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

Faster Payments stalls among non-clearing banks

The UK's Faster Payments service has had a successful start among the founding clearing banks since its launch last May but adoption of the system by other financial institutions has been disappointing, according to a survey from MPI Europe.

21 January 2009

News/Research/analysis

US financial institutions hit by 78 reported data breaches last year

Reported data breaches in the US during 2008 were up 47% on the previous year, to 656, of which 78 affected financial institutions, according to a study from the Identity Theft Resource Center (ITRC).

15 January 2009

News/Research/analysis

Mobile banking numbers to hit 150m by 2011 - report

Over 150 million people in developed markets will be using their mobile phones as an additional banking channel by 2011, according to a study from Juniper Research.

14 January 2009

News/Research/analysis

North American bank IT spending to grow in 2009 - Celent

Despite the economic gloom, spending by North American banks on IT will continue to grow in 2009, up 1.7% on 2008 to hit $50.3 billion, according to a report from Boston-based analyst Celent.

14 January 2009

News/Research/analysis

Global financial services tech spending to fall - Celent

Global IT spending by financial services firms will slip 1.3% in 2009, to $353.3 billion, as firms tighten their belts during the economic crisis, according to Boston-based analyst Celent.

12 January 2009

News/Research/analysis

Brits find cash more compelling argument for online billing than fraud - survey

Firms looking to convert customers to online billing should eschew security and environmental arguments in favour of offering cash incentives, according to a survey for electronic bill presentment and payment (EBPP) outfit OneVu.

05 January 2009

News/Research/analysis

Crisis exposes banks' weak risk management practices - Ernst & Young

The economic crisis has exposed inherent weaknesses in the risk management practices of banks, but few have a well-defined vision of how to tackle the problems, according to a study by Ernst & Young.

18 December 2008

News/Research/analysis

US e-tailers to lose $4bn to fraud in 2008 - CyberSource

US e-commerce merchants expect online fraud to cost them a record $4 billion this year, up from $3.7 billion in 2007, according to a survey from electronic payments outfit CyberSource.

10 December 2008

News/Research/analysis

ID theft fears drive support for biometric verification

Over two thirds of people would be willing to undergo fingerprint scans to verify their identities when dealing with banks and government organisations, according to a global survey from Unisys.

09 December 2008

News/Research/analysis

US small businesses want mobile banking - Aite

US small business owners are showing a growing interest in mobile banking, with around a third saying they are likely to use such services, according to a survey from Boston-based consultancy Aite Group.

03 December 2008

News/Research/analysis

UK online bankers think security threat is rising - survey

Over 60% of Brits who bank online believe they face a greater security threat now than when they first signed up to the service, according to a poll for vendor Xiring.

26 November 2008

News/Research/analysis

New tech key for banks looking to capture 'millennial' generation - survey

Banks need to step up their use of new technology like instant messaging and SMS if they are to capture the 'millennial' generation of 18 to 30 year olds, according to research commissioned by Microsoft.

18 November 2008

News/Research/analysis

AML professionals see pay hit by economic crisis - survey

Anti-money laundering and counter-terrorist financing professionals around the world have seen their salaries decrease in 2008, according to a survey from the Association of Certified Anti-Money Laundering Specialists (Acams).

12 November 2008

News/Research/analysis

Europe embraces social networking at work

Around two thirds of employees in Europe use social networking tools as part of their everyday work life, with 65% saying the technology has made them, or their colleagues, more efficient, according to a survey commissioned by AT&T.

11 November 2008

News/Research/analysis

Canada begins Chip and PIN roll out

Canada's payments association Interac has begun the national roll out of Chip and PIN debit cards after participants in a trial gave the technology a thumbs up.

28 October 2008

News/Research/analysis

Mobile Internet users shy away from banking - IBM

Despite growing interest among consumers in accessing the Internet through their mobile phone, most people still prefer to use a PC when it comes to banking, according to a survey commissioned by IBM.

23 October 2008

News/Research/analysis

Phishers look to cash in on bank chaos

There has been a surge in the number of phishing e-mail attacks over the last month as fraudsters look to cash in on the confusion surrounding bank mergers and acquisitions, according to figures from security services firm MessageLabs.

21 October 2008

News/Research/analysis

Firms to increase spending on low-latency options trading technology

North American hedge funds and asset managers will spend $253 million on low-latency options infrastructures in 2008 and this is set to rise to $305 million in 2011, a compound annual growth rate (CAGR) of six per cent, according to Tabb Group.

16 October 2008

News/Research/analysis

Asia Pacific banks to increase IT spending, despite crunch

Despite the global economic gloom, over two thirds of banks in Asia Pacific expect to increase spending on technology in 2009, according to research from Financial Insights.

13 October 2008

News/Research/analysis

City banks to slash 62,000 jobs

With the economic crisis worsening, financial firms in the City of London are set to cut 62,000 staff by the end of next year, taking employment back to levels last seen in 1998, according to a forecast from the Centre for Economics and Business Research (CEBR).

13 October 2008