29 March 2017
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FCA TechSprint tackles financial services and mental health
Payments

FCA TechSprint tackles financial services and mental health

7 hours ago  |  1211 views  |  0 comments

Helping people with mental health problems was on the agenda for developers attending the UK Financial Conduct Authority's latest TechSprint app development challenge earlier this month.

Nordea prepares for the robot future with virtual employees
Retail banking

Nordea prepares for the robot future with virtual employees

8 hours ago  |  1196 views  |  0 comments | 7 tweets | 1 linkedin

The robots are coming, so says Nordea, which has already 'hired' a host of 'virtual employees' to take on repetitive tasks and is planning to introduce smarter, AI-based colleagues in the near future.

IBM, Natixis and Trafigura team on blockchain platform for oil trades
Trade execution

IBM, Natixis and Trafigura team on blockchain platform for oil trades

12 hours ago  |  2537 views  |  0 comments | 3 tweets | 6 linkedin

Commodities trading house Trafigura and French bank Natixis are working with IBM to test the use of blockchain technology for settling US crude oil transactions.

Square arrives in the UK
Payments

Square arrives in the UK

20 hours ago  |  3323 views  |  0 comments | 13 tweets | 11 linkedin

Mobile POS pioneer Square has launched in the UK, it's fifth market globally.

Moven strikes gold with TD Bank licensing extension
Start ups

Moven strikes gold with TD Bank licensing extension

21 hours ago  |  3720 views  |  0 comments | 13 tweets | 13 linkedin

Digital-only neobank Moven has announced a five-year extension of its money management app tech licensing deal with Canada's TD Bank, in a move which is expected to fund the business to the tune of more than $20m over the next two years alone.

Danish banks add Dankort payments to mobile wallets
Cards

Danish banks add Dankort payments to mobile wallets

21 hours ago  |  2813 views  |  0 comments | 2 tweets | 4 linkedin

The 62 co-operative and savings banks that form the Bokis banking collective have become the first in Denmark to offer mobile payments using Dankort, the national debit and credit card.

Bloomberg terminal base shrinks in 2016
Risk & regulation

Bloomberg terminal base shrinks in 2016

22 hours ago  |  4072 views  |  0 comments | 9 tweets | 10 linkedin

While Bloomberg continued to command the lion's share of financial market spending on data, analysis and news in 2016, the firm saw its terminal user base shrink for only the second time in its 36-year history.

Nordea strikes mobile money deal with fintech startup Betalo
Payments

Nordea strikes mobile money deal with fintech startup Betalo

22 hours ago  |  4321 views  |  0 comments | 18 tweets | 13 linkedin

Exemplifying the ongoing trend for large banks to join forces with smaller fintech companies, Stockholm-based Betalo has struck a deal with Nordea to offer its mobile money service to the bank's 1.8 million private customers.

The pound will not be round, or maybe around, for much longer
Retail banking

The pound will not be round, or maybe around, for much longer

28 March 2017  |  3159 views  |  2 comments | 4 tweets | 7 linkedin

As the new 12-sided £1 coin enters circulation, a survey shows that a third of Brits think that cash will be obsolete within just three years.

US Supreme Court rejects effort to revive $5.7bn interchange settlement
Retail banking

US Supreme Court rejects effort to revive $5.7bn interchange settlement

27 March 2017  |  3662 views  |  0 comments | 6 tweets | 10 linkedin

The US Supreme Court has refused to revive a $5.7 billion class action settlement between millions of retailers and Visa and MasterCard over interchange fees.

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