27 April 2015

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Europe's premier payments conference, EBAday, is taking on an increasingly global flavour as the quest for instant funds transfers brings representatives from the Federal Reserve, The Clearing House and Ripple to the podium.

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Start ups

Innotribe selects European Startup Challenge finalists

24 April 2015  | 0 comments | 10 tweets | 5 linkedin

Innotribe, the innovation arm of financial messaging network Swift, has selected five European startups who will compete for a $50,000 grand prize at Sibos Singapore in Ocober.

Nasdaq has agreed to pay $26.5 million to settle a class action lawsuit over the technical glitches that marred the IPO of Facebook in 2012.

The twelth annual World Retail Banking Report from Capgemini and Efma makes depressing reading for established banks as it charts an industry struggling to engage with customers and increasingly challenged by a raft of new competitors.

Wincor Nixdorf is to slash twelve percent of its workforce and spin-off its cashless payments business as the company tackles deteriorating business conditions in key emerging markets such as Russia and China and a sluggish recovery in investment spending throughout Europe.

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Payments

Swift Business Forum London - Live blog

23 April 2015  | 0 comments | 3 tweets | 2 linkedin

Returning for its fifth year, the SWIFT Business Forum London will bring together 800 plus financial services professionals to explore the theme of harnessing change in financial services.

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Retail banking

Funding Circle raises $150m

23 April 2015  | 0 comments | 6 tweets | 4 linkedin

Funding Circle, an online marketplace for business loans, has raised $150 million in a financing round led by DST Capital.

Start ups

Future Money roundup: Big banks have their day in the sun

22 April 2015  | 2 comments | 17 tweets | 9 linkedin

Some of the world's biggest banks took to the stage at the second annual Finextra Future Money conference to show their innovation chops and dispel the notion that the industry is reaching a point of peak disruption.

Wholesale banking

HTML5 specialist OpenFin raises $3m

22 April 2015  | 0 comments | 2 tweets

OpenFin, a provider of HTML5 runtime technology for the financial industry, has raised $3 million in a funding round joined by high-profile individuals including Cris Conde and Tom Glocer.

Wells Fargo has unveiled the three early-stage companies that have battled through a crowd of nearly 300 applicants to make it to the spring class of its startup accelerator programme.

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