Innovation

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/Innovation

Funding Circle hires Barclays' Luke Jooste to lead move into property finance

Funding Circle, an online marketplace for business loans, has hired Barclays Business commercial director Luke Jooste to head up its move into the property finance arena.

/Innovation

UK's first online banking service Homelink hits 30

30 years after the launch of Homelink, the UK's first online banking system, software house Intelligent Environments is setting its sights on the future of digital financial services by developing a smartwatch app.

/Innovation

Coin bids to replace cards with a card

San Francisco-based start-up Coin is bidding to slim wallets with a new payment card-sized device which can store all the details of users' credit, debit, gift and membership cards within its memory and be used in their place.

/Innovation

Children in Need adds Pingit donation option

Brits can donate to the BBC Children in Need charity appeal this year via the Barclays Pingit mobile app.

/Innovation

New York state explores feasibility of 'BitLicenses' for virtual currency firms

The New York State Department of Financial Services (NYDFS) is exploring the feasibility of creating a new brand of money transmission license for virtual currencies, dubbed BitLicenses.

/Innovation

Nationwide boldly goes where JPMorgan failed to tread

The day after JPMorgan got a pasting on Twitter over it's ill-conceived Tweet chat with vice chairman Jimmy Lee, the CEO of the UK's Nationwide has entered the fray, live-tweeting the bank's half-year results and taking questions from journalists.

/Innovation

Banco Sabadell launches start-up programme

Spain's Banco Sabadell has launched a start-up programme, promising cash and support for 10 young, innovative digital and technology firms.

/Innovation

Russian commuters get squat and ride payment option

In a marketing gimmick ahead of the Winter Olympic Games in Sochi, commuters on Moscow's subway can now pay for their journeys using a new currency - squats.

/Innovation

Asian banks sign for OTI audio-jack plug-in for mobile NFC payments

Israeli vendor On Track Innovations (OTI) says a consortium of banks in Hong Kong, Taiwan and Macao has signed for its Wave device, which plugs into the audio-jacks of smartphones, enabling them to make NFC payments.

/Innovation

BBVA invites international developer entries for 'Big Data Challenge'

Spanish bank BBVA is releasing its raw transaction datasets to developers as part of an international competition to create new services, applications and insight into consumer demands.

/Innovation

New players to grab US banking market share as customers go digital

Up to a third of banks' market share in America could be up for grabs by 2020, with new digital-only players and retailer-run enterprises taking on the old guard, according to research from Accenture.

/Innovation

ItBit raises $3.25m to professionalise bitcoin trading

With $5.5 million in funding behind it and a technology platform from Nasdaq OMX, Singapore-based bitcoin exchange itBit has launched, promising to professionalise the virtual currency trading arena.

/Innovation

Finextra partners Level39/Innotribe for Future Money innovation conference

Finextra and Level39, in association with Innotribe, are to host a two-day conference exploring the new wave of innovation sweeping across the financial services sector.

/Innovation

US set to allow bitcoin campaign donations

Americans could soon be allowed to make political campaign contributions in bitcoins, the Federal Election Commission has hinted.

/Innovation

Barclays to open branches in Asda stores

Barclays is set to open branches within Asda stores, shutting down existing sites and shifting staff to the supermarket.

/Innovation

Paying with the bulls: Capital One simplifies m-banking log-in

Capital One claims that its new mobile banking app log-in process is so easy to use that you can do it while being chased by a herd of one-ton bulls.

/Innovation

Bitcoin wallet service Inputs.io cleaned out by hackers

Users of bitcoin Web wallet Inputs.io have been left out of pocket after its developer claimed to have been hacked by crooks who made off with more than 4100 BTC.

/Innovation

Fidor Bank expands into Russia

German digital bank Fidor is to expand into Russia through a joint venture with local venture fund Life.Sreda.

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Fintech for the underbanked attracts $5.2 billion investment spend in US

Investment activity in fintech companies for financially underserved consumers in the United States totaled more than $5.2 billion between July 2012 and June 2013, according to a report by the Center for Financial Services Innovation (CFSI) and Core Innovation Capital.

/Innovation

Fidelity launches 'Beat the Benchmark' investing game

US financial services giant Fidelity Investments has unveiled an online educational investing game called 'Beat the Benchmark'.