31 August 2016
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Hackers hit Oracle Micros POS unit
Payments

Hackers hit Oracle Micros POS unit

09 August 2016  |  4241 views  |  0 comments | 6 tweets | 8 linkedin

Oracle is warning users of its Micros POS payments technology of a data breach which saw malicious code installed on its systems.

US debit chips disappoint; mobiles expected to blossom
Retail banking

US debit chips disappoint; mobiles expected to blossom

09 August 2016  |  4668 views  |  2 comments | 11 tweets | 8 linkedin

America's move to EMV is being hampered by slow merchant adoption, with chip cards accounting for just four per cent of all debit transactions, according to research from the Pulse network.

Australia sets up cyber crime unit
Risk & regulation

Australia sets up cyber crime unit

09 August 2016  |  5786 views  |  0 comments | 18 tweets | 9 linkedin

The Australian Government has set up a specialist cyber-intelligence unit to crack down on terrorist financing, money laundering and online payment fraud.

Bats to launch European block trading venue
Trade execution

Bats to launch European block trading venue

09 August 2016  |  2933 views  |  0 comments | 3 tweets | 3 linkedin

Bats Europe is to license technology from US block trading venue Bids to launch a new service for the European equity market.

CMA pins hopes on technology revolution to shake up UK banking
Retail banking

CMA pins hopes on technology revolution to shake up UK banking

09 August 2016  |  5400 views  |  1 comments | 22 tweets | 6 linkedin

The UK's Competition and Markets Authority is relying on a technological revolution driven by the introduction of Open APIs to kick start competition in the UK market for personal and business bank accounts, following a two-year investigation into the sector.

US Marshals to auction off $1.6m in Bitcoin
Retail banking

US Marshals to auction off $1.6m in Bitcoin

09 August 2016  |  4671 views  |  0 comments | 5 tweets | 1 linkedin

The United States Marshals Service is set to auction off 2700 Bitcoin, currently worth around $1.6 million, that were obtained during various cases related to the Silk Road dark web marketplace.

Finra fines Deutsche Bank for 'Squawk Box' failures
Risk & regulation

Finra fines Deutsche Bank for 'Squawk Box' failures

08 August 2016  |  4570 views  |  0 comments | 4 tweets | 3 linkedin

Deutsche Bank has been slapped with a $12.5 million fine for failing to prevent the dissemination of confidential information over its 'squawk box' internal speaker system.

Mondo hits £20 million customer spend
Mobile & online

Mondo hits £20 million customer spend

08 August 2016  |  5950 views  |  0 comments | 21 tweets | 12 linkedin

Digital challenger bank, Mondo, has reached a £20 million spend on its mobile app just four months after moving in to a public Beta phase.

Innotribe expands at Sibos as innovation chat moves centre stage
Transaction banking

Innotribe expands at Sibos as innovation chat moves centre stage

08 August 2016  |  5816 views  |  1 comments | 12 tweets | 8 linkedin

Innotribe, the innovation arm of Swift, is expanding its capacity at the messaging co-operative's annual Sibos jamboree by 50%, but don't expect any chat about distributed ledger technologies, which has now been swallowed up by the mainstream event.

Bitfinex looks for fresh funding; spreads losses across all user acounts
Payments

Bitfinex looks for fresh funding; spreads losses across all user acounts

08 August 2016  |  2972 views  |  0 comments | 2 tweets | 4 linkedin

Hacked Hong Kong bitcoin exchange Bitfinex is looking to raise fresh funding to compensate users who lost out as a result of a $71 million currency theft last week. In the interim, the exchange is sharing the losses across its entire user community, carving a 36% chunk out of all depositor credits.

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