FinTech

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R3 CEV blockchain consortium raises $107 million from members

24 May 17 @ 17:04

Financial and technology companies led by Bank of America,SBI Holdings, HSBC, Intel and Temasek Holdings have invested $107 million in R3 CEV which runs a big bank consortium seeking to develop... read more

BBVA commercialises Open Banking APIs ahead of PSD2

24 May 17 @ 09:57

Spanish bank BBVA says it is open for business with its Open Banking programme and is making eight of its APIs commercially available for the first time ahead of the new PSD2... read more

The changing face of UK payments – Mobile payments and the rise of data

18 May 17 @ 10:11

The UK Payments industry, along with the rest of Europe, is facing a raft of challenges in the near future, from the proliferation of alternative payment channels, increasingly demanding merchant... read more

Fight over EBA’s recommendation on Screen Scraping hots up as banks up the ante

17 May 17 @ 12:55

Just days after a coalition of 56 FinTech vendors lobbied the European Banking Authority in a strongly worded petition regarding the practice of Screen Scraping, The European Banking Federation (EBF) is asking the... read more

PSD2 access to accounts: A huge hidden revenue opportunity for banks

15 May 17 @ 11:51

There is a widely-held belief in the banking industry that PSD2 access to accounts (XS2A) has to be provided for free. This is not true. Sure, Europe’s banks must grant... read more

Global P2P mobile payments value set to grow by 40% in 2017

10 May 17 @ 09:49

The value of global P2P mobile payments is set to increase 40% to $540 billion by end-2017, Juniper Research forecast. Growth in the segment is predicted alongside a trend of... read more

Right finger forward: Why consumer technologies are driving biometric banking

09 May 17 @ 13:32

When Apple and Samsung released new devices with fingerprint sensor technology, biometrics suddenly went mainstream and, as consumers, we’ve quickly become familiar with the technology. Fingerprint recognition has long been... read more

Could PSD2 implementation accidentally ruin the European FinTech market?

09 May 17 @ 11:25

A group of influential European FinTech companies have come together as 56 companies and associations operating across all EU Member States and at a global level in the financial services space... read more

Omni-Channel Retailing: The demand for cross-channel payment infrastructure service

08 May 17 @ 14:00

In a new omni-channel retailing report – it is noted that online technologies, mobile devices and new consumer demands are rapidly transforming the retail sector and the payments industry. They offer... read more

Cloud computing: There’s a clearing in the cloud for financial services

08 May 17 @ 12:41

The financial services sector is one of the prime markets that stands to gain many benefits from cloud computing but, to date, this has proved rather difficult. This is hardly... read more

Banks at risk of missing the open banking opportunity

04 May 17 @ 15:51

Monitise FINkit has announced the key findings from its research into senior banking executives’ priorities, challenges, and future plans surrounding open banking. The study, carried out by independent researchers LM Research,... read more

Social network payments now reach nearly $3 trillion in China

24 Apr 17 @ 14:09

A new UN study reveals that social network payments through Alipay and WeChat Pay enabled $2.9 trillion in Chinese digital payments in 2016, representing a 20-fold increase in the past four... read more

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Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more