Social media

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/startups

Neobank 11Onze builds private social network for customers

Catalonia digital community bank 11Onze has launched its own money-focused, Facebook-like private social network for customers.

/payments

Nedbank and Mastercard team on WhatsApp payments for small businesses

South Africa's Nedbank has teamed up with Mastercard and local fintech player Ukheshe to let customers pay small businesses via WhatsApp.

/security

TSB calls on tech platforms to tackle scam adverts

With fraud Britain's fastest growing crime, TSB is calling for banks to publish their reimbursement rates and for tech platforms to do more to remove scam adverts.

/payments

Clubhouse adds payments

Audio-based social media startup Clubhouse has enlisted Stripe to add a feature that lets users send money to speakers.

/crypto

Signal begins beta tests of payments feature

Fast growing messaging app Signal has begun beta tests in the UK of a P2P payments service, initially utilising a proprietary cryptocurrency from MobileCoin.

/payments

Facebook tests QR code-based P2P payments

Facebook has begun trialling QR code-based person-to-person payments and personalised payment links.

/security

Fraudsters run riot as search engines fail to adequately protect users from scams, Which? reveals

Fraudsters are being left to run riot online as search engines leave victims exposed to sophisticated scams that are costing them huge sums of money and often devastating their lives, a Which? investigation has revealed.

/crypto

Bottlepay goes live with bitcoin Twitter payments

Digital payments app Bottlepay has gone live with its first fiat-to-crypto social media feature, enabling users to send and receive bitcoin via Twitter.

/retail

Tinkoff integrates voice chatbot Oleg into Clubhouse

Tinkoff has integrated its assistant Oleg into Clubhouse, making it the first voice assistant, speech recognition and synthesis solution available in this audio-chat social network.

/crime

Clamour grows to add financial scams to UK 'Online Harms' bill

UK Trade organisations, consumer groups and a senior MP have joined forces to call on the UK government to reverse its decision not to include online scams in its new 'Online Harms' bill.

/retail

Axis Bank launches WhatsApp banking channel

India’s third-largest private sector bank, Axis Bank is embarking on a partnership with the popular chatting app – WhatsApp – to offer basic banking services to its customers. This will allow customers to seek information regarding their account balance, recent transactions, credit card payments, fixed and recurring deposit details, besides getting their queries answered in real-time.

/markets

SIX acquires majority stake in social media analytics vendor Orenda

Swiss IT services house SIX has taken a majority stake in Orenda Software Solutions, a Canadian-based AI platform specialising in ESG and alternative data sets.

/crime

Starling's Boden criticises government over Online Harms bill

Starling boss Anne Boden has called on the UK government to reverse its decision not to include financial fraud in its new 'Online Harms' bill, arguing that banks "seem to have become the underwriter" of all kinds of fraud, giving other players, such as social media platforms and telcos, a free pass.

/Social media

Absa registers 10,000 customers in first four months for for chat banking on WhatsApp

More than 10 000 customers have registered since Absa launched its secure, private and fully integrated ChatBanking on WhatsApp service on 11 July 2018.

/retail

Line launches 'social banking' platform in Thailand

Tech giant Line has begun offering integrated banking services to people in Thailand through its hugely popular social media platform.

/payments

Icici lets firms access trade finance services via WhatsApp

Customers of India's Icici Bank can now create fixed deposits, pay utility bills and access trade finance services through WhatsApp,

/Social media

Avaloq launches social messaging app

Avaloq, a leader in digital banking solutions, has launched the Engage app, a solution that allows wealth managers and advisers to engage with clients through social messaging channels such as WhatsApp and WeChat in a secure and compliant manner.

/wealth

Sberbank opens Telegram channel for retail investors

SberInvestements, a new channel for newcomer and experienced investors has been launched on the Telegram social media.

/crime

Barclays reports sharp rise in recruitment of young money mules

Criminals are targeting cash-strapped students to act as money mules, with the number of under-21s being recruited to launder money tripling in the past three years, according to figures from Barclays.