19 February 2017
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GoCardless customer data at risk after burglary
Retail banking

GoCardless customer data at risk after burglary

08 February 2017  |  5037 views  |  0 comments | 7 tweets | 10 linkedin

UK-based payment processor GoCardless is offering affected customers free credit monitoring after admitting that 19 laptops containing sensitive personal information were stolen from its offices last month.

Fintech growth demands global intervention - Iosco
Risk & regulation

Fintech growth demands global intervention - Iosco

08 February 2017  |  9706 views  |  0 comments | 24 tweets | 13 linkedin

Bank regulatory bodies need to co-ordinate their strategies for dealing with emerging financial technology at a global level, says a new report from International Organization of Securities Commissions (Iosco).

Man pleads guilty to part in $1.2 million malware heist
Security

Man pleads guilty to part in $1.2 million malware heist

08 February 2017  |  3485 views  |  0 comments | 5 tweets | 1 linkedin

A Brooklyn man has pleaded guilty to running an unlicensed money transmission business to launder the proceeds from a malware attack that successfully pilfered $1.2 million from customer bank accounts.

Visa bids to strengthen Silicon Valley ties with new Palo Alto site
Start ups

Visa bids to strengthen Silicon Valley ties with new Palo Alto site

08 February 2017  |  7549 views  |  0 comments | 5 tweets | 7 linkedin

Stressing its technology credentials, Visa has opened a massive new office in Silicon Valley to house its data and research teams.

Philadelphia Fed president says regulation will protect fintech innovators
Risk & regulation

Philadelphia Fed president says regulation will protect fintech innovators

08 February 2017  |  4687 views  |  0 comments | 9 tweets | 6 linkedin

Fintech firms should welcome, not fear, regulation because it is in their interest to have an "established framework" in which to operate, says the president of the Federal Reserve Bank of Philadelphia.

Wells Fargo app sets customers savings challenges
Mobile & online

Wells Fargo app sets customers savings challenges

08 February 2017  |  4918 views  |  0 comments | 11 tweets | 8 linkedin

Personal finance management apps are getting more demanding, with new offerings from Wells Fargo and startup Meniga challenging users to meet specific saving targets.

PayPal builds Slack P2P payments bot
Payments

PayPal builds Slack P2P payments bot

07 February 2017  |  8106 views  |  0 comments | 24 tweets | 15 linkedin

PayPal has built its first bot, enabling Slack users to send person-to-person payments without leaving the team messaging app.

IBM and Dubai Government initiate blockchain logistics initiative
Transaction banking

IBM and Dubai Government initiate blockchain logistics initiative

07 February 2017  |  6450 views  |  0 comments | 8 tweets | 9 linkedin

IBM is collaborating with Dubai Customs, Dubai Trade and its IT provider Dutech, to explore the use of blockchain technology for the import and re-export process of goods in and out of Dubai.

Esma cautions against large-scale application of distributed ledger tech
Risk & regulation

Esma cautions against large-scale application of distributed ledger tech

07 February 2017  |  4589 views  |  0 comments | 14 tweets | 13 linkedin

The European Securities and Markets Authority (Esma) warns that any large-scale use of distributed ledgers across the financial services sector would first need to address a number of key challenges in terms of interoperability, governance and privacy issues and risk creation.

Moven launches UK money monitoring app
Retail banking

Moven launches UK money monitoring app

07 February 2017  |  6147 views  |  0 comments | 17 tweets | 12 linkedin

US-based neobank Moven is setting its sights on Europe, launching a money tracking app in the UK.

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