28 February 2015

Latest News

Retail banking

JPMorgan Chase creates $3 million prize pot for innovation challenge

24 February 2015  |  3289 views  |  0 comments | 15 tweets | 5 linkedin

JPMorgan Chase has stumped up $3 million in prize money to entice developers to build applications that directly address consumer debt and financial well-being.

Payments

Startup profile: VoguePay's African ambitions

24 February 2015  |  3319 views  |  0 comments | 6 tweets | 5 linkedin

With offices in Lagos and London, VoguePay is looking to build a payment processing bridge connecting Africa's one billion people to the global market. Founders Geoffrey Weli Wosu and Michael Simeon speak to Finextra about their startup.

Retail banking

Diebold takes 90-degree shift to counter ATM skimming

24 February 2015  |  2864 views  |  0 comments | 3 tweets | 10 linkedin

ATM manufacturer Diebold claims to have found the answer to skimming fraud with a new reader that requires users to insert their card sideways on to prevent the copying of data stored on the magnetic stripe.

Wholesale banking

Deutsche Bank and HP ink multi-billion dollar IT outsourcing pact

24 February 2015  |  3385 views  |  0 comments | 2 tweets | 2 linkedin

Deutsche Bank has signed a ten-year, multi-billion dollar deal to outsource a large chunk of its wholesale IT infrastructure to HP.

Mobile & online

Visa brings tokenisation to Europe; preps P2P/social media payments service

24 February 2015  |  6748 views  |  0 comments | 32 tweets | 27 linkedin

Visa Europe is to launch a tokenisation service customised for the European marketplace in mid-April in a move which would pave the way for the roll out of Apple Pay across the continent.

Retail banking

Google bids to breathe life into Wallet through telco partnership

23 February 2015  |  4355 views  |  0 comments | 21 tweets | 11 linkedin

Google is attempting to revive its flagging mobile wallet service by getting its app pre-installed on handsets sold by America's biggest telcos. In addition, the firm is buying technology from its telco-owned rival, Softcard, which looks set to be killed off.

Start ups

European alternative finance market breaks EUR2 billion barrier

23 February 2015  |  3418 views  |  0 comments | 14 tweets | 3 linkedin

The European alternative finance market as a whole grew by 144% last year – from €1,211m in 2013 to €2,957m in 2014, according to benchmarking research by the University of Cambridge.

Retail banking

Citi brings Mobile Challenge to Emea

23 February 2015  |  3330 views  |  0 comments | 7 tweets | 10 linkedin

As part of its Digital Acceleration Programme, Citi has invited entries from teams across Europe, the Middle East, and Africa for the next stage of its mobile development challenge.

Retail banking

Finextra Leadership: Tangerine's direct banking pioneer

23 February 2015  |  3690 views  |  0 comments | 5 tweets | 3 linkedin

As chief information officer at Canadian direct bank Tangerine, Charaka Kithulegoda is at the forefront of the drive to take financial services mobile. He talks to Finextra about how technology is changing the banking landscape.

Wholesale banking

FinTech Acquisition Corp builds $100 million war chest

20 February 2015  |  5002 views  |  0 comments | 9 tweets | 3 linkedin

A shell company formed for the purpose of acquiring a foothold in the hot fintech space has raised a $100 million war chest through an issue of ten million shares.

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