05 March 2015

Latest News

Cards

AXA sets up EUR200 million disruptive venture fund

25 February 2015  |  3120 views  |  0 comments | 12 tweets | 10 linkedin

AXA has launched a EUR200 million venture capital fund dedicated to investing in budding strategic innovations in the insurance, asset management, financial technology and healthcare service industries.

Post-trade & ops

Fintech fund Illuminate Financial invests in CloudMargin

25 February 2015  |  2523 views  |  0 comments | 5 tweets | 6 linkedin

Illuminate Financial, a fintech venture fund focused on the capital markets industry, has made its first investment since its launch last year, taking a stake in collateral management outfit CloudMargin.

Retail banking

Wells Fargo launches credit score advice sites

25 February 2015  |  3180 views  |  0 comments | 3 tweets | 4 linkedin

US bank Wells Fargo has built a set of interactive websites designed to help users build and improve their credit.

Payments

JP Morgan Chase to close 300 branches as customers go mobile

24 February 2015  |  7369 views  |  9 comments | 23 tweets | 36 linkedin

With customer flocking to its mobile app, JPMorgan Chase is planning to close around 300 branches by the end of next year.

Retail banking

Starling flight plans rocked by executive departures

24 February 2015  |  2774 views  |  0 comments | 8 tweets | 2 linkedin

The future of digital challenger bank Starling is in the balance after the departure of four senior members of the leadership team and a break in talks with one of its prospective investors.

Retail banking

JPMorgan Chase creates $3 million prize pot for innovation challenge

24 February 2015  |  3652 views  |  0 comments | 16 tweets | 5 linkedin

JPMorgan Chase has stumped up $3 million in prize money to entice developers to build applications that directly address consumer debt and financial well-being.

Cards

Startup profile: VoguePay's African ambitions

24 February 2015  |  3846 views  |  0 comments | 7 tweets | 5 linkedin

With offices in Lagos and London, VoguePay is looking to build a payment processing bridge connecting Africa's one billion people to the global market. Founders Geoffrey Weli Wosu and Michael Simeon speak to Finextra about their startup.

Security

Diebold takes 90-degree shift to counter ATM skimming

24 February 2015  |  3297 views  |  0 comments | 3 tweets | 10 linkedin

ATM manufacturer Diebold claims to have found the answer to skimming fraud with a new reader that requires users to insert their card sideways on to prevent the copying of data stored on the magnetic stripe.

Wholesale banking

Deutsche Bank and HP ink multi-billion dollar IT outsourcing pact

24 February 2015  |  3648 views  |  0 comments | 2 tweets | 2 linkedin

Deutsche Bank has signed a ten-year, multi-billion dollar deal to outsource a large chunk of its wholesale IT infrastructure to HP.

Payments

Visa brings tokenisation to Europe; preps P2P/social media payments service

24 February 2015  |  7774 views  |  0 comments | 33 tweets | 28 linkedin

Visa Europe is to launch a tokenisation service customised for the European marketplace in mid-April in a move which would pave the way for the roll out of Apple Pay across the continent.

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