The Treasury Committee requested that RBS chief executive Stephen Hester provide a detailed explanation of what went wrong at the bank to cause its ongoing IT issues. In a letter to the bank, Andrew Tyrie, chairman of the Treasury ...
Tags: RBS, MPs, IT Explanation
Regulators must force banks to overhaul complex IT infrastructures which risk causing further large-scale system outages, IT trade body Intellect has urged. The UK’s financial IT infrastructure is no longer fit for purpose and risks ...
Tags: IT infrastructure, IT trade, financial IT infrastructure
The UK's financial services sector needs urgent investment in its IT infrastructure in order to identify and mitigate systemic risks,according to a report by the trade association for the UK technology sector,Intellect. In its Biting the ...
Tags: Banks, IT infrastructure, financial system, RBS
Royal Bank of Scotland (RBS) and NatWest customers are still facing technical issues as an IT failure continues to cause havoc for the banking group. Bank customers first found their RBS and NatWest services were unavailable at lunchtime ...
Tags: RBS, NatWest, technical issues, IT failure
Some Royal Bank of Scotland (RBS) and NatWest Bank customers cannot access online services as the banking group experiences a computer problem. RBS and NatWest are part of the same group and they share many systems. According to Sky ...
Tags: RBS, NatWest Bank, online services
Royal Bank of Scotland (RBS) and Natwest customers are still having issues with their bank accounts, as the technical problems causing havoc at the banking group enter their fifth day. In a statement last night, RBS admitted it had only ...
Tags: RBS, bank accounts, software failures
Banking giant RBS Group claims that the "technical failure" of its computer systems, which has been causing severe problems for customers since at least last Wednesday, has now been fixed. But it admits that knock-on problems will ...
Tags: RBS Group, technical failure, computer system, bank system
As telecom companies in Africa scramble to adopt next-generation mobile services to boost revenue, MTN South Africa has launched a commercial Long Term Evolution (LTE) network with the help of Ericsson. The network is the first to be ...
Tags: LTE network, telecom, mobile services, network
Minister for Infrastructure and Transport Anthony Albanese and Minister for Finance and Deregulation Senator Penny Wong have announced the establishment of the Moorebank Intermodal Company and the appointment of the chair and directors to ...
Tags: Moorebank Intermodal Company, Sydney, government business, logistics
The Large Hadron Collider(LHC),which aims to answer fundamental questions of the universe's existence,is one of CERN's most important projects.But as the LHC produces 1PB of data every second,big data and lack of computing resources were ...
Tags: CERN, OpenStack, cloud computing, LHC, Essex
Royal Bank of Scotland’s insurance arm Direct Line being demerged from the parent company is gearing up to slash about 900 employees, as a part of its 100m pounds cost-cutting drive. The auto insurer has drawn an outline to save the ...
Tags: demerge, Royal Bank of Scotland's insurance, Direct Line
RBS is looking for viable ways to dispose its car and home insurance business in the UK, which may fetch 7bn pounds. The partly government owned bank abandoned the disposal of the underwriting firm through bid approaches from trade buyers ...
Tags: RBS, car insurance, home insurance, insurance
The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity for the $628 billion equipment finance sector, showed overall new business volume for October was $7.6 ...
Tags: Equipment Leasing and Finance Association, ELFA, finance sector
RBS is the first bank in the UK to adopt Visa Europe's digital wallet with an initial roll-out of technology that the bank believes will make it easier for customers to securely buy while on the move. Visa Europe's V.me digital wallet was ...
Tags: RBS, Digital Wallet Trial, UK, new payment technologies
Mobile phones are expected to play a significant role in the future of cashless payments in remote and on-premise purchases. Payment companies are ramping up their mobile offerings in the scramble for this lucrative market. ...
Tags: mobile phones, cashless payments, remote purchases, on-premise purchases