02 August 2014

Latest News

Retail banking

Stripe backs Ripple founder's latest digital currency project

15 hours ago  |  1152 views  |  0

Mt. Gox and Ripple founder Jed McCaleb has unveiled Stellar, his latest stab at a decentralised payment network and digital currency. Payments firm Stripe has backed the project to the tune of $3 million.

Trade execution

Overstock ponders the possibility of a 'cryptosecurities' exchange

16 hours ago  |  1293 views  |  0

Online retailer Overstock is to explore the potential of using the technology behind bitcoin to create a decentralised exchange trading platform for corporate stocks issued as 'cryptosecurities'.

Cards

US govt warns retailers about new POS malware family

19 hours ago  |  1698 views  |  0

The US government has put out an alert warning retailers about a new family of malware, dubbed Backoff, targeting point-of-sale systems.

Retail banking

NAB appoints new tech overlord

19 hours ago  |  1063 views  |  0

NAB's new chief Andrew Thorburn has acted quickly to turn around the Australian bank's flagging tech transformation project, replacing enterprise services head Lisa Gray with Renee Roberts, former chief risk officer of NAB-owned Bank of New Zealand.

Wholesale banking

Finally, Sepa migration deadline day arrives

20 hours ago  |  2277 views  |  1

After a 15 year slog, the Single euro payments area (Sepa) hits a major milestone today with the full implementation for credit transfers and direct debits in the euro area.

Wholesale banking

Finextra Leadership: Life in the fast lane

01 August 2014  |  2067 views  |  0

Finextra talks to David Watson, global head of client access products for Deutsche Bank's global transaction banking business, about how the giant German bank is remodelling its technology platform to address the needs of a younger generation of digitally-savvy corporate treasury managers.

Retail banking

UK Payments Council chief Kamellard quits

31 July 2014  |  2329 views  |  0

The UK Payments Council's chief executive, Adrian Kamellard, is quitting the bank-run organisation as it prepares to "refocus" ahead of the introduction of a new payments regulator.

Retail banking

Westpac appoints CBA core transformation architect as new CIO

31 July 2014  |  1872 views  |  0

Wetspac has appointed Dave Curran, the architect of neighbouring Commonwealth Bank's core banking transformation project, as its new chief information officer.

Risk & regulation

CLS hires Zschach as chief information officer

31 July 2014  |  1532 views  |  0

FX risk reduction utility CLS has hired Tom Zschach as its new chief information officer, taking over the reins from former incumbent Sankar Aiyar, who unexpectedly quit the unit in March, midway through a major IT upgrade.

Wholesale banking

CME Group to buy Trayport and Fenics from GFI Group

30 July 2014  |  1801 views  |  0

Exchange operator CME Group has agreed a deal to buy the Trayport and Fenics trading technology units from GFI Group in a deal worth around $655 million.

Mobile & online

Square gears up for US EMV switch with chip card reader

30 July 2014  |  3414 views  |  0

Square has unveiled plans to launch a chip and signature version of its mPOS dongle as it prepares for America's upcoming switch to EMV.

Payments

Minnesota Twins test mobile photo app for card applications

30 July 2014  |  2645 views  |  0

US Bank is testing a new app which lets fans of the Minnesota Twins baseball team apply for a payments card by snapping a photo of their driver's license.

Retail banking

TD Bank scores viral hit with Automated Thanking Machine campaign

30 July 2014  |  7038 views  |  4

A marketing campaign in which Canada's TD Bank turned its ATMs into 'Automated Thanking Machines' that distributed gifts to customers has proved a viral hit, racking up more than two million YouTube views in less than a week.

Mobile & online

Why Google Bank won't happen

30 July 2014  |  7503 views  |  7

Google won't launch a traditional bank because of the associated costs and regulation, but these hurdles won't stop the firm from redefining the future of financial services, according to a new Forrester report.

Risk & regulation

DTCC and banks form client data and documentation utility

29 July 2014  |  2210 views  |  0

The Depository Trust & Clearing Corporation (DTCC) has teamed up with six Wall Street banks to launch Clarient Entity Hub, a client data and documentation utility.

Security

Brits back biometrics for banking authentication

29 July 2014  |  4686 views  |  6

More than half of Brits want their banks to integrate fingerprint biometric authentication technology into their digital services, according to a survey.

Retail banking

Nintendo brings NFC payments to Wii U in Japan

29 July 2014  |  2791 views  |  0

Japanese gamers can now buy the latest titles on Nintendo's eShop by tapping their contactless payment cards against their Wii U controllers.

Retail banking

PayPal brings Start Tank programme to London

29 July 2014  |  2828 views  |  1

PayPal is bringing its Start Tank programme to the UK, inviting the country's tech startups to apply for one of five chances to win a six month stint at its London offices.

Retail banking

New fintech fund targets emerging markets

28 July 2014  |  3383 views  |  0

Anthemis Group's Udayan Goyal has teamed up with private equity veteran Matteo Stefanel in a bid to raise $250 million for a growth fund targeting fintech startups in the developing world. Finextra spoke to Goyal about the fund.

Retail banking

PayPal hits the high street in Holland

28 July 2014  |  4407 views  |  0

Shoppers in the Netherlands can now use their PayPal accounts to order ahead and pay for goods and services at 1500 high street locations through a partnership with Rabobank-backed MyOrder

Cards

Doom on an ATM

28 July 2014  |  3032 views  |  0

A team of Australian geeks have rigged up an ATM to play popular shoot-'em-up action game Doom.

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