Italy’s Banca Popolare di Sondrio and Helpline have implemented NICE’s Robotic Automation solutions for loan approvals and credit card fraud prevention. Banca Popolare di Sondrio, which has 350 branches across the country, decided to implement NICE Robotics to speed up its online loan and credit approvals process. As a result, NICE says average handle time […]
UBS Wealth Management Americas (WMA) and tech company SigFig has formed a “strategic alliance” to develop digital technology for UBS WMA, its financial advisors and their clients. San Francisco-based SigFig specialises in wealth management software. It will create and customise digital tools and services for UBS WMA’s 7,000 advisors. UBS WMA’s remit is domestic US and […]
Australia-based financial services group, MyState, is gearing up to launch a new digital banking system, provided by domestic vendor Rubik Financial. The new solution is set to go live in August and promises to transform MyState’s digital channels and customer experience, according to Rubik. It will provide “superior digital experience” to customers, the vendor says, […]
The treasury function plays a pivotal role within a bank, and with great power comes great responsibility… and the need for automation. Misys and Banking Technology conducted a survey to find out about the changing role of the banks’ treasury and the degree of support received from current systems. How can technology help treasurers cope […]
ICAP, a UK-based financial services firm, has revealed profit and revenue loss for the year ended 31 March 2016; and a new name following the sale of its global hybrid voice broking and information business. Revenue, trading operating profit, trading profit before tax and profit before tax were all down for year ended 31 March […]
A week from its 2016 annual shareholder meeting, Green Dot has announced plans to split up the role of chairman and CEO. The move comes in the midst of Green Dot’s proxy battle over board seats, propelled by Harvest Capital, which owns 9.3 percent of Green Dot common stock and has proposed three nominees to the board.
Five months after unveiling its own in-store mobile payment service, Walmart has begun rolling out Walmart Pay in Texas and the retail giant’s home state of Arkansas. Available through the Walmart smartphone app for iOS and Android, Walmart Pay can be loaded with any major credit, debit or prepaid card or a Walmart gift card.
Making good on a promise to reimburse cardholders affected by last year’s temporary service disruption, RushCard has agreed to a $19 million settlement in a class-action lawsuit stemming from the outage.
More than seven months after last October’s EMV liability shift in the U.S., customers “are forced to continue using fraud-prone magnetic stripe technology” because chip-reading payment terminals remain idle, charged U.S. Sen. Dick Durbin in a letter to Federal Trade Commission Chair Edith Ramirez.
HSBC is to cut 850 information technology jobs in the UK today (16 May), the first stage of its restructuring plan that will see 8,000 British jobs terminated by the end of 2017. The employees are based in London, Sheffield, Leeds and Birmingham and all the jobs will disappear by the end of this year, […]
London-based Calastone, the global funds transaction network, has expanded into New Zealand, and already carried out its first transaction with Australia. Calastone MD Australia, Sarah Hayward, says the firm’s extended cross border coverage enables transactions between Australian and New Zealand platforms, fund managers and respective counterparts. “Our expansion has been primarily driven by our Australian […]
Vietnam’s TienPhongBank (TPBank) says it has stopped an attempted wire fraud that involved the use of “fraudulent” Swift messages. The bank said in a statement late on Sunday (15 May), in response to inquiries from Reuters, that in Q4 2015 it “identified suspicious requests through fraudulent” Swift messages to transfer more than €1 million in […]
VocaLink, the payment systems provider, has signed a five-year deal with China’s UnionPay International, which will enable UnionPay cardholders to access ATMs in the UK and continental Europe. Under the deal, VocaLink will provide ATM transaction processing and UnionPay sponsored access. VocaLink says on average, the value of UnionPay card withdrawals from UK ATMs are […]
Bloomberg has applied to the Global Legal Entity Identifier Foundation (GLEIF) to become a local operating unit (LOU) of the Global LEI System (GLEIS). By submitting this application, Bloomberg moves to the candidate stage of the LOU accreditation process and joins an existing network of LOU’s monitored by GLEIF. Peter Warms, senior manager of fixed […]
Swift has warned its customers about a newly identified malware found at a “commercial bank”, which it has declined to identify. This latest development follows yesterday’s (12 May) news where Swift rejected the allegations made by Bangladesh Bank and Bangladesh Police’s Criminal Investigation Department (CID) officials about the first cyber fraud scandal in February. Details […]
With news on crowdfunding and investment appearing with relentless regularity, here’s a round-up of key events to save you time. UK challenger bank Tandem has now revealed the money it’s raised and its valuation – all in preparation for a crowdfunding campaign that starts on 20 May. Money raised comes to £22 million and it […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Perception brings to market new core platform UK credit unions, lenders and start-up banks take note. ING adds some zing to start-up ring It’s working with 45 start-ups on banking innovation. Punjab National Bank to modernise enterprise data […]
Vietnam-based subsidiary of France’s major financial group, BPCE, is implementing a new core banking system, Sopra Banking Amplitude. The new solution will cover front-to-back office operations of the bank, including digital banking functionality. The system is supplied by Sopra Banking Software. The project follows the reorganisation of BPCE’s operations in Vietnam, with the business moved […]
Banking giant Barclays has announced the launch of its own mobile contactless on Android, and confirmed it will not be joining Android Pay, reports Tim Skinner at Telecoms.com. The bank has been one of the UK’s more innovative financial institutions harnessing mobile payments, and specifically the integration of payment technology into wearable or alternative devices. […]
A Blackhawk Network study finds that more consumers (44 percent) are buying gift cards for themselves, most consumers are familiar with digital gift cards and other innovative payment methods are catching steam, while checks and even cash are declining.
