Target2-Securities, the European Central Bank project to harmonise Europe’s post trade infrastructure, has finally gone live in Italy – three months after Italy’s last-minute decision to drop out of the first wave earlier this summer.
BNY Mellon expects to have its SunGard InvestOne system back to normal today following testing over the weekend and the US Labor Day holiday and have caught up on the generation of net asset values for clients.
ANZ has signed a five-year, A$450 million (£208 million) strategic agreement with IBM, the centrepiece of which is the establishment of a cloud-based Innovation Lab based on IBM’s Bluemix cloud development platform-as-a-service.
More than £2.5 billion was spent in the UK using contactless cards in the first half of 2015 and this is likely to increase even more as the upper limit for contactless payments increases from £20 to £30 from today.
The UK payments industry and regulators should focus on four main priorities to ensure the country has a ‘world class’ payments framework, according to Payments UK.
Credit unions play a critical role in local economies of countries throughout Latin America and the Caribbean, serving as a vital savings and credit conduit to vast numbers of people, especially those in the lower rungs of the income pyramid who are in many cases, priced out of the traditional banking system
Even as they cement their recovery from the financial crisis, adherents to traditional banking models are facing a new storm as they grapple with the digital demands of the Facebook generation and heightened regulatory risks surrounding data. At the same time, they must match the customer service levels offered by the “challenger” banks if they are to avoid haemorrhaging business to their nimble and digital-focused rivals.
Jürg Weber has been appointed as the new division chief executive of SIX Payment Services and a member of SIX Group executive board as of today.
Global capital markets specialist, Hatstand, has launched a cyber-security risk assessment service that will enable businesses to better understand the current state of their preparedness against the risk of cyber-attacks and identify any shortfalls in their existing governance programmes.
Service provider Ciber claims to have solved one of the most expensive problems in business: upgrading legacy systems to make them secure and cloud friendly. Its new system, Ciber Momentum, converts the code from languages such as Cobol, Ada and Pascal into a more cloud-ready format.
Kuala Lumpur-based Hong Leong Bank Berhad has selected the Intellect Global Transaction Banking platform as the basis for a digital transformation of its wholesale banking services.