27 November 2014

Latest News

Retail banking

Capita wins Co-operative Bank mortgage contract

11 November 2014  |  2440 views  |  0

Capita has emerged as the preferred bidder for a 10-year, £325 million contract to run the mortgage book of the UK's Co-operative Bank.

Mobile & online

BNZ opens online community

11 November 2014  |  2924 views  |  0

Bank of New Zealand has launched an online banking community site, where customers can share financial management tips and provide input to BNZ product development.

Virtual currency

Dutch entrepreneur injects bitcoin wallet under his skin

11 November 2014  |  10813 views  |  5

A dutch crypto-currency fanatic has implanted two NFC tags under the skin in his hands to store his digital cash.

Wholesale banking

Deutsche Bank hires JP Rangaswami as chief data officer

10 November 2014  |  3860 views  |  0

Deutsche Bank has appointed JP Rangaswami as its first chief data officer, recruiting the former Dresdner Kleinwort Wasserstein CIO from Salesforce, where he has been 'chief scientist' since 2010.

Payments

NCR to offer bitcoin payments via iPOD POS; activates cash function at video ATM

10 November 2014  |  7476 views  |  2

NCR is to bring bitcoin payments to the high street by integrating support for the crypto-currency via its Silver iPOD point-of-sale device for small business owners.

Risk & regulation

Digital agenda driving IT hiring spree at City investment banks

10 November 2014  |  11727 views  |  1

London's investment banks have gone on an IT hiring spree as the industry accelerates its investment in digital technologies and acts to replace staff lured away by the promises of riches from fintech startups, according to fresh data from recruitment outfit Astbury Marsden.

Retail banking

Home Depot hackers also seized 53 million email addresses

07 November 2014  |  6389 views  |  0

A third-party backdoor and a Windows vulnerability helped the Home Depot hackers plunder 56 million card transaction at the point-of-sale and escape with an additional 53 million email addresses, the US home improvement chain has revealed.

Retail banking

Alternative finance sector set for explosive growth

07 November 2014  |  6966 views  |  0

UK innovation agency Nesta says that £1.74 billion will have been raised through alternative finance intermediaries – including crowdfunding, peer-to-peer lending and invoice trading – by the end of 2014, as small businesses and consumers increasingly look beyond the traditional banking sector for loans and capital raising needs.

Retail banking

Banks accused of failing to report true scale of cybercrime

07 November 2014  |  25429 views  |  4

Treasury Committee chairman Andrew Tyrie is to question banks over allegations that they may be under-reporting instances of bank fraud because they don't want to frighten people.

Retail banking

NAB consolidates customer data on new CRM system

06 November 2014  |  3136 views  |  0

National Australia Bank has passed an important milestone in its tech transformation agenda with the roll out of a new customer relationship management system for its 4500 business bankers.

Wholesale banking

ANZ appoints Citi exec Collary as CIO

06 November 2014  |  3416 views  |  0

ANZ has ended its seven-month search for a new chief information officer to replace former incumbent Ann Weatherston with the appointment of Citibank executive Scott Collary as CIO.

Wholesale banking

Nasdaq wins SIP mandate

06 November 2014  |  3378 views  |  0

Nasdaq OMX has retained the right to continue running the Securities Information Processor (SIP), a critical piece of US securities trading infrastructure.

Wholesale banking

Competition watchdog to investigate UK current account and SME banking market

06 November 2014  |  10102 views  |  3

The UK's Competition and Markets Authority is to launch a full-scale investigation into personal current accounts and SME banking, following a three month consultation exercise.

Payments

Money20/20: MCX and Softcard set out plans to take on Apple Pay

05 November 2014  |  4838 views  |  0

In the long shadow of Apple Pay, this week two major mobile money ventures, telco-backed Softcard and merchant-run MCX, have been setting out their strategies for wining over customers.

Cards

US banks pay high price for cosying up to Apple

05 November 2014  |  9669 views  |  8

US banks are paying a high price for the privilege of placing their cards on Apple Pay, with the tech giant demanding not just cash but also detailed reports and analytics on card usage data, according to a leaked draft of the 19-page commercial agreement with issuers.

Retail banking

Citi outlines plans to shrink the bank branch

05 November 2014  |  3162 views  |  0

Hot on the heels of the opening of a massive 6400 square foot flagship outlet in San Francisco, Citi has drawn up plans to pilot a more modest 'compact' branch decked out with a hi-tech finish and staffed by just four employees.

Mobile & online

Nationwide joins the wearable finance movement

05 November 2014  |  9380 views  |  0

Google smartwatch users can now use the timepiece to check their account balances with Nationwide Building Society.

Cards

ANZ re-equips for a mobile future

05 November 2014  |  4686 views  |  0

ANZ is to introduce a 'Tap and PIN' facility for cardless ATM transactions, a new mobile point-of-sale system for small traders and an NFC-based mobile wallet in 2015.

Retail banking

Money20/20: BankMobile asks millennials to help build a bank for young people

04 November 2014  |  9345 views  |  1

BankMobile, the latest US digital-only bank hoping to win over the millennial crowd, is preparing to launch in beta with 5000 customers by the end of the year.

Payments

Visa and MasterCard bow to Canadian pressure for lower interchange fees

04 November 2014  |  6170 views  |  1

Visa and MasterCard have finally caved in to pressure from Canadian competition authorities and agreed to set a 1.5% ceiling on interchange rates in the country for the next five years.

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