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Established 1995
Monday 30 May 2016

LATEST NEWS

Ormsby Street taps Deutsche Bank for German launch

FinTech startup Ormsby Street has launched its new credit-checking tool, CreditHQ, in Germany as part of a partnership with Deutsche Bank. The new solution allows small businesses to check the financial health and credit status of any customer or partner, and will be available to the small business customers of Deutsche Bank.

OakNorth the first UK cloud-based bank

OakNorth has become the first cloud-based bank in the UK after working with Amazon Web Services to drive the development forward along with the Financial Conduct Authority (FCA). The organisations have worked together for the last six months on policies such as access to data, business continuity, data protection and security provided by cloud systems.

DBS to launch voice biometrics in Singapore

Singapore’s largest bank, DBS, is planning to enable voice biometric authentication at its customer contact centre by the end of the year. The new technology will aim to reduce the time customers spend on authentication between 20 and 40 seconds, as there will be no need to remember passwords or answer security questions.

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Enterprise Ireland opens €500k FinTech fund

Enterprise Ireland has launched a new €500,000 Competitive Start Fund (CSF) to stimulate FinTech startup activity in the country. Mary Mitchell O’Connor, the Irish minister for jobs, enterprise and innovation, unveiled the initiative as part of the government’s IFS2020 strategy. The move will see Enterprise Ireland provide up to €50,000 in equity support for each successful applicant.

Consumers ‘willing to be tracked’ for payments

Six out of ten UK consumers would be happy for their bank or credit card provider to track their mobile phones in order to confirm card transactions are genuine, new research from Equifax and Gorkana has claimed. However, despite the growing use of biometric solutions to verify a customer’s identity, the survey found that 48 per cent of people would still prefer to use passwords for making online transactions – ahead of fingerprints (42 per cent), voice recognition (5 per cent) and selfie authentication (3 per cent).

Apple Pay expands further in Singapore

Apple Pay is now available to the customers of five major banks in Singapore, representing 80 per cent of Visa and MasterCard credit and debit cards issued in the country. Apple Pay was first launched in Singapore a month ago, but was limited only to American Express cards. The digital wallet will now be available to customers from DBS, OCBC, POSB, Standard Chartered and UOB

Central & eastern Europe card usage to grow

Payment cards are used far less frequently in central and eastern Europe (CEE) than western Europe, where they are used on average twice as often as those in CEE. However, new research from RBR indicates that there is significant potential for an increase in card usage across CEE. Consumers in CEE are still relatively traditional when it comes to credit and debit cards

BBVA signs cloud tech deal with Red Hat

BBVA has announced a strategic collaboration with open source solutions provider Red Hat, aimed at accelerating the bank’s technology-driven innovation process. The agreement follows a series of alliances formed by BBVA, and will help the bank manage the growth of financial transactions on digital devices and deliver digital banking services to its customers.


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Card Payments
Card Payments

Michelle Stevens talks to Carl Churchill, the MD of NetPay, about technology trends in the payments industry and the company’s expansion plans

The Aspect Debate
The Aspect Debate

Michelle Stevens discusses customer communication and security in banking automation with Guy Cooper

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