The service will allow customers of the participating banks to transfer funds using just the recipient's mobile phone number. Banks participating in the venture include the Bank of China (Hong Kong), Bank of Communications, the Bank of East Asia, China CITIC Bank International, China Construction Bank (Asia), Citibank, Dah Sing Bank, DBS Bank, OCBC Wing Hang Bank, Shanghai Commercial Bank, Standard Chartered Bank and Wing Lung Bank.

CaixaBank and its newly-launched mobile subsidiary imaginBank are to be the first in Spain to roll out mobile payments services on Samsung Pay.

With research showing UK businesses are owed a staggering £41.5 billion in late payments, the PACT Scheme is today launching to lead the fight against late payment. The average late payment burden shouldered by SMEs now stands at£31,901.

A New Year  and a different one

The world has changed since Sibos. What are the implications for FinTech?

ProPay and TSYS company, today announced that Tabs3 Software has integrated with ProPay to deliver a fully integrated client bill-pay solution for law firms. Law firms can accept debit and credit cards or electronic funds transfers with instant online signup and no need to enter payment data twice. There is no longer a need to wait days for traditional merchant account underwriting.

GFT, the leading provider of business, design and technology consulting to the investment banking community, today announces the appointment of John Downing, Enterprise Architect and Programme Manager.

John joins GFT with over 20 years’ experience as an entrepreneurial, pragmatic and successful enterprise architect and ProgrammeManager in treasury and investment banking.

Provenir, the risk analytics and decisioning solutions provider, today announces that fintech lender Oakam has chosen its platform to help it deliver rapid, accurate loan decisions to personal customers.  

 Startupbootcamp FinTech New York, the leading global FinTech accelerator, today announced new partnerships with Deutsche Bank, Route 66 Ventures and WilmerHale, further expanding the participation in its FinTech Accelerator program. The New York FinTech program welcomes them on board to provide expertise, exposure channels, APIs and access to a network of industry professionals, that most early-stage FinTech startups would not otherwise be able to access.

OneSumX FCC package assists financial institutions in combating financial theft and fraud as well as complying with regulatory reporting standards accepted in the industry. The solution supports operations in the following areas – Anti-Fraud, Anti Money Laundering, Anti Money Laundering (Asia), Currency Transaction Reporting, Customer Due Diligence, Enhanced Case Management, Governance, Know Your Customer.