30 August 2014

Latest News

Retail banking

Amazon hires Visa's Talwar to lead lending business

29 August 2014  |  1804 views  |  0

Amazon has hired Visa's North America credit card head Nick Talwar to run its business providing capital to sellers on its marketplace.

Retail banking

Sberbank throws in free cat with every mortgage

29 August 2014  |  2300 views  |  0

Russia's Sberbank has come up with the purrfect gimmick to entice customers - the loan of a free cat with every mortgage.

Retail banking

Citi boss Corbat meets Ice Bucket Challenge but Icahn ducks out

29 August 2014  |  2024 views  |  0

Citi CEO Mike Corbat has become the latest Wall Street heavyweight to prove that bankers do have hearts, and marketing savvy, by taking the ALS Ice Bucket Challenge.

Retail banking

Digital payments crucial to economic growth - World Bank report

28 August 2014  |  5785 views  |  0

Governments should step up efforts to boost the use of digital payments in developing countries to increase financial inclusion, empower women and spur economic growth, according to a World Bank report.

Trade execution

Ex-Deutsche Bank exec launches trading game app

28 August 2014  |  3136 views  |  1

A social network app for finance that uses gamification to crowdsource market sentiment data has been launched by former Deutsche Bank executive Kerim Derhalli.

Retail banking

Lending Club preps $500m IPO

28 August 2014  |  1533 views  |  0

Peer-to-peer loan specialist Lending Club has filed with US regulators for an initial public offering in which it hopes to raise $500 million.

Wholesale banking

FBI probes Russian link to cyber-attacks on US banks

28 August 2014  |  2672 views  |  0

The FBI is investigating cyber-attacks on US banks, including JP Morgan Chase, by Russian hackers, according to press reports.

Payments

Monitise transfers hundreds of UK employees to IBM

27 August 2014  |  4552 views  |  2

Mobile money firm Monitise is transferring its UK professional services staff to IBM as the two firms ramp up their alliance.

Cards

CaixaBank invests EUR500m in contactless ATMs

27 August 2014  |  5745 views  |  0

Spain's CaixaBank has struck a EUR500 million deal with Fujitsu to build 8500 cash machines fitted with contactless readers.

Payments

Square upgrades Cash app for text-based P2P payments; reportedly in talks to raise $200m

27 August 2014  |  2854 views  |  0

Square has revamped its Cash P2P payments app, enabling users to send and receive money via text. Meanwhile, reports suggest that Jack Dorsey's firm is in the process of raising some cash itself, talking to potential investors about a $200 million funding round.

Retail banking

China's ICBC chooses IBM for disaster recovery

27 August 2014  |  2955 views  |  1

Industrial and Commercial Bank of China (ICBC) has rolled out IBM's Active-Active mainframe technology to provide business continuity and disaster recovery for its global branches.

Mobile & online

Westpac NZ licenses Moven money management tech

26 August 2014  |  3745 views  |  3

Westpac New Zealand is integrating money management technology from New York-based Moven into its new digital banking platform.

Retail banking

Santander commissions study on bitcoin's impact on banks

26 August 2014  |  5285 views  |  1

The bitcoin-curious - both enthusiasts and sceptics - are being invited to help put together a report for Santander on the impact that cryptocurrencies will have on banks.

Retail banking

Banks and retailers sign on for new Australian Payments Council

26 August 2014  |  4647 views  |  0

Australian banks, retailers and payments specialists have signed on to a new co-ordination body that aims to step up the pace of innovation in the country's payments industry.

Mobile & online

Americans embrace mobile banking but the branch makes comeback

26 August 2014  |  4869 views  |  8

The Internet continues to be America's most popular banking channel but is losing ground to mobile, ATMs and even branches, according to an ABA survey.

Retail banking

EBay ponders PayPal spin-off - report

22 August 2014  |  6367 views  |  0

Shares in eBay rose nearly five per cent yesterday afternoon off the back of a media report that the online auction house could spin off its PayPal unit as early as next year.

Mobile & online

St George preps fingerprint login for iPhone app

22 August 2014  |  5072 views  |  1

Australia's St George Bank will soon let iPhone-owning mobile customers log into their accounts with only a fingerprint.

Cards

ATM spy camera fraudsters jailed

22 August 2014  |  3926 views  |  1

Members of a gang which used ATM spy cameras and skimmers to steal the card details of 36,000 people across the UK have been jailed.

Cards

Cash is a pain in the ass: Blackpool donkey goes contactless

22 August 2014  |  6846 views  |  0

Blackpool's famous donkeys have made London's tube network look like an ass by beating it to the contactless payments punch.

Wholesale banking

ECB fingers systemically important payment systems for oversight

21 August 2014  |  6615 views  |  0

The European Central Bank has named four key payment systems - Target2, Euro1, Step2-T and Core(Fr) - as "systemically important", and so subject to new regulations.

Payments

Google's Aussie chief rejects Wallet for 'more exciting' things

21 August 2014  |  5309 views  |  4

Google Wallet is not coming to Australia anytime soon, with the company's boss in the country declaring she has "more exciting" things to concentrate on.

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