05 March 2015

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Swift Nordics Conference - Live Blog Day 1

21 hours ago  | 0 comments | 3 tweets | 1 linkedin

The main theme for the Swift Regional Conference in Copenhagen this year is disruption. The programme will explore the different challenges arising from newcomers, technology and regulation. It will look at how the financial industry can cope and turn these challenges into opportunities.

Identity fraudsters stole $16 billion from 12.7 million Americans last year, with a new victim every two seconds, according to Javelin Strategy & Research.

The craze for defacing Canadian $5 bills to make former prime minister Wilfrid Laurier look like Star Treck's Spock is not illegal but is "inappropriate," says the country's central bank.

Start ups

Lloyds and AmEx back fintech startup competition

8 hours ago  | 0 comments | 5 tweets | 2 linkedin

Some of the biggest names in financial services are throwing their weight behind a UK competition giving fintech startups the chance to win a share of a £175,000 cash prize pot.

A Washington hospital has filed a lawsuit against Bank of America to recover some of its losses from a $1 million cyber-breach in 2013.

Government-owned lender RBS has found a novel use for its former 'executive wing' at its Scottish HQ, transforming the space into a startup accelerator for entrepreneurs and innovation.

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Core banking vendor Temenos is to move into the fast-growing funds admin business with a EUR235 million acquisition of Luxembourg-based Multifonds

Madrid's public transport system operator is working with Telefonica, Samsung and Gemalto to pilot mobile NFC ticketing.

Organised criminals are turning to social media to recruit members of the public to act as unsuspecting money mules for laundering dirty cash.


Oz telco Optus preps smartwatch payments

03 March 2015  | 0 comments | 5 tweets | 2 linkedin

Australian telco Optus is planning to launch smartwatches and wristbands that let customers make contactless payments with the flick of a wrist.

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