29 August 2015

Latest News

Markit agrees DealHub acquisition
Wholesale banking

Markit agrees DealHub acquisition

24 August 2015  |  3343 views  |  0 comments | 4 tweets | 2 linkedin

Financial data outfit Markit has agreed to buy DealHub, a provider of trade processing and trading services to the foreign exchange market. Financial terms were not disclosed.

Companies abandoning their LEIs in increasing number
Post-trade & ops

Companies abandoning their LEIs in increasing number

24 August 2015  |  2945 views  |  0 comments

The Legal Entity Identifier (LEI) project, whereby every counterparty in a financial transaction is issued a unique code, is suffering from a lapse rate of 20% according to research from entity data provider Alacra.

Uber introduces Airtel Money payment option in India
Payments

Uber introduces Airtel Money payment option in India

21 August 2015  |  6546 views  |  0 comments | 13 tweets | 6 linkedin

Ride-sharing app Uber has struck a deal with Bharti Airtel that will let Indians pay for their trips through the wireless carrier's mobile wallet.

Intuit to sell Quicken
Payments

Intuit to sell Quicken

21 August 2015  |  5810 views  |  0 comments | 12 tweets | 7 linkedin

Personal finance behemoth Intuit is preparing to flog off the family silver with the proposed sale of its flagship accounting software package Quicken.

The Clearing House calls for tighter controls on non-bank payment providers
Mobile & online

The Clearing House calls for tighter controls on non-bank payment providers

21 August 2015  |  7835 views  |  2 comments | 20 tweets | 35 linkedin

US payments and lobby group The Clearing House has called for legislative measures to rein in non-bank startups hitching a free ride on banking rails.

Co-op battles to fix 'fragile' IT platform
Retail banking

Co-op battles to fix 'fragile' IT platform

20 August 2015  |  6781 views  |  0 comments | 16 tweets | 9 linkedin

The UK's Co-operative Bank has warned of an urgent need to re-engineer its IT platform, describing the existing infrastructure as "unsuitable and inherently fragile".

Andreesen Horowitz hires fintech 'veteran' Alex Rampall as general partner
Retail banking

Andreesen Horowitz hires fintech 'veteran' Alex Rampall as general partner

20 August 2015  |  5038 views  |  1 comments | 8 tweets

Venture capital firm Andreesen Horowitz is sharpening its focus on fintech with the appointment of serial entrepreneur and TrialPay founder Alex Rampall as a general partner.

JPMorgan, Goldman Sachs and Morgan Stanley to create reference data company - WSJ
Wholesale banking

JPMorgan, Goldman Sachs and Morgan Stanley to create reference data company - WSJ

20 August 2015  |  7429 views  |  0 comments | 13 tweets | 13 linkedin

JPMorgan Chase, Goldman Sachs and Morgan Stanley are teaming up on a new company that will pull together clean reams of reference data, according to the Wall Street Journal.

PayPal buys 'contextual commerce' startup Modest
Mobile & online

PayPal buys 'contextual commerce' startup Modest

20 August 2015  |  5903 views  |  0 comments | 8 tweets | 10 linkedin

PayPal has bought Modest, a 'contextual commerce' startup run by two former senior tech leads on Barack Obama's re-election campaign. Financial terms of the deal have not been disclosed.

Telcos and tech firms get Indian payment bank licences
Financial inclusion

Telcos and tech firms get Indian payment bank licences

19 August 2015  |  8279 views  |  5 comments | 34 tweets | 19 linkedin

In a move designed to boost financial inclusion, the Reserve Bank of India has given "in-principle" approval to 11 applicants - including telcos, tech firms and the country's postal service - seeking to set up so-called payments banks.

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