28 July 2016
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Barclays creates financial emoticons to help awkward Brits talk about money
Retail banking

Barclays creates financial emoticons to help awkward Brits talk about money

15 July 2016  |  7317 views  |  0 comments | 12 tweets | 7 linkedin

Barclays has developed a set of emojis to help bashful Brits overcome awkward conversations when asking family and friends for money.

Officials accused of cover-up over likely China hack of FDIC
Retail banking

Officials accused of cover-up over likely China hack of FDIC

14 July 2016  |  3377 views  |  0 comments | 6 tweets | 4 linkedin

China likely hacked computers at the Federal Deposit Insurance Corporation (FDIC) between 2010 and 2013 and the attacks were covered up by staffers at the regulator, according to a Congressional report.

ANZ chief predicts mobile will kill off cards in less than a decade
Cards

ANZ chief predicts mobile will kill off cards in less than a decade

14 July 2016  |  6494 views  |  6 comments | 27 tweets | 24 linkedin

As ANZ rolls out Android Pay to its customers, the Australian bank's chief executive Shayne Elliott has predicted that mobile payments could displace plastic cards in well under a decade.

Computer coding error costs Citigroup $7 million
Risk & regulation

Computer coding error costs Citigroup $7 million

14 July 2016  |  3992 views  |  0 comments | 9 tweets | 8 linkedin

The US Securities and Exchange Commission has slapped a $7 million fine on Citigroup to settle charges that a computer coding error caused the firm to provide the agency with incomplete 'blue sheet' information about trades it executed.

MasterCard to pay Sainsbury's £68.6 million after losing interchange battle
Payments

MasterCard to pay Sainsbury's £68.6 million after losing interchange battle

14 July 2016  |  7923 views  |  6 comments | 11 tweets | 13 linkedin

MasterCard is to pay £68.6 million to the UK supermarket chain Sainsbury's after losing a Competition Appeal Tribunal hearing over interchange fees.

Singapore Exchange goes dark
Trade execution

Singapore Exchange goes dark

14 July 2016  |  3192 views  |  0 comments | 3 tweets | 5 linkedin

The Singapore Exchange has yet to give a time for the re-opening of the market after a technical glitch at 11.38am shut down trading for the entire day.

Starling Bank secures banking license; to launch in January 2017
Mobile & online

Starling Bank secures banking license; to launch in January 2017

14 July 2016  |  5584 views  |  1 comments | 18 tweets | 13 linkedin

Starling Bank, the latest digitally-native mobile challenger bank to hit the UK, has been granted a banking license by the Prudential Regulatory Authority (PRA) and the Financial Conduct Authority and is inviting prospective customers to sign up ahead of a formal launch in January 2017.

Europeans keen to secure payments with biometrics
Retail banking

Europeans keen to secure payments with biometrics

14 July 2016  |  6474 views  |  0 comments | 21 tweets | 20 linkedin

More than two thirds of Europeans want to use biometrics as a method of payment authentication, with convenience and security the main reason for its popularity, a Visa survey shows.

The best is yet to come for Europe's payments firms - Citi
Mobile & online

The best is yet to come for Europe's payments firms - Citi

14 July 2016  |  5321 views  |  0 comments | 11 tweets | 13 linkedin

The profound change underway in the payments industry is good news for some of Europe's biggest fintech firms, including Gemalto and Ingenico, which are set to benefit from years of "secular tailwinds", according to research from Citi.

Ex-Google engineer bids to fix core banking
Risk & regulation

Ex-Google engineer bids to fix core banking

13 July 2016  |  21028 views  |  20 comments | 61 tweets | 90 linkedin

After two years in stealth mode, a British startup run by a gaggle of former Google engineers has come into the light claiming to have solved the greatest challenge in fintech: how to replace core banking systems.

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