21 April 2014

Latest innovation news

Brits wary of crypto-currency; Nakomoto outed?; bitcoin goes to pot

17 April 2014  |  2468 views  |  0

Despite the hype, the vast majority of Brits have no interest in using bitcoin to shop online, with a lack of trust cited as the main barrier to uptake.

Qapital takes PFM to the next phase with proprietary account integration

17 April 2014  |  1988 views  |  0

Swedish financial management start-up Qapital is preparing to launch in the US with a service that enables users to track their spending, set savings goals, and transfer cash to a savings account held by an FDIC-insured banking partner.

Pay-by-sleeve: Heritage Bank unveils contactless payments suit

17 April 2014  |  5558 views  |  0

Forget watches and glasses, Aussie bank Heritage thinks it has found the cutting edge of wearable tech - a suit that lets customers make contactless payments through the flick of a sleeve.

ANZ chief Smith puts social media at the heart of the bank's future strategy

16 April 2014  |  4726 views  |  0

ANZ chief executive Mike Smith has committed to making social media engagement and digital services a "key business priority" for the Australian bank over the next three years.

Twitter acquires social media sentiment tracker Gnip

16 April 2014  |  1715 views  |  1

Twitter has acquired Gnip a provider of aggregated social media content which is used by hedge funds, banks and signal providers to assess market sentiment and conduct analytics.

Citi launches block pricing tool on Bloomberg app portal

15 April 2014  |  1808 views  |  0

Citi has become the first broker to use the Bloomberg App Portal to deploy an application to clients around the world.

Digital challenger Atom Bank hires chief innovation officer

15 April 2014  |  3794 views  |  0

Atom Bank, the UK-based digital financial services start-up, has hired a chief innovation officer and a deputy director from the North East Local Enterprise Partnership.

Westpac tests fingerprint scanning for mobile banking login

14 April 2014  |  4870 views  |  3

Westpac New Zealand customers will soon be able to log into their mobile banking app using fingerprint scanning.

Start-up support seen as critical to future of London fintech scene

11 April 2014  |  3703 views  |  2

The UK must do more to encourage investment in the start-up community if London is to maintain its dominance as a global hub for financial services, according to panelists at an event organised by fintech accelerator Startupbootcamp.

Khosla leads all-star investment in small business finance start-up Fundbox

10 April 2014  |  2741 views  |  0

Fundbox, a San Francisco-based start-up that helps business owners fix their cash flow by transferring the amount of outstanding invoices to their bank accounts, has secured a $17.5 million funding round led by Khosla Ventures and featuring an all-star team of private investors, including former Citigroup chief Vikram Pandit, ex-Reuters head Tom Glocer, ISE chairman David Krell, and Jay Mandelbaum, one-time head of strategy and e-commerce at JPMorgan Chase.

Innotribe Start-up Challenge semi-finalists to go on display at Finextra Future Money

10 April 2014  |  3361 views  |  1

Fifteen fintech start-ups will pitch their business ideas to an audience of bankers and VCs at the European semi-final of Swift's Innotribe Start-up Challenge, which is taking place at the Finextra Future Money show in Canary Wharf later this month.

Birdback launches card-linked offers platform

10 April 2014  |  2644 views  |  1

UK start-up Birdback says hundreds of UK retailers can now link discounts, cashback and loyalty programmes directly to customers' payment cards for offline spending on the high street.

Metro Bank founder to launch digital bank; recruits first direct's Mullen

09 April 2014  |  6050 views  |  8

Metro Bank founder Anthony Thomson has recruited first direct chief Mark Mullen to head a new UK digital bank.

Royal Canadian Mint ditches MintChip digital currency project

07 April 2014  |  5592 views  |  2

The Royal Canadian Mint has pulled the plug on its MintChip cloud-based digital currency and is looking to offload the business.

UK mobile banking transactions double in one year

31 March 2014  |  8717 views  |  1

The UK is in the midst of a technology-led banking revolution as Brits shun branches in favour of their mobile phones, figures from the British Bankers Association show.

BBVA and Google launch biz app development competition

28 March 2014  |  3892 views  |  0

BBVA and Google are calling on developers to enter a competition to develop business productivity applications for SMEs and entrepreneurs in Spain and Latin America.

Jumio builds bitcoin ID verification system; Stripe tests bitcoin support

28 March 2014  |  3776 views  |  0

Jumio has signed up several bitcoin-related businesses to a scheme which lets users validate their identities by holding up paper ID to the cameras of Web-connected devices.

ASB launches augmented reality recruitment app

27 March 2014  |  3393 views  |  1

New Zealand's ASB has unveiled a 3D augmented reality app aimed at job candidates looking for positions in its corporate banking team.

Former Visa president Morris launches fintech venture fund

27 March 2014  |  3387 views  |  0

Financial services veteran and former Visa president Hans Morris has set up a fintech-focused venture capital and advisory firm.

Estimize raises $1.2m; unveils crowdfunded M&A predictions platform

27 March 2014  |  1445 views  |  0

Estimize, a US start-up that pools members' forecasts for earnings results at listed companies, has raised $1.2 million in funding and launched a crowdsourced mergers and acquisitions predictions platform.

Former Swift CEO Schrank joins Circle funding round

26 March 2014  |  2644 views  |  1

Digital currency start-up Circle Internet Financial has closed a $17 million funding round, including an investment from former Swift chief executive Leonard Schrank.

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