22 January 2017
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Latest retail banking news

Dwolla raises $6.9m

Dwolla raises $6.9m

20 January 2017  |  2235 views  |  0 comments | 4 tweets

Digital payments outfit Dwolla has raised $6.9 million in a funding round led by Union Square Ventures and Foundry Group.

China's Ant Financial goes global in bid for two billion users in 10 years

China's Ant Financial goes global in bid for two billion users in 10 years

20 January 2017  |  3863 views  |  0 comments | 14 tweets | 5 linkedin

Ant Financial, the payments unit of Chinese Web giant Alibaba, is looking into the use of blockchain technology as it sets its sights on boosting its user numbers to two billion people within the next decade.

SocGen builds startup database

SocGen builds startup database

20 January 2017  |  3167 views  |  0 comments | 6 tweets | 3 linkedin

French bank Societe Generale is setting up an internal platform, dubbed Startup Radar, where staffers can access information about experimental projects and recommend interesting fintech firms.

EZ-Link blends payments with fitness trackers

EZ-Link blends payments with fitness trackers

20 January 2017  |  2921 views  |  0 comments | 2 tweets | 3 linkedin

Singaporean transit and payment card issuer EZ-Link has launched a new line of wearables embedding payment functionality into fitness and health trackers from Watchdata and Garmin.

POSB virtual agent chats with customers on Facebook

POSB virtual agent chats with customers on Facebook

20 January 2017  |  2570 views  |  0 comments | 2 tweets | 6 linkedin

DBS Bank subsidiary POSB is using technology from Kasisto, the firm behind Apple's Siri AI, to enable natural language conversations with customers through Facebook Messenger.

Australian Government agency steps in to support fintech accelerator

Australian Government agency steps in to support fintech accelerator

20 January 2017  |  2284 views  |  0 comments | 2 tweets | 1 linkedin

Australian fintech accelerator H2 Ventures has secured a $4 million warchest from Investec to invest in up to 40 startups, underwritten by a Government-backed guarantee of $2 million

Number of US data breaches jumps 40% in 2016

Number of US data breaches jumps 40% in 2016

20 January 2017  |  3415 views  |  0 comments | 2 tweets | 14 linkedin

The number of US data breaches tracked in 2016 hit an all-time record high of 1093, up 40% on the previous year, according to a new report from the Identity Theft Resource Center (ITRC) and CyberScout.

TD Bank to sponsor MIT's first fintech hackathon

TD Bank to sponsor MIT's first fintech hackathon

20 January 2017  |  2860 views  |  1 comments | 7 tweets | 5 linkedin

MIT has recruited TD Bank and Prudential to sponsor its first-ever fintech hackathon.

Western Union to pay $586m to settle AML charges

Western Union to pay $586m to settle AML charges

19 January 2017  |  3937 views  |  1 comments | 7 tweets | 20 linkedin

Western Union has agreed to pay $586 million to settle US criminal and civil charges that it wilfully failed to maintain an effective anti-money laundering programme and aided and abetted wire fraud.

US fintech firms join forces to push data sharing via APIs

US fintech firms join forces to push data sharing via APIs

19 January 2017  |  8073 views  |  3 comments | 45 tweets | 42 linkedin

A host of US fintech firms - including Betterment, Kabbage and Ripple - have set up an industry group to push for consumers' rights to share their bank financial data with third parties.

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