Branch banking

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/Branch banking

E-banking growth slows in UK - report

After a steady take-up of online banking services between 2000 and 2005, growth has slowed in the last two years and is set to remain sluggish as customers stick to using branches and ATMs, according to a UK study released by Forrester Research.

/Branch banking

SNS Bank cuts costs in move to open source

Netherlands-based SNS Bank has realised cost savings of at least EUR200,000 by migrating its transaction processing applications to an open source platform.

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Suncorp to outsource back office work

Australian banking and insurance group Suncorp is looking to transfer up to 250 back office processing jobs to Indian BPO firm Infosys as it focuses on growing its retail operations, according to press reports.

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Union Bank of India centralises branch operations with IBM

State-run Union Bank of India (UBI) has moved its national branch operations to a common server and storage system infrastructure supplied and implemented by IBM.

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US bank BB&T latest to launch mobile banking

US banking group BB&T is using technology from Californian vendors ClairMail systems and mFoundry to introduce mobile banking services to its customers.

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China's Gui Lin City Bank deploys Clear2Pay technology for ID verification

China's Gui Lin City Bank has implemented software from payments software vendor Clear2Pay to meet customer ID security requirements set out by the country's central bank.

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IBM inks new Scotiabank IT services deal

Canada's Scotiabank has signed a new multi-year IT infrastructure services contract, worth $480 million, with IBM.

/Branch banking

One slip up and Brits would ditch Web banking - study

A quarter of Brits would stop using online banking entirely if they had one bad experience and return to their high street branch, according to a study commissioned by Internet research firm Gomez.

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Generations clash over bank channel preferences

US bank customers under the age of 34 prefer the anonymity of banking by laptop to the in-person branch banking experience, according to a survey conducted by the American Bankers Association.

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Supermarkets pose big threat to bank current account base - Motley Fool

UK supermarkets have the potential to take millions of UK current account holders away from banks according to research conducted by personal finance Web site Motley Fool.

/Branch banking

One in ten bank branches closed since 2002

Around one in ten of the UK's bank and building society branches has closed in the past five years due to increasing use of Internet banking services and general cost cutting, according to new research.

/Branch banking

Lloyds TSB to axe C&G branch jobs; shift 210 IT roles offshore

UK bank LLoyds TSB is axing hundreds of jobs by closing 31 branches operated by its mortgage lender Cheltenham & Gloucester (C&G) and shifting 210 IT roles to offshore centres.

/Branch banking

Fidelity signs Banco de Credito del Peru to TouchPoint

Fidelity National Information Services (FIS) has signed Banco de Credito del Peru (BCP), the largest bank in Peru, to its TouchPoint customer interaction technology.

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Australian banks hit by tech glitches

Commonwealth Bank of Australia (CBA) and Bank of Queensland (BoQ) have both been hit by systems failures this week, according to press reports.

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UK Web banks come out top for customer satisfaction - study

The UK's direct banks are outperforming their high street rivals when it comes to customer satisfaction, according to a survey conducted by consumer group Which?

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Hbos plans £160m retail banking expansion in Australia

UK banking group Hbos has disclosed plans to invest £160 million in expanding its operations in Australia, including the opening of 160 new branches on the more densely populated east coast of the country.

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Telecom Italia wins EUR45m deal with Monte dei Paschi di Siena

Italian banking group Monte dei Paschi di Siena (BMPS) has signed a three year contract, worth EUR45 million, with Telecom Italia for the design and implementation of an integrated voice and data telecommunications network.

/Branch banking

Brits don't trust banks

Consumer confidence in the retail banking industry has "eroded significantly", with an overwhelming majority of UK customers - 71% - saying they do not trust their banks, according to research released by Unisys.

/Branch banking

Off-site ATMs outnumber branch installations for first time, says report

Cash machines installed at off-site locations now outnumber those deployed in bank branches, according to an annual study of the ATM market in Western Europe.

/Branch banking

Channel management big challenge for banks - Booz Allen Hamilton

The majority of customers still prefer to do their banking and buy financial products at branches because of poor performance of Internet and telephone channels, according to a global retail banking study conducted by management consulting firm Booz Allen Hamilton.