Banking

Visa Europe and Roland Berger Strategy Consultants To Open a Hub In Berlin

Visa Europe Collab and Roland Berger Strategy Consultants are opening a digital innovation hub in Berlin-Kreuzberg in Autumn 2015. Read more »

Saxo joins forces with JustGiving to support the Alberto Contador Foundation

Saxo Bank, the online multi-asset trading and investment specialist, today announces a major partnership with JustGiving, the global online social platform for giving. The partnership will support the fundraising efforts of the Alberto Contador Foundation, a charity set up by Alberto Contador, the professional cyclist and seven times Grand Tour winner. Read more »

Barclays To Expand Its Cheque Imaging Service To Android Phones And iPads

Barclays is to roll out its mobile cheque imaging service to Android phones and iPad users, bringing the service within reach of one million more customers. Since the launch of cheque imaging a year ago, nearly three quarters of a million pounds have been deposited by the 30,000 Barclays iPhone users who have subscribed to the service.  Read more »

Banks Are Adopting Biometrics As An Authentication Method For Mobile Services

Banks are rapidly adopting biometrics as an authentication method for mobile services and are willing to cooperate to provide customers with a common interface, according to a survey from the Mobey Forum. Of 235 respondents from financial institutions and solutions providers in Europe, North America and the Middle East, 22% currently offer biometric authentication for access to mobile services. However, this is set to rise to 65% in the near... more Read more »

US Banks To Spend $16.6bn On Digital Transformation

American retail banks will spend $16.6 billion on "digital transformation initiatives" this year, according to research from IDC Financial Insights. As the retail banking delivery model is upended, financial institutions will increasingly focus their budgets on digital transformation, with spending growing at a compound annual growth rate of 10.4% into 2019, predicts IDC. This compares to a growth rate of just 3.9% for overall IT spending by US... more Read more »

Citi Upgrades Mobile App For U.S. Clients

Citi announced today the release of its completely redesigned Citi Mobile® App for iPhone® in the U.S. The new app for consumer banking and credit card customers enables the use of the Touch ID feature on iPhone devices, integrates with Apple Watch™ and adds new features responding to customer feedback and changing behaviors. Citi redesigned the app, consolidating menus, delivering effortless browsing, and introducing a new, simplified... more Read more »

Western Union To Expand Money Transfers With Bansefi Mexico

As part of its continued commitment to the Mexico market, The Western Union Company (NYSE: WU), a leader in global payment services, and state-owned Banco del Ahorro Nacional y Servicios Financieros, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo (BANSEFI), today announced an agreement to expand access to inbound money transfer services under Western Union, Vigo and Orlandi Valuta brands throughout the country. Read more »

French Fintech Startups Bended Together

Thirty six fintech startups in France have banded together in a bid to foster a national ecosystem for innovation in financial services. The creation of of the France Fintech group has been welcomed by Government ministers who are concerned that the country is getting left behind by more organised structures for the promotion of startup innovation by other centres such as London and new York. Read more »

Payments Council Changed New Trade Association

Payments UK succeeds the Payments Council, which oversaw the successful roll out of mobile payments tool Paym, the Current Account Switch Service and Faster Payments. However a bungled attempt to abolish cheques prompted the government to move to rein in the self-governing body. In its new role, Payments UK says it will work closely with the Payment Systems Regulator (PSR) in its remit to promote competition and innovation across the sector. Read more »

Fiserv Clients Recognized by Retail Banker International for Strategy and Innovation

 Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that four of its clients received recognition at the Retail Banker International Awards 2015  for initiatives executed in conjunction with FISERV. The successful banks and their winning categories include: Westpac Banking Corporation for IT Innovation of the Year, HSBC Mexico for Latin American Retail Bank of the Year and PNC Bank... more Read more »

Western Union To Suspend Its Money Transfer Operations In Greece

Western Union is to suspend its money transfer operations in Greece as the crisis-wracked country reels from an overnight Government decision to shut all banks and the stock market for six business days and impose restrictions on cash machine withdrawals. Read more »

China Construction Bank and Euroclear sign MoU to foster offshore RMB growth

Euroclear Bank, the Brussels-based international central securities depository (ICSD), and China Construction Bank (CCB) have today signed a Memorandum of Understanding (MoU) to further develop the offshore Renminbi (RMB) capital market.  CCB Chairman Wang Hongzhang, Euroclear group Chairman Marc Antoine Autheman, and Euroclear Chief Technology and Services Officer Lieve Mostrey attended the signing ceremony, joined by the Prime Minister of the... more Read more »

Lloyds Banking Group Recognised UK’s Digital Leader

The 2015 Digital Leaders 100 list honours the highest digital achievements from across the UK’s public, private and non-profit sectors, celebrating individuals and organisations which are leveraging digital to transform the UK’s public services and its social and economic opportunities. Read more »

Newest UK Bank Atom Chooses Global Tech Giant FIS To Offer Digital Banking

Atom, the designed for digital challenger to the UK banking market, is partnering with FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, to serve banking customers on the go. Read more »

Development Bank of the Philippines Chooses Polaris and Kaisa To Transform Its Core Banking Operations

Polaris Kaisa, a joint initiative between Polaris Consulting & Services Ltd, a leader in digital transformation solutions & services and Kaisa Consulting, today announced that the Development Bank of the Philippines (DBP), one of the largest Government Financial Institutions (GFI) in the Philippines has chosen to implement Intellect Digital Core (Core Banking Solution) to transform its core banking operations. Read more »

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