10 February 2016

Latest News

Deutsche Bank paper calls for cooperation with fintechs on B2B services
Payments

Deutsche Bank paper calls for cooperation with fintechs on B2B services

7 hours ago  |  1546 views  |  0 comments | 1 tweets | 1 linkedin

Deutsche Bank has become the latest financial services giant to call on its industry to hug the hoard of upstart fintech rivals close, concluding that cooperation, not competition, is the wisest approach in the business-to-business payments arena.

NAB rolls out origination platform
Retail banking

NAB rolls out origination platform

8 hours ago  |  968 views  |  0 comments

In what it calls the biggest technology overhaul in its 123 year history, National Australia Bank (NAB) will this month begin rolling out a new origination platform for personal banking customers.

Linux Foundation's Hyperledger Project boasts new members and code contributions
Retail banking

Linux Foundation's Hyperledger Project boasts new members and code contributions

14 hours ago  |  1708 views  |  0 comments | 9 tweets | 12 linkedin

The Linux Foundation-led Hyperledger Project has signed up 30 founding members from the technology and financial services sectors, with several donating code to the effort to build a cross-industry open standard for distributed ledgers.

PayPal CTO Barrese quits; replaced by company vet Shivananda
Retail banking

PayPal CTO Barrese quits; replaced by company vet Shivananda

16 hours ago  |  1999 views  |  0 comments | 3 tweets | 2 linkedin

PayPal chief technology officer James Barrese is resigning, with his responsibilities being split between two company insiders.

Markit acquires syndicated loans tech from JPMorgan
Wholesale banking

Markit acquires syndicated loans tech from JPMorgan

18 hours ago  |  1669 views  |  0 comments | 2 tweets | 4 linkedin

Markit has acquired syndicated loan technology from JPMorgan in a bid to ease third party connectivity issues for market participants and shorten loan settlement timeframes. Financial terms were not disclosed.

Visa issues API to offer consumer control over card transactions
Payments

Visa issues API to offer consumer control over card transactions

21 hours ago  |  3990 views  |  0 comments | 16 tweets | 27 linkedin

Visa is to provide bank card issuers with an API to enable customers to set spending controls, receive transaction alerts and temporarily suspend their accounts with an on/off feature.

SIA signs letter of intent for EBA Clearing instant payments platform
Retail banking

SIA signs letter of intent for EBA Clearing instant payments platform

21 hours ago  |  2174 views  |  0 comments | 4 tweets | 7 linkedin

EBA Clearing has signed a letter of intent with Italian ACH SIA to develop a pan-European real-time payment system by the fourth quarter of 2017.

UK mobile P2P platform Paym reports growth in transaction volumes
Mobile & online

UK mobile P2P platform Paym reports growth in transaction volumes

22 hours ago  |  2949 views  |  1 comments | 16 tweets | 21 linkedin

The ability to transfer funds using just a mobile phone number is growing in popularity in the UK, as national P2P service Paym reports a near-doubling in transaction volumes over the past six months.

Tandem selects Fiserv Agiliti as IT backbone
Retail banking

Tandem selects Fiserv Agiliti as IT backbone

22 hours ago  |  2416 views  |  1 comments | 9 tweets | 5 linkedin

UK banking startup Tandem is taking a 'pay-as-you-grow' approach to its technology backbone, selecting Fiserv's on-demand Agiliti platform to provide the core infrastructure for its forthcoming launch.

Security experts warn of new breed of bank malware
Payments

Security experts warn of new breed of bank malware

09 February 2016  |  4601 views  |  0 comments | 8 tweets | 18 linkedin

A Russian hacking group is infecting bank IT systems with malware that lets it hide fraudulent ATM transactions by automatically rolling back the withdrawals so that balances appear unchanged.

UK sets out open banking API framework
Mobile & online

UK sets out open banking API framework

09 February 2016  |  9651 views  |  4 comments | 71 tweets | 69 linkedin

The UK government has thrown its weight behind a report calling for the creation of an open banking standard that makes it easy to share and use financial data, arguing that the move would improve choice for customers, promote competition and stimulate innovation.

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