02 October 2014

Latest News

Retail banking

Cryto-currency outfit Epiphyte triumphs at Innotribe Startup Challenge

1 hour ago  |  599 views  |  2

US-based cryptocurrency startup Epiphyte has emerged as the winner of the Innotribe Startup Challenge at Sibos in Boston.

Retail banking

Boku partners mobile operators to extend carrier billing to next level

1 hour ago  |  760 views  |  0

With a European e-money license under its belt, carrier billing outfit Boku is partnering with three of the UK's leading wireless operators to expand into the fully-regulated mobile payments market.

Mobile & online

Barclays fintech accelerator startups make pitches

10 hours ago  |  2231 views  |  0

After three months of intensive work, the 11 fintech startups on Barclays' accelerator programme this week pitched their efforts to the great and the good.

Wholesale banking

Wall Street firms take on Bloomberg with new messaging platform

16 hours ago  |  1738 views  |  0

A group of Wall Street firms, led by Goldman Sachs, has acquired instant messaging outfit Perzo and set up a new company to help them break free of their reliance on Bloomberg.

Security

Tangerine brings biometrics to mobile banking

19 hours ago  |  2191 views  |  0

Canadian digital bank Tangerine is revamping its mobile app to enable customers to log in using Apple's Touch ID technology and issue commands through speech.

Wholesale banking

Deutsche Bank speeds Swift standards uptake on Autobahn

21 hours ago  |  1699 views  |  0

Swift's MyStandards tool is to be made available via Deutsche Bank's Autobahn Apps Market.

Mobile & online

Wells Fargo steps into Oculus Rift at new digital lab

01 October 2014  |  1855 views  |  0

Wells Fargo has established a digital lab to test the use of bleeding edge technologies such as smart wearables and virtual reality headsets in banking.

Mobile & online

FCA examines move to full bank account portability

01 October 2014  |  2863 views  |  2

The UK's Financial Conduct Authority will explore the introduction of full bank account portability as part of a review into the country's existing current account switching service.

Retail banking

Reddit ponders own cryptocurrency to distribute shares to community

30 September 2014  |  2660 views  |  0

After closing a $50 million funding round, Reddit could create its own cryptocurrency as a way of handing over shares in the platform to its massive user-base.

Payments

Yodlee Interactive adds location-based insight to financial data API

30 September 2014  |  2465 views  |  0

Yodlee Interactive is launching a private beta programme that will marry its transactional data with geo-location information in an effort to make app offerings more personalised.

Retail banking

Dwolla looks to new markets after CME Group investment

30 September 2014  |  2141 views  |  0

Dwolla has raised $9.7 million in a funding round led by exchange operator CME Group in a move that signals the digital payments startup's intentions to move beyond the retail world.

Retail banking

$10 million startup fund aims at Stripe ecosystem

30 September 2014  |  2232 views  |  0

General Catalyst Partners is to invest $10 million in venture capital for market-changing businesses and applications built on the Stripe Connect platform.

Payments

BofA Merrill Lynch lets firms use mobile numbers to pay customers

30 September 2014  |  2511 views  |  1

Bank of America Merrill Lynch is tapping the technology behind its P2P payments service to launch a system that lets companies send money directly to customers' accounts using their mobile number or email address.

Payments

EBay and PayPal to split

30 September 2014  |  3702 views  |  0

EBay is to spin off Paypal into a publicly traded company in 2015 and has appointed American Express executive Dan Schulman as president and CEO of the payments business in anticipation of the move.

Wholesale banking

Payments industry challenged by soaring growth in non-cash transactions

30 September 2014  |  4361 views  |  0

Non-cash payments volumes are expected to increase by nearly 10% percent to reach 366 billion transactions in 2013, fueled by strong growth in developing markets and mobile payments, according to the 10th annual World Payments Report from Capgemini and Royal Bank of Scotland (RBS).

Wholesale banking

FS firms gear up for .bank domains

30 September 2014  |  2928 views  |  0

Financial services firms will be able to use '.bank' domains from next year after a collection of industry organisations struck a deal with Icann.

Retail banking

Deutsche Bundesbank and EBA Clearing team on XML-based card clearing service

30 September 2014  |  2197 views  |  0

Germany's central bank is working with EBA Clearing to build a new XML-based infrastructure for clearing debit card transactions for the country's financial institutions.

Risk & regulation

Swift offers one year free access to KYC Registry

29 September 2014  |  2812 views  |  0

Swift will give free access to its new KYC Registry throughout 2015 to banks that contribute their own data to the service.

Retail banking

Banks shut branches and ATMs as Hong Kong unrest grows

29 September 2014  |  2033 views  |  0

Several banks in Hong Kong, including Standard Chartered, have shut down branches and ATMs and advised customers to use online and mobile services, as tensions between pro-democracy demonstrators and police on the island grow.

Wholesale banking

NatWest and RBS to launch accelerator hubs for entrepreneurs

29 September 2014  |  2224 views  |  0

NatWest and RBS are to open a network of eight new business accelerator hubs offering free workspace, hands on mentoring, a start up 'bootcamp' and a free programme of up to 18-months of advice, support and funding clinics for budding entrepreneurs.

Security

Isbank implements TouchID for mobile banking on the iPhone

29 September 2014  |  2666 views  |  0

Turkey's Isbank has enabled Apple's TouchID fingerprint log-in for mobile banking on the iPhone.

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