Open banking is a test of trust for financial firms: What lenders face in their quest to win customers’ confidence March 5, 2018 Open banking, the new initiative threatening to tear up the banking rule book, has the power to revolutionise how people manage their money. For the first time, customers will be able to give companies other than their bank access to their financial data, opening retail and business banking to fresh competition and delivering more choice, [...]
Nintendo Labo hands-on preview: Can cardboard really be the next step for Nintendo? February 21, 2018 Cardboard. Often seen mashed into a pulpy brown rectangle on the side of a rain-soaked street or driven through at high speed by a getaway driver fleeing a daring museum heist, this ubiquitous corrugated material has permeated modern life in a way that few others can boast. Tin had a good run. Stainless steel is [...]
Metro Bank, Deloitte and Setl are testing a blockchain-based contactless card November 15, 2016 Metro Bank, Deloitte and blockchain startup Setl have created a card for making simple contactless payments such as buying a morning coffee, using the distributed ledger technology (DLT) in a trial that's understood to be the first of its kind. The card has been tested by 100 people as part of the City watchdog's fintech sandbox [...]
Barclays is working with startup Flux to make your receipts digital and paperless November 13, 2017 Barclays is the latest major bank to turn to a startup as we approach the era of Open Banking, when high street banks will have to work even harder to keep up with newer and more digital rivals. The bank is working with Flux, a UK fintech, for making receipts digital, initially in a trial [...]
Barclays is working with startup Flux to make your receipts digital and paperless November 13, 2017 Barclays is the latest major bank to turn to a startup as we approach the era of Open Banking, when high street banks will have to work even harder to keep up with newer and more digital rivals. The bank is working with Flux, a UK fintech, for making receipts digital, initially in a trial [...]
All of London’s black cabs will take contactless payments from Halloween October 28, 2016 Are we about to witness the death of cash? That may be slightly premature, but London's black cabs have announced a big step forward and it means passengers won't be hindered by only having cards on them. Passengers will be able to pay for any journey using solely credit and debit cards, including contactless payments [...]
Paper train tickets will be a thing of the past by the end of 2018 as UK rolls out £80m Oyster-style smart card plans October 3, 2017 The orange train ticket familiar to anyone who travels by rail across the UK will be a thing of the past by the end of next year. Ambitious plans to introduce a smart ticketing system that lets travellers use a mobile phone or Oyster-style smartcard to “almost all of the rail network by the end [...]
Paper train tickets will be a thing of the past by the end of 2018 as UK rolls out £80m Oyster-style smart card plans October 3, 2017 The orange train ticket familiar to anyone who travels by rail across the UK will be a thing of the past by the end of next year. Ambitious plans to introduce a smart ticketing system that lets travellers use a mobile phone or Oyster-style smartcard to "almost all of the rail network by the end [...]
Transport for London gives the Oyster card a revamp with a new app that will send low balance alerts to your phone July 19, 2017 Transport for London (TfL) has announced a flurry of changes to the Oyster card, including a new app for passengers to get phone alerts when their balance is running low. Those who top up their pay as you go credit, or buy Travelcards using Oyster online can now collect their purchase from any Tube or [...]
The End of Cash? Beware sleepwalking into a world without hard currency November 23, 2017 As global wealth has accumulated over time, so the demand for hard cash has waned. A mere eight per cent of the world’s money is in notes and coins, according to estimates using World Bank data. Depending on where one looks, the days of physical currency seem numbered. In the UK, especially in London, cashless [...]