The global financial services sector still faces upheaval, five years after the credit crunch decimated its ranks. But how have IT strategies changed in the years since the UK government was forced to nationalise Northern Rock? Five years ...
Tags: global financial services, IT strategies, IT infrastructure, software
Google's latest attempt to add more content to its local business listings by buying travel brand Frommer has been challenged by the Consumer Watchdog. The acquisition – the financial details of which were not disclosed – ...
Tags: Frommer, Watchdog, google, John Wiley
Open source"big data"technologies seem stuck in the sand pit of experimentation in UK corporations. This has been a consistent theme in SearchDataManagement.co.UK interviews with people familiar with early big data implementations. For ...
A new virus potentially from the same group that developed Stuxnet, Duqu and Flame has been uncovered by anti-virus software vendor Kaspersky Labs. Called 'Gauss', the malware 'spies' on financial transactions, according to the company, ...
Tags: Kaspersky Labs, Financial, Malware
The Federal Reserve Board (FRB) in the US has imposed a monetary penalty of $3.2m against MetLife, claiming that the US underwriter failed to manage its subsidiary bank's mortgage loan servicing and foreclosure processing operations. The ...
Tags: FRB, MetLife, mortgage loan
John Ryan declared that BBVA's new Flagship branch has installed a sophisticated multimedia signage system in Madrid, its key highlight being a 63-foot exterior LED. LED, kiosks and media walls installation at the BBVA Flagship ...
Tags: LED Display
Despite a years-long upgrade of Australia's payment systems, fraudsters are still profiting, leaving a questionable record for a vast program to equip debit and credit cards with new security features. For several years, Australia has ...
Tags: Australia, payment system, Cybercrime, EMV payment card
The Bank of Israel is using Google search data to find clues to the state of the Israeli economy,analysing keyword counts reported by Google,before it releases its own official statistics. And the Bank of England,the Federal Reserve in ...
Tags: central bank, Google, economy
IDG News Service - With the latest release of its Tuxedo transaction processing server (TPC), Oracle is hoping to lure mainframe users onto the cloud. Moving a mainframe application to an Oracle Exalogic system, where it would run on the ...
Nearly a quarter of the world's banks were hit by security breaches in the past year, a study shows. Top threats include vulnerabilities in mobile technologies and social media, financial fraud and "hacktivist" groups, according to the ...
Tags: security breaches, social media, mobile technologies, security systems
Buyer's credit is the credit availed by an importer (buyer) from overseas lenders, i.e. banks and financial institutions for payment of his imports on due date. The overseas banks usually lend the importer (buyer) based on the letter of ...
Tags: Buyer's Credit, Credit
Retail chip and PIN devices can be attacked easily,exposing banks,retailers and customers to fraud. Researchers from Basingstoke-based MWR InfoSecurity demonstrated at the 2012 Black Hat conference in Las Vegas that it is possible to ...
Tags: Retail chip and PIN devices, MWR Infosecurity, 2012 Black Hat, Las Vegas
In a special series,Fairfax Business Media Asia will be previewing speakers from the CIO Summit 2012. The debate on cloud computing should not be about private or public clouds but on the data centre,according to Raju Chellam,cloud ...
Tags: Cloud computing, data centre, DC, migrating apps
A letter of credit is a document that a financial institution or similar party issues to a seller of goods or services which provides that the issuer will pay the seller for goods or services the seller delivers to a third-party buyer. The ...
Tags: Letter of Credit
Over the last several years Ive had the opportunity to look at a multitude of personal financial applications, all of which offer useful collections of tools for managing your money matters. Of all these apps, none comes close to offering ...
Tags: personal financial application, Financial Management Tool