The Top Payments News Stories in November 2018

Plenty of payments news stories in November, in the last couple of days 2 particularly dramatic stories affecting Deutsche Bank and Marriott have broken. Otherwise the Fintech train continues to motor with banks moving onwards and upwards on their technology transformations. Check out below the top payment news stories that caught my eye in November 2018:

1. Payments News – Cyber Security

2. Payments News – Mobile Payments

  • Mastercard protests over the Indian governments promotion of a national payment card – RuPay
  • Western Union partners with Safaricom allowing M-Pesa users to send money around the world
  • Sberbank and Ingenico Group introduce Mir cards in Russia, which will be accepted by international online stores
  • AliPay HK wins bid to deliver QR payment program for the Hong Kong Mass Transit Rail (MTR)
  • Regulator investigates Swiss banks over alleged boycotting of mobile payment systems such as Apple Pay and Samsung Pay in favour of its own national payment app, Twint
  • Costa Coffee reveal contactless payment cup
  • Amazon Pay is on the verge of heating up the mobile payments race according to the WSJ
  • MTN and Orange form joint venture to enable pan-African mobile money interoperability
  • Paypal takeover of Swedish start-up iZettle concerns UK authorities

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

  • BBVA completes first syndicated loan using blockchain
  • More banks J.P.Morgan Interbank Information Network – seeking to improve cross border payment processing
  • BNP Paribas conducts a blockchain based trade transaction with HSBC over the Voltron platform
  • European Union, EU Blockchain Roundtable leads to banks such as BBVA joining International Association for Trusted Blockchain Applications (IATBA)
  • Finextra highlight the continued interest in blockchain, despite the the Bitcoin nosedive

4. Payments News: Banks

  • Deutsche Bank links up with HCL Technologies to improve cheque processing through a digital cloud based solution
  • Goldman Sachs’ online saving account, Marcus, attracts 100,000 customers within 40 days after its UK launch
  • Bank of England Future Forum on how Brits will use money launches Cash vs cashless challenge
  • American Express to build payments network in China
  • 12 US community and regional banks form Alloy Labs Alliance – an initiative to develop and encourage tech-innovation
  • Deutsche Bank launches mobile wallet, Yunar
  • Goldman Sachs buys ClearFactr, spreadsheet software used to create, analyse and share financial models
  • Deutsche Bank and Bank of China launch innovation labs in Singapore
  • Nationwide invests in Moneyhub
  • National Australia Bank chief Andrew Thorburn is under investigation following luxury holiday probe
  • Which? warns in the last 30 years, the UK has lost almost two-thirds of its branch network
  • A interbank payments system outage causes Automatic Teller Machines (ATM) and Point of Sale (POS) disruption in Mozambique
  • UK Treasury Committee launches inquiry into IT failures in the financial services sector
  • Credit Suisse launches Disruptive Technology Recognition (DTR) Program
  • Santander’s digital bank Openbank runs on AWS (Amazon Web Services)
  • Onur Genc – the new CEO of BBVA
  • Deutsche Bank rocked by money laundering raids

5. Payments News: Fintech

  • Hong Kong Fintech Week – Day 1, 2, 3, 4, 5
  • Finextra summarise the Las Vegas Money20/20 conference
  • Transferwise makes improvements for business customers linking to accounting platform Xero, and introduces TransferWise API for third parties
  • Switzerland publish QR bill payment implementation guidelines
  • Finextra recap the Singapore Fintech Fest

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

  • UK government backed Fintech Delivery Panel launches guidelines to encourage fintech and financial institution collaboration
  • Rankings prepared, on behalf of the European Union, by Mind the Bridge and Nesta reveal startup, collaboration and innovation top performers
  • ECB introduces pan-European TIPS – TARGET Instant Payment Settlement
Thanks for stopping by – Take a look around…!!

7. Payments News: SWIFT

  • SWIFT India and MonetaGo partner to deliver a distributed ledger pilot for fraud prevention
  • SWIFT Operations Forum Day 1 , 2 and 3

8. Payments News: Reports


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

Leave a Reply




This site uses Akismet to reduce spam. Learn how your comment data is processed.