21 May 2018
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Latest retail banking news

Digital banking transformation creating new systemic risks

Digital banking transformation creating new systemic risks

11 hours ago  |  3574 views  |  0 comments | 7 tweets | 11 linkedin

Digital banking transformation programmes are creating a new wave of operational and systemic risks for which the industry is ill-prepared, warns UK Finance.

MUFG to roll out blockchain payment network next year

MUFG to roll out blockchain payment network next year

13 hours ago  |  3556 views  |  0 comments | 10 tweets | 8 linkedin

Mitsubishi UFJ intends to roll out a new payments platform for micropayments and Internet of Things applications using a blockchain network from Akamai.

AIB introduces in-app travel insurance

AIB introduces in-app travel insurance

23 hours ago  |  2652 views  |  0 comments | 4 tweets | 3 linkedin

Irish bank AIB has added a new feature to its mobile app, enabling customers to buy travel insurance with a handful of clicks.

FNB lets customers open accounts with selfies

FNB lets customers open accounts with selfies

18 May 2018  |  4884 views  |  0 comments | 4 tweets | 7 linkedin

South Africa's FNB has revamped its mobile services, enabling consumers and businesses to open accounts within minutes by taking selfies.

Sageworks bought by PE firm Accel-KKR

Sageworks bought by PE firm Accel-KKR

18 May 2018  |  4486 views  |  0 comments

Sageworks, an old-school fintech that provides lending, credit risk and portfolio risk technology to US financial institutions, has been acquired by private equity firm Accel-KKR. Financial terms were not disclosed.

BBVA begins global roll-out of unified mobile app

BBVA begins global roll-out of unified mobile app

18 May 2018  |  7918 views  |  0 comments | 6 tweets | 5 linkedin

BBVA in Mexico has launched a new mobile app developed by a multi-disciplinary team from offices in Spain, the US and Mexico, marking the first stage of a global roll out that unifies design, functionality and user experience across the group's mobile banking franchise.

PayPal agrees $2.2 billion deal for iZettle

PayPal agrees $2.2 billion deal for iZettle

18 May 2018  |  8978 views  |  6 comments | 15 tweets | 28 linkedin

PayPal has reached an agreement to acquire Stockholm-based iZettle in an all-cash deal valued at $2.2 billion, it's biggest ever transaction in a dynamic and fluctuating payments environment.

Japanese banks join quantum computing hub

Japanese banks join quantum computing hub

18 May 2018  |  6845 views  |  0 comments | 8 tweets | 5 linkedin

Japanese banks MUFG and Mizuho are to join a new IBM Q Hub at Keio University to experiment with future applications for quantum computing in the financial sector.

Government appoints Wales and Northern Ireland fintech envoys

Government appoints Wales and Northern Ireland fintech envoys

17 May 2018  |  4748 views  |  0 comments | 3 tweets | 2 linkedin

Wales and Northern Ireland are getting their own financial technology envoys as part of a government effort to ensure that the UK maintains its position, post-Brexit, as Europe's top fintech dog.

UBS ranks Germany as most likely World Cup winners

UBS ranks Germany as most likely World Cup winners

17 May 2018  |  4529 views  |  0 comments | 2 tweets | 3 linkedin

UBS deployed a team of 18 analysts running 10,000 simulations to determine the likely winner of the World Cup football tournament in Russia next month, with Germany emerging top of the pile.

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