1678 articles tagged with this keyword
News/Research/analysis
FX traders expect electronic trading growth to gain momentum faster than previously expected, says a global survey released by CME Group which predicts that on average, more than 80% of all cash business will be executed electronically in 2010.
19 March 2008
Banks will spend $70 million on automating over-the-counter (OTC) derivatives processing in 2008, rising to $120 million in 2010 - a compound annual growth rate (CAGR) of 30%, according to estimates from Tabb Group.
18 March 2008
A new study from Javelin Strategy & Research shows that security concerns are continuing to prevent take-up of mobile person-to-person (P2P) payments, with just one in ten Americans willing use the services.
Despite efforts by financial institutions to provide and promote mobile banking and payments services, over half of US consumers - 53% - have no interest in using their handsets for banking or commerce, according to a survey by Harris Interactive.
13 March 2008
The rise in mobile banking and payment networks across the world is creating new opportunities for money laundering and terrorist financing, according to a report by the US Department of State.
12 March 2008
New figures released by UK payments association Apacs shows that industry losses from plastic card fraud jumped by 25% to £535.2 million last year, driven by a hefty 77% rise in fraud committed on UK cards abroad.
Broker dealers seeking new, high margin products will increasingly look to carbon emissions trading but will need to invest in technology if they are to take advantage of this growing market, according to research from analyst house TowerGroup.
11 March 2008
Internet users in the UK could lose as much as £10,077 per year as a result of online identity fraud, according to a YouGov survey for digital security firm VeriSign.
07 March 2008
There are more than 55 different execution venues competing to match buyers and sellers and trade equities electronically in the US, according to a new report from analyst group Tabb.
06 March 2008
The sub-prime credit crunch will drive retail bank spending on business intelligence (BI) technology from $5.6 billion in 2006 to $9 billion by 2012, according to a global study by market analyst Datamonitor.
Total revenues for B2B vendors in the global wholesale payments industry will grow from $18 billion in 2008 to $25 billion in 2012, a compound annual growth rate (CAGR) of 6.79%, according to research by Boston-based consultancy Aite Group.
05 March 2008
More effective IT vendor management could save banks between 10% and 30% of their technology expenditure according to a US study conducted by Silicon Valley-based research firm The FactPoint Group for ITM Software.
04 March 2008
US customers of HSBC, Bank of America and Washington Mutual have been found to suffer the highest rates of identity theft, according to research from the University of California at Berkeley.
29 February 2008
A new survey by Ernst & Young has found that the majority of global banks are failing to align IT risk management practices within more general enterprise and operational risk frameworks.
28 February 2008
Nearly the entire adult population of Norway - about four million people - now use Internet banking services, according to bank processing firm EDB Business Partners.
22 February 2008
US management consulting firm Oliver Wyman has acquired specialist financial services analyst group Celent. Financial terms of the deal were not disclosed.
21 February 2008
PayPal continues to be the most popular online payment service in Britain, with over 20 million user accounts now registered in the country, which represents more than a third of the UK's adult population.
Online banking is now a mainstream access method for retail customers on both sides of the Atlantic, but this has not led to a decline in the use of branch-based services and has actually resulted in higher take-up of other channels such as ATMs, according to a study by analyst house Gartner.
20 February 2008
Cheque volumes declined at a record rate in 2007 as customers reached instead for plastic debit cards to make payments, according to stats released by UK payments association Apacs.
15 February 2008
Salaries for IT contractors working in the City have jumped by 11% in the past six months - to the highest level for two years - as banks look to upgrade trading and risk platforms following last year's credit crunch.
14 February 2008
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