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Banking Business Review

EBA calls for non-reusable passwords to make online shopping safer in EU The European Banking Authority (EBA) has instructed banks to provide customers with options to create one-time passwords starting from August. News
Capgemini unveils cloud-based banking platform solution Capgemini has unveiled a new solution that provides highly differentiated experience-led banking for high quality customer transactions.
News GlobeOne announces LOI with Eximbank GlobeOne has announced an addition to its global network of bank members with a Letter of Intent with Eximbank, which will bring GlobeOne’s mobile banking solution to Vietnam later this year.
News EBA calls for non-reusable passwords to make online shopping safer in EU By BBR Staff Writer
The European Banking Authority (EBA) has instructed banks to provide customers with options to create one-time passwords starting from August.
News
Kuwait's Al Ahli Bank to acquire Piraeus' Egyptian unit for $150m By BBR Staff Writer
Kuwait's Al Ahli Bank is acquiring a 98.5% stake in the Egyptian unit of the Greek-based Piraeus Bank for $150m according to a filing in the Kuwait Stock Exchange.
News Tall Group acquires cheque printing firm DLRS The Tall Group of Companies has strengthened its position as market leader in the provision of secure print and payment solutions with the acquisition of DLRS based in Lisburn, Northern Ireland.
News DTCC announces internal account transfer automation for alternative investments The Depository Trust & Clearing Corporation (DTCC) has launched a new capability within its Wealth Management Services (WMS) business to streamline the processing of internal account transfers for alternative investments.
News

Latest News and Insight by Sector

Banking Services

EBA calls for non-reusable passwords to make online shopping safer in EU
By BBR Staff Writer
The European Banking Authority (EBA) has instructed banks to provide customers with options to create one-time passwords starting from August.
News
Kuwait's Al Ahli Bank to acquire Piraeus' Egyptian unit for $150m
By BBR Staff Writer
Kuwait's Al Ahli Bank is acquiring a 98.5% stake in the Egyptian unit of the Greek-based Piraeus Bank for $150m according to a filing in the Kuwait Stock Exchange.
News

Wealth & Assets Management

UBS to dilute stake in China Cinda Asset Management with $303m share sale
By BBR Staff Writer
Swiss financial services company UBS has announced the sale of about $303m in shares of China Cinda Asset Management in a bid to trim its stake in the company.
News
BarclayHedge report reveals hedge fund industry amassed $7.2bn in February
By BBR Staff Writer
The hedge fund industry took in $7.2bn representing 0.3% of assets in February, according to BarclayHedge and TrimTabs Investment Research.
News

Intermediaries

Five global banks might face penalties of $5bn over forex rigging
By BBR Staff Writer
A settlement between US and British authorities over rigging of currency markets could lead to five of the world’s biggest banks being slapped with penalties totaling $5bn.
News
Britain's central bank to evaluate banks' readiness on dealing with illiquid markets
By BBR Staff Writer
British banks will be subjected to rigorous stress tests by the country's central bank to evaluate their readiness on mass sale of bonds by investors in delicate market situations.
News

Technology

Osborne looks to streamline banking assets through new company
By BBR Staff Writer
UK Chancellor of the Exchequer George Osborne has announced the establishment of a government-operated company to streamline the sale of £23bn worth of bank shares and other publicly owned assets.
News
India's central bank considers setting up IT subsidiary
By BBR Staff Writer
The Reserve Bank of India (RBI) is considering setting up an IT subsidiary that will be responsible for strengthening cyber security in the Indian banking sector.
News

Policies & Regulatory Compliance

EBA calls for non-reusable passwords to make online shopping safer in EU
By BBR Staff Writer
The European Banking Authority (EBA) has instructed banks to provide customers with options to create one-time passwords starting from August.
News
US Senate banking bill proposes easing of restrictions for smaller banks
By BBR Staff Writer
The US Senate is considering easing mortgage rules for the financial industry besides increasing the congressional scrutiny of Federal Reserve in a regulation relief bill.
News

Risk Management

Survey finds more attention needed on risk culture and incentive compensation
With regulators around the world hammering away at banks' risk management, culture, and incentive compensation efforts, a new survey by Deloitte Touche Tohmatsu Limited (Deloitte Global) finds that financial institutions have a great deal more work to do on this front to meet heightened regulatory expectations.
News
Financial services firms to increase risk-management investment during next two years: Accenture
Nearly nine in ten financial services firms plan to increase their investment in risk-management capabilities in the next two years in response to emerging risks of cyber security and fraud, according to a new report from Accenture.
News