26 November 2014

Latest News

Retail banking

Former AIB COO to launch UK digital bank

20 November 2014  |  6331 views  |  1

The former chief operating officer of Allied Irish Bank, Anne Boden, is planning to launch a new digital-only bank in the UK next year, under the name Starling.

Mobile & online

House price prediction startup wins Westpac Innovation Challenge

20 November 2014  |  2953 views  |  0

A startup offering a Website and app that predicts the price of real estate property sales has walked away with a $40,000 cash prize and a six-month placement on the BlueChilli accelerator programme as the winner of Westpac's inaugural Innovation Challenge.

Mobile & online

RBS and Ulster Bank hit with £56 million fine over IT meltdown

20 November 2014  |  4975 views  |  0

The Royal Bank of Scotland and its subsidiary Ulster Bank have been hit with a £56 million fine by regulatory authorities over a computer malfunction in 2012 that locked customers out of accounts and knocked out payments processing systems.

Wholesale banking

SEC strengthens exchange technology rules

19 November 2014  |  3478 views  |  0

The Securities and Exchange Commission has approved new rules designed to strengthen the US market's technology infrastructure, which has frequently buckled under increasing strain in recent years.

Retail banking

Fidelity takes portfolios into virtual reality with Oculus Rift app

19 November 2014  |  3946 views  |  2

US financial services giant Fidelity Investments has built an application for the Oculus Rift virtual reality headset that lets investors visualise their portfolio as a 3D city.

Mobile & online

Barclays Pingit is just the ticket for First Bus

19 November 2014  |  4126 views  |  0

First Bus has become the first UK nationwide public transport company to offer Barclays Pingit as a mobile payment option.

Wholesale banking

Silicon Valley Bank to take students on tech trek

19 November 2014  |  2376 views  |  0

Silicon Valley Bank is to take 18 of the nation's top university students on a three-day tour of the Californian tech hotspot, where they will be introduced to a 'who's who' of influential investors and entrepreneurs.

Payments

Google to give away $100,000 in mobile wallet recruitment campain

19 November 2014  |  4715 views  |  2

Google is to give away $100,000 to users of its mobile wallet who recruit a friend to the platform, as it prepares to do battle with Apple Pay and Softcard for market share over the all-important US holiday season.

Payments

PayPal launches Pebble smartwatch app

19 November 2014  |  5098 views  |  0

PayPal has built an app for the Pebble smartwatch that lets users check in and pay at retailers on the go.

Security

BNY Mellon establishes Silicon Valley innovation centre

18 November 2014  |  4564 views  |  0

Investment management and services group BNY Mellon has set up an innovation centre in Silicon Valley as it seeks to harness the power of big data, cloud computing and the Internet of Things.

Cards

Contactless payments in UK head for mainstream - Worldpay

18 November 2014  |  9730 views  |  0

Contactless has shaken off its novelty tag in the UK and is surging towards the mainstream according to Worldpay, which is reporting a 150% rise in volumes over the past six months.

Payments

US Marshals in second auction of Dread Pirate Roberts bitcoin treasure trove

18 November 2014  |  2069 views  |  0

The US Marshals Service is looking at a $20 million payday as it auctions off 50,000 bitcoins seized from alleged Silk Road kingpin Ross Ulbricht, otherwise known as Dread Pirate Roberts.

Mobile & online

South Korean messaging firm partners banks on mobile wallet

18 November 2014  |  3834 views  |  0

South Korean Web giant Daum Kakao has teamed up with 16 banks to launch a mobile wallet service for online, offline and person-to-person payments.

Payments

Post Office launches Twitter donation service for Children in Need

18 November 2014  |  2679 views  |  0

Twitter users can now tweet to donate cash to the UK's Children in Need charity campaign, 'Be a Hero', through a service developed by the Post Office and IMImobile.

Start ups

Snapchat partners Square on P2P payments

17 November 2014  |  4635 views  |  1

Snapchat has teamed up with Square to enable users to send each other money through the Photo sharing app.

Risk & regulation

Regulator gives green light to new Canadian stock exchange

17 November 2014  |  3913 views  |  0

Canadian regulators have given approval to Aequitas, a new stock exchange backed by a consortium of financial services firms that plans to take on TMX Group and keep out high-frequency traders.

Start ups

Deutsche Bank partners tech giants on innovation labs - WSJ

17 November 2014  |  7094 views  |  0

Deutsche Bank is working with tech firms IBM, Microsoft and HCL Technologies on plans to open innovation labs around the world, according to the Wall Street Journal.

Payments

Bankinter invests in bitcoin startup; Wedbush pump-primes Buttercoin

17 November 2014  |  2825 views  |  0

The venture capital arm of Spanish bank Bankinter has invested in a bitcoin startup that is developing an application for P2P transfer of fiat money to bitcoin - and vice versa - through consumer bank accounts.

Mobile & online

Majority of UK consumers ready to try new challenger banks

17 November 2014  |  6539 views  |  0

Four-in-five UK consumers would trust a challenger bank with their money, and over half think that a reliable IT infrastructure would give the newcomers a competitive advantage over more-established rivals, according to research commissioned by Fiserv.

Retail banking

Lloyds opens digital-only training scheme for new graduates

17 November 2014  |  4201 views  |  0

Lloyds Bank is accepting applications for a new digital banking graduate training scheme, the first off its kind from a UK bank looking to harness the top talent from Britain's universities and shape the future of banking.

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