Latest HBOS News: Finextra Research

UK lenders take control of Mortgage Brain

Acting on behalf of partner lenders, HBOS has acquired the remaining 49% of MBL Holdings Limited, a UK-based provider of mortgage and financial services software, for £2.658 million.

27 September 2002

/retail

HBOS goes to war on current accounts

HBOS, the UK's fifth-largest bank, has set out plans to win retail market share from the big four commercial banks by cutting charges and boosting interest rates on current accounts, including the launch of a dedicated online account.

25 September 2002

/retail

HBOS to manage marketing with Unica's Affinium

UK banking group HBOS is to deploy Unica's multi-channel customer interaction and campaign management software Affinium.

09 September 2002

/regulation

Bank of Scotland to terminate IBM outsourcing contract - CW

Bank of Scotland is to terminate a ten-year, £700 million IT outsourcing contract with IBM, some two years into the deal, according to a report in Computer Weekly.

29 August 2002

/retail

IF on track for break even despite widening losses

Intelligent Finance, the standalone direct banking operation of UK financial servics group HBOS, says it remains on track for break even in 2003, despite reporting widening first half losses of £88 million, against £72 million a year ago.

25 July 2002

/regulation

UK banks extend crackdown on money laundering

Six major UK banks, Abbey National, Barclays, HBOS, HSBC, Lloyds TSB and The Royal Bank of Scotland Group, have agreed to extend their anti-money laundering activities to probe long-standing accounts for evidence of suspicious transactions.

15 July 2002

/wholesale

Clerical Medical completes phase one CRM initiative

Clerical Medical Investment Management (CMIM), the asset management business of HBOS, has deployed eWare's Internet and mobile customer relationship management solution as part of the first phase of an enterprise-wide CRM initiative.

04 July 2002

/retail

HBOS to pull out of Xansa joint venture

Bank of Scotland is to pull out of its technology joint venture with Xansa one-year ealier than expected, sending shares in the British computer firm into a tailspin.

19 June 2002

/retail

Halifax offers sharedealing poundstretcher

Halifax is to offer customers the opportunity to purchase stocks in pound-based amounts through an alliance with US online brokerage Sharebuilder.

11 June 2002

/retail

HBOS banks on .NET for corporate banking

UK banking group HBOS has entered an agreement with Microsoft to migrate its Internet corporate banking system to the .NET platform.

23 May 2002

/retail

Bank of Scotland animates financial planning tools

Bank of Scotland investment services has introduced a new range of financial planning tools from KeyMS, designed to help visitors to its Web site assess their future financial needs.

08 April 2002

/retail

HBOS establishes admin service centre

UK banking group HBOS has established a new bespoke 175-seat customer servicing centre for its administrative subsidiary, HECM Customer Services, using technology from contact solutions vendor Merchants Limited.

20 March 2002

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