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German Crypto Bank Opens for Business; solarisBank Wins Digital Asset Deal With Boerse Stuttgart

German cryptobanking startup Bitwala has opened for business, onboarding 40,000 pre-registered customers for its bitcoin and Euro deposit accounts.

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‘Digital Lipstick’ Will Not Make Banks ‘Sexy’ Enough to Become Tech Companies

DBS Bank’s chief innovation officer Neal Cross has warned the audience at Fintech Connect 2018 that European banks are getting digitisation and open banking completely wrong by failing to adequately address customer pain points.

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Australian Neo Bank 86 400 Begins Beta Testing Ahead of Launch

Having rounded out its technology suite and begun beta app testing, Australian neo bank 86 400 has started a waiting list for prospective customers and opened up to talks with future investors.

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Australian Neo Bank Xinja Returns to the Crowd

Australian mobile banking startup Xinja is returning to the crowd in a bid to raise a further $5 million from private investors as it prepares to apply for a full banking licence.Xinja has so far raised $4.4 million (including an earlier $2.

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T-Mobile Targets US Banking Market

T-Mobile is taking a second shot at the American banking scene, teaming up with BankMobile to launch an app-based checking account. The telco has begun a limited roll out of the T-Mobile checking account, complete with Fdic-insured protection thanks to a partnership with BankMobile, the digital-only arm of Customers Bank.

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EC and Card Giants Close in on Inter-regional Interchange Fee Agreement

Visa and Mastercard are nearing a deal with the European Commission which would see the interchange fees merchants in the EU pay on transactions involving cards issued outside of the region slashed by at least 40.

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APAC Banks See Big Benefits From Open Banking for Commercial Customers

Most large banks in Asia Pacific think providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programmes, and many expect it to help them achieve double-digit revenue growth, according to research from Accenture.

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Latin America Builds Up Fintech Credentials

Latin America has established itself as a leading region in terms of innovation in the financial services sector that has seen more than 1,100 FinTech ventures and around a 50 annual growth rate in the main markets, according to research conducted by Startupbootcamp in Latin America.

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VIDEO: How Regulatory and Customer Driven Innovation Differ in Output

Simon Eacott, Head of Payments Innovation and Business Development, Natwest, speaks at Sibos 2018 in Sydney about new innovative technologies, AI and security, how regulatory and customer driven innovation differ in output and how you can ensure everyone is included in a large industry programme such as NPA.

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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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