21 October 2014

Latest News

Mobile & online

FCA examines move to full bank account portability

01 October 2014  |  4044 views  |  2

The UK's Financial Conduct Authority will explore the introduction of full bank account portability as part of a review into the country's existing current account switching service.

Virtual currency

Reddit ponders own cryptocurrency to distribute shares to community

30 September 2014  |  3413 views  |  0

After closing a $50 million funding round, Reddit could create its own cryptocurrency as a way of handing over shares in the platform to its massive user-base.

Payments

Yodlee Interactive adds location-based insight to financial data API

30 September 2014  |  3292 views  |  0

Yodlee Interactive is launching a private beta programme that will marry its transactional data with geo-location information in an effort to make app offerings more personalised.

Start ups

Dwolla looks to new markets after CME Group investment

30 September 2014  |  3279 views  |  0

Dwolla has raised $9.7 million in a funding round led by exchange operator CME Group in a move that signals the digital payments startup's intentions to move beyond the retail world.

Start ups

$10 million startup fund aims at Stripe ecosystem

30 September 2014  |  2970 views  |  0

General Catalyst Partners is to invest $10 million in venture capital for market-changing businesses and applications built on the Stripe Connect platform.

Wholesale banking

BofA Merrill Lynch lets firms use mobile numbers to pay customers

30 September 2014  |  4043 views  |  1

Bank of America Merrill Lynch is tapping the technology behind its P2P payments service to launch a system that lets companies send money directly to customers' accounts using their mobile number or email address.

Payments

EBay and PayPal to split

30 September 2014  |  4628 views  |  0

EBay is to spin off Paypal into a publicly traded company in 2015 and has appointed American Express executive Dan Schulman as president and CEO of the payments business in anticipation of the move.

Retail banking

Payments industry challenged by soaring growth in non-cash transactions

30 September 2014  |  7280 views  |  0

Non-cash payments volumes are expected to increase by nearly 10% percent to reach 366 billion transactions in 2013, fueled by strong growth in developing markets and mobile payments, according to the 10th annual World Payments Report from Capgemini and Royal Bank of Scotland (RBS).

Wholesale banking

FS firms gear up for .bank domains

30 September 2014  |  3572 views  |  0

Financial services firms will be able to use '.bank' domains from next year after a collection of industry organisations struck a deal with Icann.

Cards

Deutsche Bundesbank and EBA Clearing team on XML-based card clearing service

30 September 2014  |  2819 views  |  0

Germany's central bank is working with EBA Clearing to build a new XML-based infrastructure for clearing debit card transactions for the country's financial institutions.

Risk & regulation

Swift offers one year free access to KYC Registry

29 September 2014  |  3972 views  |  0

Swift will give free access to its new KYC Registry throughout 2015 to banks that contribute their own data to the service.

Retail banking

Banks shut branches and ATMs as Hong Kong unrest grows

29 September 2014  |  2317 views  |  0

Several banks in Hong Kong, including Standard Chartered, have shut down branches and ATMs and advised customers to use online and mobile services, as tensions between pro-democracy demonstrators and police on the island grow.

Retail banking

NatWest and RBS to launch accelerator hubs for entrepreneurs

29 September 2014  |  2642 views  |  0

NatWest and RBS are to open a network of eight new business accelerator hubs offering free workspace, hands on mentoring, a start up 'bootcamp' and a free programme of up to 18-months of advice, support and funding clinics for budding entrepreneurs.

Retail banking

Isbank implements TouchID for mobile banking on the iPhone

29 September 2014  |  3503 views  |  0

Turkey's Isbank has enabled Apple's TouchID fingerprint log-in for mobile banking on the iPhone.

Retail banking

Misys on the block as Vista Equity Partners agrees Tibco acquisition

29 September 2014  |  9260 views  |  0

Vista Equity Partners is seeking buyers for core banking supplier Misys after agreeing a $4.3 billion deal to acquire business process software firm Tibco.

Payments

POS manufacturer breach puts cards at risk

29 September 2014  |  3974 views  |  1

Some 324 restaurants across the United States have had card data swiped following a breach at POS manufacturer Signature Systems.

Retail banking

ASB Bank sets up API portal

29 September 2014  |  2760 views  |  0

New Zealands ASB Bank is to release a public-facing API framework and portal to share access to real-time banking data with third party developers.

Payments

Facebook enlists Stripe for 'buy' button

26 September 2014  |  6782 views  |  0

Already working with Twitter, startup Stripe has been named as the payments power behind Facebook's new 'buy' button.

Virtual currency

Bitcoin to make big splash at Sibos and Money20/20

26 September 2014  |  6490 views  |  0

Bitcoin values may be languishing at the $400 mark, but financial services interest in the crypto-currency shows no signs of abating, with two of the biggest shows in the banking calendar - Sibos and Money20/20 - devoting significant airtime to the technology.

Retail banking

Big Data firm Context Relevant secures funding; signs BofA and Goldman as clients

26 September 2014  |  5041 views  |  0

US-based risk analytics outfit Context Relevant has completed $13.5 million in Series B-1 funding and signed strategic partnerships with Bank of America Merrill Lynch and Goldman Sachs.

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