30 June 2015

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UK banking startup Mondo - established by a team who flew the nest at fledgeling challenger Starling - is to meet with the Bank of England on Wednesday to make its case for approval for a full banking license after raising £2 million in funding from Passion Capital.

MasterCard has teamed up with Parkeon to launch a couponing platform, called City Connector, that delivers offers and services from local businesses via on-street parking meters.

Mobile & online

Barclays and Europol sign cybercrime MoU

6 hours ago  | 0 comments | 2 tweets | 3 linkedin

Europol’s European Cybercrime Centre (EC3) and Barclays have signed a Memorandum of Understanding (MoU) to combat the threats posed to financial services firms by online criminal gangs.

Amazon is bringing its business loan programme to eight new countries, including China, India and the UK, according to Reuters.

Following a backlash from customers and regulators, PayPal has moved to "clear up any confusion" on its policy for sending out automated phone calls and text messages.

The managing director of Britain's new Payments Systems Regulator has bemoaned a lack of innovation in the back-end infrastructure of payments, and warned that she will step in if industry does not up its game.

Features and analysis

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Western Union is to suspend its money transfer operations in Greece as the crisis-wracked country reels from an overnight Government decision to shut all banks and the stock market for six business days and impose restrictions on cash machine withdrawals.

UK pensions annuity outfit Partnership has become the first financial services brand to launch a Google Cardboard App

Retail banking

French startups form national fintech association

29 June 2015  | 0 comments | 24 tweets | 9 linkedin

Thirty six fintech startups in France have banded together in a bid to foster a national ecosystem for innovation in financial services.

Mobile & online

Barclays takes on Apple with wearable payments

29 June 2015  | 1 comments | 37 tweets | 25 linkedin

Barclaycard is rolling out three new wearable payments devices - a wristband, fob and sticker - that can be used to make ‘touch and go’ contactless payments across the UK.

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