Walmart has filed a lawsuit against Visa Inc. over claims that the payment network is forcing Walmart to offer customers the option to verify EMV debit card purchases via signature—a method the retail giant says is more prone to fraud than PIN verification.
As the country’s Unified Payments Interface threatens to leapfrog mobile wallets in the country, one mobile wallet provider wins a capital gain, while another wallet program launches.
Telefónica Germany, in association with Fidor Bank, will be launching its mobile banking offering, “O2 Banking”, in Germany in late summer 2016. Matthias Kröner, CEO of Fidor Bank, says the collaboration offers “the best of two digital worlds”. Namely, banking services via a mobile app and additional services from an O2 mobile contract. Fidor says […]
Royal Bank of Scotland (RBS) is planning to cut around 200 more jobs at its UK retail bank, according to sources close to the development. The latest round of job cuts follows the announcement last month that 600 jobs were to go in the UK. Rob MacGregor, national officer at the Unite trade union, says: […]
Royal Bank of Scotland (RBS) is powering its new Open Experience centre with Red Hat technologies, including the Red Hat Mobile Application Platform and OpenShift Enterprise, Red Hat’s web-scale container application platform. Open Experience was launched by RBS in February at its HQ in Edinburgh (UK) to pursue “innovative new technologies for the bank and […]
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
Swift has rejected the allegations made by Bangladesh Bank and Bangladesh Police’s Criminal Investigation Department (CID) officials to Reuters about the cyber fraud scandal in February. A few months ago, hackers stole more than $100 million from the country’s foreign currency reserves. In the ensuing furore, the head of Bangladesh’s central bank, Atiur Rahman, resigned; […]
IDBI Bank (formerly Industrial Development Bank of India), a state-owned bank in India, is going through a major core banking platform refresh. The bank is currently running on an old version of Infosys’ Finacle, version 7.x. Furthermore, the system was deployed in separate installations for domestic operations (retail and corporate), commercial lending (corporate finance), Dubai […]
Blackhawk Network was ranked 18 of 25 “non-tech” firms in the Bay Area by the Bay Area News Group in its 2016 “Silicon Valley 150” (SV150) list, a four-spot jump from Blackhawk’s ranking last year.
Payments solutions provider JetPay Corp. has appointed Diane Faro to its board of directors.
The Financial Crimes Enforcement Network (FinCEN) presented its second annual Law Enforcement Awards in a ceremony at the U.S. Department of the Treasury on May 10.
Gene Fredriksen, chief information security officer for credit union service organization PSCU, has been selected to help represent the nation’s credit unions in the Global Forum to Advance Cyber Resilience, a public/private initiative bringing together industry, business, government and critical infrastructure leaders to operationalize cyber resilience and cybersecurity.
San Francisco-based Affirm has hired former eBay vice president Carl Gish to be its first chief marketing officer.
Clutch Group, a global legal, risk and compliance analytics and consulting firm, has hired Priti Parekh to serve as the company’s Global COO.
Chilean biometrics company TOC has joined the FIDO Alliance, the association aiming to develop global standards for online authentication based on methods that are more secure than simple passwords.
Barclays is providing £1 million in funding to UK-based AccessPay to support its growth and further develop their relationship. Access Systems (trading as AccessPay) provides a cloud-based connectivity layer between a business’s finance systems, their banks and “all of the major” UK and international payment networks such as BACS, Swift, SEPA, Faster Payments and Direct […]
Haitong International Securities Group has gone live with the second stage of the middle office revamp. The underlying tech is the Syn capital markets platform, provided by GBST, an Australia-based securities processing software vendor. Haitong signed for Syn last year and reported the first go-live in November. It has adopted the Syn platform as it […]
The European Banking Federation (EBF), the Global Financial Markets Association (GFMA) and the International Swaps and Derivatives Association (ISDA) are planning global policy measures on cybersecurity, data and technology through a new set of common principles. In its paper, “International Cybersecurity, Data and Technology Principles”, the organisations want to create a “starting point for dialogue […]
Nordea says it will be the “first” bank in Finland to offer its customers an equity-based crowdfunding service. It has developed an online crowdfunding platform that will match entrepreneurs seeking financing with investors; and will be linked to a book-entry system. The service will be launched in the next few months. The bank says the […]
The Depository Trust & Clearing Corporation (DTCC) and the Korea Exchange (KRX), the securities exchange operator in South Korea, have signed a memorandum of understanding (MoU) to co-operate with each other on a trade repository solution in South Korea. Under this deal, both organisations will explore linking DTCC’s global trade repository (GTR) solution directly to […]
