21 April 2015

Latest News

Virtual currency

Top banks and VCs line up for Future Money 2015

17 April 2015  |  3705 views  |  0 comments | 10 tweets | 7 linkedin

Over 500 of Europe's top banks, VCs and most promising startups will be gathering at the East Wintergarden in London's Canary Wharf next week for the second annual Finextra Future Money conference.

Start ups

Maybank joins hunt for top startup talent

17 April 2015  |  2519 views  |  0 comments | 6 tweets | 6 linkedin

Malaysia's Maybank is inviting startups from across South East Asia to pitch their fintech ideas in a series of roadshows spanning Manila, Jakarta, Bangkok, and Kuala Lumpur.

Wholesale banking

Chaos in the City as Bloomberg terminals go down

17 April 2015  |  4586 views  |  0 comments | 13 tweets | 6 linkedin

Trading across Europe has ground to a halt following an unexplained outage in Bloomberg terminals across the continent and Asia.

Cards

MasterCard in the firing line over $19 million Target settlement

17 April 2015  |  3214 views  |  0 comments | 7 tweets | 1 linkedin

Class action lawyers representing banks in litigation against Target have blasted MasterCard's $19 million settlement with the US retailer over the 2013 data breach.

Risk & regulation

China puts controversial bank IT rules on ice

17 April 2015  |  2600 views  |  0 comments | 4 tweets | 6 linkedin

China has put on hold plans to force technology firms working with the country's banks to submit to a series of onerous conditions, according to the Wall Street Journal.

Wholesale banking

Institutional investors tap into social media

17 April 2015  |  1860 views  |  0 comments | 3 tweets | 6 linkedin

Institutional investors are increasingly turning to social media, particularly LinkedIn, to source information that can be used to inform their investment decisions, according to research from Greenwich Associates.

Security

HSBC publishes mortgage account information on the internet

16 April 2015  |  3274 views  |  0 comments | 7 tweets | 8 linkedin

HSBC in the US has begun notifying an undisclosed number of customers that their mortgage account data may have been inadvertently published on the Internet.

Retail banking

World Bank reports big drop in numbers of unbanked

16 April 2015  |  5355 views  |  10 comments | 37 tweets | 16 linkedin

A new report from the World Bank has recorded a massive 20% drop in the numbers of unbanked consumers, as 700 million adults worldwide joined the formal banking system and became account holders between 2011 and 2014.

Retail banking

M&S launches first self-service branch; rolls out instore 'banking pods'

16 April 2015  |  3231 views  |  1 comments | 14 tweets | 21 linkedin

The banking offshoot of UK retailer Marks & Spencer has opened its first self-service branch at its head office in central London.

Retail banking

Number 26 gets EUR10m in funding from Peter Thiel's Valar Ventures

16 April 2015  |  2732 views  |  0 comments | 7 tweets | 4 linkedin

German smartphone bank Number26 has scooped EUR10 million in funding from Valar Ventures, marking the second European fintech investment by Peter Thiel's fund, which had previously invested in Transferwise.

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