28 February 2017
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Ogden takes the wraps off ClearBank
Payments

Ogden takes the wraps off ClearBank

5 hours ago  | 0 comments | 3 tweets | 10 linkedin

Worldpay founder Nick Ogden has taken the wraps off ClearBank, the first new UK agency and clearing bank to be created in over 250 years.

Monzo blows past £2.5 million crowdfunding target
Start ups

Monzo blows past £2.5 million crowdfunding target

57 minutes ago  | 0 comments | 2 tweets | 1 linkedin

UK challenger bank Monzo surpassed its crowdfunding target raise of £2.5 million within four hours of opening for pre-registration.

Japan Exchange Group and the Tokyo Stock Exchange are looking to bring artificial intelligence to bear on determining abusive trading practices in market surveillance operations.

Reflecting the growing trend for banks to partner with young technology companies, Spain's Banco Sabadell is highlighting its activity in the entrepreneurial ecosystem over the past three years, supplying funding for 2300 growth companies and investing EUR96 million in startups.

Swiss financial services group Baloise has committed CHF50 million with UK venture capital fund Anthemis to help source, execute and manage investments in startups across Europe, the UK and the US.

Brits warm to mobile tap and pay
Cards

Brits warm to mobile tap and pay

14 hours ago  | 0 comments | 12 tweets | 10 linkedin

Hurried workers grabbing lunch on the go and relaxing with an end-of-day pint are behind rising UK mobile contactless payment numbers, according to Worldpay.

Features and analysis

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Following a successful proof-of-concept, the Depository Trust & Clearing Corporation (DTCC) is pushing ahead with plans for a distributed ledger-based system for the clearing and settlement of US repurchase agreements (repos).

HSBC and Barclays customers hit by technical problems
Mobile & online

HSBC and Barclays customers hit by technical problems

27 February 2017  | 0 comments | 7 tweets | 8 linkedin

After a weekend which saw many Barclays customers unable to make instore payments and ATM withdrawals, today it was the turn of HSBC business banking clients to suffer, locked out of their accounts online.

Santander is to equip 11,000 employess with iPhones running IBM MobileFirst for iOS apps, using real-time enterprise data to improve customer engagement.

Mastercard is to expand its mobile order ahead programme to Brazil, Canada, Ireland, Singapore, South Africa and the US.

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