06 February 2016

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UK becomes 'cash-second' nation as contactless payments soar
Mobile & online

UK becomes 'cash-second' nation as contactless payments soar

26 January 2016  |  10065 views  |  11 comments | 49 tweets | 56 linkedin

Britain has become a "cash-second" nation, claims Visa Europe, which saw an explosion in contactless payments drive an 11.5% rise in the number of transactions it recorded in the country last year.

Finnish fintech fund launches
Start ups

Finnish fintech fund launches

25 January 2016  |  3271 views  |  0 comments | 13 tweets | 6 linkedin

Swedish fintech investor NFT Ventures is launching a second fund targeting startups in Finland through a partnership with local broadcaster MTV.

DTCC calls for industry coordination on distributed ledger tech
Post-trade & ops

DTCC calls for industry coordination on distributed ledger tech

25 January 2016  |  3719 views  |  0 comments | 10 tweets | 13 linkedin

The Depository Trust & Clearing Corporation (DTCC) has pitched itself as the coordinator of an industry-wide investigation into whether distributed ledger technology is the answer to "certain limitations" in the post-trade process.

Australian bank boycott of Apple Pay continues as NAB rolls out Android rival
Payments

Australian bank boycott of Apple Pay continues as NAB rolls out Android rival

25 January 2016  |  6310 views  |  3 comments | 13 tweets | 15 linkedin

National Australia Bank has launched a new mobile payment service for Android smartphones, NAB Pay, as the country's biggest banks continue their boycott of iOS rival Apple Pay.

MPs round on banks following IT failures
Mobile & online

MPs round on banks following IT failures

25 January 2016  |  3973 views  |  3 comments | 17 tweets | 13 linkedin

Following a string of high profile technical blackouts, Britain's biggest banks have been urged by the UK's influential Treasury Select Committee to invest more resources to improve their technology infrastructure and to appoint board directors with knowledge of IT.

Make way for the banks: Barclays welcomes inhouse team to accelerator programme
Retail banking

Make way for the banks: Barclays welcomes inhouse team to accelerator programme

25 January 2016  |  6250 views  |  0 comments | 23 tweets | 15 linkedin

An internal blockchain-focused unit of Barclays Bank has made the cut to participate in the bank's 2016 accelerator programme, a space usually reserved for innovative startups that threaten the banking status quo.

JC Flowers snaps up Chi-X Asia Pacific units
Wholesale banking

JC Flowers snaps up Chi-X Asia Pacific units

25 January 2016  |  2270 views  |  0 comments | 1 tweets | 3 linkedin

Private equity group JC Flowers is to buy the Australian and Japanese trading platforms of Chi-X Global and its Hong Kong IT unit Chi-Tec. Terms of the transaction were not disclosed.

HSBC invests in cognitive computing firm CustomerMatrix
Retail banking

HSBC invests in cognitive computing firm CustomerMatrix

25 January 2016  |  5238 views  |  0 comments | 12 tweets | 9 linkedin

HSBC has led a $10.5 million Series B funding round for New York-headquartered cognitive computing startup CustomerMatrix.

TrustBuddy investors to lose a chunk of cash on appointment of debt collectors
Retail banking

TrustBuddy investors to lose a chunk of cash on appointment of debt collectors

22 January 2016  |  3569 views  |  1 comments | 3 tweets | 3 linkedin

Bankrupt P2P lender TrustBuddy says investors will lose a quarter of their cash after handing over £24 million of outstanding loans to a debt collection agency.

Hong Kong banks to roll out mobile P2P payment network
Retail banking

Hong Kong banks to roll out mobile P2P payment network

22 January 2016  |  6885 views  |  0 comments | 12 tweets | 9 linkedin

Bank-backed Hong Kong ATM network Jetco is to launch a P2P mobile payment system with a consortium of 12 of the territory's leading banks.

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