27 May 2017
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Latest retail banking news

Monzo puts API development on the back burner

Monzo puts API development on the back burner

12 May 2017  |  8365 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.

'Alexa, open Amex'

'Alexa, open Amex'

12 May 2017  |  8286 views  |  0 comments | 18 tweets | 26 linkedin

American Express cardholders can now use Amazon's Alexa to check their account balance, review recent charges, make a payment and find out about new offers from the card scheme.

Rabobank enters digital identity market

Rabobank enters digital identity market

12 May 2017  |  8329 views  |  0 comments | 19 tweets | 22 linkedin

Rabobank has partnered with Norway's Signicat to provide a digital identity hub for businesses looking to onboard new customers and sign legally-binding contracts online.

P2P payments become social norm

P2P payments become social norm

12 May 2017  |  11192 views  |  0 comments | 39 tweets | 28 linkedin

Americans are embracing person-to-person payments, with more than a third now using services such as Zelle and Venmo to pay each other back, according to a Bank of America survey.

Robo-advisor Wealthsimple raises C$50m

Robo-advisor Wealthsimple raises C$50m

11 May 2017  |  4969 views  |  0 comments | 11 tweets

Toronto-based online investment manager Wealthsimple has raised C$50 million from Power Financial to fund its growth ambitions in Canada and the US.

Mizuho and World Innovation Lab to establish fintech joint venture

Mizuho and World Innovation Lab to establish fintech joint venture

11 May 2017  |  3671 views  |  0 comments | 6 tweets | 1 linkedin

Mizuho is joining forces with World Innovation Lab to create a joint venture company that will pair with startups from Japan and the US to create new business services utilising fintech innovations and the Internet of Things.

Card networks bring standardised QR codes to Thailand

Card networks bring standardised QR codes to Thailand

11 May 2017  |  5815 views  |  3 comments | 6 tweets | 17 linkedin

Mastercard, UnionPay International and Visa have introduced a standardised QR code for payments by mobile phone at merchant locations across Thailand.

NatWest and RBS roll out automated lending process for commercial real estate deals

NatWest and RBS roll out automated lending process for commercial real estate deals

11 May 2017  |  6077 views  |  0 comments | 8 tweets | 12 linkedin

The Royal Bank of Scotland and its NatWest subsidiary are introducing an automated process that will see them make commercial real estate lending decisions of up to £2 million in just 45 minutes.

UK facility takeover fraud jumps

UK facility takeover fraud jumps

10 May 2017  |  4215 views  |  0 comments | 5 tweets | 8 linkedin

Facility takeover fraud soared by 45% in the UK last year, as crooks hoovered up the personal data of victims and used it to gain control of bank and other accounts, says not-for-profit data sharing and prevention agency Cifas.

RBS cuts hundreds of UK tech jobs

RBS cuts hundreds of UK tech jobs

10 May 2017  |  4555 views  |  6 comments | 4 tweets | 8 linkedin

The Royal Bank of Scotland is shedding hundreds of UK technology jobs, offshoring much of the work to India.

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