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Icelandic issuer provides dynamic upgrades to MasterCard CAP programme

/Branch banking

Icelandic issuer provides dynamic upgrades to MasterCard CAP programme

Icelandic card issuer Kreditkort is partnering with StepNexus, the owner of the Multos smart card operating system, to enable MasterCard cardholders to upgrade their existing EMV cards to the two factor Chip Authentication Programme (CAP), which provides PIN-based verification of online transactions.

Barclays poaches supermarket design expert for high street makeover

/Branch banking

Barclays poaches supermarket design expert for high street makeover

Barclays Bank has appointed supermarket design expert Helen Dodd to revamp its branch network.

Giesecke & Devrient inks EUR30m deal with State Bank of India

/Branch banking

Giesecke & Devrient inks EUR30m deal with State Bank of India

The State Bank of India (SBI) has signed a EUR30 million contract with Germany's Giesecke & Devrient (G&D) for the supply and maintenance of 1700 bank note processing systems.

Alliance and Leicester hires Accenture for core banking overhaul

/Branch banking

Alliance and Leicester hires Accenture for core banking overhaul

UK banking group Alliance and Leicester (A&L) has awarded a contract to overhaul its legacy core retail and commercial banking systems to technology consultancy Accenture. Financial terms of the deal were not disclosed.

UK banks look to expand branch networks

/Branch banking

UK banks look to expand branch networks

Lack of investment in wireless and Internet-based technologies could de-rail UK bank branch modernisation plans, says BT, which has surveyed banking executives about their high street investment strategies.

JPMorgan Chase completes conversion of New York tri-state accounts

/Branch banking

JPMorgan Chase completes conversion of New York tri-state accounts

JPMorgan Chase has passed a significant milestone in its ongoing Bank One technology integration effort with the conversion of New York Tri-state accounts to a unified national network linking 2660 branches in 17 states.

Yes Bank goes wireless with Intel

/Branch banking

Yes Bank goes wireless with Intel

India's Yes Bank has teamed with Intel to roll out wireless Internet technology across its national retail branch network.

HSBC talks up direct business banking

/Branch banking

HSBC talks up direct business banking

British banking group HSBC is reporting surging demand for its newly launched Internet and telephone-based commercial bank account, BusinessDirect, as more businesses shy away from expensive branch-based services.

Diebold releases branch-based fingerprint scanning system

/Branch banking

Diebold releases branch-based fingerprint scanning system

US-based Diebold is releasing a biometric fingerprint scanning system designed to enable banks to authenticate the identity of customers at the branch counter.

UK bank branches target for Chip and PIN verification

/Branch banking

UK bank branches target for Chip and PIN verification

Ingenico UK and US-based Nexus Software have developed a Chip and PIN-basesd authentication system for use in retail bank branch environments.

HSBC opens first of 80 new commercial banking centres

/Branch banking

HSBC opens first of 80 new commercial banking centres

British banking group HSBC is extending its commercial banking network in the UK and has launched the first of 80 business centres it plans to open in the next 18 months.

Banca Marche signs IBM to revamp branch network

/Branch banking

Banca Marche signs IBM to revamp branch network

Italian banking group Banca Marche has awarded IBM a five year contract to overhaul and automate its retail branch network.

Barclays axes back office jobs in retail banking shake-up

/Branch banking

Barclays axes back office jobs in retail banking shake-up

Barclays is cutting 1200 back office jobs over the next 18 months as part of a restructuring of its retail banking operations in the UK.

Barclays retail shake-up to involve consolidation and offshoring - FT

/Branch banking

Barclays retail shake-up to involve consolidation and offshoring - FT

The UK's Barclays Bank is preparing to overhaul its retail banking operations under plans which would entail shuttering processing centres and shifting more jobs offshore, according to an unsourced report in the Financial Times.

Vietnam International Bank rolls out System Access' Symbols

/Branch banking

Vietnam International Bank rolls out System Access' Symbols

Singapore-based fintech vendor System Access says Vietnam International Bank (VIB) has implemented its flagship core banking platform, Symbols.

Citi's Prince hails Web savings success

/Branch banking

Citi's Prince hails Web savings success

Citigroup says its new Internet savings account has attracted $3 billion in deposits since its launch in March, with two thirds of that "new money" to the institution, the equivalent of opening 23 new branches.

Abbey to open 100 new UK branches - report

/Branch banking

Abbey to open 100 new UK branches - report

High street bank Abbey is planning to open 100 new branches over the next ten years, according to British newspaper The Times.

Citibank Japan hit by systems glitch

/Branch banking

Citibank Japan hit by systems glitch

Citibank says a computer glitch at its branches in Japan has caused more than a quarter of a million incorrect transactions over the past week.

Commonwealth Bank strategic review puts emphasis on IT

/Branch banking

Commonwealth Bank strategic review puts emphasis on IT

The Commonwealth Bank of Australia (CBA) is renegotiating its IT outsourcing contract with EDS as it looks to implement a new business plan that will see it redirect up to $200 million of annual spending to its capital expenditure budget.

Retail banks optimistic about growth prospects

/Branch banking

Retail banks optimistic about growth prospects

Four out of five retail banks project annual growth of more than five percent over the next few years, according to research by Accenture, and are actively investing in new technology to strengthen their cross-selling capabilities.

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