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

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.

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.

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

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.

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

Financial sector faces era of cyber mega heists

Computer Weekly

Banks and other financial institutions are threatened by a new breed of elite cyber criminals running professional operations that will use any means to achieve their goals, says Barclays security chief

Financial cyber attacks increase as malware writers join forces

Computer Weekly

Financial malware attacks increased 16% in the second quarter of the year, driven by collaboration between the developers of two banking Trojans in the top the financial malware threats, says Kaspersky Lab

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

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

New financial regulations go into effect in New York

Network World

On March 1, new regulations go into effect in New York State, requiring that all regulated financial services institutions have a cybersecurity program in place, appoint a Chief Information Security Officer, and monitor the cybersecurity policies of their business partners.

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

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

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

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

Did Move 37 Signal The Impending Death Of The Financial Services Industry As We Know It?

Forrester IT

A couple of years ago I wrote a post predicting a new business paradigm for financial services. This week I spoke on "The Experience Economy" at a client conference where attendees were primarily from the financial services industry.

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

6 Steps to Financial Freedom

Galido

Everyone yearns for abundance and financial security, it is a human desire we all share. While we all have this in common, only a limited few ever actually reach true financial security. Increase Your Formal AND Financial Education. Learn how to decipher financial statements.

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

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

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

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

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

Top 10 financial services stories of 2016

Computer Weekly

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

Do you work in the financial sector? Time to step up your cybersecurity habits

Tech Republic Security

A report from IBM Security revealed a 937% increase in records stolen from the financial sector in 2016. Here's what you need to know and do to protect your sensitive data

IBM 22

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

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

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

IDG Contributor Network: Don’t make risk and compliance the enemy of financial services innovation and reinvention

Network World

The financial services industry lives with a mixed blessing. Because our world is powered by transactions, both consumers and businesses alike look to the financial services industry to constantly innovate. That’s the good part of the mixed blessing: the opportunity to improve and reinvent. + Also on Network World: Financial services firm adopts agile for digital development +.

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

21: A Bitcoin Miner With Potential To Shape The Future of IoT, Enterprise Tech and Financial Services

CTOvision

Research Team. 21 was founded and is led by some of the most savvy computer scientists in the world, including the highly regarded bitcoin thought leader Balaji Srinivasan.

Twenty years of online banking has increased financial awareness

Computer Weekly

Online banking is helping people manage their finances better and reduce their debt as a result