FinTech & Banking

By TheBankingPractice Ltd. | From London by @BankingPractice

Blockchain technology is moving into the financial mainstream with IBM and seven European banks

IBM is building blockchain technology that will be used by seven of Europe's largest banks, including HSBC and Rabobank, to facilitate international …

FinTech

Deloitte’s Dublin lab is in the middle of a blockchain reaction

The building blocks of blockchain that will impact a variety of industries, not only finance, are being formed in a new Deloitte blockchain lab in …

Bitcoin

Smart Contracts – From Ethereum to Potential Banking Use Cases Whitepaper

With contributions from Zerado, FinTech Network have produced a whitepaper that looks at smart contracts and how they could improve efficiencies …

Bitcoin

Bank of England Deputy Governor Hogg to Leave at End of Week - Bloomberg

Bank of England Deputy Governor Charlotte Hogg will leave the bank this week, which probably means the Monetary Policy Committee will be one member …

The Future of Financial Services special report published in The Sunday Times

Published in<p>Report<p>Future of Financial Services<p>Apr, 2017<p>Download<p>Summary<p>Just 20 per cent of finance executives feel their organisation is ready to …

Credit card with a fingerprint sensor revealed by Mastercard

<b>A payment card featuring a fingerprint sensor has been unveiled by credit card provider Mastercard.</b><p>The rollout follows two successful trials in South Africa.<p>The technology works in the same way as it does with mobile phone payments: users must have their finger over the sensor when making a …

Carney's Diversity Pledge Falters as Women Quit Bank of England - Bloomberg

The Old Lady of Threadneedle Street is looking a little short of female company.<p>The Bank of England is losing four of its top women this year after …

Security Vendors Find Banking Malware, Spyware on Google Play

Today’s topics include potentially harmful applications on the Google Play mobile app store, Oracle releasing its largest security update to date, …

Windows Server

Blockchain Technology Startup Humaniq Raises $3.8M and Signs Contract With Deloitte

LONDON, April 21, 2017 /PRNewswire/ --<p>Blockchain technology startup <b>Humaniq</b> and global auditing firm <b>Deloitte</b> join forces.<p>Humaniq is on a mission to …

BBVA Taps Blockchain to Make International Payments in Seconds - Bloomberg

Blockchain may finally be moving out of the lab and into the marketplace.<p>Banco Bilbao Vizcaya Argentaria SA, Spain’s No. 2 lender, has executed its …

More UK-based FinTech unicorns than in the rest of Europe combined

<i>FinTech: Anything but alternative</i> reveals that the UK has four of these ‘unicorn’ companies, with a combined value of $18.5bn (£14.4bn), while Sweden …

Philip Hammond

Financial services jump into new fintech

The majority of global banks, insurers and investment managers intend to increase their partnerships with financial technology (fintech) companies …

World’s Best Cities to Launch a Fintech Firm: Deloitte Report

The report examines 44 global cities that are most conducive to fintech innovation<p>(Image: ThinkStock)<p>Deloitte published in April an interim report on …

BMO Harris Bank Launches FinTech Partnership Program with 1871

<i>Select group of Chicago-based FinTech startups to participate in a three-month mentorship program</i><p>CHICAGO, April 21, 2017 /PRNewswire/ - BMO Harris …

Using Fintech Regulations Might Hamstring The Big Brands

Entrepreneurs often complain that federal regulations of the finance industry impede radical advances in technology. Venture capitalist Adam Boyden …

Advice for Fintech Companies Working with Banks

April 21, 2017<p>For any fintech company that is just beginning to work with banks, the experience can at times be frustrating if ultimately rewarding. …

Regulation of Fintech in Canada

April 20, 2017<p>This article provides Fintech startups and investors with an overview of the regulatory framework that applies to the Fintech industry …

Retail banking growth engine

To discuss the Deloitte RBGE in more detail and how it would fit the needs of your bank please contact:<p>Partner<p>Daniel Kobler is a partner and one of …

Big banks take on ultimate omnichannel challenge: Mobile mortgages

The way Bank of America’s John Schleck tells it, bringing mortgage applications to mobile devices — a new frontier for banks like B of A, CIBC and …

Mortgages

ANZ Bank in process automation push

Latest big Aussie org to join drive.

Automation

The issue is that digital needs to get into banks: DBS Bank’s Neal Cross

As managing director and chief innovation officer, Neal Cross spearheads the digital drive and innovation agenda of Singapore-headquartered DBS Bank …

Banking

Lloyds bank bailout repaid in full, says Philip Hammond

UK chancellor says taxpayer has now recovered every penny of the £20.3bn bailout of 2008 with its one-time stake of 43% very soon to fall to zero<p>The government has recouped the £20.3bn it ploughed into Lloyds Banking Group during the financial crisis, the chancellor has said.<p>Just days after …

Philip Hammond
World News

FinTech Accelerator

As announced in the Governor’s June Mansion House speech the Bank has set up a FinTech Accelerator, working in partnership with new technology firms …

Applications open for Bank of England’s FinTech Accelerator; focus on big data and blockchain

The Bank of England has announced that the online application process for its FinTech Accelerator programme is now open and is inviting fintech firms …

U.S. House banking chairman unveils Dodd-Frank replacement

WASHINGTON (Reuters) - The head of the U.S. House of Representatives' banking panel has unveiled the Republicans' most ambitious plan so far to loosen financial regulations, a 600-page bill to replace the Dodd-Frank financial reform law.<p>Representative Jeb Hensarling, who chairs the House Financial …

U.S. Congress

For Goldman, the Fintech Revolution Can’t Come Soon Enough

Goldman Sachs’s internal technology revolution cannot come soon enough.<p>The Wall Street firm’s young online retail-banking unit is growing and could, once big enough, crank out far higher returns than the investment bank. Goldman could do with some of that extra juice.<p>At 11.4 percent, Goldman’s …

Goldman Sachs