15 December 2017
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Latest retail banking news

Aspiration raises $47m for banking with a conscience

Aspiration raises $47m for banking with a conscience

13 December 2017  |  3056 views  |  0 comments | 1 tweets | 1 linkedin

Aspiration, a fintech startup pitching itself as a "financial firm with a conscience", has raised $47 million in a Series B funding round led by Social Impact Finance.

Banks and fintech startups join forces on blockchain-based supply chain pilot

Banks and fintech startups join forces on blockchain-based supply chain pilot

13 December 2017  |  6860 views  |  0 comments | 19 tweets | 20 linkedin

A group of banks and fintech startups are backing a pilot with Malawian tea farmers that will use blockchain technology to try to create more sustainable supply chains.

China UnionPay and banks create unified payments app

China UnionPay and banks create unified payments app

12 December 2017  |  5642 views  |  0 comments | 6 tweets | 8 linkedin

China UnionPay has teamed up with more than 30 local commercial banks and payment institutions to launch a unified app for the country's banking industry.

CBA to roll out 'tap-on-phone' contactless payments

CBA to roll out 'tap-on-phone' contactless payments

12 December 2017  |  3898 views  |  0 comments | 1 tweets | 9 linkedin

Commonwealth Bank of Australia business customers will soon be able to accept a payment by simply tapping their phone with a contactless card or mobile wallet.

Atos offers EUR4.3billion to buy out Gemalto

Atos offers EUR4.3billion to buy out Gemalto

12 December 2017  |  4657 views  |  0 comments | 6 tweets | 17 linkedin

French IT service group Atos has made an unsolicited offer to acquire Gemalto for EUR4.3 with the aim of creating a European powerhouse in cybersecurity and payments services.

State Street takes stake in PensionBee

State Street takes stake in PensionBee

12 December 2017  |  2437 views  |  0 comments | 2 tweets

The world's third largest asset manager, State Street Global Advisors (SSGA), has taken a strategic minority stake in UK fintech startup and online pension manager PensionBee.

FCA throws a spotlight on bank operational problems

FCA throws a spotlight on bank operational problems

12 December 2017  |  4154 views  |  1 comments | 8 tweets | 22 linkedin

UK banks will have to inform customers about the number of operational and security incidents they have been exposed to under new rules designed to improve competition in the retail banking market.

AmEx, HSBC and JPMorgan invest in Menlo Security

AmEx, HSBC and JPMorgan invest in Menlo Security

12 December 2017  |  3595 views  |  0 comments | 1 tweets | 7 linkedin

Financial services giants American Express, HSBC and JPMorgan Chase have all joined a $40 million Series C funding round for "malware isolation" outfit Menlo Security.

Stealthy Russian hacking group steals $10 million over two-year period

Stealthy Russian hacking group steals $10 million over two-year period

11 December 2017  |  4626 views  |  0 comments | 5 tweets | 9 linkedin

A previously unreported Russian-speaking crime ring has looted $10 million from 20 successful attacks on financial institutions and legal firms in the USA, UK and Russia over the past two years.

Chase bids to ignite mobile wallet at pop-up shopping village

Chase bids to ignite mobile wallet at pop-up shopping village

11 December 2017  |  3616 views  |  0 comments | 1 tweets | 2 linkedin

Chase has opened a pop-up shopping mall at the World Trade Centre complex in Manhattan in an effort to encourage consumers to try out its under-performing proprietary mobile wallet Chase Pay.

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