IT trends in the Financial Market
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ING Bank installs “whiteboard in the sky” » Banking Technology

ING Bank installs “whiteboard in the sky” » Banking Technology | IT trends in the Financial Market | Scoop.it

Dutch bank ING has installed an enterprise data sharing solution for its fixed income traders in Amsterdam , which the bank’s head of fixed income trading likened to a “whiteboard in the sky”.

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The name’s Paym – UK Payments Council names mobile service » Banking Technology

The name’s Paym – UK Payments Council names mobile service » Banking Technology | IT trends in the Financial Market | Scoop.it

The mobile payments system planned by the UK Payments Council will be branded Paym. The Council says that it will announce the go-live date next month and final testing is on track.

 

The industry-wide collaborative project, which is being operated by VocaLink, which also runs the Faster Payments system on which the service is built, uses a mobile phone number as a proxy for bank account numbers when sending or receiving payments.

 

Paym – it’s supposed to be pronounced Pay ’Em – will be integrated into customers’ existing mobile banking or payment apps as an additional way to pay.

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Banks need to take on Amazon and Google or die - FT.com

Banks need to take on Amazon and Google or die - FT.com | IT trends in the Financial Market | Scoop.it

Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. Francisco Gonzalez, Chief Execiutvie at BBVA disagrees.

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Voxsmart prepares cloud mobile voice recording service for banks

Voxsmart prepares cloud mobile voice recording service for banks | IT trends in the Financial Market | Scoop.it

A new mobile voice recording service is being developed by UK tech company Voxsmart, which it claims is the first to automatically capture every type of communication on a mobile device so that it can be used for trading compliance purposes, including the FCA in the UK and Dodd-Frank in the USA

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Level Money Wants To Be Mint For Millennials

Level Money Wants To Be Mint For Millennials | IT trends in the Financial Market | Scoop.it
How do you get millennials interested in budgeting? Make it thought-free make it real-time--and dont call it budgeting.
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Risk data: can it be both efficient and compliant? » Banking Technology

Risk data: can it be both efficient and compliant? » Banking Technology | IT trends in the Financial Market | Scoop.it

With six months before the 4th Capital Requirements Directive comes into force, many will be asking what technological improvements will be necessary to efficiently manage risk going forward. Before they embark on a costly overhaul of their data systems, firms should look at what regulatory trends are likely to require similar changes in the future and adjust their specification accordingly.

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consument binnen 24 uur zeker van hypotheek | NUgeld.nl/wonen | Nieuws voor ondernemende mensen

consument binnen 24 uur zeker van hypotheek | NUgeld.nl/wonen | Nieuws voor ondernemende mensen | IT trends in the Financial Market | Scoop.it
Consumenten die via De Hypotheker een hypotheek aanvragen bij Aegon, krijgen binnen 24 uur zekerheid of de financiering mogelijk is. Normaal moeten hypotheekaanvragers weken wachten op duidelijkheid.
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Realty Mogul Surpasses $1 Million - Crowdfund Insider

Realty Mogul Surpasses $1 Million - Crowdfund Insider | IT trends in the Financial Market | Scoop.it
Realty Mogul is a crowdfunding platform for real estate investments for accredited investors. The Realty Mogul crowdfunding platform went live only in March of 2013.
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What's the Future of Retail Banking?

What's the Future of Retail Banking? | IT trends in the Financial Market | Scoop.it
With the rise in technology and the changing nature of how people shop for financial products, has your local bank branch become irrelevant?
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Bitcoin Crash Spurs Race to Create New Exchanges

Bitcoin Crash Spurs Race to Create New Exchanges | IT trends in the Financial Market | Scoop.it
The rush to build a more reliable exchange for bitcoin is under way after a price crash on Wednesday disgruntled customers who directed their anger against the currency's major exchange.
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Bank cyber attack a ‘major assault’ on financial industry - Video on NBCNews.com

Bank cyber attack a ‘major assault’ on financial industry - Video on NBCNews.com | IT trends in the Financial Market | Scoop.it
Video on msnbc.com: An ongoing series of attacks on the U.S. financial industry that nobody has ever seen before has resulted in a 15 of the largest U.S. banks being offline for a total of 249 hours in the last six weeks.
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OV-chipkaart wordt betaalmiddel op alle stations

OV-chipkaart wordt betaalmiddel op alle stations | IT trends in the Financial Market | Scoop.it
De OV-chipkaart kan later dit jaar worden gebruikt om mee af te rekenen in de verschillende winkels op alle NS-stations.
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Cyprus' banking crisis is good news for Bitcoin

