18 October 2017
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Latest News

Aviva succumbs to allure of robo-advice with Wealthify purchase
Start ups

Aviva succumbs to allure of robo-advice with Wealthify purchase

05 October 2017  |  4506 views  |  0 comments | 7 tweets | 9 linkedin

UK insurer Aviva has acquired a majority stake in a startup robo-adviser for an undisclosed sum.

Singapore and Thailand look to link e-payment schemes
Retail banking

Singapore and Thailand look to link e-payment schemes

05 October 2017  |  5593 views  |  1 comments | 9 tweets | 9 linkedin

Thailand and Singapore have announced tentative plans to integrate their respective e-payment schemes in a bid to promote digital banking, according to a Bloomberg report.

TD Bank opens Israel cybersecurity office; injects AI into mobile app
Mobile & online

TD Bank opens Israel cybersecurity office; injects AI into mobile app

04 October 2017  |  6294 views  |  0 comments | 4 tweets | 3 linkedin

Toronto-Dominion Bank is looking to tap into Israel's world-renowned cybersecurity talent pool through the opening of a Tel Aviv office. Meanwhile, the Canadian bank is also giving its app an AI boost through a partnership with Kasito.

Starling to move into business banking
Payments

Starling to move into business banking

04 October 2017  |  7376 views  |  0 comments | 16 tweets | 21 linkedin

Digital challenger bank Starling is to open a mobile-only business account for small traders and SMEs.

OCBC business customers can now ask Siri to make B2B payments
Security

OCBC business customers can now ask Siri to make B2B payments

04 October 2017  |  6859 views  |  0 comments | 8 tweets | 12 linkedin

Singapore's OCBC Bank has integrated its business mobile banking app with Apple's Siri for use in voice-controlled funds transfers and account balance enquiries.

Four more banks join IBM/UBS blockchain trade finance platform
Payments

Four more banks join IBM/UBS blockchain trade finance platform

04 October 2017  |  9205 views  |  0 comments | 16 tweets | 32 linkedin

IBM is collaborating with five international banks on the creation of a global trade finance platform based on blockchain technology.

UAE's oldest bank launches digital-only Neo
Mobile & online

UAE's oldest bank launches digital-only Neo

04 October 2017  |  4360 views  |  0 comments | 10 tweets | 12 linkedin

Mashreq Bank has launched Neo, a digital-only bank to cater to the needs of the millennial generation.

"Alexa, ask my bank, what is my balance?"
Retail banking

"Alexa, ask my bank, what is my balance?"

04 October 2017  |  7578 views  |  1 comments | 24 tweets | 34 linkedin

NCR is working with Maine-based Town & Country Federal Credit Union to train Amazon's voice commerce assistant Alexa to respond to spoken requests for bank account information.

Tech spending key to fixed-income market share growth
Trade execution

Tech spending key to fixed-income market share growth

03 October 2017  |  4213 views  |  0 comments | 8 tweets | 6 linkedin

Bond dealers that want to boost their market share growth need to spend big on technology. That's the message of a new report into IT spending in fixed income trading.

Canadian lenders issue open banking warning
Start ups

Canadian lenders issue open banking warning

03 October 2017  |  8536 views  |  11 comments | 19 tweets | 19 linkedin

The Canadian Bankers Association says the government should think carefully before embracing open banking, warning that increasing third party access to financial data poses major risks not only to customers but to the entire economy.

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