News & Analysis
Nedbank South Africa revamps payments ahead of September 2016 deadline

South Africa’s Nedbank has chosen Volante Technologies to help it revamp its payments message service using VolPay Foundation, which focuses on validating and processing payments. The move comes ahead of regulatory change next year, which will force all South African institutions to change the way they handle payments.

Challenger banks line up to join Faster Payments through new access model
Craig Tillotson, Chief Executive, UK Faster Payments Scheme Ltd

Three challenger banks have committed to take advantage of a new way to guarantee settlement between banks […]

Technology fragmentation imposes testing burden on banks

As banks increasingly digitalise and provide mobile services to user’s mobile devices they face the double-whammy of having to test software that has to run on multiple environments and doing it in an increasingly short time-scales as continuous release development cycles become the norm.

LSE/DTCC regulatory reporting tie-up shows the way for collaboration

London Stock Exchange and The Depository Trust & Clearing are partnering to provide clients with a connection to the LSE’s UnaVista Approved Reporting Mechanism. The service will allow DTCC clients to comply with the Markets in Financial Instruments Regulation through their current connection from DTCC’s Global Trade Repository.

Digitalisation will double bank IT spending in next four years

Bank IT spending in developed markets is set to double over the next four years, according to figures provided by analyst firm Gartner. The rise is driven mainly by the desire to reduce maintenance costs on legacy IT and support newer, digital technologies.

Upcoming Events
The dangers of digitisation without customer insight
Ian McVey is European manager of Qualtrics

In bygone days the bank manager knew each of his customers by name but could offer them only the narrowest range of products. Today the computer can tailor bespoke financial solutions in a mass market – but has no empathy with which to convey its expertise …

Cobol – do banks speak our language?

With banking IT failures happening on a seemingly weekly basis, we perhaps should be examining the language they speak more closely. Most of our banks are built on systems and programmed with languages that pre-date the birth of the internet, let alone the birth of mobile banking …

For The Record
JWG hires MD for RegDelta platform push

JWG, the financial services regulation specialist, has appointed Blythe Barber as managing director as part of the continuation of the company’s expansion. Barber has been hired as part of an expansion of JWG’s RegDelta regulatory change management platform.

Citihub and Excel IT ally for cloud data centre services

Citihub Consulting, a global IT advisory firm, has partnered with IT services specialist Excel IT to offer a combined proposition covering infrastructure strategy and architecture through to migration logistics and ongoing support.

MyBank seeks participants for Identity Verification Service pilot

MyBank is looking for participants in a pilot phase for its Identity Verification Service to Payment Service Providers and service providers. The pilot will start in mid-November 2015 and run until February 2016. The aim of the pilot is to test the MyBank Identity Verification to ensure reliability, security and the usability of the solution.

ATM cash usage continues to grow in UK

Figures from Link, the UK’s cash machine network, show that the number of ATMs in the UK reached 70,180 in July, passing 70,000 for the first time. ATM figures from July, show that the total amount withdrawn from cash machines in July 2015 was £11.3 billion, up 4% compared with July 2014.

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