30 May 2015

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Mobile & online

Mobile fintech investment soaring

19 hours ago  | 0 comments | 16 tweets | 14 linkedin

Fintech may be all the rage, but it is in the mobile arena where the biggest bets are being placed, with over $1.1 billion raised globally across 58 financings in Q1 alone, according to data from CB Insights.

Payments

Silk Road's Ulbricht sentenced to life in prison

8 hours ago  | 0 comments | 4 tweets | 2 linkedin

Ross Ulbricht, the founder of the Silk Road, a dark web bazaar where shoppers bought and sold illegal goods with bitcoin, has been sentenced to life in prison.

In our continuing series, in association with the Breaking Banks radio show, looking at accomplished and interesting women working and changing the FinTech sector, Liz Lumley sits down with Deanna Oppenheimer – Founder of CameoWorks and former head of Barclays Retail and Business Banking.

Eris Industries, a firm that uses blockchain technology to help clients build their own data infrastructure, is leaving the UK in protest over government plans to introduce a communications data bill dubbed the "snooper's charter".

Accelerating growth in mobile remote cheque deposits is set to have a profound effect on the branch channel, according to research from Celent.

Payments

Google unveils Android Pay

28 May 2015  | 7 comments | 23 tweets | 27 linkedin

Having seen its Wallet service fail to take off, Google is aiming another shot at the fast-growing mobile payments market with the launch of Android Pay.

Features and analysis

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Payments

Swift extends KYC Registry to funds and custody

28 May 2015  | 0 comments | 8 tweets | 8 linkedin

Banking co-operative Swift is is extending the reach of its KYC Registry utility beyond correspondent banking to support Know Your Customer compliance requirements for funds distribution and custody services.

Monese, a London-based digital banking service targeting immigrants that have trouble opening accounts with traditional high street players, has raised $1.8 million from Seedcamp, early Spotify investor Shakil Khan and a group of angel investors.

Retail banking

Facebook Messenger payments service arrives in NYC

28 May 2015  | 0 comments | 27 tweets | 19 linkedin

As it arrives in New York City, Facebook Messenger's payments service has been tweaked to make it easier for friends to send money within conversations.

A US-based charity is suing Commonwealth Bank of Australia seeking the return of $2.5 million that Oz cops say was used to bribe two former CBA IT executives.

Latest company announcements

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