Social media

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MicroVentures launches venture capital-themed Facebook game

Crowdfunding platform MicroVentures has launched a Facebook game in which real startups compete for players' virtual investments.

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Bank staff numbers to plummet as tech takes over - NAB executive

The number of people employed by banks will tumble over the next two decades as technological advancements such as mobile services make large parts of workforces redundant, according to a senior executive at Australian giant NAB.

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FNB launches banking via Facebook

First National Bank of South Africa has tied its mobile banking application to Facebook, enabling users to run the application from within the social media site.

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Casino flashmobs and ad spoofs: Barclays proves rich pickings for satirists

Real-world and online wags have been making the most of the Barclays Libor scandal and Bob Diamond's subsequent resignation this week, with a raft of satirical swipes at the disgraced bank doing the rounds.

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CBA brings Kaching social payments to Android; Facebook next

Commonwealth Bank of Australia (CBA) has launched an Android version of its Kaching social payments app and revealed that a Facebook option is in the pipeline.

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EU-backed group releases social media sentiment surveillance prototype

Project First, the European Union-backed research effort to find a way of extracting and analysing financial services-related sentiment from social media networks, has launched its first running prototype.

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#ByeBarclays flashmob descends on bank

As disgraced former Barclays chief Bob Diamond prepares to face a grilling from MPs over the Libor scandal, a flashmob has descended on one of the bank's London branches, with members withdrawing their money en masse.

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I'm a person, not a bank: tweeters mistakenly bombard @natwest

Among the many victims of RBS's systems meltdown over the last few days, the most unusual may be Natalie Westerman, a 22 year old woman who happens to go by the name @natwest on Twitter.

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I Robot: Thomson Reuters adds psych analysis to machine-readable news

Thomson Reuters is adding "psychological analysis" to its machine-readable news service, interpreting the emotion and sentiment of stories and social media posts to help investors develop trading strategies.

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Branch still best for personal attention and expertise - Cisco survey

Customers may be happy to carry out simple banking tasks online and through their mobile phones but when they need personal attention and expertise the old fashioned branch still wins out, according to a survey from Cisco.

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Facebook performs virtual currency about-turn; abandons Credits

Facebook is to abandon its Credits virtual currency platform in favour of a system which allows developers to be paid in a local currency of their choosing.

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StreamBase partners Gnip to integrate social data in CEP platform

StreamBase Systems has integrated its complex event processing (CEP) platform with Gnip, a provider of data from social media sites such as Twitter and Tumblr.

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Virtual branches and Facebook payments: Poland gets new digital bank

Poland's first digital bank has launched, complete with virtual branch, mobile, app, Facebook payments, personal finance management tools and an "entertainment area".

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UBS ponders Nasdaq OMX legal action over $350m Facebook IPO disaster - CNBC

Swiss bank UBS is weighing legal action against Nasdaq OMX after losing up to $350 million during the botched Facebook IPO, according to CNBC.

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Facebook rolls out mobile billing system

Facebook has moved to simplify the way developers charge for their mobile Web apps with the launch of a direct-to-carrier billing system.

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After closing Twitter-based fund, Derwent offers sentiment software to day traders

Having shuttered its Twitter sentiment-based hedge fund after just one month, Derwent Capital Markets is changing tack and opening up its technology to day traders through a Web site and mobile app.

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Facebook IPO fallout continues as investor sues Nasdaq OMX

Nasdaq OMX is being sued by an investor over its botched handling of the Facebook IPO, which saw trading delayed and failed order cancellations.

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AmEx and Zynga team on pre-paid card with Farmville rewards

American Express has partnered with social gaming giant Zynga to launch a co-branded pre-paid card linked to its Serve digital wallet.

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HSBC IT failure hits ATMs and card payments, tests social media strategy

Some UK HSBC customers were left unable to make card payments or withdraw cash from ATMs yesterday thanks to an IT hardware failure.

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Wells Fargo launches college planning community site

US bank Wells Fargo has opened an online community where students and parents planning for college can get money tips.