Royal Bank of Scotland has apologised to its two million mobile banking subcribers after a glitch shut down the bank's app for the second time in as many months on Friday.
Banks and financial institutions should quit viewing mobile as just another customer channel and wake up to its potential to generate significant new revenues. This is the message that Mobey Forum will carry to mobile banking and financial services professionals attending its second annual MobeyDay event, to be held in Barcelona on 11 June.
Branch transaction volumes in the US have dropped by 45% over the past decade, according to data released by teller management outfit Financial Management Solutions Inc (FMSI).
Luxembourg private bank Société Générale Bank & Trust has completed a two-year project to migrate its core banking system, comprising ten million lines of code, to a cloud computing architecture.
Two mountaineers have set a world record by being the first to use a mobile banking app on Mount Everest.
Mobile payment platform Square has made its first move beyond North American borders by launching its mobile credit card reader and tablet POS register apps in Japan.
The president and managing director of Osaka Securities Exchange have had their pay docked in recompence for a four-hour shut down of the J-Gate derivatives trading system in March.
Boost Mobile, the pre-paid subsidiary of US telco Sprint, is to move into the mobile financial services market with the launch of a full-service virtual wallet account linked to a physical Visa pre-paid card.
Germany's Commerzbank has contracted with Clear2Pay for the deployment of the Belgium-based company's Open Payment Framework (OPF) as a central platform for end-to-end XML processing.
The London Stock Exchange has hired SunGard's John Mackay ('Mack') Gill to serve as chief executive of its technology subsidiary MillenniumIT.
Temasek, Singapore's state-owned investment company, has acquired a 10% stake in financial data firm Markit for $500 million.
© Finextra Research 2013