Innovation

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/Innovation

BMO closes the door on bitcoin businesses

Bank of Monetral is closing all bitcoin-related business accounts across Canada in the wake of hostile comments from government ministers on the threats posed by emerging crypto-currencies.

/Innovation

Barclays takes fintech accelerator to New York

Barclays Bank has headed to New York in search of innovative fintech start-ups to join its three-month accelerator programme in London.

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Weve taps Proxama for mobile loyalty service

Telco-owned UK mobile commerce joint venture Weve has selected Proxama technology as the basis for its 'Pouch' loyalty service.

/Innovation

Banco Sabadell picks tech startup programme winners

Mobile point-of-sale outfit SetPay is one of five firms to win a spot in Banco Sabadell's startup programme for technology companies.

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Cybercrime forums shun bitcoin for own currencies - RSA

Cybercrooks unhappy with the level of anonymity offered by bitcoin are developing their own private currencies for use within online forums, say researchers at RSA.

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Google buys sound-based online authentication startup SlickLogin

Google has acquired SlickLogin, an Israeli startup which is bidding to replace passwords with sounds. Financial terms have not been disclosed.

/Innovation

Nous trading game app lets users bet on bitcoin price

Startup trading app outfit Nous has added bitcoin to the list of currencies players can bet on through its FX-forecasting game, Spark Profit.

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Bitcoin plunges again after dark market Web hack

The price of bitcoin plunged again overnight after the operator of dark market Web site Silk Road 2 claimed to have lost $2.7 million in a scam exploiting a known vulnerability in he crypto-currency.

/Innovation

US Bank trials voice biometric access to mobile app

US Bank is piloting voice biometrics technology which allows customers to access their accounts by speaking into their mobile phones.

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MasterCard and Silicon Valley Bank launch incubator programme for commerce startups

MasterCard and Silicon Valley Bank have joined forces to launch an incubator programme designed to help early-stage commerce firms navigate their way to series a funding.

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Standard Bank tests current account-linked bitcoin wallet

Standard Bank has begun piloting a current-account linked bitcoin wallet developed by South African outfit Switchless.

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P2P FX platform Kantox raises EUR6.5m

Kantox, a London-based peer-to-peer foreign exchange trading platform for SMEs and mid-caps, has raised EUR6.5 million in a series a funding round.

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Triple whammy hits bitcoin price

Bitcoin's price has plummeted by around 20% after exchange MT Gox temporarily suspended withdrawals, Apple kicked a popular wallet off of its App Store and Russia outlawed the crypto-currency.

/Innovation

UK mobile operators partner MasterCard for NFC m-payments drive

UK telco joint venture Weve has teamed up with MasterCard, promising to clean up the "mess" of mobile commerce and bring NFC-based m-payments to the masses.

/Innovation

Startupbootcamp launches fintech accelerator programme

Europe's Startupbootcamp has opened a three-month fintech accelerator programme with support from multiple corporations, including Lloyds, Rabobank and MasterCard.

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Birdback card-linked-offers platform scores £2.4 million funding round

Passion Capital has led a £2.4 million investment round in Birdback, a UK-based start-up that ties retailer loyalty programmes and discounted offers to consumer payment cards.

/Innovation

Iosco weighs in on crowdfunding oversight

As crowdfunding emerges as a serious alternative financing tool, a new Iosco report warns that regulatory regimes around the world will have to harmonise their approaches to an increasingly global industry.

/Innovation

Sci-Fi Coins Exchange boldly goes where no currency has gone before

Geeks tired of earth-bound crypto-currencies can now trade in their bitcion for Klingon Empire Darsek at a new science fiction focussed exchange.

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Westpac trials Google Glass app and Apple iBeacon

Westpac has begun trialling a Google Glass app which lets users keep an eye on their balance and outlined plans to install Apple's iBeacon technology in branches.

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P2P lending shows big upswing in 2013

Figures released by the UK Peer to Peer Finance Association shows the industry in buoyant mood ahead of the introduction of new regulations in April, with P2P lending increasing by 121% during 2013.