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News/Research/analysis
Hit by the credit crunch, banks are looking to outsource operations as a way of deferring investment in their technology infrastructures, according to research from business advisory outfit EquaTerra.
20 June 2008
The credit crunch will drive a wave of outsourcing and offshoring in financial services as cash becomes tighter and banks look to cut costs, according to a UK study.
18 June 2008
The Basel Committee on Banking Supervision has issued new draft guidelines for the management and supervision of liquidity risk, aimed at making the global banking system more resilient and addressing weaknesses revealed by the credit crunch.
More than 41.5 billion financial transactions will be carried out by mobile phone by the end of 2011 as unbanked consumers adopt the technology to access banking services, according to a study by Juniper Research.
17 June 2008
Just 3.6% of US mobile subscribers - 9.2 million people - use their phone to pay for goods and services, but around half (49%) expect to do so in future, according to data from Nielson Mobile.
13 June 2008
The Futures and Options Association (FOA) is to probe plans by IntercontinentalExchange (ICE) and Liffe to establish clearing houses in Europe as part of a larger investigation into the exchange clearing business in the region.
12 June 2008
Despite write downs and personnel cuts following the credit crunch, Wall Street firms are continuing to invest in IT - particularly risk technology - and expect budgets to increase next year, according to research released by IBM and the Securities Industry and Financial Markets Association (Sifma).
10 June 2008
With the emphasis on managing risk at an all-time high, spending on equity analytics by global sell-side firms will rise at a compound annual growth rate (CAGR) of five per cent through to 2012, says a new Tabb Group report.
A new scheme that utilises the Nectar card loyalty platform to provide customers with real-time calculations of personal energy use and carbon emissions has been launched in the UK.
The UK's Serious Organised Crime Agency (Soca) has issued a stark warning about the growing number of international crime gangs that are using the Internet to steal and trade confidential personal data.
09 June 2008
Mobile phones are becoming a major purchasing channel for consumers and represent a huge opportunity for e-tailers to capture new revenue, according to research from Cisco Systems.
05 June 2008
Financial regulators are warning that potential risks to the interconnected global payment and settlement infrastructure are not taken into account in current disaster recovery and crisis management procedures.
04 June 2008
UK consumers don't feel safe accessing their bank accounts over the phone, with 80% believing there are security gaps in current identity verification methods, according to research conducted by Harris Interactive.
New research has found that around half of Facebook users would use Web 2.0 applications for online banking, while a quarter would even consider switching banks to obtain Web 2.0 services.
Despite the economic downturn, online retail spending by UK consumers rose 35% to £14.7 billion in 2007 and is growing at the fastest rate for six years, according to a report by retail analyst Verdict Research.
03 June 2008
New research shows that combined forecasts for users of contactless mobile payments, mobile banking and over the air (OTA) transactions will reach 884 million in 2012.
30 May 2008
US authorities have charged 38 members of an international criminal gang that allegedly used spam e-mails to steal bank account details and passwords from thousands of customers.
23 May 2008
Just one per cent of UK adults use their mobile phones to conduct banking, bill payments or shopping transactions, according to research commissioned by IT services firm Unisys which found that a hefty 80% are not even interested in using m-payments services.
21 May 2008
Around half of Brits are leaving themselves wide open to credit card and bank account fraud due to slack security practices, according to a survey conducted by UK consumer association Which? Money.
Bank-backed settlement body CLS has responded to a repeated call from the Bank for International Settlements for the industry to do more to crack down on FX settlement risk by outlining new measures and initiatives for eliminating exposures. These include investigating industry support for implementing multiple settlement sessions, which would include the settlement of same day trades.
15 May 2008
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