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Top fintech stories this week – 29 September 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Italy’s first fintech hub comes to Milan

Italy

The Italian Ministry of Economy and Finance and the City of Milan have opened the “Milan Fintech District”, the country’s first hub dedicated to businesses in the financial industry. The hub is for start-ups, entrepreneurs, financial institutions, investors and universities to foster development and growth. Pier Carlo Padoan, Minister of Economy and Finance, says the […]

Banca Generali and Saxo Bank partner for digital trading

Italy

Italy’s Banca Generali and Denmark-based Saxo Bank will establish an exclusive partnership to offer online trading and digital services. The objective is to offer clients, for the Italian market, access to a platform for trading, based on Saxo’ technology and managed by a newly established “SIM” owned by Banca Generali and Saxo. (SIM is an […]

La dolce vita for mobile payments service Jiffy in Italy

Italy

Jiffy – the instant mobile payments service developed by SIA – is now available in over 150 outlets in Milan, Rome and Turin. As reported last year, the person-to-business (P2B) project was piloted in Milan and Bergamo, allowing customers to pay via app at participating retail outlets authorised by UBI Banca. SIA said at the […]

Italy’s largest bank UniCredit gets hacked

UniCredit in technology standardisation drive

Italy’s largest bank UniCredit has been the victim of a security breach due to unauthorised access through an Italian third-party provider to customer data – with up to 400,000 customers potentially affected. The incident is confined to Italy and relates to personal loans only. The bank says a first breach seems to have occurred in […]

IBM blockchain powers Borsa Italiana’s digital securities scheme

Italy

Italy’s only stock exchange Borsa Italiana, part of London Stock Exchange Group, and IBM are building a blockchain solution to digitise the issuance of securities for unlisted small and medium enterprises (SMEs) in Europe. The aim is to simplify the tracking and management of shareholding information, and create a distributed shared registry containing a record […]

Simcorp acquires investment and portfolio management tech vendor APL Italiana for €35m

Simcorp signs large deal with SEB

SimCorp has acquired a fellow wealthtech vendor, APL Italiana, for €35 million. APL Italiana specialises investment and portfolio management software for the Italian insurance market.

The Monday mindset: 26 June 2017

Banca D’Alba

Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye. This week, Banking Technology’s editor Tanya Andreasyan looks at one bank that has managed to successfully converge its digital and “brick and mortar” journeys […]

Apple Pay launches in Italy

Apple Pay

Apple Pay has landed in Italy with users able to add Mastercard, Maestro, Visa and V Pay credit and debit cards to the app. On the Italian Apple Pay website it says that the cards can be used with the banking services of Boon, Carrefour and UniCredit. It also states that more will be coming […]

UniCredit and SIA bring Alipay to Italy

Chinese tourists

The agreement between Alipay and UniCredit has now entered the operational stage. Technological infrastructure for this has been provided by SIA.

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