23 November 2014

Latest News


RBS suffers another IT glitch

21 November 2014  |  3822 views  |  1

The day after it was fined £56 million over an IT meltdown, Royal Bank of Scotland has suffered a minor glitch which has seen some customers unable to use their credit and debit cards.

Wholesale banking

HSBC rolls out Paym for business customers

21 November 2014  |  4151 views  |  1

HSBC business customers can now take payments using just a mobile phone number, as the UK bank rolls out the Paym service for Business Internet Banking subscribers.


Contactless makes Oxford Dictionaries word of the year shortlist

21 November 2014  |  9231 views  |  0

After a breakout 12 months for tap and pay, 'contactless' has made Oxford Dictionaries' shortlist for international word of the year.

Wholesale banking

Fintech angel network gears up for launch

21 November 2014  |  3961 views  |  0

Susanne Chisti, a former global project manager at Deutsche Bank, is to launch a new angel network focused solely on opportunities in the fintech sector.

Mobile & online

Square takes Register worldwide

20 November 2014  |  3179 views  |  0

Square is looking to expand beyond North America by making its Register point-of-sale software available to businesses worldwide.


Coinbase partners RewardsPay to bring bitcoin payments to iTunes and Facebook

20 November 2014  |  3335 views  |  0

Coinbase has struck a deal with payments platform RewardsPay that enables online shoppers to use bitcoin for purchases at the likes of iTunes and Facebook.

Retail banking

Former AIB COO to launch UK digital bank

20 November 2014  |  5108 views  |  1

The former chief operating officer of Allied Irish Bank, Anne Boden, is planning to launch a new digital-only bank in the UK next year, under the name Starling.

Start ups

House price prediction startup wins Westpac Innovation Challenge

20 November 2014  |  2187 views  |  0

A startup offering a Website and app that predicts the price of real estate property sales has walked away with a $40,000 cash prize and a six-month placement on the BlueChilli accelerator programme as the winner of Westpac's inaugural Innovation Challenge.

Retail banking

RBS and Ulster Bank hit with £56 million fine over IT meltdown

20 November 2014  |  4161 views  |  0

The Royal Bank of Scotland and its subsidiary Ulster Bank have been hit with a £56 million fine by regulatory authorities over a computer malfunction in 2012 that locked customers out of accounts and knocked out payments processing systems.

Wholesale banking

SEC strengthens exchange technology rules

19 November 2014  |  2952 views  |  0

The Securities and Exchange Commission has approved new rules designed to strengthen the US market's technology infrastructure, which has frequently buckled under increasing strain in recent years.

Wholesale banking

Fidelity takes portfolios into virtual reality with Oculus Rift app

19 November 2014  |  3477 views  |  2

US financial services giant Fidelity Investments has built an application for the Oculus Rift virtual reality headset that lets investors visualise their portfolio as a 3D city.

Mobile & online

Barclays Pingit is just the ticket for First Bus

19 November 2014  |  3653 views  |  0

First Bus has become the first UK nationwide public transport company to offer Barclays Pingit as a mobile payment option.

Wholesale banking

Silicon Valley Bank to take students on tech trek

19 November 2014  |  1986 views  |  0

Silicon Valley Bank is to take 18 of the nation's top university students on a three-day tour of the Californian tech hotspot, where they will be introduced to a 'who's who' of influential investors and entrepreneurs.

Retail banking

Google to give away $100,000 in mobile wallet recruitment campain

19 November 2014  |  4107 views  |  2

Google is to give away $100,000 to users of its mobile wallet who recruit a friend to the platform, as it prepares to do battle with Apple Pay and Softcard for market share over the all-important US holiday season.


PayPal launches Pebble smartwatch app

19 November 2014  |  4583 views  |  0

PayPal has built an app for the Pebble smartwatch that lets users check in and pay at retailers on the go.

Wholesale banking

BNY Mellon establishes Silicon Valley innovation centre

18 November 2014  |  3947 views  |  0

Investment management and services group BNY Mellon has set up an innovation centre in Silicon Valley as it seeks to harness the power of big data, cloud computing and the Internet of Things.


Contactless payments in UK head for mainstream - Worldpay

18 November 2014  |  8828 views  |  0

Contactless has shaken off its novelty tag in the UK and is surging towards the mainstream according to Worldpay, which is reporting a 150% rise in volumes over the past six months.


US Marshals in second auction of Dread Pirate Roberts bitcoin treasure trove

18 November 2014  |  1903 views  |  0

The US Marshals Service is looking at a $20 million payday as it auctions off 50,000 bitcoins seized from alleged Silk Road kingpin Ross Ulbricht, otherwise known as Dread Pirate Roberts.

Mobile & online

South Korean messaging firm partners banks on mobile wallet

18 November 2014  |  3537 views  |  0

South Korean Web giant Daum Kakao has teamed up with 16 banks to launch a mobile wallet service for online, offline and person-to-person payments.


Post Office launches Twitter donation service for Children in Need

18 November 2014  |  2392 views  |  0

Twitter users can now tweet to donate cash to the UK's Children in Need charity campaign, 'Be a Hero', through a service developed by the Post Office and IMImobile.


Snapchat partners Square on P2P payments

17 November 2014  |  4214 views  |  1

Snapchat has teamed up with Square to enable users to send each other money through the Photo sharing app.

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