01 August 2014

Latest News

Retail banking

BBVA startup contest attracts 850 projects

18 July 2014  |  5108 views  |  0

A startup competition organised by Spanish bank BBVA has attracted entrepreneurs from 56 countries, showcasing 850 technology projects.

Retail banking

Turkey's TEB rolls out NCR video teller tech

18 July 2014  |  3114 views  |  0

Turkish Economy Bank (TEB) has deployed NCR Interactive Teller video technology in the lobby of one of its Istanbul branches, enabling customers to talk to off-site employees.

Risk & regulation

NY regulator sets out BitLicense plans

17 July 2014  |  3487 views  |  0

New York state's financial services regulator has set out the details of its planned 'Bitlicense' framework for firms dealing with virtual currencies.

Wholesale banking

US Treasury calls on financial sector to step up cybersecurity planning

17 July 2014  |  3028 views  |  0

A top US Treasury official has called on the financial services sector to step up its efforts to protect consumer privacy and critical infrastructures from the threat of cyber attacks.

Retail banking

Bank of Queensland apes hipster coffee shop aesthetic for new look branch

17 July 2014  |  3039 views  |  0

Australia's Bank of Queensland has unveiled the first of a new generation of bank branches, ripping out the counter and staid furniture in favour of a funky new design aesthetic.

Payments

Snapchat files payments-related trademarks

17 July 2014  |  3500 views  |  0

Photo sharing app Snapchat could be preparing a move into the payments arena, two recently filed trademarks suggest.

Cards

Visa takes on PayPal with Checkout button for Web and mobile payments

17 July 2014  |  8015 views  |  12

In its latest attempt to crack online and mobile payments, Visa has unveiled a system which lets virtual shoppers complete purchases with a couple of clicks.

Retail banking

Funding Circle raises $65m; adds former Wachovia boss to board

17 July 2014  |  3360 views  |  0

Funding Circle, a UK-based online marketplace for business loans, has raised $65 million in a series d financing round led by Index Ventures. In addition, the firm has added former Wachovia CEO Robert Steel to its board.

Payments

Bitcoin vault outfit Elliptic raises $2m

16 July 2014  |  3462 views  |  0

Elliptic, a UK startup behind an insured bitcoin storage service, has raised $2 million in a seed funding round led by Octopus Investments.

Retail banking

TMG builds pay-with-Dwolla Google Glass app

16 July 2014  |  3372 views  |  1

A payments processing firm has built an app that lets people pay at Dwolla merchants with a swipe of their Google Glass.

Retail banking

600,000 Brits switch bank account providers in H1

16 July 2014  |  3497 views  |  0

Around 593,000 Brits switched their bank account provider in the first six months of 2014, a 16% year-on-year increase, suggesting many are taking advantage of a new system designed to make the process quicker and easier.

Mobile & online

Coles takes on Australia's Big Four with new mobile payment and loyalty app

16 July 2014  |  5352 views  |  1

Australian supermarket chain Coles has upped the tempo in its aggressive push into financial services with the launch of a new combined mobile sticker and loyalty app and a planned joint venture with GE Capital which will see it offering loans to customers in competition with the nation's biggest banks.

Mobile & online

London cabbie ditches cash for Pingit (for one week)

15 July 2014  |  4174 views  |  9

A London cabbie is promising to talk customers out of cash payments this week and accept fares from passengers who pay using the Barclays Pingit mobile app.

Retail banking

Saga generation less wedded to cash than under 50s

15 July 2014  |  3830 views  |  0

Brits under 50 use cash for a greater proportion of their transactions than those over 50, according to a survey commissioned by Saga.

Post-trade & ops

FSB moots creation of global utility for fixing FX benchmarks

15 July 2014  |  2940 views  |  0

The Financial Stability Board is canvassing views on the potential to develop a global order matching utility for fixing foreign exchange trades in an effort to clamp down on banks trading ahead of the daily benchmark rates.

Retail banking

TfL deploys euro dispensing ATMs at tube stations

15 July 2014  |  3317 views  |  0

Transport for London has teamed up with Raphaels Bank to install cash machines which dispense both pounds and euros at tube stations.

Retail banking

Oz credit union rolls out HCE-based mobile NFC payments service

14 July 2014  |  3216 views  |  0

Australian credit union CUA has teamed up with vendor Cuscal to launch a host card emulation-based mobile NFC payments service.

Payments

LCL implements mobile PIN issuance

14 July 2014  |  3260 views  |  0

French financial services company LCL has introduced a service that securely issues payment card PIN codes to customers via SMS texting.

Payments

French to boost bitcoin transparency; Finns to broadcast bitcoin data through TV network

14 July 2014  |  3644 views  |  1

The French government has moved to limit the anonymity of bitcoin users through rules that require 'distributors' of the virtual currency to verify the identity of account holders.

Mobile & online

Brits lukewarm on digital-only banks as branch visits increase

14 July 2014  |  6686 views  |  19

More than half of Brits visit a branch at least once a month and only a quarter would consider using a purely digital bank, according to a survey from Accenture.

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