03 September 2014

Latest News

Retail banking

Square buys food delivery outfit Caviar

05 August 2014  |  2441 views  |  0

Payments firm Square is diversifying through the acquisition of San Francisco-based food delivery service Caviar. The deal is thought to be worth around $90 million in stock.

Post-trade & ops

Wall Street banks turn to messaging startup as Bloomberg alternative

04 August 2014  |  8840 views  |  0

A group of Wall Street banks, led by Goldman Sachs, are on the verge of buying a stake in instant messaging firm Perzo as they prepare to break free of their reliance on Bloomberg, according to Reuters.

Retail banking

Stripe backs Ripple founder's latest digital currency project

01 August 2014  |  3801 views  |  0

Mt. Gox and Ripple founder Jed McCaleb has unveiled Stellar, his latest stab at a decentralised payment network and digital currency. Payments firm Stripe has backed the project to the tune of $3 million.

Retail banking

Overstock ponders the possibility of a 'cryptosecurities' exchange

01 August 2014  |  4156 views  |  0

Online retailer Overstock is to explore the potential of using the technology behind bitcoin to create a decentralised exchange trading platform for corporate stocks issued as 'cryptosecurities'.


US govt warns retailers about new POS malware family

01 August 2014  |  4795 views  |  0

The US government has put out an alert warning retailers about a new family of malware, dubbed Backoff, targeting point-of-sale systems.

Wholesale banking

NAB appoints new tech overlord

01 August 2014  |  3195 views  |  0

NAB's new chief Andrew Thorburn has acted quickly to turn around the Australian bank's flagging tech transformation project, replacing enterprise services head Lisa Gray with Renee Roberts, former chief risk officer of NAB-owned Bank of New Zealand.


Finally, Sepa migration deadline day arrives

01 August 2014  |  5842 views  |  2

After a 15 year slog, the Single euro payments area (Sepa) hits a major milestone today with the full implementation for credit transfers and direct debits in the euro area.


Finextra Leadership: Life in the fast lane

01 August 2014  |  5452 views  |  1

Finextra talks to David Watson, global head of client access products for Deutsche Bank's global transaction banking business, about how the giant German bank is remodelling its technology platform to address the needs of a younger generation of digitally-savvy corporate treasury managers.

Mobile & online

UK Payments Council chief Kamellard quits

31 July 2014  |  3965 views  |  0

The UK Payments Council's chief executive, Adrian Kamellard, is quitting the bank-run organisation as it prepares to "refocus" ahead of the introduction of a new payments regulator.

Wholesale banking

Westpac appoints CBA core transformation architect as new CIO

31 July 2014  |  3556 views  |  0

Wetspac has appointed Dave Curran, the architect of neighbouring Commonwealth Bank's core banking transformation project, as its new chief information officer.

Wholesale banking

CLS hires Zschach as chief information officer

31 July 2014  |  2418 views  |  0

FX risk reduction utility CLS has hired Tom Zschach as its new chief information officer, taking over the reins from former incumbent Sankar Aiyar, who unexpectedly quit the unit in March, midway through a major IT upgrade.

Risk & regulation

CME Group to buy Trayport and Fenics from GFI Group

30 July 2014  |  3491 views  |  0

Exchange operator CME Group has agreed a deal to buy the Trayport and Fenics trading technology units from GFI Group in a deal worth around $655 million.


Square gears up for US EMV switch with chip card reader

30 July 2014  |  5188 views  |  0

Square has unveiled plans to launch a chip and signature version of its mPOS dongle as it prepares for America's upcoming switch to EMV.

Retail banking

Minnesota Twins test mobile photo app for card applications

30 July 2014  |  3559 views  |  0

US Bank is testing a new app which lets fans of the Minnesota Twins baseball team apply for a payments card by snapping a photo of their driver's license.

Retail banking

TD Bank scores viral hit with Automated Thanking Machine campaign

30 July 2014  |  9426 views  |  4

A marketing campaign in which Canada's TD Bank turned its ATMs into 'Automated Thanking Machines' that distributed gifts to customers has proved a viral hit, racking up more than two million YouTube views in less than a week.


Why Google Bank won't happen

30 July 2014  |  11783 views  |  7

Google won't launch a traditional bank because of the associated costs and regulation, but these hurdles won't stop the firm from redefining the future of financial services, according to a new Forrester report.

Wholesale banking

DTCC and banks form client data and documentation utility

29 July 2014  |  3283 views  |  0

The Depository Trust & Clearing Corporation (DTCC) has teamed up with six Wall Street banks to launch Clarient Entity Hub, a client data and documentation utility.

Retail banking

Brits back biometrics for banking authentication

29 July 2014  |  7550 views  |  8

More than half of Brits want their banks to integrate fingerprint biometric authentication technology into their digital services, according to a survey.


Nintendo brings NFC payments to Wii U in Japan

29 July 2014  |  3472 views  |  0

Japanese gamers can now buy the latest titles on Nintendo's eShop by tapping their contactless payment cards against their Wii U controllers.


PayPal brings Start Tank programme to London

29 July 2014  |  3665 views  |  1

PayPal is bringing its Start Tank programme to the UK, inviting the country's tech startups to apply for one of five chances to win a six month stint at its London offices.

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