22 May 2013

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Wholesale banking

Wall Street propeller-heads make way for new generation of data scientists

10 May 2013  |  3132 views  |  0

Rocket scientists on Wall Street are set to be usurped by a new generation of 'data scientists', as investment banks combine new analytical approaches with the arrival of torrents of Big Data to transform their trading strategies, according to a new paper from BNY Mellon.

Retail banking

Lazy crooks offered money mule recruitment kit

10 May 2013  |  2073 views  |  0

An enterprising crook has taken to online forums to hawk a universal money mule recruitment site kit to would-be cyber-thieves.

Payments

CIBC Suretap comes to Android; Rogers gets nod for banking start-up

10 May 2013  |  2562 views  |  0

CIBC in Canada has expanded support for its mobile payments app from BlackBerry-only to Android devices, as wireless partner Rogers receives approval to incorporate as a bank.

Payments

US charges eight over $45m ATM theft

10 May 2013  |  3672 views  |  2

US authorities have charged eight people with taking part in two cyber-attacks that saw card data stolen from payment processors and used to withdraw $45 million from ATMs around the world.

Retail banking

Italian cancer researchers tap into bank computing power

09 May 2013  |  1628 views  |  0

Italian cancer researchers are harnessing the computing power of Intesa Sanpaolo, Unicredit and payments processor SIA to help process and analyse huge quantities of genetic data.

Mobile & online

Google Wallet chief Bedier quits

09 May 2013  |  4194 views  |  1

The head of Google Wallet, Osama Bedier, has quit after two years in the job during which the mobile payments operation has failed to take off.

Trade execution

Wikipedia page views can predict markets - study

09 May 2013  |  2041 views  |  0

How often a company's Wikipedia page is viewed could help predict movements in its stock price, a newly published academic paper suggests.

Retail banking

Nigeria to roll out multi-purpose national ID and payment cards

09 May 2013  |  2669 views  |  1

The Nigerian government has commenced the roll out of 13 million MasterCard-branded National Identity Smart Cards with biometric and electronic payment capability as a pilot programme.

Retail banking

Level 39: A place for 'grow-ups'

09 May 2013  |  3383 views  |  0

"Candy is compulsory." So says Eric Van der Kleij, technology entrepreneur and special adviser to Level 39, the FinTech Accelerator space in Canary Wharf, as he guides the Finextra TV team on an exclusive tour of the facility.

Retail banking

Barclays tunes into customer voiceprints

08 May 2013  |  3127 views  |  0

Barclays Wealth and Investment Management in the UK is using voice biometric technology to verify the identity of customers as they converse with call centre agents over the telephone.

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