06 May 2015

Latest News

PayPal founder Levchin raises $275m for lending startup
Cards

PayPal founder Levchin raises $275m for lending startup

4 hours ago  |  1288 views  |  0 comments | 8 tweets | 2 linkedin

Affirm, a fintech startup led by Paypal co-founder Max Levchin that lets online merchants advance credit to consumers at the point of sale, has raised $275 million in debt and equity financing.

02 buys out partners in Weve consortium
Mobile & online

02 buys out partners in Weve consortium

7 hours ago  |  1561 views  |  1 comments | 3 tweets | 4 linkedin

O2 has bought out its partners in the Weve mobile commerce consortium and will run the business as a standalone subsidiary.

Finra backtracks as opposition to Cards projects mounts
Post-trade & ops

Finra backtracks as opposition to Cards projects mounts

7 hours ago  |  972 views  |  0 comments | 1 tweets | 1 linkedin

In the face of fierce opposition from industry bodies, Wall Street watchdog Finra appears to be backtracking on proposals to introduce an automated data collection system designed to help identify risky and suspicious activities.

US authorities throw the book at Ripple Labs
Payments

US authorities throw the book at Ripple Labs

8 hours ago  |  2456 views  |  0 comments | 19 tweets | 9 linkedin

Ripple Labs has been fined $700,000 by the US Financial Crimes Enforcement Network (FinCEN) in the first successful civil enforcement action against a virtual currency exchange.

MasterCard targets startup vibe with relaxed dress code
Start ups

MasterCard targets startup vibe with relaxed dress code

17 hours ago  |  2814 views  |  0 comments | 5 tweets | 3 linkedin

With Silicon Valley threatening to eat its lunch, MasterCard is hoping to bring a little startup cool to its headquarters by inviting staffers to ditch their suits for jeans and sneakers.

European lawmakers agree revised Payments Services Directive
Retail banking

European lawmakers agree revised Payments Services Directive

23 hours ago  |  4590 views  |  1 comments | 23 tweets | 24 linkedin

European lawmakers have reached an informal agreement on a revised Payment Services Directive (PSD2) designed to boost competition and innovation while improving consumer protections.

Visa preps commercial UK launch for V.me digital wallet
Mobile & online

Visa preps commercial UK launch for V.me digital wallet

05 May 2015  |  3041 views  |  0 comments | 8 tweets | 15 linkedin

Visa Europe has secured the backing of a number of major UK banks and retailers for a widespread summer rollout of its V.me digital wallet for online shopping.

BBVA restructures to achieve 'digital transformation'
Retail banking

BBVA restructures to achieve 'digital transformation'

05 May 2015  |  4635 views  |  1 comments | 29 tweets | 19 linkedin

BBVA has named digital banking head Carlos Torres Vila as president & COO and charged him with responsibility for leading a fresh management team for which technology transformation is identified as the bank's "main strategic priority".

Goldman eyes digital banking opportunity
Wholesale banking

Goldman eyes digital banking opportunity

05 May 2015  |  3282 views  |  0 comments | 17 tweets | 14 linkedin

Goldman Sachs has hired former Discover card services executive Harit Telwar to head up a new digital banking unit, taking its cue from the swathes of fintech startups that are using technology-led services to penetrate one-time banking strongholds in lending to customers and small businesses.

Christian Aid encourages mobile donations with interactive TV ad
Retail banking

Christian Aid encourages mobile donations with interactive TV ad

05 May 2015  |  2268 views  |  0 comments | 3 tweets | 1 linkedin

Christian Aid is set to broadcast an interactive TV advert that uses audiotagging technology to make it easy for viewers to donate to the charity through their mobile phones.

US shift to EMV gathers momentum
Security

US shift to EMV gathers momentum

04 May 2015  |  3777 views  |  1 comments | 12 tweets | 13 linkedin

America will have finally completed the shift to EMV chip cards by the end of 2017, according to a trade body set up to push the migration from magstripe plastic.

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