27 March 2015

Latest News

Mobile & online

Banking has reached a digital tipping point BBA warns

24 March 2015  |  8518 views  |  6 comments | 50 tweets | 28 linkedin

Banks must concentrate on harnessing a range of digital technologies or risk losing customers to a new wave of competitors, according to a report by the British Bankers Association (BBA) and Accenture.

Payments

Credit Suisse paper offers qualified bitcoin backing

24 March 2015  |  3822 views  |  0 comments | 4 tweets | 9 linkedin

While it is unlikely to ever truly compete with traditional currencies, bitcoin could, when combined with the traditional finance system, have cost advantages over credit cards and money transfer firms like Western Union, according to a Credit Suisse article.

Retail banking

Square extends Cash to businesses

23 March 2015  |  2515 views  |  0 comments | 6 tweets | 4 linkedin

Square is hoping to wean America's merchants off of cheques by extending its Cash person-to-person payments service to businesses.

Retail banking

Fintech and bank collaboration could create 5000 jobs in Ireland - Deloitte

23 March 2015  |  3118 views  |  0 comments | 11 tweets | 10 linkedin

The junction between Ireland's emerging fintech cluster and the traditional financial services sector could create 5000 new jobs by 2020 says professional services firm Deloitte.

Mobile & online

Optimal Payments agrees EUR1.1bn Skrill acquisition

23 March 2015  |  2694 views  |  0 comments | 7 tweets | 6 linkedin

London-listed Optimal Payments has agreed to buy Skrill Group for an enterprise value of around EUR1.1 billion in a deal it says will create a major global player in online payments and digital wallet services.

Payments

Clydesdale Bank issues Britain's first plastic banknotes

23 March 2015  |  3168 views  |  3 comments | 12 tweets | 6 linkedin

The Clydesdale Bank has begun circulation of Britain's first plastic banknotes, with a limited edition run of two million £5 polymer notes.

Cards

Cash still dominates charitable giving

23 March 2015  |  2365 views  |  0 comments | 12 tweets | 5 linkedin

Two-thirds of charity donors used cash to donate in the past 12 months, despite the increasing availability of other forms of payment options, according to the annual Halifax Giving Monitor review.

Security

UK govt scraps payments system for farmers due to performance problems

23 March 2015  |  2242 views  |  4 comments | 2 tweets | 2 linkedin

The Department for Environment, Food and Rural Affairs, Defra, is enduring a series of embarrassing headlines after its £154 million system to process farmers' EU subsidy payments has been largely abandoned following a number of problems with its online interface.

Wholesale banking

Six undertakes hackathon talent challenge for new fintech incubator

20 March 2015  |  4385 views  |  2 comments | 9 tweets | 5 linkedin

Swiss financial infrastructure provider SIX Group is running a weekend hackathon with a view to acquiring new talent ahead of the launch of a fintech incubator in May.

Retail banking

Sabadell agrees £1.7 billion takeover of TSB

20 March 2015  |  3081 views  |  0 comments | 5 tweets | 6 linkedin

Banco Sabadell is making its first play for a European business outside of its home territory as Lloyds agrees to sell 50% of TSB to the Spanish bank.

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