Category: Operational

January 8, 2019

Japan’s Seven Bank will equip its ATMs with face recognition capabilities to let users open bank accounts on the spot. According to Japan Today and sources close to the matter, the tech could be coming in the autumn. Although the […]

November 29, 2018

One hundred seventy officers searched the headquarters of Deutsche Bank in Frankfurt and five other sites in the area early Thursday as part of a money-laundering investigation involving hundreds of millions of euros, prosecutors in Frankfurt said. Two employees, who […]

November 9, 2018

According to CNN, the Chinese central bank has given Amex preliminary approval to handle payments in yuan today (9 November). The firm can now start setting up the payments network through a joint venture with LianLian Group, its Chinese partner. […]

October 17, 2018

Refinitiv, formerly the Financial and Risk business of Thomson Reuters, announced today that its Elektron real-time data delivery using Amazon Web Services (AWS) is being expanded to meet high demand from clients across the globe. To ensure continued excellence and […]

August 3, 2018

Chase Bank ATMs now allow customers to withdraw cash using their phones’ mobile wallet and NFC capabilities. The bank’s ATM network has around 16,000 terminals throughout the US, but customers can also use ATM vestibules from outside the bank. This […]

July 10, 2018

Cybersecurity is one of the most discussed risks facing financial services companies today, but many organizations are taking too narrow an approach to combating cybercrime. These organizations make the mistake of placing responsibility for defending against the risks solely on […]

June 20, 2018

Comprised of responses from executives across the merchant, digital goods, hospitality, telecom and travel sectors, the benchmark also revealed that 51 percent of all merchants, billing organizations and retail banks will increase their IT budgets for payments-related projects in 2018. […]

June 19, 2018

The banking industry and its underlying operating model is facing pressure from multiple angles. The advent of new technologies including blockchain and artificial intelligence have started and will continue to impact the business models of banks. Meanwhile, new market entrants […]

June 12, 2018

Citigroup’s investment banking business could shed as much as half of its 20,000 technology and operations staff in the next five years due to automation, the Financial Times reported on Monday. Operational positions were the “most fertile for machine processing,” […]

June 6, 2018

Through an extended relationship with Cardtronics, the world’s largest ATM owner/operator, Santander-branded ATMs are now in most Market Basket grocery store locations in Massachusetts and additional CVS Pharmacy stores in the Northeast. This marks the first time Santander ATMs have […]