News in Brief December 2010

DSwiss AG has launched a new security feature for customers of its data legacy service, DataInherit. The online data safes and data safe technology provider’s new feature will allow customers to use a specially developed PDF viewer to open documents directly into their online safe, rather than needing to download them onto a computer first.

Luottokunta, BookIt Oy and Microsoft have developed the world’s first authentication service allowing for mobile payments from any mobile phone and via any operator. Luottokunta uses iSMS, and is a digital service based on a new authentication method, easing the way consumers purchase services, and offering vendors a flexible way of making additional sales.

CLS Group Holdings AG has announced that Banco Santander has become a settlement member of CLS Bank, as participation in CLS continues to rise. This brings the number of banking and financial institutions comprising CLS’ Members to 61. Becoming a settlement member allows Santander to leverage the additional benefits CLS brings – namely improved STP and operational and liquidity benefits.

Luxembourg-based financial software and services vendor B2 Group has acquired TDI Consulting Limited, a London-based financial sector consultancy specialising in corporate payments processing. TDI services clients across the globe, particularly in the US, UK and Asia Pacific regions.

SAP is to acquire disclosure management solutions from cundus AG – headquartered in Duisburg, Germany. The deal comprises cundus Financial Statement Factory and cundus informationCollector, including intellectual property, customer contracts and certain employees.

Pitney Bowes has launched an Invoice Process Automation service, designed to help businesses and public sector organisations to cut costs, improve supplier relationships and streamline the heart of the finance function. The service tackles unnecessary cost and wasted effort inherent in the average invoicing process, both payables and receivables.

SAS has launched the latest version of its Enterprise Case Management, providing more power, flexibility and task automation to accelerate fraud investigations without having to rely on IT support and timeframes. The product is a component of the SAS Enterprise Financial Crimes Framework.

IPC Systems has extended its collaboration with Equinix, a global datacentre services company, with upgraded connectivity to two of Equinix’s European datacentres in Frankfurt and London Slough. IPC Systems is a provider of trading communications solutions to the world’s top financial services firms and global enterprises.

Javelin Capital has chosen Sophis VALUE to provide accurate reporting of real-time performance. Javelin Capital is a specialist equity boutique established by Majedie Investments PLC, an investment trust dating back to 1910.

The Visa iPhone app has been launched in the USA, developed under the Monitise and Visa Global Alliance Agreement. The move has been hailed a “significant development for Visa in the mobile payments arena, bringing genuine consumer benefits to millions of people,” said Alastair Lukies, chief executive officer of Monitise.

Deutsche Bank has implemented Tata Consultancy Services (TCS) BaNCS Core Banking as its core banking platform for global transaction banking (GTB). The move is part of a global initiative to transform the bank’s transaction banking platform in more than 30 countries, and will see TCS BaNCS replace several solutions with one modern, transaction-safe and cost-efficient platform.

LSI Corporation has announced the opening of a new European warehouse and distribution centre in Rotterdam, the Netherlands. The new hub will be stocked with the CTS2600 family of configurable storage components, and enables LSI to improve deliver times across Europe.

Wembley Arena has become the UK’s first music venue to go contactless, following Barclaycard’s sponsorship of the venue. The introduction of contactless payment systems to the previously mainly cash venue makes transactions quicker and easier for customers, and Barclaycard customers will also have access to a fast track entrance, the Barclaycard Unwind Lounge and advanced ticketing for events at Wembley Arena.

Tesco Bank has chosen Attachmate to develop its call centre systems for general insurance customers. The system will enable Tesco Bank to efficiently manage phone enquiries to support staff in delivering a high level of service to its motor and home insurance customers.

Unipart Merchandise, a subsidiary of logistics provider The Unipart Group, has chosen Direct Debit Limited’s PayCentre to automate its Direct Debit processes and ensure compliance with scheme rules. The deployment sees Unipart reduce the time it spends on a typical collection run to just one hour, streamlining processes and transactions.

Italian web hosting company and Italy’s first player in cloud computing services, Seeweb, is to deploy Scality’s RING storage platform to provide a cloud storage service to its customers fully hosted in Italy, bringing a lower latency than most other similar services employed in other countries. Seeweb is to launch its new service for B2B customers next week, and will introduce a similar service to private individuals.

Voice Commerce has reinforced its move into the German market with the acquisition of BELTPOINT Systems, a German business consulting and systems integration company based in Bonn. The move forms part of strategic acquisitions that will continue into 2011, and aid the development of e- and m-commerce across Europe for Voice Commerce.

MasterCard Incorporated
has purchased the prepaid Card Program Management (CPM) operations of Travelex for £290 million in cash, with an earn-out of up to an additional £35 million if certain performance targets are met. The transaction, which is expected to close in the first half of 2011, will see MasterCard acquire the Travelex operations that manage and deliver consumer and corporate prepaid travel cards to business partners around the world, including financial institutions, retailers, travel agents and foreign exchange bureaus.

Amsterdam Trade Bank has gone live with Misys BankFusion Equation, Misys’ latest version of its core banking system. The bank upgraded to the solutions so it could bring new products and services to market more rapidly and meet its business expansion targets.

Wincor Nixdorf and HID Global have developed an ATM solution with integrated contactless smart card reader. The solution, which was jointly developed, enables a single piece of equipment to process ATM and automatic fare collection transactions.

Point International has acquired Xileo Transaction Systems, a specialist in electronic payment solutions in France. Point provides electronic payment solutions in Europe with representation in the Nordic, Baltic and UK markets. The merger will strengthen Xileo’s development and investment capabilities, and for Point this is an opportunity to expand its support to existing and new clients in the French market.

Visa Europe has launched a pan-European service designed to support the roll-out of Visa issuers’ mobile contactless payment programmes. The new service provides a highly secure application management capability for new ‘mobile cards’ stored inside mobile handsets. The service leverages Visa issuers’ existing connections to Visa’s authorisation and payment processing systems, and is designed to reduce the cost associated with launched new mobile contactless services while providing a scalable platform for commercialisation.

    Share Story:

Recent Stories


Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?

Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.