07 February 2016

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Current account switching flops
Retail banking

Current account switching flops

21 January 2016  |  3097 views  |  9 comments | 13 tweets | 7 linkedin

The UK's much vaunted current account switching service is beginning to look like an expensive white elephant, as fewer consumers transferred their business in 2015 compared to the previous year.

ACI Worldwide sells community banking suite to Fiserv
Payments

ACI Worldwide sells community banking suite to Fiserv

21 January 2016  |  3338 views  |  0 comments | 8 tweets | 8 linkedin

ACI Worldwide is to exit the community bank and credit union market, selling its Community Financial Services business to Fiserv for $200 million in cash.

Financial services go modular
Wholesale banking

Financial services go modular

21 January 2016  |  3635 views  |  0 comments | 12 tweets | 12 linkedin

The financial services industry is going modular, with technology making it easier for customers to buy from multiple providers, opening up a multi-billion dollar opportunity for new entrants, according to report from management consultancy Oliver Wyman.

BBVA gets agile as scrum teams tear up the bank IT rule book
Mobile & online

BBVA gets agile as scrum teams tear up the bank IT rule book

21 January 2016  |  9289 views  |  0 comments | 31 tweets | 34 linkedin

Spanish bank BBVA now has 500 staff members working in small scrum teams to rush through the development of new projects, representing a five-fold increase over the past year.

Dutch cops arrest 10 over bitcoin money laundering scheme
Payments

Dutch cops arrest 10 over bitcoin money laundering scheme

20 January 2016  |  3075 views  |  0 comments | 6 tweets | 4 linkedin

Dutch authorities have arrested 10 men accused of using bitcoin to launder up to EUR20 million made from selling drugs online.

First Data to create 300 jobs at new Irish R&D centre
Cards

First Data to create 300 jobs at new Irish R&D centre

20 January 2016  |  3023 views  |  0 comments | 6 tweets | 5 linkedin

US fintech giant First Data is building a research and development centre that will house up to 300 tech employees in the Irish town of Nenagh.

UK regulators set up unit to help bank startups
Retail banking

UK regulators set up unit to help bank startups

20 January 2016  |  4791 views  |  0 comments | 26 tweets | 15 linkedin

Britain's financial watchdogs have set up a unit designed to help the country's slew of new challenger banks navigate the regulatory waters and win approval to take on the high street giants.

R3 runs blockchain proof-of-concept with eleven banks
Wholesale banking

R3 runs blockchain proof-of-concept with eleven banks

20 January 2016  |  8664 views  |  1 comments | 30 tweets | 31 linkedin

Bank-backed blockchain collaboration outfit R3 has announced the completion of a distributed ledger experiment involving eleven of the world's largest financial institutions.

Halifax 'Digital Champions' to run IT sessions at UK libraries
Retail banking

Halifax 'Digital Champions' to run IT sessions at UK libraries

20 January 2016  |  2454 views  |  0 comments | 7 tweets | 5 linkedin

Halifax is to dispatch up to 2000 staff to UK libraries to run IT taster sessions for the estimated six million adults in the country who have never used the internet to get online.

Saxo Bank takes robo-advisor route with Blackrock
Retail banking

Saxo Bank takes robo-advisor route with Blackrock

20 January 2016  |  5108 views  |  0 comments | 11 tweets | 11 linkedin

Saxo Bank has moved into the fast-expanding robo-advisory market with a full-scale digital investment platform for retail investors in partnership with BlackRock.

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