03 July 2015

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Wholesale banking

ING names Benoit Legrand head of fintech

13 hours ago  | 0 comments | 9 tweets | 5 linkedin

ING has appointed Benoit Legrand to the newly-created role of head of fintech, charging him with developing a strategy for how the bank deals with financial technology firms.

Retail banking

Nordea sets up fintech accelarator

54 minutes ago  | 0 comments | 4 tweets | 2 linkedin

With Sweden recently staking a claim as a fintech hotspot, Stockholm-headquartered Nordea has moved to grab a slice of the action by setting up an accelerator programme with Finnish innovation agency Nestholma to nurture small businesses developing digital banking services across the Nordics.

Indian IT services group Infosys is to set aside $10 million from its $500 million innovation fund to invest in Irish startups on the back of a new outsourcing deal with Allied Irish Bank.

The Reserve Bank of Australia has gone to tender for a new core banking system.

A notorious cybercrook responsible for more than 100 online banking Trojans has been outed by security firm Trend Micro as a 20-year-old Brazilian computer science student.

Citi is wrapping 50 bicycles in New York Mets colours for a social media sweepstakes, inviting locals to post photos of the bikes on Twitter and Instagram for the chance to win baseball-related prizes.

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Security

Trump hotels investigate card breach claims

17 hours ago  | 0 comments | 1 linkedin

Donald Trump's luxury hotel chain appears to have fallen victim to a data breach that has seen credit card data compromised.

Retail banking

Citi builds blockchains

21 hours ago  | 1 comments | 21 tweets | 9 linkedin

Citi has been exploring distributed ledger technology for years, building three blockchains and creating its own crypto-currency, dubbed Citicoin, the banking giant has told International Business Times.

For the first time, current accounts have become the most targeted financial product by fraudsters, as criminals probe for loopholes in the UK's seven-day switching service.

Barclays is to roll out its mobile cheque imaging service to Android phones and iPad users, bringing the service within reach of one million more customers.

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