Latest Research/analysis News: Finextra Research

Downturn prompts dash for cash

The economic slowdown has prompted hard-up Brits to shy away from plastic in favour of notes and coins to pay for purchases on the high street, according to new trading figures released by the British Retail Consortium (BRC).

21 April 2008

News/Research/analysis

Bank of Ireland invests in R&D venture with University College Cork

Bank of Ireland (BoI) is investing EUR250,000 in a two year research project with the University College Cork (UCC) that will focus on the use of technology to improve banking services.

21 April 2008

News/Research/analysis

Cards and m-payments to speed demise of cheques - Visa

The demise of cheques in Western Europe is set to accelerate over the next few years, with around 60% of retailers no longer accepting them by 2015 as electronic cards and mobile payments gain in popularity, according to research commissioned by Visa.

18 April 2008

News/Research/analysis

Mobile banking numbers to pass 800 million by 2011 - Juniper

The number of people accessing banking services via their mobile phones is set to soar to 816 million by 2011 - a ten fold increase on 2007, according to a global study by analyst house Juniper Research.

16 April 2008

News/Research/analysis

UK phishing attacks up 200% in Q1 - Apacs

UK payments association Apacs is urging Web banking customers to be extra vigilant following a 200% jump in the number of phishing attacks in the first quarter of 2008.

15 April 2008

News/Research/analysis

Internet banking growth slows in US

After years of accelerating rates, the growth in online banking take-up in the US began to slow in 2007, according to a study from Web metrics firm comScore which also shows that whilst the majority of Americans are happy with their service there is growing interest in features such as mobile banking, online chat and widgets.

15 April 2008

News/Research/analysis

Credit crunch to cost 20,000 City jobs

As many as 20,000 City jobs will be culled over the next two years as a result of the global credit crunch, according to a report from the centre for economics and business research (CEBR) which warns that the employment downturn will be worse than during the dotcom crash.

14 April 2008

News/Research/analysis

Credit card customers want to manage accounts online - study

The majority of credit card holders want to manage their accounts via the Web, according to a UK study from customer research outfit Global Reviews which found that Lloyds TSB provided the best online experience for card customers.

11 April 2008

News/Research/analysis

US online retail spending to rise - study

A new study from Forrester Research predicts that despite the current economic gloom, online retail spending by US consumers will rise by 17% this year to $204 billion.

10 April 2008

News/Research/analysis

Fifth of Americans hit by account hackers

Around 21% of US adults have had their bank account details stolen by online thieves, according to research published by European smart card vendor Gemalto.

09 April 2008

News/Research/analysis

Stolen bank details going cheap on the Web

Cyber criminals are selling stolen bank account and credit card details for knock down prices at online supermarkets as part of a thriving and maturing underground economy, according to Internet security outfit Symantec.

08 April 2008

News/Research/analysis

Bank of America partners MIT for banking research lab

Bank of America is investing up to $25 million over five years in a collaboration with the Massachusetts Institute of Technology (MIT) to create a banking research and development laboratory.

31 March 2008

News/Research/analysis

Precise Biometrics gets SKr5.7m grant for EU authentication project

Sweden's Precise Biometrics has been awarded a research grant worth SKr5.7 million to participate in an EU-funded project to develop an advanced identity management system that combines fingerprint biometrics and cryptography

31 March 2008

News/Research/analysis

Bank IT spending to slow

Spending on technology by banks and securities trading firms is slowing down as the effects of the credit crunch start to take hold, according to the latest survey from the Confederation of British Industry (CBI) and PricewaterhouseCoopers (PwC).

31 March 2008

News/Research/analysis

Cash is no longer king - survey

Brits now prefer to use plastic cards for paying for everyday purchases rather than notes and coins, according to a new survey by personal finance Web site, Motley Fool.

31 March 2008

News/Research/analysis

Top tier bonanza in store for core banking vendors - CapGemini

Core banking systems vendors could be on the verge of a bonanza in license fee sales, as top tier institutions look to replace their ageing legacy systems with new modular packaged applications, says international consultancy CapGemini.

26 March 2008

News/Research/analysis

Banks switching to 'process utilities' service model to cut costs - study

More than a third of the cost-reduction measures implemented by financial institutions in the past three years have failed to deliver the required savings and as a result banks are turning to a new process utility model based around the concept of shared services, to boost efficiency, says consultancy Booz Allen Hamilton.

25 March 2008

News/Research/analysis

E-trading driving FX markets - CME Group

FX traders expect electronic trading growth to gain momentum faster than previously expected, says a global survey released by CME Group which predicts that on average, more than 80% of all cash business will be executed electronically in 2010.

19 March 2008

News/Research/analysis

Spending on OTC derivatives automation to surge - Tabb

Banks will spend $70 million on automating over-the-counter (OTC) derivatives processing in 2008, rising to $120 million in 2010 - a compound annual growth rate (CAGR) of 30%, according to estimates from Tabb Group.

18 March 2008

News/Research/analysis

Security fears hindering take up of mobile P2P payments - study

A new study from Javelin Strategy & Research shows that security concerns are continuing to prevent take-up of mobile person-to-person (P2P) payments, with just one in ten Americans willing use the services.

18 March 2008