Against the backdrop of a rising number of sophisticated cyber-attacks on the financial services sector, new guidance on how financial market infrastructures (FMIs) should protect themselves has been put out by a couple of global bodies.
Results of a new survey reveal that operational and technological change is high on the list of priorities for investment management firms. The report, which is being launched at the TSAM New York conference taking place today, reveals that over half (56%) of respondents expect their firm to replace at least part of their existing technology platform, while a quarter (27%) plan to outsource some areas of operation in the next 12 months in a bid to improve efficiency and focus on core operations.
The Financial Stability Oversight Council (FSOC) has zoned in on marketplace lending and distributed ledger technology as emerging threats to the safe operation of financial markets.
In an effort to promote further adoption of EMV in the U.S., American Express (AXP) today announced changes to its EMV chargeback policy to help merchants limit their fraud costs as they upgrade their point-of-sale systems.
IT spending by banking and securities firms in the mature Asia/Pacific region will reach $22 billion dollars in 2016, a 0.47 percent increase from 2015, according to Gartner.
April 7, 2016 - New Research from State Street Shows Official Institutions are Focusing on Risk Management, Governance, Technology and Talent as They Diversify Their Investment Portfolios.
April 5, 2016 - The International Consortium of Investigative Journalists used Neo4j, the world's leading graph database technology, to unearth what's hailed as the world's biggest- ever financial leak story.
March 31, 2016 - Americans are quickly embracing EMV chip cards, just six months after the latest milestone in the migration timeline. While consumers increasingly dip their cards to pay in-store, progress has been made by both card issuers and merchants.
