27 April 2015

Latest News

Retail banking

Digital challengers face tough times as consumers cling to branches

10 hours ago  |  2070 views  |  4 comments | 12 tweets | 11 linkedin

Digital-only bank startups in the UK could be on a hiding to nothing, as almost half of consumers rate in-person service at a bank branch as an important factor in meeting their financial needs.

Retail banking

Nordea hires mBank's Panowicz to aid digital transformation

13 hours ago  |  1483 views  |  0 comments | 2 tweets | 2 linkedin

Nordea has hired Michal Panowicz from Polish direct bank mBank, as deputy head of digital banking.

Wholesale banking

Innotribe selects European Startup Challenge finalists

24 April 2015  |  2420 views  |  0 comments | 11 tweets | 6 linkedin

Innotribe, the innovation arm of financial messaging network Swift, has selected five European startups who will compete for a $50,000 grand prize at Sibos Singapore in Ocober.

Wholesale banking

Nasdaq agrees $26.5m settlement over botched Facebook IPO

24 April 2015  |  1877 views  |  0 comments | 5 tweets | 2 linkedin

Nasdaq has agreed to pay $26.5 million to settle a class action lawsuit over the technical glitches that marred the IPO of Facebook in 2012.

Mobile & online

EBAday attracts global focus; exhibition sells out

24 April 2015  |  3149 views  |  0 comments | 9 tweets | 4 linkedin

Europe's premier payments conference, EBAday, is taking on an increasingly global flavour as the quest for instant funds transfers brings representatives from the Federal Reserve, The Clearing House and Ripple to the podium.

Retail banking

Banks on the brink as customer experience stagnates - Capgemini

23 April 2015  |  8851 views  |  1 comments | 47 tweets | 38 linkedin

The twelth annual World Retail Banking Report from Capgemini and Efma makes depressing reading for established banks as it charts an industry struggling to engage with customers and increasingly challenged by a raft of new competitors.

Payments

Wincor Nixdorf to axe staff, spin off cashless business as sales slump

23 April 2015  |  3496 views  |  0 comments | 5 tweets | 3 linkedin

Wincor Nixdorf is to slash twelve percent of its workforce and spin-off its cashless payments business as the company tackles deteriorating business conditions in key emerging markets such as Russia and China and a sluggish recovery in investment spending throughout Europe.

Retail banking

Swift Business Forum London - Live blog

23 April 2015  |  3264 views  |  0 comments | 3 tweets | 2 linkedin

Returning for its fifth year, the SWIFT Business Forum London will bring together 800 plus financial services professionals to explore the theme of harnessing change in financial services.

Retail banking

Funding Circle raises $150m

23 April 2015  |  2786 views  |  0 comments | 6 tweets | 4 linkedin

Funding Circle, an online marketplace for business loans, has raised $150 million in a financing round led by DST Capital.

Retail banking

Future Money roundup: Big banks have their day in the sun

22 April 2015  |  4880 views  |  2 comments | 17 tweets | 9 linkedin

Some of the world's biggest banks took to the stage at the second annual Finextra Future Money conference to show their innovation chops and dispel the notion that the industry is reaching a point of peak disruption.

Wholesale banking

HTML5 specialist OpenFin raises $3m

22 April 2015  |  3248 views  |  0 comments | 2 tweets | 1 linkedin

OpenFin, a provider of HTML5 runtime technology for the financial industry, has raised $3 million in a funding round joined by high-profile individuals including Cris Conde and Tom Glocer.

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