Capital markets firms must do more to protect IP

Capital markets firms are losing their intellectual property too easily to competitors, business partners and third parties. Most companies could benefit from a tougher approach to IP, including licencing agreements and more use of patents, according to a new report by analyst firm Aite.

February 2015: Banking in cyber-space

The cyber-attack on Sony Pictures at the end of last year highlighted something that IT and security people in financial services have known for some time – the modern networked environment is far less secure than most people are prepared to admit …

Code Halos: the key to improving banks’ Net Promoter Score

A company’s Net Promoter Score has become an important measure of customer satisfaction. It asks them a simple question: how likely they are to recommend that company to a friend. The responses split the audience into three groups: promoters, passives and detractors. By subtracting the percentage of detractors from the promoters, banks obtain their NPS. NPS has been a valued metric in many consumer-facing industries for several years, but its importance and influence in financial services is growing fast.

Avox offers API connections to legal entity data

Avox, the DTCC’s legal entity reference data subsidiary, has launched a series of web-based application programming interfaces designed to support faster access to data, including legal entity identifiers, legal names, addresses, industry classifications and corporate hierarchies.

Sharing threat intelligence is challenging the industry, but it’s the only way forward

Protecting your banking infrastructure from cybercriminals is one of the toughest IT challenges in banking. It keeps getting harder, even though banks are working tirelessly to protect both customers and assets. Attacks are growing in size, and new developments such as the Internet of Things mean attack surfaces are growing, as well as the number of endpoints that can be used to launch attacks.

Lloyds to allow photo uploads as ID for account opening

Lloyds Banking Group is to allow customers to upload images of identification documents required as part on an online account opening application, removing the need to visit a branch.
Initially the new electronic identification and verification checks, which will start to be rolled out to customers from next week, will be available to customers who want to add an additional party to an existing account.

Bringing it all together

From the early days of internet distribution, New York-based Alacra has been aggregating reference data. Chief executive Steve Goldstein told David Bannister the company’s story

Payments Council picks Swift for SEPA Only services

The UK’s Payments Council has selected Swift to build the country’s new central infrastructure platform in preparation for the next phase of SEPA regulation in 2016, through the provision of an automated central infrastructure platform for collection and maintenance of UK-specific SEPA routing data.

SEFs face reckoning with unintended consequences warns report

Like opening Pandora’s box, the emergence of swap execution facilities in US derivatives markets has brought unexpected consequences and problems as well as benefits. In some cases, asset managers are actively looking to avoid trading on the new platforms and even turning to other asset classes, according to a new report by OpenLink.

New entrant Ipagoo targets businesses with pan-European current account

London-based Orwell Group, founded in 2005, has launched a pan-European current account called Ipagoo in the UK, France, Spain and Italy. The product aims to take on services provided by traditional banks, using open architecture software and promising consumers greater choice and less hassle.

Top African payments and banking experts to convene in Johannesburg

Top African payments and banking experts to convene in Johannesburg In the face of constant payment changes, Cards and Payments Africa is the place to drive business growth and keep up with the latest trends. Join the traditional players, the emerging disruptors and risk-taking visionaries of payments as you check-in to our destination of innovation […]

Euroclear Finland begins major overhaul for T2S

Finland’s central securities depository Euroclear Finland has just completed the first stage of a major project to completely replace its securities processing infrastructure. The CSD says the move is part of its preparations for T2S, the European Central Bank project to harmonise Europe’s post trade infrastructure.

SIX to establish Swiss trade repository as Parliament discusses reform

Swiss post-trade specialist SIX Securities Services is planning to establish a central trade repository for derivatives transactions in Switzerland, using the London Stock Exchange’s UnaVista platform. The platform is being built to allow Swiss customers to report under the Swiss Financial Market Infrastructure Act, which is currently in parliamentary consultation.

Capgemini and First Data forge payments development alliance

Technology consultancy Capgemini has formed a global alliance with First Data to develop payment software based on First Data’s VisionPlus and AccessPlus solutions. The pair say that they expect to begin delivering new solutions in the second quarter of this year.

I am a bank

Remember those Microsoft adverts that touted ‘I am a PC’, showing everyday people as happy PC users? What if everyday people could do the same for their finances and say, ‘I am a bank’? What would that bank look like and what services would it offer to meet customer aspirations?

SmartStream acquires Algo Collateral business from IBM

SmartStream Technologies has acquired the assets of IBM’s Algorithmics Collateral solution and will add it to its existing solutions for the automation of the end-to-end post trade lifecycle, rebranding it as TLM Collateral Management. The system provides collateral lifecycle automation for buy- and sell-side institutions, custodians and asset servicers, large and small.

Thaw in investment freeze drives tech hires

Technology hiring is on the up, with employment within the industry forecast set to grow at 2.19% this year, nearly five times faster than the UK average, according to the 2015 Salary Guide from specialist recruiter Robert Half.