September 16, 2013 - Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management and MH Derivative Solutions (MHDS) today announced a new partnership agreement. As an independent resource, MHDS will provide market training to existing Numerix users and offer support for product research.
September 16, 2013 - Financial services outsourcing and software provider Target Group, with over £5 billion in assets under management, has made a key appointment in Paul McGarrigle. Paul brings extensive industry experience to his new role as Head of Business Process Improvement.
September 16, 2013 - The US National Security Agency allegedly tapped in to credit card and bank-to-bank transactions crossing the Visa and Swift networks as part of its global intelligence gathering operations, according to documents passed to Der Spiegel by whistleblower Edward Snowden.
September 13, 2013 - UK police have arrested 12 men accused of plotting to take control of a Santander bank branch computer and use it to steal millions of pounds.
September 11, 2013 - US banks could face a wave of distributed-denial-of-service (DDoS) hits today to mark the anniversary of the 11 September 2001 terrorist attacks, warns the FBI.
September 11, 2013 - Moody's Analytics, a leader in risk measurement and management, today announced the release of RiskFrontier™ 3.4, the latest version of its award-winning portfolio management and economic capital solution for banks, insurance companies, asset management firms, and corporations. RiskFrontier 3.4 adds a new risk measure that combines regulatory and economic capital into a single metric.
September 9, 2013 - China Everbright Securities lost $85.5 million due to a technical glitch in its order management system which flooded the market with erroneous buy orders and seriously disrupted trading in China last month.
September 9, 2013 - MORS Software today published the results of their annual Liquidity Risk Management survey carried out in May, June and July 2013 which highlighted the importance of intra-day liquidity risk monitoring for most banks while pointing out that many banks have not yet completed their intra-day liquidity risk projects.
