30 March 2015

Latest transaction banking news

RateSetter gets £20m investment

6 hours ago  |  1775 views  |  0 comments | 11 tweets | 3 linkedin

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

Santander Innoventures invests $5m in MyCheck

7 hours ago  |  1952 views  |  0 comments | 3 tweets | 5 linkedin

The Israel-based MyCheck is the first major investment to be announced by the Spanish bank's $100 million venture fund.

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

8 hours ago  |  1660 views  |  0 comments | 6 tweets | 6 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.

Tangerine banking comes to the Apple Watch

15 hours ago  |  2533 views  |  0 comments | 10 tweets | 2 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.

EBAday attracts titans of transaction banking

16 hours ago  |  2121 views  |  0 comments | 4 tweets | 4 linkedin

More than 850 bankers and treasury professionals from across Europe are expected to descend on Amsterdam in May to hear senior executives from ING, ABN Amro, HSBC, RBS and Deutsche Bank speak at EBAday 2015, the continent's pre-eminent annual payments event.

UK online banking fraud losses soar 48%

27 March 2015  |  5166 views  |  0 comments | 16 tweets | 17 linkedin

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.

Swift London Business Forum to continue discussions on FinTech innovation

27 March 2015  |  4045 views  |  1 comments | 4 tweets | 4 linkedin

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.

Future Money Focus: Mariano Belinky, Santander Innoventures

27 March 2015  |  4981 views  |  0 comments | 12 tweets | 12 linkedin

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.

US mobile banking on the rise - Fed study

27 March 2015  |  3972 views  |  0 comments | 17 tweets | 15 linkedin

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 pays $7.7m in US sanctions case

26 March 2015  |  3332 views  |  4 comments | 11 tweets | 10 linkedin

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.

Europe sets the pace as fintech investment triples in 2014

26 March 2015  |  5969 views  |  0 comments | 29 tweets | 20 linkedin

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.

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