29 August 2014

Latest innovation news

Amazon hires Visa's Talwar to lead lending business

3 hours ago  |  764 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.

Sberbank throws in free cat with every mortgage

5 hours ago  |  1526 views  |  0

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

Citi boss Corbat meets Ice Bucket Challenge but Icahn ducks out

6 hours ago  |  1301 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.

Digital payments crucial to economic growth - World Bank report

28 August 2014  |  4607 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.

Ex-Deutsche Bank exec launches trading game app

28 August 2014  |  2412 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.

Lending Club preps $500m IPO

28 August 2014  |  1278 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.

FBI probes Russian link to cyber-attacks on US banks

28 August 2014  |  2197 views  |  0

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

Monitise transfers hundreds of UK employees to IBM

27 August 2014  |  4260 views  |  2

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

CaixaBank invests EUR500m in contactless ATMs

27 August 2014  |  5084 views  |  0

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

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

27 August 2014  |  2687 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.

China's ICBC chooses IBM for disaster recovery

27 August 2014  |  2804 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.

Westpac NZ licenses Moven money management tech

26 August 2014  |  3543 views  |  3

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

Santander commissions study on bitcoin's impact on banks

26 August 2014  |  4994 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.

Banks and retailers sign on for new Australian Payments Council

26 August 2014  |  4468 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.

Americans embrace mobile banking but the branch makes comeback

26 August 2014  |  4683 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.

EBay ponders PayPal spin-off - report

22 August 2014  |  6285 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.

St George preps fingerprint login for iPhone app

22 August 2014  |  4989 views  |  1

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

ATM spy camera fraudsters jailed

22 August 2014  |  3854 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.

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

22 August 2014  |  6712 views  |  0

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

ECB fingers systemically important payment systems for oversight

21 August 2014  |  6517 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.

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

21 August 2014  |  5202 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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