News


European T+2 migration obliges post-trade reform says Fidessa

Shortening settlement cycles and increased regulatory oversight are pushing financial institutions to reform their post-trade processes. That can only be a good thing, according to a new whitepaper from trading technology specialist Fidessa.

Brad Hanson: Vision with a Mission

By Marilyn Bochicchio, CEO Brad Hanson, president of MetaBank and its payments division Meta Payment Systems, has a vision. It’s bringing financial inclusion and dignity to those who don’t have access to traditional banking systems. And, he doesn’t care if you’re skeptical about a $1.9 billion asset bank from Storm Lake, Iowa, driving this initiative or […]

BBVA Adopts HCE for Mobile Wallet (June 30, 2014)

Getting mobile payments services to market quickly is one of the calling cards for host card emulation (HCE) technology, and Spanish financial services group BBVA is claiming to be the first major global bank to commercially launch an HCE-based mobile contactless payments service.

Banca Popolare di Bari in branch refresh with NCR

Italy’s Banca Popolare di Bari has chosen ATM manufacturer NCR to help it revitalise its branch network with a new set of systems that it says will help to cut queues and better connect with customers.

Fairbanking Foundation launches fair banking challenge

The Fairbanking Foundation, a non-profit charity focused on improving the financial health of consumers, has launched a drive to encourage banking providers to improve their products and achieve an additional 15 Fairbanking Mark certifications from the Foundation by October 2015.

ESMA defiant over OTC trade reporting guidance

The European Securities and Markets Authority has disputed claims that it should be doing more to help financial institutions connect with trade repositories, following industry complaints that the regulator has not allowed enough time, has issued key specifications at the last minute, and is now scaling back its involvement with the job unfinished.

Ullink plans NYFIX revival following purchase from ICE

French trading solutions and connectivity specialist Ullink has agreed to acquire NYFIX and Metabit from ICE Group, as part of a deal the international company says will give it brand recognition in the US and new opportunities in Asia.

BBA calls on Bank of England to protect challenger banks

The BBA has called for regulators to do more to improve competition in UK retail banking by making changes to the way payments, capital, access to funding and proportionality of regulation are handled and opening up more opportunities for challenger banks.

Supreme Court Rules in NLRB Case (June 26, 2014)

The Supreme Court ruled today to throw out President Obama’s recess appointments to the National Labor Relations Board (NLRB) as unconstitutional. CFPB Director Richard Cordray was appointed the same day but has since been confirmed by the Senate, suggesting the ruling will have little or no effect on the CFPB.

Banks must educate consumers about fraud says Aite

Banks need to do more to educate consumers about the ways in which they may be exposing themselves to fraud risks, according to a new report by Aite Group using data from ACI Worldwide, which notes that one in four consumers has been victimised by card fraud in the past five years.