There’s good news for fintech challengers trying to compete with established retail bank products like current accounts this morning. *|MC:SUBJECT|*
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9th August 2016
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Dear Subscriber,

The pressure is on. New regulation means UK retail banks have two years to “fully exploit” the potential of technology including making it easier for customers to control their own financial data. We take a closer look at what that means in our lead story.

Elsewhere in the newsletter, Azimo is integrating with Facebook’s Messenger service, which now has 1bn monthly users, as it looks to make international money transfer as easy as sending a message. We take a look at the evolution of social payments.

We also continue our coverage of payment innovations at the Rio Olympics. The capital’s public transit operator, RioCard, has revealed that it will provide residents and visitors with contactless wearable devices that will work on buses, ferries, the subway and trains during the two-week event.

Enjoy!

Headline News
 

There’s good news for fintech challengers trying to compete with established retail bank products like current accounts this morning.

UK Banks given two-year deadline to embrace fintech
 
Rio Olympics 2016
 

The 2016 Olympic Games kick off in Rio de Janeiro with a payment innovation as the capital’s public transit operator, RioCard has revealed that it will provide residents and visitors with contactless wearable devices that will work on buses, ferries, the subway and trains.

Rio's public transport network is accepting wearable payments during the Olympics
 
Insights in Focus
 

Azimo customers can now send remittance payments to family and friends via Facebook Messenger.

Azimo lets customers send money via Facebook Messenger
 

Spain was landed with a unique set of challenges after the financial crisis, but could these developments have presented opportunities for players in the Spanish payments market (and beyond)? PaymentEye spoke to Gustavo Medina, general manager at TNS in Spain, to find out.

Spanish fintech ecosystem needs its own Uber to flourish (sponsored)
 
More Insights More Insights
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