EU Referendum ‘Leave’ vote: industry reaction
The UK public has voted to leave the European Union by 52 per cent to 48 per cent. FStech rounds up initial reaction from the finance and technology sectors
FIs set to invest $1bn in blockchain in 2016
Financial service firms and technology providers will spend more than $1 billion on blockchain development in 2016, according to a new report from Greenwich Associates. This investment highlights the race to bring distributed ledger technology (DLT) to capital markets, said the research, which assessed the growing adoption of blockchain across banks, brokers, asset managers, exchanges and blockchain technology firms.
ABN AMRO enables Whatsapp payment service
ABN AMRO has unveiled Tikkie, the first payment app to allow consumers to send payment requests via Whatsapp. The app processes requests through Holland’s payment platform iDEAL and can be used by clients with a current account at any Dutch bank. Users will be able to enter the amount through the Tikkie app and then select a person from their Whatsapp contacts from whom they wish to receive payment.
Payments Awards 2016 – deadline extended
The deadline for this year’s Payments Awards has been extended to 6 July, so there is still time to submit your organisation’s entries. Now in their fourth year and hosted in partnership with FStech and Retail Systems, there are 24 categories to choose from, with four new awards up for grabs, including Clearing/Settlement Initiative of the Year, Best International Money Transfer Solution, and Lending Initiative of the Year.
Halifax releases spending comparison tool
Halifax has launched a new online feature allowing customers to compare their spending habits with people similar to themselves across the UK. Called ‘People Like You’, the tool allows users to look at comparable data for their current spending and saving, as well as what those figures may look like when they are older or if they move to a different area.
Zopa selects new fraud prevention technology
The UK’s first peer-to-peer lender Zopa is to deploy Sphonic’s Workflow Manager (WFM) solution for real-time fraud detection. The system acts as a ‘context broker’ that leverages data points from more than 50 major data vendors and risk management technologies through an intelligent workflow engine. It enables access to vendor services through a single RESTful API, removing the complexity of multiple integrations.
More FIs sign up to Ripple’s blockchain tech
Ripple, a provider of financial settlement solutions, has added seven financial institutions to its growing network. Santander, UniCredit, UBS, ReiseBank, CIBC, National Bank of Abu Dhabi and ATB Financial are among the institutions joining Ripple to improve their cross-border payment technology.
‘Explosive growth’ in Asia-Pacific ATM market
The number of ATMs in Asia-Pacific rose by 12 per cent in 2015, according to a new report from RBR. The research includes detailed coverage of the region for the first time, examining 11 major markets in detail. Five of the markets in the region saw impressive growth in ATM numbers, led by Bangladesh with a rise of 21 per cent
MasterCard unveils 2016 Start Path finalists
MasterCard has revealed the companies that will be taking part in the 2016 Start Path Global programme – the firm’s initiative to support innovative early stage startups developing new commerce and FinTech solutions. Selected from 500 applicants spanning 60 countries, the seven shortlisted startups vary in terms of team size, level of funding, revenue and sales pipeline.
Michelle Stevens talks to Carl Churchill, the MD of NetPay, about technology trends in the payments industry and the company’s expansion plans
Michelle Stevens discusses customer communication and security in banking automation with Guy Cooper