Latest HBOS News: Finextra Research

Spowart quits HBOS as IF expansion plans are put on ice

HBOS has scrapped plans for the overseas expansion of Internet banking subsidiary Intelligent Finance, prompting the departure of former CEO Jim Spowart.

27 May 2003

/retail

HBOS targets Web-shy customers with VeriSIM

UK banking group HBOS has signed a five-year agreement with VeriSIM to develop interactive simulations of its Web banking and share dealing services that will be used to encourage customers to register for online banking.

24 April 2003

/retail

HBOS to introduce online cardholder authentication

HBOS Card Services has selected Cyota to deliver MasterCard SecureCode and Verified by Visa services to its five million credit cardholders, in the first commercial roll-out of the twin online authentication systems in the UK.

08 April 2003

/regulation

HBOS live with City Networks for online confirmation

UK banking group HBOS has implemented City Network's CityNet eTram solution to provide users with Web access to confirmation matching.

05 March 2003

/retail

HBOS outsources merchant processing to First Data

First Data is to provide merchant processing services to 14,000 retailers under a long-term revenue sharing alliance with UK bank HBOS.

26 February 2003

/retail

Intelligent Finance on course for break even maintains HBOS

HBOS says its stand-alone banking unit Intelligent Finance is on course for break even by the end of 2003, despite posting a loss before tax of £147 million for the year ended December 2002.

26 February 2003

/regulation

HBOS safeguards data with Brocade SAN

Halifax Bank of Scotland has implemented a storage area network (SAN) from Brocade to safeguard its mission critical data for disaster recovery purposes.

06 January 2003

/retail

Spowart steps aside as Intelligent Finance looks abroad

Intelligent Finance chief executive Jim Spowart is to move to a new position at parent bank HBOS in the New Year, with a brief to explore the opportunities for launching the IF telenet banking concept in continental Europe and the US.

29 November 2002

/retail

HBOS to invest £25 million on multi-branded life and pensions platform

Cap Gemini Ernst & Young has landed a £25 million contract with UK financial services group HBOS to create a unified multi-branded platform for the sale of life assurance, savings and pension products.

28 November 2002

/regulation

HBOS begins Algorithmics op risk roll-out

UK banking outfit HBOS has implemented Algorithmics' Algo OpData component to manage operational risk data across the enterprise.

13 November 2002

/retail

HBOS signs £12m open platform cash machine deal with NCR

HBOS, the financial services group formed by the merger of the Halifax and the Bank of Scotland, has signed a £12 million deal with NCR Corporation for the deployment of its Aptra Edge software across the group's entire ATM network.

07 November 2002

/retail

HBOS applies groupwide procurement system to deliver cost savings

HBOS, the UK banking outfit formed from the merger of Bank of Scotland and Halifax, claims to have achieved substantial procurement cost savings following the first-phase implementation of a new system which for the first time provides a consolidated view of all suppliers to the two merged banks.

16 October 2002

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