27 February 2015

Latest innovation news

Visa and MasterCard report strong bank uptake for HCE-based mobile payments

37 minutes ago  |  510 views  |  0 comments

Banco do Brazil, PNC Bank and US Bank are set to join the growing band of finacial services firms working with Visa to offer their customers HCE-based contactless mobile payments.

Google said to prep Android Pay API

5 hours ago  |  1416 views  |  0 comments | 10 tweets | 2 linkedin

Google is preparing to launch a payments API that will enable third party developers to embed in-store and in-app payments within their apps, according to press reports.

TSB wades into bank branch debate

13 hours ago  |  1675 views  |  0 comments | 5 tweets | 4 linkedin

While other banks are closing branches, the UK's TSB has launched a staunch defence of the branch network, making its high street presence front and centre of its proposition to attract more customers from competitor banks.

Bank of England could issue own digital currency

14 hours ago  |  4191 views  |  2 comments | 30 tweets | 12 linkedin

Like its counterparts in the US, the Bank of England is pondering the implications of issuing its own digital currency.

Victory Park Capital plans £200m London listing for P2P lending fund

26 February 2015  |  1901 views  |  0 comments | 5 tweets | 1 linkedin

Chicago-based Victory Park Capital has set out plans to raise £200 million through a listing on the London Stock Exchange for a new vehicle which will invest through person-to-person lending platforms.

Bank of England stages data visualisation contest

26 February 2015  |  1916 views  |  0 comments | 4 tweets | 1 linkedin

The Bank of England is staging a competition to uncover insightful ways of representing and interpreting newly-released data sets.

New York state watchdog sets sights on bank money laundering systems

25 February 2015  |  2451 views  |  0 comments | 8 tweets | 7 linkedin

The New York State Department of Financial Services (DFS) is planning to step up the fight against money laundering by carrying out random audits of Wall Street banks' transaction monitoring and filtering systems.

Target takes $162m hit on data breach expenses

25 February 2015  |  2871 views  |  0 comments | 12 tweets | 8 linkedin

Target has so far booked $162 million in expenses related to the data breach it suffered in late 2013 which saw thieves steal the card details of tens of millions of customers.

Europol shuts down banking botnet: US puts up $3 million reward for Russian cyber fugitive

25 February 2015  |  2694 views  |  0 comments | 7 tweets | 5 linkedin

Europol has shut down a botnet that had infected 3.2 million computers worldwide with malware designed to steal online banking credentials.

Barclays launches Twitter payments service

25 February 2015  |  9205 views  |  0 comments | 56 tweets | 38 linkedin

In a UK first, Barclays is launching a service that lets people pay each other and small businesses using just their Twitter handle.

AXA sets up EUR200 million disruptive venture fund

25 February 2015  |  2282 views  |  0 comments | 10 tweets | 5 linkedin

AXA has launched a EUR200 million venture capital fund dedicated to investing in budding strategic innovations in the insurance, asset management, financial technology and healthcare service industries.

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