Mobile phone voice authentication database unveiled by Voice Commerce

Voice Commerce has launched KYC Secure, a new federated voice biometric database that can authenticate a consumer’s identity over their mobile phone. The vendor, which is authorised by the UK Financial Services Authority under the Payment Services Regulations and provides a range of payment, e-commerce and mobile money services to banks, retailers and others, alongside […]

Dallas bank takes its PIN verification security in-house

North Dallas Bank & Trust Co has introduced Thales’ hardware security modules and S1 Postilion software to help it move from outsourced PIN verification for ATM and debit transactions towards an in-house solution that delivers lower transaction costs and improves customer service by providing real-time balances. The bank, with five branches in the Dallas, Texas, […]

Kenyan bank licenses core banking solution from Misys

The Co-operative Bank of Kenya is deploying the BankFusion Universal Banking solution from Misys under license on its retail banking, trade finance and treasury functions to introduce more automation and efficiency into its core banking operations. The deployment is also supporting the bank’s plans to expand its product portfolio, services and market share in East […]

New proximity hosting service for LSE unveiled by Colt

Colt is to provide a proximity hosting service for financial institutions wanting to connect to the London Stock Exchange Group data centre, strategically located in the heart of the City of London. Developed in partnership with LSEG, the new low latency service will enhance the portfolio of hosting solutions available to the exchange’s customers and […]

Contactless card payment terminals rolled out by PayPoint and LloydsTSB Cardnet

In an effort to encourage the uptake of contactless payments in the UK, PayPoint and the supporting LloydsTSB Cardnet infrastructure it uses is distributing 1,000 contactless PIN pads to shops across the country free-of-charge, with associated marketing stickers and mats. Contactless credit and debit card payments can now be accepted from the first quarter of […]

Special Report: Data Centres

The heart of any business depends on getting the basics right and the most common engine of growth at financial institutions is data. Customer data to cross-or up-sell, regulatory data to ensure you keep your license, market data, and the speed it is delivered at, to beat trading rivals – all of these things rely […]

Morgan Stanley makes Jim Rosenthal group-wide COO … again

Morgan Stanley has named Jim Rosenthal to take over as group-wide chief operating officer, replacing Tom Nides who has left to join the US State Department as deputy secretary for management and resources. Rosenthal arrived at Morgan Stanley in 2008 from property firm, Tishman Speyer, as head of group-wide technology and operations but lost some […]

A question of distribution

The Retail Distribution Review is the most important review of the UK financial advisory market in over 20 years. Although not due to come in until 2013, it will be a fundamental overhaul of the way in which advisors operate and is expected to result in large-scale consolidation amongst the IFA community. The review will […]

UK financial services growth will slow and job prospects look grim, says CBI/PwC survey

Activity in the UK financial services sector grew for the second quarter in a row up until 31 December according to the latest CBI/PricewaterhouseCoopers Financial Services Survey, but the pace of growth is now slowing and each sector differed sharply with investment management and securities trading still doing well, while High Street banks struggled. Job […]

Into a new decade: facing the future

A decade ago, the job title chief information officer barely existed; banks had IT directors – often dozens of them. These days the title has suffered a similar inflation, but the man at the top of the pile – and it still tends to be a man – can really set the pace in an organisation. […]