Latest news headlines: Finextra Research

Germany's Helaba signs for SimCorp Dimension

Danish fintech vendor SimCorp has signed Germany's Landesbank Hessen-Thüringen Girozentrale (Helaba) to its investment management platform, Dimension.

08 January 2008

/retail

CBA implements Vivotech technology for mobile PayPass pilot

Commonwealth Bank of Australia (CBA) is using technology from Silicon Valley-based NFC outfit Vivotech for its trial of contactless mobile phone payments, which is being conducted in partnership with MasterCard.

08 January 2008

/wealth

SunGard buys Financial Technology Integrators

SunGard has acquired the assets of Philadelphia-based Financial Technology Integrators (FTI), which provides Web services applications to banks, trusts and investment firms. Financial terms of the deal were not disclosed.

07 January 2008

/retail

Finextra50 starts year with record low

Led by big falls for Fundtech and ACI Worldwide, the Finextra50 Financial Technology Index fell 4.31% by the end of the year's first week, reaching 91.24. Few companies saw any gains in a depressed start for most markets worldwide, but Gresham Computing did see a bounce back after a recent slump, while FirstSource and Nucleus Software in India also rose.

07 January 2008

/regulation

Bank spending on technology to rise

Financial services firms in the UK will continue to invest in technology despite the on-going impact of last year's global credit crisis, according to a survey by the Confederation of British Industry (CBI) and PricewaterhouseCoopers (PwC).

07 January 2008

/regulation

Halifax facing chip and PIN fraud lawsuit

UK high street bank Halifax is facing a lawsuit brought by a customer who claims that fraudsters cloned his chip-based card and withdrew £2100 from his account at ATMs.

07 January 2008

/retail

US Treasury to introduce pre-paid welfare card

The US Treasury Department is introducing a pre-paid debit card that will be used to deliver benefit payments to social security recipients.

04 January 2008

/retail

Banks failing to plan for environmental sustainability - study

A general lack of planning means UK banks are failing to use technology effectively to improve environmental sustainability, according to a study conducted by Datamonitor and commissioned by BT Global Services.

04 January 2008

/retail

Gresham rises on upbeat trading update

Shares in UK financial software outfit Gresham Computing jumped in morning trading after the vendor said it expects to report "a significantly improved second half to 2007".

04 January 2008

/retail

Former E*Trade CEO Caplan gets $10.9m pay-off

US online brokerage E*Trade has agreed to pay former chief executive Mitchell Caplan - who quit in November following heavy mortgage-related losses at the company - a severance package worth nearly $11 million.

03 January 2008

/retail

TietoEnator outlines EUR100m cost cutting plan

Nordic IT services vendor TietoEnator is embarking on a restructuring and cost cutting programme designed to generate annual savings of more than EUR100 million by the end of 2009.

03 January 2008

/wholesale

Financial firms to launch futures trading venture

News that a consortium of banks and trading firms are teaming up to establish an all-electronic futures trading exchange sent shares in CME Group tumbling over the holiday season.

02 January 2008