21 September 2017
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Latest retail banking news

Firms still struggling with PCI DSS compliance

Firms still struggling with PCI DSS compliance

01 September 2017  |  15617 views  |  8 comments | 16 tweets | 28 linkedin

Despite the wave of costly data breaches over the last few years, nearly half of global firms that accept plastic are still failing to meet Payment Cards Industry (PCI) security standards, according to a report from Verizon.

Basel Committee investigates fintech implications for banks and supervisors

Basel Committee investigates fintech implications for banks and supervisors

31 August 2017  |  11501 views  |  0 comments | 14 tweets | 24 linkedin

The rise of fintech is set to fundamentally change the financial services industry, forcing banks to change their operating models and requiring regulators to adapt to address risks while promoting innovation, says a new paper from the Basel Committee on Banking Supervision.

Credit Suisse fintech fund invests in employee monitoring firm

Credit Suisse fintech fund invests in employee monitoring firm

31 August 2017  |  7790 views  |  0 comments | 3 tweets | 1 linkedin

Credit Suisse's fintech fund has made a majority investment in Sapience Analytics, an Indian firm that helps firms monitor how employees use their computers and phones. Financial terms were not disclosed.

Mastercard turns phones into contactless payments terminals

Mastercard turns phones into contactless payments terminals

30 August 2017  |  20402 views  |  1 comments | 24 tweets | 53 linkedin

Mastercard is prepping a pilot that will see small businesses in Poland able to accept contactless payments with only a smartphone.

Ride-hailing app Grab introduces P2P payments feature

Ride-hailing app Grab introduces P2P payments feature

30 August 2017  |  8555 views  |  0 comments | 4 tweets | 2 linkedin

Southeast Asian ride-hailing service Grab is venturing further into the payments market, adding a P2P instant fund transfer feature to its app in Singapore.

PayPal rolls out cashback credit card

PayPal rolls out cashback credit card

30 August 2017  |  13942 views  |  8 comments | 14 tweets | 22 linkedin

PayPal has come up with a novel new weapon to help it take over the high street - an old-fashioned plastic credit card.

Russian bank opens blockchain research centre

Russian bank opens blockchain research centre

30 August 2017  |  19242 views  |  0 comments | 10 tweets | 11 linkedin

Russia has stepped up its plans to exploit the potential of distributed ledger technology (DLT) with the announcement that state-owned bank Vnesheconombank (VEB) is to open a blockchain research centre in Moscow.

France and Sweden's fintech ambitions get Brexit boost

France and Sweden's fintech ambitions get Brexit boost

30 August 2017  |  15096 views  |  0 comments | 17 tweets | 10 linkedin

The UK's divorce from the EU has led to France and Sweden gaining a larger share of the number of fintech deals done within the Union, according to the research firm CBInsights.

Digiliti Money rejects Urban FT takeover offer

Digiliti Money rejects Urban FT takeover offer

29 August 2017  |  5291 views  |  0 comments | 1 linkedin

Urban FT says that struggling remote deposit capture vendor Digiliti Money has turned down a takeover offer.

Singapore to develop common QR code for payments

Singapore to develop common QR code for payments

29 August 2017  |  10553 views  |  1 comments | 14 tweets | 22 linkedin

Singapore is planning to develop a common QR code that will facilitate payments among different schemes, e-wallets and banks.

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