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19/06/2017

Launched in 1995 as a telephone-based banking offshoot, Openbank has since grown to provide a suite of mobile and online services to one million customers in Spain.

Banco Santander is overhauling the operations of its direct banking subsidiary in Spain, transferring all IT assets and client transactions to the cloud and revamping its online and mobile presence as part of a group-wide mission to recruit 30 million digital customers by 2018. Launched in 1995 a

19/06/2017

During a four-step process, the attack asks for the user’s address, payment card data, and a picture of the user holding his ID card. PayPal

A PayPal phishing site has been spotted asking victims to submit a selfie holding their ID card, according to Bleeping Computer. Moreover, users are tricked into giving away also their PayPal credentials and payment card details. During a four-step process, the attack asks for the user’s address, p

19/06/2017

With 75% of all customers choosing MONESE as their salary receiving account, the introduction of direct debits has come in response to direct demand from users.

The transformation of mobile account provider Monese into a full-service bank has moved a step closer with the introduction of direct debits and Faster Payments. Monese, which is aimed at expats and immigrants who typically struggle to get a traditional bank account, currently has over 65,000 cus

15/06/2017

HiPay Mobile has created new infographic for UK ecommerce growth finding that e-shoppers represent 77% out of a population of 65.14 million, with an annual ecommerce turnover over GBP 130 billion.

HiPay has created new infographic for UK ecommerce growth finding that e-shoppers represent 77% out of a population of 65.14 million, with an annual ecommerce turnover over GBP 130 billion. In spite of some economic downturn due to Brexit, UK ecommerce is first in Europe and third in the world with

15/06/2017

A stellar line-up of 27 senior bankers and fintech experts will be onstage at the Finextra SAP Financial Services Forum in London next month to detail winning strategies for banks competing in a digitally-driven business market. Now in its sixth year, the FS Forum organised by Finextra and SAP br

15/06/2017

HSBC has launched a digital marketplace platform connecting buyers with suppliers around the world. Businesses in Canada, Mainland China, Hong Kong, India, Mexico, Singapore, the UK and the USA can now sign up to the multi-lingual HSBC Connections Hub for free. The service will be available to cu

15/06/2017

Europe's largest lender by assets, HSBC, faces a new legal challenge over alleged historical manipulation of the foreign exchange markets, according to a report from the Financial Times on Wednesday. The FT says that the bank could face legal proceedings over allegations that some of its traders

15/06/2017

Currently, the mobile bank has GBP 500 million in loans and deposits, but it has stalled its expansion plans, which involved launching current accounts, in spite of managing to secure funding of GBP 83 million in March 2017. Atom Bank

Atom, a UK-based digital bank, has postponed plans to release current account, at least until 2018 because of forthcoming regulations. Currently, the mobile bank has GBP 500 million in loans and deposits, but it has stalled its expansion plans, which involved launching current accounts, in spite of

15/06/2017

Western Union has been trailing an integration with digital currency exchange Coinbase, in which the remittance company will appear within the web app of the exchange. Currently, the project is being piloted with Western Union employees and has entered into development in 2016, company representati

15/06/2017

Kotak Mahindra Bank Ltd. has successfully completed an end-to-end trade finance transaction with a client over a blockchain.

Kotak Mahindra Bank has successfully completed an end-to-end trade finance transaction with a client over a blockchain. According to a report, the bank teams up with Deloitte to complete the trade finance test with partner bank JP Morgan Singapore. A traditionally paper-intensive process, trade

15/06/2017

Once the users enters their Westpac customer ID and password into the phishing page, the criminals use the credentials to log in to the real Westpace online banking and transfer money to themselves.

Cybersecurity company MailGuard has detected suspect emails that attempt to collect personal and banking information of Westpac customers. When clicking the link send via email, the user is taken to a fake Westpac login page hosted under the internet domain of a Tanzanian guesthouse, which MailGuar

15/06/2017

The new team will work for all German Societe Generale business entities, which are already collaborating with some 20 of the country’s startups.

Societe Generale is sending a dedicated team of staffers to collaborate with fintech startups in Germany through a partnership with Berlin-based innovation hub, Factory. The move is part of a concerted effort by the French bank to create an international innovation network by building strong ties