22 December 2014

Latest News

Payments

Citi to launch global accelerator programme

02 December 2014  |  7305 views  |  0

Citi Ventures is partnering with Californian accelerator Plug and Play to launch a global fintech innovation programme, with locations in the US, Germany, Singapore, Brazil and Spain.

Mobile & online

Scotiabank launches quick balance app for Samsung smartwatches

02 December 2014  |  4273 views  |  1

Customers of Canada's Scotiabank can now check their account balances with a quick glance at their wrists, as the bank unveils a new app for the Samsung Gear range of smartwatches.

Security

Hackers infiltrating public companies to gain an edge on Wall Street

02 December 2014  |  2771 views  |  0

Cyber crime tracking outfit FireEye has alerted the FBI to an undergound hacking collective called FIN4, whose intrusions appear to be primarily motivated at gaining an edge in stock market trading.

Retail banking

Tax treatment entices Aussie bitcoin startup to relocate to UK

01 December 2014  |  2620 views  |  0

Australia's largest Bitcoin company CoinJar is moving its headquarters to the UK to take advantage of a more favourable regulatory regime.

Retail banking

ABN Amro signs multi-billion dollar outsourcing deal with IBM

01 December 2014  |  5385 views  |  0

ABN Amro has signed a 10-year, multi-billion dollar services agreement with IBM to manage the IT infrastructure that supports the bank’s operations globally.

Retail banking

Coutts and Barclays to roll out video banking services

01 December 2014  |  5587 views  |  1

Barclays and Coutts are to enter a new era of financial advisory service with the roll-out of face-to-face video platforms to connect customers to banking experts from their mobile or desktop.

Wholesale banking

FinLeap aims to create hit factory for fintech startups

01 December 2014  |  5619 views  |  0

The financial technology world is to get its first 'startup factory' with the launch by incubation platform HitFox Group of FinLeap in Berlin and San Francisco.

Mobile & online

Moven wins app licensing deal with TD Bank

01 December 2014  |  4435 views  |  0

Canada's Toronto Dominion Bank is to license mobile financial management software from banking startup Moven to enable customers to track their spending on the move.

Wholesale banking

Route 66: 'The six things fintech investors are looking for'

28 November 2014  |  8079 views  |  0

Investment firm Route 66 Ventures says that fintech entrepreneurs seeking funding for fresh innovations in banking should focus their efforts on the development of crypto-business models, asset management, alternative lending, and bank API, mobile payments and digital channels.

Payments

Black is not the only way to describe Friday says Santander

28 November 2014  |  4098 views  |  0

As an antidote to the shopping frenzy that characterises the day after Thanksgiving in the US, Banco Santander has taken a refreshingly different approach with a campaign that encourages people to avoid the crush at the malls and instead spend more time with family and friends.

Wholesale banking

Johnson flies the flag for London's fintech sector

28 November 2014  |  9834 views  |  0

London has cemented its position as a world leader in financial technology, with companies in the capital attracting more than US$539 million in venture capital investment so far this year – triple the amount raised in 2013 and more than half of all fintech investment across Europe.

Retail banking

Skrill adds scale in pre-paid with plans to acquire Ukash

27 November 2014  |  7503 views  |  0

Skrill Group is to acquire Ukash, a UK-based electronic money system that allows users to exchange their cash for a secure code to make payments online.

Retail banking

Man goes on ATM rampage after machine rejects his card

27 November 2014  |  5595 views  |  3

In an uncontrollable fit of ATM rage, a Chinese man took a hammer to nine cash machines in the City of Guangzhou after his bank card was rejected.

Payments

Monitise gets £49.2 million boost from Santander, Telefonica and IBM

27 November 2014  |  13018 views  |  1

Santander, Telefonica and MasterCard are to invest £49.2 million in Monitise, providing a welcome boost to the London-based mobile money outfit after Visa decided to sell off its stake in the company.

Retail banking

Clinkle entices students with vending machine full of free cash

26 November 2014  |  4349 views  |  0

Much derided mobile payments startup Clinkle has unveiled its customer acquisition strategy: bribing students with $20 bills from a vending machine stuffed with cash.

Cards

Discover fires lawsuit alleging anti-competitive practices at Visa

26 November 2014  |  3963 views  |  3

Discover has filed a lawsuit accusing rival card scheme Visa of anti-competitve practices in its debit card business.

Retail banking

Retailers to beam offers to passengers travelling on Norwich buses

26 November 2014  |  4105 views  |  0

UK transport company FirstGroup has deployed bluetooth low energy beacons on buses in Norwich to deliver messages and discounts from local retailers to passenger smartphones as they travel through the city.

Mobile & online

Danish telcos sell m-payments venture to bank-owned rival

26 November 2014  |  6680 views  |  0

Swipp, a mobile payments service owned by a consortium of Danish banks, has acquired Paii, a rival outfit formed by a group of telcos.

Payments

Twitter lets users add coupons to cards for in-store redemption

25 November 2014  |  3936 views  |  0

In its latest foray into the commerce sphere, Twitter is testing a feature that lets users add discounts from advertisers on the social network to their payment cards.

Mobile & online

Crédit Agricole joins French bank-run e-payments service

25 November 2014  |  5849 views  |  1

Paylib, a PayPal-style online payment system set up last year by French banks, is extending its reach thanks to the addition of Crédit Agricole as a member and a deal with MasterCard that will let people use the service abroad.

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