29 July 2015

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Retail banking

Stripe lands new funding; signs deal with Visa

19 hours ago  | 0 comments | 10 tweets | 13 linkedin

Hot payments startup Stripe has landed a new round of funding from investors including American Express, Visa and Sequoia Capital, valuing the San Francisco-based company at $5 billion.

There were 192 fintech mergers and acquisitions worth a total of $18.9 billion in the first half of 2015, according to research from investment bank Berkery Noyes.

Hong Kong network operator HKT has launched Tap & Go, a SIM-based mobile payments service for online, P2P and contactless instore transactions.

One in every two visits to a bank branch now involves self-service transactions rather than human interaction, according to data from the UK's Halifax.

The Monetary Authority of Singapore (MAS) has poached Citi exec Sopnendu Mohanty to head up a new fintech and innovation group.

ANZ is looking to beef up its retail distribution strategy with the appointment of long-serving McDonald's exec Catriona Noble to oversee its customer-facing channels.

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Virtual currency

Mike Tyson bites into bitcoin

27 July 2015  | 0 comments | 8 tweets | 3 linkedin

The Baddest Man on the Planet, Mike Tyson, is muscling in on the world of cryptocurrencies, lending his star power to a new bitcoin ATM in Las Vegas.

Deutsche Bourse is wading into the $5.3 trillion a day currency markets with a EUR725 million acquisition of multi-bank FX trading platform 360T.

Peter Randall, the former CEO and founder of Chi-X, is once again looking to upset established market mechanisms with the launch of an institutional payment and settlement system based on blockchain technology.

British digital challenger bank Atom has picked Intelligent Environments' software platform to underpin its mobile apps.

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