All articles by Meghna Mukerjee
Meghna Mukerjee
ANZ and NCR agree five-year deal to transform ATM network
Australia and New Zealand Banking Group (ANZ) and US-headquartered self-service solution provider NCR have entered a five-year agreement with the aim of transforming the lenders ATM network with next generation intelligent deposit ATMs.
Software AG updates two product suites
Technology vendor Software AG has launched major updates to two of its product suites ARIS and webMethods with the aim of enabling customers to support their businesses faster and accelerating process improvement, at its ProcessWorld 2012 event held in Orlando, Florida in October. Meghna Mukerjee reports
la Caixa launches app to track stock markets using music
Spanish lender la Caixa has launched an application to track stock markets using music. The la Caixa Stock Music app indicates how stocks are performing using the music that each user has stored on their mobile device, with the music volume varying according to the highs and lows of the market performance.
la Caixa launches Money to Pay service
Spanish lender la Caixa has launched Money to Pay, Spains first electronic money operator exclusively for the prepaid card sector.
Chase launches online banking services in Spanish
JPMorgan Chase has launched a new functionality to enable customers to manage their accounts and conduct transactions in Spanish.
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AmEx and Walmart launch prepaid access account Bluebird
American Express (AmEx) and US retail-giant Walmart have launched a new prepaid access account, Bluebird, aiming to enable customers to better manage their finances.
Bradesco launches its own branch of tomorrow
Banco Bradesco, Brazils second-largest bank by assets, has opened a branch in São Paulo, featuring robot guides, personalised financial advisory services, biometric interfaces, and controlled touchscreens. Meghna Mukerjee finds out how this new store is different from other bank of tomorrow branches
$1.5bn to be invested in ANZ’s channel overhaul
ANZ has announced plans for a tech investment programme up to $1.5bn to overhaul its branch-based and digital distribution channels, in an attempt to simplify products and services and reap significant productivity improvements. The investment sum will be directed to the Banking on Australia programme over the next five years. The initiative involves a five-year refurbishment programme of ANZs branches with 46 expected to be completed by the end of 2012. According to ANZ, the overhaul will include the roll-out of in-branch videoconferencing within 43 remote branches, giving regional customers greater access to specialist advice.
StanChart launches Islamic Euro Nostro account
Standard Chartered (StanChart) has launched the industrys first Islamic Euro Nostro account in Frankfurt, Germany. The new Islamic Euro Nostro account allows Islamic banks across the world to earn Shariah compliant profits on their balances. Pakistans Bank Alfalah is, reportedly, the first to have signed up for StanCharts new account. StanCharts Saadiq Euro clearing account, which the lender aims to make available to clients across its network soon, utilises a Shariah compliant account sweep facility that allows balances in a Saadiq clearing account to be invested at the end of each business day, using the Islamic finance mode of Murabaha.
Raiffeisen plans to open first branch in Slovakia
Austria’s Raiffeisen International, the third-largest bank by assets in Central and Eastern Europe (CEE), has announced plans of opening its first branch in Slovakia in November.