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Samsung Pay to launch in Spain
Samsung Pay is set to launch in Spain. CaixaBank and its ImaginBank subsidiary will enable their customers to start using Samsung’s mobile payment platform. While some banks have offered support to rival Apple Pay only to drag their feet in actually enabling the service, CaixaBank’s support for Samsung Pay has taken effect immediately. In a press release the [...]
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R3 conducts Blockchain trail with first 11 banks
R3 CEV is set to trial its first Blockchain experiment using Ethereum and Microsoft Azure’s Blockchain as a Service, and involving 11 of its member banks. The R3-managed private peer-to-peer distributed ledger connected Barclays, BMO Financial Group, Credit Suisse, Commonwealth Bank of Australia, HSBC, Natixis, Royal Bank of Scotland, TD Bank, UBS, UniCredit and Wells Fargo. Participants [...]
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Modular financial services: The new shape of the industry
Modular financial services, with digital distribution platforms, new product providers, alternative sources of capital and a growth in outsourcing fundamentally reshaping the industry. This is according to Modular Financial Services: The New Shape of the Industry, by global management consultancy Oliver Wyman. The study estimates that this change could see $1 trillion of revenues and [...]
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United Bank of Africa launches Smartmoney with Visa
Visa, in partnership with United Bank of Africa (UBA) has announced the launch of SmartMoney, a new banking solution comprising a prepaid card and a mobile app for the African market. The partnership brings together Visa Inc’s trusted payments technology and SmartMoney’s mobile app experience to establish a millennial centric product proposition, for consumers who want [...]
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Fiserv to acquire ACI Worldwide’s Community Financial Services business
Fiserv has entered into a definitive agreement with ACI Worldwide to acquire the assets of its Community Financial Services (CFS) business in an all-cash transaction valued at $200 million, which does not include related tax benefits. The transaction is subject to regulatory approval and other customary closing conditions and is anticipated to close in the first [...]
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