18 December 2014

Latest News

Start ups

Banco Santander hires McKinsey man Belinky to run Innoventures fund

03 December 2014  |  3697 views  |  0

Banco Santander has hired former McKinsey man Mariano Belinky to run its $100 million fintech venture fund, as it bids to get in on the ground floor at startups leading the financial services digital revolution.

Payments

Payments modernisation seen as top priority for banking industry

03 December 2014  |  14369 views  |  25

More than two-thirds of banks plan to modernise their payments systems to accommodate demand for mobile and immediate payments and head off competition from disruptive competitors, according to data from Ovum.

Retail banking

Citi to engage developers via fintech meetups

03 December 2014  |  3116 views  |  0

Citi is to host a series of fintech meetups in its latest attempt to engage with thriving local developer ecosystems.

Retail banking

Stripe raises $70m at $3.5bn valuation

02 December 2014  |  4259 views  |  0

Stripe has raised $70 million in a funding round which values the San Francisco-based payments start-up at $3.5 billion, according to the Financial Times.

Trade execution

Citi closes LavaFlow ECN

02 December 2014  |  3151 views  |  0

American banking giant Citigroup says that it will shut down its LavaFlow ECN alternative trading platform next month.

Virtual currency

MasterCard calls on Australia to introduce level playing field for crypto currencies

02 December 2014  |  5312 views  |  4

MasterCard has called on Australia to force Bitcoin transactions to go through "regulated and transparent administrators" in the same way as other participants in the country's payments system.

Trade execution

Symphony acquires technology assets of Markit chat unit

02 December 2014  |  2880 views  |  0

Reference data firm Markit has backed out of the running to develop a rival to Bloomberg's instant messaging network, instead selling the technology assets of its Collaboration unit to back-backed Symphony Communication Services.

Security

Sifma slams Finra data collection plans

02 December 2014  |  2301 views  |  0

Plans by Wall Street watchdog Finra to introduce an automated data collection system designed to help identify risky and suspicious activities have been blasted by lobby group Sifma on cost, security and privacy grounds.

Mobile & online

Barclays begins in-branch beacon technology trial

02 December 2014  |  5654 views  |  0

Barclays is to use in-branch beacon technology to alert staff to the presence of customers with disabilities.

Wholesale banking

SS&C acquires DST Global for $95 million in cash

02 December 2014  |  2189 views  |  0

Connecticut-based SS&C Technologies Holdings, has acquired DST Global Solutions for $95 million in cash, providing a platform for growth in Emea and Asia Pacific.

Wholesale banking

SilverLake sells IPC to Centrebridge Partners for $1.2 billion

02 December 2014  |  2226 views  |  0

Private equity firm Silver Lake has sold financial communications business IPC to Centrebridge Partners for $1.2 billion.

Wholesale banking

Swift bags Australian payments contract

02 December 2014  |  5017 views  |  2

Financial messaging network Swift has won the contract to build a 'New Payments Platform' for the Australian banking community, ushering in immediate retail payments and the ability to conduct transactions in the absence of a bank account or BSB number.

Start ups

Citi to launch global accelerator programme

02 December 2014  |  7236 views  |  0

Citi Ventures is partnering with Californian accelerator Plug and Play to launch a global fintech innovation programme, with locations in the US, Germany, Singapore, Brazil and Spain.

Mobile & online

Scotiabank launches quick balance app for Samsung smartwatches

02 December 2014  |  4247 views  |  1

Customers of Canada's Scotiabank can now check their account balances with a quick glance at their wrists, as the bank unveils a new app for the Samsung Gear range of smartwatches.

Security

Hackers infiltrating public companies to gain an edge on Wall Street

02 December 2014  |  2730 views  |  0

Cyber crime tracking outfit FireEye has alerted the FBI to an undergound hacking collective called FIN4, whose intrusions appear to be primarily motivated at gaining an edge in stock market trading.

Start ups

Tax treatment entices Aussie bitcoin startup to relocate to UK

01 December 2014  |  2591 views  |  0

Australia's largest Bitcoin company CoinJar is moving its headquarters to the UK to take advantage of a more favourable regulatory regime.

Retail banking

ABN Amro signs multi-billion dollar outsourcing deal with IBM

01 December 2014  |  5352 views  |  0

ABN Amro has signed a 10-year, multi-billion dollar services agreement with IBM to manage the IT infrastructure that supports the bank’s operations globally.

Retail banking

Coutts and Barclays to roll out video banking services

01 December 2014  |  5493 views  |  1

Barclays and Coutts are to enter a new era of financial advisory service with the roll-out of face-to-face video platforms to connect customers to banking experts from their mobile or desktop.

Wholesale banking

FinLeap aims to create hit factory for fintech startups

01 December 2014  |  5552 views  |  0

The financial technology world is to get its first 'startup factory' with the launch by incubation platform HitFox Group of FinLeap in Berlin and San Francisco.

Retail banking

Moven wins app licensing deal with TD Bank

01 December 2014  |  4377 views  |  0

Canada's Toronto Dominion Bank is to license mobile financial management software from banking startup Moven to enable customers to track their spending on the move.

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