27 March 2015

Latest News

Start ups

Swift London Business Forum to continue discussions on FinTech innovation

3 hours ago  |  1590 views  |  1 comments | 1 linkedin

Challenger banks will feature heavily in the upcoming Swift Business Forum in London. Craig Donaldson, CEO at Metro Bank UK, is joined by keynote speaker Sir David Clementi, ex-deputy governor of the Bank of England and chairman of Virgin Money.

Mobile & online

Future Money Focus: Mariano Belinky, Santander Innoventures

13 hours ago  |  2016 views  |  0 comments | 4 tweets | 10 linkedin

Mariano Belinky joined Santander Innoventures from McKinsey & Co. where he spent six years advising global banks and asset managers on strategy. Now he runs the Spanish bank's $100 million venture fund to lead a financial services digital revolution.

Mobile & online

US mobile banking on the rise - Fed study

13 hours ago  |  1748 views  |  0 comments | 4 tweets | 8 linkedin

Nearly 40% of banked Americans that have mobile phones now use their handsets to access their accounts, according to research from the Federal Reserve Board.

Risk & regulation

PayPal pays $7.7m in US sanctions case

23 hours ago  |  2204 views  |  4 comments | 6 tweets | 7 linkedin

PayPal has agreed to pay $7.7 million to settle charges from the US Treasury that lax screening technology saw the firm violate multiple sanctions programmes.

Retail banking

Europe sets the pace as fintech investment triples in 2014

26 March 2015  |  3691 views  |  0 comments | 22 tweets | 19 linkedin

Global investment in fintech ventures tripled from $4.05 billion in 2013 to $12.2 billion in 2014, with Europe being the fastest growing region in the world, according to a new report by Accenture.

Retail banking

Midata initiative launches to help Brits pick best bank account providers

26 March 2015  |  1882 views  |  0 comments | 8 tweets | 7 linkedin

The UK government's midata initiative has launched, enabling Brits to download their current account transactional data and put it into online tools that will help them find the most suitable providers.

Wholesale banking

European government bond trading goes electronic

26 March 2015  |  1640 views  |  0 comments | 3 tweets | 5 linkedin

Some 57% of trading volume in European government bonds was executed electronically in 2014, up 14 percentage points since the onset of the global financial crisis according to a new report from Greenwich Associates.

Retail banking

Barclays and PayPal join Government ID access scheme

26 March 2015  |  3879 views  |  0 comments | 10 tweets | 10 linkedin

Barclays and PayPal are among a list of nine companies applying to act as identity providers for UK consumers accessing Government services online.

Mobile & online

UK banks agree protocol on branch closures

25 March 2015  |  2203 views  |  0 comments | 4 tweets | 9 linkedin

British banks will have to provide 12 weeks' notice of branch closures and publish assessments of the impact on customers, under a new protocol to be published this week. However, the agreement is unlikely to slow the rush to cut expensive branch networks, stressing that closures are ultimately commercial decisions.

Payments

BofE rapped over crisis management failings in RTGS breakdown

25 March 2015  |  2319 views  |  0 comments | 4 tweets | 2 linkedin

The Bank of England has been told it needs to improve contingency arrangements and strengthen its crisis management framework following an independent review of the ten-hour breakdown in the operation of the UK's high value payments system, Chaps, last year.

Retail banking

Google preps Gmail bill payment feature

25 March 2015  |  4188 views  |  1 comments | 12 tweets | 12 linkedin

Google is plotting a service that enables people to receive and pay their bills through Gmail, according to an internal document seen by Re/code.

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