Los Angeles is looking to jump aboard the multi-billion dollar fintech train through its first professional financial technology conference.
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.
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 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 has released a parent-controlled pocket money app and card for 8-12 year olds.
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.
Newly-merged ATM giant Diebold Nixdorf has calmed regulatory concerns by agreeing to sell off its Diebold UK business to local provider Cennox.
French telco Orange has delayed the launch of its mobile-only bank from next week until the end of the summer.
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.
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.
© Finextra Research 2017