03 July 2015

All retail banking news

Bank regulator IT examiners need more training - report

2 hours ago  | 0 comments | 1 tweets | 3 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).

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

Nordea sets up fintech accelerator

6 hours ago  | 0 comments | 9 tweets | 6 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.

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.

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.

Retail banking announcements

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