24 April 2017
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Token raises $15.7 million as PSD2 approaches
Payments

Token raises $15.7 million as PSD2 approaches

4 hours ago  | 0 comments | 6 tweets | 7 linkedin

API-based transaction network Token has secured $15.7 million in Series A funding from major investors including Octopus Ventures, EQT Ventures and OP Financial Group as it bids to capitalise on opportunities from the forthcoming implementation of the PSD2 directive in Europe.

Flux aims to re-imagine paper receipts
Mobile & online

Flux aims to re-imagine paper receipts

3 hours ago  | 1 comments | 4 tweets | 8 linkedin

Flux, a fintech startup founded by three of the first four employees of money transfer firm Revolut, has begun pilot trials of a service to convert paper til receipts to mobile data services in partnership with retail chains Eat and Bel-Air and digital challenger bank Monzo.

The National Bank of Canada has acquired a 22% stake in Ongo, a mobile money service with big plans for expansion in Myanmar.

The National Bank of Cambodia is teaming up with distributed ledger technology specialist Soramitsu to develop the use of the Hyperledger Iroha software framework for a possible new payment infrastructure.

Russian hacker sentenced to 27 years in US prison
Retail banking

Russian hacker sentenced to 27 years in US prison

21 April 2017  | 0 comments | 3 tweets | 11 linkedin

The son of a Russian lawmaker has been sentenced to 27 years in a US prison for hacking into retail POS systems and stealing millions of credit card numbers which he then sold on to other crooks.

EC plans blockchain 'observatory'
Risk & regulation

EC plans blockchain 'observatory'

21 April 2017  | 0 comments | 6 tweets | 13 linkedin

The European Commission is pumping EUR500,000 into a blockchain and distributed ledger technology 'observatory' and forum to help it build up its knowledge and expertise on the subject.

Features and analysis

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Plastc goes into meltdown
Start ups

Plastc goes into meltdown

21 April 2017  | 2 comments | 11 tweets | 6 linkedin

Plastc, an all-in-one card and mobile app that promised to put an end to bulging wallets and revolutionise the way we pay, has filed for bankruptcy three years after launch without shipping a single product.

European Central Bank seeks DLT project lead
Wholesale banking

European Central Bank seeks DLT project lead

21 April 2017  | 0 comments | 1 tweets | 10 linkedin

The European Central Bank is in the market for a senior technology executive with three years of practical experience in distributed ledger applications and front and back office project management expertise.

BBVA runs live funds transfers over Ripple
Blockchain

BBVA runs live funds transfers over Ripple

21 April 2017  | 0 comments | 29 tweets | 19 linkedin

BBVA has run its first live cross-border transaction using the Ripple protocol.

Barclays Bank says it wants to find the next Paypal after selecting the second cohort of 10 companies to participate in its African accelerator programme.

Latest company announcements

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