05 July 2015

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Bank regulator IT examiners need more training - report
Risk & regulation

Bank regulator IT examiners need more training - report

03 July 2015  |  1917 views  |  0 comments | 3 tweets | 4 linkedin

American banking regulators are sending staffers with "little or no" tech training to carry out IT examinations at smaller institutions, according to a report from the US Government Accountability Office (GAO).

Fintech leads the charge as VC investment in UK tech firms hits record highs
Wholesale banking

Fintech leads the charge as VC investment in UK tech firms hits record highs

03 July 2015  |  3085 views  |  0 comments | 9 tweets | 5 linkedin

Venture capital investment into Britain’s technology companies has hit a record high of nearly $1.5bn during the first six months of this year, with London-based fintech firms leading the charge.

Amazon amplifies interest in financial services with BankBazaar investment
Retail banking

Amazon amplifies interest in financial services with BankBazaar investment

03 July 2015  |  2895 views  |  0 comments | 8 tweets | 3 linkedin

Amazon has led a $60 million funding round in Indian financial services marketplace BankBazaar.

Nordea sets up fintech accelerator
Wholesale banking

Nordea sets up fintech accelerator

03 July 2015  |  3087 views  |  0 comments | 13 tweets | 9 linkedin

With Sweden recently staking a claim as a fintech hotspot, Stockholm-headquartered Nordea has moved to grab a slice of the action by setting up an accelerator programme with Finnish innovation agency Nestholma to nurture small businesses developing digital banking services across the Nordics.

Infosys wins AIB outsourcing deal; establishes $10 million innovation fund
Retail banking

Infosys wins AIB outsourcing deal; establishes $10 million innovation fund

03 July 2015  |  2797 views  |  0 comments | 2 tweets | 1 linkedin

Indian IT services group Infosys is to set aside $10 million from its $500 million innovation fund to invest in Irish startups on the back of a new outsourcing deal with Allied Irish Bank.

RBA seeks supplier for new core banking platform
Payments

RBA seeks supplier for new core banking platform

03 July 2015  |  1960 views  |  0 comments | 1 tweets

The Reserve Bank of Australia has gone to tender for a new core banking system.

Brazilian malware kingpin outed as 20-year-old student
Retail banking

Brazilian malware kingpin outed as 20-year-old student

03 July 2015  |  2924 views  |  0 comments | 5 tweets

A notorious cybercrook responsible for more than 100 online banking Trojans has been outed by security firm Trend Micro as a 20-year-old Brazilian computer science student.

Citi launches New York Mets social media sweepstakes
Retail banking

Citi launches New York Mets social media sweepstakes

03 July 2015  |  1658 views  |  0 comments | 1 tweets

Citi is wrapping 50 bicycles in New York Mets colours for a social media sweepstakes, inviting locals to post photos of the bikes on Twitter and Instagram for the chance to win baseball-related prizes.

ING names Benoit Legrand head of fintech
Wholesale banking

ING names Benoit Legrand head of fintech

02 July 2015  |  3498 views  |  0 comments | 10 tweets | 7 linkedin

ING has appointed Benoit Legrand to the newly-created role of head of fintech, charging him with developing a strategy for how the bank deals with financial technology firms.

Trump hotels investigate card breach claims
Retail banking

Trump hotels investigate card breach claims

02 July 2015  |  2231 views  |  0 comments | 2 linkedin

Donald Trump's luxury hotel chain appears to have fallen victim to a data breach that has seen credit card data compromised.

Citi builds blockchains
Retail banking

Citi builds blockchains

02 July 2015  |  4240 views  |  1 comments | 22 tweets | 9 linkedin

Citi has been exploring distributed ledger technology for years, building three blockchains and creating its own crypto-currency, dubbed Citicoin, the banking giant has told International Business Times.

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