Which? has compared the online security of 12 of the UK’s biggest banks, with NatWest coming out on top. The consumer affairs body has tested the security of providers’ online banking based on login, encryption, account management and navigation. NatWest’s score of 83% was the best return by a comfortable margin, with Nationwide in second […]
HSBC is inviting early adopters to join a beta test of its forthcoming app-only business banking offshoot Kinetic. The bank is joining the growing wave of UK financial institutions rolling out app-based business banking services. With neobanks such as Starling, Monzo and Revolut already shaping their offerings, established institutions such as Nationwide and RBS – […]
Facebook is taking on Venmo, Apple Pay and others with a consolidated payments service that works across its main app, Messenger, Instagram and WhatsApp. People have been able to make purchases and send money to each other through Facebook’s various apps for some time but the new Facebook Pay service promises to make the experience […]
JPMorgan Chase has moved to bolster its valuable wholesale payments business by building an e-wallet that lets e-commerce and gig economy firms such as Amazon and Airbnb offer their customers virtual bank accounts. With technology giants increasingly moving in on banks’ turf, JPMorgan Chase has decided that its best option is to help them do […]
UK fintech Curve is now allowing its users with Android-operating devices to shop with Google Pay. The ‘over-the-top’ banking platform provides its users with a single Curve card which can make payments from any other bank card they have. Curve’s integration with Google Pay means its users will be able to link all their bank […]
The Federal Aviation Administration has allowed Wing, an Alphabet-owned drone delivery service, to perform at home deliveries using the vehicles. TechCrunch is reporting that it’s the first time a drone delivery company has earned the distinction, and it’s in partnership with FedEx Express and Walgreens. Wing was awarded an Air Carrier Certificate from the FAA that allows for […]
International fintech entrepreneurs are watching the local financial technology sector closely and warn Australia may not be prepared for the new world of banking just around the corner. Next February, Australia’s “consumer data right” will be put into action when banks will be required to share customer information on a range of products including mortgages […]
Australia’s flag carrier Qantas completed on Sunday a non-stop test flight from New York to Sydney, researching how the world’s longest potential commercial airplane journey of nearly 20 hours would impact pilots, crew and passengers. Carrying 50 passengers and crew on board, Qantas Flight 7879 on a new Boeing 787-9 Dreamliner touched down in Sydney […]
Dubai is all set to reap the benefits of six-month long Expo 2020 as the countdown for the mega event starts today. The emirate is expected to grow over 4 per cent in the next one year as economic activity gains momentum, which will benefit the construction, interior fit-outs, banking, hospitality, aviation, event management and […]
While everyone’s heard of Bitcoin, not everyone knows how it works. So, here’s a technical yet accessible explanation to ensure you are up to speed. Australian crypto exchange Mine Digital has outlined the origins of the cryptocurrency and why it’s so secure, so if you’ve always dreamed of investing in a decentralised alternative to traditional currency […]
A group of leading financial institutions have come together to develop a new technology platform to streamline communications within the primary market. The backers of the new DirectBooks platform include Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo. DirectBooks aims to bridge the communications gap between […]
UK bank NatWest has teamed up with a social mobility charity to launch a digital and innovation apprentice programme. Working with Leadership Through Sport & Business (LTSB), the bank invited applicants from communities across several London boroughs to take part in a month-long boot camp in September, where they were assessed on their decision-making and […]
Dubai ranks third among the world’s top cities that are expected to grow strongly in terms of total wealth over the next 10 years, according to a study released on Thursday. “Dubai, the top financial centre in the Middle East, is also one of the safest cities in the region and a popular destination for […]
The UAE has launched economic free zones and infrastructure for space firms, with 100 per cent ownership, to attract more space investment into the country. This is part of the National Space Strategy 2030 and Space Investment Plan, which has now been approved by the government and is in effect. The UAE Space Agency made […]
The U.S. and the U.K. have signed a first-of-its-kind agreement that will allow law enforcement agencies in the countries to access data from tech companies more quickly in criminal investigations. In a press release late Thursday, the Justice Department said the historic agreement will “dramatically speed up investigations by removing legal barriers to timely and effective […]
