Latest International Commercial Bank of China (ICBC) News: Finextra Research

ICBC pays ransom after US hack

The US arm of Industrial and Commercial Bank of China has reportedly paid a ransom to restore its systems after a hack attack last week that disrupted trading in US Treasuries.

14 November 2023

/security

ICBC ransomware attack disrupts Treasury trades

The US arm of Industrial and Commercial Bank of China was hit by a ransomware attack on Thursday, forcing clients to reroute some trades.

10 November 2023

/sustainable

Sustainable Finance Live sneak peek: ESG risks - how can we build in sustainability?

Finextra spoke to Adam Webb, COO, Risk at ICBC Standard Bank, ahead of Sustainable Finance Live about his experience in risk management and mitigating climate risk.

25 November 2022

/payments

ICBC, Alibaba and Ant Financial strengthen fintech partnership

Giants in their own right, ICBC - the world's largest bank in terms of assets - will work with Alibaba and Ant Financial by leveraging their collective expertise in electronic payment settlement and cross border finance to promote the wider use of digital technology in financial services.

16 December 2019

/retail

Santander strikes $700m IBM deal to support biz transformation programme

IBM continues to rack up the financial services contract wins, scoring a huge $700 million global deal with Banco Santander, as well as agreements with ICBC Argentina and the card unit of Hyundai and Kia Motors.

13 February 2019

/Sibos

Swift pilots API-based pre-validation service to cut payment errors

Swift has signed 14 major banks - including Bank of China, Citi and Deutsche Bank - to a pilot using APIs to pre-validate gpi payments, speeding up identification and cutting out errors and omissions in messages.

05 December 2018

/retail

Diebold wins $25 million ICBC cash machine order

Diebold has inked a $25 million contract with Industrial and Commercial Bank of China for the supply of 1,100 Opteva self-service terminals.

06 January 2005

/retail

Web banking transactions in China to hit US$2.4 trillion by year end - Xinhua

Chinese Web banking users will have conducted transactions worth 20 trillion yuan - almost US$2.4 trillion - by the end of the year, according to a report by news service Xinhua.

26 November 2003

/retail

ICBC to install 1000 Diebold ATMs

The Industrial Commercial Bank of China (ICBC) has begun installing more than 1000 Diebold cash machines and dispensers across its national branch network.

21 November 2003

/retail

ICBC to switch ATM network to NCR's Aptra Edge

The Industrial and Commercial Bank of China (ICBC), has selected NCR's Windows-based multi-vendor ATM software Aptra Edge to run on its network of more than 13,000 cash machines.

06 November 2003

/Sibos

Misys commits to platform independent, global processing model

Misys Wholesale Banking Solutions, which is demonstrating its MidasPlus Global Processing service at Sibos in Singapore, has revealed its intention to move its other products, such as Trade Innovation and Opics, to a platform independent model.

21 October 2003

/regulation

Misys wins ICBC banking hub contract

China's largest state-owned bank, ICBC, has licensed Misys' Midas and Trade Innovation products to run its international branch operations from a central hub in Shenzhen, Southern China.

27 May 2003

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