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.

Running IT Like A (Financial) Business

Chuck's Blog - EMC

You wouldn’t try to run a business without good financial instrumentation — and the same is quickly becoming true for many progressive IT shops. It was perfectly acceptable to run around and manually gather key metrics at the end of a quarter or financial year.

Trending Sources

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

BMW runs first Innovation Lab for financial services division

Computer Weekly

Five startups take part in luxury car manufacturer’s first “innovation lab” to develop financial technology solutions

Dubai financial services regulator launches temporary licence aimed at fintechs

Computer Weekly

Dubai is making it easier for financial technology companies to test out their ideas through a temporary licence

Sub-prime lender links technology upgrade to financial problems

Computer Weekly

Lender partly blames new automation software for its poor performance

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

Why financial planning asks more of CRM than other industries

IT Toolbox

The demands on CRMs from the financial planning and wealth management markets are greater than from other industries. This is partly the result of regulatory pressures but in addition, money management platforms need to continue to interact with clients at a highly granular level as both customers’ financial needs and the condition of public financial markets change.

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.

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

Latisys Expands to UK, Reveals Healthy Financials

Data Center Knowledge

High-touch hybrid hosting provider Latisys is expanding its platform to the UK, as well as disclosing some financials for the first time. The company has hit an annual revenue run rate of $100 million. Latisys

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

Cyber criminals net £8bn from financial services in 2016

Computer Weekly

Organised cyber fraud gangs are turning their attention to online lenders and emerging financial services, potentially netting £8bn in 2016, a report reveals

.Net 52

Financial services firms advised to ditch private datacentres and invest in cloud

Computer Weekly

DTCC whitepaper claims financial services firms that shun cloud are at heightened risk of running into resiliency, security and performance issues

Top 10 financial services stories of 2016

Computer Weekly

Here are 10 of the most popular fintech articles on Computer Weekly in 2016

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

Number of people hit by professional financial cyber attack grows after lull

Computer Weekly

Kaspersky Labs reports that the number of people hit by financial cyber attack grew in 2016 after falling in the previous two years

Human weakness enabling financial cybercrime

Network World

It may be time for a revision of, “the customer is always right,” at least in the financial sector. Attendees had heard Kenneth Montgomery, first vice president and COO of the Boston Fed, say earlier that cybersecurity is now, “the number-one operational and enterprise issue” for the financial sector.

Figures suggest blockchain is a 'no brainer' in financial services

Computer Weekly

Blockchain has quickly established itself in financial services businesses, with companies in other industries likely to see a similar trend

Financial Conduct Authority concerned about cyber security of banks

Computer Weekly

The FCA expresses concern about the cyber security of banks after 9,000 Tesco Bank customers lost £2.5m in fraudulent transactions

Financial trader bets on hyper-converged from Nutanix

Computer Weekly

London Capital Group ditches server-plus-SAN architecture for Nutanix and slashes deployment times and datacentre footprint with hyper-converged server/storage boxes with VMware

Financial institutions need to rethink security, say analysts

Computer Weekly

Financial services providers need to rethink their approach to information security, according to the results of a global survey

Chatbots Already Emerging in Financial Services

IT Toolbox

Look for these chatbot platforms to start moving quickly into the wealth realm. Chatbots that are combined into robo-advisor platforms will likely provide the next killer apps in the wealth space

What Could Next-Gen Financial Coaching Look Like?

Forrester IT

Over the past decade, Forrester has written extensively about the evolution of digital money management (AKA personal financial management, or PFM). Digital money management promises to give millions of people the financial education, budgeting tips, financial guidance, and advice that they sorely need. Yet, despite customers needing financial advice as much as ever, early implementations […].

A quarter of financial sector data breaches linked to lost or stolen devices

Computer Weekly

Financial sector breaches in the US doubled in 2015 over the year before, according to a report by security firm Bitglass

IBM: Financial services industry bombarded by malware, security threats

Network World

The financial services industry is the target of a whopping 65% more targeted cyber-attacks than the average business, according to security watchers at IBM’s X Force. The number of financial services records breached skyrocketed 937% in 2016 to more than 200 million. Financial institutions were forced to defend against a 29 percent increase in the number of attacks from 2015, IBM stated.

.Net 27

Booz Allen Releases Annual Financial Services Cyber Trends for 2015

CTOvision

The Top Financial Services Cyber Security Trends for 2015: Third-party risk moves to the top of the list. Like other sectors, the financial services industry is a huge mesh of intertwined capabilities. As illustrated by numerous breaches this year, the security posture of critical third parties, such as the retail industry, can have a profound impact on financial services firms. By Katie Kennedy.

5 Technologies Ready To Take The Financial World By Storm

IT Toolbox

When the financial industry changes it sends shockwaves around the world. We're just hoping the next time anything significant occurs it's fairly positive. There is a good chance it will be and it's all thanks to new technology. Although these technologies aren't brand new they've not quite hit the mainstream yet. Fortunately, it won't be the case much longer. Let's take a

Financial Firms’ Cloud Security Practices Maturing: Report

Data Center Knowledge

Almost every financial services firm stores personally identifiable information in the cloud Read More. Shared

Financial Networking Company Prepares for ‘Post-Quantum’ World

Data Center Knowledge

Two firms partner on security products they say will resist hacking even by a quantum computer Read More. Security

Does Backing Up Data to Cloud Make Financial Sense?

Data Center Knowledge

Knowing whether it makes more financial sense to to backup data onsite or offsite in a cloud depends on the required amount of data needing to be stored and how much bandwidth it might take to move across the internet. Either way, it''s complicated. Read More. Industry Perspectives

Enterprise Augmented Reality in the Financial Services Industry

IT Toolbox

Their proof-of-concept was introduced at a fashion show for House of Holland?s s menswear launch. Customers just pointed their apps at the model and their garments and saw a VR overlay of the items for sale and their prices

T5 Lands Financial Customer in Atlanta Data Center

Data Center Knowledge

Following recent leasing success in Dallas, T5 data centers has landed another big deal with a financial customer in its Alpharetta, Georgia facility. Read More. Atlanta T5 Data Centers