30 January 2015
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Latest News

Wholesale banking

Swift restructures; appoints new CTO and COO

12 January 2015  |  4064 views  |  0 comments | 2 tweets | 4 linkedin

Banking co-operative Swift has appointed a new chief technology officer and chief operating officer as it re-structures its IT development and operational activities.

Risk & regulation

Nasdaq looks to jump into bank dark pools

12 January 2015  |  3637 views  |  0 comments | 7 tweets | 4 linkedin

With volumes on lit exchanges in the doldrums, Nasdaq has approached a number of big banks about taking over operation of their dark pools the Wall Street Journal reports.

Payments

Softcard not dead, but is axing 60 jobs

09 January 2015  |  7777 views  |  2 comments | 12 tweets | 5 linkedin

Softcard, the mobile payments venture owned by America's leading telcos, is slashing jobs in a cost-cutting exercise but insists that it is not shutting up shop.

Security

Hackers demand ransom for stolen bank customer emails

09 January 2015  |  5068 views  |  0 comments | 12 tweets | 5 linkedin

A hacker collective is threatening to publish more than 30,000 customer emails stolen from Banque Cantonale de Geneve (BCGE) unless the Swiss bank hands over EUR10,000 today.

Wholesale banking

Tech Mahindra to acquire Switzerland's Sofgen

09 January 2015  |  4793 views  |  0 comments | 3 tweets | 3 linkedin

Indian IT services group Tech Mahindra has agreed a sub-$30 million all-cash deal to acquire niche core banking consultancy Sofgen.

Retail banking

North American banks disillusioned with big data analytics - Aite survey

09 January 2015  |  13723 views  |  1 comments | 18 tweets | 20 linkedin

Despite the hype surrounding big data, three quarters of North American bankers are dissatisfied with analytics technology, according to research from Aite Group.

Retail banking

Standard Chartered CIO Verplancke leaves

08 January 2015  |  4742 views  |  0 comments | 1 tweets | 1 linkedin

On the day it outlined plans to cut thousands of jobs, Standard Chartered has revealed that one employee definitely on his way out is CIO and group head of technology Jan Verplancke.

Wholesale banking

European Parliamentarians raise concerns about Swift data sharing

08 January 2015  |  5182 views  |  0 comments | 8 tweets | 5 linkedin

Members of the European Parliament are to debate Europol's refusal to divulge information about US access to Swift international payments data amid concerns that the agreement is trampling over the data protection rights of EU consumers.

Payments

IBM cyber crime data offers both good and bad news for retailers

08 January 2015  |  7245 views  |  0 comments | 12 tweets | 7 linkedin

First the good news: The number of cyber attacks on retailers dropped by half in 2014. The bad news? The thieves are escaping with much bigger hauls as assaults show a greater degree of sophistication.

Retail banking

Banks must up digital game to win over millennials - BBVA Compass

08 January 2015  |  15276 views  |  3 comments | 38 tweets | 31 linkedin

Banks need to offer more than basic transactional online and mobile services if they want to win over millennials being tempted by more nuanced, personalised services from new fintech disruptors, warns a report from BBVA Compass.

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