BayPay Members Blogs

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Agile and testing: What banks need to know

Agile — a testing framework introduced in 2001 — is now being used across various banks in order to cater to their IT project needs. The basic principles of the...
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RBC introduces in-branch video interpretation app

Canada's RBC has rolled out a language app that lets customers visiting branches talk to qualified interpreters over a video link. When a customer who need an interpreter visits a branch,...
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Will Blockchain Technology Revolutionize the Banking Industry?

  An Industry under Pressure Over the last decade, every industry has been revolutionized by technology thanks to tsunami-like forces at work in the digital economy.  The effects of digitization...
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Russian MP's son convicted of card hacking

The son of a Russian lawmaker has been convicted in a US court of the theft and sale of millions of credit card numbers. A jury found Roman Seleznev guilty of...
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ACAPM releases financial benchmarks forum

Financial Benchmarks Specialist Advisory firm, Associates in Capital Markets (ACAPM) announced the release of social forum to collaborate on LIBOR, EURIBOR and other such critical Financial Benchmarks. Financial Benchmarks arena has...
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Blockchain: Some Remarkable Announcements!

While Blockchain is seen by many as a network phenomenon that needs large market participation, collaboration and interoperability to succeed, both R3CEV and a group of four large global banks...
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Chase goes the extra mile in auto financing

Chase is going the extra mile in its auto-financing business, providing an online platform where users can specify and shop for new and used cars and secure a loan through their...
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India's Unified Payments Interface goes live with 21 banks

India's Unified Payments Interface (UPI) is going live for customers of 21 banks, paving the way for a P2P payments revolution in the country. Run by the National Payments Corporation of...
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BGC Partners to buy Canadian e-trading platforms outfit Perimeter Markets

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company servicing the financial and real estate markets, today announced that BGC1 has entered into an...
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Mondo becomes Monzo

After sifting through thousands of submissions from the public and rejecting such tempting options as Banky McBankface and Mayonnaise, British app-only challenger bank Mondo has unveiled its new name: Monzo Having...
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Boomers value tech for managing retirement savings

When it comes to managing their finances and health, millennials place a much higher value on the use of technology compared with baby boomers. Surprisingly, those generations place an equal value...
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Lost and stolen devices account for 1 in 4 breaches in the financial services sector

Bitglass, the total data protection company, today announced the availability of its Financial Services breach report, an analysis of all breaches in the sector since 2006, with data aggregated from public...
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OT secure element gets certifications

OT (Oberthur Technologies), a global provider of embedded security software products and services, today announces that its embedded Secure Element, PEARL by OT, is the first eSE worldwide to be certified...
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KGI Securities extends use of Horizon trading platform

Horizon Software (Horizon), a global technology provider for electronic trading and investment management, today announced that KGI Securities (Thailand) Plc, Ltd., (KGI), one of the leading securities firms in Asia, will...
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Goldman Sachs gets into marketplace lending with $100 million credit line for Fundation

Fundation Group LLC, a digitally-enabled lender and credit solutions provider, today announced that it has obtained a $100 million asset-backed credit facility from Goldman Sachs. Fundation will use this credit facility...
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AxiomSL connects with aosphere for global shareholding disclosure reporting

AxiomSL, the global leader in regulatory reporting and risk management solutions announced today it would provide a new shareholding disclosure service using content from online legal services provider aosphere LLP, an...
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IPC and Post-Quantum collaborate for next-generation security

IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announced its collaboration with Post-Quantum, a U.K.-based cyber-security firm, to integrate biometric, encryption...
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NCR introduces digital consulting practices

NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced a new set of next-generation consulting services for the financial services, retail and hospitality industries. The new practices advance...
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Global Fintech Hubs Federation launches

Innotribe, Swift's innovation arm, and London-based Innovate Finance have signed up more than 20 countries to a new Global Fintech Hubs Federation (GFHF) that will work to bring together the international...
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US banks rebrand P2P payments service to take on Venmo

America's banks are stepping up their assault on Venmo by rebranding their clearXchange person-to-person payments service to the more consumer-friendly Zelle. Run by Early Warning for its owners - Bank of...
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