Cyprus' banking crisis is good news for Bitcoin | IT trends in the Financial Market | Scoop.it
With confidence in the euro fading, the digital currency is suddenly on the rise
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Vodafone lanceert contactloos betalen met sticker of smartphone

Vodafone lanceert contactloos betalen met sticker of smartphone | IT trends in the Financial Market | Scoop.it
Vodafone maakt het vanaf donderdag mogelijk om contactloos te betalen via een sticker op de telefoon of direct via de nfc-chip in Android-toestellen.
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Finextra: PrivatBank launches HCE-based mobile NFC payments service

Finextra: PrivatBank launches HCE-based mobile NFC payments service | IT trends in the Financial Market | Scoop.it
Beating banks around the world to the punch, Ukraine's PrivatBank has launched a host card emulation-based mobile NFC payments service.
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Cloud Accelerates Competitive Advantage to Banking and Financial Markets

Banks have many reasons to like cloud computing: lower cost, standardization, consistency. But increasingly they are embracing the cloud because it makes them more agile and responsive to changing market conditions and customer needs. Cloud is becoming a way for banks to deliver new products to market faster, accelerate their growth agendas, and enter new foreign markets.

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Banks Don't Have Much Time To Embrace Digital Model

To compete with the new breed of financial services competitors, banks will have to adopt a digitally driven business model, specialize and simplify their operations, according the findings of new consumer research from Accenture.
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'Apple gelooft niet in NFC-technologie'

'Apple gelooft niet in NFC-technologie' | IT trends in the Financial Market | Scoop.it
AMSTERDAM - NFC wordt door een hoop banken, technologiebedrijven en smartphonemakers gezien als dé toekomst van contactloos betalen.
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Next Bank Madrid reveals Spain’s strongest startups » Banking Technology

Next Bank Madrid reveals Spain’s strongest startups » Banking Technology | IT trends in the Financial Market | Scoop.it
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The chosen firms include Bull4All, an online platform that offers investors financial advice and strategies; Captio, an app that helps companies manage expenses; Fintonic, a free online personal finance service; and Glownet, a cashless payment and event management tool.

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ING maakt contactloos betalen met pas mogelijk

ING maakt contactloos betalen met pas mogelijk | IT trends in the Financial Market | Scoop.it
ING introduceert donderdag als eerste Nederlandse bank een nieuwe betaalpas waarmee klanten vanaf 2014 contactloos kunnen betalen.
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Death By A Thousand Cuts? Google Wallet’s Plan To Take On PayPal Leverages Chrome, Android, Google+, Gmail & More | TechCrunch

Death By A Thousand Cuts? Google Wallet’s Plan To Take On PayPal Leverages Chrome, Android, Google+, Gmail & More | TechCrunch | IT trends in the Financial Market | Scoop.it

Flying under the radar amid a flurry of announcements from Google I/O developer conference is the bigger news of how Google is stepping up its efforts to compete with online payment giants, such as PayPal.

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eyeOpen Acquired by Aegon (Transamerica) - Finovate

eyeOpen Acquired by Aegon (Transamerica) - Finovate | IT trends in the Financial Market | Scoop.it

eyeOpen's mission to build the "next level of personal finance optimization" so far includes their online mortgage advisor which puts algorithms to work helping consumers manage their personal finances.

 

The company is also a B2B business that sells data-extensive algorithms and software to banks and insurance companies to improve their own personal financial service offerings to their customers and clients.

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Big Data: The Next Big Thing for Insurers?

Big Data: The Next Big Thing for Insurers? | IT trends in the Financial Market | Scoop.it

There is ample evidence to demonstrate that the big-data approach is a potential game changer in the insurance industry. Nonetheless, there are hurdles to overcome...At this stage of development, big-data applications are especially promising for improving fraud detection and claims mitigation and prevention. Some early adopters claim that the savings potential for big data can reach up to 2 percent of premiums in these areas, thereby directly translating into bottom-line improvements.

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Two Major Payments Projects Said to Be Underway at Apple

Two Major Payments Projects Said to Be Underway at Apple | IT trends in the Financial Market | Scoop.it
Apple, the world's largest technology company, is said to be poised to unveil a rash of payments products and features, including payments via wristwatch. Several online news sources are now saying...
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Banking sector reform needs innovation not stagnation

Laura Willoughby MBE, Chief Executive of Move Your Money, explains why UK politicians should be encouraging more diversity and innovation in the banking sector, instead of offering half hearted reform.
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