30 September 2014

Latest News

Retail banking

Zopa hands out 'money trees' to commuters

25 September 2014  |  1958 views  |  0

P2P loan outfit Zopa has brightened the morning commute for travellers arriving at London Victoria Station by setting up a market stall to hand out free 'money trees' to bemused passers-by.

Retail banking

Matchi opens global fintech challenge

25 September 2014  |  2774 views  |  0

Innovation matchmaking platform Matchi has launched a global fintech innovation challenge, inviting aspiring startups to pitch working prototypes to a pool of global banks.

Retail banking

Fed sets up tokenisation work group

25 September 2014  |  4018 views  |  0

The Federal Reserve Bank of Boston is to set up a working group to tackle the interoperability and technology challenges of using digital account tokens to replace card numbers for online and mobile purchasing.

Security

DTCC and FS-ISAC light a beacon in the fight against cyber-invaders

25 September 2014  |  1833 views  |  1

The US Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Depository Trust and Clearing Company (DTCC) have developed a centalised utility for financial firms to post and share information related to cyber-attacks and security threats.

Retail banking

Robinhood raises $13m for commission-free stock trading app

24 September 2014  |  2426 views  |  0

Robinhood, the startup behind a no-commission stock trading app, has raised $13 million in a series a funding round led by Index Ventures and joined by celebs including Snoop Dogg.

Security

Visa creates 2000 full-time tech jobs

24 September 2014  |  3810 views  |  0

Visa is ramping up its tech investment, creating 2000 full-time technologist positions and opening a development centre in India.

Retail banking

Kabbage makes play for consumer loans with launch of Karrot

24 September 2014  |  2513 views  |  0

Kabbage, the online platform for merchants looking to borrow working capital, is to enter the market for personal loans with the launch of a new consumer lending service, Karrot.

Wholesale banking

Ripple signs first two US banks

24 September 2014  |  5598 views  |  5

Open source payments outfit Ripple Labs has snared deals with two US banks who plans to use its real-time settlement protocol for cross-border money transfers.

Mobile & online

Heartbeat authentication firm Bionym raises $14 million

24 September 2014  |  2471 views  |  3

Heartbeat authentication firm Bionym has raised $14 million on the back of a pre-launch order book for 10,000 of its wearable bracelets.

Cards

CommBank invites customers to find lost wallets in online treasure hunt

24 September 2014  |  3567 views  |  1

Commonwealth Bank of Australia has launched an online virtual treasure hunt, challenging customers to scour through a detailed panoramic photo of Sydney to find one of ten yellow wallets hidden in secret locations across the city.

Payments

Bitcoin price lifts as Paypal wades in

24 September 2014  |  2382 views  |  1

PayPal has partnered with three of the leading bitcoin processors to enable support for the crypto-currency among its digital merchants.

Payments

Much-hyped Clinkle underwhelms at launch

24 September 2014  |  2983 views  |  3

Stealth mobile wallet startup Clinkle, which snaffled up close to $30 million in VC funds with a promise to disrupt payments forever, has launched its much-hyped product to hoots of derision from industry observers.

Retail banking

Lloyds rolls out real-time online appointment booking system

24 September 2014  |  3989 views  |  1

In a UK first, Lloyds Bank has rolled out an online system that lets customers book branch appointments in real-time.

Transaction banking

Commerzbank incubator leads $15m investment in B2B commerce platform Traxpay

23 September 2014  |  3725 views  |  0

B2B payments startup Traxpay has raised £15 million in a series B funding round led by the incubation unit of Germany's Commerzbank, and announced a four-year relationship with MasterCard as it bids to achieve global scale.

Payments

ECB jumps the shark with new EUR10 'selfie' campaign

23 September 2014  |  2545 views  |  0

The European Central Bank's social media unit has moved beyond parody with the launch of a new campaign that encourages citizens to take a 'selfie' of themselves holding the new EUR10 banknote.

Payments

Challenger banks bring payments into perspective

23 September 2014  |  3347 views  |  4

Easier access to payments services, the need for a KYC utility and the inevitability of account number portability are among the key themes to emerge from a Finextra survey into the evolving UK payments landscape.

Mobile & online

BBA to develop financial crime alert system; EBF signs MoU with Interpol

23 September 2014  |  3516 views  |  1

The British Banking Association is working with BAE Systems Applied Intelligence to develop a financial crime alert system that will see 12 government and law enforcement agencies warn banks of the latest threats to their integrity.

Retail banking

Citi launches Mobile Challenge

22 September 2014  |  5166 views  |  1

Citi is running a competition to encourage individual developers, teams and companies from around the world to create innovative mobile banking and payments applications.

Retail banking

Sun Life Financial sees positive returns from gamification programme

22 September 2014  |  3184 views  |  0

Canada's Sun Life Financial is hailing the success of an online gamification programme in motivating participants to increase their investments in workplace retirement savings plans.

Wholesale banking

London gets new startup fund

22 September 2014  |  2987 views  |  0

A new venture capital fund focusing on early-stage businesses in need of Series A financing has launched in London, reinforcing the UK capital's status as a magnet for tech startups.

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