22 November 2017
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Singaporean sovereign fund in talks to buy stake in OakNorth
Start ups

Singaporean sovereign fund in talks to buy stake in OakNorth

03 November 2017  |  3140 views  |  0 comments

Singapore's Government Investment Corporation (GIC) is close to agreeing a deal to acquire 10% of UK challenger bank OakNorth, according to Sky News.

NAB to shed 6000 jobs and create 2000 new digital positions
Mobile & online

NAB to shed 6000 jobs and create 2000 new digital positions

02 November 2017  |  4364 views  |  1 comments | 8 tweets | 5 linkedin

National Australia Bank is to shed 6000 jobs and retire up to 20% of its existing IT applications and 50% of its product line under a three-year programme designed to simplify the bank and reshape the workforce for the digital age.

Visa rolls out real-time payments platform in Europe
Mobile & online

Visa rolls out real-time payments platform in Europe

02 November 2017  |  12537 views  |  3 comments | 27 tweets | 33 linkedin

Visa is to bring its real-time payments platform to market in Europe after experiencing strong growth in other key markets globally.

F1's Jenson Button takes Santander 'Phish and Chips' van for a spin
Security

F1's Jenson Button takes Santander 'Phish and Chips' van for a spin

02 November 2017  |  5842 views  |  0 comments | 1 tweets | 3 linkedin

British F1 driver Jenson Button has taken the wheel of Santander’s Phish & Chips van - serving fish and chips to the public in exchange for phishing emails and dodgy mobile texts.

Britain’s small businesses bank on alternative finance options
Retail banking

Britain’s small businesses bank on alternative finance options

02 November 2017  |  4496 views  |  0 comments | 10 tweets | 3 linkedin

With more than half of small business owners in the UK concerned about their ability to get bank loans, many are turning to alternatives such as crowdfunding and P2P lending, according to a WorldPay survey.

Link plans could slash number of free ATMs
Retail banking

Link plans could slash number of free ATMs

01 November 2017  |  3221 views  |  0 comments | 6 tweets | 3 linkedin

Plans by the UK's Link network to cut the amount that banks pay to fund free-to-use cash machines will lead to "ATM deserts" and cause communities to wither, warns an industry association.

AI brings news stability risks, warns regulator
Wholesale banking

AI brings news stability risks, warns regulator

01 November 2017  |  5676 views  |  0 comments | 13 tweets | 18 linkedin

An increasing reliance on artificial intelligence by banks, insurers and hedge funds could have unintended consequences and threaten the financial system's stability, warns a report from a top global watchdog.

Interac debit comes to Samsung Pay in Canada
Mobile & online

Interac debit comes to Samsung Pay in Canada

01 November 2017  |  5280 views  |  0 comments | 5 tweets | 9 linkedin

Canadian debit network Interac has introduced support for Samsung Pay, enabling customers of participating banks to add their cards to the mobile wallet and make NFC payments.

Silence is golden: New banking Trojan on the loose
Wholesale banking

Silence is golden: New banking Trojan on the loose

01 November 2017  |  6138 views  |  0 comments | 9 tweets | 11 linkedin

A new Russian hacking group operating under the name of Silence has hit at least ten banks across the world with a piece of malware that opens up access to infected computers to compromise banking networks.

YES Bank fined $1 million over massive ATM breach
Risk & regulation

YES Bank fined $1 million over massive ATM breach

01 November 2017  |  6581 views  |  1 comments | 3 tweets | 7 linkedin

The Reserve Bank of India has hit YES bank with a $1 million fine for failing to promptly report a breach of its ATM network.

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