21 April 2014

Latest News

Retail banking

Walmart launches money transfer service

17 April 2014  |  3362 views  |  1

Walmart is taking on Western Union and MoneyGram through the launch of a low-fee store-to-store money transfer service.

Payments

Brits wary of crypto-currency; Nakomoto outed?; bitcoin goes to pot

17 April 2014  |  2371 views  |  0

Despite the hype, the vast majority of Brits have no interest in using bitcoin to shop online, with a lack of trust cited as the main barrier to uptake.

Retail banking

Qapital takes PFM to the next phase with proprietary account integration

17 April 2014  |  1878 views  |  0

Swedish financial management start-up Qapital is preparing to launch in the US with a service that enables users to track their spending, set savings goals, and transfer cash to a savings account held by an FDIC-insured banking partner.

Mobile & online

Chinese Web giant Baidu launches mobile wallet

17 April 2014  |  1925 views  |  0

Search engine provider Baidu has become the latest Chinese Web firm to move into the mobile money arena, launching a payments and wealth management wallet.

Cards

MasterCard to buy Oz loyalty specialist Pinpoint

17 April 2014  |  1896 views  |  0

MasterCard has struck a deal to buy PinPoint, a provider of loyalty and rewards service to banks and merchants in Asia Pacific. Financial terms were not disclosed.

Risk & regulation

Sifma calls for US market move to T+2

17 April 2014  |  1922 views  |  0

Sifma is calling for the US capital markets industry to move to a T+2 settlement lifecylce, as other markets worldwide bid to bridge the gap between trade execution and delivery of financial contracts.

Payments

Pay-by-sleeve: Heritage Bank unveils contactless payments suit

17 April 2014  |  5153 views  |  0

Forget watches and glasses, Aussie bank Heritage thinks it has found the cutting edge of wearable tech - a suit that lets customers make contactless payments through the flick of a sleeve.

Payments

Hardware vendor LaCie warns of card data breach

16 April 2014  |  2038 views  |  0

French computer hardware firm LaCie is warning customers who have used its Web site over the last year that hackers may have stolen their card data.

Retail banking

Nationwide rolls out in-branch video links for mortgage advice

16 April 2014  |  1996 views  |  0

British building society Nationwide has introduced in-branch video links that let customers talk to off-site mortgage consultants.

Retail banking

ANZ chief Smith puts social media at the heart of the bank's future strategy

16 April 2014  |  4582 views  |  0

ANZ chief executive Mike Smith has committed to making social media engagement and digital services a "key business priority" for the Australian bank over the next three years.

Mobile & online

Researchers crack Galaxy S5 fingerprint reader and access PayPal app

16 April 2014  |  3074 views  |  0

Security researchers from SR Labs have cracked the Samsung Galaxy S5's fingerprint reader, gaining access to the handset and using it to make PayPal transactions.

Wholesale banking

Twitter acquires social media sentiment tracker Gnip

16 April 2014  |  1679 views  |  1

Twitter has acquired Gnip a provider of aggregated social media content which is used by hedge funds, banks and signal providers to assess market sentiment and conduct analytics.

Security

SEC to conduct market-wide cyber-security checks

16 April 2014  |  2094 views  |  0

The Securities and Exchange Commission is to conduct checks on more than 50 registered broker-dealers and investment advisors to assess their ability to counteract cyber-security threats.

Trade execution

MEPs vote to curb high-frequency trading

16 April 2014  |  1910 views  |  0

Members of the European Parliament have voted through new rules designed to clamp down on high-frequency trading 'Flash Boys'.

Wholesale banking

Citi launches block pricing tool on Bloomberg app portal

15 April 2014  |  1769 views  |  0

Citi has become the first broker to use the Bloomberg App Portal to deploy an application to clients around the world.

Retail banking

TransferWise sends up banks in video prank

15 April 2014  |  2265 views  |  1

How would you react if a bar treated your beer like a bank treats your money? That was the question asked by currency exchange start-up TransferWise in a hidden camera stunt filmed at a London hostelry.

Payments

Mt. Gox CEO unwilling to travel to US to answer bankruptcy case questions

15 April 2014  |  1575 views  |  1

Mt. Gox CEO Mark Karpeles is refusing to travel to America this week to answer questions about the Tokyo-based bitcoin exchange's US bankruptcy case.

Retail banking

CommBank services hit by network-wide outage

15 April 2014  |  2480 views  |  1

An IT glitch at Commonwealth Bank of Australia has left customers unable to use online and mobile banking, ATMs and point-of-sale terminals for several hours.

Retail banking

Digital challenger Atom Bank hires chief innovation officer

15 April 2014  |  3743 views  |  0

Atom Bank, the UK-based digital financial services start-up, has hired a chief innovation officer and a deputy director from the North East Local Enterprise Partnership.

Trade execution

CME Group sued over HFT sneak peek claims

14 April 2014  |  2068 views  |  1

CME Group is being sued by three users, accused of selling sneak peeks at order information to high-frequency traders.

Wholesale banking

Sifma calls for US rulemakers to step up deployment of Legal Entity Identifiers

14 April 2014  |  2404 views  |  0

US securities trade body Sifma has called for broader uptake of Legal Entity Identifiers by the country's regulators, amid fears that the US is being left behind as other nations push ahead with mandatory implementation of the uniform trade reporting standard.

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