20 August 2014

Latest News

Wholesale banking

Osborne looks to virtual currencies in bid to make UK world fintech capital

06 August 2014  |  4246 views  |  0

The UK government is setting up a review into the potential of virtual currencies, and whether they should be regulated, as part of a wider push to make the country the fintech capital of the world.

Retail banking

Australian consumers giving up on cash - APCA

06 August 2014  |  4121 views  |  0

New research from the Australian Payments Clearing Association, shows that as with cheques, Australian consumers are increasingly giving up cash in favour of cards, mobiles and online transactions.

Mobile & online

Paym sees over one million users and £6.5 million spend in first 100 days

06 August 2014  |  6111 views  |  6

More than one million people have registered with their bank or building society for Paym, the UK bank-backed mobile number payment service that was launched in late April.

Trade execution

Thomson Reuters adds bitcoin pricing to Eikon

06 August 2014  |  3190 views  |  0

Thomson Reuters has followed market data rival Bloomberg by adding bitcoin prices to its Eikon data service.

Wholesale banking

Google UK MD to run new fintech investment fund

06 August 2014  |  2956 views  |  0

Google UK managing director Dan Cobley is quitting his job with the search giant to set up a fintech incubator and investment fund in partnership with Blenheim Chalcot and QED Investors.

Wholesale banking

Boosting customer experience is top IT priority for UK and Ireland FS firms

06 August 2014  |  3412 views  |  0

Improving customer experience has overtaken cost-cutting as the main priority for IT decision makers at British and Irish financial services firms, according to a survey commissioned by Fujitsu.

Cards

Barclays to offer gift cards over Pingit

06 August 2014  |  4968 views  |  0

Barclays Bank is teaming with Blackhawk Network to provide a range of merchant gifting options to users of its Pingit mobile payments app.

Payments

Going, going, gone...BTC.com domain sells for $1.1 million

05 August 2014  |  2407 views  |  0

The BTC.com domain name has been sold to a Connecticut-based mining equipment specialist for a record $1.1 million.

Payments

Visa token service key to Apple's mobile payments plans - analysts

05 August 2014  |  6448 views  |  3

Analysts at Pacific Crest Securities (PCS) have joined the Apple mobile payments guessing game, speculating that recent security moves by Visa will see the iPhone 6 go contactless.

Retail banking

Westpac NZ preps augmented reality mobile app

05 August 2014  |  6161 views  |  2

Westpac New Zealand is preparing to launch an app that uses augmented reality to let customers get account information on their screens simply by viewing their cards through their phones' cameras.

Retail banking

Square buys food delivery outfit Caviar

05 August 2014  |  2356 views  |  0

Payments firm Square is diversifying through the acquisition of San Francisco-based food delivery service Caviar. The deal is thought to be worth around $90 million in stock.

Post-trade & ops

Wall Street banks turn to messaging startup as Bloomberg alternative

04 August 2014  |  5847 views  |  0

A group of Wall Street banks, led by Goldman Sachs, are on the verge of buying a stake in instant messaging firm Perzo as they prepare to break free of their reliance on Bloomberg, according to Reuters.

Retail banking

Stripe backs Ripple founder's latest digital currency project

01 August 2014  |  3639 views  |  0

Mt. Gox and Ripple founder Jed McCaleb has unveiled Stellar, his latest stab at a decentralised payment network and digital currency. Payments firm Stripe has backed the project to the tune of $3 million.

Payments

Overstock ponders the possibility of a 'cryptosecurities' exchange

01 August 2014  |  3880 views  |  0

Online retailer Overstock is to explore the potential of using the technology behind bitcoin to create a decentralised exchange trading platform for corporate stocks issued as 'cryptosecurities'.

Cards

US govt warns retailers about new POS malware family

01 August 2014  |  4539 views  |  0

The US government has put out an alert warning retailers about a new family of malware, dubbed Backoff, targeting point-of-sale systems.

Wholesale banking

NAB appoints new tech overlord

01 August 2014  |  3070 views  |  0

NAB's new chief Andrew Thorburn has acted quickly to turn around the Australian bank's flagging tech transformation project, replacing enterprise services head Lisa Gray with Renee Roberts, former chief risk officer of NAB-owned Bank of New Zealand.

Wholesale banking

Finally, Sepa migration deadline day arrives

01 August 2014  |  5587 views  |  2

After a 15 year slog, the Single euro payments area (Sepa) hits a major milestone today with the full implementation for credit transfers and direct debits in the euro area.

Transaction banking

Finextra Leadership: Life in the fast lane

01 August 2014  |  5117 views  |  1

Finextra talks to David Watson, global head of client access products for Deutsche Bank's global transaction banking business, about how the giant German bank is remodelling its technology platform to address the needs of a younger generation of digitally-savvy corporate treasury managers.

Payments

UK Payments Council chief Kamellard quits

31 July 2014  |  3859 views  |  0

The UK Payments Council's chief executive, Adrian Kamellard, is quitting the bank-run organisation as it prepares to "refocus" ahead of the introduction of a new payments regulator.

Wholesale banking

Westpac appoints CBA core transformation architect as new CIO

31 July 2014  |  3470 views  |  0

Wetspac has appointed Dave Curran, the architect of neighbouring Commonwealth Bank's core banking transformation project, as its new chief information officer.

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