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TickSmith’s TickVault platform has been implemented by National Bank of Canada. Based on Hadoop technology, the Big Data solution is used for storing, managing, analysing and delivering structured and unstructured financial data.
“Accumulating and working with growing scales financial data, particularly trade and quote history, was proving problematic for our Global Equities Derivative Group. Traditional technologies and relational databases could not keep up,” says Pascal Bergeron, Director of Algorithmic Trading. “With a specialised solution based on Hadoop, data manipulations that took days are now done in minutes. This is opening up many interesting possibilities.”
EBA Clearing reports that close to 40 financial institutions operating across the Single Euro Payments Area (SEPA)
are to support and fund the development and implementation of its pan-European instant payment platform. The service is scheduled to go live in the fourth quarter of 2017.
“We are very pleased about the strong commitment we have received from future users for our proposal to deliver a pan- European instant payment infrastructure solution,” says Erkki Poutiainen, Chairman of EBA Clearing, which as separated out of the Euro Banking Association in 1998 and launched as a company owned by 52 member banks. “Based on this support, our Board has formally kicked off this development and implementation project. We now look forward to bringing our instant payment solution to life with the active contribution of the funding banks, for the benefit of the future user community and its customers.”
Activist hacking group Anonymous has resurrected its Operation Icarus campaign and downed the National
Bank of Greece’s website in a distributed denial of service attack. It now plans a 30-day war on the world’s central banks. “The attack lasted for a few minutes and was successfully tackled by the bank’s security systems. The only thing that was affected by the denial-of-service attack was our website,” the National Bank of Greece has announced.
Operation Icarus made headlines in 2011, on the back of a string of attacks on Wall Street banks. The group has posted a video on YouTube, declaring: “Olympus will fall. A few days ago we declared the revival of Operation Icarus. Today we have continuously taken down the website of the Bank of Greece. This marks the start of a 30-day campaign against central bank sites across the world.”
Easypaisa, the Pakistan-based branchless banking solution, is deploying the Ericsson Wallet platform in what is
being pitched as one of the largest mobile money service offerings in the world. The venture was launched jointly by Tameer Micro Finance Bank and Telenor Pakistan. Norway-based Telenor Group, which owns Telenor Pakistan, recently completed the acquisition of Tameer Micro Finance Bank.
The existing Easypaisa service, which includes an integrated m-commerce solution, has more than 21 million active consumers and 75,000 agents in over 800 cities throughout the region, including rural areas. Nadeem Hussain, Founder, President and CEO, Tameer Micro Finance Bank, says: “Easypaisa is continuously focusing on enhancing customers’ experience of doing financial transactions in a secure and seamless manner. It is essential to have the right technology partner to roll-out new services that provide added benefits and services to propel financial inclusion through branchless banking.”
Mobile-only challenger bank Tandem is launching a crowdfunding campaign, with the aim of raising £1 million.
The initiative, which goes live in May, is part of the UK startup’s “co-founders” programme, where customers (5,000 thus far) give feedback on what the bank should look like and in return are given shares in the business.
www.ibsintelligence.com © IBS Intelligence 2016
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