The rapid growth of digital banking has driven increased customer engagement, the latest figures from the Halifax Digital Dashboard show. In June, the number of customer interactions with Halifax stood at 69 million visits, which equates to 2.3 million interactions per day and nearly 1,600 every minute. This is an increase of nearly half (47%) from the 47 million in the same month in the previous year.
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ntelligent Environments, the leading provider of digital financial services software, and Atom – the UK’s first digital-only bank – are partnering to deliver to the market a unique mobile banking solution.
Atom will be deploying Interact®, Intelligent Environments’ market leading secure software platform to underpin their customers’ digital experience. This digital only solution is entirely unique within the UK banking market. Atom Bank will implement Interact® across iOS, Android and Windows.
DigiSEq has developed the technology to remotely personalise wearable devices for contactless payments. DigiSEq is the first to have developed this technology and gained approval from MasterCard using the M/Chip™ Advance payment application. DigiSEq’s solution securely delivers consumer payment credentials into wearables, such as watches, bracelets, and key fobs, enabling users to make contactless payments immediately after purchasing the wearable device.
Nasdaq (Nasdaq:NDAQ) announced that its US-based Nasdaq Futures, Inc. (NFX)will officially launch today. The platform will initially offer futures and options on oil, natural gas and US power benchmarks, with a fee holiday for the first nine months of trading.
SETL today announced its plans to deploy a multi-asset, multi-currency institutional payment and settlements infrastructure based on blockchain technology. The SETL system will enable market participants to move cash and assets directly between each other, facilitating the immediate and final settlement of market transactions. The SETL system maintains a permissioned distributed ledger of ownership and transaction records, simplifying the process of matching, settlement, custody, registration and transaction reporting.
I was sitting the other day thinking about the good old days.
In the good old days, if something was big and challenging, banks would get together and create a co-operative to solve the problem. SWIFT, Visa and MasterCard were all bank created co-operatives. Admittedly, times have changed and now Visa and MasterCard are private entities, but originally they were created to solve problems that a single bank could not tackle like making global payments and processing billions of card transactions.
Aon plc (NYSE: AON), the leading global provider of risk management and human resource consulting and
The new board will be chaired by Eileen Mercier, who will be supported by a carefully recruited team of accomplished Canadian and international payments, public policy, business and technology experts. The new board will help lead the CPA as it implements its strategy to modernize Canada's core national payments infrastructure as part of its overall vision to be the centre of excellence for payments in Canada.
IBM (NYSE: IBM) today announced the acquisition of San Mateo, CA-based Compose, Inc., a privately held company that provides MongoDB, Redis, Elasticsearch, PostgreSQL, and other database as a service (DBaaS) offerings targeted at
First Financial Bank, N.A., a subsidiary of First Financial Bancorp (Nasdaq: FFBC) (collectively "the Company" and "First Financial"), signed a definitive agreement to acquire Oak Street Holdings Corporation ("Oak Street") for $110 million in cash.