04 March 2015

Latest News

Retail banking

Fed researcher sets out vision for government cryptocurrency

06 February 2015  |  11963 views  |  5 comments | 27 tweets | 20 linkedin

A senior researcher at the Federal Reserve Bank of St Louis has floated the idea of a government-backed 'Fedcoin' that uses a bitcoin-style protocol but the US dollar as the monetary object, combining the best of cryptocurrencies and cash.

Wholesale banking

Global bank IT spending to hit $196 billion in 2015

06 February 2015  |  9939 views  |  4 comments | 27 tweets | 24 linkedin

Total bank IT spending across North America, Europe, and Asia-Pacific will grow to $196.7 billion in 2015, an increase of approximately 4.6% over 2014, according to forecasts by Celent.

Payments

Contactless spend in the UK trebles as technology steps into the mainstream

06 February 2015  |  8778 views  |  5 comments | 22 tweets | 15 linkedin

Spending on contactless cards more than trebled over the last year to reach a record £2.32 billion in 2014, according to data published by The UK Cards Association.

Retail banking

Swatch plans payment-enabled smartwatch

06 February 2015  |  10139 views  |  0 comments | 32 tweets | 21 linkedin

Swatch is to launch an Internet-enabled smartwatch featuring mobile payment functionality in the next two to three months.

Retail banking

Orange and Ecobank form African m-banking partnership

06 February 2015  |  5656 views  |  1 comments | 10 tweets | 12 linkedin

Orange has struck a deal with Ecobank that will enable customers in several African countries to transfer money between accounts with the telco and financial services group through their mobile phones.

Retail banking

Temasek plans Misys bid - Sky News

05 February 2015  |  6026 views  |  0 comments | 2 tweets | 10 linkedin

Temasek Holdings, Singapore's state-owned investment fund, is sniffing around core banking supplier Misys, which has been put on the block by current owner Vista Equity Partners, according to Sky News.

Retail banking

Tesco Bank fixes glitch that caused two-day outage

05 February 2015  |  5526 views  |  1 comments | 4 tweets | 6 linkedin

Tesco Bank has fixed a computer glitch that locked 300,000 of its customers from their accounts for two days.

Security

Fake bankers and police officers jailed for vishing frauds

05 February 2015  |  3765 views  |  0 comments | 6 tweets | 4 linkedin

Five men have been jailed for a total of just over 17 and half years for a series of phone frauds in which they posed as police officers and bank staff to trick their victims out of thousands of pounds.

Wholesale banking

CME turns down the volume on open outcry trading

05 February 2015  |  3091 views  |  0 comments | 3 tweets | 1 linkedin

It's the end of an era in Chicago as the CME Group announces plans to close most of its open outcry futures trading pits in the summer.

Cards

Contactless and US EMV adoption drives global smart card growth

05 February 2015  |  6100 views  |  1 comments | 15 tweets | 6 linkedin

More than 1.5 billion smart payment cards were shipped in 2014 as the rise of contactless and America's migration to EMV technology drove growth.

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