Transaction banking

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/Transaction banking

Professor predicts 'major bank will fail' from cyber attack in 2017

The chairman of the UK's National Cyber Management Centre (NCMC) has warned that "a major bank will fail as a result of a cyber attack in 2017" leading to "a loss of confidence and a run on that bank".

/Transaction banking

India's SBI to launch digital-only bank

The State Bank of India (SBI), the country's largest lending institution is to experiment with branchless banking after announcing plans to launch a digital-only bank later this year.

/Transaction banking

US regulator cites fintech as risk to banking system

Emerging financial technology poses a threat to US banks that are unable to compete with this developing field, according to an official report from the US Office of the Comptroller of the Currency (OCC).

/Transaction banking

Scottish University creates fintech degree course

The University of Strathclyde has launched a Masters of Science (MSc) programme in fintech, what it claims is the first such course in the UK.

/Transaction banking

Indonesia issues new rules for fintechs

The Indonesian Financial Services Authority (OJK)has introduced new regulations for fintech firms running a peer to peer lending business, according to a report in the Jakarta Post.

/Transaction banking

Watchdog questions Mastercard takeover of VocaLink

MasterCard's £700m acquisition of UK-based payment provider VocaLink has hit a snag after the Competition and Markets Authority (CMA) voiced concerns over the deal.

/Transaction banking

Concardis partners with IAV to develop automotive marketplace

Payment service provider Concardis and IAV, one of the leading development partners for the automotive industry, will be presenting the Automotive Marketplace at the Consumer Electronics Show (CES) from 5 to 8 January 2017 in Las Vegas.

/Transaction banking

House of Fraser invests £35m in neobank Tandem

A UK department store is making a multi-million pound investment in an app-only challenger bank in order to offer its shoppers an exclusive banking tool and payment method.

/Transaction banking

New 'secure' £1 coin to be released in March

The UK treasury is set to roll out a new £1 coin in late March which it claims is the most resistant to counterfeiting ever produced.

/Transaction banking

Banks must convert to customer-centric models

Kanika Hope, Strategic Business Development Director, Retail & Corporate Banking, Temenos, speaks about how disruption is changing the structure of the retail banking industry and why legacy infrastructures in most banks are no longer fit for purpose.

/Transaction banking

Cyber terrorism: a defining issue of our time

George Doolittle, Executive Vice President, Head of Global Payment Services, Wells Fargo, outlines how cybercrime should be tackled and how banks should be driving new technology.

/Transaction banking

Real-time payments encourage a rethink of banking

Paris F. Roselli, Senior Vice President, Digital & Telephone Banking & Payments Strategy, M&T Bank, discusses how fintech is impacting digitalisation, and how banks can leverage data and real-time payments.

/Transaction banking

FSB bids to arrest decline in correspondent banking

The Financial Stability Board (FSB) today published its latest progress report on the implementation of its four-point action to assess and address the decline in correspondence banking.

/Transaction banking

Everybody has a role in tackling cyber threat

Stephen Gilderdale, Managing Director, UK, Ireland and Nordics SWIFT, speaks about the perception of cyber threat, the impact it’s having on the financial community and where SWIFT’s Customer Security Programme fits in.

/Transaction banking

All institutions should be concerned about risk

Dr. Miriam Sinn, Senior Oversight Expert, Deutsche Bundesbank, speaks about how prepared the market is for cyber threats and what can be done to continue working on cyber protection.

/Transaction banking

Dealing with regulatory-led tech transformation

Mathew Wells, Principal, Wavestone, and Marlena Millard, Senior Account Manager (FS), Wavestone, outlines the regulatory change challenges facing CIOs and CROs and how technology can help meet the regulation demands.

/Transaction banking

Finextra's 2016 in review

As Finextra pulls the shutters down on 2016, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 3 January 2017.

/Transaction banking

Your system must be ready to react

Marcel Bronmans, COO, SWIFT, defines the role of operational resilience and how Swift ensures it is carried out.

/Transaction banking

BNP Paribas applies blockchain technology to corporate payments

BNP Paribas has completed its first live cross-border B2B payments between corporate clients using blockchain technology.

/Transaction banking

Agile implementation allows higher success rate

Anders Holm, Delivery Director, Nordics, Temenos, outlines the differences between agile implementation and other approaches, and its pros and cons.