The 5 Digital Transformation Identities of Financial Services Organizations

CEB IT

One-third of financial services CIOs identified digital as their top business priority for 2019, up by more than 8% from last year, according to Gartner. Digital business usually means different things for financial services CIOs,” says Juergen Weiss , Practice Vice President at Gartner. “We We can differentiate two completely different digital strategies in the financial services industry: Digital optimization and digital business transformation.”.

Ethereum now among top 10 financial services; value higher than m-cap of Citigroup, SoftBank

CTOvision

Months after cryptocurrency king Bitcoin became the largest financial […]. Ethereum’s price has scaled up over 1300 per cent from $138.5 as of April 2, 2020, to $1,944 as of April 1, 2021.

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Why the Financial Services Industry is Embracing the Cloud

Information Week

Financial services firms, such as banks and insurance providers, are rapidly heading into the cloud, lured by the promise of multiple monetary, innovation and performance benefits

Financial sector leading the way on hybrid cloud

CTOvision

Financial services companies are benefitting hugely from embracing hybrid cloud platforms as the industry continues its digitial transformation journey, new research has found.

How AI is shaping financial services

CTOvision

Artificial intelligence (AI) is in the process of transforming a variety of models in the global financial services industry, a global survey jointly conducted by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the World Economic Forum suggests.

How Nationwide taps Kafka, MongoDB to guide financial decisions

Venture Beast

Nationwide Building Society CIO Gary Delooze discusses how data technologies such as Kafka and MongoDB offer customers financial insights. Read More.

Nation’s Financial Heavyweights Issue Cyber Warning

CTOvision

I have a sense that 100% of my business associates, and the entire online community of CTOvision.com and OODAloop.com are not the least bit surprised at what is in new cyber threat warnings from the Department of Treasury’s Office of Comptroller of the Currency (OCC) and the independent Federal Deposit Insurance Corporation (FDIC). In fact, […]. News FDIC FFIEC OCC

Google launches Datashare to help manage financial services data

Venture Beast

Google Cloud's new service, Datashare, is designed to address the needs of data consumers and publishers in the financial services sector. Read More.

AI-powered financial research platform Sentieo nabs $20M

Venture Beast

Sentieo, which offers AI-powered financial investment research tools, raised $20 million in a venture funding round. AI VB Home Page ai artificial intelligence category-/Business & Industrial financial research Fintech funding daily machine learning Sentieo

What Financial Services Executives Need To Know About Data Security

CTOvision

Read why financial services executives need to know about data security on Forbes : The financial services industry experiences 35% of all data breaches, earning it the unflattering title of the most-breached sector. It’s easy to understand why. The industry is known for its wide array of interconnected systems and the processing of millions of […]. Cyber Security News

How businesses can reduce the financial impact of data breaches

CTOvision

Read Lance Whitney explain how businesses can reduce the financial impact of data breaches on the Tech Republic : Data breaches can be costly for an organization in terms of lost or stolen data, customer mistrust, legal investigations, and recovery efforts. As a result, the sheer financial costs of a data breach can severely weaken […].

The Downside Of digital Labs For Financial Innovation

Forrester IT

The race to digital is heating up in financial services (FS) organizations; increasingly, the engine making this happen is Agile. Quite simply, it is software that makes any financial business truly digital. financial services. Agile Application Development DevOps Insurance Scrum agile software development banking continuous delivery continuous integration digital disruption digital innovation financial services waterfall

How financial cybercrime targets shifted in 2020

Tech Republic Security

COVID lockdowns may be behind a major change toward targeting e-commerce and using new forms of attacks, Kaspersky finds

Mitigating Insider Threat Risk in Financial Services

SecureWorld News

Director, Infrastructure Security at FINRA on the SecureWorld broadcast Mitigate Insider Risk in Financial Firms. 4 key findings of insider threats in the financial services sector. FINRA helps maintain the integrity of the financial markets and takes that role very seriously. "We

Confusion And Vendor Adolescence Stalls AI Innovation In Financial Services

Forrester IT

AI is a hot topic in financial services. And its easy to see why. Increasing margins on transactions, decimated by compliance costs and low interest rates, reaching new market segments, and automating routine tasks, makes AI innovation attractive. And in one sense, FinServ has always been about algorithmic innovation. There is no higher potential ROI than beating the market.

DataRails, which automates financial reporting for Excel users, nabs $18.5M

Venture Beast

DataRails, which helps businesses understand their financial data better, and more quickly, has raised $18.5 million. Read More.

Finland’s OP Financial Group outlines digital ambitions

Computer Weekly

Chief digital officer at financial services group describes how new technology is fundamentally changing the business

Freedom Financial CIO Taps Analytics for COVID Tracking

Information Week

As employees trickle back to the office, Freedom Financial is using technology and analytics to help prevent the spread of COVID-19

Surviving the new normal: What to do when a customer asks to see your startup’s financials

Venture Beast

It's possible that enterprise buyers will ask to see your startup's financial statements before committing to buy your product. Business Entrepreneur category-/Business & Industrial category-/People & Society startup financials

Silent Eight leverages AI to detect and solve financial fraud

Venture Beast

Silent Eight, a startup leveraging AI to help detect and solve financial fraud, has raised $8.8 million to expand its reach. Read More. AI Big Data Business Cloud Dev Enterprise Entrepreneur Security category-/Computers & Electronics/Computer Security funding daily Silent Eight

Why 2019 Was Actually A Secret Success For Blockchain In Financial Services

CTOvision

Read Biser Dimitrov explain why 2019 was actually a secret success for blockchain in financial services on Forbes : Now, as most of the 2020 blockchain predictions have settled in and the year is near its end, let’s review the highlights in the enterprise blockchain and digital assets space, especially in the financial services vertical. […].

