Top fintech stories this week – 22 July 2016
Mobile banking is taking over
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
BBA records dramatic increase in mobile banking usage
Digital banking is in a “consumer-led revolution”.
MasterCard buys VocaLink for $920 million
Current owners Barclays, HSBC, Lloyds and RBS will receive a handy windfall.
Cidel Bank implementing ERI’S Olympic core banking system
“Olympic is going to give us exactly what we need to operate across multiple locations,” states Cidel CEO.
Softbank to buy mobile chip designer ARM in £24.3 billion IoT bet
This looks like an exciting acquisition for IoT and the UK tech sector.
Open banking APIs will require a rulebook to ensure “good outcome”
API efforts are at risk of fragmentation under pressure from tight deadlines, a lack of clarity and competing domestic proposals.
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