07 March 2015

Latest News

Retail banking

Google rolls out auto insurance comparison site in US

15 hours ago  |  1235 views  |  1 comments | 3 tweets | 4 linkedin

Google is rolling out a car insurance comparison site in California, with more states to follow.

Payments

PayPal's Schulman lays out plan to rule the digital commerce world

06 March 2015  |  4386 views  |  2 comments | 17 tweets | 13 linkedin

Incoming chief Dan Schulman has set out his vision for turning PayPal from a button on a website into the operating system for digital commerce.

Retail banking

70% of Americans prefer digital to branch for account opening

06 March 2015  |  2779 views  |  0 comments | 20 tweets | 10 linkedin

Nearly three quarters of Americans would rather apply for a checking account digitally than at a bank branch, according to a survey from Javelin Strategy & Research.

Mobile & online

In the future, BBVA will be a software company - Francisco Gonzalez

05 March 2015  |  9577 views  |  4 comments | 50 tweets | 31 linkedin

Fresh from his forecasts last month that half of the world's banks would get left behind by the digital revolution in financial services, BBVA chairman Francisco González has mapped out a new future for his organisation, not as a bank, but as a software company.

Transaction banking

Swift Nordics Conference - Live Blog Day 2

05 March 2015  |  2773 views  |  0 comments | 3 tweets

The main theme for the Swift Regional Conference in Copenhagen this year is disruption. The programme will explore the different challenges arising from newcomers, technology and regulation. It will look at how the financial industry can cope and turn these challenges into opportunities.

Start ups

Efficiency is no longer a strategy, it is a necessity for banks - Finextra Research

05 March 2015  |  4236 views  |  0 comments | 27 tweets | 31 linkedin

At least 67% of bank IT budgets are still being spent on maintenance and compliance rather than transformative projects that can create value, according to research conducted by Finextra on behalf of CSC.

Payments

ID fraudsters stole $16bn from Americans in 2014 - research

05 March 2015  |  2981 views  |  0 comments | 16 tweets | 13 linkedin

Identity fraudsters stole $16 billion from 12.7 million Americans last year, with a new victim every two seconds, according to Javelin Strategy & Research.

Payments

Canadians honour Nimoy by 'Spocking' bank notes

05 March 2015  |  2914 views  |  0 comments | 12 tweets | 7 linkedin

The craze for defacing Canadian $5 bills to make former prime minister Wilfrid Laurier look like Star Treck's Spock is not illegal but is "inappropriate," says the country's central bank.

Risk & regulation

Lloyds and AmEx back fintech startup competition

04 March 2015  |  4417 views  |  0 comments | 15 tweets | 2 linkedin

Some of the biggest names in financial services are throwing their weight behind a UK competition giving fintech startups the chance to win a share of a £175,000 cash prize pot.

Security

Bank of America sued over $1.03 million cyber-breach

04 March 2015  |  2892 views  |  0 comments | 8 tweets | 11 linkedin

A Washington hospital has filed a lawsuit against Bank of America to recover some of its losses from a $1 million cyber-breach in 2013.

Retail banking

RBS transforms 'executive wing' into entrepreneurial hub

04 March 2015  |  4191 views  |  0 comments | 10 tweets | 5 linkedin

Government-owned lender RBS has found a novel use for its former 'executive wing' at its Scottish HQ, transforming the space into a startup accelerator for entrepreneurs and innovation.

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