27 April 2015

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Digital-only bank startups in the UK could be on a hiding to nothing, as almost half of consumers rate in-person service at a bank branch as an important factor in meeting their financial needs.

Nordea has hired Michal Panowicz from Polish direct bank mBank, as deputy head of digital banking.

Innotribe, the innovation arm of financial messaging network Swift, has selected five European startups who will compete for a $50,000 grand prize at Sibos Singapore in Ocober.

Nasdaq has agreed to pay $26.5 million to settle a class action lawsuit over the technical glitches that marred the IPO of Facebook in 2012.

Europe's premier payments conference, EBAday, is taking on an increasingly global flavour as the quest for instant funds transfers brings representatives from the Federal Reserve, The Clearing House and Ripple to the podium.

The twelth annual World Retail Banking Report from Capgemini and Efma makes depressing reading for established banks as it charts an industry struggling to engage with customers and increasingly challenged by a raft of new competitors.

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Wincor Nixdorf is to slash twelve percent of its workforce and spin-off its cashless payments business as the company tackles deteriorating business conditions in key emerging markets such as Russia and China and a sluggish recovery in investment spending throughout Europe.

Wholesale banking

Swift Business Forum London - Live blog

23 April 2015  | 0 comments | 3 tweets | 2 linkedin

Returning for its fifth year, the SWIFT Business Forum London will bring together 800 plus financial services professionals to explore the theme of harnessing change in financial services.

Retail banking

Funding Circle raises $150m

23 April 2015  | 0 comments | 6 tweets | 4 linkedin

Funding Circle, an online marketplace for business loans, has raised $150 million in a financing round led by DST Capital.

Start ups

Future Money roundup: Big banks have their day in the sun

22 April 2015  | 2 comments | 17 tweets | 9 linkedin

Some of the world's biggest banks took to the stage at the second annual Finextra Future Money conference to show their innovation chops and dispel the notion that the industry is reaching a point of peak disruption.

Latest company announcements

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