DTCC Reveals Critical Need for Market Infrastructure Solutions to Meet Rising Collateral Demand
January 22, 2014 - The Depository Trust & Clearing Corporation (DTCC) today cautioned that financial firms could face significant cost, risk and operational challenges managing margin requirements in the years ahead and called for collaborative solutions that leverage market infrastructures to help the industry meet increasing demands.
A Comprehensive Data Strategy is Crucial in the Age Of Data-Driven Banking - New Research from GreySpark
January 22, 2014 - A new piece of research from GreySpark Partners, a capital markets consultancy, examines the strategic principles of data management that are necessary for investment banks to stay competitive as increasing volumes of data are created by trading activities and client interactions.
Thomson Reuters Survey Highlights Companies’ Uncertainty Around Conduct Risk
January 22, 2014 - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the findings of a new survey which shows that although conduct risk has become one of the highest priorities for regulators worldwide, there is still great disparity in how firms are defining conduct risk and similarly how regulators are referring to the concept.
Union First Market Bankshares to re-issue cards affected by retailer breaches
January 21, 2014 - Union First Market Bankshares Corporation ("Union") today announced that it will reissue credit and debit cards impacted by the data breaches at Target and Neiman Marcus.
Economist Intelligence Unit Survey – More Retailers Using Analytics, but Barriers to Effective Use Remain
January 21, 2014 - A new survey by The Economist Intelligence Unit finds that nearly all respondents' businesses have seen a positive economic return from investment in data analysis for the strategy area. Also, the single biggest barrier to retailers making effective use of data is figuring out what is useful amidst the overload—a problem cited by half of the respondents.
It may be Riskier to Ignore Big Data than Implement it, says New ISACA White Paper
January 21, 2014 - Enterprises that choose to avoid using big data analytics techniques because of the possible dangers, such as security and privacy breaches, may be creating risk of another type, says a new white paper from global nonprofit IT association ISACA. "Generating Value From Big Data Analytics" encourages information technology professionals to look at big data holistically, taking into account the cost of inaction.
Russian teen accused of writing Target malware
January 20, 2014 - The Target data breach which has left tens of millions of payment cards compromised was carried out using off-the-shelf malware authored by a 17 year old Russian, according to security firm IntelCrawler.
ECB SEPA migration stats show improved uptake
January 20, 2014 - New statistics released by the European Central Bank (ECB) show that migration to the Single Euro Payments Area (Sepa) gathered pace strongly in December.
