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BACKCHAT / DIARY Backchat


donations each year by only accepting cash, according to the latest ‘RIP notes and coins’ research from Barclaycard.


U


How, we hear you cry, did it reach this conclusion? It is based on the ONS estimate of 49,921,573 GB adults aged 18+. 15.38% of consumers surveyed said they have walked away from a donation in the past year because they could not give by card. This equated to 7,677,937 Brits. On average they skipped out 4.31 times, with the average amount lost £2.48. And that gets you to £82,067,941. Simples.


You won’t be surprised to learn that Barclaycard has a dog in this fight. It recently led a trial of 100 portable donation boxes, the first in the market to accept both chip and PIN and contactless including wearables and mobile devices. It all went swimmingly (natch).


Oman-based Bank Sohar has gone live with its upgraded core banking system, Infosys Finacle, IBS Journal understands. It had been previously running version 9.2 of the software and has now moved up to 10.2.18. The bank has also implemented a new middleware analytics platform, also from Infosys.


Bank Sohar completed the project within 13 months, aided by implementation partner Cedar Management Consulting. The analytics solution included in the package will enable the FI ‘to analyse all data – unstructured, structured, and semi-structured – from all kind of sources, including social media sites, enterprise systems, ATM and web logs, among others,’ according to Infosys. For its Islamic banking operations, Bank Sohar uses the iMAL core banking system, supplied by Path Solutions. It went live with this in mid-2013.


The Hong Kong Securities and Futures Commission has joined the R3 CEV blockchain consortium. The regulator is working with R3’s member banks and blockchain ventures to test the technology’s capabilities for recording and settling securities and futures transactions.


R3 Managing Director Charley Cooper says that such collaborations are vital if blockchain innovations are to be adopted by the banking sector and others. “Both sides need to understand why this tech works and what needs to be changed to make it comply,” he comments.


Question: If you start a FinTech Twitter war, can you rightfully turn around and cry ‘no fair!’ when the other party hits back? Answers on a postcard please to the usual address.


IN THE NEXT ISSUE Feature Focus: Global banking technology and Sales League Table


IBS Intelligence is a prominent media partner of many fintech industry events worldwide. If you are interested in a media partnership with us and marketing opportunities


Please Contact:


Abhijit Chakravarty, Marketing Manager: Email: abhijitc@ibsintelligence.com


K charities may be missing out on more than £80 million in


Diary APRIL


26-27: FinovateSpring 17, San Jose http://europe2017.finovate.com


MAY


09-10: IFINTEC, Istanbul www.ifintec.com


JUNE


26-28: Money 20/20 Europe, Copenhagen money2020europe.com


OCTOBER


4-5: PayExpo Europe 2017, London www.payexpo.com


16-19: Sibos 2017, Toronto www.sibos.com


22-25: Money 20/20, Las Vegas www.money2020.com


www.ibsintelligence.com © IBS Intelligence 2017


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