Innovation

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China bans banks from bitcoin transactions as Wall Street wades in

/Innovation

China bans banks from bitcoin transactions as Wall Street wades in

China's central bank has finally had its say on bitcoin, ruling that it is not a proper currency and banning financial institutions from handling it.

Seedrs extends crowdfunded investment round; raises more than £2m from its own platform

/Innovation

Seedrs extends crowdfunded investment round; raises more than £2m from its own platform

Seedrs has secured more than £2m of investment via its own platform, setting a new world record for the most equity raised via a crowdfunding site.

Apple buys social media sentiment firm Topsy Labs

/Innovation

Apple buys social media sentiment firm Topsy Labs

Apple has bought social media analytics firm Topsy Labs for a reputed $200 milliom.

ING Direct joins Canadian federated ID exchange network

/Innovation

ING Direct joins Canadian federated ID exchange network

ING Direct has become the latest Canadian bank to join the SecureKey Consierge service, which enables consumers to log-in to Government Web sites with their online banking credentials.

UK govt to allow P2P returns within Isas - Telegraph

/Innovation

UK govt to allow P2P returns within Isas - Telegraph

The UK government is preparing to allow the inclusion of peer-to-peer lending within Isas, giving investors a tax-free return on their investments, according to the Telegraph.

Alibaba opens cloud computing platform for Chinese banks

/Innovation

Alibaba opens cloud computing platform for Chinese banks

Chinese e-commerce company Alibaba has set up a cloud computing service for the country's banks and securities firms.

Westpac launches app development challenge for Brits

/Innovation

Westpac launches app development challenge for Brits

Westpac's New Zealand arm has sent out an SOS to the UK's geeks, launching a mobile and Web banking app design competition, which will see the winning developer score a trip down under.

Mt. Gox boosts security with one-time password card

/Innovation

Mt. Gox boosts security with one-time password card

Bitcoin exchange Mt. Gox has moved to address security concerns by introducing a physical one-time password (OTP) generating card for users.

Mashreq packs branches with interactive experience tech

/Innovation

Mashreq packs branches with interactive experience tech

United Arab Emirate-based bank Mashreq is filling a series of new 'E-Cube' branches with Microsoft 'interactive experience technologies'.

Bitcoin hits $1000 mark

/Innovation

Bitcoin hits $1000 mark

Bitcoin has smashed through the $1000 mark on Mt. Gox, with the virtual currency's price continuing to respond to encouraging noises from Washington lawmakers and growing popularity in China.

SimplyTapp closes funding round to push HCE-based NFC payments

/Innovation

SimplyTapp closes funding round to push HCE-based NFC payments

SimplyTapp, the US start-up which says it created the 'Host Card Emulation' (HCE) approach to mobile NFC payments recently embraced by Google, has raised its series a funding round.

Turkey's TEB builds Google Glass app

/Innovation

Turkey's TEB builds Google Glass app

Turkish bank TEB has developed a Google Glass app, enabling wearers to find ATMs and branches and track credit card campaigns.

AIB embraces start-up culture for app development

/Innovation

AIB embraces start-up culture for app development

Allied Irish Bank (AIB) has radically overhauled its approach to technological innovation, adopting a start-up culture in a bid to get new services to market in weeks rather than years.

'Punch bag' RBS fights back with proactive approach to social media

/Innovation

'Punch bag' RBS fights back with proactive approach to social media

Its reputation in the gutter, the Royal Bank of Scotland has embarked on an aggressive, proactive social media programme designed to help win over disgruntled customers.

Mobey Forum calls for banks to gen up as mPOS market grows

/Innovation

Mobey Forum calls for banks to gen up as mPOS market grows

Banks and financial institutions globally need to develop mobile point of sale (mPOS) strategies now, as the technology evolves beyond its sole trader roots to major high street retailers, says the bank-backed Mobey Forum.

Seedrs raises £750,00 from 'meta-listing' on its own platform

/Innovation

Seedrs raises £750,00 from 'meta-listing' on its own platform

Crowdfunding start-up Seedrs has raised £750,000 in a single morning as it listed its own business as an investment opportunity on its Website.

ASB CEO warns on the competitive threat from Google, Amazon, and Apple

/Innovation

ASB CEO warns on the competitive threat from Google, Amazon, and Apple

The competitive threat posed by companies like Apple, Google and Amazon is potentially as great as that of the traditional players in the banking market, says ASB CEO Barbara Chapman, as banks face the same disruptive forces that have already radically altered traditional business models in industries like media, publishing and retail.

Live Blog: Swift Nordics Regional Conference 2013

/Innovation

Live Blog: Swift Nordics Regional Conference 2013

Compliance and beyond: navigating challenges and exploring opportunities in the Nordic financial landscape

Former Google Wallet execs raise $7 million funding for retail analytics endeavor

/Innovation

Former Google Wallet execs raise $7 million funding for retail analytics endeavor

Index, a retail software company set up by former Google Wallet executives, has secured $7 million in a Series A round led by Innovation Endeavors, Khosla Ventures, AIMCo and 819 Capital.

Uber hails PayPal for in-app taxi payments

/Innovation

Uber hails PayPal for in-app taxi payments

Uber, the US start-up behind an app that connects passengers with drivers of vehicles for hire, has added PayPal as a payment option.

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