31 March 2015

Latest News

Payments

Clydesdale Bank issues Britain's first plastic banknotes

23 March 2015  |  3507 views  |  3 comments | 12 tweets | 7 linkedin

The Clydesdale Bank has begun circulation of Britain's first plastic banknotes, with a limited edition run of two million £5 polymer notes.

Cards

Cash still dominates charitable giving

23 March 2015  |  2630 views  |  0 comments | 12 tweets | 5 linkedin

Two-thirds of charity donors used cash to donate in the past 12 months, despite the increasing availability of other forms of payment options, according to the annual Halifax Giving Monitor review.

Risk & regulation

UK govt scraps payments system for farmers due to performance problems

23 March 2015  |  2500 views  |  4 comments | 2 tweets | 3 linkedin

The Department for Environment, Food and Rural Affairs, Defra, is enduring a series of embarrassing headlines after its £154 million system to process farmers' EU subsidy payments has been largely abandoned following a number of problems with its online interface.

Wholesale banking

Six undertakes hackathon talent challenge for new fintech incubator

20 March 2015  |  4863 views  |  2 comments | 9 tweets | 7 linkedin

Swiss financial infrastructure provider SIX Group is running a weekend hackathon with a view to acquiring new talent ahead of the launch of a fintech incubator in May.

Retail banking

Sabadell agrees £1.7 billion takeover of TSB

20 March 2015  |  3234 views  |  0 comments | 5 tweets | 6 linkedin

Banco Sabadell is making its first play for a European business outside of its home territory as Lloyds agrees to sell 50% of TSB to the Spanish bank.

Cards

US lawmakers form payments technology caucus

20 March 2015  |  5432 views  |  0 comments | 14 tweets | 12 linkedin

A bipartisan group of US House of Representatives members have formed a caucus to investigate payment technologies.

Retail banking

Westpac commits $40m to rural branch network refresh

20 March 2015  |  2681 views  |  1 comments | 4 tweets | 1 linkedin

Australia's Westpac is preparing to pump $40 million over the next two years into a tech-heavy refresh of its rural branches.

Wholesale banking

Sixty startups compete for place at Innotribe Startup Challenge finale

19 March 2015  |  2816 views  |  0 comments | 16 tweets

Innotribe, the innovation arm of financial messaging network Swift, has shortlisted 60 companies from a record 370 early-stage and growth-stage startup applicants to participate in its 2015 Startup Challenge.

Wholesale banking

Future Money Focus: Robert Sams, Clearmatics

19 March 2015  |  2886 views  |  0 comments | 6 tweets | 1 linkedin

An ex-hedge fund manager who spent a decade trading interest rate derivatives is now jumping headfirst into the world of the blockchain with his newest venture, Clearmatics, a clearing and settlement technology for financial OTC markets based on a distributed ledger.

Payments

UK govt pushes cash deposit ATMs

19 March 2015  |  4523 views  |  4 comments | 12 tweets | 9 linkedin

With branch numbers dwindling, the UK government wants to ensure that all Brits have access to ATMs where they can not only withdraw, but deposit, cash. Meanwhile, a London politician is calling for cash machines to be upgraded so that they can be used by rape victims to alert police.

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