SoftBank’s New ‘Operating Group’ Encourages Startup Collaborations

PYMNTS

In an effort to create a relationship between its portfolio of investors, SoftBank has created an “operating group” within its Vision Fund. For both funds, the operating team is tasked with advising startups on growth strategies, hiring, procurement and international expansion. “We

Citizens Financial Group Launches Neobank Citizens Access

Bank Innovation

Citizens Financial Group joins the latest band of established FIs in launching its version of a digital-first bank called Citizens Access.

Groups 173

Facebook Sues NSO Group Over WhatsApp Hack

PYMNTS

Facebook is filing a lawsuit against NSO Group , an Israeli cybersecurity company, alleging that it hacked WhatsApp users, according to CNBC. Facebook also named a second organization in the suit: Q Cyber, which is a company affiliated with NSO Group.

Groups 130

SWIFT Working Group To Create ISO 20022 Standard

PYMNTS

SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border transactions to the ISO 20022 standard.

Groups 226

Creative Group FinTech Lands $25M To Expand Into 30 Countries

PYMNTS

Amsterdam-based startup Creative Group announced it has raised €22 million in funding from Prime Ventures. Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances.

Groups 194

UK Casual Dining Firm The Restaurant Group Shutters 150 Eateries

PYMNTS

Europe’s The Restaurant Group (TRG), which operates over 650 restaurants and pubs across the country, is closing 150 eateries, Financial Times reported on Tuesday (Sept. Retail News Restaurants The Restaurant Group U.K.

Groups 170

Big US Mall Operators Look To Sports Entertainment For Growth

PYMNTS

But operators of some of those shopping destinations continue to wield investment power as malls undergo remakes for the 21 st century. The new investment from Simon Property Group comes as many malls are getting remakes for the 21 st century.

International Payments Firm Equals Group Acquires Hermex For £2M

PYMNTS

FairFX, a subsidiary of international payments firm Equals Group, has acquired Hermex International Limited (HermexFX) for £2 million ($2.4 million), Equals Group said in a press release on Friday (Aug.

Groups 163

MasterCard strengthens ties to mobile network operators

Mobile Payments Today

The Purchase, New York-based card network has already helped MNOs such as Vodafone Ukraine, Digicel Group in the Caribbean, Viettel Telecom in Vietnam and Taiwan's Chunghwa Telecom to roll out various services related to digital payments

Bank Innovation Launches a Meetup Group

Bank Innovation

Bank Innovation is launching a Meetup group, where we plan to organize networking events, with insightful panels and (of course) happy hours. Exclusive Operations fintech meetup MeetupAre you a tech enthusiast? A banking professional? A developer, or a blockchain champion?

Groups 158

WHSmith To Acquire Marshall Retail Group

PYMNTS

WHSmith has revealed it will acquire Marshall Retail Group (MRG) in an effort to boost its presence in U.S. Founded in 1792, WHSmith has operations in over 100 airports across 30 countries outside the U.K. MRG currently operates more than 170 locations across the United States, with 70 of those locations operating inside airports. Importantly, the team has also built a best-in-class operational foundation to support continued rapid growth of the company.”

Groups 100

Equifax, Gwynn Group Pair On AR Solution

PYMNTS

Equifax and Gwynn Group announced they are collaborating on an accounts receivable (AR) management solution that can support the entire collections life cycle.

Groups 141

Payment Firm Moneycorp Acquires Australia’s Rochford Group

PYMNTS

moneycorp, has acquired an Australian independent treasury advisory company called the Rochford Group for an undisclosed sum, according to reports. We can help accelerate Rochford’s growth by deploying their operating model through the moneycorp group.”.

Groups 153

CME Group Announces Plans for Bitcoin Futures, Causing Price Surge

Bank Innovation

Exchange operator CME Group has announced plans to launch bitcoin futures in the fourth quarter. The announcement by the operator, the largest in the world, prompted a surge for the currency that set bitcoin’s price to a record high (again) of $6,300.

Groups 151

U.S. Bank Is Hiring An ‘Innovation Leader’ To Boost AI Operations

Bank Innovation

Bank wants to revamp its Innovation group with a new artificial intelligence leader. Bank Innovation group,” including overseeing strategic product development, product innovation, and strategy efforts within the AI space, […]. Corporate Exclusive Operations Security Technology AI Dominic Venturo innovation group machine learning US BankThe job posting is vigorous, to say the least.

