VocaLink signs ATM deal with UnionPay

The regulator encourages banks to sell their stakes in Vocalink

VocaLink, the payment systems provider, has signed a five-year deal with China’s UnionPay International, which will enable UnionPay cardholders to access ATMs in the UK and continental Europe. Under the deal, VocaLink will provide ATM transaction processing and UnionPay sponsored access. VocaLink says on average, the value of UnionPay card withdrawals from UK ATMs are […]

Fidor Bank and Telefónica Germany to launch O2’s first mobile bank account

SIA says Jiffy will unify German P2P mobile payments for the first time

Telefónica Germany, in association with Fidor Bank, will be launching its mobile banking offering, “O2 Banking”, in Germany in late summer 2016. Matthias Kröner, CEO of Fidor Bank, says the collaboration offers “the best of two digital worlds”. Namely, banking services via a mobile app and additional services from an O2 mobile contract. Fidor says […]

European Banking Federation pushing for global policy on cybersecurity

ebf 2

The European Banking Federation (EBF), the Global Financial Markets Association (GFMA) and the International Swaps and Derivatives Association (ISDA) are planning global policy measures on cybersecurity, data and technology through a new set of common principles. In its paper, “International Cybersecurity, Data and Technology Principles”, the organisations want to create a “starting point for dialogue […]

DTCC teams with Korea Exchange for trade repository solution


The Depository Trust & Clearing Corporation (DTCC) and the Korea Exchange (KRX), the securities exchange operator in South Korea, have signed a memorandum of understanding (MoU) to co-operate with each other on a trade repository solution in South Korea. Under this deal, both organisations will explore linking DTCC’s global trade repository (GTR) solution directly to […]

IBM Watson to bring cognitive computing to South Korean banking

IBM Watson

IBM and SK Holdings C&C, a South Korean IT services company, are planning to bring IBM’s Watson cognitive technology language services to South Korean banking. The alliance, which includes training Watson to understand Korean, is designed to “dramatically accelerate” the adoption of cognitive computing throughout the region, giving South Korea-based developers a set of localised […]

NCR and Huntington Technology Finance team up for ATM lease financing


NCR Corporation (NCR) has signed a strategic alliance agreement with US-based Huntington Technology Finance to provide lease financing for NCR ATMs, including “ATM-as-a-Service” type options, for financial institutions (FIs). The new relationship gives FIs a single, monthly (or quarterly) payment for their NCR equipment, deployment, service, administration and software. Gordon Fraser, remote services management director, […]

Sopra Steria partners with DataStax for data storage tools for banks and FIs

Melba Foggo, MD of Sopra Steria

Sopra Steria has teamed with DataStax, a provider of database software for cloud applications, as they target finserv organisations across the retail banking, investment banking and trading sectors. Working with DataStax, Sopra says it will provide solutions to some of the “biggest challenges” currently facing traditional banking institutions, such as compliance with “ever more stringent […]

Calypso teams with Sernova for cloud-based clearing


Calypso Technology, a provider of treasury and capital markets (TCM) software, and Sernova Financial, a turnkey post-trade services provider, have partnered to deliver cloud-based clearing services. Sernova Financial will use the Calypso platform, which “recreates the shared infrastructure and service elements of a traditional clearing broker”. Charles Marston, executive chairman of Calypso, says: “As capital […]

IBM launches “first secure” blockchain services on cloud


IBM has launched a new framework for “securely” operating blockchain networks, as well as new services on the IBM Cloud that are designed to meet existing regulatory and security requirements. Working with teams of security experts, cryptographers, hardware experts and researchers, IBM says it has created new cloud services for “tamper-resistant, trusted” blockchain networks. Jerry […]

LzLabs partners with Cobol-IT for world’s “first” software-defined mainframe


Swiss software start-up LzLabs is collaborating with Cobol-IT to deliver the world’s “first” software-defined mainframe, designed to move legacy mainframe applications and data to open Linux server and cloud platforms. Cobol-IT will act as an integrated software provider for the solution as it is implemented for LzLabs’ customers across the world. Announced at CeBIT 2016, […]