30 July 2015

Latest News

Azimo and HomeSend partner on mobile remittances
Mobile & online

Azimo and HomeSend partner on mobile remittances

21 July 2015  |  4986 views  |  0 comments | 12 tweets | 6 linkedin

Azimo and MasterCard-controlled outfit HomeSend have teamed up to enable users throughout Europe to send money to loved ones in Africa and Asia through their mobile phones.

Banks launch IM service to rival Bloomberg
Wholesale banking

Banks launch IM service to rival Bloomberg

21 July 2015  |  4145 views  |  1 comments | 13 tweets | 8 linkedin

A consortium of Wall Street banks has launched an instant messaging platform it hopes will loosen Bloomberg's vice-like grip on the market for real-time communication between traders.

First Data prepares for multibillion dollar listing
Payments

First Data prepares for multibillion dollar listing

21 July 2015  |  5607 views  |  0 comments | 17 tweets | 18 linkedin

Payments processor First Data has filed for an IPO that could be worth billions, just eight years after the company went private in one of the biggest leveraged buy-outs ever seen.

Top-tier financial firms consolidating reconciliation
Wholesale banking

Top-tier financial firms consolidating reconciliation

21 July 2015  |  2122 views  |  0 comments | 5 tweets | 3 linkedin

With regulatory requirements driving reconciliation at top-tier financial institutions, many are consolidating through centres of excellence, according to a report from SunGard and Aite.

Hackers threaten to expose users of adultery site Ashley Madison
Retail banking

Hackers threaten to expose users of adultery site Ashley Madison

20 July 2015  |  3003 views  |  0 comments | 4 tweets | 4 linkedin

Hackers have breached the systems of Ashley Madison, a dating website for would-be adulterers, and are threatening to publish the personal information, including credit card transaction details, of millions of users.

PayPal value hits $50 billion on market debut
Payments

PayPal value hits $50 billion on market debut

20 July 2015  |  5932 views  |  0 comments | 27 tweets | 18 linkedin

Shares in PayPal rose around five per cent on its first morning of trading back on the Nasdaq following its separation from eBay, valuing the firm at around $50 billion, considerably more than its former parent.

NCR stock rises amid new buyout rumours
Retail banking

NCR stock rises amid new buyout rumours

20 July 2015  |  2533 views  |  0 comments | 4 linkedin

ATM manufacturer NCR enjoyed a significant rise in its share price last week after Reuters reported that a private equity firm was planning a $9 billion bid for the company.

Former Google exec launches fintech startup
Retail banking

Former Google exec launches fintech startup

20 July 2015  |  4347 views  |  0 comments | 14 tweets | 5 linkedin

A startup offering free credit checks has been launched by the former managing director of Google UK, Dan Cobley.

Faster Payments a factor in switching bank accounts - survey
Mobile & online

Faster Payments a factor in switching bank accounts - survey

20 July 2015  |  4577 views  |  4 comments | 14 tweets | 14 linkedin

Connection to the Faster Payments Service could be a deciding factor for Brits looking to switch bank account providers, according to a survey commissioned by ACI Worldwide.

FCA boss to step down
Risk & regulation

FCA boss to step down

17 July 2015  |  3599 views  |  0 comments | 6 tweets | 4 linkedin

Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), the UK banking watchdog, has announced his resignation.

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