21 December 2014

Latest News

Start ups

Tax treatment entices Aussie bitcoin startup to relocate to UK

01 December 2014  |  2616 views  |  0

Australia's largest Bitcoin company CoinJar is moving its headquarters to the UK to take advantage of a more favourable regulatory regime.

Retail banking

ABN Amro signs multi-billion dollar outsourcing deal with IBM

01 December 2014  |  5380 views  |  0

ABN Amro has signed a 10-year, multi-billion dollar services agreement with IBM to manage the IT infrastructure that supports the bank’s operations globally.

Retail banking

Coutts and Barclays to roll out video banking services

01 December 2014  |  5566 views  |  1

Barclays and Coutts are to enter a new era of financial advisory service with the roll-out of face-to-face video platforms to connect customers to banking experts from their mobile or desktop.

Start ups

FinLeap aims to create hit factory for fintech startups

01 December 2014  |  5603 views  |  0

The financial technology world is to get its first 'startup factory' with the launch by incubation platform HitFox Group of FinLeap in Berlin and San Francisco.

Cards

Moven wins app licensing deal with TD Bank

01 December 2014  |  4423 views  |  0

Canada's Toronto Dominion Bank is to license mobile financial management software from banking startup Moven to enable customers to track their spending on the move.

Start ups

Route 66: 'The six things fintech investors are looking for'

28 November 2014  |  8070 views  |  0

Investment firm Route 66 Ventures says that fintech entrepreneurs seeking funding for fresh innovations in banking should focus their efforts on the development of crypto-business models, asset management, alternative lending, and bank API, mobile payments and digital channels.

Payments

Black is not the only way to describe Friday says Santander

28 November 2014  |  4098 views  |  0

As an antidote to the shopping frenzy that characterises the day after Thanksgiving in the US, Banco Santander has taken a refreshingly different approach with a campaign that encourages people to avoid the crush at the malls and instead spend more time with family and friends.

Wholesale banking

Johnson flies the flag for London's fintech sector

28 November 2014  |  9818 views  |  0

London has cemented its position as a world leader in financial technology, with companies in the capital attracting more than US$539 million in venture capital investment so far this year – triple the amount raised in 2013 and more than half of all fintech investment across Europe.

Mobile & online

Skrill adds scale in pre-paid with plans to acquire Ukash

27 November 2014  |  7496 views  |  0

Skrill Group is to acquire Ukash, a UK-based electronic money system that allows users to exchange their cash for a secure code to make payments online.

Payments

Man goes on ATM rampage after machine rejects his card

27 November 2014  |  5587 views  |  3

In an uncontrollable fit of ATM rage, a Chinese man took a hammer to nine cash machines in the City of Guangzhou after his bank card was rejected.

Mobile & online

Monitise gets £49.2 million boost from Santander, Telefonica and IBM

27 November 2014  |  13007 views  |  1

Santander, Telefonica and MasterCard are to invest £49.2 million in Monitise, providing a welcome boost to the London-based mobile money outfit after Visa decided to sell off its stake in the company.

Mobile & online

Clinkle entices students with vending machine full of free cash

26 November 2014  |  4346 views  |  0

Much derided mobile payments startup Clinkle has unveiled its customer acquisition strategy: bribing students with $20 bills from a vending machine stuffed with cash.

Cards

Discover fires lawsuit alleging anti-competitive practices at Visa

26 November 2014  |  3961 views  |  3

Discover has filed a lawsuit accusing rival card scheme Visa of anti-competitve practices in its debit card business.

Payments

Retailers to beam offers to passengers travelling on Norwich buses

26 November 2014  |  4102 views  |  0

UK transport company FirstGroup has deployed bluetooth low energy beacons on buses in Norwich to deliver messages and discounts from local retailers to passenger smartphones as they travel through the city.

Retail banking

Danish telcos sell m-payments venture to bank-owned rival

26 November 2014  |  6673 views  |  0

Swipp, a mobile payments service owned by a consortium of Danish banks, has acquired Paii, a rival outfit formed by a group of telcos.

Cards

Twitter lets users add coupons to cards for in-store redemption

25 November 2014  |  3934 views  |  0

In its latest foray into the commerce sphere, Twitter is testing a feature that lets users add discounts from advertisers on the social network to their payment cards.

Retail banking

Crédit Agricole joins French bank-run e-payments service

25 November 2014  |  5829 views  |  1

Paylib, a PayPal-style online payment system set up last year by French banks, is extending its reach thanks to the addition of Crédit Agricole as a member and a deal with MasterCard that will let people use the service abroad.

Retail banking

ING to cut 1700 staff and grow digital investment

25 November 2014  |  5326 views  |  2

Dutch bank ING is to cut 1700 jobs and spend EUR200 million to simplify and upgrade its IT systems over the next three years.

Post-trade & ops

Neptune bids to FIX liquidity shortage in bond trading

25 November 2014  |  4587 views  |  0

The FIX trading community has agreed a set of best practices for use of the messaging protocol for the exchange of pre-trade information in the bond market, as banks and asset managers work together to overcome a liquidity shortage in fixed income trading.

Retail banking

NAB decommissions 37 legacy servers as it deploys new credit risk engine

25 November 2014  |  3608 views  |  0

NAB has decommissioned 37 legacy servers that supported its old credit risk engine, following the successful roll-out of a new analytics layer as part of the Australian bank’s NextGen programme.

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