Financial Services - News, Features, and Slideshows


  • ‘Bigtech’ not fintech the biggest threat to banks

    Fintech – startup companies offering innovative financial services — are often touted as a major threat to established banks, but, says Laura Crozier, global industry director, financial services at Software AG, it is the 'bigtech' companies — in particular Amazon, Apple and Google — they should fear most.

  • Data brings banks closer to customers

    Banks are seeking closer relationships with customers through greater use of customer data and new technologies, according to banking and telecom officials at the CeBIT Financial Tech conference in Sydney.

  • IBM announces tech deals with five African banks

    IBM Wednesday announced the signing of five strategic agreements in the Kenyan financial services sector, which it said are another example of the growing wave of innovation in African banking.

  • Court dismisses most breach claims against Heartland by banks

    A U.S. district court in Texas has dismissed all but one of the claims brought by several banks against Heartland Payment Systems over the massive data breach the payment processor <a href="">disclosed in January 2009</a> .

  • Robots are taking mid-level jobs, changing the economy

    Cambridge, Massachusetts: Computers and robots will replace humans in enough jobs that they will dramatically change the economy, said industry watchers and MIT economists at a robotics symposium Monday. And, they said, the transition has already started.

  • Appeals court says some claims may proceed in Hannaford data breach lawsuit

    In a rare instance of a court's siding with consumers in a data breach lawsuit, a federal appeals court has cleared the way for a class-action lawsuit to proceed against grocery chain Hannaford Bros. over a 2007 <a href="">data breach</a> that exposed millions of customers' credit and debit cards.

  • Vending machine company announces major data breach

    Vacationland Vendors, a company that supplies vending machines and games to entertainment venues, has disclosed a data breach affecting about 40,000 people who visited waterpark resorts in Wisconsin and Tennessee between December 2008 and May 2011.