21 October 2014

Latest News

Wholesale banking

Swift bemoans pressure to cut off Russia and Israel from network

06 October 2014  |  3836 views  |  1

Swift says that it "regrets" the political pressure it has come under in recent months to cut off institutions and whole countries from its network, stressing that it does not have the authority to decide on sanctions.

Payments

Facebook Messenger screenshots hint at P2P payments

06 October 2014  |  4906 views  |  1

Facebook has built a feature that could soon let friends send money to each other through Messenger, screenshots posted by a Stanford University student suggest.

Start ups

PayPal picks London Start Tank participants

06 October 2014  |  3209 views  |  0

PayPal has selected the five UK tech startups that will move into its London offices for six months as part of a new mentoring programme.

Payments

MasterCard Asia/Pacific to mine social chatter for bank campaigns

06 October 2014  |  3896 views  |  1

MasterCard is working with Facebook and other social media platforms in Asia Pacific to garner insights on consumer sentiment which can be sold on to banks.

Retail banking

Lloyds on the hunt for new digital talent as job cuts loom

06 October 2014  |  5892 views  |  1

Lloyds Banking Group is set to cut thousands of jobs and close more branches as it embraces a new era in digital banking.

Virtual currency

Madrid street transforms into Bitcoin Boulevard

03 October 2014  |  6317 views  |  0

Madrid has become the latest city to embrace the concept of a Bitcoin Boulevard, with the Spanish capital's Serrano Street getting a cryptocurrency makeover this weekend.

Retail banking

Yodlee shares soar 40% on debut

03 October 2014  |  2839 views  |  0

Account aggregation specialist Yodlee saw its shares soar more than 40% on its market debut after raising $75 million in its initial public offering.

Retail banking

Citi looks to tech and non-profits to drive financial inclusion; Gates talks bitcoin and biometrics

03 October 2014  |  6856 views  |  1

Citi is working with non-profit organisation Catalyst Miami on a tech-based financial inclusion programme that it believes could be replicated across the country.

Cards

Samsung ties up with China UnionPay for mobile payments service

03 October 2014  |  4803 views  |  0

Mobile handset manufacturer Samsung has partnered with China UnionPay to provide smartphone payment services to consumers in China.

Retail banking

Capital One acquires user experience consultancy Adaptive Path

03 October 2014  |  7561 views  |  1

Capital One has acquired San Francisco design outfit Adaptive Path, in a move that demonstrates the growing importance of user experience design thinking in financial products.

Wholesale banking

US Treasury trading goes electronic

03 October 2014  |  3882 views  |  0

Nearly half of overall US Treasury trading volume is now executed electronically, with Bloomberg and Tradeweb dominating the fast-changing market, according to Greenwich Associates.

Retail banking

JPMorgan denies hacking report

02 October 2014  |  3848 views  |  0

JPMorgan Chase has dismissed as "false" a report that its systems have been breached by hackers for the second time in recent months.

Payments

MasterCard unveils tool to tackle cyber threat

02 October 2014  |  7695 views  |  0

With the huge data breaches at Target and Home Depot fresh in the memory, MasterCard has launched a tool designed to protect against cyber attacks on banks and processors.

Wholesale banking

Crypto-currency outfit Epiphyte triumphs at Innotribe Startup Challenge

02 October 2014  |  5924 views  |  8

US-based crypto-currency startup Epiphyte has emerged as the winner of the Innotribe Startup Challenge at Sibos in Boston.

Mobile & online

Boku partners mobile operators to extend carrier billing to next level

02 October 2014  |  3272 views  |  0

With a European e-money license under its belt, carrier billing outfit Boku is partnering with three of the UK's leading wireless operators to expand into the fully-regulated mobile payments market.

Start ups

Barclays fintech accelerator startups make pitches

02 October 2014  |  5698 views  |  0

After three months of intensive work, the 11 fintech startups on Barclays' accelerator programme this week pitched their efforts to the great and the good.

Wholesale banking

Wall Street firms take on Bloomberg with new messaging platform

01 October 2014  |  4025 views  |  0

A group of Wall Street firms, led by Goldman Sachs, has acquired instant messaging outfit Perzo and set up a new company to help them break free of their reliance on Bloomberg.

Retail banking

Tangerine brings biometrics to mobile banking

01 October 2014  |  4767 views  |  0

Canadian digital bank Tangerine is revamping its mobile app to enable customers to log in using Apple's Touch ID technology and issue commands through speech.

Wholesale banking

Deutsche Bank speeds Swift standards uptake on Autobahn

01 October 2014  |  3075 views  |  0

Swift's MyStandards tool is to be made available via Deutsche Bank's Autobahn Apps Market.

Mobile & online

Wells Fargo steps into Oculus Rift at new digital lab

01 October 2014  |  3332 views  |  0

Wells Fargo has established a digital lab to test the use of bleeding edge technologies such as smart wearables and virtual reality headsets in banking.

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