24 July 2016
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Accelerating fintech innovation
Start ups

Accelerating fintech innovation

11 July 2016  |  9721 views  |  0 comments | 28 tweets | 13 linkedin

Fintech accelerators come in all shapes and sizes. Reetika Grewal, head of payments strategy and solutions at Silicon Valley Bank, charts the path taken by Commerce.Innovated, the SVB/MasterCard joint programme.

Credit card fraud ring bust sees 105 arrests
Payments

Credit card fraud ring bust sees 105 arrests

08 July 2016  |  4755 views  |  0 comments | 6 tweets | 11 linkedin

Cops in Europe and Malaysia have arrested 105 people accused of participation in a massive organised criminal enterprise that made counterfeit credit cards that were used to buy high-value goods worth millions of euros.

NEC trials facial recognition technology at the POS
Security

NEC trials facial recognition technology at the POS

08 July 2016  |  4985 views  |  0 comments | 6 tweets | 12 linkedin

NEC has embarked on trials of 'cashless payment services' using facial recognition technology to verify consumer identities at small shops located inside its head office building in Tokyo.

Standard Chartered to spend $3 billion on global tech hubs
Wholesale banking

Standard Chartered to spend $3 billion on global tech hubs

08 July 2016  |  7586 views  |  0 comments | 14 tweets | 10 linkedin

Standard Chartered is to invest $30 million into its Malaysian technology and operations centre, raising its IT spend in the country over the next year by 50%.

BTMU joins $10.5 million Coinbase round
Mobile & online

BTMU joins $10.5 million Coinbase round

08 July 2016  |  3308 views  |  0 comments | 2 tweets | 7 linkedin

Bitcoin exchange and virtual wallet operator Coinbase has secured a $10.5 million investment from a group of Japanese investors, including Bank of Tokyo-Mitsubishi UFJ (BTMU), to fund its Asian expansion strategy.

UK govt tests use of distributed ledger tech to help benefit claimants track spending
Mobile & online

UK govt tests use of distributed ledger tech to help benefit claimants track spending

08 July 2016  |  11734 views  |  0 comments | 20 tweets | 17 linkedin

The UK government is trialling the use of distributed ledger technology and a mobile app to help welfare claimants track what they are spending their benefit payments on.

PSD2: German regulator rules restriction of e-payment services by banks violates competition law
Risk & regulation

PSD2: German regulator rules restriction of e-payment services by banks violates competition law

08 July 2016  |  11611 views  |  0 comments | 52 tweets | 56 linkedin

With PSD2 looming, German regulator Bundeskartellamt has ruled that the country's banking industry is violating competition law by putting up barriers that hinder competing online payments services.

Young Brits warned of social media threat as ID fraud soars
Security

Young Brits warned of social media threat as ID fraud soars

07 July 2016  |  5294 views  |  1 comments | 15 tweets | 17 linkedin

As they share ever more personal information online, young Brits are increasingly falling victim to identity fraud, figures from security outfit Cifas show.

Brit cyber-security firm Post-Quantum scores £8 million investment
Security

Brit cyber-security firm Post-Quantum scores £8 million investment

07 July 2016  |  4284 views  |  0 comments | 6 tweets | 2 linkedin

A British cyber-security firm set up by a former JPMorgan banker has closed an £8 million Series A funding round

The vultures are circling: EU states eye up London's finance crown
Wholesale banking

The vultures are circling: EU states eye up London's finance crown

07 July 2016  |  4568 views  |  0 comments | 11 tweets | 9 linkedin

As states across Europe eye up London's business riches and tout their EU-friendly fintech credentials, German centre-right political party Freie Demokraten is taking a cheekily direct approach, driving a giant billboard truck into the heart of the capital emblazoned with an invite for Brexit-scarred startups to move to Berlin.

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