29 July 2014

Latest News

Retail banking

Smartphone users still wedded to the branch - BofA survey

01 July 2014  |  3446 views  |  0

Almost one in two US smartphone users admit they wouldn't last a day without their mobile, and many consider their devices more important than daily staples such as coffee and television, according to a new report by Bank of America.

Retail banking

Moven raises $8m ahead of international push

01 July 2014  |  5331 views  |  0

US mobile-centric financial services provider Moven has raised $8 million in a series a funding round led by SBT Ventures.

Mobile & online

Dotcom survivor Yodlee files for IPO

01 July 2014  |  3444 views  |  1

Dotcom boom survivor Yodlee is finally ready to go public, fifteen years after makingg its debut as a novel screen-scraping service for bank account aggregation.

Retail banking

First direct makes high street debut

01 July 2014  |  3585 views  |  1

UK online and telephone bank first direct is to make its debut on the high street with its own branded ATMs.

Security

NoW hacker Glenn Mulcaire used ATM for phone hacking

01 July 2014  |  3289 views  |  3

Glenn Mulcaire, the private investigator at the centre of the News of the World scandal, hacked a cash machine and used its phone line to gain access to victims' voicemails.

Wholesale banking

Deutsche Bourse launches 'Open Innovation' forum

01 July 2014  |  3752 views  |  0

Deutsche Bourse has launched an 'Open Innovation' forum with the aim of building a community to incubate, develop and accelerate new business ideas coming from outside the group

Mobile & online

SBI targets young customers with digital branches

01 July 2014  |  2911 views  |  0

State Bank of India (SBI) has opened six digital branches as part of a campaign to attract young customers who have grown up in the internet and mobile era.

Wholesale banking

First Derivatives creates 484 Northern Ireland jobs

30 June 2014  |  2370 views  |  0

Capital markets tech house First Derivatives will create nearly 500 jobs at its headquarters in Newry, Northern Ireland, after scoring a £3.9 million government grant.

Payments

BBVA introduces HCE-based mobile NFC payments

30 June 2014  |  7323 views  |  0

Spain's BBVA has become the first major global bank to commercially launch a host card emulation-based mobile contactless payments service.

Retail banking

Telecom Italia to distribute payleven card readers as country cracks down on cash economy

30 June 2014  |  3894 views  |  1

Telecom Italia is to equip small business customers with mPOS chip card readers from payleven as the country enacts new legislation requiring firms to accept debit card payments for any transaction over EUR30.

Payments

Osper launches prepaid card and app banking service for kids

30 June 2014  |  4076 views  |  3

UK startup Osper is promising to reinvent banking for young people through a new prepaid card and mobile app-based service.

Retail banking

Russian Standard Bank enables mobile payments on Samsung smartphones

30 June 2014  |  4403 views  |  2

Russian Standard Bank is to be the first in Europe to enable contactless payments on NFC-enabled Samsung handsets.

Mobile & online

PayPal releases first Android Wear app

27 June 2014  |  6140 views  |  0

PayPal has released an app for the new Android Wear line of smartwatches.

Retail banking

Royal Bank of Scotland to spend £1 billion on retail transformation

27 June 2014  |  8932 views  |  2

The Royal Bank of Scotland is to spend over £1 billion over the next three years to rebuild its retail banking business, with investment in digital channels as the primary focus.

Security

CME ventures into Mission Impossible territory with investment in Wickr

27 June 2014  |  3823 views  |  0

CME Group has participated in a $30 million funding round for self-destructing messaging app developer Wickr, as the startup bids to move into financial services.

Mobile & online

Korean banks under siege from Android malware

27 June 2014  |  5677 views  |  0

Banking Trojans masquerading as Android mobile apps are spreading like wildfire through the smartphones of Korean users, with up to 100,000 devices so far infected.

Retail banking

Intuit to process bitcoin payments with QuickBooks Online

27 June 2014  |  4420 views  |  0

Intuit is to make bitcoin payments an option for the 624,000 small businesses who use its cloud-based QuickBooks Online financial management software.

Retail banking

Finextra Leadership: Life at L'Atelier BNP Paribas

27 June 2014  |  3599 views  |  0

Finextra speaks to Matthieu Soule about life at L'Atelier, the technology and innovation tracking unit at BNP Paribas.

Payments

Vishing fraud nets £21 million in first five months of 2014

27 June 2014  |  3932 views  |  0

In the first five months of this year, some of the UK's main high street banks have reported losses of over £21 million from vishing attacks, wherein consumers are tricked into handing over personal financial information.

Wholesale banking

New York set to overtake Silicon Valley as fintech startup hub

26 June 2014  |  7737 views  |  0

The gravitational pull of New York's financial sector is helping the metropolis outstrip Silicon Valley in terms of fintech startup investment, according to a new report by Accenture and the Partnership Fund for New York City.

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