IBM has announced a blockchain project with Singapore fintech startup KYCK... More
Archive: The Neobanker
R3 develops KYC registry using blockchain
Blockchain consortium R3 and 10 of its member banks have developed a proof-of-concept Know Your Customer (KYC) registry using distributed ledger technology to address the “challenges associated with satisfying regulatory requirements” and allowing identities to be managed by their owners... More
Indian bank unveils AI-powered robot helper
India’s first artificial intelligence banking robot has made its debut in a branch of City Union Bank in Chennai, The Times of India reports... More
Banks ‘must consider human weakness’ to improve mobile banking security, report says
Banks must consider the weakness of their own consumers’ behaviours and avoid being distracted by technical vulnerabilities when it comes to improving the security of mobile banking and payments systems, a report by Mobey Forum says... More
Citi launches global API Developer Hub
Citi has launched a global API Developer Hub to give developers access to APIs across eight usage categories including account management, peer-to-peer payments, money transfer to institutions, Citi rewards, investment purchases and account authorisation... More
Nordic bank to use blockchain for money transfers
Nordic bank SEB has signed an agreement with distributed financial technology provider Ripple to use the company’s blockchain technology solution as a basis for payment transactions... More
Spanish bank offers ‘selfie’ service to open account
BBVA bank is offering new customers in Spain the chance to open an account with them using their mobile phone, with identity verified using face recognition and video calls... More
US bank app allows ability to dispute charges
Citi credit card owners can now dispute charges within the bank’s iPhone app in the US... More
PKO Bank Polski customers get Trusted Profiles to access government services using banking ID
Some 35,000 customers of Polish bank PKO Bank Polski have created Trusted Profiles which allow them to log in to government services, file an application for an ID card or driving licence, obtain a criminal record certificate and sign documents electronically using only their banking IDs... More
Half of global banking customers use fintech services, but trust remains low
Half of banking customers around the world are using the products or services of at least one fintech firm, according to the first World FinTech Report (WFTR) from Capgemini and LinkedIn, but customer trust in fintech providers is low... More
UK consumers eye up iris scanning for banking biometrics
Iris scanning technology has overtaken fingerprinting as the biometric security measure most UK consumers would consider using, with more than a third saying they would be more likely to use a bank that offers biometric security, a survey from software provider Intelligent Environments has found... More
Bank of America adds AI to mobile app
A digital assistant that makes use of artificial intelligence, predictive analytics and cognitive messaging is to be built into Bank of America’s mobile app from next year... More
US banks told to improve cyber security
Bank regulators in the US have outlined cyber security standards designed to protect financial markets and consumers from online attacks against the nation’s financial firms, Reuters reports... More
2bn mobile banking users by 2021
More than 2bn consumers around the world will have used their mobile devices for banking purposes by the end of 2021, compared to 1.2bn this year, Juniper Research reveals... More
Bank of Scotland customers get selfie sign-ups
Bank of Scotland customers in the UK can now apply for a current account by taking a picture of their face... More
Japanese bank to roll out palm vein ID
Customers of Japan’s Ogaki Kyoritsu Bank will soon be able to access services by using their palms for authentication... More
HSBC offers selfie security checks
Customers of UK bank HSBC can now complete ID security checks by scanning their face using a mobile phone... More
Biometric banking to top $4bn by 2021
Global revenues for biometric banking technologies are expected to top US$4bn by 2021, ABI Research has revealed... More
Absa Bank comes to Facebook Messenger
Customers of Africa’s Absa Bank can now conduct banking transactions through Facebook Messenger using the bank’s ChatBanking feature... More
Mobile-only bank goes live in Germany
Mobile network operator Telefónica Deutschland has launched a mobile-only bank in partnership with Fidor Bank in Germany. The service will allow peer-to-peer (P2P) transactions to be made using mobile phone numbers and will come with a Mastercard debit card for in-store and ATM transactions. More