31 March 2015

Latest News

Retail banking

Apple Pay users running into checkout problems - survey

7 hours ago  |  2086 views  |  1 comments | 5 tweets | 8 linkedin

Apple Pay may be boasting 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).

Cards

CBA unveils Albert tablet payment device

12 hours ago  |  2204 views  |  0 comments | 3 tweets | 7 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.

Trade execution

Snapchat posts sees RBS investment bank head ousted

13 hours ago  |  3139 views  |  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.

Cards

Canada's D+H agrees $1.25bn Fundtech acquisition

13 hours ago  |  2839 views  |  0 comments | 5 tweets | 18 linkedin

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

Retail banking

Westpac launches online SME tools

14 hours ago  |  1706 views  |  0 comments | 5 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.

Payments

MasterCard strengthens Silicon Valley outpost

22 hours ago  |  2141 views  |  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.

Payments

Sydney fintech hub opens

23 hours ago  |  2437 views  |  0 comments | 5 tweets | 3 linkedin

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

Virtual currency

Ex-federal agents charged with stealing Silk Road-related bitcoins

30 March 2015  |  1943 views  |  0 comments | 5 tweets | 3 linkedin

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.

Start ups

RateSetter gets £20m investment

30 March 2015  |  2707 views  |  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.

Mobile & online

Santander Innoventures invests $5m in MyCheck

30 March 2015  |  3081 views  |  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.

Retail banking

UK banks' IT spending to increase - CBI/PwC Report

30 March 2015  |  3158 views  |  0 comments | 14 tweets | 11 linkedin

UK banks’ spending priorities for the next year are focused on improving IT infrastructure and cyber security, according to a report from the CBI and PwC, which also finds a focus on building new digital platforms to remain competitive and respond to changing customer needs.

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