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.
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.
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.
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 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, 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.
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.
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.
US electronics payments association Nacha is hoping to nudge along the industry's adoption of APIs by setting up a standardisation working group.
Nordea is to introduce artificial intelligence technology to analyse customer text queries and forward the correspondence to the right department.
© Finextra Research 2017