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Financial Industry News - 31 July 2014

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B2B software provider Coupa Software secures $40m in Series F funding

21st March 2014

Company: bobsguide.com
B2B financial software provider Coupa Software has raised $40 million in Series F funding to help it compete with major players in the market, such as SAP. The firm, headed by Rob Bernshteyn, said the round of funding was led by Meritech Capital, with participation from Northgate Ventures and Icon Ventures. The additional capital brings the... read more
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Bank IT spending to hit $100bn in 2018

19th March 2014

Company: bobsguide.com
A new study conducted by Ovum has revealed that IT spending within the financial services sector is set to increase in the coming years, hitting the $100 billion mark in 2018. The figures mark a positive trend for the industry, after a number of years of cost cutting and lack of spending in this area. According to Ovum's research, there... read more
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Royal Mint to launch most secure coin in circulation in 2017

19th March 2014

Company: bobsguide.com
The Royal Mint will launch a new £1 coin in 2017, which it claims will become the most secure coin in circulation. Chancellor George Osborne is expected to reveal the decision to replace the current coin in his Budget speech today (19 March), in a bid to combat the number of counterfeit £1 coins in circulation. He said:... read more
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RBS calls for UK financial services cloud

18th March 2014

Company: bobsguide.com
The chief analytics officer at Royal Bank of Scotland (RBS), Alan Grogan, has called for the creation of a UK financial services cloud to allow banks in the nation to access the technology and take advantage of the benefits it can offer. He also argues that the creation of this initiative will mitigate the risks associated with the banking... read more
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World's largest mobile payment survey highlights increased perception of risk with mCommerce

17th March 2014

Company: bobsguide.com
The world's largest mobile payments and fraud survey has indicated that merchants are becoming more aware of the dangers fraudulent attacks pose to their business and, as a result, have realised that specialised tools and technology are required to protect their mCommerce operations. In the 2nd Annual Mobile Payments and Fraud Survey it was... read more
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Over 94m contactless payments made in UK in 2013.

17th March 2014

Company: bobsguide.com
Visa Europe has has revealed that contactless payments have increased dramatically in the UK and other nations in Europe, as consumers are becoming more comfortable with the payment technology. In the UK, 94.3 million contactless transactions were carried out by consumers through the payment method, a rapid increase from the 25 million made in... read more
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