Latest articles from Transactions & Technology

Retail banking spurs IT drive

April 5, 2004

Despite the global economic slowdown of the past few years, consumer banking services have kept pace in terms of total revenues and profits compared with banks’ other lines of business. A sample of large US and international banks with diversified business shows that retail banking products and services profits accounted for $184bn, representing an average of 54% of the total for 2003.

Barriers to change

April 5, 2004

While most banks know their core systems are overdue for replacement, the dual obstacles of high cost and high risk are preventing them from taking the plunge. 

Adapting core systems

April 5, 2004

The demands of competition and regulation mean banks need to be poised for action. Their core systems must be able to evolve with industry changes, says CSC’s Anita Bradshaw.

What’s directing modernisation?

April 5, 2004

Until now, reducing costs and improving flexibility have driven the development and change of core banking systems. However, the burden of new regulations is also putting pressure on banks to unify their customer and product data.

Packaged for convenience

April 5, 2004

Core banking system replacement is risky and complex but is an increasingly likely scenario for banks. Like their smaller peers, larger institutions may need to opt for packaged solutions to keep costs and time-to-market down.

Consolidation savings still remain a dream

April 5, 2004

Much has been said about the need for greater consolidation in the securities industry, especially to bring together the fragmented clearing and settlement infrastructure in Europe but, as Frances Maguire finds, consolidation is not always what it is cracked up to be.

SG creates new division

April 5, 2004

Société Générale has set up a new division, Global Securities Services for Investors, to provide full investor services on securities and listed derivatives covered by the group worldwide.

T-bill platform from EuroMTS

April 5, 2004

Electronic trading platform, EuroMTS last month launched what it hopes will become the main platform for trading treasury bills. To ensure the deepest possible liquidity, Euro Benchmark Treasury bills will be offered via a parallel listing on the EuroMTS Benchmark Treasury bills market and on their own MTS domestic markets.

Global Risk Regulator

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