29 May 2017
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Latest retail banking news

Australian budget promises a raft of reforms to boost fintech

Australian budget promises a raft of reforms to boost fintech

09 May 2017  |  4366 views  |  0 comments | 9 tweets | 8 linkedin

Open financial data reforms, a loosening of capital restrictions and barriers for banking licences, an expanded regulatory sandbox and digital currency tax cuts are among the major initiatives in the 2017-18 Australian budget welcomed by Australia’s fintech community.

Deutsche Bank backs pan-industry online identity platform

Deutsche Bank backs pan-industry online identity platform

08 May 2017  |  9243 views  |  1 comments | 24 tweets | 11 linkedin

Deutsche Bank is teaming up with a host of major firms to set up a platform for online registration, e-identity and data services.

Macau to implement facial recognition at ATMs

Macau to implement facial recognition at ATMs

08 May 2017  |  7703 views  |  0 comments | 9 tweets | 13 linkedin

Macau is to introduce facial recognition for UnionPay cardholders at ATMs in an attempt to curb money laundering in the island territory.

Correspondent banking wilts under weight of compliance red-tape

Correspondent banking wilts under weight of compliance red-tape

08 May 2017  |  7605 views  |  1 comments | 8 tweets | 8 linkedin

The correspondent banking model governing bank-to-bank relationships is being eviscerated under the increasing weight of compliance challenges, experiencing a 25% drop in global connections over the past eight years, according to research from financial crime vendor Accuity.

Barclays campaigns to take on fraudsters

Barclays campaigns to take on fraudsters

08 May 2017  |  7932 views  |  12 comments | 14 tweets | 14 linkedin

The UK's Barclays Bank is rolling out a service to enable customers to switch off debit cards direct from their mobile app as part of a £10m nationwide drive to increase the public’s awareness of financial fraud risks.

Bitcoin set to go boom

Bitcoin set to go boom

08 May 2017  |  25024 views  |  0 comments | 35 tweets | 32 linkedin

Adam Davies, consultant at Altus Consulting believes the value of a single bitcoin will reach £3000 by the end of the year. He explains why.

Bank of Ireland makes EUR10m branch development commitment

Bank of Ireland makes EUR10m branch development commitment

05 May 2017  |  4073 views  |  0 comments | 5 tweets | 11 linkedin

Bank of Ireland is pumping EUR10 million into branch development, vowing to reinvent, rather than simply close, sites that see declining customer numbers.

Fintech coalition formed to fight EBA plans to outlaw screen scraping

Fintech coalition formed to fight EBA plans to outlaw screen scraping

05 May 2017  |  8442 views  |  5 comments | 30 tweets | 23 linkedin

Sixty organisations representing a broad cross-section of fintech businesses across Europe have joined forces to protest against new rules by the European Banking Authority that would ban screen scraping of customer data from online banking interfaces under the revised Payment Services Directive (PSD2).

Hackers exploit SS7 telco flaw to raid German bank accounts

Hackers exploit SS7 telco flaw to raid German bank accounts

05 May 2017  |  12670 views  |  0 comments | 20 tweets | 35 linkedin

02 has confirmed that hackers exploited long-known weaknesses in a protocol that connects back-end telco networks to intercept and re-route two-factor verification codes sent by German banks to customer mobiles to authorise online funds transfers.

Capital One Canada launches free credit score tool

Capital One Canada launches free credit score tool

05 May 2017  |  5108 views  |  0 comments | 4 tweets | 2 linkedin

Canadians are suffering from ostrich syndrome, according to a new survey from Capital One which shows that more than half have never attempted to get their credit score.

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