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Singapore bank OCBC has released an update for its mobile banking app that will allow users to command Siri, Apple’s in-built persona assistant, to help with banking tasks. Customers will be able to check their bank account balances, outstanding credit card balances and make instant payments to friends – as (more…).....
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Three major banks in Australia have rolled out the country’s New Payments Platform (NPP), a billion-dollar instant payments system in the works since 2012. Commonwealth Bank, Westpac and National Australia Bank are the first to take on the platform, which promises users that transfers can be made in less than (more…).....
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A massive 74% of all banks across the UK say they expect to eliminate human interaction from their retail banking services within the next decade. And a huge percentage, 83%, admit that they are not delivering the type of innovation and personalisation that their digital-savvy customers now demand. This comes (more…).....
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With the proliferation of new blockchain applications in the market,  Nvidia could benefit from the rising demand for graphics processing units (GPU). Distributed ledger technology (DLT), or blockchain, is becoming a staple in any innovation technology company, with many more uses than the widely-known Bitcoin cryptocurrency. As we recently reported, (more…).....
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Finastra is helping PT Bank Tabungan Pensiunan Nasional Tbk. (BTPN) unlock mobile banking services for Indonesia’s connected consumers. Finastra’s FusionBanking Essence Digital platform is behind BTPN’s Jenius digital bank to deliver a simple and safe way for locals to manage their money. Peterjan van Nieuwenhuizen, Head of Digital Banking at (.....
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London is attempting to keep its cyber security reputation intact with plans to invest ‘up to’ £14.5 million in a new innovation centre to develop the ‘next generation of cyber security technology’ to help keep the UK safe. To achieve this end a competition to develop the new centre has (more…).....
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Winners from London, Australia, South Africa, Ireland and Czech Republic set to demo their solutions to 200 Bankers. Deputy Finance Minister of Malaysia to be present at the awards ceremony. Kuala Lumpur, June 20, 2017– Powered by Matchi, BankTech Asia recently launched the Fin5ive Challenge to source five groundbreaking fintech (more…).....
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Cloud computing has reached a tipping point, with capabilities and cost efficiencies exceeding those achieved via in-house datacentres, according to a paper by The Depository Trust & Clearing Corporation (DTCC). This asserts that the capabilities, resiliency and security of services provided by cloud vendors has surpassed on- premise capabilities. As (more…).....
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$20 million…Citi has joined blockchain venture Axoni’s Series A funding round. The New York startup did not reveal the amount invested, but it is believed to be $2 million with the round now standing at more than $20 million. Citi lines up alongside the likes of Wells Fargo, NEX Group, (more…).....
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IBS Journal chats to Francesco Simoneschi, Co-founder, TrueLayer, which recently launched the private beta for its API platform IBS Journal: Tell us about yourself. Francesco Simoneschi: I am a serial entrepreneur, and partner of San Francisco-based VC firm, Mission Market. I previously co-founded Staq which was acquired by Upsight, and (more…).....
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Lockheed Martin, the world’s largest defence contractor, has signed up for a blockchain-based cybersecurity system. Lockheed is the first US-based defence firm to adopt blockchain as part of its security operations. In a blog post, the firm says the tech will allow it to “release more efficient software development.” It (more…).....
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UK FinTech AccessPay has entered its sixth year of trading with a £2 million funding injection and expansion plans. After securing a finance package deal with Clydesdale and Yorkshire Bank’s Growth Finance team earlier this month, the venture, which specialises in cloud-based payments technology, has put into motion a recruitment drive (more…).....
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