IBS Journal brings you the week’s most popular banking technology stories. Warning: If you’re not into Sibos 2016 and blockchain, avert your eyes now… Sibos 2016: Regulation key to the future of finance Sibos 2016: Instant payments “the new normal” …
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Deutsche Bank has opened a Digital Factory in Frankfurt, where around 400 software developers, IT specialists and financial experts will work together to develop digital products, with FinTechs also in the mix. The FI, which has similar tech centres in …
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IBM is to buy US headquartered risk management and regulatory compliance consulting firm Promontory Financial Group. Terms of the deal, set to close in late 2016, have not been disclosed. IBM says that it will be launching new Watson (its …
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First National Bank of Pennsylvania has upgraded to the latest version of Fiserv’s Mobiliti Advantage mobile banking and payments platform. The US bank has also become the first Mobiliti client to integrate card control capabilities into its mobile app. “In …
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Calastone has established direct connectivity with Shenzhen Securities Communications Co. (SSCC), a fully-owned subsidiary of the Shenzhen Stock Exchange. It becomes the first financial technology firm that can offer direct SSCC connectivity to financial institutions in Hong Kong participating in …
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Commerzbank, Germany’s second-largest lender, is set to cut as many as 9,600 jobs over the next four years. The bank has said that by the end of 2020 it is hoping to “sustainably” increase its profitability, and that it will create …
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D+H and Rabobank have announced the execution of a DLT proof of concept showing that the former’s payments services hub, together with Coin Sciences’ multichain blockchain solution, is able to execute cross-border payments in near real-time for the FI. Rababank …
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UK digital only challenger bank Monzo has launched version 1 of its Android app, to sit alongside its iPhone offering, which it rolled out last year. The new entrant recently received news from the Bank of England that it had …
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CGI has become the first firm to implement the Ripple Validator Node, helping to put blockchain tech into production. Ripple validators are servers used by the Ripple network to confirm transfers, while the Validator Node will provide banking clients with …
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Citi is to join Early Warning’s clearXchange network in early 2017, enabling its online and mobile banking customers to send or receive real-time P2P payments to or from customers of participating network banks by using the recipient’s mobile number or …
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Bitcoin exchange Bitso has raised $2.5 million in investment, aiming to make it easier for the underbanked in Mexico to get access to financial services. One major backer is the Mexico-based Monex Group, which conducted more than $160 billion in …
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A new report from Europol has outlined how Bitcoin is still the currency of choice for criminals, marking another stain on the cryptocurrency’s reputation. Payments of ransoms arising from malware attacks are almost exclusively in Bitcoin form. High-value targets are …
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Six in ten Brits can’t name the iconic figures on the back of English banknotes, according to Barclaycard research. In the latest of a long, long line of surveys thrown out by the banks and card schemes to convince us …
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