News, analysis & resources
Global Fidelity Bank implements AMLtrac from iFinancial
Life is a beach in the Cayman Islands

UK-based core banking and anti-money laundering (AML) software vendor International Financial Systems (iFinancial) is implementing its AMLtrac solution at Global Fidelity Bank.

Metro Bank joins Faster Payments Scheme
Metro Bank joins Faster Payments Scheme

UK-based Metro Bank says it has become the first high street bank to join the Faster Payments Scheme (FPS) since its launch.

Bank of Lithuania promises one-week response to fintech licence enquiries

Bank of Lithuania, the country’s central bank and regulator, promises to provide preliminary answers to financial institution licence enquiries within one week, “the fastest turnaround in the EU”.

Alipay partners with major European banks and payment provider

Alipay, one of the world’s largest online and mobile payment platforms, has inked deals with BNP Paribas, Barclays, UniCredit, and SIX Payment Services to drive the European expansion.

LandlordInvest now fully authorised by FCA

LandlordInvest, a peer-to-peer (P2P) lending platform for buy-to-let and bridging loans, has gained full authorisation from the UK regulator, Financial Conduct Authority (FCA).

Banking Technology Magazine
Banking Technology November 2016 issue out now
Banking Technology November 2016

The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

Industry Comment
Weapons of mass distraction: worrying about the wrong fintech revolution
Disruptors

Reading the technology news these days you could be forgiven for thinking that some seismic revolution is occurring almost every day! Stories abound of Airbnb, Facebook, Uber, Alibaba taking over the world and demolishing our traditional business models – ushering in a new age where the “interface is king”. But are they revolutionary and game changing disruptors? I am not so sure…

How can RBI’s latest guidelines help Indian banks combat cybercrime?
cybersecurity

Rising cybercrime in India is no secret. According to a report by Symantec, India now ranks third in the world, after the US and China, as a source of malicious activity. In fact, the National Crime Records Bureau data reveals that in the three years up to 2013, registered cases of cyber crime were up 350%, from 966 to 4356. Dubious distinctions both, and give banks and the financial sector in India cause for worry.

This isn’t the end of the advisor: why tech won’t cut out the middle man

Who do you trust with your money? Well, if the latest talk in personal finance is anything to go by, we’ll soon be placing our trust in an altogether less warm-blooded beast. Move over mankind: the robots are coming. But not so fast!

It’s time to talk ATM 2.0

The ATM is one of the most recognised and trusted pieces of technology on the high-street, but as it too has come under pressure from the wave of digitalisation sweeping almost every aspect of our everyday lives. The humble ATM is no longer a single physical touch point…

APIs: open for business

No longer are the mid-tier banks doomed to be extinct! The arrival of open application programming interfaces (APIs) will enable them not just to survive but to prosper, states Chris Truce, director of platform development at Saxo Bank.

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