finextra

Switzerland Gets Ready for QR Bill Payments

Switzerland has set out alterations to its upcoming QR-bill, which will replace seven different payment slips when it rolls out in June 2020. The QR-bill will contain a digitally readable QR code holding all the data for a payment, streamlining the processing of bills and credit transfers for companies, government bodies, non-profits and consumers.

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VIDEO: Revamping Banks’ Digital Architecture

Miguel Rio-Tinto, Group Chief Information Officer, Emirates NBD, speaks at the Infosys Finacle Conclave 2018 in Antwerp about what helps build a successful digital organization, and how banks can accelerate their digital journey and drive business growth.

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Singapore Fintech Fest Showcases Innovations in Payments

The Singapore Fintech Festival played host to a quartet of distinct cross-border and digital currency payment initiatives, drawing in United Overseas bank, Grab, Ripple and the country’s central bank.

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Fintech and Travel – The Perfect Match

Fintech is expanding rapidly, and many companies around the world have wised up to the fact that they need to be more accepting of modern payment methods and technologies. We’re seeing some great developments in this regard, and it’s clear that this trend is going to continue with full force in the next years.

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eBay’s AI Algorithm Proves Good Behavior Analysis Is Key to Identifying Credit Card Fraud

A report published by two eBay executives reveals that the online flea market’s new AI algorithm can identify 40 of credit card fraud transactions with high precision, a significant finding for a sector relying on tech-based detection techniques. The approach taken by eBay turns usual ideas about automated fraud detection on its head.

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Deutsche Bank Launches Standalone Mobile Wallet

Deutsche Bank has set up a subsidiary startup called Yunar, which will gradually build out a mobile wallet offering a host of services, beginning with loyalty scheme management.

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American Community Banks Form Fintech Alliance

A dozen American community and regional banks have formed a consortium, called Alloy Labs Alliance, dedicated to exploring fintech opportunities. The Alliance, which is being managed by Fintech Forge, is designed to help smaller banks pool their resources in the quest to stay relevant in the digital age.

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UK Banks Publish Fintech Collaboration Toolkit

A collective of top UK banks and and financial technology firms have helped to craft a set of guidelines designed to improve engagement between fintech startups and financial institutions.

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JPMorgan’s Interbank Information Network Now Encompasses More Than 100 Banks

The number of banks joining JPMorgan’s blockchain-based Interbank Information Network (IIN) has grown to over 100, addressing cross-border payments in every major market, including Latin America, Asia, Europe, the Middle East and Africa.

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Why Blockchain Is a Good Solution for KYC Verification

With the creation of blockchain technology, many traditional systems have become outdated and are due for an upgrade. Blockchain has demonstrated its capabilities with the conception of virtual currencies such as Bitcoin and Ethereum, which have completely revolutionised the global currency system.

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Bank of England Launches Cash vs Cashless Challenge

As part of a new open forum on the future of money, the Bank of England is challenging Brits to see if they can live for a week either using only cash or not using cash at all. The BofE says banknotes will remain an essential form of payment for some time – just this […]

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VIDEO: Driving Digital Transformation

David Watson, Head of Digital Cash Products Americas Head of Cash Management, Deutsche Bank, speaks at Sibos 2018 in Sydney, about why banks are focusing so heavily on the provision of digital services, what’s driving the transformation of banks and how they can become digital, and what further innovation and new services can we expect […]

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