25 May 2017
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Eastern Bank spins off online loan platform
Mobile & online

Eastern Bank spins off online loan platform

17 May 2017  |  4256 views  |  0 comments | 7 tweets | 1 linkedin

Boston-based Eastern Bank has spun off an online loan platform for small businesses that was developed by its innovation lab into an independent company that has already raised $9 million in funding.

Fintech unicorn Transferwise moves into the black
Retail banking

Fintech unicorn Transferwise moves into the black

17 May 2017  |  5841 views  |  0 comments | 25 tweets | 18 linkedin

Fintech unicorn Transferwise says the company has reached operational profitability six years after launch.

DrnkPay app blocks credit cards if you've had too much to drink
Retail banking

DrnkPay app blocks credit cards if you've had too much to drink

17 May 2017  |  7846 views  |  8 comments | 15 tweets | 15 linkedin

A new mobile app is promising to help users avoid drunken late night impulse spending by linking credit and debit cards to a breathalyser and, if too much has been imbibed, barring certain purchases.

Capco sues former UK boss for £145 million
Retail banking

Capco sues former UK boss for £145 million

17 May 2017  |  4810 views  |  0 comments | 3 tweets | 2 linkedin

FIS-owned consultancy Capco is suing its former UK boss Andrew Tarver for £145 million over allegations that he stole clients and conspired to cover up the evidence.

Chase joins $50m LevelUp funding round
Retail banking

Chase joins $50m LevelUp funding round

16 May 2017  |  4121 views  |  0 comments | 6 tweets | 1 linkedin

JPMorgan Chase has joined a $50 million funding round for LevelUp, a Boston-based mobile payments service that lets customers order ahead at partner restaurants.

European banks lobby Commission to push ahead with screen scraping ban
Payments

European banks lobby Commission to push ahead with screen scraping ban

16 May 2017  |  8966 views  |  5 comments | 29 tweets | 36 linkedin

European banks say that privacy of client data, cybersecurity and innovation are at risk should the European Commission bow to the demands of fintech firms and backtrack on plans to ban screen-scraping under the revised Payment Services Directive, PSD2.

BNP Paribas leads $63m funding round for Wall Street messaging outfit Symphony
Start ups

BNP Paribas leads $63m funding round for Wall Street messaging outfit Symphony

16 May 2017  |  4353 views  |  0 comments | 3 tweets | 6 linkedin

Bank messaging platform Symphony Communication Services is looking to expand into Asia after raising $63 million in a funding round led by BNP Paribas.

Citi appoints Gulru Atak Dublin innovation head
Retail banking

Citi appoints Gulru Atak Dublin innovation head

16 May 2017  |  3858 views  |  0 comments | 1 tweets

US bank Citi has appointed Gulru Atak, an executive at its Turkey business, as head of its innovation lab in Dublin.

Samsung Pay finally arrives in UK
Payments

Samsung Pay finally arrives in UK

16 May 2017  |  6863 views  |  1 comments | 22 tweets | 26 linkedin

Samsung's long-awaited push into the UK market for mobile payments is finally over.

UK consumers ready to swap banks for tech giants
Mobile & online

UK consumers ready to swap banks for tech giants

16 May 2017  |  7956 views  |  1 comments | 37 tweets | 49 linkedin

Nearly a third of UK consumers would consider using Amazon, Google, Facebook or Apple for banking services, while 48% would be happy for banks to share their transaction data with trusted third parties if it gave them a more personalised experience.

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