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News/Innovation
In our continuing series, in association with the Breaking Banks radio show, looking at accomplished and interesting women working and changing the FinTech sector, Liz Lumley sits down with Deanna Oppenheimer – Founder of CameoWorks and former head of Barclays Retail and Business Banking.
29 May 2015
Fintech may be all the rage, but it is in the mobile arena where the biggest bets are being placed, with over $1.1 billion raised globally across 58 financings in Q1 alone, according to data from CB Insights.
Spain's BBVA has introduced a 'remote control' Wallet app that enables users to activate and disable a host of card functions, from setting up transaction limits to blocking the use of the card for certain activities.
27 May 2015
A Canadian university is installing bitcoin ATMs across campus, and will accept the digital currency for the purchase of text books, in an effort to stimulate discussion about the future of money and innovation in financial services.
London-based business-to-business currency exchange Kantox has raised $11 million in Series B funding.
Commonwealth Bank of Australia is to begin testing technology from Ripple Labs to transfer funds between its subsidiaries.
Australia's H2 Ventures, a newly-established fintech-focused digital design and investment firm, plans to raise a A$10 million war chest to fund the launch of 100 early-stage fintech startups over the next three years.
26 May 2015
The eBay Foundation and Village Capital are running a three-month fintech accelerator for startups developing alternative technologies for serving low-income households and individuals.
Fresh from the launch of Visa Europe Collab in London earlier this month, the card scheme has exported the idea to Israel with the opening of an innovation hub in Tel Aviv.
Bruce Oreck, the US Ambassador to Finland, is to be the keynote speaker at Finextra's up-and-coming Future Money Nordics event in Helsinki.
22 May 2015
Online retailer Overstock has stepped up its plans to issue "digital securities" through the acquisition of a 25% stake in alternative trading system (ATS) PRO Securities, according to Wired.
20 May 2015
Swedish digital currency marketplace Cryex has selected Cinnober to supply a hosted version of its trading, clearing and surveillance platform, in a further sign of the collision between virtual currencies and traditional exchange dealing technology.
19 May 2015
Digital currency outfit Ripple Labs has closed a $28 million Series A funding round that includes IDG Capital Partners and the venture arms of CME Group and global data storage company Seagate Technology.
UK challenger bank Metro Bank is to lend funds to consumers via the online marketplace operated by P2P pioneer Zopa.
Vouch, a US-based startup that advances credit to customers on the basis of their social connections, has raised $6 million in Series A funding.
15 May 2015
Retail banks could be on the brink of extinction, claims a new report from Oracle which says that three quarters lack suitable technology to complete the path to a digital world, leaving them vulnerable to new fintech competitors.
14 May 2015
Japanese telco NTT DoCoMo and handset maker Fujitsu have unveiled a smartphone that authenticates users for mobile payments by scanning their irises.
13 May 2015
Tech giant Accenture has formed an alliance with neo-bank Moven to develop and sell digital tools to financial services firms around the world.
Gartner’s 2015 Hadoop adoption study has found that only 18% of respondents plan to invest in the big data boosting technology over the next two years. Merv Adrian, research vice president at Gartner, called the figures “anaemic”.
Payments professionals from across Europe are gathering in Amsterdam this week for EBAday 2015, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.
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