26 April 2015

Latest innovation news

Innotribe selects European Startup Challenge finalists

24 April 2015  |  1833 views  |  0 comments | 8 tweets | 4 linkedin

Innotribe, the innovation arm of financial messaging network Swift, has selected five European startups who will compete for a $50,000 grand prize at Sibos Singapore in Ocober.

Nasdaq agrees $26.5m settlement over botched Facebook IPO

24 April 2015  |  1467 views  |  0 comments | 4 tweets | 1 linkedin

Nasdaq has agreed to pay $26.5 million to settle a class action lawsuit over the technical glitches that marred the IPO of Facebook in 2012.

EBAday attracts global focus; exhibition sells out

24 April 2015  |  2438 views  |  0 comments | 8 tweets | 3 linkedin

Europe's premier payments conference, EBAday, is taking on an increasingly global flavour as the quest for instant funds transfers brings representatives from the Federal Reserve, The Clearing House and Ripple to the podium.

Banks on the brink as customer experience stagnates - Capgemini

23 April 2015  |  7500 views  |  1 comments | 43 tweets | 35 linkedin

The twelth annual World Retail Banking Report from Capgemini and Efma makes depressing reading for established banks as it charts an industry struggling to engage with customers and increasingly challenged by a raft of new competitors.

Wincor Nixdorf to axe staff, spin off cashless business as sales slump

23 April 2015  |  3106 views  |  0 comments | 5 tweets | 2 linkedin

Wincor Nixdorf is to slash twelve percent of its workforce and spin-off its cashless payments business as the company tackles deteriorating business conditions in key emerging markets such as Russia and China and a sluggish recovery in investment spending throughout Europe.

Swift Business Forum London - Live blog

23 April 2015  |  2891 views  |  0 comments | 3 tweets | 2 linkedin

Returning for its fifth year, the SWIFT Business Forum London will bring together 800 plus financial services professionals to explore the theme of harnessing change in financial services.

Funding Circle raises $150m

23 April 2015  |  2631 views  |  0 comments | 6 tweets | 4 linkedin

Funding Circle, an online marketplace for business loans, has raised $150 million in a financing round led by DST Capital.

Future Money roundup: Big banks have their day in the sun

22 April 2015  |  4568 views  |  2 comments | 17 tweets | 9 linkedin

Some of the world's biggest banks took to the stage at the second annual Finextra Future Money conference to show their innovation chops and dispel the notion that the industry is reaching a point of peak disruption.

HTML5 specialist OpenFin raises $3m

22 April 2015  |  3005 views  |  0 comments | 2 tweets

OpenFin, a provider of HTML5 runtime technology for the financial industry, has raised $3 million in a funding round joined by high-profile individuals including Cris Conde and Tom Glocer.

Wells Fargo picks startup accelerator participants

22 April 2015  |  3633 views  |  0 comments | 5 tweets | 4 linkedin

Wells Fargo has unveiled the three early-stage companies that have battled through a crowd of nearly 300 applicants to make it to the spring class of its startup accelerator programme.

Former GCHQ chief joins Standard Chartered financial crime committee

22 April 2015  |  2441 views  |  0 comments | 4 tweets

Standard Chartered has appointed former GCHQ chief Iain Lobban to its financial crime committee as it bids to combat the threat posed by cyber intrusions.

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