22 October 2017
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IBM uses blockchain to improve cross-border payments processing
Retail banking

IBM uses blockchain to improve cross-border payments processing

16 October 2017  |  8729 views  |  3 comments | 9 tweets | 18 linkedin

IBM is leading a project that uses public blockchain technology to make international payments in developing countries more efficient and less expensive.

Fidelity exploits virtual reality for 'empathy training'
Wholesale banking

Fidelity exploits virtual reality for 'empathy training'

16 October 2017  |  5356 views  |  0 comments | 7 tweets | 11 linkedin

Fidelity is using virtual reality to transport staff into the homes of fictional customers so that they can see the impact of their responses to queries both during and after a simulated telephone call.

Ripple looks to drive bank adoption with $300m XRP rebate programme
Payments

Ripple looks to drive bank adoption with $300m XRP rebate programme

13 October 2017  |  16800 views  |  0 comments | 14 tweets | 5 linkedin

Ripple is hoping to tempt banks to jump onto its enterprise blockchain network by dangling a rebate, in the form of its XRP digital asset, to early commercial adopters.

RBC integrates financial management platform with online banking for SME clients
Mobile & online

RBC integrates financial management platform with online banking for SME clients

13 October 2017  |  5108 views  |  0 comments | 7 tweets | 4 linkedin

Royal Bank of Canada has teamed up with Wave to integrate invoicing, accounting and financial insights into its online business banking platform.

Santander InnoVentures leads $6m funding round for Mexico's ePesos
Retail banking

Santander InnoVentures leads $6m funding round for Mexico's ePesos

13 October 2017  |  6569 views  |  0 comments | 7 tweets | 3 linkedin

Santander's fintech venture capital fund has led a $6 million funding round for ePesos, a Mexican mobile payments startup targeting underbanked small businesses.

ADGM and YES Bank sign fintech co-operation pact; B-Hive opens in NY
Wholesale banking

ADGM and YES Bank sign fintech co-operation pact; B-Hive opens in NY

13 October 2017  |  3886 views  |  0 comments | 3 tweets | 5 linkedin

Having clinched a host of fintech cross-border agreements with regulatory agencies across the world, Abu Dhabi Global Markets is now turning its attention to the commercial banking industry, signing an MoU with YES Bank to spur collaboration between the Middle East and India.

Swift positive on blockchain, but big challenges remain
Payments

Swift positive on blockchain, but big challenges remain

13 October 2017  |  9429 views  |  0 comments | 16 tweets | 23 linkedin

Early results from a blockchain proof-of-concept conducted by Swift with six of the co-operative's member banks indicate that DLT application can deliver the business functionalities and data richness required to support real-time liquidity monitoring and reconciliation.

OakNorth joins unicorn club with £154m funding round
Artificial Intelligence

OakNorth joins unicorn club with £154m funding round

12 October 2017  |  4859 views  |  0 comments | 5 tweets | 4 linkedin

OakNorth, a UK challenger bank targeting small- and medium-sized businesses, is looking to ramp up lending and license its technology around the world after raising £154 million from a group of international investors.

Can regtech and CLM save the customer experience? - new Finextra report
Wholesale banking

Can regtech and CLM save the customer experience? - new Finextra report

12 October 2017  |  6518 views  |  0 comments | 8 tweets | 9 linkedin

Increased regulatory burden is hampering smooth and timely onboarding of customers, as banks struggle with technology implementation and budget parameters, according to financial industry professionals surveyed in a new paper by Finextra Research.

Accuity partners R3 for financial crime screening on DLT
Blockchain

Accuity partners R3 for financial crime screening on DLT

12 October 2017  |  4510 views  |  0 comments | 6 tweets | 11 linkedin

Compliance and KYC specialist Accuity has integrated its financial crime screening suite with R3's distributed ledger technology platform, Corda.

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