BankingTech


The challenges of paying Asia faster

Slowly but steadily, financial institutions and their corporate clients are beginning to talk about growth again. Markets are gradually shifting from a purely defensive position; the Fed has spoken about tapering its quantitative easing programme; and many companies are putting expansion back on the agenda in response, writes Greg Murray.

Intelligent changes to lending: winning back consumers’ hearts

Following yet another revelation that UK banks have been mis-selling financial products to their customers, this time for identity theft and credit card protection insurance, the need for high street lenders to prove that they are changing their lending behaviour has never been so great.

Pinnacle Bank outsources processing to Fiserv

US based Pinnacle Bank has chosen to outsource its processing to Fiserv as part of its Precision bank platform, in a move the bank says will help it to scale and roll out new products including mobile banking, bill payment and checking. Based in the town of Elberton in the US state of Georgia, Pinnacle […]

Competition for Russia heats up as TMX boosts Moscow link

Trading infrastructure provider TMX Atrium has released a set of options for trading Russia through its connection to Frankfurt’s Equinix FR2 IBX data centre and the Moscow Exchange – a move designed to shepherd customers as rival providers stake out their own claims to the Russian market.

CCP proliferation clouds Asian OTC derivatives markets reform

Most emerging Asian countries have developed or are developing their own CCPs and trade repositories in response to global reforms of OTC derivatives markets – but proliferation of CCPs is a concern, according to new research by analyst firm Celent.

Visa Europe adopts BT’s managed network

Visa Europe’s decision to place its internal and external communications networks into the hands of BT will help the firm to realise economies of scale and offer a more efficient service to customers, according to Chris Pickles, Head of industry initiatives at BT.

Lloyds partnership marks start of overseas extension

Lloyds Banking Group’s partnership with Standard Chartered Bank, announced this week, is likely to be the first of a series of such deals intended to allow the UK-focused bank to extend its client services overseas.

Basel has triggered “infrastructure reset”

The Basel Committee on Banking Supervision’s April 2013 report, Monitoring tools for intraday liquidity management, has provided banks with the “trigger to reset their current infrastructures”, said Detlef Braun, senior consultant at vendor SmartStream.

NDAB-Deutsche Bank deal will ease dollar flow

The National Bank of Abu Dhabi (NBAD) has signed a deal with Deutsche Bank to use its Guaranteed US Plus payment solution, which it promises will improve price transparency for clients with individual US dollar flows into the US.

Infosys aims to help banks modernise ops

Infosys has launched Finacle 11E, a banking solution it said will help banks to modernise their operations, reduce cost and time to market and minimise risk. The product has a modular structure: banks can choose which parts they need and replace their existing systems one step at a time, depending on how far or fast they want to proceed.

“Become an intelligent bank” for the cyber age

In a time when information is king, the battle for data is not so much where to get it as how to get it and what to do with it. For many generation Y savers and spenders, the vast majority of their transactions are carried out online and their relationships with traditional banks are practically non-existent.

Clear2Pay extends hub to run virtual institutions

Clear2Pay has launched Business-in-a-Box, based on the company’s existing corporate payments hub (CPH) and open payments framework (OPF). The two products are aligned with the company’s new Virtual Vault Account Solution (Vivas) in a package that can be used to establish a virtual financial institution.

Trade: adjusting to a new direction of travel

As trade flows shift across regions and economic headwinds blow, the trade finance business is facing challenges. Anne Queree examines how correspondent banking networks are adapting

Talking Heads: RMB internationalisation

As the Chinese Government continues its phased internationalisation of the renminbi, financial institutions are evaluating their strategies. Daily News at Sibos asked some Sibos delegates what financial institutions need to do to take full advantage of the opportunities offered by RMB internationalisation.

Sibos delegates slam “ill-conceived” regulation

Sibos delegates have sent a blunt message to the world’s financial regulators that new regulations are neither well planned nor well implemented. Eighty per cent of delegates expressed their negative views regarding regulation in yesterday’s regulation plenary session.

SunTec lets Visa put its foot down and Xelerate

Visa Europe is to introduce a new services suite called Xelerate Card Services from revenue management and business assurance firm SunTec, which it will use to track a peak volume of 100 million transactions a day. Xelerate is designed to help bill member banks and approved non-members of Visa Europe in 36 countries. Visa Europe […]

Afghanistan hails its own bright banking future

Despite making headlines for all the wrong reasons for decades, Afghanistan is now trying to persuade the international banking community that there is a brighter future ahead for the country

More collaboration ahead, says Swift’s Leibbrandt

Front and centre of the agenda that Swift set out at the beginning of this week’s Sibos is the concept of collaboration and cooperation – a perennial theme for Swift, but Leibbrandt told Daily News at Sibos there is a change in the air.

MyBank E-Mandate pilot ready to go live

EBA Clearing has signed five financial institutions, 11 European service providers and two corporates for its MyBank E-Mandate pilot, which will begin in October and will test the firm’s solution for Sepa core direct debits for reliability, security and usability.

Operational risk: Hell is other people

As the focus on operational risk increases, Nicholas Pratt discovers that the greatest threats to a bank’s security lie outside of its four walls

Innovation: there is a better way

Innovation in financial services may not generate products quite so world-changing as the inventions of Edison, but the principle of finding better ways to do something does inform most developments.

Corporate actions: standard and deliver

The complexity of corporate actions has stymied automation efforts for more than a decade. But there could be light at the end of the tunnel …

Omnichannel: the new normal for retail banks

With customers expecting consistent service across all channels, banks must step up to the plate and streamline their processes when it comes to customer interaction. Using the omnichannel approach, they’ll also reap the rewards of better customer intelligence and a clear idea of how best to spend precious budgets.

Talking Heads: this year’s model

How is the global custody and asset servicing model changing? Will consolidation occur? What do clients want? Daily News at Sibos finds out

Flurry of initiatives show confidence in ‘on time’ T2s

Momentum is building behind the European Central Bank’s (ECB’s) Target2-Securities (T2S) settlement platform. With the ECB confirming the platform will be delivered on time, further proof of the industry’s confidence in the initiative has come via a series of announcements regarding connectivity to T2S.

Talking Heads: the financial crisis

Crawling from the wreckage – Daily News at Sibos asks whether the industry will experience another Lehman Brothers-type crisis. Have market participants learned their lesson?