29 July 2014

Latest News

Payments

New fintech fund targets emerging markets

17 hours ago  |  1620 views  |  0

Anthemis Group's Udayan Goyal has teamed up with private equity veteran Matteo Stefanel in a bid to raise $250 million for a growth fund targeting fintech startups in the developing world. Finextra spoke to Goyal about the fund.

Payments

PayPal hits the high street in Holland

17 hours ago  |  2235 views  |  0

Shoppers in the Netherlands can now use their PayPal accounts to order ahead and pay for goods and services at 1500 high street locations through a partnership with Rabobank-backed MyOrder

Retail banking

Doom on an ATM

19 hours ago  |  1672 views  |  0

A team of Australian geeks have rigged up an ATM to play popular shoot-'em-up action game Doom.

Retail banking

Dancing with Unicorns: Top VCs ramp up fintech investment activity

19 hours ago  |  1808 views  |  0

Fintech deal activity by the world's biggest venture capital firms has grown 61% from 2010 to 2013, according to data from CB Insights.

Retail banking

Digital bank Holvi preps Irish launch

25 July 2014  |  3239 views  |  0

Holvi, the Finnish digital banking startup targeting small businesses, has hired former SumUp exec Thomas O'Reilly as it prepares to enter the Irish market next month.

Cards

Contactless payments to arrive on London's Tube in September

25 July 2014  |  5318 views  |  0

Londoners will soon be able to pay for journeys on the tube, DLR and overground with their contactless bank cards and mobile phones.

Mobile & online

USAA enlists IBM's Watson to help military personnel transition to civilian life

25 July 2014  |  2985 views  |  1

Online army bank USAA has begun using IBM's Watson cognitive computing platform to help military personnel ease back into civilian life.

Trade execution

Barclays seeks dismissal of NY Attorney General's dark pool lawsuit

24 July 2014  |  2406 views  |  1

Barclays has filed a motion seeking to throw out a lawsuit from the New York Attorney General accusing the bank of deceptively luring unwary investors to a dark pool that was actually being run for the benefit of predatory high-frequency traders.

Retail banking

European Central Bank site hacked

24 July 2014  |  3523 views  |  0

Crooks have hacked the European Central Bank's website, stealing contact data and demanding a ransom for its return.

Security

Police make StubHub cybercrime ring arrests

24 July 2014  |  2435 views  |  0

New York authorities have charged six people accused of being part of an international criminal gang which used stolen card data to buy thousands of event tickets through eBay-owned StubHub.

Retail banking

Apple talking to Visa about mobile payments - report

24 July 2014  |  8720 views  |  13

Apple is in talks with Visa as it ponders launching a mobile wallet this autumn, according to tech site The Information.

Retail banking

Online lender AvantCredit raises $75m

24 July 2014  |  1808 views  |  0

AvantCredit, a Chicago-based online consumer lender, has raised $75 million in a series c funding round led by Tiger Global Management and secured a $200 million credit facility.

Wholesale banking

University incubator companies pitch to Barclays

23 July 2014  |  2923 views  |  0

A business incubation programme run by a consortium of UK universities has been pitching promising startup companies to Barclays Bank.

Payments

PayPal brings small biz working capital programme to UK

23 July 2014  |  3270 views  |  1

PayPal is bringing its working capital programme for small business customers to the UK, offering firms cash advances against future sales.

Wholesale banking

Iress introduces Twitter market data service

23 July 2014  |  1993 views  |  0

Fintech vendor Iress is promising to bring market data to the masses through a tool that allows people to request share process information through Twitter.

Cards

Amazon sneaks out wallet app

22 July 2014  |  6308 views  |  2

Amazon has taken another tentative step into the world of offline commerce through the launch of a mobile wallet app where customers can store loyalty and gift cards.

Post-trade & ops

Swift signs more banks to KYC Registry

22 July 2014  |  3511 views  |  0

Interbank messaging network Swift has signed up another six major banks to its KYC Registry initiative as it gears up for a launch at the end of this year.

Retail banking

Ex-Google Wallet boss Bedier becomes PayRange director

22 July 2014  |  3720 views  |  1

Former Google Wallet chief Osama Bedier has turned up as a director at PayRange, a startup that builds dongles that can be attached to vending machines to enable them to accept mobile payments.

Mobile & online

Westpac NZ trials HCE-based mobile contactless payments

22 July 2014  |  3420 views  |  0

Westpac has become the first bank in New Zealand to trial a host card emulation-based mobile NFC payments service.

Payments

BBA ponders Payments Council merger - Sky News

22 July 2014  |  2964 views  |  0

The British Bankers' Association (BBA) is investigating a merger with the Payments Council and the UK Card Association, according to Sky News.

Mobile & online

Startupbootcamp names fintech accelerator startup finalists

21 July 2014  |  5340 views  |  0

A collection of 10 fintech startups from around the world have battled their way onto an accelerator programme run by Startupbootcamp.

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