Digital Banking + FinTech

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Misys boss to lead fintech giant after merger with DH

The boss of banking software firm Misys is to take the helm of a new £1.7bn company called Finastra that has been formed from the British company's merger with Canadian rival DH Corp.<p>Nadeem Syed has been named chief executive of the giant fintech business, which is owned by Vista Equity Partners …

FinTech

Barclays' Techstars Is Quietly Building A Fintech Empire | International Business Times

Since the dawn of fintech, London’s historic financial hub has been the beating heart of the scene’s niche ecosystem. But in a post-Brexit economy, …

FinTech

Fintech bill secures important backing

- +<p>The Fintech Association (TFA) has thrown its support behind a draft bill on fintech, saying the law will help pave the way for infrastructure and …

What We Can Expect From The Future Of Hong Kong's Fintech Scene

One of the buzzwords in the startup community for the last several years has been “fintech.” This hot topic covers a broad subject area but the actual meaning of the term is often not fully understood. What is clear is that Hong Kong remains one of the most prominent financial centers in the world …

FinTech

THE FINTECH PROFITABILITY REPORT: Why fintechs are struggling to turn a profit, and the hurdles they must overcome to see success

<i>This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.</i><p>Most fintechs, even the unicorns, aren't profitable.<p>Despite having innovative ideas and live products that are successfully disrupting the …

FinTech

Blockchain: the rise of new economy

<b>The St. Petersburg International Economic Forum 2016 recognised blockchain as one of the ten most promising technologies globally, as it can</b> …

Nigeria occupies 7th place on PoS transactions in Africa

Technology | Technology<p>By Chike Onwuegbuchi | 07 April 2017 | 4:26 am<p>Nigeria occupies seventh position among African countries where the use of point …

Japan: Major bank Sumitomo developing biometric ID fintech software

MEGABANK Sumitomo Mitsui Financial Group has announced their research and development division is working on an identification verification software …

Lloyds Bank to shrink hundreds of branches in size

<b>Lloyds Bank has announced plans to shrink hundreds of its branches in size, in some cases boarding up the old counter sections.</b><p>The new "micro …

Want Mobile Banking Users? Eliminate the Login

Users will access their mobile and online banking accounts more frequently, even twice as often, if they don’t actually have to complete the login …

Banking

Say Goodbye to the Bank Teller

By Jemima Kelly<p>LONDON (Reuters) - Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three …

Will Fintech Startups Disrupt Banks?

Fintech has become a buzzword today, and lots of investors are happy to invest in startups which promise to disrupt the traditional banking industry. …

Wells Fargo says all its ATMs soon will take smartphone codes, not just cards

Wells Fargo plans to upgrade all 13,000 of its ATMs next week to enable customers to access their funds using their cellphones instead of traditional …

Australian banks lead world in digital race

Australian banks are outperforming their peers in North America and Europe as the transition to digital services rolls out but a new report has found …

3 Gaps in Banking That Fintech Firms Have Filled

Gone are the days when fintech and banks were seen competing against each other. No longer do we see gloom doom statements questioning the stability …

Digital Disruption Has Arrived In FinTech

ClearBank launched on February 28th in London<p>ClearBank, the first new clearing bank to be authorized in the UK in over 250 years launched on February 28th. This is one of the most exciting new FinTech launches with significant implications for the financial services ecosystem, though I must warn …

FinTech

How fintechs are using AI to transform payday lending

Fintech startups looking to disrupt payday lending are using artificial intelligence to make loans with rates as low as 6% and with default rates of …

FinTech Fund To Pour $141 mln to Aid “Financial Inclusion” in Emerging Markets

Fintech inclusion pool Accion Frontier Inclusion Fund has announced it has raised $141 mln from major global sponsors to improve finance access in …

Monzo: A digital bank that's wowing its users

(CNNMoney) Not many banks have a cult following. Monzo is a rare exception.<p>More than 100,000 Brits have signed up for the smartphone bank that claims …

This FinTech CEO Is Making Money Instantly Available Anywhere In The World

<i>Creamfinance Co-Founder and CEO Matiss Ansviesulis (Photo courtesy of Creamfinance)</i><p>The consumer financial services industry currently boasts a $33.5 billion market cap globally, supplying consumers with various loans and lines of credit.<p>For years, the most common and accurate way of indicating …

FinTech

RBS to become fintech fund and high street outlet for challenger banks under HMT remedy

The UK Government is proposing a package of measures worth £750 million which would transform state-...

Banking

FinTech in New Zealand Set to Boost Economic Growth

[…]The post FinTech in New Zealand Set to Boost Economic Growth appeared first on CryptoCoinsNews.

New Zealand

Fintech opportunity knocks but risks are also rising

Scotland is well-placed to be a winner from the huge technology shifts under way but the pace of change means it can’t be complacent, writes Perry …

FinTech

Banks Look to Cellphones to Replace A.T.M. Cards

But of course, any new financial technology brings with it new security holes.<p>For decades banks have battled “skimming,” in which criminals sabotage …

Why Digitization is the Future of Consumer Financial Services

Ubiquitous mobile devices and insatiable consumer insistence on convenience position mobile banking platforms for endless growth.<p>The Federal Reserve recently studied 50,000 US residents and their Consumer and Mobile Financial Report found, somewhat unsurprisingly, that mobile banking is on the …

Banking

UK Government Grants Permission to Issue Blockchain-Based Currency

The Financial Conduct Authority (FCA), a regulatory body of the UK government, granted local London-based Blockchain startup Tramonex a Small …

FinTech

Half the world’s population will use digital banking by 2021

By 2021, nearly three billion users will access retail banking services via smartphones, tablets, PCs and smart watches — up 53 per cent from this …

Banking

New hub to support fintech entrepreneurs

<b>Scotland's first financial technology business accelerator is to open its doors to entrepreneurs in May.</b><p>The new fintech hub will operate from an entrepreneurial centre set up a year ago at Royal Bank of Scotland's headquarters in Edinburgh.<p>Backed by both the UK and Scottish governments, it will …

Bank of America tests totally automated, employee-free branches

Bank of America Corp has opened three completely automated branches over the past month, where customers can use ATMs and have video conferences with …

Banking