EuropeRSS

Danes gain easier mobile way to pay for groceries

Dankort 1

Dankort, the national debit card of Denmark, has made shopping easier for consumers using iPhones, reports Paybefore (Banking Technology‘s sister publication). The updated Dankort mobile payments app enables consumers to make payments from their locked screens while shopping at stores operated by the Dansk Supermarked Group, whose brands include Netto, Føtex, Bilka and Salling. For […]

ECB to develop service for settlement of instant payments

ECB goest to market for new treasury management software

The Governing Council of the European Central Bank (ECB) says it will develop a new service for the settlement of instant payments. The new service, Target instant payment settlement (TIPS), will enable citizens and firms to transfer money between each other in real-time and will be available around the clock, 365 days a year. The […]

SIX’s payments offer cashless waltz for Vienna Life Ball

Life Ball Überblick Rathaus

SIX Payment Services (SIX) has enabled the Vienna Life Ball in Austria to be cashless for the first time in its history. The Life Ball is an annual AIDS charity event, and 110 cashless point of sale (POS) terminals were installed, configured and serviced by SIX, across the whole arena. There were also 30 top-up […]

Bank to the future: five ways financial apps are changing banking

Ian McKenna, DigitalWealthInsights.com:

Less than half a year from now, PSD2 will revolutionise consumers’ access to their own financial information. In fintech hubs across Europe, bright young people are planning a consumer revolution. Their financial apps and tools are helping customers manage their money far more easily than they have before. Here are five important ways in which they are changing the face of banking.

Instant payments set to displace cards in Europe – Ovum

Real-time payments are coming to you

More than $809 billion is set to switch to the fledgling instant payments system in Europe by 2027, representing a significant threat to cards, according to a new report from Ovum, a London-based consultancy.

PSD2 meets ISO 20022

PSD2

How will service providers and banks implement ISO 20022 in the APIs being created for PSD2?

Klarna enters the big time with banking licence

Klarna logo

Payments provider Klarna has powered up with a full banking licence from Finansinspektionen, the Swedish Financial Supervisory Authority. Sebastian Siemiatkowski, CEO of Klarna, says it is “now one of Europe’s largest banks with 60 million customers, 70,000 merchants and working seamlessly across borders”. With the licence, Klarna states it can broaden its product portfolio for […]

Vontobel pioneers SIX Securities Services’ Advanced Settlement solution

Vontobel

Swiss wealth manager Vontobel has become the first taker of SIX Securities Services’ Advanced Settlement offering.

Natixis Asset Management to test blockchain with FundsDLT

Natixis Asset Management

Natixis Asset Management has started testing the FundsDLT blockchain-powered platform for fund managers. The FundsDLT concept, announced last December in Luxembourg, is a collaboration between Fundsquare, IT firm InTech and KPMG Luxembourg. The platform will enable asset managers to sell funds through a new distribution channel, while doing all the other usual blockchain stuff – […]

Where top European banks are investing in fintech – CB Insights

Click on the image to enlarge. Source: CB Insights

European banks are placing strategic bets in areas ranging from wealth management, lending, payments, regulatory technology, software, and blockchain. Which banks were the most active and what did they invest in?

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