02 September 2015

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Trading game helps FS firms pick job candidates
Trade execution

Trading game helps FS firms pick job candidates

19 August 2015  |  3619 views  |  0 comments | 13 tweets | 1 linkedin

Wall Street and City firms now have a new tool to help them sift through thousands of job applications: a virtual trading platform that uses social gaming, psychology and machine learning techniques to test candidates' mettle.

Target and Visa reach data breach settlement
Payments

Target and Visa reach data breach settlement

18 August 2015  |  5550 views  |  1 comments | 6 tweets | 6 linkedin

Visa has reportedly reached a settlement of up to $67 million with Target to reimburse member banks for expenses accrued following the massive 2013 data breach at the US retail chain.

MasterCard trials selfie payments in the Netherlands and US
Payments

MasterCard trials selfie payments in the Netherlands and US

18 August 2015  |  14428 views  |  3 comments | 53 tweets | 45 linkedin

MasterCard is embarking on two pilots, one in the US and one in the Netherlands, which use facial recognition technology for payment verification.

Visa and Qiwi combine for Russian mobile payments roll out
Payments

Visa and Qiwi combine for Russian mobile payments roll out

18 August 2015  |  6398 views  |  1 comments | 7 tweets | 4 linkedin

Visa has installed its payWave application on Russia's popular Qiwi e-wallet, putting mobile contactless payments into the hands of millions of Russian consumers.

Mobile users crave simplicity over payments
Mobile & online

Mobile users crave simplicity over payments

18 August 2015  |  7527 views  |  2 comments | 29 tweets | 14 linkedin

Forget about mobile payments, the top three most important features for British smartphone users are ease of use, call reception and battery life.

Chinese man sets up fake bank branch
Security

Chinese man sets up fake bank branch

18 August 2015  |  5657 views  |  0 comments | 18 tweets | 15 linkedin

China is well known for its fakes, with 20% of consumer products in the Chinese market counterfeit. But it's not just Apple phones and designer handbags that are being copied, bank branches appear fair game too as one of the country's biggest banks sees its brand hijacked by a bogus high street outlet.

Earthport opens gateway to distributed ledgers with Ripple
Retail banking

Earthport opens gateway to distributed ledgers with Ripple

18 August 2015  |  6778 views  |  0 comments | 25 tweets | 19 linkedin

UK-based payments network Earthport has opened a distributed ledger gateway for bank clients to process real-time cross border payments via the Ripple protocol.

Interac backs Toronto fintech cluster
Retail banking

Interac backs Toronto fintech cluster

18 August 2015  |  6212 views  |  0 comments | 20 tweets | 6 linkedin

Toronto's new financial technology cluster has signed up one of the country's biggest fintech players, debit payment group Interac, as a strategic partner.

Zopa hits £1bn lending mark
Retail banking

Zopa hits £1bn lending mark

18 August 2015  |  4653 views  |  0 comments | 16 tweets | 9 linkedin

UK peer-to-peer lending platform Zopa has now facilitated more than £1 billion in loans, involving more than 200,000 people.

Banks warned on risks of using unsupported Windows Server 2003
Wholesale banking

Banks warned on risks of using unsupported Windows Server 2003

18 August 2015  |  4472 views  |  1 comments | 7 tweets | 7 linkedin

NatWest and ANZ are among the banks that are still using Windows Server 2003, despite Microsoft ending support for the operating system last month, according to security outfit Netcraft.

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