29 January 2015
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Retail banking

North American bank IT spending to reach $62.2 billion in 2015 - Celent

3 hours ago  |  1183 views  |  0 comments | 5 tweets | 3 linkedin

North American bank IT spending is set to grow from $59.5 billion in 2014 to $62.2 billion in 2015, as the region's banks continue to right-size their branch networks and overhaul their online and mobile channels.

Cards

MasterCard kicks off global hackathon challenge in Sydney

3 hours ago  |  1047 views  |  0 comments

MasterCard has kicked off the first in a series of ten global hackathons in Sydney, where developers will compete for a place in the final and the chance to win a $100,000 grand prize

Retail banking

Google brings e-mail money transfer system to Europe

4 hours ago  |  2350 views  |  0 comments | 19 tweets | 5 linkedin

Google is rolling out its e-mail-based money transfer system in the UK, almost two years after the feature was first released in the US.

Cards

Visa Europe to spend EUR200 million on digital payment technologies

5 hours ago  |  2726 views  |  0 comments | 13 tweets | 8 linkedin

Visa Europe is to invest more than EUR200 million in new payment technologies to accelerate the growth of digital payments after reporting record transaction volumes for 2014.

Start ups

Standard Bank builds PlayRoom to push startup culture

14 hours ago  |  2313 views  |  0 comments | 4 tweets | 5 linkedin

South Africa's Standard Bank has opened an innovation centre in Johannesburg in an effort to foster a startup culture.

Wholesale banking

Bats moves into foreign exchange with Hotspot FX acquisition

28 January 2015  |  1685 views  |  0 comments | 1 tweets | 1 linkedin

Bats Global Market has acquired institutional spot foreign exchange market Hotspot FX from KCG Holdings in a cash transaction valued at $365 million.

Retail banking

Alibaba's Ant Financial takes credit scoring to a new level

28 January 2015  |  3176 views  |  0 comments | 11 tweets | 18 linkedin

Ant Financial, the financial services arm of e-commerce giant Alibaba, is leveraging Big Data technology and all of its considerable customer assets to launch a powerful new credit scoring agency.

Wholesale banking

Level39 and Nest open startup trade route between London and Hong Kong

28 January 2015  |  1954 views  |  0 comments | 7 tweets

Canary Wharf accelerator space Level39 has opened a tech trade route to Hong Kong, through a partnership with Asian startup incubator Nest.

Cards

Apple takes lion's share of US contactless payments

28 January 2015  |  5757 views  |  10 comments | 32 tweets | 26 linkedin

Apple CEO Tim Cook has declared 2015 'the year of Apple Pay' as the consumer tech firm reported the biggest quarterly profit ever made by a public company on the back of record iPhone and iMac sales.

Retail banking

Banking apps failing user experience test

28 January 2015  |  8178 views  |  6 comments | 34 tweets | 23 linkedin

The functionality of mobile banking apps developed by five of the UK's top banks has been criticised after they racked up so-so scores in user experience testing conducted by Adaptive Lab.

Start ups

Swyp bids to replace wallets with a single card

27 January 2015  |  3573 views  |  6 comments | 9 tweets | 7 linkedin

Swyp has become the latest startup to promise to replace the credit, debit, gift and loyalty cards in customers' wallets with a single card and app combo.

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