31 March 2015

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Canadian financial technology firm D+H is to buy transaction banking vendor Fundtech for $1.25 billion in cash, subject to regulatory approvals.

Apple Pay may be seeing impressive adoption rates but two thirds of people who use the system have run into problems at the checkout, according to a survey from Phoenix Marketing International (PMI).

woman using tablet

CBA unveils Albert tablet payment device

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

Commmonwealth Bank of Australia is making a move into the point-of-sale hardware market, teaming up with German tech firm Wincor Nixdorf and Ideo to launch a seven inch Android based tablet system dubbed Albert.

wrong way

Snapchat posts sees RBS investment bank head ousted

11 hours ago  | 0 comments | 7 tweets | 3 linkedin

Rory Cullinan has resigned as head of RBS' investment bank after a series of messages he posted on social media app Snapchat were published in the Sun newspaper in the UK, according to the FT.

tablet computer 2

Westpac launches online SME tools

13 hours ago  | 0 comments | 4 tweets | 5 linkedin

Westpac has launched a Live Online Lending Application (Lola) to help small to medium sized enterprises apply for loans and a MyBusiness Assist platform to help businesses plan, manage and finance their firms more easily.

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Retail banking

MasterCard strengthens Silicon Valley outpost

20 hours ago  | 0 comments | 4 tweets | 2 linkedin

In an effort to embed itself more firmly within Silicon Valley, MasterCard is relocating its emerging merchants team to its San Carlos Center of Excellence.

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Sydney fintech hub opens

21 hours ago  | 0 comments | 5 tweets | 3 linkedin

Australian EFTPOS outfit Tyro Payments is opening a fintech hub in Sydney where startups can rent deskspace.

Two former federal agents have been charged with stealing hundreds of thousands of dollars worth of bitcoin during the investigation of the Silk Road dark web marketplace.

Wholesale banking

RateSetter gets £20m investment

30 March 2015  | 0 comments | 12 tweets | 6 linkedin

Peer-to-peer lender RateSetter has secured a £20 million investment from veteran banker Ken Costa, along with Woodford Investment Management and Artemis.


Santander Innoventures invests $5m in MyCheck

30 March 2015  | 0 comments | 8 tweets | 7 linkedin

The Israel-based MyCheck is the first major investment to be announced by the Spanish bank's $100 million venture fund.

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