Online banking fraud jumped 48% to £60.4 million in 2014, according to figures put together by Financial Fraud Action UK (FFA UK), which blames the rise on malware and confidence tricksters.
Challenger banks will feature heavily in the upcoming Swift Business Forum in London. Craig Donaldson, CEO at Metro Bank UK, is joined by keynote speaker Sir David Clementi, ex-deputy governor of the Bank of England and chairman of Virgin Money.
Mariano Belinky joined Santander Innoventures from McKinsey & Co. where he spent six years advising global banks and asset managers on strategy. Now he runs the Spanish bank's $100 million venture fund to lead a financial services digital revolution.
Nearly 40% of banked Americans that have mobile phones now use their handsets to access their accounts, according to research from the Federal Reserve Board.
PayPal has agreed to pay $7.7 million to settle charges from the US Treasury that lax screening technology saw the firm violate multiple sanctions programmes.
Global investment in fintech ventures tripled from $4.05 billion in 2013 to $12.2 billion in 2014, with Europe being the fastest growing region in the world, according to a new report by Accenture.
The UK government's midata initiative has launched, enabling Brits to download their current account transactional data and put it into online tools that will help them find the most suitable providers.
Some 57% of trading volume in European government bonds was executed electronically in 2014, up 14 percentage points since the onset of the global financial crisis according to a new report from Greenwich Associates.
Barclays and PayPal are among a list of nine companies applying to act as identity providers for UK consumers accessing Government services online.
British banks will have to provide 12 weeks' notice of branch closures and publish assessments of the impact on customers, under a new protocol to be published this week. However, the agreement is unlikely to slow the rush to cut expensive branch networks, stressing that closures are ultimately commercial decisions.
The Bank of England has been told it needs to improve contingency arrangements and strengthen its crisis management framework following an independent review of the ten-hour breakdown in the operation of the UK's high value payments system, Chaps, last year.
© Finextra Research 2015