31 March 2017
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Moven strikes gold with TD Bank licensing extension
Payments

Moven strikes gold with TD Bank licensing extension

28 March 2017  |  8012 views  |  0 comments | 22 tweets | 19 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

28 March 2017  |  15523 views  |  0 comments | 2 tweets | 7 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
Wholesale banking

Bloomberg terminal base shrinks in 2016

28 March 2017  |  6701 views  |  0 comments | 13 tweets | 15 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
Mobile & online

Nordea strikes mobile money deal with fintech startup Betalo

28 March 2017  |  5933 views  |  0 comments | 18 tweets | 14 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
Payments

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

28 March 2017  |  3905 views  |  4 comments | 7 tweets | 12 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
Payments

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

27 March 2017  |  4033 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.

Wells Fargo brings cardless transactions to 13,000 ATMs
Payments

Wells Fargo brings cardless transactions to 13,000 ATMs

27 March 2017  |  5310 views  |  6 comments | 14 tweets | 30 linkedin

Wells Fargo customers can now leave their wallets at home and instead use their mobile phones to make cash withdrawals at the bank's 13,000 American ATMs.

Germany's KfW Bank explains $5.4 billion funds transfer lash up
Wholesale banking

Germany's KfW Bank explains $5.4 billion funds transfer lash up

27 March 2017  |  3853 views  |  1 comments | 2 tweets | 9 linkedin

Germany's KfW Bank says a system error led to the unintentional transfer of $5.4 billion to four counterparty banks in an automated cycle of repeat transactions.

Billon completes live distributed ledger pay outs in the UK
Retail banking

Billon completes live distributed ledger pay outs in the UK

27 March 2017  |  3894 views  |  0 comments | 6 tweets | 2 linkedin

Billon, a Polish e-money transfer startup backed up by distributed ledger technology, is set to enter the UK market having completed a successful trial of a corporate payout system with consumer research firm Conduct Research.

UK FS firms see fight against cybercrime as major challenge
Wholesale banking

UK FS firms see fight against cybercrime as major challenge

27 March 2017  |  4644 views  |  0 comments | 10 tweets | 9 linkedin

British financial services firms expect to increase IT spending at a healthy rate in the near future, according to a CBI/PwC survey which also shows that combatting cybercrime is a growing imperative for the industry.

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