SunGard has issued a public apology to custody bank BNY Mellon for the outage of its InvestOne accounting system used by the bank to price thousands of funds.
Rich people use the internet, too. HSBC is blaming the rise in online banking for its decision to shut down a branch in Poole that caters only to wealthy customers.
Goldman Sachs is preparing to add hundreds of new employees to its technology and operations base in Warsaw, Poland.
A US district court judge has thrown out a lawsuit brought against Barclays and a number of US exchanges that accused the bank of rigging its dark pool in favour of high frequency traders (HFTs).
BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.
German payments giant Wirecard has made a £6 billion bid for British rival Worldpay, according to Bloomberg.
Kenya's National Industrial Credit (NIC) Bank is set to enable customers to view their balances and make payments via WhatsApp, Facebook and Twitter.
Oxfam has teamed up with Visa, Philippines-based UnionBank and payments firm i2c to channel funds to people in disaster-affected communities through prepaid cards.
Digitally enabled insurgents are placing bank-based lenders under increasing pressure and pose "a significant threat to every part of the commercial lending business" says a survey conducted by Misys.
Almost half of asset managers are still reliant on costly manual processes to manage complex derivatives creating a dangerous level of operational risk according to a report from buy-side systems vendor SimCorp.
© Finextra Research 2015