City Of London Group Announces £15.2M In Funding

PYMNTS

City of London Group (COLG) announced that it has raised £15.2 With this latest round of funding, Recognise will bolster its team and develop its operating model before the bank’s official launch. “We

Groups 182

What Does ‘Operational Efficiency’ and ‘Pragmatism’ Mean for Innovation?

Bank Innovation

recently notified about 1,000 employees in its Consumer Banking and Payments, Virtual Solutions and Innovations groups of the bank’s plans to eliminate their positions. Corporate Daily Post 1 Exclusive Lending Premium Forrester Research innovation group JP Morgan Chase lending Wells FargoSigns point to more difficult economic times ahead. The future is always uncertain, but banks must prepare now, and this may spell trouble for innovation teams. Wells Fargo & Co.

BharatPe Notches $15.5M In Funding; Eika Group Teams With EedenBull

PYMNTS

Norwegian banking alliance Eika Group is teaming up with EedenBull , India’s FinTech startup BharatPe notched $15.5 Eika Group, a Norwegian banking alliance, is teaming up with EedenBull for a partnership to create payment programs, EedenBull said in an announcement.

Groups 176

JD.com, Central Group Team Up For FinServ App

PYMNTS

JD.com and the biggest retailer in Thailand, Central Group, have launched a financial services app called Dolfin to help connect with local banks and increase the companies’ online presence, according to a report by Reuters. Central Group is owned by the Chirativat family.

Groups 211

Advocacy Groups Call On FTC To Break Up Facebook

PYMNTS

Facebook is facing breakup calls from a handful of advocacy groups that want the Federal Trade Commission to explore breaking up the social media giant. The group argued in the draft letter that Facebook should be forced to unwind those acquisitions because it didn’t protect users’ data.

Groups 163

PayPal CEO Takes Stance On Hate Groups

PYMNTS

PayPal Chief Executive Dan Schulman has opted to take a stance against groups promoting hate and laws that discriminate, even facing lawsuits to stand up for what the company believes is right.

Groups 179

Sterling Bancorp Names Leaders Of Innovation Finance Group

PYMNTS

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it.

Groups 151

Vietnam Rideshare Be Group Adds Delivery To Challenge Grab, Go-Viet

PYMNTS

Ride-hailing firm Be Group in Vietnam is launching two delivery services to compete with Grab and Go-Viet, Deal Street Asia reported on Monday (Aug. Unlike Grab and FastGo, Be Group has also registered itself as a transportation business.

Groups 153

Russian Sberbank Buys Stake In Mail.ru To Shore Up Digital Operations

PYMNTS

Gazprombank is a financial group that’s owned by the state. Group, as well as the control of most of its voting rights. Sberbank said it wants to grow its operations and put pressure on Yandex, a rival in the space.

Russian Sperbank Buys Stake In Mail.ru To Shore Up Digital Operations

PYMNTS

Gazprombank is a financial group that’s owned by the state. Group, as well as the control of most of its voting rights. Sberbank said it wants to grow its operations and put pressure on Yandex, a rival in the space.

Dynamics, Sprint Launch Battery-Operated Payment Card

PYMNTS

With the powerful combination of our unrivaled wireless network spectrum resources, radical IoT technologies from within Sprint and our SoftBank group of companies and our dedication to creating integrated ecosystems — Sprint is at the IoT forefront, demonstrated by our support of Dynamics and the Wallet Card,” said Jan Geldmacher, president of Sprint business.

Groups Call On Congress To Use Bank Secrecy Act For Crypto Regs

PYMNTS

Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone. Facebook chose to incorporate the group that will govern Libra in Switzerland.

Groups 205

Eddie Bauer And Pacific Sunwear Combined In New Operating Company

PYMNTS

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. A new PSEB Group consists of both brands, which will operate their own independent front ends but benefit from shared services, retail news source Chain Store Age reported. “By The group, which is estimated to take in $1.5

Mall Operators Continue To Struggle With Store Closures

PYMNTS

Things are looking somewhat better for Simon Property Group than segment watchers were expecting, as revenues clocked in at $1.4 The group, which owns much of the nation’s mall real estate, reported occupancy rates stood at 94.6 The earnings announcement comes as mall operators are trying to reboot in an era when the department store is no longer the anchor tenant of choice at many locations and brands like Macy’s and JCPenney continue to shutter brick-and-mortar stores.

