19 April 2015

Latest News

Risk & regulation

Snapchat posts sees RBS investment bank head ousted

31 March 2015  |  6739 views  |  1 comments | 11 tweets | 3 linkedin

Rory Cullinan has resigned as head of RBS' investment bank after a series of messages he posted on social media app Snapchat were published in the Sun newspaper in the UK, according to the FT.

Transaction banking

Canada's D+H agrees $1.25bn Fundtech acquisition

31 March 2015  |  5416 views  |  0 comments | 5 tweets | 21 linkedin

Canadian financial technology firm D+H is to buy transaction banking vendor Fundtech for $1.25 billion in cash, subject to regulatory approvals.

Payments

Westpac launches online SME tools

31 March 2015  |  3879 views  |  0 comments | 9 tweets | 6 linkedin

Westpac has launched a Live Online Lending Application (Lola) to help small to medium sized enterprises apply for loans and a MyBusiness Assist platform to help businesses plan, manage and finance their firms more easily.

Retail banking

MasterCard strengthens Silicon Valley outpost

31 March 2015  |  3804 views  |  0 comments | 4 tweets | 3 linkedin

In an effort to embed itself more firmly within Silicon Valley, MasterCard is relocating its emerging merchants team to its San Carlos Center of Excellence.

Wholesale banking

Sydney fintech hub opens

31 March 2015  |  3861 views  |  0 comments | 7 tweets | 5 linkedin

Australian EFTPOS outfit Tyro Payments is opening a fintech hub in Sydney where startups can rent deskspace.

Virtual currency

Ex-federal agents charged with stealing Silk Road-related bitcoins

30 March 2015  |  2556 views  |  0 comments | 5 tweets | 3 linkedin

Two former federal agents have been charged with stealing hundreds of thousands of dollars worth of bitcoin during the investigation of the Silk Road dark web marketplace.

Risk & regulation

RateSetter gets £20m investment

30 March 2015  |  4565 views  |  0 comments | 12 tweets | 7 linkedin

Peer-to-peer lender RateSetter has secured a £20 million investment from veteran banker Ken Costa, along with Woodford Investment Management and Artemis.

Retail banking

Santander Innoventures invests $5m in MyCheck

30 March 2015  |  4909 views  |  0 comments | 11 tweets | 9 linkedin

The Israel-based MyCheck is the first fintech firm to receive a major investment from the $100 million Santander Innoventures fund.

Risk & regulation

UK banks' IT spending to increase - CBI/PwC Report

30 March 2015  |  5176 views  |  0 comments | 16 tweets | 11 linkedin

UK banks’ spending priorities for the next year are focused on improving IT infrastructure and cyber security, according to a report from the CBI and PwC, which also finds a focus on building new digital platforms to remain competitive and respond to changing customer needs.

Retail banking

Tangerine banking comes to the Apple Watch

30 March 2015  |  5670 views  |  0 comments | 15 tweets | 4 linkedin

Canadian direct bank Tangerine is set to be one of the first developers out of he blocks with an Apple Watch app, enabling customers to access their account information from their wrists.

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