FSTech

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FS firms rush to install automated tax software

More than half (51 per cent) of finance workers within UK businesses say their firm has rushed to implement new software in the last 12 months to meet new reporting demands. Research conducted by spend management software company Compleart found…

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Central bank group to assess digital currencies

The Bank of England, Bank of Canada, Bank of Japan, European Central Bank, Sveriges Riksbank and Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experiences as they assess the potential cases…

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Amazon working on ‘pay by wave’ tech

Amazon is working with Visa to develop a contactless biometric identification system to let customers to pay by waving their hands through a scanner. The Wall Street Journal reported that the e-commerce giant is working with Visa, and is in…

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HSBC launches API-based global payments

HSBC has launched FX Flexpay, which lets clients make automated, international payments in more than 140 currencies, using a single Application Programming Interface (API). FX Flexpay connects Global Disbursements – the bank’s process for cross-border, low value mass payments –…

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Vive lands UK banking licence

Fledging challenger bank Vive has been awarded a banking licence, with restriction, by the Bank of England. Vive is aiming to fully launch itself as bank in the second quarter of 2020 with a suite of personal loans, a fixed…