Open access, Open banking and Open APIs

UK’s Open Banking initiative goes live after managed roll out

The Open Banking initiative in the UK has finished a three-month managed roll out programme, leaving regulated companies free to start offering Open Banking related services. Since mid-January, the Open Banking Implementation Entity has carried...
AI, VR, Robots

China Construction Bank opens a branch only managed by robots

China Construction Bank (CCB), the China’s second largest lender by assets, has opened an unstaffed, self-service bank branch in Shanghai this week, run by pure technology including facial recognition (FR), artificial intelligent (AI) and virtual reality...
Ecobank Mobile Payment App

$1 billion in transactions processed on Ecobank Mobile App in Africa

The groundbreaking Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion since its launch less than 18 months ago. With over 4 million...

UK bank accounts: true digital capabilities in customer on-boarding

There are a number of challenger banks in the UK looking to shake up the traditional status quo, dominated by the incumbents who have a wide range of accounts and financial services available across...
Mobile banking trojan

Consumers at risk of financial loss as mobile banking Trojans threaten worldwide

Consumers around the world that use mobile banking apps are at a greater risk of being tricked by cybercriminals and falling victim to mobile banking Trojans. This is according to new global research from...
Tablet banking

MNO Giffgaff uses Open Banking to launch mobile banking app

Telefonica's millennial focused MNO Giffgaff, is set to launch its own personal finance banking app based on newly implemented Open Banking regulations. Utilising the latest Open Banking regulations, the Giffgaff Gameplan app will offer users...
Tablet banking

Five key themes that will transform banking in 2018

NCR recently surveyed over 1,000 UK adults, aged 16 and above, to gather their thoughts on the future of banking. Some of the findings are pivotal in understanding how banking will change in the...
M-Pesa

Kenya: How agency and mobile banking took over country

Ever since M-Pesa and mobile banking was launched in Kenya 10 years ago, there has not been any other innovation that has come close to revolutionising and transforming the money transfer sector like agency...
Vipps, BankAxept, BankID

Norwegian banks to combine payment units Vipps, BankAxept, BankID

DNB, banking group Eika, Sparebank 1 Gruppen and other Norwegian banks said on Friday that they agree to combine their various payment units Vipps, BankAxept and BankID Norge to improve product offering and prepare for...
Open access, Open banking and Open APIs

UK’s Open Banking Project expanded

The Open Banking Implementation Entity (OBIE), the body set up by the Competition & Markets Authority (CMA) to enable a new, secure way for customers to take control of their financial data and share...

Latest News

Payment industry history with first AES DUKPT key management implementation

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT...
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