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Banks face uncertainty over Sepa IT investment
...specialise in adding value through advice rather than high-volume payment processing. "Sepa will have a big impact on banks that do a lot of processing but we are not doing anything ourselves." Michael Mueller, managing director of wholesale... http://www.computerweekly.com/Articles/2009/09/10/237645/banks-face-uncertainty-over-sepa-it-investment.htm
Banks have too many staff in branches, says report
...operations and could save up to £50m a year through automation and self-service systems. The gap between those banks that have become efficient through automation and those that have not is growing. According to research carried out by... http://www.computerweekly.com/Articles/2009/11/18/239239/banks-have-too-many-staff-in-branches-says-report.htm
Finance's lack of cloud commitment is a surprise
...expresses surprise. The findings of the survey were surprising, as I know several senior managers in investment banks that are already investing in on-demand business intelligence in preference to traditional on-premise, mainframe-powered... http://www.computerweekly.com/Articles/2009/10/26/238301/finances-lack-of-cloud-commitment-is-a-surprise.htm
LSE eyes Turquoise to boost independence in Europe
...established exchanges to lower their fees. An acquisition of Turquoise would also help the LSE get buy in from the banks that set it up in the exchange's initiative to roll out the Baikal "dark pool" trading system across Europe. The... http://www.computerweekly.com/Articles/2009/10/02/237952/lse-eyes-turquoise-to-boost-independence-in-europe.htm
Banks begin processing Sepa direct debits
...tank The Financial Services Club, said many banks are not yet compliant. "There are only about a quarter of European banks that are compliant." Uncertainty about Sepa's implementation is making it difficult for banks to commit to it. According... http://www.computerweekly.com/Articles/2009/11/02/238373/banks-begin-processing-sepa-direct-debits.htm
Experian integration boosts fraud detection
...Wood told Computer Weekly, “Some clients have been using one or the other, and we’ve proven with some big retail banks that detection rates and false positives are improved by 20% [using both together].” He said that co-ordinating... http://www.computerweekly.com/Articles/2006/12/07/220412/experian-integration-boosts-fraud-detection.htm
HBOS to extend security system to debit cards after major reduction in online fraud
...Uri Rivner, head of business development at RSA Cyota. RSA Cyota has created an e-fraud network to allow other banks that have signed up to the system to instantly alert each other to new fraud patterns. RSA Cyota hosts the eVision service... http://www.computerweekly.com/Articles/2006/03/14/214725/hbos-to-extend-security-system-to-debit-cards-after-major-reduction-in-online.htm
Smart Trojans used to ransack bank accounts
...The scale of losses due to internet banking fraud is largely hidden because there is no law that requires disclosure by banks that prefer not to talk about it," he said. The Trojans also make sure that targeted bank accounts are not left with... http://www.computerweekly.com/Articles/2009/09/30/237923/smart-trojans-used-to-ransack-bank-accounts.htm
Regulator offers clues on TJX security failings
...they sat on the information too long," he said. "They probably had an obligation to report this breach sooner to the banks that had to reissue credit cards and so on. The communication between TJX, the banks and others was not coordinated very... http://www.computerweekly.com/Articles/2007/03/30/222779/regulator-offers-clues-on-tjx-security-failings.htm
TJX pays US states $9.75m for data breach
...Since the data breach was disclosed, TJX has paid millions in compensation to customers whose details were stolen and to banks that were defrauded as a result. Jeffrey Naylor, chief financial officer at TJX, said the settlement with the state... http://www.computerweekly.com/Articles/2009/06/26/236668/tjx-pays-us-states-9.75m-for-data-breach.htm
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Another iPhone worm, but this one is serious
...device. It also looks for authentication systems that use SMS, better known as mTANs. mTANs are frequently used by banks that send an SMS message with a password to mobile phones, allowing people to log in to their online accounts, Sophos wrote... http://news.cnet.com/8301-13506_3-10403425-17.html
January 2009 - Banks that have invested in technology and innovation to reduce costs and improve...
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Sidney Hill, Jr.: SaaS economics seem to favor users more than vendors
Microsoft Trial Misconduct Cost $40 Million
Performance Perspectives from IBM
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Misys Summit FT V5.4 Expands Risk and Compliance Coverage
...of limits. It provides banks whose primary dealing system is Summit with a single solution approach. Alternatively, banks that allocate credit and market risk limits across multiple trading systems can now benefit from Misys' enterprise-wide... http://www.prnewswire.com/news-releases/misys-summit-ft-v54-expands-risk-and-compliance-coverage-72392847.html
Banks that deploy advanced ATMs will need to offer basic cash-dispensing and collection services in...
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THE BOND MARKET ASSOCIATION
TechCrunch Becomes ValleyWag, Publishes Utter Nonsense | SEO Book.com
Finextra: comment - The banks that like to say no
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