Santander launched its latest product, the “100% digital” OpenBank last week amidst much fanfare and some bold new features and promises. Currently it is only available in Spain, but is expected to be rolled out internationally soon.
So, after 15 months in the making, and having been re-built from scratch, can this re-launched product of Santander’s be seen as a blueprint for the way the bank accounts of the future will operate? Read more
An early fintech disruptor, Monitise achieved a colossal £2 billion valuation in 2014. The company, founded back in 2003, rose to prominence as a mobile banking, payments and commerce solution that was significantly ahead of its time. Read more
The Monetary Authority Singapore has agreed to share data and explore potential joint innovation projects with the Association of Supervisors of Banks of the Americas (ASBA). Read more
The fifth edition of FinTechCity’s Fintech50 was announced today. The list is compiled by selected industry experts and celebrates innovation across a wide range of disruptive financial services companies.
The first list was published back in 2012, when fintech was a nascent industry that was just beginning to find its feet. Today, the Fintech50 contains a multitude of companies that are fast becoming household names. Read more
The Monetary Authority Singapore MAS) and a consortium of big banks including Bank of America Merrill Lynch, Credit Suisse, DBS Bank Ltd, HSBC, J.P. Morgan and Mitsubishi UFJ Group have successfully produced a digital representation of the Singapore dollar for interbank settlement.
Earlier this year, bitcoin backers were celebrating because the crypto currency burst through the psychologically important $1,000 dollar mark. What must they be thinking now?
Bitcoin stormed past the $2,000 mark this week on news that the Japanese and Chinese governments are making plans for the long-term integration of digital currencies into their banking systems, and because of the significantly enhanced reputation of digital currencies as a whole. Read more
1. Beware Phishing Scams – Don’t Open Attachments Without Thoroughly Vetting The Sender;
Phishing scams; emails that purport to be from a known and trusted source but are actually sent by hackers trying to persuade you to open an attachment, are commonplace today.
Email is a favoured means of attack for hackers because it is so universal, and we tend to open emails and attachments without thinking twice. In the past year, phishing scams have sent highly convincing fake Apple iTunes purchase statements and HMRC notifications, and then there are emails from friends’ accounts which have been hacked, inviting you to open attachments which contain viruses. Read more
Last week, as we all know by now, the world was rocked by one of the largest ‘hacks’ in history. Known as WannaCry, the ransomware was released by a hacking group known as the Shadow Brokers.
The hack came to the world’s attention when up to 36 hospitals in the UK were locked out of their computer systems, with a ransom demanded – to be paid in bitcoins – or, the virus warned, the data, which included patient records, would be wiped altogether. Read more
It may have been a long time coming, given that Apple Pay has been available for more than two years, and Android Pay for more than 1 year, but Samsung Pay has finally arrived in the UK.
Samsung have been experimenting with different ways to convince its users that it is more than just a mobile device provider, in order to generate additional revenue streams, and Samsung Pay could be the solution. Read more
It started as a niche interest of tech-loving teens but soon grew into a social phenomenon. By the end of 2013, the Oxford Dictionaries named selfie ‘word of the year’, which wasn’t surprising given over a million selfies are taken every day. Now, the selfie has grown up and is getting a job in finance. Here’s the breakdown on how your next self-portrait could lead to a legitimate money transfer.