Latest ABN Amro News: Finextra Research

Experian buys majority stake in Brazilian credit bureau Serasa

Credit information agency Experian has acquired an initial 65% stake in Serasa, a bank-owned credit bureau based in Brazil, for $1.2 billion.

26 June 2007

/regulation

ABN Amro gives algorithms Velocity treatment

ABN Amro Capital Markets is using market data software from California-based Vhayu Technologies to provide real-time and historical VWAP calculations and trade volume profiles for its proprietary equities trading application.

18 June 2007

/retail

ABN Amro adds anti-skimming device to ATMs

Dutch bank ABN Amro is attaching anti-skimming devices to its 1200 outdoor cash machines across the Netherlands.

06 June 2007

/retail

EU banks discuss debit rival to MasterCard and Visa

A group of Europe's largest banks are holding secret discussions to establish a pan-European debit card scheme that would challenge those operated by MasterCard and Visa, according to banking consultancy Lafferty Group.

11 May 2007

/retail

Barclays-ABN Amro merger: one in ten jobs to go

In announcing the terms of their proposed EUR67bn merger, Barclays and ABN Amro say they hope to achieve EUR3.5bn of cost savings and additional revenue by 2010, largely from axing or migrating 23,600 jobs. This amounts to just over 10% of the combined workforce.

23 April 2007

/retail

Revitalised Mobey Forum adds banks and mobile operators

The Mobey Forum, a bank-backed mobile payment consortium, has signed up Dutch banks ING and Rabobank and mobile operators Telenor, TeliaSonera and SK Telecom as new members.

16 April 2007

/wholesale

BT Radianz and Colt to provide connectivity to Boat trade reporting platform

BT Radianz and Colt have been selected to provide connectivity and infrastructure hosting services for Project Boat, the European trade reporting platform that is being established by nine City investment banks.

04 April 2007

/retail

ABN Amro compensates victims of 'man-in-the-middle' attack

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 and launched a campaign to remind users about internet banking safety.

02 April 2007

/retail

ABN Amro rolls out HP video conferencing technology

Dutch investment banking group ABN Amro is introducing video conferencing and collaboration technology developed by HP across 12 key business units around the world.

05 March 2007

/retail

Europe's banks will miss Sepa direct debit deadline, says Hartsink

Europe's banks will miss the first single euro payments area (Sepa) deadline for direct debits because of delays in passing a new Payment Services Directive (PSD), says Gerard Hartsink, chair of the European Payments Council (EPC).

08 January 2007

/retail

ABN Amro opens virtual branch in Second Life

Dutch banking group ABN Amro has set up a virtual financial advice centre in Second Life, the Internet-based role playing game that has a real economy.

01 December 2006

/regulation

ABN Amro cuts 500 risk and tech jobs

Dutch banking group ABN Amro is cutting 500 risk and IT jobs at its head office as it moves to accelerate restructuring and cost cutting measures following a drop in Q3 net profits.

30 October 2006

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