21 December 2014

Latest News

Retail banking

VC investment in payments sector reaches all-time high

09 December 2014  |  5084 views  |  0

Venture capital investment in European payment companies is at an all-time high, as a shift in consumer behaviour to online and mobile channels blows the market wide open for smart startups.

Wholesale banking

Banks should focus digital investments on back office - McKinsey

09 December 2014  |  7130 views  |  3

Banks looking for a pay-off from investments made in digital processes should focus on back office automation projects and steer clear of multi-channel integration, according to research from McKinsey.

Wholesale banking

Immediate payments 'next frontier' for European integration - ECB

09 December 2014  |  9077 views  |  1

With progress towards a single euro payments area well in train, the European Central Bank has identified instant payments with immediate availability of funds as the industry's next frontier for harmonisation and cross-border collaboration.

Security

Symantec called in to verify .bank domain applicants

09 December 2014  |  3918 views  |  0

Symantec has been chosen by fTLD Registry Services to verify firms looking to get their hands on the new .bank and .insurance generic top-level domains.

Mobile & online

Bank-backed QR code-based mobile payments app launches in Belgium

08 December 2014  |  7720 views  |  3

A QR code-based mobile wallet that can be used for in-store, in-app, online and P2P payments has launched in Belgium with the backing of the country's major banks.

Retail banking

MasterCard and CIBC join $70m Dynamics funding round

08 December 2014  |  3522 views  |  0

MasterCard and Canadian bank CIBC have joined a $70 million series c funding round for Dynamics, an American outfit that makes "interactive" payment cards with buttons that users press to access different features.

Payments

Faster Payments to ease access for PSPs and tech companies

08 December 2014  |  7392 views  |  2

The UK's Faster Payments scheme has issued proposals for a new access model that could open up the platform to challenger banks and technology companies who want to remain at the forefront of the real-time payments revolution.

Retail banking

Data science to the fore in UBS Innovation Challenge

08 December 2014  |  3237 views  |  0

A Singaporean data science company has bagged a S$40,000 prize and a chance to work with one the world's largest banks after triumphing in an Innovation Challenge set by UBS.

Payments

Barclays extends cheque imaging pilot to one million customers

05 December 2014  |  17917 views  |  2

Ahead of Christmas, Barclays is giving one million customers the ability to pay in cheques remotely by taking photographs with their phones.

Payments

Retailer bebe suffers card security breach

05 December 2014  |  5799 views  |  0

Women's clothes retailer bebe stores says that its payments processing system was hit by hackers last month, putting customer card data at risk.

Retail banking

Bitcoin's Black Friday 'bonanza'

05 December 2014  |  6193 views  |  0

While bitcoin's advance into the mainstream remains patchy, the crypto-currency still emerged as the ninth most popular payment method during the Black Friday and Cyber Monday shopping frenzy earlier this week.

Security

Westpac to debut fingerprint access for mobile banking

05 December 2014  |  5923 views  |  1

Customers of Westpac will soon be able to call up access to their bank applications on Apple and Samsung mobile devices by logging in with a fingerprint.

Retail banking

NAB to hold cloud computing hackathon

05 December 2014  |  5081 views  |  0

National Australia Bank is opening up its API to developers inside and outside the bank for a one-day cloud computing hackathon, dubbed iDay, this coming weekend.

Mobile & online

Monitise signs Virgin Money

05 December 2014  |  4838 views  |  0

Recently-floated Virgin Money has struck a seven-year agreement with Monitise to develop a suite of digital, mobile banking services.

Mobile & online

Japanese messaging outfit Line launches m-payments service

05 December 2014  |  3882 views  |  1

Japanese messaging giant Line is rolling out its mobile payments service for online and in-store transactions to users around the world.

Payments

India's central bank calls for mobile adoption drive

05 December 2014  |  3625 views  |  0

India's banks are being urged to embark on a campaign to collect customer mobile phone numbers to help boost the country's so far sluggish take-up of m-banking services.

Retail banking

Atom Bank secures £25 million funding round

04 December 2014  |  4439 views  |  0

Digital-only Atom Bank has secured £25 million in funding and plans to recruit 30 new staff as it bids to take on the established banking industry.

Start ups

NAB gamifies product development testing with BugWolf

04 December 2014  |  3143 views  |  0

NAB has partnered with Melbourne-based technology start-up Bugwolf in a new way of testing out projects in the development phase, while deepening its ties to the local start-up scene.

Transaction banking

Ripple to plug into Earthport payment network

04 December 2014  |  7657 views  |  0

Ripple Labs is to plug its real-time settlement protocol into the Earthport payment hub, opening new channels to market for the open source transaction technology.

Retail banking

Mexican fintech accelerator launches; MasterCard to open East African financial inclusion lab

04 December 2014  |  4523 views  |  0

Mexican fintech startups working to bring financial services to the country's underbanked are being invited to apply for a new accelerator programme and the chance to secure $50,000.

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