Bacs warns firms to prepare for new era of Internet security
May 29, 2015 - The internet and internet security are moving on, and this could affect access to the service which is used for collecting Direct Debit or making Bacs Direct Credit payments.
Visa bids to streamline integration between mobile tech companies and banks
May 29, 2015 - Visa Inc. (NYSE:V) today announced a new program that connects financial institutions and technology companies to simplify and accelerate the roll-out of new payment and commerce services.
Trillions of assets still managed on outdated legacy systems finds SimCorp report
May 28, 2015 - SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today published a report, Legacy systems: The elephant in the room. Why investment management firms need to tackle the issue head-on, which presents new findings from analysts and industry experts showing the investment management industry's continued over-reliance on technology that is not fit for purpose.
Alternative challengers in FinTech championing security and regulations
May 27, 2015 - The global financial crisis has left consumer confidence in banks at an all-time low. This disillusionment has led to 'alternative challengers' in the FinTech industry offering alternatives to consumers and businesses. This growth is being underpinned by innovations in technology and FinTech's commitment to maintaining its integrity by implementing strict security and regulatory measures, believes Rosemary Fallows, Head of Operations at Money Mover.
Financial Services firms must take data security more seriously warns Advanced 365
May 20, 2015 - Financial Services firms must take data security more seriously and adapt their strategies to mitigate the risk of emerging cyber-threats in what is tipped to be the sector's next disruptive decade. These are the findings of a new white paper commissioned by leading managed service provider, Advanced 365 (Advanced).
Corporate Treasurers Receive an "F" for Fraud Prevention, shows Kyriba / ACT Survey
May 20, 2015 - Many corporate treasurers are in denial about the threat that financial fraud poses for them, according to the 2015 Kyriba / Association of Corporate Treasurers annual treasury survey. The survey of more than 300 treasury and finance professionals revealed that 53% of organisations have experienced attempted fraud (either external or internal), and more than half of these companies have suffered losses as a result of these attempts. Despite this risk, only 11% of treasury professionals view fraud as one of their three most pressing issues for the coming year, while just 6% said that their company's approach to fraud prevention is "poor."
Swift bids to drive ISO20022 harmonisation
May 20, 2015 - Financial messaging network Swift is working with a host of market infrastructure providers and banks to develop a framework for harmonisation of the ISO20022 standard, amid concerns that a proliferation of different flavours of the protocol will lead to fragmentation.
Bank tech and data failing to keep pace with regulatory demands
May 18, 2015 - 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 — especially at the top of the house.
