04 May 2015

Latest News

Start ups

BBVA Compass taps social media for small biz ideas contest

01 May 2015  |  1866 views  |  0 comments | 2 tweets | 1 linkedin

BBVA Compass has launched a contest inviting small businesses to use Twitter and Instagram to pitch for cash rewards.

Wholesale banking

Barclays launches £100 million fund for fast-growing tech firms

01 May 2015  |  4769 views  |  0 comments | 16 tweets | 10 linkedin

Barclays Bank is launching a £100 million fund to provide debt-financing to help fast-growing UK tech startups.

Start ups

Visa Europe opens innovation hub

01 May 2015  |  7692 views  |  2 comments | 30 tweets | 19 linkedin

Visa Europe has launched an innovation hub, promising to help startups build payments-related technologies and services, with the best being rolled out to the card giant's member banks, retailers and consumers.

Retail banking

Ex-JPMorgan staffer charged with selling customer account info

01 May 2015  |  2176 views  |  0 comments | 2 tweets | 1 linkedin

A former JPMorgan Chase worker has been arrested by the FBI on charges that he stole customer account information and sold it to an undercover informant.

Cards

Romanian police bust $15m cybergang

30 April 2015  |  2508 views  |  0 comments | 7 tweets | 3 linkedin

Romanian police have arrested 25 people accused of being part of a cybergang that used cloned cards to steal more than $15 million in thousands of ATM withdrawals around the world.

Mobile & online

USAA leads $30 million investment in PFM outfit MX

30 April 2015  |  2033 views  |  0 comments | 14 tweets | 21 linkedin

Personal financial management startup MX - formerly MoneyDesktop - has raised $30 million in Series A financing, led by USAA via a subsidiary, with participation from Japanese incubator Digital Garage.

Mobile & online

TSB to double digital team while investing in branch network

30 April 2015  |  3631 views  |  0 comments | 17 tweets | 7 linkedin

The UK's TSB is to double its digital banking team, creating 42 new jobs, and re-invest in its branch network as it pursues a bricks'n'clicks strategy for the business.

Security

Ryanair bank account raided for $5 million

30 April 2015  |  3394 views  |  0 comments | 7 tweets | 8 linkedin

Budget airline Ryanair has had its business banking account plundered to the tune of $5 million by unidentified hackers.

Virtual currency

Malawi takes steps to create a digital payments ecosystem

30 April 2015  |  3917 views  |  0 comments | 16 tweets | 10 linkedin

Plans to develop a payments infrastructure in order to address poverty and financial inclusion were announced at an event organized by the Government of Malawi with the United Nations Capital Development Fund’s (UNCDF), Better Than Cash Alliance and Mobile Money for the Poor initiatives.

Virtual currency

Goldman Sachs invest in Circle

30 April 2015  |  3841 views  |  1 comments | 5 tweets | 7 linkedin

Circle, a consumer finance provider that allows users to make payments using digital currencies, has announced a new $50 million strategic investment round co-led by Goldman Sachs and IDG Capital Partners.

Virtual currency

UBS gets cryptic with crypto job ad

30 April 2015  |  3633 views  |  1 comments | 11 tweets | 8 linkedin

UBS has devised a novel way of weeding out unsuitable candidates for roles at its new London innovation lab: tweeting a cryptic message that sends job seekers on a hunt to the blockchain.

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