The Reserve Bank of Australia has set up a project team to explore the creation of a central payments hub for real-time bank account transfers.
Financial technology entrepreneurs are being asked to pitch their ideas for a London-based programme that will see them get assistance and advice from executives at major banks and venture capital companies.
VocaLink, First Data and Accenture are planning to build a system similar to the UK's Faster Payments service in Australia, enabling consumers and businesses to transfer funds between bank accounts in near real-time.
Accenture (NYSE: ACN) has been selected by Wing Lung Bank, a wholly owned subsidiary of China Merchants Bank, to plan and oversee the implementation of its new core banking technology system as part of the bank's broad business transformation program.
Jeremy Light, executive principal, Accenture Payment Services, reveals what the industry will discuss at EBADay.
Accenture (NYSE: ACN) has introduced two new software products - Accenture Multichannel Platform and Accenture Product and Fee Factory - to help banks quickly and efficiently integrate customer channels, such as mobile, branch and online banking, and streamline product development and pricing.
Customer satisfaction with service levels in retail banking has improved over the past year but customers are less likely to recommend their provider, according to a new Accenture (NYSE:ACN) survey of nearly 4,000 current account customers in the UK and Ireland.
The FinTech Innovation Lab, an annual program that promotes financial technology development, has kicked off its search for the nation's top technology innovators.
Accenture (NYSE: ACN) and BNP Paribas Cardif have signed an eight-year business process outsourcing (BPO) agreement under which Accenture will manage an important portfolio of BNP Paribas Cardif's group life insurance policies business in France, including the administrative management of the insurer' call centers and ancillary accounting operations.
Demand for skilled banking staff is outstripping supply in the Gulf region at a time when the Western banking industry is drastically cutting its workforce, according to an Accenture survey of 47 executives at major banks in the Gulf Cooperation Council (GCC).
© Finextra Research 2014