The European Central Bank is inviting independent techies and vendors to develop a mobile app for its forthcoming instant payment settlement system that will let people and businesses send money anywhere in the euro area within seconds.
In recognition of two of the central threats facing his organisation - hackers and upstart rivals - Swift CEO Gottfried Leibbrandt used his opening remarks at this year's Sibos in Toronto to talk up his gpi and cybersecurity programmes.
IBM is leading a project that uses public blockchain technology to make international payments in developing countries more efficient and less expensive.
Fidelity is using virtual reality to transport staff into the homes of fictional customers so that they can see the impact of their responses to queries both during and after a simulated telephone call.
Ripple is hoping to tempt banks to jump onto its enterprise blockchain network by dangling a rebate, in the form of its XRP digital asset, to early commercial adopters.
Royal Bank of Canada has teamed up with Wave to integrate invoicing, accounting and financial insights into its online business banking platform.
Santander's fintech venture capital fund has led a $6 million funding round for ePesos, a Mexican mobile payments startup targeting underbanked small businesses.
Having clinched a host of fintech cross-border agreements with regulatory agencies across the world, Abu Dhabi Global Markets is now turning its attention to the commercial banking industry, signing an MoU with YES Bank to spur collaboration between the Middle East and India.
OakNorth, a UK challenger bank targeting small- and medium-sized businesses, is looking to ramp up lending and license its technology around the world after raising £154 million from a group of international investors.
Increased regulatory burden is hampering smooth and timely onboarding of customers, as banks struggle with technology implementation and budget parameters, according to financial industry professionals surveyed in a new paper by Finextra Research.
© Finextra Research 2017