16 September 2014

Latest News

Risk & regulation

Bangladesh threatens jail time for bitcoin users

1 hour ago  |  945 views  |  1

Bangladesh's central bank has warned that anyone using bitcoin in the country could face a jail term of up to 12 years.

Trade execution

CME Group names Kim Taylor president, global operations, technology and risk

1 hour ago  |  604 views  |  0

CME Group has revamped its leadership structure, naming company veteran Kim Taylor president of global operations, technology and risk.

Cards

Contactless cards set to further displace cash on London Tube

2 hours ago  |  1601 views  |  2

Commuters using the London tube network can now tap their contactless bank cards on the ticket barriers to pay for their journeys, further displacing cash on the capital's transit system.

Wholesale banking

Electronic trading in corporate bond market on the up

12 hours ago  |  1326 views  |  0

Electronic trading in the corporate bond market is set to reach 20% in volume by 2016 as buy side investors spread the net in the search for new sources of liquidity, says Greenwich Associates.

Payments

ING adds voice controls to mobile app

21 hours ago  |  2782 views  |  2

Holland's ING has become the first bank in Europe to add a voice control mode to its mobile app, enabling customers to issue commands by speaking.

Cards

Amex invites applications for financial inclusion innovation lab

22 hours ago  |  2700 views  |  0

American Express is inviting academics and non-profit groups dealing with financial inclusion to submit ideas for commercial testing at a new 'Financial Innovation Lab'.

Retail banking

French bank preps Twitter-based P2P payments service

22 hours ago  |  3063 views  |  6

French banking group Banque Populaire Caisse d'Epargne (BPCE) has teamed up with Twitter to let customers tweet money to each other.

Mobile & online

Weve abandons mobile NFC payments plans

15 September 2014  |  2920 views  |  3

UK mobile commerce joint venture Weve is abandoning plans to launch an NFC payments service because its telco owners failed to agree on an approach, according to the Telegraph.

Mobile & online

Monitise revenues rise but losses grow

15 September 2014  |  2254 views  |  0

Monitise has posted a 31% rise in full year revenue but the mobile money firm's Ebitda losses widened as it took a short term hit on a decision to overhaul its business model.

Retail banking

Nigerian bank falls victim to $40 million insider cyber-heist

15 September 2014  |  2819 views  |  2

Nigerian police are on the hunt for an IT staffer at Skye Bank who hacked into the bank's systems and transferred $40 million to a raft of bogus accounts before going on the run.

Payments

Blockstock bitcoin festival gets ready to rock

12 September 2014  |  5012 views  |  0

A ten-day festival promoting the use of bitcoin kicks off with a round of drinks at the Old Shoreditch Station pub in London on Friday evening.

Retail banking

UK earmarks £10k prize for £1 coin design contest

12 September 2014  |  2622 views  |  2

The UK Government is inviting the general public to enter a competition to design the 'tails' side of a new 12-sided £1 coin, which is set to go into circulation in 2017.

Retail banking

JPMorgan yet to detect rise in fraud from recent cyber-attack

12 September 2014  |  3923 views  |  0

JPMorgan says it has not seen any unusual customer fraud related to a recent cyber-attack on the bank.

Retail banking

Tink personal finance app raises $4 million

12 September 2014  |  3562 views  |  0

Swedish personal finance app outfit Tink has raised $4 million in Series A funding to expand internationally and recruit new staff.

Retail banking

BBVA to invest $1.2 billion to become South America's leading digital bank

12 September 2014  |  5658 views  |  4

Spain's BBVA is to invest $1.2 billion on technology projects in South America over the next two years as it looks to grow the number of customers using digital and mobile channels to access the bank.

Retail banking

Bank of England takes a closer look at bitcoin potential

11 September 2014  |  4933 views  |  0

Digital currencies do not currently pose a material risk to monetary or financial stability in the United Kingdom, says the Bank of England, but the underlying technology does have the potential to transform the financial system more generally.

Retail banking

UK bank switch used by over one million customers in first year

11 September 2014  |  3148 views  |  1

Over one million people have used the UK's Current Account Switch Service to move banks since the scheme was introduced less than a year ago, heralding a new era for competition in the banking industry declares the Payments Council.

Cards

MasterCard loses EU appeal over cross-border interchange fees

11 September 2014  |  5343 views  |  13

MasterCard has lost a seven-year battle with the European Commission over the validity of its interchange fees for cross-border card payments, following a decisive judgement at the EU's highest court.

Security

Bitcoin ATM network introduces palm vein authentication

11 September 2014  |  4259 views  |  0

Bitcoin ATM manufacturer Robocoin is to use PalmSecure biometric technology from Fujitu to strengthen authentication in its worldwide network of kiosks.

Wholesale banking

Sabadell opens API to developers in first hackathon

10 September 2014  |  4090 views  |  1

Spain's Banco Sabadell is hosting its first hackathon, providing competing teams of developers with open access to its bank service API to generate fresh ideas and innovative financial applications.

Cards

Visa begins tokenisation roll out

10 September 2014  |  7131 views  |  9

Visa has taken advantage of the hoopla surrounding Apple's application of digital account tokens to replace card numbers for online and mobile purchasing by initiating the roll out of its Token Service to US clients.

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