25 May 2017
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Strengthening Toronto fintech ecosystem should be top priority - report
Risk & regulation

Strengthening Toronto fintech ecosystem should be top priority - report

16 May 2017  |  5247 views  |  0 comments | 6 tweets | 9 linkedin

Toronto has the potential to be a strong fintech hub but, without a clear strategy and private and government support, the Canadian city could also see its position in the global pecking order slide, suggests a new report written by Accenture and McMillan.

WannaCry ransomware: Indian banks told to update ATM software
Retail banking

WannaCry ransomware: Indian banks told to update ATM software

15 May 2017  |  4222 views  |  5 comments | 5 tweets | 12 linkedin

In the wake of the global WannaCry ransomware cyberattacks, the Reserve Bank of India has told the country's Windows XP-loving banks to run software updates, according to local press reports.

DTCC to move more applications to the cloud as technology reaches tipping point
Post-trade & ops

DTCC to move more applications to the cloud as technology reaches tipping point

15 May 2017  |  4280 views  |  0 comments | 13 tweets | 13 linkedin

The US Depository Trust and Clearing Corporation is to extend its use of cloud computing after deciding that off-premise hosting has surpassed the achievements available via inhouse data centres.

French retailers and banks begin roll out of universal mobile app
Retail banking

French retailers and banks begin roll out of universal mobile app

15 May 2017  |  5597 views  |  0 comments | 12 tweets | 18 linkedin

French retailer Carrefour is to begin the roll out of LyfPay, a new mobile app resulting from the merger of BNP Paribas-backed Wa! and Credit Mutuel's Fivory, which will enable customers to make instore and online payments with a single movement, send P2P money transfers, settle invoices and use loyalty points and coupons.

China central bank sets up fintech committee
Start ups

China central bank sets up fintech committee

15 May 2017  |  7645 views  |  0 comments | 14 tweets | 38 linkedin

The People's Bank of China has set up a committee that will investigate the impact of fintech on monetary policy and financial markets as well as how big data and AI can be used for regulatory oversight.

Swift launches cyber-threat intelligence service
Wholesale banking

Swift launches cyber-threat intelligence service

15 May 2017  |  7647 views  |  0 comments | 9 tweets | 15 linkedin

Interbank co-operative Swift has launched an 'Information Sharing and Analysis Centre' to provide member banks with timely intelligence on the latest trends in cyber-security.

UBank unveils RoboChat for home loan applications
Retail banking

UBank unveils RoboChat for home loan applications

15 May 2017  |  4081 views  |  0 comments | 11 tweets | 3 linkedin

Digital only Australian bank UBank is rolling out a virtual assistant to help potential home buyers and refinancers complete their online home loan applications.

EBAday 2017: Towards full payments digitalisation
Transaction banking

EBAday 2017: Towards full payments digitalisation

12 May 2017  |  10272 views  |  0 comments | 5 tweets | 4 linkedin

A host of board directors, chief financial officers and payments and technology heads from Europe's leading banks have confirmed their participation in the conference programme for the twelfth annual EBAday, taking place this year in Dublin between the 20th and 21st June.

CIBC opens Waterloo data lab
Start ups

CIBC opens Waterloo data lab

12 May 2017  |  4331 views  |  0 comments | 4 tweets | 3 linkedin

The Canadian Imperial Bank of Commerce (CIBC) is backing a new data hub in the city of Waterloo, posting a team of data scientists at the spot to work with local students and fintech startups.

Monzo puts API development on the back burner
Start ups

Monzo puts API development on the back burner

12 May 2017  |  8270 views  |  0 comments | 22 tweets | 16 linkedin

Digital bank Monzo is putting its API developer plans on ice as it faces up to the challenge of launching current accounts for its 190,000 customers.

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