06 March 2015

Latest post-trade & ops news

PayPal's Schulman lays out plan to rule the digital commerce world

4 hours ago  |  986 views  |  0 comments | 3 tweets

Incoming chief Dan Schulman has set out his vision for turning PayPal from a button on a website into the operating system for digital commerce.

70% of Americans prefer digital to branch for account opening

5 hours ago  |  923 views  |  0 comments

Nearly three quarters of Americans would rather apply for a checking account digitally than at a bank branch, according to a survey from Javelin Strategy & Research.

In the future, BBVA will be a software company - Francisco Gonzalez

19 hours ago  |  5839 views  |  1 comments | 24 tweets | 19 linkedin

Fresh from his forecasts last month that half of the world's banks would get left behind by the digital revolution in financial services, BBVA chairman Francisco González has mapped out a new future for his organisation, not as a bank, but as a software company.

Swift Nordics Conference - Live Blog Day 2

22 hours ago  |  2142 views  |  0 comments | 1 tweets

The main theme for the Swift Regional Conference in Copenhagen this year is disruption. The programme will explore the different challenges arising from newcomers, technology and regulation. It will look at how the financial industry can cope and turn these challenges into opportunities.

Efficiency is no longer a strategy, it is a necessity for banks - Finextra Research

22 hours ago  |  2871 views  |  0 comments | 16 tweets | 20 linkedin

At least 67% of bank IT budgets are still being spent on maintenance and compliance rather than transformative projects that can create value, according to research conducted by Finextra on behalf of CSC.

ID fraudsters stole $16bn from Americans in 2014 - research

05 March 2015  |  2273 views  |  0 comments | 12 tweets | 11 linkedin

Identity fraudsters stole $16 billion from 12.7 million Americans last year, with a new victim every two seconds, according to Javelin Strategy & Research.

Canadians honour Nimoy by 'Spocking' bank notes

05 March 2015  |  2052 views  |  0 comments | 9 tweets | 5 linkedin

The craze for defacing Canadian $5 bills to make former prime minister Wilfrid Laurier look like Star Treck's Spock is not illegal but is "inappropriate," says the country's central bank.

Lloyds and AmEx back fintech startup competition

04 March 2015  |  4004 views  |  0 comments | 13 tweets | 2 linkedin

Some of the biggest names in financial services are throwing their weight behind a UK competition giving fintech startups the chance to win a share of a £175,000 cash prize pot.

Bank of America sued over $1.03 million cyber-breach

04 March 2015  |  2645 views  |  0 comments | 8 tweets | 11 linkedin

A Washington hospital has filed a lawsuit against Bank of America to recover some of its losses from a $1 million cyber-breach in 2013.

RBS transforms 'executive wing' into entrepreneurial hub

04 March 2015  |  3649 views  |  0 comments | 10 tweets | 4 linkedin

Government-owned lender RBS has found a novel use for its former 'executive wing' at its Scottish HQ, transforming the space into a startup accelerator for entrepreneurs and innovation.

Temenos moves into fund admin with Multifonds acquisition

04 March 2015  |  2092 views  |  0 comments | 1 tweets | 8 linkedin

Core banking vendor Temenos is to move into the fast-growing funds admin business with a EUR235 million acquisition of Luxembourg-based Multifonds

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