24 May 2013

Latest News

Wholesale banking

LME terminates lucrative Xchanging contract

30 April 2013  |  2476 views  |  0

Xchanging has lost a £25 million per annum infrastructure servicing contract with the London Metal Exchange as the LME's new owners call time on a profitable eight-year relationship for the BPO provider.

Trade execution

Equiduct rescued by new investors

30 April 2013  |  1684 views  |  0

Pan-European exchange Equiduct has been rescued from the brink of oblivion by a group of new investors after its largest shareholder Citadel pulled its backing from the platform.

Trade execution

CBOE under pressure following software bungle

30 April 2013  |  2024 views  |  0

A badly bungled systems reconfiguration at the Chicago Board Options Exchange that shut down trading for three-and-a-half hours last week is set to increase pressure on the CBOE to let rival exchanges trade its proprietary options products.

Transaction banking

Live blog: Swift Business Forum - London 2013

30 April 2013  |  4369 views  |  0

Returning for its third year, the Swift Business Forum London brings together over 700 financial services professionals to explore the key challenges and opportunities facing our industry today. Finextra is liveblogging events here.

Mobile & online

Dortmunder Volksbank introduces contactless mobile payments

29 April 2013  |  3437 views  |  1

German cooperative bank Dortmunder Volksbank is introducing a contactless mobile payments system that taps Telefónica's O2Wallet.

Retail banking

JP Morgan co-COO Bisignano quits for First Data

29 April 2013  |  3424 views  |  1

JP Morgan Chase co-chief operating officer Frank Bisignano has left the bank to take over as CEO at payments processor First Data.

Payments

Irish businesses urged to step up Sepa preparations

29 April 2013  |  2221 views  |  0

The Irish business community is woefully unprepared for the imminenet arrival of a Single Euro Payment Area (Sepa), with 42% yet to begin making the necessary changes to their accounting systems, according to a survey by the Irish business and employers confederation (Ibec).

Payments

Chase and la Caixa top mobile banking study; HSBC bottom of the pile

26 April 2013  |  7012 views  |  2

Chase has topped Forrester Research's mobile banking rankings, with Spain's la Caixa proving Europe's top dog and HSBC trailing badly at the bottom of the table.

Security

US chip card debate heats up

26 April 2013  |  5606 views  |  0

The ongoing debate over the economic benefits of a mass-market migration to EMV chip cards in the US has heated up, with US retailers and a senior Fed staffer raising red flags over the anticipated impact on fraud levels.

Security

Judge rejects FBI bid to hack online bank theft suspect's computer

26 April 2013  |  2814 views  |  0

A Texas judge has rejected a request from the FBI for a warrant letting it hack into the computer of an online bank robbing suspect and install spyware.

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