Latest UBS News: Finextra Research

UBS rolls out IBM ZTIC security hardware to online customers

UBS has become the first bank to roll out IBM's Zone Trusted Information Channel (ZTIC) online banking security hardware to its customers.

23 February 2010

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Monitise prepares for growth with new investment and partnerships

Mobile money outfit Monitise has raised £15.8 million in funding and struck two new partnerships it hopes will help build its presence in the retail sector and Asia Pacific. The company also says it is on track to meet full year revenue expectations after record consumer uptake.

17 December 2009

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WorldPay founder moves to buy business back from RBS

The founder of online payments operator WorldPay, Nick Ogden, has formally approached the Royal Bank of Scotland about buying the business back.

06 November 2009

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UBS agrees sale of Indian BPO unit to Cognizant

UBS has agreed to sell its Indian business processing outsourcing unit to Cognizant in a deal that also sees the Swiss bank and vendor sign a multi-year services contract. Financial terms were not disclosed.

15 October 2009

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Visa signs $13 million deal and takes minority stake in Monitise

Visa is to take a 14.4% stake in Monitise after signing a $13 million partnership deal with the UK mobile banking outfit.

30 June 2009

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Citi in talks to sell IT assets - Economic Times

Citibank is currently in discussions with Indian IT firms Tata Consultancy Services (TCS) and Wipro, among others, to sell some of its internal IT platforms, according to local press reports.

23 June 2009

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UBS to cut 8700 jobs

Swiss bank UBS says it will axe 8700 jobs around the world in a bid to cut costs after posting a loss of around two billion Swiss francs ($1.75 billion) for the first quarter.

15 April 2009

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Finextra weekly news review podcast

The failed Dunfermline Building Society reports massive write-downs at its IT subsidiary as the institution is broken up and sold off; supermarket chain Tesco looks to cash in on consumer mistrust of traditional banks, and UBS hires former Credit Suisse exec Ulrich Körner to lead a major restructuring drive - it's all in this week's news review podcast.

02 April 2009

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UBS hires former Credit Suisse exec to oversee major restructuring

UBS has hired former Credit Suisse executive Ulrich Körner to lead a major restructuring drive that will include the consolidation of group-wide IT functions at the bank.

01 April 2009

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