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Latest finextra News
02 Sep, 2010
RBS to axe 3500 tech and support jobs
Royal Bank of Scotland is to axe 3500 back office support and technology jobs and close 12 offices across the UK in a move branded as a "horror story" by finance unions.
02 Sep, 2010
Logica wins IT services deal with Finland's Luottokunta
Logica has won a four-year contract to take over the IT operations and infrastructure services of Finnish card payment group Luottokunta
02 Sep, 2010
Futures body takes on CFTC over data gathering proposals
The Futures Industry Association has slammed regulatory proposals to gather more account information from market participants as "premature" and overly burdensome for the industry.
02 Sep, 2010
TCS grows UK life and pensions BPO business with Usil acquisition
Diligenta, a unit of Indian outsourcer Tata Consultancy Services, has acquired the business of Unisys Insurance Service Limited (Usil), bagging £250 million in mandates from The Phoenix group and Old Mutual International in the process.
02 Sep, 2010
Heartland pays $5 million settlement to Discover over data breach
Heartland Payment Systems has agreed to pay up to $5 million to Discover Financial Services in relation to the data breach that hit the processor in 2008, marking its final settlement with all leading card brands over the intrusion.
02 Sep, 2010
BankSimple raises $3.1 million in early funding
US banking startup BankSimple has closed on a first funding round and set its sights on a 'friends and family' beta launch by late October.
01 Sep, 2010
First Data ships TransArmor eftpos protection unit
First Data is forecasting 100,000 unit sales by year-end of its new card protection system FirstArmor, which begins shipping to merchants today.
01 Sep, 2010
Nyse Euronext acquires quarterly magazine, Corporate Boardroom Member
Nyse Euronext has moved into publishing with the acquisition of quarterly magazine Corporate Board Member.
01 Sep, 2010
Facebook to sell virtual currency gift cards at US retail stores
Social media giant facebook is to offer gift cards loaded with Credits at retail stores across the US, beginning with the Target supermarket chain.
31 Aug, 2010
Icap to launch MTF for interest rate swaps
Inter-dealer broker Icap is to launch an electronic market for trading Euro interest rate swaps, with support from market makers Barclays Capital, Deutsche Bank and JPMorgan.
31 Aug, 2010
Bloomberg to shed light on dark pool order flow
Bloomberg Tradebook is seeking to address buy side wariness of dark pools and thwart high frequency gaming by showing traders where their orders are being filled in real time.
31 Aug, 2010
Atos Origin eyes Indian payments market with Venture Infotek acquisition
Atos Origin has acquired Indian payments processor Venture Infotek, as it bids to expand its interests in one of the world's fastest-growing payments markets.
31 Aug, 2010
LCH.Clearnet slashes fees as post-trade competition heats up
LCH.Clearnet has moved to slash its fees and eliminate charges for high volume equity traders as it responds to the twin threats of growing competition and customer defections.
31 Aug, 2010
CBA upgrade hits eftpos and ATM transactions
Commonwealth Bank of Australia has apologised to customers after scheduled system and security upgrades to its NetBank online service disrupted its nationwide payment network.
27 Aug, 2010
Drunken mortgage worker accused of shooting company server
An American mortgage firm staffer has been arrested after allegedly getting drunk and shooting the company's computer server.
27 Aug, 2010
Citi launches digital assault on Australian market
US giant Citi is bidding to carve itself a niche in the Australian market by rolling out a slew of digital services. Separately, it has also become the first bank in China to open a branch in Shanghai's metro system.
27 Aug, 2010
No brass in pocket: Barclays' busker goes contactless
In its latest marketing gimmick, Barclays has employed the services of a cashless busker who only accepts contactless payments, asking people to tap their cards against his guitar to donate to charity.
26 Aug, 2010
RBS to axe 400 Direct Line jobs - BBC
The Royal Bank of Scotland's Direct Line insurance unit will today tell around 400 staff at its Glasgow offices that their jobs are being axed, according to the BBC.
26 Aug, 2010
Yorkshire Building Society censured over stolen unencrypted laptop
The UK's Information Commissioner's Office (ICO) has found Yorkshire Building Society in breach of the Data Protection Act after an unencrypted laptop containing customer data was stolen.
26 Aug, 2010
ING Direct guerilla marketing stunt makes a splash
ING Direct has taken a novel approach to marketing its new Canadian online chequing account, employing a group of dancers in bright orange bathing suites to perform a synchronised swimming routine in a Toronto fountain.
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