02 July 2015

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Payments

Singapore pledges S$225m to fintech

01 July 2015  | 0 comments | 21 tweets | 17 linkedin

Singapore has committed S$225 million over the next five years to a scheme designed to build a vibrant ecosystem for innovation in fintech.

Banks are rapidly adopting biometrics as an authentication method for mobile services and are willing to cooperate to provide customers with a common interface, according to a survey from the Mobey Forum.

KFC has become the latest major retailer to strike a deal with Alipay, enabling customers in China to pay for their fried chicken with their mobile phones.

Interactive Data is gearing up for a possible sale or initial public offering that could value the market data outfit at more than $5 billion, according to Reuters.

Payments

Santander and Monitise form fintech venture

14 hours ago  | 0 comments | 7 tweets | 10 linkedin

Banco Santander and mobile money vendor Monitise have formed a £20 million joint venture that will invest in and help build fintech startups.

Payments

US banks pump $16.6bn into digital transformation

20 hours ago  | 1 comments | 25 tweets | 17 linkedin

American retail banks will spend $16.6 billion on "digital transformation initiatives" this year, according to research from IDC Financial Insights.

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Retail banking

Square launches payroll service

01 July 2015  | 0 comments | 2 tweets

Square has added to its roster of services aimed at small businesses with the launch of a payroll product.

Virtual currency

Greeks flock to Bitcoin

30 June 2015  | 0 comments | 29 tweets | 18 linkedin

Bitcoin exchanges are reporting a surge in interest from Greek users faced with shuttered banks and capital controls.

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.

Security

Barclays and Europol sign cybercrime MoU

30 June 2015  | 0 comments | 8 tweets | 6 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.

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