Rungthep Thurakij Scale360 to grow team by 100% to push for Fintech growth Digital banking software market is growing Scale360 has changed its focus to fintech and will double in size by the end of the year to serve the market, as they believe there are many opportunities in the Thai market as companies invest […]
Category Archives: Finance Industry News
ING axes 7000 jobs in digital banking drive – Banking Technology
ING axes 7000 jobs in digital banking drive – Banking Technology http://ift.tt/2dIfvZA Banking Technology ING axes 7000 jobs in digital banking driveBanking TechnologyDutch bank ING is cutting 7,000 jobs as its push to digital banking goes full throttle. In its strategy update “Accelerating Think Forward”, CEO Ralph Hamers and other executives will introduce a number […]
Yahoo may have allowed US government to search user emails
Yahoo may have allowed US government to search user emails http://ift.tt/2dqYJ2u Yahoo has reportedly searched through all of its users’ incoming emails with a secret software program that’s designed to ferret out information for U.S. government agencies. The software program, which was created last year, has scanned hundreds of millions of Yahoo Mail accounts at […]
Paymentwall brings payments to LG smart TVs
Paymentwall brings payments to LG smart TVs http://ift.tt/2dpA4wc Paymentwall brings payments to LG smart TVs 3 minutes ago | 91 views | 0 Source: Paymentwall LG Smart TV app owners can now accept payments using more than 140 payment methods worldwide provided by Paymentwall. With Paymentwall’s Smart TV payment product, app owners can offer […]
Bank of America, Chase the Latest Banks to Buy into Blockchain
Bank of America, Chase the Latest Banks to Buy into Blockchain http://ift.tt/2dGRceu So much has happened with blockchain over the past couple of weeks—so very much—but let’s talk about the banks: Firstly, Bank of America is the latest to join the ranks of financial institutions experimenting with blockchain. Bank of America Merrill Lynch recently […]
MasterCard brings biometric payments to Europe
MasterCard brings biometric payments to Europe http://ift.tt/2dGRMJa It’s a European roll-out as MasterCard has launched Identity Check Mobile, a new payment technology app that uses biometrics to verify a cardholder’s identity. The technology is now being introduced across 12 markets in Europe – including the UK, Austria, Belgium, Czech Republic, Denmark, Finland, Germany, Hungary, the […]
Orange gets green light to become Groupama Banque majority shareholder
Orange gets green light to become Groupama Banque majority shareholder http://ift.tt/2doFoSR Regulatory and prudential authorities, both in France and Europe, have given formal approval for the acquisition by Orange of 65% of the capital of Groupama Banque, which will be renamed Orange Bank as from January 2017. The teams will now devote themselves […]
Standard Chartered customers taken for an Uber ride
Standard Chartered customers taken for an Uber ride http://ift.tt/2dbMG77 Enters Standard Chartered waters This time we have a genuine Uber moment in fintech. Standard Chartered and Uber are partnering to offer the bank’s credit cardholders cashbacks on Uber rides. This is the “first ever multi-market partnership” for both of them. The deal is for six […]
What Can Go Wrong When Banks Ship Jobs Overseas
What Can Go Wrong When Banks Ship Jobs Overseas http://ift.tt/2dsVLu1 Related “Why do we want to pay you x amount of dollars when we can get three workers in India for the same price without paying any benefits?” a Bank of New York Mellon manager is said to have told a back-office worker who, along […]
Moving From Passwords to Biometric Banking
Moving From Passwords to Biometric Banking http://ift.tt/2d8BsAn As digital transformation continues across all industries, the need for an increasing number of passwords is becoming problematic. Financial institutions need to investigate acceptable alternatives that balance security and simplicity. By Jim Marous, Co-Publisher of The Financial Brand and Publisher of the Digital Banking Report For financial institutions, […]