01 December 2015
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Risk & regulation

Mobile-first Tandem gets UK banking license

14 hours ago  | 0 comments | 18 tweets | 15 linkedin

Tandem, a digital banking startup led by Azimo founder Ricky Knox and Capital One's Matt Cooper, has secured a license from the BofE, paving the way for it to join the scrum of challengers taking on Britain's high street lenders.

Bank customers in Singapore have been warned of a rise in malware infections on Android phones that seek to hijack online passwords and one-time security codes.

A move by Costa Rica's state bank to set up bank branches exclusively for women has backfired spectacularly, with critics dubbing the pink-bedecked outlets the 'Barbie Bank' for reinforcing gender stereotypes.

Retail banking

Challenger banks boosted by UK Government

4 hours ago  | 0 comments | 10 tweets | 3 linkedin

The UK Government has confirmed a range of measures designed to help challenger banks take on the establishment, including extension of the Funding for Lending Scheme (FLS) for SMEs, the launch of a new regulatory bank startup unit, and the establishment of a high level advisory group to review banking competition.

Retail banking

German mobile payments outfit Yapital wound down

14 hours ago  | 3 comments | 6 tweets | 6 linkedin

German retail giant Otto Group is shutting down its Yapital mobile payments business, blaming a competitive market and weak consumer take up.


Fintech firm Tyro raises A$100m to take on Australia's banks

30 November 2015  | 0 comments | 7 tweets | 7 linkedin

Australian Eftpos outfit Tyro Payments has scored a A$100 million funding round to help it move into banking, taking on the country's traditional lenders in the battle for small business customers.

Features and analysis

More News

Plans by ANZ to relaunch its Internet banking system to provide a consistent user experience across all devices came to fruition in an unexpected way on Monday, as technical gremlins managed to shut down services across customer desktops, tablets and mobiles for six hours during the upgrade.

Kakao, the operator of South Korea's largest mobile messaging app, and telco KT Corp., have won approval from the Government to open the country's first Internet-only banks.

Start ups

Lloyds invites smart savings startup to work at its digital hub

30 November 2015  | 0 comments | 13 tweets | 10 linkedin

Swave, a smart savings startup founded by two former hedge fund data crunchers, is to undergo a 12-week innovation immersion with Lloyds Banking Group after winning a financial literacy challenge run by Innovate UK.

Retail banking

Swatch teams with Visa to launch pay-by-wrist watch

30 November 2015  | 2 comments | 24 tweets | 19 linkedin

Swatch has partnered with Visa to launch its 'pay-by-the-wrist' Bellamy watch in the US, Switzerland and Brazil in early-2016.

Latest company announcements

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