30 May 2015
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Uber and Zopa team on car loans for drivers
Retail banking

Uber and Zopa team on car loans for drivers

06 May 2015  |  5815 views  |  0 comments | 21 tweets | 13 linkedin

Uber has struck a deal with peer-to-peer lender Zopa to offer its London-based drivers financing for new cars.

PayPal founder Levchin raises $275m for lending startup
Cards

PayPal founder Levchin raises $275m for lending startup

06 May 2015  |  5340 views  |  3 comments | 15 tweets | 8 linkedin

Affirm, a fintech startup led by Paypal co-founder Max Levchin that lets online merchants advance credit to consumers at the point of sale, has raised $275 million in debt and equity financing.

02 buys out partners in Weve consortium
Retail banking

02 buys out partners in Weve consortium

06 May 2015  |  3345 views  |  1 comments | 4 tweets | 5 linkedin

O2 has bought out its partners in the Weve mobile commerce consortium and will run the business as a standalone subsidiary.

Finra backtracks as opposition to Cards projects mounts
Risk & regulation

Finra backtracks as opposition to Cards projects mounts

06 May 2015  |  2413 views  |  0 comments | 3 tweets | 1 linkedin

In the face of fierce opposition from industry bodies, Wall Street watchdog Finra appears to be backtracking on proposals to introduce an automated data collection system designed to help identify risky and suspicious activities.

US authorities throw the book at Ripple Labs
Wholesale banking

US authorities throw the book at Ripple Labs

06 May 2015  |  6343 views  |  1 comments | 34 tweets | 16 linkedin

Ripple Labs has been fined $700,000 by the US Financial Crimes Enforcement Network (FinCEN) in the first successful civil enforcement action against a virtual currency exchange.

MasterCard targets startup vibe with relaxed dress code
Start ups

MasterCard targets startup vibe with relaxed dress code

06 May 2015  |  5531 views  |  1 comments | 7 tweets | 6 linkedin

With Silicon Valley threatening to eat its lunch, MasterCard is hoping to bring a little startup cool to its headquarters by inviting staffers to ditch their suits for jeans and sneakers.

European lawmakers agree revised Payments Services Directive
Security

European lawmakers agree revised Payments Services Directive

05 May 2015  |  18940 views  |  2 comments | 31 tweets | 29 linkedin

European lawmakers have reached an informal agreement on a revised Payment Services Directive (PSD2) designed to boost competition and innovation while improving consumer protections.

Visa preps commercial UK launch for V.me digital wallet
Payments

Visa preps commercial UK launch for V.me digital wallet

05 May 2015  |  5816 views  |  0 comments | 9 tweets | 16 linkedin

Visa Europe has secured the backing of a number of major UK banks and retailers for a widespread summer rollout of its V.me digital wallet for online shopping.

BBVA restructures to achieve 'digital transformation'
Payments

BBVA restructures to achieve 'digital transformation'

05 May 2015  |  7898 views  |  1 comments | 35 tweets | 23 linkedin

BBVA has named digital banking head Carlos Torres Vila as president & COO and charged him with responsibility for leading a fresh management team for which technology transformation is identified as the bank's "main strategic priority".

Goldman eyes digital banking opportunity
Retail banking

Goldman eyes digital banking opportunity

05 May 2015  |  5208 views  |  0 comments | 20 tweets | 16 linkedin

Goldman Sachs has hired former Discover card services executive Harit Telwar to head up a new digital banking unit, taking its cue from the swathes of fintech startups that are using technology-led services to penetrate one-time banking strongholds in lending to customers and small businesses.

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