Tag: Banking

February 21, 2022

A new Android banking trojan with over 50,000 installations has been observed distributed via the official Google Play Store with the goal of targeting 56 European banks and carrying out harvesting sensitive information from compromised devices. Dubbed Xenomorph by Dutch […]

March 14, 2017

Banks should not use software robots on messaging platforms for a few more years because the customer experience is not yet good enough, according to Forrester Research. Software is used in sectors such as retail and mobile phone to automate […]

January 10, 2017

A high-stakes competition is underway between traditional financial services institutions and disruptive FinTech startups. The Economistreports that more than $25 billion has been invested in financial technology — FinTech — in the last five years, with 4,000 firms challenging banks in just about every product […]

December 6, 2016

Some 81% of Singapore’s affluent middle class use banking and finance apps to engage with financial service organisations, according to a report by Collinson Group. The report said that this presents financial services institutions with an opportunity to engage with […]

November 15, 2016

The Competition and Markets Authority (CMA) has called on the largest banks in the UK to develop a set of core open API (application programming interfaces). As part of its reforms to banking, the CMA said banks will be required […]

November 11, 2016

Banks are under pressure to meet the Basel Committee on Banking Supervision (BCBS) 239: Principles for effective risk data aggregation and risk reporting (RDARR), but it is not easy to get the policy and technical elements right, such as governance […]

August 10, 2016

Despite the market’s turbulence earlier this year, Raymond James Financial Inc.’s revenue and profit rose in its second fiscal quarter on strength in its banking and lending activities. The St. Petersburg, Fla.-based brokerage firm earned $125.8 million, or 87 cents […]

May 13, 2016

Financial transaction network SWIFT has renewed its warning to customers to be on their guard following the discovery of malware at another bank using its services. The bank first asked customers to take steps to secure their systems in the […]

April 4, 2016

Barclays bank is closing a technology hub in the US and laying off 270 people as it weighs up its global delivery options. The centre in McKinney Texas – which is part of Barclays investment banking arm – was set […]

April 1, 2016

A report from US banking group Citigroup predicts that more than a third of banking jobs in Europe will disappear over the next decade as new financial services technology takes over. In its Digital Disruption report, Citigroup said 37% of […]

March 29, 2016

Norwegian retail bank DNB has announced plans to close half its remaining branches as the country’s move to digital banking gathers pace. A total of 600 full-time positions will be lost, although the bank is allocating new resources to customer […]

March 14, 2016

Financial services technology has overtaken regulatory tightening as the most pressing trend in the banking industry, and could be fatal for banks that make the wrong decisions. Fintech, as it is known, will put bank IT departments to the test […]