FormatRSS

Raiffeisen Bank Romania in digital tech revamp with Backbase

Backbase opens new R&D centre in Cardiff

Raiffeisen Bank Romania, a subsidiary of Austria’s Raiffeisen Group, is modernising its channels delivery with Backbase.

Automation in US banking – part 2

Two US credit unions outsource core processing to Symitar

Art Gillis, a seasoned banking technology consultant (working in the computer industry since 1958 – and listed as a top 25 tech consultant by the American Banker) and author, presents his latest “Automation in Banking” report (#31!), which looks at the US core banking and ancillary software market.

House of Lords calls for action on UK financial exclusion

UK flag

The House of Lords Financial Exclusion Committee is calling for the UK Government, the Financial Conduct Authority (FCA) and banks to give greater priority to tackling financial exclusion. In its new report, “Tackling financial exclusion: A country that works for everyone?”, the Lords want an end to the “scandal of the poorest being excluded from […]

Samsung makes your wedding ring a payments plaything

Samsung, Smartlink and Ingenico have unveiled their “contactless companion platform” (CCP) to let people pay for things using anything they’re wearing — such as a watch or a wedding ring. It has been built with a dual interface smart card chip for multiple applications and form factors. Users tap the wearable on an NFC card […]

Accenture, IBM and Microsoft fuel blockchain market growth

Blockchain

The global blockchain market will experience massive growth during the next five years – powered by the activities of “key vendors” Accenture, IBM and Microsoft. According to Research and Markets’ report, “Global Blockchain Technology Market 2017-2021″, the market will increase at a compound annual growth rate (CAGR) of 55.59%. One trend in the market is […]

Criminals turn their attention to online fraud in the US

Cyber crime

Criminals have deepened their focus on US online transactions since the country’s October 2015 EMV liability shift, with card-not-present (CNP) fraud expected to hit $6.4 billion in 2018, according to a new report from the US Payments Forum.

SIX picks IBM Watson for cybercrime fight

Switzerland

SIX Securities Services, Switzerland’s post-trade market infrastructure, will use IBM Watson for its new cognitive security operations centre (SOC). The new facility will be housed at SIX’s offices in Switzerland to provide localised cybersecurity services “tailored to the needs of the region”. Robert Bornträger, division CEO SIX global IT, says IBM is a “logical partner” […]

Citi Digital Money Symposium: learning to swim during a tsunami

Citi

At yesterday’s Citi Digital Money Symposium, the question of a strategic response to fintech and the broader innovation challenge was posed to speakers from a number of large incumbent firms in the financial services sector.

Nordea Bank Russia takes a risk on Wolters Kluwer OneSumX

Wolters Kluwer’s OneSumX risk and management information systems (MIS) reporting solutions will be implemented at Nordea Bank Russia (NBR). The MIS solution is part of the firm’s business analytics offering. OneSumX is designed to manage finance, risk and compliance and “improve organisational efficiency and profitability”. NBR will specifically use OneSumX risk management for asset and […]

Accenture to acquire payments consulting firm First Annapolis

Accenture

Accenture will acquire First Annapolis, a privately held payments consulting and advisory firm. Alan McIntyre, senior managing director, and head of Accenture’s Banking practice, says the acquisition “will enhance our capabilities in the payments sector”. Terms of the transaction were not disclosed. The acquisition, which is subject to customary closing conditions, is expected to close […]

@banking
techno