01 March 2015

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Cards

Rabobank rolls out mobile wallet

12 February 2015  |  7962 views  |  9 comments | 16 tweets | 17 linkedin

Rabobank has rolled out a mobile wallet on the embedded Secure Element of Samsung Galaxy S4 and Samsung Note 3 phones.

Security

More than one billion records compromised by data breaches in 2014

12 February 2015  |  5604 views  |  0 comments | 19 tweets | 20 linkedin

Data breaches increased 49% in 2014 to one billion data records compromised, with cybercriminals targeting identity theft as a top breach category, according to research by Gemalto.

Wholesale banking

London tech sector attracts record US investment

11 February 2015  |  5785 views  |  0 comments | 20 tweets | 11 linkedin

London tech firms attracted nearly $800 million from US investors last year, with the fintech sector at the fore, according to figures compiled for the city's mayor, Boris Johnson.

Retail banking

Finovate Europe 2015 - Day 2 Roundup

11 February 2015  |  6171 views  |  0 comments | 15 tweets | 7 linkedin

The second and final day of Finovate Europe saw 32 startups take the stage to try and impress a packed crowd of fintech VCs, journalists, bankers and experts. PFM, mobile payments and wealth management all made an appearance, often to a critical audience - while other firms attempted to push the boundaries of fintech, causing a huge buzz within Old Billingsgate and on social media.

Mobile & online

Lloyds to accept electronic photo ID docs for online account opening

11 February 2015  |  8138 views  |  7 comments | 24 tweets | 14 linkedin

Lloyds Banking Group is introducing a new service for customers to upload photos of identification documents for online account opening without the need to visit a bank branch.

Cards

Icici unveils Pockets mobile wallet

11 February 2015  |  4295 views  |  1 comments | 7 tweets | 6 linkedin

As it prepares to face a host of new competitors, Icici Bank has set out its pitch to India's millennials with a new mobile wallet called Pockets.

Retail banking

Temenos buys US software provider Akcelerant

10 February 2015  |  3611 views  |  2 comments | 5 tweets | 8 linkedin

On the day it reported a fall in fourth quarter revenues, Swiss core banking vendor Temenos has acquired US financial software provider Akcelerant for $50 million in cash.

Retail banking

Hong Kong central bank warns of bitcoin dangers as MyCoin disappears without trace

10 February 2015  |  5110 views  |  0 comments | 19 tweets | 8 linkedin

Hong Kong's central bank has warned the public about investing in bitcoin after local media reports that a virtual currency exchange operator may have scarpered with $387 million in client funds.

Post-trade & ops

Finovate Europe 2015 - Day 1 roundup

10 February 2015  |  9641 views  |  0 comments | 27 tweets | 13 linkedin

Crowdfunding, bitcoin, identity and security, and, of course, personal finance management dominated the first day of Finovate Europe in London. Finextra watched the demos, followed the tweets and spoke to the players. Here's what caught our eye.

Payments

Investment in fintech startups soars

10 February 2015  |  12131 views  |  0 comments | 50 tweets | 29 linkedin

Fintech firms around the world raised $6.8 billion in funding in 2014, a three-fold increase on the previous 12 months as the sector enjoyed a banner year that also saw its first IPOs and a host of startups joining the billion dollar club.

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