Latest news headlines: Finextra Research

Misys signs Bank of Overseas Chinese to Basel II technology

Taiwan-based Bank of Overseas Chinese (BOOC) is implementing technology from Misys Banking Systems to comply with the Basel II Capital Accord regulations.

12 December 2005

/retail

Bank of Ireland shifts 180 jobs to Accenture

Bank of Ireland is outsourcing some of its training and purchasing operations to technology consultancy Accenture in the latest phase of its EUR120 million cost cutting programme.

12 December 2005

/retail

Erste Bank and T-Online to launch e-banking services in Hungary

Erste Bank is teaming with T-Online Hungary, the largest Internet service provider in the country, to launch Klikkbank, an online banking service aimed at retail and smaller corporate customers.

12 December 2005

/regulation

Tokyo Stock Exchange admits error in Mizuho trade botch-up

The Tokyo Stock Exchange (TSE) has admitted that a problem with its own dealing system prevented a Mizuho Securities trader from cancelling an erroneous share-sale order that could cost the brokerage more than $225m.

12 December 2005

/Sibos

Barclays Global Investors signs for Asset Control data management platform

Barclays Global Investors (BGI) is implementing Asset Control's flagship product, AC Plus, as its central data repository for reference and time series data.

12 December 2005

/retail

Investec Mauritius signs for Misys' Bankmaster Plus

Investec Bank is implementing Misys' core banking technology, Bankmaster Plus, to support all lines of business - including private banking, treasury and strategic finance - at its operations in Mauritius.

09 December 2005

/retail

US Internet users still falling for phishing scams

Phishers are getting better at tricking consumers into revealing bank account details, according to a study conducted by AOL and the National Cyber Security Alliance, which found that two-thirds of US consumers who had received scam e-mails thought they were from legitimate firms.

09 December 2005

/retail

EDB inks Handelsbanken card services deal

Swedish banking group Handelsbanken has contracted with Nordic IT services provider EDB for the supply of a card issuing and processing platform which will be rolled across its international branches.

09 December 2005

/Sibos

Support and version control key to FIX expansion

Buy-side and sell-side firms across the world plan to aggressively expand their usage of the FIX messaging protocol over the next 24 months, particularly across non-equity products such as fixed income, derivatives and foreign exchange, according to a survey conducted by TowerGroup for FIX Protocol Limited (FPL).

09 December 2005

/wholesale

LSE rejects 'derisory' Macquarie cash bid

The London Stock Exchange has rejected an indicative cash bid of 580 pence per share from Australia's Macquarie Bank, describing the proposal as 'derisory'.

09 December 2005

/retail

Link predicts record breaking Christmas at ATMs

UK customers are expected to withdraw around £16.5 billion from cash machines around the country this Christmas, breaking all previous records, according to forecasts from The Link Interchange Network.

09 December 2005

/regulation

Study calls for consolidated clearing services in Europe

The European financial community could cut costs for cross-border securities trading with the introduction of a single central counterparty and the merging of the region's two largest clearing houses, Eurex Clearing and LCH.Clearnet, according to a report complied by UK-based Bourse Consult and commissioned by the Corporation of London.

08 December 2005