The Top Payments News Stories in June 2019 1

The garden is almost complete, and I’m starting to blog a little more. Still not quite as much as i would like, but I’m back on it. This post summarises the key happenings in payments and financial services over the last month. Check out the top payment news stories from June 2019:

1. Payments News – Cyber Security

  • Anil Kashyap, Bank of England policymaker, warns the UK parliamentary committee of the serious impact of a state sponsored cyber attack on British financial institutions
  • European Banking Association publishes report concluding jointly developed AI systems will help address common security issues
  • GoCardless study provides insights into customer attitudes towards security and convenience when shopping online

 2. Payments News – Mobile Payments

  • China’s UnionPay partners with Tribe Payments to offer credit and debit cards in Europe
  • Mobile banking and contactless payments usage increases, cash usage remains strong but is in decline, reveals UK Finance

3. Payments News: Blockchain / Digital / Crypto-currencies

  • Facebook details plans of its digital currency, Libra – regulators react, is this just the beginning of Facebook’s expansion into financial services?
  • Major banks invest in the formation of Fnality – enabling the maturity of the Utility Settlement Coin (USC) project
  • McKinsey weigh in on blockchain and retail banking
  • Ripple launches in Brazil
  • Visa B2B Connect, a blockchain powered cross border commercial payments processing for financial institutions, is launched
  • Is Goldman Sachs about to create its own digital coin?

4. Payments News: Banks

  • JPMorgan shuts down Finn, its digital-only bank
  • Credit Agricole to invest €15bn in its technical transformation over 4 years
  • UK banking and finance pledge continued access to cash for local communities
  • JPMorgan embark on a branch expansion program in the US starting with a flagship New York branch
  • BBVA creates an AI factory

5. Payments News: Fintech

  • Mastercard study reveals digital banking is a part of European every day life
  • Microsoft, Nasdaq and Refinitiv enable real time market data in excel
  • Dealogic report reveals record $117bn in fintech deals so far in 2019
  • Amazon launches credit card, Amazon Credit Builder, for low income US customers
  • Grab and Citi link up and issue co-branded credit card in the Philippines
  • Uber recruits fintech professionals in New York as it builds out its financial ecosystem
  • India to review payment data storage rules
  • BBVA and Dufry bring WeChat Pay to Spain
  • Financial services is facing a “existential skills crisis
  • Monetary Authority of Singapore plans to issue up to 5 digital bank licenses

6. Payments News: Europe – SEPA, PSD2, Open Banking, GDRP

  • Stripe and 451 Research study highlights concerns and risks around Strong Customer Authentication (SCA)
  • Mastercard present Open Banking Solutions, 4 to support financial institutions and TPPs and their open banking journeys
  • Finextra live blog Day 1 and Day 2 of EBAday 2019
  • European Banking Authority addresses SCA (strong customer authentication) deadline concerns

7. Payments News: Reports


That’s it folks! Let me know below if I missed anything important…

One comment on “The Top Payments News Stories in June 2019

  1. Reply Harsh Raletta Jul 12,2019 9:06 am


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