Top fintech stories this week – 6 January 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! The first weekly news round-up of 2017. Happy 2017! Let it be a year of discovery and success.
Innovation
Idea Bank launches “pay as you drive” car loan in Poland
Idea Bank in Poland has launched “the world’s first pay-as-you-drive” car loan model – Happy Miles – with the payments calculated according to the travelled distance. A GPS device installed in the vehicle automatically sends the information about the distance covered to the lender.
Top five jargon winners in 2016
For some people in the world of fintech, they find comfort in the language of jargon. Pity these poor souls! Lost, confused and unable to communicate clearly and normally. Here are our top five jargon winners of 2016. You can avoid being on this list next year – just use English! CIBC ends phase one […]
Top ten fintech features in 2016
Look back at some of the top-read feature articles on all matters fintech published by Banking Technology in 2016.
Digital bank for migrants and expats, Monese, raises $10m
Monese, a mobile-only bank founded by Norris Koppel, an Estonian expat in London, has raised $10 million in Series A funding round as it looks to go pan-European.
ICICI Bank and HDFC Bank embrace social media
ICICI Bank goes for Twitter, while HDFC Bank banks on Facebook Messenger.
New digital bank coming to Middle East, Bank Clearly
Bank Clearly, a new digital banking service, is being set up in the UAE. Clearly will offer account opening “in seconds, completely online”.
Alpari Bank and Attic Lab embark on blockchain-based e-money project
A Ukrainian fintech start-up, Attic Lab, has signed a deal with a local bank, Alpari Bank, to implement blockchain-based banking system SmartMoney.
Top ten payments projects in 2016
Look back at some of the major payments projects in 2016, with Banking Technology’s top ten.
E-magazine: Compensation management automation
Managing incentive compensation can be a challenge. Typical management systems are done manually – taking too much time and effort. They also fail to provide precise tracking for compensation-related regulations. This e-magazine introduces IBM Incentive Compensation Management, a unified solution that integrates data, calculations, workflow management and reporting. The solution automates complex tasks – reducing […]
Top ten digital bank initiatives in 2016
Look back at some of the major digital bank initiatives across the globe in 2016, with Banking Technology’s top ten.
UK retailer House of Fraser to invest up to £35m in challenger bank Tandem
A UK-based challenger bank, Tandem, will start offering financial solutions to customers of retailer House of Fraser in 2017. As part of the collaboration agreement between the two companies, House of Fraser will invest up to £35 million in Tandem.
Top ten fintech opinion pieces in 2016
Look back at some of the most interesting and thought-provoking opinion pieces on all matters fintech published by Banking Technology in 2016.
Top ten blockchain stories in 2016
It felt like there was a blockchain story every day in 2016, but we look back at some of the bigger stories with Banking Technology’s top ten! Microsoft and AMIS launch Asia’s first blockchain consortium Microsoft says it is also in “collaboration” with banks such as Ubon Financial, Cathay Financial Holdings and MegaBank to further […]
Top fintech stories this week – 23 December 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! The last weekly news round-up of 2016. Happy holidays from everyone at Banking Technology!
Top ten digital channels projects in 2016
Look back at some of the major digital channels projects in 2016, with Banking Technology’s top ten.
State Street tests blockchain for securities lending
State Street is concluding its testing of a blockchain system from securities lending and is pondering its roll-out in 2017.
Top five banking tech case studies in 2016
Our pick of banking tech and fintech case studies – published by Banking Technology in 2016.
FCA green lights cloud technologies
We are constantly connected to the cloud (iPhone, DropBox, Google Drive just to name a few) and yet, in financial services, the adoption has been tremendously slow. In part, this is due to a lack of guidance from regulators, especially where cloud-based regulation technology is concerned. But finally there is forward progress.
Hungary’s central bank endorses instant payment infrastructure plans
Hungary’s central bank and regulator, Magyar Nemzeti Bank (MNB), is bringing a new instant payments system to the country. It will require “state-of-the-art IT and communication solutions in payments”.
Varo Money to launch bot and money coach, Val
Mobile banking app Varo Money is brining to market a chatbot and “money coach”, Val. Val is powered by Kasisto’s KAI Banking bot and “delivers insights into spending, savings, borrowing and helps people set goals as well as offer updates and encouragement about their progress”.
BNP Paribas trials blockchain payments for two corporate clients
BNP Paribas has processed “several live payments” using blockchain technology for two of its corporate clients, Amcor and Panini Group.
