Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

CommBank makes big mobile push

Buoyed by impressive user stats, Commonwealth Bank of Australia has released a suite of tablet and phone apps across multiple platforms, and promised regular upgrades for up-and-coming functionality across social media and NFC payments.

12 July 2011

News/Online banking

UK phishing gang members jailed

Three men who successfully stole millions of pounds in a concerted phishing campaign have been jailed for a total of 13 years and six months.

12 July 2011

News/Online banking

BNZ sees fast return on mobile banking investment

Bank of New Zealand is reporting $1 million in transactions in four days since the launch of its first mobile banking Web site and iPhone app, as smart-phone touting customers across the country sign up in droves to conduct banking-on-the-go.

04 July 2011

News/Online banking

FFIEC issues new security guidance to US banks

US banks have been told by regulators to improve online banking authentication to protect customers increasingly at risk from fraud.

29 June 2011

News/Online banking

Ukrainian authorities bust $70 million malware ring

Ukrainian security services acting in concert with ten national law enforcement agencies have busted a criminal ring accused of stealing more than $72 million from personal bank accounts worldwide.

28 June 2011

News/Online banking

Intuit buys Citi-SK Telecom mobile money business

Citi and South Korea's SK Telecom have sold their Mobile Money Ventures (MMV) business to Intuit. Financial terms of the deal were not disclosed.

28 June 2011

News/Online banking

Citi hackers steal $2.7m

The hackers who breached Citi's systems last month reputedly used the stolen data to loot around $2.7 million from the accounts of 3400 customers.

27 June 2011

News/Online banking

Tesco Bank online problems rumble on

Days after claiming to have fixed the problem, Tesco Bank is still being affected by a computer glitch that is preventing some savings customers from accessing their accounts online.

23 June 2011

News/Online banking

LulzSec targets banks in operation #AntiSec

Hacking collective LulzSec has set its sights on banks as part of a new campaign, dubbed Operation Anti-Security. Meanwhile, the group has cast doubt on claims that a teenager arrested by UK police today is its "glorious leader" and denied hacking the country's census database.

21 June 2011

News/Online banking

Tesco Bank systems update shuts out customers

A computer systems update has left some Tesco Bank customers unable to access their accounts.

20 June 2011

News/Online banking

ACH liability up for grabs as court finds against bank in second US cyber-heist suit

A Michigan court has found in favour of Experi-Metal in its $560,000 cyber-heist suit against Comerica Bank, contradicting a ruling last week in a separate small business ACH fraud case which came down on the side of the bank.

17 June 2011

News/Online banking

Capital One agrees $9 billion deal for ING Direct USA

Dutch bank ING is to sell its profitable direct banking arm in the US to Capital One for $9 billion in a combination of cash and shares.

17 June 2011

News/Online banking

EBAday 2011: the Sepa journey nears its end

An upbeat EBAday conference in Madrid this week saw hundreds of payments professionals from banks across Europe finally prepare to put the Sepa saga to bed and look forward to new opportunities and challenges.

16 June 2011

News/Online banking

Citi raises the numbers hit by data breach

The Citi data card breach compromised 360,000 customer accounts - 80% more than the figure initially reported - and forced the bank to re-issue 218,000 cards to affected customers.

16 June 2011

News/Online banking

EBA Clearing makes online shopping play with pan-European e-payments initiative

EBA Clearing has outlined plans to launch a pan-European electronic payments service for online shopping, enabling buyers and sellers to complete transactions through their e-banking portals.

15 June 2011

News/Online banking

Online banking problems mount for Oz banks as CBA's NetBank breaks down

The rash of online banking failures in Australia continues, as Commonwealth Bank of Australia struggles to remedy a technical error that has locked customers out of its NetBank site.

15 June 2011

News/Online banking

Citigroup hackers broke in through the public Website - NYTimes

The hackers who made off with the personal account data of 200,000 Citigroup customers allegedly broke into the bank via its public Website, focussing on a simple vulnerability in the browser address bar.

15 June 2011

News/Online banking

Tesco ready for banking switch

UK retailer Tesco says it is in the final stages of introducing its own systems and infrastructure for its fully-fledged banking operation, with savings and loans products now available to new customers

14 June 2011

News/Online banking

Spain arrests Anonymous suspects linked to bank attacks

Spanish police have arrested three suspected members of online collective Anonymous, accusing them of involvement in cyber-attacks on Sony, BBVA and Bankia, among others.

10 June 2011

News/Online banking

Royal bank accounts allegedly hacked by private detectives

Members of the royal family, including Kate Middleton, may have had their bank accounts hacked by a private investigator working for the News of the World.

09 June 2011