05 March 2015

Latest News

Post-trade & ops

Fintech fund Illuminate Financial invests in CloudMargin

25 February 2015  |  2508 views  |  0 comments | 5 tweets | 6 linkedin

Illuminate Financial, a fintech venture fund focused on the capital markets industry, has made its first investment since its launch last year, taking a stake in collateral management outfit CloudMargin.

Mobile & online

Wells Fargo launches credit score advice sites

25 February 2015  |  3172 views  |  0 comments | 3 tweets | 4 linkedin

US bank Wells Fargo has built a set of interactive websites designed to help users build and improve their credit.

Payments

JP Morgan Chase to close 300 branches as customers go mobile

24 February 2015  |  7333 views  |  9 comments | 23 tweets | 36 linkedin

With customer flocking to its mobile app, JPMorgan Chase is planning to close around 300 branches by the end of next year.

Mobile & online

Starling flight plans rocked by executive departures

24 February 2015  |  2768 views  |  0 comments | 8 tweets | 2 linkedin

The future of digital challenger bank Starling is in the balance after the departure of four senior members of the leadership team and a break in talks with one of its prospective investors.

Retail banking

JPMorgan Chase creates $3 million prize pot for innovation challenge

24 February 2015  |  3637 views  |  0 comments | 16 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.

Mobile & online

Startup profile: VoguePay's African ambitions

24 February 2015  |  3833 views  |  0 comments | 7 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.

Security

Diebold takes 90-degree shift to counter ATM skimming

24 February 2015  |  3281 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  |  3643 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  |  7752 views  |  0 comments | 33 tweets | 28 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.

Mobile & online

Google bids to breathe life into Wallet through telco partnership

23 February 2015  |  4599 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.

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