Latest Sibos News: Finextra Research

EU to vote on suspending Swift/US data sharing deal

The European parliament is to stage a vote on whether the EU-US agreement on the transfer of data handled by the Swift international banking network should be suspended following allegations of Internet surveillance by US authorities.

23 October 2013

/Sibos

Brown Brothers Harriman to ditch traditional desktops as workers go mobile

US investment bank Brown Brothers Harriman expects to have abandoned traditional desktop computing within two years as employees move to mobile working, says CIO and partner Christopher Remondi.

01 October 2013

/Sibos

PE firms buy IdenTrust

Private equity firms Parallax Capital Partners and StepStone Group have acquired a majority stake in digital identity authentication outfit IdenTrust. Financial terms have not been disclosed.

27 September 2013

/Sibos

Transaction banking to play key role in restoring banks' ROE

The wholesale transaction banking business continues to play a starring role in improving return on equity in the global banking industry, with revenue from fees and accounts forecast to grow at a compound annual rate of ten percent over the next ten years.

25 September 2013

/Sibos

US stonewalling on NSA/Swift snooping allegations

European politicians have raised the possibility of suspending or even terminating the EU-US Terrorist Finance Tracking Programme (TFTP) after failing to get a convincing rebuttal from US authorities over allegations that the National Security Agency spied on bank-to-bank messaging data transmitted over the Swift network.

24 September 2013

/Sibos

KlickEx and Waratek take top spots in Innotribe start-up challenge

New Zealand-based person-to-person currency exchange KlickEx has emerged as the winner of the Innotribe Startup Challenge at Sibos in Dubai.

18 September 2013

/Sibos

Swift signs first Asian bank to 3SKey

Bank of Tokyo-Mitsubishi UFJ (BTMU) has become the first Asian bank to adopt 3SKey, the multi-bank digital identity service for corporate treasury authentication developed by financial messaging network Swift.

18 September 2013

/Sibos

Deutsche Bank transfers more applications to Autobahn App Market

Deutsche Bank has released three new cash management apps on its Autobahn App Market and launched a new service for real-time reconciliation of multi-currency transactions.

18 September 2013

/Sibos

Swift bids to carve out space in regulatory compliance

Financial messaging network Swift is looking to extend its remit to the emerging regulatory landscape, pitching its shared market infrastructure as a cost-effective means for financial institutions to ease the compliance burden.

17 September 2013

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Banks set out Sepa direct debit exception handling guidance

A Sepa migration forum facilitated by the Euro Banking Association has set out its best practice guidelines on direct debit exception handling.

17 September 2013

/Sibos

Global non-cash payments soar to 333 billion in 2012

Global non-cash payment volumes continue to surge, with more than 333 billion transactions in 2012 as cards and mobile services grow in popularity, research from Capgemini and RBS suggests.

16 September 2013

/Sibos

SIX Securities Services chooses Swift for T2S connectivity

SIX Securities Services, the CSD group for Switzerland, has signed up to Swift's Value Added Network (VAN) to connect to Target2Securities.

16 September 2013

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