02 October 2014

Latest News

Retail banking

Barclays fintech accelerator startups make pitches

2 hours ago  |  1027 views  |  0

After three months of intensive work, the 11 fintech startups on Barclays' accelerator programme this week pitched their efforts to the great and the good.

Wholesale banking

Wall Street firms take on Bloomberg with new messaging platform

7 hours ago  |  1053 views  |  0

A group of Wall Street firms, led by Goldman Sachs, has acquired instant messaging outfit Perzo and set up a new company to help them break free of their reliance on Bloomberg.

Retail banking

Tangerine brings biometrics to mobile banking

11 hours ago  |  1600 views  |  0

Canadian digital bank Tangerine is revamping its mobile app to enable customers to log in using Apple's Touch ID technology and issue commands through speech.

Transaction banking

Deutsche Bank speeds Swift standards uptake on Autobahn

13 hours ago  |  1317 views  |  0

Swift's MyStandards tool is to be made available via Deutsche Bank's Autobahn Apps Market.

Retail banking

Wells Fargo steps into Oculus Rift at new digital lab

17 hours ago  |  1618 views  |  0

Wells Fargo has established a digital lab to test the use of bleeding edge technologies such as smart wearables and virtual reality headsets in banking.

Mobile & online

FCA examines move to full bank account portability

01 October 2014  |  2476 views  |  2

The UK's Financial Conduct Authority will explore the introduction of full bank account portability as part of a review into the country's existing current account switching service.

Retail banking

Reddit ponders own cryptocurrency to distribute shares to community

30 September 2014  |  2558 views  |  0

After closing a $50 million funding round, Reddit could create its own cryptocurrency as a way of handing over shares in the platform to its massive user-base.

Payments

Yodlee Interactive adds location-based insight to financial data API

30 September 2014  |  2371 views  |  0

Yodlee Interactive is launching a private beta programme that will marry its transactional data with geo-location information in an effort to make app offerings more personalised.

Start ups

Dwolla looks to new markets after CME Group investment

30 September 2014  |  2068 views  |  0

Dwolla has raised $9.7 million in a funding round led by exchange operator CME Group in a move that signals the digital payments startup's intentions to move beyond the retail world.

Start ups

$10 million startup fund aims at Stripe ecosystem

30 September 2014  |  2183 views  |  0

General Catalyst Partners is to invest $10 million in venture capital for market-changing businesses and applications built on the Stripe Connect platform.

Payments

BofA Merrill Lynch lets firms use mobile numbers to pay customers

30 September 2014  |  2391 views  |  1

Bank of America Merrill Lynch is tapping the technology behind its P2P payments service to launch a system that lets companies send money directly to customers' accounts using their mobile number or email address.

Retail banking

EBay and PayPal to split

30 September 2014  |  3594 views  |  0

EBay is to spin off Paypal into a publicly traded company in 2015 and has appointed American Express executive Dan Schulman as president and CEO of the payments business in anticipation of the move.

Retail banking

Payments industry challenged by soaring growth in non-cash transactions

30 September 2014  |  4182 views  |  0

Non-cash payments volumes are expected to increase by nearly 10% percent to reach 366 billion transactions in 2013, fueled by strong growth in developing markets and mobile payments, according to the 10th annual World Payments Report from Capgemini and Royal Bank of Scotland (RBS).

Security

FS firms gear up for .bank domains

30 September 2014  |  2882 views  |  0

Financial services firms will be able to use '.bank' domains from next year after a collection of industry organisations struck a deal with Icann.

Payments

Deutsche Bundesbank and EBA Clearing team on XML-based card clearing service

30 September 2014  |  2162 views  |  0

Germany's central bank is working with EBA Clearing to build a new XML-based infrastructure for clearing debit card transactions for the country's financial institutions.

Wholesale banking

Swift offers one year free access to KYC Registry

29 September 2014  |  2761 views  |  0

Swift will give free access to its new KYC Registry throughout 2015 to banks that contribute their own data to the service.

Retail banking

Banks shut branches and ATMs as Hong Kong unrest grows

29 September 2014  |  2003 views  |  0

Several banks in Hong Kong, including Standard Chartered, have shut down branches and ATMs and advised customers to use online and mobile services, as tensions between pro-democracy demonstrators and police on the island grow.

Retail banking

NatWest and RBS to launch accelerator hubs for entrepreneurs

29 September 2014  |  2191 views  |  0

NatWest and RBS are to open a network of eight new business accelerator hubs offering free workspace, hands on mentoring, a start up 'bootcamp' and a free programme of up to 18-months of advice, support and funding clinics for budding entrepreneurs.

Security

Isbank implements TouchID for mobile banking on the iPhone

29 September 2014  |  2612 views  |  0

Turkey's Isbank has enabled Apple's TouchID fingerprint log-in for mobile banking on the iPhone.

Retail banking

Misys on the block as Vista Equity Partners agrees Tibco acquisition

29 September 2014  |  6517 views  |  0

Vista Equity Partners is seeking buyers for core banking supplier Misys after agreeing a $4.3 billion deal to acquire business process software firm Tibco.

Retail banking

POS manufacturer breach puts cards at risk

29 September 2014  |  3178 views  |  1

Some 324 restaurants across the United States have had card data swiped following a breach at POS manufacturer Signature Systems.

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