All articles by : Elliott HolleyRSS

Orange to launch mobile-only bank in 2017

Orange is banking on its mobile bank being a hit with a new generation of consumers

French telecoms firm Orange is to create a new bank called Orange Bank together with French insurer Groupama, in a move the two firms say will help to break open the banking market using mobile phone technology.

India’s Post Bank gets March 2017 green light

India Post plans to offer banking services by March 2017

India’s Post Bank is to begin processing payments in March 2017, according to the government’s communications minister. The move is part of long-standing plans to use India’s Post Office network to spread financial inclusion in the world’s largest democratic nation.

Swift to launch global payment innovation project

Raymaekers: Swift will consider using blockchain and other innovations

Swift is planning to launch a global payment innovation initiative, which it says will dramatically improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments. The platform is due to launch early next year.

Nasdaq acquires Chi-X Canada

800px-Canada_flag_halifax_9_-04

Alternative trading system Chi-X Canada has been bought by Nasdaq, as part of a push by the global exchange group to grow its presence in North America’s largest country. The deal is expected to go through in Q1 next year.

Fintech investment switches to smaller projects

CC table

Financial institutions are increasingly switching their investment towards smaller, shorter, cheaper technology projects rather than large initiatives, according to the results of a new survey published by technology and PR consultancy CCgroup. The results also suggest that uptake of cloud services is rising as cost pressure push firms to lower costs.

PSD II: The Ayers Rock of payments?

The European Commission

Complying with the European Commission’s Payment Services Directive II is like climbing the massive sandstone bulk of Ayers Rock in Australia – you think you’ve reached the top, and then you realise you still have a long way to go, according to speakers at the recent European Payments Regulation conference in London.

The rise of the blockchains: alternative models emerge

SimonBailey-web

If the global payments industry were to be designed from scratch, nobody would design the system which we have today. Yet distributed ledger technology has the potential to bring about dramatic change– if it can overcome the unanswered questions over to what extent the industry should collaborate or compete and whether there will be one model or many different ones, according to speakers and delegates at the European Payments Regulation conference in London on Wednesday.

Trade repositories fall short warns CPMI-IOSCO study

CPMI-IOSCO report progress has been made, but trade repositories need work

Just under two-thirds of the world’s top nations in capital markets have now adopted international best practices, according to a new report on financial market infrastructures, but more work is needed on trade repositories.

Banks warned: digitise or die …

Kwiatkowski:

Retail banks often claim that customer service is their primary focus, but 75% of banks believe they haven’t concentrated efforts on improving it. Instead, annual reports focus on the financial results. Whether these two stories can become one remains to be seen, according to a new whitepaper by bank technology vendor Misys.

No cloud please, we’re bankers

BT Radianz says the new technology will improve the efficiency of clearing

Despite predictions over the last few years that banks were just a heartbeat away from adopting cloud technology, only 1% of banks are actually running core processing in the cloud today, according to a new report by Temenos.

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