26 July 2016
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Thomson Reuters and Imperial College form fintech and regtech research partnership
Risk & regulation

Thomson Reuters and Imperial College form fintech and regtech research partnership

20 July 2016  |  5878 views  |  0 comments | 29 tweets | 16 linkedin

Thomson Reuters and Imperial College London are pooling their expertise for joint research projects into the big data challenges facing the fintech and regtech industries.

BT outage hits online bank customers
Retail banking

BT outage hits online bank customers

20 July 2016  |  3568 views  |  0 comments | 7 tweets | 3 linkedin

Bank customers across the UK were unable to log in to their accounts this morning because of a major technical fault at internet service provider BT.

Clydesdale Bank cuts IT contractor pay
Retail banking

Clydesdale Bank cuts IT contractor pay

20 July 2016  |  3154 views  |  2 comments | 1 tweets | 1 linkedin

Temporary IT workers at UK-based Clydesdale Bank have agreed to a 10% pay cut in order to hold on to their jobs, according to news site ContractorUK.

UK firm claims largest ever P2P loan
Brexit

UK firm claims largest ever P2P loan

20 July 2016  |  3253 views  |  0 comments | 6 tweets | 4 linkedin

UK-based Nucleus Commercial Finance claims it has made the largest ever P2P loan to date following a £14.5 million financing facility offered to UK steel stockholder Industrial Metal Services (IMS).

Worldpay's payments glitch rumbles on
Payments

Worldpay's payments glitch rumbles on

20 July 2016  |  5374 views  |  0 comments | 9 tweets | 14 linkedin

UK payment processing firm Worldpay is experiencing ongoing problems issuing payments despite promising to work with clients to resolve the software issue.

Square makes European move
Cards

Square makes European move

20 July 2016  |  5182 views  |  1 comments | 16 tweets | 27 linkedin

Mobile payments firm Square is finally gearing up to launch in Europe after incorporating a business, called Squareup Europe Ltd, in the UK, according to Reuters.

Central bank digital currency could boost GDP - BofE
Blockchain

Central bank digital currency could boost GDP - BofE

19 July 2016  |  4049 views  |  0 comments | 15 tweets | 9 linkedin

The introduction of a central bank digital currency (CBDC) could significantly boost gross domestic product, new research from the Bank of England suggests.

Student lending platform CommonBond closes $30m funding round
Retail banking

Student lending platform CommonBond closes $30m funding round

19 July 2016  |  2519 views  |  0 comments | 2 tweets | 1 linkedin

Student loan specialist CommonBond has raised $30 million in a Series C funding round led by Neuberger Berman Private Equity and another $300 million in debt to make loans.

Santander doubles down on fintech fund
Transaction banking

Santander doubles down on fintech fund

19 July 2016  |  8061 views  |  0 comments | 23 tweets | 28 linkedin

Santander has doubled the size of its fintech investment fund, from $100 million to $200 million, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups.

Sberbank offers Pokémon Go players free accident insurance
Retail banking

Sberbank offers Pokémon Go players free accident insurance

19 July 2016  |  7527 views  |  0 comments | 28 tweets | 26 linkedin

As reports of Pokémon Go-related injuries come in from around the world, Russia's Sberbank is offering free accident insurance to the game's players. Meanwhile, the bank is also hoping to lure people through its doors by equipping branches with special modules that attract Pokémon.

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