16 April 2014

Latest News

Trade execution

Citi launches block pricing tool on Bloomberg app portal

17 hours ago  |  988 views  |  0

Citi has become the first broker to use the Bloomberg App Portal to deploy an application to clients around the world.

Wholesale banking

TransferWise sends up banks in video prank

21 hours ago  |  1441 views  |  0

How would you react if a bar treated your beer like a bank treats your money? That was the question asked by currency exchange start-up TransferWise in a hidden camera stunt filmed at a London hostelry.

Retail banking

Mt. Gox CEO unwilling to travel to US to answer bankruptcy case questions

21 hours ago  |  1007 views  |  0

Mt. Gox CEO Mark Karpeles is refusing to travel to America this week to answer questions about the Tokyo-based bitcoin exchange's US bankruptcy case.

Cards

CommBank services hit by network-wide outage

22 hours ago  |  1437 views  |  0

An IT glitch at Commonwealth Bank of Australia has left customers unable to use online and mobile banking, ATMs and point-of-sale terminals for several hours.

Retail banking

Digital challenger Atom Bank hires chief innovation officer

23 hours ago  |  2220 views  |  0

Atom Bank, the UK-based digital financial services start-up, has hired a chief innovation officer and a deputy director from the North East Local Enterprise Partnership.

Trade execution

CME Group sued over HFT sneak peek claims

14 April 2014  |  1556 views  |  1

CME Group is being sued by three users, accused of selling sneak peeks at order information to high-frequency traders.

Wholesale banking

Sifma calls for US rulemakers to step up deployment of Legal Entity Identifiers

14 April 2014  |  1838 views  |  0

US securities trade body Sifma has called for broader uptake of Legal Entity Identifiers by the country's regulators, amid fears that the US is being left behind as other nations push ahead with mandatory implementation of the uniform trade reporting standard.

Retail banking

Westpac tests fingerprint scanning for mobile banking login

14 April 2014  |  3508 views  |  2

Westpac New Zealand customers will soon be able to log into their mobile banking app using fingerprint scanning.

Mobile & online

Facebook seeks European e-money license for remittance play

14 April 2014  |  3751 views  |  1

Facebook is just 'weeks away' from getting an e-money license in Ireland that would allow its users to hold and exchange money on the social networking site, according to the Financial Times.

Retail banking

Telefonica, CaixaBank and Santander establish e-commerce joint venture company

11 April 2014  |  5350 views  |  0

CaixaBank, Banco Santander and Telefónica have partnered to create 'Yaap', a digital services joint venture company.

Wholesale banking

Start-up support seen as critical to future of London fintech scene

11 April 2014  |  3130 views  |  2

The UK must do more to encourage investment in the start-up community if London is to maintain its dominance as a global hub for financial services, according to panelists at an event organised by fintech accelerator Startupbootcamp.

Risk & regulation

Avox to double workforce as demand for reference data grows

11 April 2014  |  1683 views  |  0

DTCC-owned clean data utility Avox has announced plans to hire 200 new staff over the next two-years, doubling its workforce in the face of increasing industry demand for accurate reference data.

Payments

Apple expected to announce support for NFC and mobile payments

11 April 2014  |  11812 views  |  12

Anticipation is mounting that Apple is finally about to join Google in adopting NFC for payments on its mobile devices and up-coming smartwatch.

Security

Regulators warn US banks to take action over Heartbleed exploit

11 April 2014  |  2650 views  |  0

US regulators have warned the nation's banks to undertake a complete overhaul of their security infrastructure to counteract the threat from the Heartbleed bug.

Mobile & online

Fujitsu launches biometric ATMs in Europe

11 April 2014  |  4438 views  |  1

Fujitsu has launched a new range of ATMs on the European market, featuring its PalmSecure biometric technology and support for mobile NFC.

Transaction banking

Banks seek out new opportunities in supply chain finance

11 April 2014  |  2453 views  |  0

The importance and potential of supply chain finance as a line of business for European banks has been emphasised in a survey by working capital outfit Demica which indicates that one third of banks sampled have created SCF-specific roles with directorial status.

Payments

Icahn backs down in eBay spat over PayPal spin-off

10 April 2014  |  1746 views  |  0

eBay has successfully fought off a bid by activist investor Carl Icahn to force a spin-off of the online flea market's PayPal subsidiary, with both sides calling a truce after a bitter four-month struggle.

Retail banking

Co-op CIO Coleman quits embattled bank

10 April 2014  |  1661 views  |  0

Pete Coleman, chief information officer of the Co-op Bank, has quit his role after just a year in the job at the troubled UK bank.

Wholesale banking

Khosla leads all-star investment in small business finance start-up Fundbox

10 April 2014  |  2354 views  |  0

Fundbox, a San Francisco-based start-up that helps business owners fix their cash flow by transferring the amount of outstanding invoices to their bank accounts, has secured a $17.5 million funding round led by Khosla Ventures and featuring an all-star team of private investors, including former Citigroup chief Vikram Pandit, ex-Reuters head Tom Glocer, ISE chairman David Krell, and Jay Mandelbaum, one-time head of strategy and e-commerce at JPMorgan Chase.

Payments

Innotribe Start-up Challenge semi-finalists to go on display at Finextra Future Money

10 April 2014  |  3130 views  |  1

Fifteen fintech start-ups will pitch their business ideas to an audience of bankers and VCs at the European semi-final of Swift's Innotribe Start-up Challenge, which is taking place at the Finextra Future Money show in Canary Wharf later this month.

Cards

Birdback launches card-linked offers platform

10 April 2014  |  2391 views  |  1

UK start-up Birdback says hundreds of UK retailers can now link discounts, cashback and loyalty programmes directly to customers' payment cards for offline spending on the high street.

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