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Association of Banks of Singapore launches PayNow mobile payments service

Singapore-listed stocks can now be traded in London

The Association of Banks of Singapore (ABS) has unveiled a new funds transfer service – PayNow – that requires only a mobile and identity card numbers to enrol.

CFPB clamps down on credit repair companies, leadership

CFPB

The US Consumer Financial Protection Bureau (CFPB) has filed two complaints and proposed final judgments in federal court against four California-based credit repair companies and three individuals for “misleading consumers and charging illegal fees”.

Alipay comes to Spain with BBVA

Alipay comes to Spain

BBVA has signed an agreement with Chinese tech giant Ant Financial to enable Chinese tourists to pay in Spanish stores using the Alipay mobile wallet. BBVA is the first Spanish financial institution to be working with Alipay.

Americans uneasy about finances provide opportunity for financial institutions – CFSI

Too much debt

One-fourth of Americans say they have too much debt, with 96% of them reporting they are financially stressed, according to a survey by the Centre for Financial Services Innovation (CFSI) to gauge Americans’ financial well-being.

InvestCloud brings fintech incubator to London

Investcloud

US-based InvestCloud is going to launch a fintech incubator and accelerator at its European headquarters in Soho, London. Dubbed InvestCloud Innovation Centre, it will enable start-ups and established firms to create wealth management solutions supported by the InvestCloud platform.

Money20/20 Europe: Asia in the ascendant

Money20/20 Europe 2017

Denmark took a back seat at Money20/20 Europe as the lively fintech scenes in China and India fell under the spotlight with a wealth of information and stats.

Hong Kong gets its own fintech association, FTAHK

Daiwa's Hong Kong business has revamped post-trade

The Fintech Association of Hong Kong (FTAHK) has officially launched “to champion an open, inclusive and diverse fintech community in Hong Kong”.

Money20/20 Europe: regtech – from here to agility

Moeny20/20 Europe 2017 – retch

The shift from analogues to digital – according to Michael Meyer, Middlegame Ventures, during a regtech discussion at Money20/20 Europe – a major European bank he spoke with files over 50,000 pages as part of its quarterley regulatory reporting.

Money20/20 Europe: advancing APIs to a happy place

Money20/20 Europe 2017

The interest from the fintech community in APIs burns brighter than a thousand suns, but where will this technology and the spirit of open banking take us?

Payscout launches virtual reality commerce with Visa’s help

Payscout and Visa launch the world’s first VR commerce platform

Payment processor Payscout has launched a virtual reality (VR) system that employs Visa Checkout and enables consumers to examine products before ordering them for delivery to shoppers’ homes.

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