17 April 2014

Latest News

Retail banking

Discover invests in loyalty rewards start-up Buzz Points

02 April 2014  |  2377 views  |  0

Discover Financial Services has invested in Buzz Points as part of a $19 million funding round for the loyalty rewards outfit.

Mobile & online

UK's Paym P2P mobile payments service set for 29 April launch

02 April 2014  |  6777 views  |  17

Person-to-person mobile payments service Paym will be rolled out by Britain's banks at the end of this month.

Wholesale banking

FBI investigates high-speed trading

01 April 2014  |  3285 views  |  1

The Federal Bureau of Investigation is investigating whether high-speed traders are breaking the law by acting on non-public information ahead of the wider markets.

Retail banking

Feds bust international card fraud gang

01 April 2014  |  3141 views  |  0

US authorities have indicted 17 people accused of using stolen card data from Europe to withdraw hundreds of thousands of dollars from ATMs in Chicago.

Retail banking

Bottomline to buy customer acquisition specialist Andera

01 April 2014  |  2065 views  |  0

Bottomline Technologies has struck a deal to buy customer acquisition software provider Andera in a cash and stock deal worth around $48 million.

Payments

Bank IT systems come under regulatory spotlight

31 March 2014  |  6193 views  |  3

The resilience of bank IT systems is set to come under the regulatory microscope in 2013/2014 as the UK's Financial Conduct Authority identifies technology risk as a key area of focus for the coming year.

Mobile & online

M-Pesa arrives in Europe

31 March 2014  |  6042 views  |  1

Having transformed Kenya's financial services industry, mobile money system M-Pesa is coming to Europe, with Romania the first stop.

Mobile & online

UK mobile banking transactions double in one year

31 March 2014  |  8460 views  |  1

The UK is in the midst of a technology-led banking revolution as Brits shun branches in favour of their mobile phones, figures from the British Bankers Association show.

Wholesale banking

Wall Street industry group swallows Bitcoin red pill

31 March 2014  |  11163 views  |  0

In a sure sign of the growing business interest in crypto-currencies on Wall Street, the Security Traders Association of New York (Stany) has decided to accept payment in bitcoin for tickets to its Annual Conference and Dinner.

Retail banking

IT proves top spending priority for UK FS industry

31 March 2014  |  3332 views  |  0

IT looks set to be the top capital spending priority for the UK financial services industry over the next 12 months, according to a CBI/PwC survey.

Mobile & online

BBVA and Google launch biz app development competition

28 March 2014  |  3842 views  |  0

BBVA and Google are calling on developers to enter a competition to develop business productivity applications for SMEs and entrepreneurs in Spain and Latin America.

Mobile & online

Retail bank IT spending to hit $152.2 billion by 2018 - Ovum

28 March 2014  |  4200 views  |  0

Global retail bank IT spending is tipped to hit $152.5 billion by 2018 as banks worldwide focus on digital delivery channel investment to attract customers, according to research by analyst grouop Ovum.

Payments

US firms deposit $1bn through Wells Fargo app

28 March 2014  |  2681 views  |  0

American businesses have deposited more than $1 billion through Wells Fargo's mobile app since its launch in late 2011.

Mobile & online

Finextra Research: Glacial development approach choking mobile banking ambitions

28 March 2014  |  5670 views  |  1

A scarcity of inhouse resources is holding back bank mobile app development times, with almost three quarters of banks taking anywhere from six months to over a year to release a new app to the market, according to research conducted by Finextra on behalf of CSC.

Payments

A little short? Sainsbury's ATM built 15 inches off the ground

28 March 2014  |  5349 views  |  2

An ATM outside of a supermarket in Nottingham has been installed just 15 inches off the ground, requiring locals to squat or kneel for their cash.

Security

Jumio builds bitcoin ID verification system; Stripe tests bitcoin support

28 March 2014  |  3688 views  |  0

Jumio has signed up several bitcoin-related businesses to a scheme which lets users validate their identities by holding up paper ID to the cameras of Web-connected devices.

Payments

Putin vows to build Russian rival to Visa and MasterCard

27 March 2014  |  11667 views  |  14

President Vladimir Putin says Russia will set up its own payments system after MasterCard and Visa cut off services to several of the country's banks in response to US sanctions.

Retail banking

ASB launches augmented reality recruitment app

27 March 2014  |  3274 views  |  1

New Zealand's ASB has unveiled a 3D augmented reality app aimed at job candidates looking for positions in its corporate banking team.

Wholesale banking

Former Visa president Morris launches fintech venture fund

27 March 2014  |  3343 views  |  0

Financial services veteran and former Visa president Hans Morris has set up a fintech-focused venture capital and advisory firm.

Post-trade & ops

Swift boosts compliance services portfolio with Omnicision acquisition

27 March 2014  |  2570 views  |  0

Swift has acquired financial crime prevention services firm Omnicision as it continues to build up its compliance unit. Financial terms of the deal were not disclosed.

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