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KBank and IBM Develop Blockchain-Based Letter of Guarantee Service

IBM and KASIKORNBANK Public Company Limited (KBank), one of Thailand's largest banks, today announced the launch of a new enterprise Letter of Guarantee network based on IBM Blockchain. The new solution is designed to help simplify and expedite procedures for KBank's Letter of Guarantee process, with the goal of improving the customer experience, strengthening security and reducing costs for clients and the bank.

Tuesday, August 8, 2017 - 07:49
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marcus evans to Host the 6th Tax Compliance for Financial Institutions Conference

marcus evans will host the 6th Tax Compliance for Financial Institutions Conference, November 8-9, 2017 in New York, NY. You will have the opportunity to join 60 of your peers who will discuss the best practices for executing internal strategies for total tax compliance. Along with tax compliance and information reporting professionals, you will explore practical applications to master CRS, FATCA, 305c, 871m, treaty benefits, Q1 agreements, and additional reporting requirements within foreign and domestic tax regimes.

Tuesday, August 8, 2017 - 07:46
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/news/security-and-compliance/marcus-evans-host-6th-tax-compliance-financial-institutions-conference
Monzo Apologizes for "Unacceptable" Outages

I sent the following email to all Monzo cardholders: I’m writing to apologise for the recent card outages you’ve experienced over the last week. 

Tuesday, August 8, 2017 - 07:26
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/news/banking/monzo-apologizes-unacceptable-outages
Chase Extends Agreement with OnDeck

JPMorgan Chase (NYSE: JPM) and OnDeck (NYSE: ONDK) today announced a contract extension to continue their collaboration on the bank’s digital small business lending product, Chase Business Quick Capital, for up to four years.

Tuesday, August 8, 2017 - 07:22
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/news/infrastructure/chase-extends-agreement-ondeck
RBS Organizes Technology and Innovation Committee

The Royal Bank of Scotland Group plc announces today that the Board has established a Technology and Innovation Committee with effect from 1 September 2017.

The Committee will be chaired by Alison Davis. Frank Dangeard and Yasmin Jetha have been appointed as members.

Howard Davies, Chairman, said:

Tuesday, August 8, 2017 - 07:13
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/news/infrastructure/rbs-organizes-technology-and-innovation-committee
Venmo Reveals QR Codes

Part of Venmo’s mission is to make it easier for you to pay your friends and family. Money can be awkward, and we want you to be able to spend less time thinking about it, and more time enjoying stuff that matters to you.

Tuesday, August 8, 2017 - 07:07
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/news/payments/venmo-reveals-qr-codes
SSP Appoints Steve Lathrope as CEO

SSP today announces the appointment of Steve Lathrope as Chief Executive Officer (CEO). SSP co- founder Laurence Walker, who has been leading the company since 2007, will resume the position of Executive Chairman. 

Tuesday, August 8, 2017 - 06:56
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Earthport Plc expands into Nigeria to enable inbound payments

Earthport (AIM: EPO), the leading payment network for cross-border transactions, is pleased to announce that it has partnered with Access Bank Plc, one of Africa's foremost financial institutions, to provide delivery of cross-border payment services into Nigeria.

Access Bank Plc is one of Nigeria’s leading financial institutions and has a strong focus on servicing the Nigerian diaspora.

Monday, August 7, 2017 - 12:07
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/news/payments/earthport-plc-expands-nigeria-enable-inbound-payments-0
Financial IT
WANTED: Unified Contactless Kernel at POS

Contactless/proximity payments are promising technology, bringing speed and convenience to the checkout counter. They are supported by pretty much all payment schemes – Mastercard has PayPass, Visa has payWave, American Express has ExpressPay, Discover has ZIP, JCB has JSpeedy, Interac has Flash, etc. This also includes support for NFC-based mobile payments (mainly using so-called ‘NFC card emulation mode’).

Monday, August 7, 2017 - 12:07
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A successful digital project could generate up to 41% of your corporate revenue by 2020

Research by the Gartner Group reveals that digital technologies already generate nearly 20% of corporate revenues, and this could reach 41% by 2020.

According to Sopra Banking Software every business and bank should be enthusiastic about implementing digital transformation, either to retain their place as leader, appeal to new customers, modernise their partners’ tools, or quite simply to adapt to key innovation.

Monday, August 7, 2017 - 11:57
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/news/banking/successful-digital-project-could-generate-41-your-corporate-revenue-2020

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