banks
RSS banksBanks unprepared for EU payments directive
News The cost of complying with the EU Payments Services Directive (PSD) could amount to €6bn over the next 18 months for 30 of the biggest international banks in Europe. Half of the banks surveyed said they had completed impact assessments on PSD but... [14 Jul 2008]
Banks get new Basel II compliance guidelines
News A key plank of this will be massive changes to internal processes and IT systems to enable banks to profile and monitor credit risk exposure when the Basel II accord becomes effective in 2007. The FSA said that even though aspects of the CRD have... [28 Jan 2005]
Banks plan to share cardholder data
News Today the Information Commissioner's Office, which regulates how consumer and business data is used by companies, said it is investigating exactly what the banks are trying to do. A spokesman for the department told silicon.com: "We've been in... [02 Dec 2005]
Banks clash over Citibank site security
News UK banks Abbey National and Halifax have clashed with Citibank over its online service which allows users to access all their various accounts via one website. Both banks insist they did not endorse the service or agree to be included and... [03 Oct 2001]
Banks forced down outsourcing and offshoring route
News The profitability of the 50 major European banks improved in the first half of 2004 to 1.48 per cent compared to 1.33 per cent at the end of 2003 but this is also tied in with the ongoing trend for cost-cutting. [04 Feb 2005]
Banks lose interest in the web
News The internet has lost its appeal for UK banks because of lack of customers, according to a report published today. The study said banks are not expecting huge savings or returns on investment from their websites any more. [13 Sep 2001]
Banks slammed over binned customer data
News A number of UK banks have been found to be in breach of the Data Protection Act (DPA) following complaints about the disposal of customer information. Deputy information commissioner, David Smith, said it is unacceptable for banks and other... [14 Mar 2007]
Banks suffer increased hack attacks
News Hack attacks are becoming increasingly sophisticated, with over a third of banks and financial services companies reporting a security breach in the last year, according to a new survey. The financial viability of many security vendors and complex... [12 May 2003]
Banks open to attack as security spending stales
News With billions of pounds at stake, security is one of the biggest concerns for banks and financial institutions. According to Deloitte's annual Global Security Survey, hackers are keener than ever to try and breach banks' defences but around a... [24 May 2004]
Banks to act as 'e-police' in Visa's online masterplan
News Retail banks are set to become a key player in the war against online credit card crime, as part of Visa's latest e-security scheme. It will also put the onus on banks to police the scheme. We have an international programme in the pipeline which... [25 Jul 2000]
Banks to cut transaction times
News UK banks will change their IT infrastructures to accommodate an industry-wide decision to speed up transactions in 2007. Apacs, which is working with HM Treasury and the Bank of England, added it was important that all banks have access to the... [25 May 2005]
Banks fight e-fraudsters with two-factor authentication
News Banks are adding additional layers of security to lock out fraudsters from their online banking systems. The cost of an online transaction is significantly lower than a physical transaction, so other high street banks are eager to reassure the... [05 Sep 2006]
Banks blamed for online fraud
News The majority of consumers believe the buck stops with banks when it comes to online fraud. According to research from data mining and statistical analysis expert SPSS, 54 per cent of consumers would blame banks and building societies in the event... [26 Jun 2003]
Get ready now for MiFID, banks warned
News The analyst warns the directive will cost investment banks up to £22m - with half of that spend going on technologies including workflow; business processes outsourcing; connectivity; service-oriented architectures; and data warehousing. [31 Oct 2005]
Leader: Banks may regret Oyster e-money fiasco
Leader The banks certainly don't come out of this blameless. And certainly not the banks - processing cash payments is expensive for them. And when Tesco starts cutting the banks out of their own business, the payment processors might wish they'd been... [09 May 2006]
