Well here we are, more than ready to break up for Christmas and prepare for the new year ahead. In the last few days i had my own mini crisis – my blog got hacked. Who tf would want to hack this blog?!?! Anyway, we’re back alive and kicking. In this final instalment of the year, i recap the top payment news stories in December 2017. Do have a read of Finextra’s year in review.
Have a wonderful Christmas and look out for the new posts in 2018.
Check out the following top payments news stories for December 2017:
1. Payments News – Cyber Security
- Birmingham University reveal a banking app flaw leaving many customers vulnerable
- Menlo Security attracts funding from big bank and tech firms
- Group IB uncovers a hacker group attacking financial institutions
2. Payments News – Mobile Payments
- China – Union Pay and 30 banks and payment institutions launch Mobile QuickPass – a unified mobile payments portal
- Commonwealth Bank to enable small businesses to accept contactless payments using their phones
3. Payments News: Blockchain / Digital / Crypto-currencies
- Nordea joins we.trade consortium – a DLT platform seeking to simplify domestic and cross-border commerce
- Revolut launches an easy way to buy cryptocurrency such as Bitcoin, Litecoin and Ethereum
- France preps blockchain for trading unlisted securities
- The boss at DTCC reflects – DLT Wave: From Hype to Progress
- The head of the SEC gives a statement on Cryptocurrencies and ICOs
- Banks collaborate to develop an Ethereum solution for MiFID and MiFIR, EU Regulations
- Reserve Bank of Australia Governor Philip Lowe warns of the bitcoin “speculative mania“
- The research and innovation arm of the Italian Bankers Association (ABI Lab) builds a PoC blockchain based (using R3) process for domestic interbank reconciliations
- Japanese and Korean Banks partner to improve cross border payments using Ripple’s, xCurrent, technology to settle between participating banks
4. Payments News: Banks
- BBVA enjoys a record breaking Black Friday week
- Credit Suisse describe how big data is changing compliance at the bank enabling speed and efficiency gains
- Morgan Stanley to use robo-advisers to attract millennials
- FCA publishes rules making it easier for customers to compare bank accounts
- Nordea implements production APIs and with that goes live with Nordea Open Banking
- Barclays – Open Banking 4 things you need to know
5. Payments News: Fintech
- PSD2 marks the way for a new age of payments according to a Deutsche Bank head of cash products, cash management
- Indonesia’s equivalent of Uber, Go Jek will buy 3 Fintech companies in a bid to dominate payments in the country
- IBM signs up big players, including JP Morgan Chase and Barclays, to its IBM Q Network – to explore practical uses of quantum computing systems
- According to Sky, Former Barclays Chief Bob Diamond mulls UK retail banking return with Tandem stake is in talks to buy a stake in Tandem
6. Payments News: Europe – SEPA, PSD2
- Accenture report their Open Banking findings from 80 payments executives from across Europe
7. Payments News: SWIFT
8. Payments News: Reports
- Bank of Canada – Central Bank Digital Currency: Motivations and Implications
- Guy Halford-Thompson introduces The Thin Wedge Approach to Innovation
- Saxo Bank – 2018 Outrageous Predictions
- Deutsche Bank – Cryptocurrencies and blockchains – their importance in the future
- P.A.ID – Survey of UK Banks’ Capability for Digital Customer On-Boarding
- University of Cambridge – ENTRENCHING INNOVATION – The 4th UK Alternative Finance Industry Report
That’s it folks! Let me know below if I missed anything important…
Merry Christmas 🙂