Latest Telecomms News: Finextra Research

KPN to buy Getronics

Dutch telecoms group KPN has unveiled a surprise management-backed EUR766 million bid for IT services firm Getronics.

30 July 2007

Telecom Italia wins EUR45m deal with Monte dei Paschi di Siena

Italian banking group Monte dei Paschi di Siena (BMPS) has signed a three year contract, worth EUR45 million, with Telecom Italia for the design and implementation of an integrated voice and data telecommunications network.

03 July 2007

News/Telecomms

Wachovia pilots Cisco video conferencing technology

US banking group Wachovia is piloting Cisco TelePresence, a video conferencing and collaboration system that enables virtual face-to-face meetings across multiple locations.

05 June 2007

News/Telecomms

IPC buys WestCom

Dealing room communications vendor IPC has acquired WestCom, a US private telecommunications company that provides network services to financial services firms. Financial terms of the deal were not disclosed.

01 June 2007

News/Telecomms

Banco Sabadell and Telefónica team for 'instant banking' services

Spanish banking group Banco Sabadell is investing EUR57.5 million in a joint venture with telecommunications firm Telefónica that will focus on developing anytime, anywhere 'instant banking' services, incorporating new interactive TV and mobile telephony channels.

29 May 2007

News/Telecomms

OMX launches low latency proximity service

The OMX Nordic Exchange is introducing a 'proximity service' that facilitates algorithmic trading by allowing its customers to house order management applications within its trading and market data infrastructure.

23 May 2007

News/Telecomms

Comit buys International Financial Business Solutions

Comit, a fintech consulting subsidiary of telco Swisscom, has acquired International Financial Business Solutions (IFBS), a Zurich-based provider of securities finance and collateral management technology. Financial terms of the deal have not been disclosed.

03 May 2007

News/Telecomms

Revitalised Mobey Forum adds banks and mobile operators

The Mobey Forum, a bank-backed mobile payment consortium, has signed up Dutch banks ING and Rabobank and mobile operators Telenor, TeliaSonera and SK Telecom as new members.

16 April 2007

News/Telecomms

BT Radianz and Colt to provide connectivity to Boat trade reporting platform

BT Radianz and Colt have been selected to provide connectivity and infrastructure hosting services for Project Boat, the European trade reporting platform that is being established by nine City investment banks.

04 April 2007

News/Telecomms

Lloyds TSB Corporate Markets switches to converged network

UK-based Lloyds TSB Corporate Markets has completed a £3.5 million Cisco converged communications project at its flagship premises at 10 Gresham Street in the City.

03 April 2007

News/Telecomms

Visa chief - convergence of payments and mobile comms inevitable

Visa USA president and CEO John Coghlan has called for closer collaboration between the payment card and mobile industries in order to realise the full potential for convergence between the two markets. The call comes as the card company unveils strategic investments in mobile software firm Ecrio and the .mobi consortium.

29 March 2007

News/Telecomms

LSE links to Savvis global network

The London Stock Exchange (LSE) is teaming with US telecoms firm Savvis Communications to increase global connectivity and access to its market data.

28 March 2007

News/Telecomms

US banks warned on telephone banking security

Telephone banking is still popular in the US, with over 52 million Americans actively using the services, but many banks are failing to implement strong authentication methods for the channel and are leaving customers vulnerable to fraudsters, according to the latest study from Javelin Strategy & Research.

21 March 2007

News/Telecomms

Banksys teams with telcos to launch m-payments platform in Belgium

Belgian payments network Banksys is teaming with wireless network operators Base, Mobistar and Proximus to launch a system for consumers to pay for high street purchases via mobile phone rather than by cash or bank card.

20 March 2007

News/Telecomms

Lloyds TSB launches debit card fraud detection service

UK banking group Lloyds TSB is introducing an automated telephone alert system that will warn customers of suspicious debit card transactions on their current accounts.

14 March 2007

News/Telecomms

Merrill buys into Bats Trading

Merrill Lynch has become the latest Wall Street firm to invest in Missouri-based ECN operator Bats Trading. Terms of the investment were not disclosed.

07 March 2007

News/Telecomms

ABN Amro rolls out HP video conferencing technology

Dutch investment banking group ABN Amro is introducing video conferencing and collaboration technology developed by HP across 12 key business units around the world.

05 March 2007

News/Telecomms

Lloyds TSB closes Mumbai call centre; brings work back to UK

UK bank Lloyds TSB says its contact centre in Mumbai will no longer handle customer calls from the UK because interactive voice recognition (IVR) technology introduced last year has reduced the number of calls sent through to staff.

02 March 2007

News/Telecomms

BT and KBC forge ICT outsourcing pact

UK telco BT and Belgian financial group KBC are teaming up to provide joint ICT outsourcing services to companies in the Benelux region.

01 March 2007

News/Telecomms

Credit Suisse to shift Swiss IT jobs offshore - report

Investment bank Credit Suisse is looking to outsource over half of the 5000 IT jobs at its operations in Switzerland to cheaper offshore centres, according to press reports.

26 February 2007