5G In Financial Services

Forrester's Customer Insights

5G will become a general-purpose technology for financial services firms. Age of the Customer banking customer experience management customer-centric design financial services Insurance mobile technology omnichannel customer experience 5G

What Financial Firms Want in Cloud Adoption Strategies

Information Week

Lead technologists from three financial institutions shared their infrastructure transformation needs at New York Enterprise Tech Meetup

Russian-speaking hacker targeting financial institutions

Computer Weekly

A Russian-speaking cyber criminal gang is targeting financial institutions in the UK, US and Russia, a Moscow-based security firm reports

Financial malware more than twice as prevalent as ransomware

Computer Weekly

While ransomware continues to make the headlines, particularly in the wake of WannaCry, research has revealed that financial threats are 2.5 times more prevalent

G7 sets financial sector cyber defence guidelines as attacks grow

Computer Weekly

G7 countries have agreed cyber security guidelines in response to concerns about the safety of interconnected global financial systems that are increasingly coming under attack, according to Symantec

Cube Software challenges legacy financial planning and analytics tools

Venture Beast

Cube Software, a startup that's building a next-gen financial planning and analysis (FP&A) platform, has raised $10 million. Read More.

The Advantages of a Faster Blockchain for Global and Financial Institutions

CTOvision

Read Zac Johnson’s article about why blockchain can provide speed and transparency for global and financial institutions on Influencive : Blockchain technology is becoming increasingly integrated into the mainstream, beyond the popular cryptocurrency market. Even traditional financial institutions, banks, investment companies, etc.,

The Future Of Financial Brands: Less Financial, More Brand

Forrester's Customer Insights

A new crop of challenger brands, such as Alibaba, Amazon, Apple, Google, Starbucks, T-Mobile, Tencent, and Walmart, are on the prowl in the financial services category. And that should have traditional financial brands worried — very worried.

Will financial advice be delivered primarily through Netflix-like subscription platforms?

Trends in the Living Networks

The ideas presented in the report include the rise of “fit-nance” tracking of holistic advice, financial advisors focusing on life coaching, and ubiquitous user ratings of advisors. Financial services Uncategorized

Financial services companies are ahead in hybrid cloud deployments

Tech Republic Security

But 73% of financial companies are moving applications off the cloud and back on premises

Financial giant S&P taps Snowflake for better cloud data distribution

Venture Beast

Warren Breakstone, managing director of S&P Global Market Intelligence, discusses why the company adopted the Snowflake cloud data platform. Read More.

How banks and banking customers can protect themselves against financial crimes

Tech Republic Security

Account takeovers and online banking fraud are two types of attacks on the rise against financial institutions and their customers, says Feedzai

Securing Financial Institutions Beyond the Vault

HID Global

Securing Financial Institutions Beyond the Vault. pwalsh@hidglobal.com. Mon, 05/03/2021 - 11:19

Setting the record straight on NFTs, the most misunderstood financial advancement in history

Venture Beast

Non-fungible tokens, or NFTs, offer businesses with tamperproof certificate of authenticity and ownership, but they need to be easier to use. Read More. Big Data Cloud Dev Enterprise Security category-/Finance/Investing/Currencies & Foreign Exchange

OneStream raises $200M to bring intelligent financial planning to the enterprise

Venture Beast

OneStream is a corporate performance management (CPM) platform that unifies companies' financial planning processes. Read More. Cloud Enterprise Entrepreneur VB Home Page category-/Business & Industrial corporate performance management funding daily OneStream

Financial services companies are starting to use the cloud for big data and AI processing

Tech Republic Cloud

The financial sector has historically been nervous about allowing its data to go off premises, making it harder to scale. Now it's allowing for some data in the cloud to speed AI and data management

ProBeat: Google will eventually sell ads against your financial data

Venture Beast

Plex checking and savings accounts will have no monthly fees, overdraft charges, or minimum balances. So what's the catch? Read More. AI Big Data Business Commerce Dev Enterprise Entrepreneur Mobile category-/Finance Google Google Pay online banking Plex ProBeat

Yseop now tells you what percentage of a financial report can be generated automatically

Venture Beast

Yseop has launched a new AI tool that shows prospective clients what percentage of their financial reports can be automatically generated. Read More.

Oracle Launches Financial Services Cloud

Data Center Knowledge

based financial services companies, the service integrates with other Oracle SaaS products Read More. Initially available to U.S.-based Cloud Computing Oracle

COVID-19 Stokes The Chatbot Hype In Financial Services

Forrester's Customer Insights

COVID-19 and the associated containment measures are accelerating digital transformation and automation in financial services. Age of the Customer Banking Chatbots financial services virtual agents voice technology Bank of America Capital One chatbots virtual assistants voice assistants

Cyber attacks cost financial firms up to £1.6m a time

Computer Weekly

The costs associated with cyber attacks on the financial sector are rising as organisations face increasingly sophisticated threats, research shows

Financial services CIOs above average for digital focus

Computer Weekly

IT leaders in the financial services sector realise they must undergo digital transformation as existing business models become outdated