The Financial Services Authority (FSA) has demanded details of how major banks plan to prevent a repeat of the Royal Bank of Scotland's (RBS) software glitch in June 2012. The glitch in the CA7 batch process scheduler meant 12 million ...
Tags: Financial Services Authority, computer problems, Stephen Hester
Transport for London aiming to get NFC rolled out across entire network by the end of 2013 Commuters in London are now able to pay for their bus journeys using contactless payments. The development means Londoners can pay for their bus ...
Tags: Transport for London, bus journeys, credit or debit card, Oyster cards
Hardly a day goes by without a story about the UK banking community messing up in some way or other. Some of the highest profile stories of the year have been around banks side-stepping regulation and fixing the markets for their own ...
Tags: UK banking community, profile stories, banks, benefit
The Oracle OpenWorld Conference 2012 opened today at the Moscone Exhibition Centre, San Francisco. The five day affair began today with a keynote from CEO Larry Ellison who began by thanking the company’s 390,000 customers across the ...
Tags: Oracle OpenWorld Conference, keynote, ICT, cloud strategy
Current application portfolios are preventing banks from making the transformation they need ensure customer retention, says analyst Gartner, which urged them to focus more on “APIs and apps” to solve the problem. “The ...
Speech by the Mayor Shanghai, located at the foreground of the Yangtze River Delta, the strategic passage from Yangtze River into East China Sea, and the thoroughfare along the sea route of the Far East, is a sea-port city of great ...
Tags: Shanghai, business, introduction to Shanghai, Shanghai economy, survey
Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has rejected unilateral move of finalizing the proposed Corporate Rehabilitation Act by the Securities & Exchange Commission of Pakistan (SECP) to juggernaut the industry ...
Tags: textile market, textile industry, textile products, textile
CNA has been selected as the endorsed insurance carrier for the Arkansas Bankers Association(ABA),the largest and oldest banking industry organization in Arkansas,from 01 May 2012. According to the company,the selection is based on its ...
Tags: CNA, ABA, Endorsed Insurance Carrier
The government has published its Digital Strategy document this morning,promising to improve online experiences for service users,and move rapidly towards"digital by default"access channels to replace telephone and in-person transactions. ...
As every company industry is suffering from present international crisis and everybody is talking of slowly down in company,still in Indian there are few areas which will develop in this adverse scenario.Let's have a look. 1.Meals No ...
Tags: Indian Industry Areas, Train, Meals, PSU Financial organizations
Thanks to mainland China's recent relaxation of the conditions for QFIIs(qualified foreign institutional investors),some Taiwanese banks will be able to obtain QFII status for directly investing in mainland Chinese stocks or accepting the ...
Tags: Taiwanese Banks, Chinese Stocks, QFII
Many automated teller machines(ATMs)and point-of-sale(POS)terminals fail to properly generate random numbers that are required by the EMV protocol to securely authenticate transaction requests,according to a team of researchers from the ...
Tags: ATMs, POS terminal, EMV, secret encryption key, ARQC
David Weymouth, group director of operations and risk at insurance giant RSA, talks to Computer Weekly about the importance of training the next generation of IT leaders; the key changes affecting finance technology; and why a government ...
Tags: Interview, RSA, insurance, banks'IT systems, Finance IT systems
The Banking Industry Architecture Network (Bian) has called for the adoption of a service-oriented architecture (SOA) framework across the banking and industry and its software and services suppliers to support the move to off-the-shelf ...
Tags: Bian, Commercial Software, software, services, off-the-shelf software
US underwriter BancorpSouth Insurance Services, a subsidiary of BancorpSouth Bank has struck a deal to buy the assets of the Securance Group, for an undisclosed amount. BancorpSouth chairman and CEO Aubrey Patterson said the agreement to ...
Tags: Service, Insurance Services, Insurance