Citi signs up for SAP cloud-based corporate-to-bank solution

Chikarmane: the cloud can help tier-one banks and corporates increase efficiency

Cloud computing company SAP has signed a deal with Citibank for a major new cloud platform that promises to simplify corporate to bank connectivity for some of the world’s largest banks, Banking Technology has learned.

Research firm aims to identify winners and losers in High Street struggle

UK consumers are turning their backs on the big brands in favour of competitors

A new monthly index that measures UK current account switching has been launched by research firm TNS, providing a snapshot of changing consumer behaviour as the UK Payments Council’s switching service begins to take effect.

Global regulation emerges as Sibos key theme

Dissatisfaction with global regulators has been expressed during the entire Sibos week, with the topic being raised in sessions across the board.

Innovation: there is a better way


Innovation in financial services may not generate products quite so world-changing as the inventions of Edison, but the principle of finding better ways to do something does inform most developments.

RBS prepares for SEPA with Canada’s CGI Group

RBS will use CGI technology to help it prepare for the Single Euro Payments Area

The Royal Bank of Scotland has chosen Canadian IT firm CGI Group to help its corporate clients manage the transition to SEPA, the European Union project to simplify bank transfers denominated in euros.

RBS poaches Berndt from BAML to head global transaction services


RBS has hired Carole Berndt as global head of transaction services. Berndt has been EMEA head of transaction banking at Bank of America Merrill Lynch for the past three years. She will be based in London and report to John Owen, chief executive, International Banking, at RBS, who said: “I am delighted to welcome Carole […]

Doubts cloud UK Treasury retail competition plans

Leadsom: more competition in retail banking is needed.

UK Treasury officials and senior bank representatives showed diverging views over the future of retail banking at an event hosted by Experian in London yesterday, revealing differences of opinion about how best to reform the sector.

RBS puts Pain in charge of compliance

Jon Pain RBS

The Royal Bank of Scotland has appointed former FSA supervisor Jon Pain as head of its conduct and regulatory affairs division, reporting directly to chief executive Stephen Hester.

RBS and NatWest online platform targets British SMEs

RBS and NatWest have launched a free online business supplier community called BizCrowd, which is designed to encourage collaboration between British SMEs.

RBS names Marcar as CIO for markets


Royal Bank of Scotland has named Scott Marcar as chief information officer for the markets unit of its Markets & International Banking division. He will be based in London and report to David Shalders, chief logistics officer, Markets.