02 September 2015

Latest News

Intuit to sell Quicken
Retail banking

Intuit to sell Quicken

21 August 2015  |  6036 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
Start ups

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

21 August 2015  |  8170 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  |  6924 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  |  5180 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  |  7623 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
Retail banking

PayPal buys 'contextual commerce' startup Modest

20 August 2015  |  6053 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
Payments

Telcos and tech firms get Indian payment bank licences

19 August 2015  |  8552 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.

M-payments to hit $1 trillion by 2017; mobile to become main way to pay in UK
Mobile & online

M-payments to hit $1 trillion by 2017; mobile to become main way to pay in UK

19 August 2015  |  11869 views  |  0 comments | 38 tweets | 39 linkedin

International Data Corporation (IDC) predicts worldwide mobile payments will account for $1 trillion in value in 2017, up 124% from the less than $500 billion expected in 2015.

Australian fixed income markets to shift to T+2 settlement
Risk & regulation

Australian fixed income markets to shift to T+2 settlement

19 August 2015  |  3052 views  |  1 comments | 4 tweets | 3 linkedin

The $1 trillion Australian bond and fixed income markets are to move to a T+2 settlement timeframe from early next year, complementing a similar constriction in the post-trade lifecycle in cash equities mandated by the Australian Stock Exchange.

Bank of England Twitter test scores home run
Retail banking

Bank of England Twitter test scores home run

19 August 2015  |  6265 views  |  0 comments | 17 tweets | 8 linkedin

An American football match in September led to some heart-stopping moments for a Bank of England team tasked with monitoring Twitter for sentiment about a potential bank run in the build up to the Scottish independence referendum.

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