News story of the week: First Direct enables peer-to-peer payments via Facebook Messenger and WhatsApp
Challenging the big boys once again – First Direct was recently voted the number one bank for customer satisfaction – the HSBC offshoot has launched a new tool for millennials the country over, allowing them to pay friends and family using Facebook Messenger and WhatsApp.
The innovative service was developed with Tel Aviv fintech start-up, PayKey. To use the bank’s new ‘fdpay’ service all smartphone-wielding peeps need to do is tap a payment icon on their keyboard while in their favourite social media app and hey presto!
Comment piece of the week: Is age just a number?
Delivering real-life lessons for financial planners Martin Bamford, managing director at Informed Choice, delivers multiple tales of age-defying wonder, teaching us about the dangers of categorising people, attaching preconceptions to their age.
His – and our – favourite tale is that of the incredible Jeanne Calment. At 90 Madame Calment sold her apartment securing her £350 for the rest of her life. Unfortunately for her lawyer she went on to live another 33 years, reaching an astounding 122. Her comment on the situation? “In life, one sometimes makes bad deals.”
Number of the week: Featurespace tightens noose around fraud
Featurespace, an anti-fraud and risk management firm, has raised £25m from a fresh funding round led by US-based venture capital firms Insight Venture Partners and MissionOG.
The anti-fraud aficionados will use the cash to support international expansion and further develop Featurespace’s software capabilities. Take that, would be criminals!
Quote of the week
We are @Foco_Global on Twitter, what’s your excuse?