IBS Journal October 2016
17
Barclays/CommBank in apps tie up
Barclays have teamed up to connect their CommBank and Pingit apps, enabling customers to move money between Australia and the UK via their mobile devices.
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Paul Compton, Barclays Group Chief Operating Officer, says: “Technology is transforming the financial services industry and fundamentally changing what our customers and clients want and need from us. This announcement marks the first time our Pingit app has allowed two-way cross border payments, enabling our customers to send and receive money to and from Australia quickly, easily and securely. Our partnership with CBA demonstrates how large institutions can and should work together to provide innovative solutions that benefit both customers, and the banking industry as a whole.”
Deloitte backs Bitcoin with BTM
installed a Bitcoin ATM (aka BTM) in the downtown Toronto offices of its Rubix blockchain division. This was manufactured by Ottawa-based Bitaccess and enables users to buy and sell Bitcoins using Canada dollars.
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“Our research shows that rapid advances in technology are disrupting many industries here in Canada and bringing significant changes to our business landscape,” says Ian Chan, Partner and Deloitte’s Exponentials and Innovation Leader. “Blockchain is one such exponential technology. We hope that this BTM will increase people’s understanding and access to Bitcoin, so that they’re better prepared to embrace and respond to the advancement of blockchain.”
“Deloitte has shown themselves to be a leader in financial innovation through their Rubix team. Partnering with Deloitte on this project is a natural fit for Bitaccess. It further advances our mission to commercialise blockchain
ig Four accounting firm Deloitte has
technologies,” comments Moe Adham, Co-founder of Bitaccess.
Scott Thompson ommonwealth Bank of Australia and
The solution will be available to retail customers in the last quarter of the year.
Scott Thompson
www.ibsintelligence.com
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