29 May 2015
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Google unveils Android Pay

8 hours ago  | 2 comments | 9 tweets | 10 linkedin

Having seen its Wallet service fail to take off, Google is aiming another shot at the fast-growing mobile payments market with the launch of Android Pay.

Accelerating growth in mobile remote cheque deposits is set to have a profound effect on the branch channel, according to research from Celent.

Banking co-operative Swift is is extending the reach of its KYC Registry utility beyond correspondent banking to support Know Your Customer compliance requirements for funds distribution and custody services.

Monese, a London-based digital banking service targeting immigrants that have trouble opening accounts with traditional high street players, has raised $1.8 million from Seedcamp, early Spotify investor Shakil Khan and a group of angel investors.

Retail banking

Facebook Messenger payments service arrives in NYC

28 May 2015  | 0 comments | 21 tweets | 17 linkedin

As it arrives in New York City, Facebook Messenger's payments service has been tweaked to make it easier for friends to send money within conversations.

A US-based charity is suing Commonwealth Bank of Australia seeking the return of $2.5 million that Oz cops say was used to bribe two former CBA IT executives.

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Payments

BBVA rolls out 'remote control' card app

27 May 2015  | 0 comments | 24 tweets | 25 linkedin

Spain's BBVA has introduced a 'remote control' Wallet app that enables users to activate and disable a host of card functions, from setting up transaction limits to blocking the use of the card for certain activities.

A Canadian university is installing bitcoin ATMs across campus, and will accept the digital currency for the purchase of text books, in an effort to stimulate discussion about the future of money and innovation in financial services.

Wholesale banking

B2B FX platform Kantox raises $11 million

27 May 2015  | 0 comments | 1 tweets | 1 linkedin

London-based business-to-business currency exchange Kantox has raised $11 million in Series B funding.

Retail banking

CBA to test Ripple for intra-bank transfers

27 May 2015  | 2 comments | 23 tweets | 21 linkedin

Commonwealth Bank of Australia is to begin testing technology from Ripple Labs to transfer funds between its subsidiaries.

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