Articles about Financial Services

Angry old man

Your gran and her cronies are 'embracing online banking' – study

Online banking has seen a boom among the older generation, with nearly 2.3 million aged between 70 and over 100 years old now using internet banking, according to figures compiled by the British Bankers’ Association (BBA). The BBA said more than 450,000 customers over the age of 60 are using banking apps on smart phones, iPads …
OUT-LAW.COM, 29 Jan 2015
management regulation2

EU agrees to make documents available to support anti-cartel suits

Companies and individuals affected by cartel activity in Europe will gain access to vital documents to help sue for damages under new proposals which the European Commission says will ensure they "can obtain the evidence necessary to prove their claims". MEPs and European Council representatives agreed the terms on the …
OUT-LAW.COM, 24 Mar 2014
Lehman Brothers London HQ

Enormo reseller Insight seeks experienced sales hands for City pad

Headhunters will be on red alert after Insight confirmed plans to establish a sales outpost in the City in a bid to snuggle up to existing and potential corporate customers. The firm has rented some space from an unspecified service delivery partner in Aldgate to rub shoulders with Kelway, Misco, Softcat, Computacenter and …
Paul Kunert, 20 Mar 2014

Co-op Bank to splash £500m on system revamp

The Co-operative Bank has put tech suppliers operating in Blighty's financial services sector on red alert after confirming plans to spend £500m on overhauling its creaking IT infrastructure after years of "under-investment". A wider rescue plan is being initiated by the bank after it discovered a £1.5bn black hole in the …
Paul Kunert, 5 Nov 2013

Finance watchdog: Big fingers + tiny mobe screen + banking = doesn't end well

Companies providing mobile banking services must consider how to overcome limitations in mobile device screen sizes in order to help consumers avoid making erroneous payments, the Financial Conduct Authority (FCA) has said. In an interim report (12-page/724KB PDF) it published as part of its ongoing review into mobile banking …
OUT-LAW.COM, 29 Aug 2013
The Register breaking news

Banking IT cowboys 'need whipping into shape by watchdog'

The technology underpinning the UK's financial services sector needs urgent investment if regulators are to be able to spot potential abuses and prevent future financial crises, an influential report has claimed. Intellect, the trade association for the UK technology sector, said in its report (62-page/5MB PDF) that banks …
OUT-LAW.COM, 9 Aug 2012
The Register breaking news

Calling all banks, insurers and IFAs - do you have an information gap?

Tech Panel We have a new study awaiting your input. It's specific to Financial Services, so if you don't have any involvement in that industry then we thank you, and you can skip this one. We'll be in touch again soon. If you do work in any part of the FS industry, we'd really appreciate your input.... We frequently hear statements …
Team Register, 9 Nov 2011
The Register breaking news

Top cops placed under Freedom of Info law

The Financial Ombudsman Service (FOS), along with the Association of Chief Police Officers of England, Wales and Northern Ireland (ACPO) and the Universities and Colleges Admissions Service (UCAS), was added as a public authority under the Freedom of Information (Designation as Public Authorities) Order 2011. FOS has the power …
OUT-LAW.COM, 8 Nov 2011
The Register breaking news

Google gets ready to crush quote-comparison websites

Google has unveiled the next step in its plans to push into the market for online financial services with a price comparison site for mortgages and bank accounts. The search engine first dipped a toe into the market with a mortgage price comparison tool back in 2009. It has since launched products that offer surfers an …
John Leyden, 20 May 2011
The Register breaking news

US proposes online IDs for Americans

The US Government has published plans to create digital identities for Americans. The US Government wants to create a voluntary system that will allow Americans to access financial services online using one account. It hopes the new system will help protect against fraud and identity theft and reduce the barriers to trade that …
OUT-LAW.COM, 19 Apr 2011
The Register breaking news

Infosec job prospects recover after credit-crunch slide

The information security recruitment market is beginning to recover, after problems with the wider economy pushed job prospects and salaries down to a record low last summer, according to a new UK-focused salary survey. Information Security was hit by the recession worse than other areas of corporate governance, internal audit …
John Leyden, 22 Feb 2010
chart

Financial firms face tax bill on outsourcing arrangements

Banks, insurance companies and other financial services providers who outsource administrative functions abroad could be hit by changes to the VAT rules coming into force on 1st January 2010. Under current rules, where services are provided by one business to another, the place of supply for VAT purposes is generally deemed to …
OUT-LAW.COM, 15 Oct 2009
cable

Tervela bags $18m for go faster messaging appliances

Appliances that accelerate Java applications, encryption and decryption, network message transfer, Web serving, and database processing have found their niches. Now a company called Tervela aims to sell the idea of a messaging appliance to the financial services industry. New York-based Tervela yesterday completed a fourth …
The Register breaking news

Google's move into mortgages spawns lawsuit

Google's possible move into offering competitive mortgage quotes has sparked a lawsuit. The search engine giant is allegedly in talks with Mortech, a provider of technology that helps automate lender offer pricing. Mortech already supplies this pricing engine technology to LendingTree, which is far from pleased at the prospect …
John Leyden, 27 Aug 2009
channel

Onyx Group scoops up financial services IT provider

Onyx Group has bought London-based IT firm Moffat Communications for an undisclosed sum. The managed networks and hosting outfit said the acquisition was its fourth in 18 months as the company attempts to expand its operations to become a "leading national IT provider." Moffat, which was formerly part of Grant Thornton UK LLP …
Kelly Fiveash, 18 Aug 2009
channel

Dell profits take (small) hit in Q3

If you were looking for some good news out of Dell today as it reported its fiscal 2009 third quarter financial results, you will probably be disappointed. But not as much as you might think. That's good news of a sort considering the miserable week the global economy is having. Dell's sales for the third quarter ending …

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