Euroclear and Paxos pilot blockchain gold settlement
Central securities depositary Euroclear and blockchain firm Paxos have completed the first pilot for Euroclear Bankchain, a new blockchain settlement service for London bullion due to go live in 2017. Over 600 OTC test bullion trades were settled on the Euroclear Bankchain platform over the course of the two-week pilot. Angus Scott, director, product strategy […]
Barclaycard breakthrough boosts UK boozer business
Pay @ Pump is a self-service beer pump that you can pay for contactlessly with your phone, enabling punters to get drunk more quickly than ever before, reports Scott Bicheno at Telecoms.com. The innovation was inspired by Barclaycard’s empathy for UK boozers who often have to wait for minutes for their next fix of lovely, […]
Why the Uberisation of the banking industry can’t come soon enough
Building emotional bonds with customers is a strategic imperative, and why the change programmes currently being undertaken at banks need to recognise the hidden lessons of Uber.
Challenger bank: Starling – purple reigns
UK challenger bank Starling talks about finding its niche and how it intends to prosper in an increasingly competitive space – all in preparation for its 2017 launch.
ABN Amro pilots blockchain in commercial real estate
Amsterdam-based ABN Amro Bank has launched a pilot to explore how its blockchain application Torch can be used in real estate transactions to record and exchange information. The bank says real estate transactions involve numerous parties, such as buyers, sellers, tenants, landlords, appraisers, notaries, banks, the Land Registry Office, the Chamber of Commerce and regulators. […]
Bankia Fintech accelerator opens up for fintech start-ups
Bankia Fintech by Innsomnia, the “first” incubator and accelerator in Spain, is calling for start-ups to submit applications. Spanish bank Bankia and Valencia-based fintech firm Innsomnia have teamed up, and are looking for five ideas, start-ups or spin-offs of consolidated companies to develop their activities in almost every area of the fintech industry. Jose Ignacio […]
A sea of penguins
I am blind as a bat, and there are times when it’s an advantage to be blind, or deaf, or even dumb to certain insults, certain situations, certain obstacles. Clearly it’s a double-edged sword because being deaf, dumb, and blind to impediments, pitfalls, and danger zones is just asking for disaster.
Top fintech stories this week – 16 December 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Australia offers world-first licensing exemption for fintech
Innovation Down Under gets jazzed up. The Australian Securities and Investments Commission (ASIC) has released class waivers to allow eligible fintech firms to test certain specified services without holding an Australian financial services (AFS) or credit licence. ASIC commissioner John Price says its fintech licensing exemption is “unique” and “no other major jurisdiction has implemented […]
Banking Technology Dec 2016 / Jan 2017 issue out now
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
Lending start-up Taplend launches in UK
Fintech start-up Taplend has launched in the UK offering a combination of peer-to-peer (P2P) and payday lending. Viktor Ihnatiuk, CEO and co-founder of Taplend, says: “This was a very long, hard and interesting year. We made three iterations of the product, tried to enter the US market twice and failed. We didn’t give up, switched […]
Wealthy stay healthy with Charles Schwab’s new hybrid advisor
US-based Charles Schwab has launched its Schwab Intelligent Advisory, a hybrid advisory service that combines people and a robo-advisor. Schwab Intelligent Advisory will provide investors with a financial plan, guidance from “certified financial planner professionals”, and a fully automated portfolio using algorithm driven technology. The service is expected to launch in the first half of […]
Face the ace for NEC and Sumitomo Mitsui cashless payments trials
Tokyo-based IT provider NEC Corporation is conducting trials for cashless payment services using NEC facial recognition technology in co-operation with Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Banking Corporation (SMBC) and Sumitomo Mitsui Card. The SMBC trials will continue to 30 January 2017, involving around 1,000 employees at the dining facilities of SMBC’s head office. […]
RegTech Futures: hipsters, hackers and hustlers – making innovative compliance a reality
At last week’s RegTech Futures summit in Amsterdam, organised by FinTech Futures and supported by Banking Technology, the potential of regtech innovators to re-imagine compliance – reducing the cost, creating more robust systems and creating new opportunities for deeper digitisation – was discussed in depth.
Innovate Finance launches new fintech start-up competition, Pitch360
Innovate Finance, a UK-based fintech membership association, has unveiled its first ever start-up competition, Pitch360. Open to applicants from around the world, Pitch360 offers a 360-second (six minute) pitch of a new business and product in front of a live audience of influencers, investors and media professionals as well as access to Innovate Finance’s member […]
Fintech funding round-up: 13 December 2016
Who is investing in what? Our latest fintech funding round-up, mercifully brief as usual. Featuring ApplePie Capital and Firepay.
Blockchain: a real opportunity for retail financial services
Given the pace of change and innovation underway in traditional industries it would take a brave person to predict how the finance industry will look in five years’ time, however I don’t believe high street banks will disappear and be replaced by online blockchain alternatives, the regulatory hurdles are just too high.
Fintech funding round-up: 12 December 2016
With so much fintech funding activity going on, we’ve summarised the latest fundraising efforts of start-ups. Featuring Lunar Way, FXCH and Polychain Capital.
