FinTechRSS

Bank of Baroda teams with Amazon for SME lending

India

India’s second largest bank, Bank of Baroda, has got itself an “exclusive” micro lending partnership with Amazon. The bank says through this partnership it is running a process for underwriting Amazon sellers “who would traditionally not be able to procure a line at formal financial institutions”. The deal is part of the bank’s ambitions to […]

Zambian start-up Zazu plans to be digitally true

Zazu 1

Zambia-based Zazu is readying for launch – as it targets being “Africa’s first digital-only bank” and offering a “more personalised solution” than a traditional bank. In November, it will launch with 1,500 prepaid debit cards. It wants to give these out to people who regularly use cards to make payments, so it can improve and develop […]

Fintech alliance round-up: 15 September 2017

Red heart shaped tree

The power of love, a force from above, cleaning my soul – flame on burn desire, love with tongues of fire, purge the soul, make fintech alliances your goal. Our latest cuddly round-up features the Securities Commission Malaysia, Dubai Financial Services Authority, Monetary Authority of Singapore, Taiwan Stock Exchange and Nasdaq. The Securities Commission Malaysia […]

BitFlyer competes for Japanese Bankers Association’s blockchain experiment attention

QuantHouse hopes to capitalise on demand for algo trading in Japan

Tokyo-based Bitcoin exchange BitFlyer has been selected as a partner vendor to provide an experimental environment for the Japanese Bankers Association’s “collaborative blockchain platform”. BitFlyer’s proprietary blockchain technology – Miyabi – will be used and the platform is scheduled to begin operation in October. Miyabi is a private blockchain “exclusively” for enterprise users. The experiment […]

Google gets into digital payments fray in India

Google goes IoT

Google is expected to launch a mobile payments app in India next week. Google Tez, which means “fast” in Hindi is the anticipated name of the payments service, which is “largely fashioned on the company’s global product – Android Pay”.

OCC isn’t ready for fintech charter applications just yet

Office of the Comptroller of the Currency

Acting Comptroller of the Currency Keith Noreika told FinovateFall attendees in New York this week that the agency is still in the exploratory phase of its fintech charter, according to news reports. Paybefore (Banking Technology‘s sister publication) reports that the controversial fintech charter has been welcomed by some in the industry, although there is some […]

Royal Bank of Canada pilots AI-powered finance guide

rbc logo

Royal Bank of Canada (RBC), with the help of Personetics Cognitive Banking’s applications, will deliver two new services this autumn that provide AI-powered financial guidance and an automated savings programme through the bank’s mobile app. The development follows on from last month, when RBC unveiled these two digital services – called NOMI Insights and NOMI […]

Blockchain and Bitcoin round-up: 14 September 2017

Bitcoin coins - virtual digital crypto-currency. Accurately stacked coins, closeup, background, 3D illustration.

Arguments, exchanges and something getting launched. It’s our blockchain and Bitcoin round-up. Features JP Morgan Chase, the Financial Services Agency of Japan and Wish Finance. There will be blood. Sort of. JP Morgan Chase CEO Jamie Dimon got plenty of attention with his scepticism and criticism of Bitcoin – calling it a “fraud”. Using the […]

ING goes manic for Scalable wealth management dynamic

Private equity firms take over German payment services provider Concardis

ING will start a partnership with online wealth manager Scalable Capital as the bank plans a digital investment solution for its retail customers in Germany. Customers of ING in Germany will be able to register in less than 15 minutes through a paperless process. With a minimum investment of €10,000 they can monitor their portfolios […]

Swift’s gpi powers DBS cross-border payments tracking debut

DBS_Bank

Corporates and SMEs in Singapore and Hong Kong can now track their cross-border payments via DBS, using Swift’s global payments innovation (gpi). DBS says it is the first bank in the two countries to execute cross-border payments with end-to-end tracking, “helping corporates and SMEs become more efficient in their cash management”. In the past, DBS […]

@banking
techno