Bank spend on innovation set to soar
October 29, 2014 - Financial institutions the world over are raising their innovation spend significantly in a desperate attempt to fend off the threat to the established hegemony from technology companies, telcos, and emerging startups, according to fresh data from Efma.
Twenty-four European banks fail EBA 'stress test'
October 27, 2014 - The European Banking Authority (EBA) published today the results of the 2014 EU-wide stress test of 123 banks. The aim of the stress test is to assess the resilience of EU banks to adverse economic developments, so as to understand remaining vulnerabilities, complete the repair of the EU banking sector and increase confidence. Twenty-four European banks have failed "stress tests" of their finances.
Confluence Survey Reveals Growing Concern Over Risks Associated With Manual Processes In The Asset Management Back-Office
October 27, 2014 - Confluence, global leader in data-driven, scalable software and service solutions for the managed investment industry, today released the results of its 2014 Asset Management Industry Trends Survey. Nearly all survey respondents (94%) voiced concern that manual processes might affect their ability to control errors in the back-office, up from 85% in 2010.
Banks worldwide to invest $16 billion in branch transformation - IDC
October 23, 2014 - According to a study carried out on behalf of Wincor Nixdorf by the American company International Data Corporation (IDC), a global leader in IT market research and consulting, in 2017 banks all over the world will invest some 16 billion U.S. dollars in branch transformation and the new technologies it requires.
Cyberattacks top of mind for financial institutions - DTCC risk survey
October 23, 2014 - In the wake of several recent high-profile cyber attacks on major sectors of the global economy, cyber security now ranks as the principal concern of the financial services industry, according to results of a new survey released today by The Depository Trust & Clearing Corporation (DTCC).
Kaspersky Lab and INTERPOL Survey Reports: 60 Percent of Android Attacks Use Financial Malware
October 22, 2014 - According to the results of the "Mobile Cyber Threats" survey issued by Kaspersky Lab and INTERPOL between August 2013 and July 2014, malicious programs targeting Android-based devices in order to steal money were used in 60 percent of attempted attacks registered by Kaspersky Lab security products. These cybercriminals frequently targeted Android users in Russia, but also in Ukraine, Spain, United Kingdom, Vietnam, Malaysia, Germany, India and France.
Staples investigates data breach
October 21, 2014 - Office supply retailer Staples has become the latest firm to reveal that it is investigating a possible data breach that could leave customer payment card details at risk.
EBA publishes consultation paper on internet payments security
October 20, 2014 - The European Banking Authority (EBA) published today a consultation paper on the implementation of its Guidelines on the security of internet payments.