Bank Of England COO Joins New Payment System Operator

PYMNTS

The Bank of England’s chief operating officer is joining the U.K.’s s New Payment System Operator (NPSO). The Payment System Operator Delivery Group is closing to hand down operation of the nation’s payment systems to the New Payment System Operator in an effort to streamline the payment ecosystem. Payments Administration (UKPA) to provide support to payment system operators. The NPSO announced news on Wednesday (Feb.

Building, operating and monetizing financial services apps on the IBM Cloud

Insights on Business

Variable annuity/life, group retirement annuity. As the financial services industry continues to be disrupted by smaller, agile fintech startups, long-established financial institutions are looking for ways to keep pace.

Promontory Financial Group CEO on the future of RegTech

Insights on Business

Gene Ludwig, the CEO and founder of Promontory Financial Group , recently sat down with Bloomberg Law in a wide-ranging interview to discuss his predictions for the future of RegTech, blockchain, and where he sees the markets going in the next three to five years.

Groups 139

Driving digital transformation with DevOps at Lloyds Banking Group

Insights on Business

Ensuring continuous operations. A case in point is Lloyds Banking Group, UK’s largest retail bank, which transformed itself by adopting DevOps. The post Driving digital transformation with DevOps at Lloyds Banking Group appeared first on Banking Industry.

Groups 195

Google Teams With Portland’s Public Transport Operator TriMet for First Android Pay Virtual Transit Card

Bank Innovation

Here comes the world’s first virtual transit card in Android Pay, well at least according to Google and Portland’s public transport operator TriMet, who teamed up to unveil the Hop Fastpass. TriMet announced today that a group of TriMet C-Tran and Portland Streetcar beta testers can now load this virtual card into Android Pay and […].

Former Lloyds exec to head Swift U.K. operations

Payments Source

A former Lloyds Banking Group executive is joining financial messaging service provider Swift as its head of U.K., Ireland and Nordics operations. Cross border payments SWIFT Lloyds Banking Group U.K.

Using DevOps to Drive Lloyds Banking Group’s Digital Transformation

Insights on Business

Ensuring continuous operations. A case in point is Lloyds Banking Group, UK’s largest retail bank, which transformed itself by adopting DevOps. The post Using DevOps to Drive Lloyds Banking Group’s Digital Transformation appeared first on Banking Industry.

Groups 194

Verint Systems Invests In Military-Grade Cybersecurity Firm NSO Group

PYMNTS

is looking to buy NSO Group, an Israeli company that sells military-grade technology, for around $1 billion. In 2016, researchers at Citizen Lab — a group that investigates surveillance technology — revealed that they discovered NSO software in a link sent to the phone of a human-rights activist in the United Arab Emirates, and that the software was being used by foreign governments to spy on citizens. software company Verint Systems, Inc.

Groups 116

FDIC settles Operation Choke Point lawsuit

CFPB Monitor

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies.

FDIC 63

Global Securities Group IOSCO Says Libra Could Be Subject To Current Regs

PYMNTS

After an assessment, the group found that stablecoins (digital coins backed by real currency or commodities), have both benefits and potential risks. The IOSCO said it will assist in the global Financial Stability Board’s work on stablecoins for the G20 Group of 20 Economies.

Groups 130

Govt. Cyberattacks May Be Linked To Lazarus Group

PYMNTS

12 illustrating the campaign, called Operation Sharpshooter. The attack could be linked to the Lazarus Group , a collective of cybercriminals that’s been associated with North Korea, as the source code of the attack drew from the group’s 2015 hack of South Korea.

Groups 141

As P2P Payments Grow, More Consumer Groups Get Into The Mix

PYMNTS

In addition, Early Warning Services, the network operator behind Zelle, announced that $49 billion was sent through the Zelle network on 196 million transactions during Q3 2019. The latter group had only slightly smaller ownership than the 96 percent of 18- to 29-year-olds who own smartphones.

Groups 130

Blockchain Won’t Kill the Banks (Banks Say)

Bank Innovation

In fact, decentralization may be beneficial for banks, depending on “what do you mean by decentralization,” said Jared Harwayne-Gidansky, North American lead of the emerging business and technology group for BNY Mellon.

Igniting The Operating System For Employer-Funded Healthcare

PYMNTS

In fact, Batniji likened the company’s platform to an operating system that can run other technology. There is no question that citizens and consumers are focusing on how to make healthcare better in the United States (whatever “better” might mean to different groups of people), and expanding digital technology capabilities, along with corporate moves, promise more changes to come. No matter the industry, nearly all U.S.