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

South Korean bank hit by cyber-attack

South Korean regulators are probing a possible cyber-attack on National Agricultural Cooperative Federation, which left millions of customers unable to access their money for several days.

20 April 2011

News/Online banking

Santander denies online banking hack

Santander has denied that cybercrooks have hijacked the online banking login page of its Alliance & Leicester unit.

19 April 2011

News/Online banking

PayPal to offer digital credentials to online consumers

PayPal is gearing up to play a part in a new US identity initiative which seeks to replace multiple password and user name log-ins with an interoperable set of commercially-supplied digital identities for consumers transacting online.

18 April 2011

News/Online banking

Online security set to be critical imperative for banking industry

Online bank security is set to emerge as a hot industry topic over the coming months and years, with the White House set to release plans for a national digital identity strategy, Federal agencies sitting on new proposals for strengthening bank-to-customer authentication, and the emergence of new online channels and technologies such as social media and cloud computing.

15 April 2011

News/Online banking

NAB glitch hits Aussie wage payments

Yet another technology meltdown at National Australia Bank could leave millions of people without pay this weekend.

15 April 2011

News/Online banking

US moves to take out massive botnet

The US government has acted to disable a botnet comprised of hundreds of thousands of computers infected with malware that steals financial information from victims.

14 April 2011

News/Online banking

Three billion dollar virtual economy to fuel developing countries - World Bank

Virtual online currencies and digital work are helping to fuel growth and provide real income opportunities to poor and unskilled workers in developing countries, according to a World Bank study.

08 April 2011

News/Online banking

Social media: More than just a passing fad say bankers

Finextra's international series of social media events kicked off at Thomson Reuters' London headquarters today, with participants from the financial services industry chewing over the opportunities and pitfalls presented by the likes of Twitter, Facebook and LinkedIn.

07 April 2011

News/Online banking

Halifax takes a year out to rebuild online investments Website

UK banking group Halifax is to shut down its online investments Web site for a whole year while it builds a new site, advising customers instead to use the call centre and branch network to manage their accounts.

07 April 2011

News/Online banking

Account takeover fraud plaguing US small businesses

Over half of small and medium sized businesses in the US have been hit by payments fraud in the last year and banks are failing to proactively intervene to stop attacks, according to research from Guardian Analytics and Ponemon Institute.

04 April 2011

News/Online banking

Financial services firms caught up in massive Epsilon breach

A massive data breach at US cloud marketing and communications outfit Epsilon may have exposed the customer e-mail addresses of some of the country's largest banks.

04 April 2011

News/Online banking

RSA hack explained: phishing and Flash flaw

The recent RSA data breach was caused by an employee opening an attachment in a phishing e-mail which took advantage of an Adobe Flash vulnerability.

04 April 2011

News/Online banking

National Bank of Greece unveils concept i-branch

National Bank of Greece has opened a technology-heavy concept branch in Athens designed to showcase its electronic services.

30 March 2011

News/Online banking

RBA calls for Australian payments innovation

The Reserve Bank of Australia (RBA) is calling for the country's payments industry players to coordinate on system-wide innovation.

29 March 2011

News/Online banking

American banks need mobile to attract Gen Y - Javelin

Nearly a third of America's 'generation y' have used mobile banking over the last three months and many are prepared to switch providers to get it, according to Javelin Strategy & Research.

25 March 2011

News/Online banking

Americans warming to mobile financial services - comScore

Nearly 30 million Americans accessed financial services accounts through their mobile phones in the fourth quarter of 2010, a 54% rise on the same period the previous year, according to comScore.

25 March 2011

News/Online banking

South Africa's FNB introduces ATM cash withdrawals by cellphone

First National Bank of South Africa is using mobile phones and SMS to provide temporary PIN codes for customers to make ATM cash withdrawals without the use of a bank card.

23 March 2011