23 August 2017
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Mobile contactless spending accelerating in UK
Cards

Mobile contactless spending accelerating in UK

17 August 2017  |  12993 views  |  1 comments | 28 tweets | 23 linkedin

Mobile tap-and-pay spending is accelerating on the high street, spurred by the growing popularity of contactless payments at the point-of-sale, according to new data from Worldpay.

CIBC severs ties with President's Choice; launches new direct banking brand
Retail banking

CIBC severs ties with President's Choice; launches new direct banking brand

17 August 2017  |  5540 views  |  0 comments | 4 tweets | 2 linkedin

Canada's CIBC is cutting ties with Loblaw groceries President's Choice Financial and moving its nearly two million accounts to Simplii Financial, a new direct banking brand for clients who want no-fee daily banking through online, mobile and telephone channels

Barclays customers to suffer Web blackouts until the end of the year
Mobile & online

Barclays customers to suffer Web blackouts until the end of the year

16 August 2017  |  7450 views  |  0 comments | 8 tweets | 6 linkedin

Barclays Bank is warning customers to expect regular weekend blackouts of online, phone and mobile banking services for the rest of the year as it prepares to separate its wholesale and retail banking business to comply with UK ring-fencing rules.

Urban FT throws a lifeline to Digiliti Money
Retail banking

Urban FT throws a lifeline to Digiliti Money

16 August 2017  |  4347 views  |  0 comments | 1 linkedin

Urban FT has emerged as a surprise bidder for Digiliti Money, just a day after the beleaguered remote deposit capture company warned that it was contemplating bankruptcy after auditors refused to sign off on its financial accounts for 2016.

Options lands $100 million PE investment
Trade execution

Options lands $100 million PE investment

16 August 2017  |  4685 views  |  0 comments | 5 tweets | 4 linkedin

UK capital markets technology outfit Options has scored a significant $100 million investment from New York-based private equity house Bregal Sagemount.

Earnest to create 500 jobs in Utah move
Retail banking

Earnest to create 500 jobs in Utah move

16 August 2017  |  6028 views  |  0 comments

San Francisco-based fintech startup Earnest is opening a second location in Utah, adding up to 500 jobs to the community and $5.6 million in capital investment over the next five years.

Digital pocket money startup Spriggy secures A$2.5 million funding
Payments

Digital pocket money startup Spriggy secures A$2.5 million funding

16 August 2017  |  6727 views  |  0 comments | 3 tweets | 2 linkedin

Spriggy, an Australian startup that has developed a mobile pocket money app and linked card account, has raised a $2.5 million funding round.

As customer service goes digital, Capital One axes 400 call centre jobs
Mobile & online

As customer service goes digital, Capital One axes 400 call centre jobs

16 August 2017  |  5268 views  |  1 comments | 8 tweets | 7 linkedin

The shift to digital support tools at Capital One is set to cost the jobs of nearly 400 Chicago call centre staffers.

RBS to cut 880 London IT jobs - union
Retail banking

RBS to cut 880 London IT jobs - union

15 August 2017  |  4917 views  |  0 comments | 5 tweets | 9 linkedin

The Royal Bank of Scotland is planning to cut nearly 900 technology jobs in London by 2020, according to union Unite.

Norwegian banks and startups form fintech cluster
Retail banking

Norwegian banks and startups form fintech cluster

15 August 2017  |  10202 views  |  0 comments | 19 tweets | 23 linkedin

More than 20 banks and tech companies in Bergen have aligned to create a fintech hub to push a global innovation agenda amid growing collaboration between banks and startups in Norway.

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