01 October 2016
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CIBC, NAB and Bank Leumi form innovation alliance
Retail banking

CIBC, NAB and Bank Leumi form innovation alliance

21 September 2016  |  4132 views  |  1 comments | 10 tweets | 6 linkedin

Canadian Imperial Bank of Commerce, National Australia Bank and Israel's Bank Leumi have formed an "innovation alliance" that will see them share strategies for improving client services in the digital age.

Financial fraudsters hit every 15 seconds over the past six months
Security

Financial fraudsters hit every 15 seconds over the past six months

21 September 2016  |  3091 views  |  0 comments | 7 tweets | 7 linkedin

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by Financial Fraud Action UK (FFA UK), representing a 53% increase compared to the same period last year,

MarvelStone Group to launch 'world's largest' fintech hub in Singapore
Wholesale banking

MarvelStone Group to launch 'world's largest' fintech hub in Singapore

21 September 2016  |  3693 views  |  0 comments | 7 tweets | 2 linkedin

Asian investment house MarvelStone group is laying claim to the creation of the world's largest fintech hub, Lattice80, which will open in Singapore's Central Business District in November.

The Clearing House to use IBM Power backbone for real-time payments
Payments

The Clearing House to use IBM Power backbone for real-time payments

21 September 2016  |  3860 views  |  0 comments | 15 tweets | 7 linkedin

The Clearing House is to use an IBM Power8-based system infrastructure running Linux and AIX operating systems as the hosting platform for its forthcoming move to real-time payments.

JPMorgan Chase partners InvestCloud for digital wealth management
Retail banking

JPMorgan Chase partners InvestCloud for digital wealth management

21 September 2016  |  5297 views  |  0 comments | 6 tweets | 7 linkedin

JPMorgan Chase is buying a stake in InvestCloud as part of a deal that also sees the bank enlist the Californian fintech startup to boost its digital capabilities for individual investors. The size of the investment has not been revealed.

Banks test blockchain for reference data management
Blockchain

Banks test blockchain for reference data management

20 September 2016  |  9161 views  |  0 comments | 18 tweets | 28 linkedin

In the latest blockchain experiment carried out under the R3 banner, major banks including Citi and HSBC are looking into how distributed ledger technology can be used to simplify reference data processes.

Lloyds seeks head of fintech discovery
Retail banking

Lloyds seeks head of fintech discovery

20 September 2016  |  5665 views  |  0 comments | 14 tweets | 2 linkedin

Lloyds Banking Group is on the hunt for a head of "fintech discovery" to help lead its £1 billion, three year digital transformation programme.

Swift unveils tool to help banks spot fraudulent transfers
Payments

Swift unveils tool to help banks spot fraudulent transfers

20 September 2016  |  4950 views  |  3 comments | 10 tweets | 7 linkedin

In the wake of the $81 million Bangladesh Bank hack, Swift is prepping a new tool designed to help banks pick up on fraudulent transfers by sending them daily reports of their payment message flows.

US judge says Bitcoin is money
Security

US judge says Bitcoin is money

20 September 2016  |  4246 views  |  0 comments | 12 tweets | 12 linkedin

A US judge has ruled that Bitcoin is a type of money, rejecting the efforts of a defendant to get charges related to his involvement with a virtual currency exchange dismissed.

Leeds community gets behind UK regional fintech push
Payments

Leeds community gets behind UK regional fintech push

20 September 2016  |  4487 views  |  0 comments | 11 tweets | 2 linkedin

At YBS hosted event, local fintech stakeholders grapple with challenge of acting quickly but strategically.

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