30 March 2015

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Mariano Belinky joined Santander Innoventures from McKinsey & Co. where he spent six years advising global banks and asset managers on strategy. Now he runs the Spanish bank's $100 million venture fund to lead a financial services digital revolution.

More than 850 bankers and treasury professionals from across Europe are expected to descend on Amsterdam in May to hear senior executives from ING, ABN Amro, HSBC, RBS and Deutsche Bank speak at EBAday 2015, the continent's pre-eminent annual payments event.

Retail banking

UK online banking fraud losses soar 48%

27 March 2015  | 0 comments | 9 tweets | 11 linkedin

Online banking fraud jumped 48% to £60.4 million in 2014, according to figures put together by Financial Fraud Action UK (FFA UK), which blames the rise on malware and confidence tricksters.

Challenger banks will feature heavily in the upcoming Swift Business Forum in London. Craig Donaldson, CEO at Metro Bank UK, is joined by keynote speaker Sir David Clementi, ex-deputy governor of the Bank of England and chairman of Virgin Money.

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Mobile & online

US mobile banking on the rise - Fed study

27 March 2015  | 0 comments | 14 tweets | 14 linkedin

Nearly 40% of banked Americans that have mobile phones now use their handsets to access their accounts, according to research from the Federal Reserve Board.

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Retail banking

PayPal pays $7.7m in US sanctions case

26 March 2015  | 4 comments | 8 tweets | 9 linkedin

PayPal has agreed to pay $7.7 million to settle charges from the US Treasury that lax screening technology saw the firm violate multiple sanctions programmes.

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Global investment in fintech ventures tripled from $4.05 billion in 2013 to $12.2 billion in 2014, with Europe being the fastest growing region in the world, according to a new report by Accenture.

The UK government's midata initiative has launched, enabling Brits to download their current account transactional data and put it into online tools that will help them find the most suitable providers.

Some 57% of trading volume in European government bonds was executed electronically in 2014, up 14 percentage points since the onset of the global financial crisis according to a new report from Greenwich Associates.

Mobile & online

Barclays and PayPal join Government ID access scheme

26 March 2015  | 0 comments | 10 tweets | 11 linkedin

Barclays and PayPal are among a list of nine companies applying to act as identity providers for UK consumers accessing Government services online.

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