23 July 2014

Latest News

Wholesale banking

University incubator companies pitch to Barclays

5 hours ago  |  984 views  |  0

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

Retail banking

PayPal brings small biz working capital programme to UK

6 hours ago  |  1275 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

16 hours ago  |  987 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.

Retail banking

Amazon sneaks out wallet app

22 July 2014  |  3813 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  |  2221 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  |  2358 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.

Payments

Westpac NZ trials HCE-based mobile contactless payments

22 July 2014  |  2349 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  |  2225 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  |  4243 views  |  0

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

Retail banking

ACI Worldwide seeks opportunities in CNP fraud protection with ReD acquisition

21 July 2014  |  3087 views  |  0

ACI Worldwide is to acquire UK-based payment fraud prevention outfit Retail Decisions (ReD) for $205 million in cash.

Payments

Monitise and IBM expand mobile commerce alliance

21 July 2014  |  3985 views  |  1

Monitise and IBM have strengthened their alliance, working together to push mobile banking, payments and commerce technology to financial institutions around the world.

Payments

Romanian cybercrime network dismantled

18 July 2014  |  3947 views  |  0

European authorities say they have dismantled a Romanian-dominated cybercrime network that used a host of tactics to steal more than EUR2 million.

Retail banking

UK banks face competition probe

18 July 2014  |  2852 views  |  3

Britain's competition watchdog is preparing an in-depth investigation into the retail banking sector in a move which could eventually see the country's high street giants broken up.

Cards

Funding running dry for payments startups as new entrants struggle to gain ground

18 July 2014  |  6751 views  |  10

Venture capital interest in payment industry startups appears to be on the wane as investors wise up to the difficulties of achieving scale in a complex, competitive market.

Retail banking

Facebook tests 'buy' button; Twitter buys CardSpring

18 July 2014  |  4250 views  |  0

Facebook has begun testing a 'buy' button which lets users purchase products advertised on the social network. Meanwhile, Twitter is also stepping up its commerce game, acquiring payments outfit CardSpring.

Retail banking

BBVA startup contest attracts 850 projects

18 July 2014  |  4527 views  |  0

A startup competition organised by Spanish bank BBVA has attracted entrepreneurs from 56 countries, showcasing 850 technology projects.

Retail banking

Turkey's TEB rolls out NCR video teller tech

18 July 2014  |  2740 views  |  0

Turkish Economy Bank (TEB) has deployed NCR Interactive Teller video technology in the lobby of one of its Istanbul branches, enabling customers to talk to off-site employees.

Risk & regulation

NY regulator sets out BitLicense plans

17 July 2014  |  3090 views  |  0

New York state's financial services regulator has set out the details of its planned 'Bitlicense' framework for firms dealing with virtual currencies.

Wholesale banking

US Treasury calls on financial sector to step up cybersecurity planning

17 July 2014  |  2672 views  |  0

A top US Treasury official has called on the financial services sector to step up its efforts to protect consumer privacy and critical infrastructures from the threat of cyber attacks.

Retail banking

Bank of Queensland apes hipster coffee shop aesthetic for new look branch

17 July 2014  |  2643 views  |  0

Australia's Bank of Queensland has unveiled the first of a new generation of bank branches, ripping out the counter and staid furniture in favour of a funky new design aesthetic.

Payments

Snapchat files payments-related trademarks

17 July 2014  |  3234 views  |  0

Photo sharing app Snapchat could be preparing a move into the payments arena, two recently filed trademarks suggest.

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