28 March 2015

Latest News

Transaction banking

UK online banking fraud losses soar 48%

27 March 2015  |  2715 views  |  0 comments | 8 tweets | 10 linkedin

Online banking fraud jumped 48% to £60.4 million in 2014, according to figures put together by Financial Fraud Action UK (FFA UK), which blames the rise on malware and confidence tricksters.

Wholesale banking

Swift London Business Forum to continue discussions on FinTech innovation

27 March 2015  |  2893 views  |  1 comments | 3 tweets | 4 linkedin

Challenger banks will feature heavily in the upcoming Swift Business Forum in London. Craig Donaldson, CEO at Metro Bank UK, is joined by keynote speaker Sir David Clementi, ex-deputy governor of the Bank of England and chairman of Virgin Money.

Mobile & online

Future Money Focus: Mariano Belinky, Santander Innoventures

27 March 2015  |  3751 views  |  0 comments | 7 tweets | 10 linkedin

Mariano Belinky joined Santander Innoventures from McKinsey & Co. where he spent six years advising global banks and asset managers on strategy. Now he runs the Spanish bank's $100 million venture fund to lead a financial services digital revolution.

Retail banking

US mobile banking on the rise - Fed study

27 March 2015  |  3094 views  |  0 comments | 13 tweets | 14 linkedin

Nearly 40% of banked Americans that have mobile phones now use their handsets to access their accounts, according to research from the Federal Reserve Board.

Retail banking

PayPal pays $7.7m in US sanctions case

26 March 2015  |  2787 views  |  4 comments | 8 tweets | 9 linkedin

PayPal has agreed to pay $7.7 million to settle charges from the US Treasury that lax screening technology saw the firm violate multiple sanctions programmes.

Retail banking

Europe sets the pace as fintech investment triples in 2014

26 March 2015  |  5128 views  |  0 comments | 28 tweets | 19 linkedin

Global investment in fintech ventures tripled from $4.05 billion in 2013 to $12.2 billion in 2014, with Europe being the fastest growing region in the world, according to a new report by Accenture.

Retail banking

Midata initiative launches to help Brits pick best bank account providers

26 March 2015  |  2281 views  |  0 comments | 15 tweets | 7 linkedin

The UK government's midata initiative has launched, enabling Brits to download their current account transactional data and put it into online tools that will help them find the most suitable providers.

Trade execution

European government bond trading goes electronic

26 March 2015  |  1960 views  |  0 comments | 3 tweets | 5 linkedin

Some 57% of trading volume in European government bonds was executed electronically in 2014, up 14 percentage points since the onset of the global financial crisis according to a new report from Greenwich Associates.

Retail banking

Barclays and PayPal join Government ID access scheme

26 March 2015  |  4345 views  |  0 comments | 10 tweets | 11 linkedin

Barclays and PayPal are among a list of nine companies applying to act as identity providers for UK consumers accessing Government services online.

Mobile & online

UK banks agree protocol on branch closures

25 March 2015  |  2458 views  |  0 comments | 4 tweets | 9 linkedin

British banks will have to provide 12 weeks' notice of branch closures and publish assessments of the impact on customers, under a new protocol to be published this week. However, the agreement is unlikely to slow the rush to cut expensive branch networks, stressing that closures are ultimately commercial decisions.

Wholesale banking

BofE rapped over crisis management failings in RTGS breakdown

25 March 2015  |  2588 views  |  0 comments | 6 tweets | 2 linkedin

The Bank of England has been told it needs to improve contingency arrangements and strengthen its crisis management framework following an independent review of the ten-hour breakdown in the operation of the UK's high value payments system, Chaps, last year.

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