24 July 2017
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Latest retail banking news

LA joins fintech fray through digital money conference

LA joins fintech fray through digital money conference

30 June 2017  |  6810 views  |  0 comments | 6 tweets | 2 linkedin

Los Angeles is looking to jump aboard the multi-billion dollar fintech train through its first professional financial technology conference.

EPC to issue RFI for interoperable P2P mobile payments

EPC to issue RFI for interoperable P2P mobile payments

30 June 2017  |  8391 views  |  0 comments | 11 tweets | 12 linkedin

The European Payments Council is to issue a Request for Information (RFI) to identify parties interested in becoming a provider of a Standardised Proxy Lookup (SPL) service for pan-European interoperability of person-to-person mobile payments.

EBA rejects Commission amendments on screen scraping under PSD2

EBA rejects Commission amendments on screen scraping under PSD2

30 June 2017  |  18656 views  |  16 comments | 45 tweets | 62 linkedin

The latest twist in the ongoing row between banks and fintech companies over the future of customer data sharing under the revised Payment Services Directive (PSD2) comes courtesy of the European Banking Authority, which has rejected a proposed amendment to the rules from the European Commission that would have allowed for the continuation of screen scraping.

SBI and Siam Commercial Bank open cross-border remittance rail using Ripple

SBI and Siam Commercial Bank open cross-border remittance rail using Ripple

30 June 2017  |  9509 views  |  0 comments | 13 tweets | 11 linkedin

SBI Remit and Siam Commercial Bank (SCB) have introduced the first commercially-available remittance service powered by Ripple, using the system to send money in JPY to a recipient’s SCB savings account in Thailand and receive funds in seconds.

Danske Bank develops pocket money app

Danske Bank develops pocket money app

30 June 2017  |  10503 views  |  2 comments | 13 tweets | 14 linkedin

Danske Bank has released a parent-controlled pocket money app and card for 8-12 year olds.

PayPal invests in LendUp

PayPal invests in LendUp

29 June 2017  |  6256 views  |  0 comments | 9 tweets | 6 linkedin

PayPal has made a strategic investment in LendUp, an online lender targeting Americans that are generally considered too risky by traditional banks. Terms of the deal were not disclosed.

Diebold Nixdorf sells off some business to satisfy UK watchdog

Diebold Nixdorf sells off some business to satisfy UK watchdog

29 June 2017  |  4364 views  |  0 comments | 2 tweets | 1 linkedin

Newly-merged ATM giant Diebold Nixdorf has calmed regulatory concerns by agreeing to sell off its Diebold UK business to local provider Cennox.

Orange Bank launch delayed

Orange Bank launch delayed

29 June 2017  |  5724 views  |  0 comments | 7 tweets | 6 linkedin

French telco Orange has delayed the launch of its mobile-only bank from next week until the end of the summer.

NatWest pilots AI technology to flag compliance fails in sales conversations

NatWest pilots AI technology to flag compliance fails in sales conversations

29 June 2017  |  8732 views  |  0 comments | 7 tweets | 12 linkedin

NatWest is trialling the use of artificial intelligence technology from a company set up by a former FSA regulator to monitor and analyse the context of sales conversations recorded between clients and front-life staff.

Rise in online and mobile shopping drives card fraud transactions to new high

Rise in online and mobile shopping drives card fraud transactions to new high

29 June 2017  |  11944 views  |  0 comments | 19 tweets | 28 linkedin

European card fraud losses hit a record €1.8bn in 2016, with the UK seeing the highest losses at £618m, as criminals took advantage of a boom in CNP-based online and mobile shopping.

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