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The financial technology top ten

20 December 2007  |  13257 views  |  0 Tablet Computer Screen

Finextra's top news stories and blog posts for 2007

First direct plans computer shutdown to cut emissions and save energy costs
2007-04-24 14:20 73229
Twenty-four hour virtual bank first direct is to install automated computer shutdown software in an effort to reduce its carbon emissions by 147 tonnes and save £24,000 per year on energy costs.

Lloyds TSB closes Mumbai call centre; brings work back to UK
2007-03-02 12:02 8608
UK bank Lloyds TSB says its contact centre in Mumbai will no longer handle customer calls from the UK because interactive voice recognition (IVR) technology introduced last year has reduced the number of calls sent through to staff.

Deutsche Bank Securities fined $1.275m for monitoring violations
2007-02-09 09:57 8162
Deutsche Bank Securities (DBS), the US arm of Germany's Deutsche Bank, has been fined a total $1.275 million by Nyse Regulation in two disciplinary actions involving supervisory violations including the failure to monitor its computer systems and detect...

ABN Amro compensates victims of 'man-in-the-middle' attack
2007-04-02 15:46 7319
Four ABN Amro customers activated a virus allowing a man-in-the-middle attack that overcame the bank's two-factor authentication. After the attack, ABN Amro removed an 'urgent payment' option from its Web site as a precaution, compensated the customers ...

HSBC and Barclays acquire Loomis UK cash management business
2007-11-26 16:54 7036
HSBC and Barclays Bank have set up a joint venture company to take over the wholesale cash management business of Loomis UK, the cash handling unit of Swedish group Securitas.
Game over for Chip and PIN?
2007-01-05 13:51 6567
Researchers at the University of Cambridge have managed to hack a so-called tamper resistant Chip and PIN terminal and get it to play Tetris.

Diebold in legal battle with union over closure of French ATM facility
2007-01-30 14:40 6484
US ATM manufacturer Diebold is facing a legal challenge from a workers union in France over its decision to sack staff and shut down a manufacturing facility in the country under a major overhaul of its European operations.

Bank of Queensland issues credit card to cat
2007-01-05 15:57 6389
Australia's Bank of Queensland has apologised for issuing a credit card to a customer's cat after its owner decided to test the bank's identity screening system.

Microsoft launches MiFID package 2007-01-24 10:03 6309
Microsoft has launched a new package of software and services designed to help financial services firms comply with the EU's Markets in Financial Instruments Directive (MiFID), which is expected to come into force this November.

SunGard signs Spanish savings banks to Bancware
2007-01-03 14:56 6074
Sixteen Spanish savings bank members of the Madrid-based Confederación Española de Cajas de Ahorros (CECA) have licensed SunGard's risk and performance management technology technology, BancWare, to comply with the forthcoming Basel II capital regulations.

Top three blog posts
You'd never get a bank choosing a logo this bad...
Peter Roberts

Royal blue scores big fat zero with Gartner
Paul Penrose

Numbers part three, HSBC
Chris Skinner

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