TIM Group, the fintech outfit behind a software platform used by stock brokers to submit trade ideas to clients, has secured £2 million in strategic debt funding from Barclays.
Commuters using their contactless debit and credit cards to pay for fares on National Rail and the Transport for London network can now automatically donate up to ten pence to a charitable cause each time they tap in thanks to a new 'micro-donation' service launched by BarclayCard.
The International Swaps and Derivatives Association, Inc. (ISDA) today announced that 18 major global banks (G-18) have agreed to sign a new ISDA Resolution Stay Protocol, which has been developed in coordination with the Financial Stability Board to support cross-border resolution and reduce systemic risk.
After three months of intensive work, the 11 fintech startups on Barclays' accelerator programme this week pitched their efforts to the great and the good.
In a move billed as a "new evolution for wearable technology", Barclaycard and Southampton Football Club have signed an agreement to distribute the bank's bPay contactless bands to fans and expand the functionality beyond payments to incorporate stadium access.
Latest figures from Barclays show that the average customer visits a branch less than twice a month and uses the bank's mobile apps 26 times a month.
The Securities and Exchange Commission today charged Barclays Capital Inc. with failing to maintain an adequate internal compliance system to ensure the firm did not run afoul of any federal securities laws after its wealth management business in the U.S. acquired the advisory business of Lehman Brothers in September 2008.
Barclaycard is boosting its capabilities in the lucrative rewards market through the acquisition of payments and loyalty specialist The Logic Group. Financial terms have not been disclosed.
Barclays corporate customers will soon be able to log into their online accounts by scanning their fingers with biometric readers that use vein authentication technology from Hitachi.
Barclaycard and Orange are to kill off their Quick Tap contactless mobile payment service at the end of next month.
© Finextra Research 2014