14 February 2016

All retail banking news

Visa reveals major Square stake

Visa reveals major Square stake

12 February 2016  | 0 comments | 3 tweets | 5 linkedin

Shares in Jack Dorsey's Square received a much needed boost on Friday on news that Visa has a 9.99% stake of Class A shares in the payments firm.

The Financial Solutions Lab (FinLab), an innovation programme created by the Center for Financial Services Innovation (CFSI) and founding partner JPMorgan Chase, has opened applications for a £3 million, two-year challenge to address financial shocks.

A strong line-up of challenger banks, established banks and government and regulatory officials will take to the podium at Finextra's forthcoming NextGen banking event at London’s Level39 in Canary Wharf to debate the disruptive forces reshaping the banking sector.

BMO prepares for NBA All Stars with 10ft tall ATM

BMO prepares for NBA All Stars with 10ft tall ATM

12 February 2016  | 0 comments | 3 tweets | 5 linkedin

The hordes of very tall men descending on Toronto this weekend for the NBA All Star game won't need to crouch down to access their equally large bank accounts thanks to a newly installed 10 foot tall Bank of Montreal ATM.

BBVA increases newly independent fintech venture fund to $250m

BBVA increases newly independent fintech venture fund to $250m

11 February 2016  | 1 comments | 15 tweets | 11 linkedin

BBVA is shaking up the way it invests in fintech startups, closing its $100 million in-house fund and pumping $250 million into a new independently managed outfit called Propel Venture Partners.

Is Paym a failure?

Is Paym a failure?

11 February 2016  | 16 comments | 23 tweets | 16 linkedin

This week UK mobile P2P payment platform Paym published its latest figures on user uptake and transaction volumes. Hakim Mendjeli, former head of mobile product and strategy at Lloyds Banking Group, sifts through the data.

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