All articles by Stephen Little
Stephen Little
Misys launches online and mobile banking suite
Misys, the UK-based software and services company, has partnered with digital banking software developer IND to launch a new suite of banking products that it says will enable banks to manage their online and mobile channels more effectively.
Profits for big five UK banks wiped out
An increase in profits of 45% for the UK’s major banks was wiped out by more than £20bn of regulatory fines and compensation payments, according to a report by London-headquartered accountants KPMG.
Cyprus bail-out guarantees deposits under 100,000
Cyprus has reached a last-minute bail-out deal of 10bn ($13bn) with its international lenders that will guarantee all deposits under 100,000.
BBVA to invest $3.5bn in Mexico over the next four years
BBVA, Spain’s second-largest bank by assets, has unveiled plans to invest $3.5bn over the next four years in its Mexican unit to modernise its branch network and meet other objectives.
TD Bank hit by cyber attack
Toronto-Dominion Bank (TD), Canada’s second-largest bank by assets, said it was the victim of a cyber attack on 21 March that took its services temporarily offline for several hours.
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Financial services software provider Temenos acquires TriNovus
Swiss financial services software provider Temenos has bought the US-based compliance technology company TriNovus.
Raiffeisen Bank to purchase Citibank’s Romanian consumer portfolio
Raiffeisen Bank International, Austria’s third-largest bank by assets, has agreed to purchase Citibank’s (Citi) Romanian consumer portfolio, subject to regulatory approval.
Bank of America to sell nine of its branches to First Financial Bank
Bank of America (BofA), the third-largest bank in the US by branches, has agreed to sell seven of its branches and two drive-up locations to the Indiana-headquartered First Financial Bank, subject to regulatory approval.
South Korean banks hit by cyber attack
South Korean authorities are investigating a cyber attack which brought down the servers of two major banks on 20 March.
BNP Paribas Belgium partners with Belgacom to launch mobile wallet service
Paris-headquartered BNP Paribas, the second-largest bank in Belgium by assets, has partnered with Brussels-headquartered telecoms operator Belgacom to launch a mobile wallet service.