The new business models of banking
Analysis of three alternative business models for the banking industry.
PayTech
Mastercard drops Earthport bid for Transfast acquisition
The firm will now get this cross-border account-to-account money transfer network instead.
FSS takes stake in Africa’s Ecentric Payment Systems
Paytech acquires 46% stake as part of its African expansion plans.
NatWest prepares biometric card pilot
The bank will trial fingerprint technology-enabled cards with Gemalto.
Starling Bank enters Moneyhub’s payment gateway
“The first challenger bank to support PSD2 PISP legislation.”
Bank of England orders Visa to fix outage issues
The bank’s action follows the pan-European incident in June 2018.
US Senate attacks lax Equifax cybersecurity defences
Senate reveals investigation into 2017 data breach that affected 146 million US consumers.
UK fintech regulator puts bigger fines on the menu
FCA confirms increase in Financial Ombudsman Service award limit.
State Bank of India selects FSS for one nation of payments
One nation, one card, one deal, one story. Too much? One can’t say.
Ibanera signs for iSignthis banking and payment tech
iSignthis’ subsidiaries Probanx and BSS will provide CorePlus and CoreConnect systems.
Omidyar Network releases fintech venture fund with Flourish
New firm Flourish launches evergreen fund backed by founder of eBay.
Swift gives short shrift over RBI penalties to Indian banks
It says the failures lie with automated payment processes at the banks.
SoftBank and Microsoft power Grab’s $4.5bn funding frenzy
Other investors in its current Series H funding round include Toyota, Hyundai, Ping An, and Yamaha.
HSBC launches PSD2 developer portal
Developers can test APIs for three services.
Blockchain outfit SETL files for bankruptcy
UK payment and settlement infrastructure provider calls in an administrator.
Wave acquires Canadian SME account provider Every
Software firm plans to integrate more financial products and services.
Mexico mulls mobile payments system with Amazon
Nation’s central bank in talks with tech titan.
Mobi Direct picks Worldline for Pakistani payments
The PSP/PSO aims to modernise paytech in the country.
PFS acquires Barclaycard prepaid card portfolio
Plans to offer an “enhanced” service to payroll and corporate clients.
Crypto boosted by Russia’s digital rights bill
The State Duma edges the nation towards cryptocurrency legislation.
Singapore regulator’s new tech group targets risky business
Monetary Authority of Singapore makes some changes and gets truly focused.
State Bank of India and Hitachi launch JV for payments
They plan to “penetrate into hitherto untouched Indian towns and cities”.
PayTech Awards 2019: celebrating most innovative projects and services
Enter the Awards by Friday, 5 April!
The forgotten faces of diversity: the invisibles
To be successful, diversity and inclusion must start from within – and it must be built into the culture.
How new AML tech is freezing the fraudsters
Over 90% of UK current accounts are now covered by the new Mule Insights Tactical Solution (MITS).
End of days as Barclays brings bPay into Pingit
bPay struggled to get users in the cutthroat world of mobile payments.
Moorwand picks ClearBank’s Banking-as-a-Service
Trying to address the confusion around BIN access and other payments.
WorldFirst acquires CurrencyVue to develop trade platform
The acquisition will help its foreign exchange capabilities.
Personal finance app HyperJar preps for spring launch
UK-based firm readies for HyperJar-space with select pilots.
equensWorldline launches pan-European interoperability solution for payments
It’s based on the European Payments Council’s SEPA Proxy Lookup service.
The biggest development since the Euro: how ISO 20022 will transform payment market infrastructures
ISO 20022 is an all-encompassing force that will irrevocably alter the payments space for the better.
Figo and Finreach join forces
Will offer a joint European Software-as-a-Service API platform for finance.
Signifyd unveils chargeback solution for merchants
“Friendly fraud” meets a feisty foe.
Open banking – build it and they will come?
It is the innovative data wranglers that will decide the success of open banking.
TAS Group acquires AI outfit Mantica
Gets its hands on AI and machine learning models for banking and fintech.
Yolt tests out payments with UK banks
ING-backed money app on a high on the high street.
Video: fintech news weekly round-up – 4 March 2019
Featuring N26, South Korea, Brex and TymeBank.
New Zealand heads to open banking
Governance organisation Payments NZ reveals first API standards.
Pay.UK officially brings payment brands under one roof
Bacs, Faster Payments, and Cheque and Credit Clearing are now part of Pay.UK.
