July 30, 2014 - The financial services industry must focus on innovation to drive productivity and economic growth, John Brogden, CEO of the Financial Services Council said today. Speaking at the launch of the 14th annual FSC-DST CEO Survey Mr Brogden said over the past three years the financial services industry has focused nearly one hundred per cent of its time and resources implementing processes to comply with new regulation.
July 29, 2014 - Together with six founder banks, The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the establishment of Clarient Entity Hub, a financial industry solution designed to provide increased controls, standardization and transparency during the client on-boarding process and ongoing client lifecycle events.
July 29, 2014 - More than half of Brits want their banks to integrate fingerprint biometric authentication technology into their digital services, according to a survey.
July 25, 2014 - Apple is in talks with Visa as it ponders launching a mobile wallet this autumn, according to tech site The Information.
July 25, 2014 - The Securities and Exchange Commission today charged a Citigroup business unit operating an alternative trading system (ATS) with failing to protect the confidential trading data of its subscribers.
July 25, 2014 - The 2013 Federal Reserve Payments Study Detailed Report, released today, provides new information on the payments landscape including updated results on the intensity of card use by consumers and businesses; further discussion of previously released information on third-party payments fraud; new estimates of over-the-counter cash withdrawals and deposits at bank branches and wire transfers made by businesses and consumers; and discussion of emerging and alternative payments likely to replace traditional payments such as cash and checks.
July 24, 2014 - Crooks have hacked the European Central Bank's website, stealing contact data and demanding a ransom for its return.
July 24, 2014 - New York authorities have charged six people accused of being part of an international criminal gang which used stolen card data to buy thousands of event tickets through eBay-owned StubHub.