24 July 2017
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Latest retail banking news

Australians urged to 're-wire' brains for saving

Australians urged to 're-wire' brains for saving

11 July 2017  |  4532 views  |  0 comments | 3 tweets | 3 linkedin

Australia's Ubank is aiming to turn its free-spending customers into diligent savers through AI-powered money management technology and tips on "re-wiring" their financial brains.

UK FS firms invest in data analysis and process automation

UK FS firms invest in data analysis and process automation

11 July 2017  |  6070 views  |  0 comments | 6 tweets | 8 linkedin

British financial services firms expect to boost IT spending over the next year, with data analysis and process automation two particularly hot areas, according to the latest CBI/PwC survey.

BofE says Ripple PoC reinforces desire for DLT compatibility

BofE says Ripple PoC reinforces desire for DLT compatibility

10 July 2017  |  12059 views  |  0 comments | 15 tweets | 12 linkedin

The Bank of England says that a distributed ledger technology proof-of-concept with Ripple has reinforced its intention to make a new real-time gross settlement (RTGS) platform compatible with DLT usage in the private sector.

Stripe adds global support for WeChat and Alipay

Stripe adds global support for WeChat and Alipay

10 July 2017  |  3847 views  |  0 comments | 14 tweets | 15 linkedin

Digital payments outfit Stripe is introducing global support for Alipay and WeChat Pay, connecting business customers to the hundreds of millions of Chinese consumers that actively use these payment methods.

Brits unmoved by new digital challengers

Brits unmoved by new digital challengers

10 July 2017  |  7313 views  |  5 comments | 20 tweets | 20 linkedin

Brits may be the most prolific users of digital banking services across Europe, but only 14% would contemplate switching to an app-based challenger bank, according to a study conducted by Mastercard.

ANZ and Westpac put bank guarantees on the distributed ledger

ANZ and Westpac put bank guarantees on the distributed ledger

10 July 2017  |  6675 views  |  1 comments | 9 tweets | 16 linkedin

ANZ, Westpac and IBM have successfully completed a trial run of distributed ledger technology to update the decades-old process of issuing, tracking and claiming on bank guarantees.

Fidor UK brings Seedrs and Nutmeg online

Fidor UK brings Seedrs and Nutmeg online

10 July 2017  |  5818 views  |  0 comments | 9 tweets | 6 linkedin

The UK arm of German bank Fidor has added equity financing from Seedrs and wealth management software from Nutmeg to its portfolio of third party marketplace offerings.

EU Funds Transfer Regulation 2015: three challenges to overcome

EU Funds Transfer Regulation 2015: three challenges to overcome

07 July 2017  |  12987 views  |  0 comments | 6 tweets | 4 linkedin

Applicable from 26 June 2017, the EU Funds Transfer Regulation 2015 (FTR 2015) brings with it many unexpected implementation hurdles for payment service providers (PSPs). Christian Westerhaus, head of product & strategy, Institutional Cash Management, Deutsche Bank, explains why there is more to FTR 2015 than meets the eye.

Nacha sets sights on standardised APIs

Nacha sets sights on standardised APIs

07 July 2017  |  7191 views  |  0 comments | 14 tweets | 5 linkedin

US electronics payments association Nacha is hoping to nudge along the industry's adoption of APIs by setting up a standardisation working group.

Nordea to deploy AI to speed up customer service

Nordea to deploy AI to speed up customer service

07 July 2017  |  9476 views  |  0 comments | 24 tweets | 17 linkedin

Nordea is to introduce artificial intelligence technology to analyse customer text queries and forward the correspondence to the right department.

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