01 September 2014

Latest News

Wholesale banking

NAB appoints new tech overlord

01 August 2014  |  3188 views  |  0

NAB's new chief Andrew Thorburn has acted quickly to turn around the Australian bank's flagging tech transformation project, replacing enterprise services head Lisa Gray with Renee Roberts, former chief risk officer of NAB-owned Bank of New Zealand.

Retail banking

Finally, Sepa migration deadline day arrives

01 August 2014  |  5819 views  |  2

After a 15 year slog, the Single euro payments area (Sepa) hits a major milestone today with the full implementation for credit transfers and direct debits in the euro area.

Mobile & online

Finextra Leadership: Life in the fast lane

01 August 2014  |  5424 views  |  1

Finextra talks to David Watson, global head of client access products for Deutsche Bank's global transaction banking business, about how the giant German bank is remodelling its technology platform to address the needs of a younger generation of digitally-savvy corporate treasury managers.

Payments

UK Payments Council chief Kamellard quits

31 July 2014  |  3956 views  |  0

The UK Payments Council's chief executive, Adrian Kamellard, is quitting the bank-run organisation as it prepares to "refocus" ahead of the introduction of a new payments regulator.

Wholesale banking

Westpac appoints CBA core transformation architect as new CIO

31 July 2014  |  3553 views  |  0

Wetspac has appointed Dave Curran, the architect of neighbouring Commonwealth Bank's core banking transformation project, as its new chief information officer.

Risk & regulation

CLS hires Zschach as chief information officer

31 July 2014  |  2412 views  |  0

FX risk reduction utility CLS has hired Tom Zschach as its new chief information officer, taking over the reins from former incumbent Sankar Aiyar, who unexpectedly quit the unit in March, midway through a major IT upgrade.

Risk & regulation

CME Group to buy Trayport and Fenics from GFI Group

30 July 2014  |  3464 views  |  0

Exchange operator CME Group has agreed a deal to buy the Trayport and Fenics trading technology units from GFI Group in a deal worth around $655 million.

Cards

Square gears up for US EMV switch with chip card reader

30 July 2014  |  5173 views  |  0

Square has unveiled plans to launch a chip and signature version of its mPOS dongle as it prepares for America's upcoming switch to EMV.

Cards

Minnesota Twins test mobile photo app for card applications

30 July 2014  |  3555 views  |  0

US Bank is testing a new app which lets fans of the Minnesota Twins baseball team apply for a payments card by snapping a photo of their driver's license.

Retail banking

TD Bank scores viral hit with Automated Thanking Machine campaign

30 July 2014  |  9412 views  |  4

A marketing campaign in which Canada's TD Bank turned its ATMs into 'Automated Thanking Machines' that distributed gifts to customers has proved a viral hit, racking up more than two million YouTube views in less than a week.

Mobile & online

Why Google Bank won't happen

30 July 2014  |  11735 views  |  7

Google won't launch a traditional bank because of the associated costs and regulation, but these hurdles won't stop the firm from redefining the future of financial services, according to a new Forrester report.

Wholesale banking

DTCC and banks form client data and documentation utility

29 July 2014  |  3268 views  |  0

The Depository Trust & Clearing Corporation (DTCC) has teamed up with six Wall Street banks to launch Clarient Entity Hub, a client data and documentation utility.

Retail banking

Brits back biometrics for banking authentication

29 July 2014  |  7523 views  |  8

More than half of Brits want their banks to integrate fingerprint biometric authentication technology into their digital services, according to a survey.

Cards

Nintendo brings NFC payments to Wii U in Japan

29 July 2014  |  3468 views  |  0

Japanese gamers can now buy the latest titles on Nintendo's eShop by tapping their contactless payment cards against their Wii U controllers.

Payments

PayPal brings Start Tank programme to London

29 July 2014  |  3653 views  |  1

PayPal is bringing its Start Tank programme to the UK, inviting the country's tech startups to apply for one of five chances to win a six month stint at its London offices.

Retail banking

New fintech fund targets emerging markets

28 July 2014  |  4447 views  |  0

Anthemis Group's Udayan Goyal has teamed up with private equity veteran Matteo Stefanel in a bid to raise $250 million for a growth fund targeting fintech startups in the developing world. Finextra spoke to Goyal about the fund.

Retail banking

PayPal hits the high street in Holland

28 July 2014  |  5394 views  |  0

Shoppers in the Netherlands can now use their PayPal accounts to order ahead and pay for goods and services at 1500 high street locations through a partnership with Rabobank-backed MyOrder

Cards

Doom on an ATM

28 July 2014  |  3654 views  |  0

A team of Australian geeks have rigged up an ATM to play popular shoot-'em-up action game Doom.

Retail banking

Dancing with Unicorns: Top VCs ramp up fintech investment activity

28 July 2014  |  3764 views  |  0

Fintech deal activity by the world's biggest venture capital firms has grown 61% from 2010 to 2013, according to data from CB Insights.

Mobile & online

Digital bank Holvi preps Irish launch

25 July 2014  |  4611 views  |  0

Holvi, the Finnish digital banking startup targeting small businesses, has hired former SumUp exec Thomas O'Reilly as it prepares to enter the Irish market next month.

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