Latest Online banking News: Finextra Research

General Electric plans UK online bank - report

US conglomerate General Electric is planning to launch an online bank, becoming the latest player to take on Britain's high street financial institutions, according to the Sunday Times.

16 August 2010

News/Online banking

A&L account migration to Santander platform causes e-banking problems

Some Alliance & Leicester customers have been unable to carry out certain online transactions thanks to a systems glitch caused by the transfer of accounts to the Santander IT platform.

12 August 2010

News/Online banking

Strong UK demand for online money management tools - Yodlee

Over half of Brits are "highly interested" in managing their money online through a single Web site, according to a survey from Yodlee.

11 August 2010

News/Online banking

Zeus Trojan steals £675,000 from UK bank

Cyber-crooks have tapped the infamous Zeus Trojan to steal around £675,000 from customers of a major, unnamed, UK bank, according to M86 Security Labs.

10 August 2010

News/Online banking

Laptop repair man jailed over theft of e-banking details

A laptop repair engineer caught trying to hack into the bank account of an undercover Sky News reporter after stealing login details from her machine, has been sentenced to nine months in jail.

06 August 2010

News/Online banking

UK-specific Zeus botnet hits 100,000 PCs

A Zeus version 2 botnet controlling more than 100,000 computers to steal online banking and card details in the UK has been uncovered by security outfit Trusteer.

05 August 2010

News/Online banking

Singapore central bank slams DBS and IBM over systems outage

The Monetary Authority of Singapore (MAS) has strongly criticised DBS and IBM over last month's seven-hour system-wide outage, ordering the bank to redesign its online and branch technology and reduce its reliance on Big Blue.

05 August 2010

News/Online banking

Police arrest six over phishing scam

The Metropolitan Police's Central e-Crime Unit (PCeU) has arrested six people accused of phishing the details of more than 20,000 online banking and credit card accounts before using the information to steal millions of pounds.

04 August 2010

News/Online banking

Citi to put Egg up for auction - FT

Citi plans to put UK online banking unit Egg up for auction as part of its ongoing disposal of non-core assets, according to the Financial Times.

04 August 2010

News/Online banking

Metro Bank opens doors as Virgin Money sets back launch date

Metro Bank, the first new high street player to enter the UK market for over 100 years, has opened its doors to the public, running on a technology platform from Swiss vendor Temenos.

29 July 2010

News/Online banking

Westpac taps Fiserv for online overhaul

Australia's Westpac has selected technology from US vendor Fiserv for an overhaul of its retail, business and corporate online services.

28 July 2010

News/Online banking

Aussie pleads guilty to bank Trojan charges

An Australian man accused of infecting over 3000 computers with malware designed to steal banking and credit card details has pleaded guilty, according to local reports.

27 July 2010

News/Online banking

China leads while US lags in mobile banking uptake

China is leading the world in the uptake of mobile finance, with 77% of consumers using their phones to conduct financial transactions, according to a global survey carried out by KPMG

23 July 2010

News/Online banking

Financial crisis spurs direct banking uptake

Demand for direct retail banking services has risen since the financial crisis, posing a major technological challenge for financial services providers desperate to attract and keep increasingly disloyal customers, according to research from Accenture.

19 July 2010

News/Online banking

Bank of America to introduce fee-free online-only account

Bank of America is to debut a new online-only account that offers free banking to customers who dispense with paper statements and branch-based transactions.

16 July 2010

News/Online banking

Zeus variant uses card authentication programmes to dupe users

Security company Trusteer is warning of a new variant of the Zeus malware trojan that mimics the Verified by Visa and MasterCard SecureCode enrollment screen to rip sensitive data and passwords from PC users.

14 July 2010

News/Online banking

IBM employee fingered as culprit in massive DBS outage

An IBM employee has been fingered as the culprit behind a seven-hour system-wide outage that knocked out all consumer and business banking services and ATM and POS transactions at Singapore's DBS Bank on Monday.

14 July 2010

News/Online banking

Zeus gets upgrade; Pakistan authorities bust hacking gang

The Zeus crimeware toolkit has morphed again, with the latest version concentrating on stealing login details for banks in Germany, Spain, the UK and US, according to CA Technologies.

13 July 2010

News/Online banking

Lord Levene venture eyes Lloyds online unit Intelligent Finance

The new high street bank being set up by City grandees Lord Levene and Sir David Walker is eyeing up the acquisition of Lloyds' online unit Intelligent Finance, according to press reports.

12 July 2010

News/Online banking

Crédit Agricole taps Temenos T24 for new online private bank BforBank

Credit Agricole's new online private bank targeting the French mass affluent market, BforBank, has gone live on the Temenos T24 technology platform.

12 July 2010