Cybersecurity
This Week: State Street/Simcorp, Bloomberg, ACA, Broadridge & More
A look at some of the past week’s financial technology news.
Banks Warn of Rise in Ransomware Attacks
Banks must improve resilience of remote-working staff, says Wells Fargo financial crime expert
People Moves: Broadridge, Schroders, Cboe, TP ICAP, Temenos, Ideal Prediction, and ASX
A look at some of the key "people moves" from this week, including Vijay Mayadas (pictured) who has been appointed president of capital markets at Broadridge.
EU Proposal Takes Aim at Major Cloud Providers
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
Banks Learn from Remote Working to Improve Customer Experience
Banks are focused on making work-from-home life more secure, but how can these projects be used to improve the customer experience going forward?
Does Your Board Have Zero Trust?
Financial firms’ boards are increasingly taking a more hands-on role towards IT security—thus driving adoption of important new security measures for their firms and the industry as a whole.
Waters Wrap: Snowflake Makes its Move (And Ref Data Headaches & Data-Sourcing-as-a-Service)
Anthony explores how Snowflake is trying to win over business in the cap markets, talks about the reference data space, and examines a new breed of data vendors.
Numbering Agency Calls for Experts
The Derivatives Service Bureau is looking for new members on its technical advisory committee, after its designation as the UPI service provider.
Waters Wrap: Unintended Consequences & AI Regulation (And Mobile Trading Reg & BERT NLP)
Due to the pandemic and rapid advancements in the fields of AI and mobile technology, regulators in the US and Europe have unique challenges on their hands.
RFA Taps AI for Managed Data Services Platform
Cloud data platform includes fully managed warehousing, ingestion, and analytics, with AI-enabled security functions.
Market Participants Worry that CFTC Can’t Safeguard Data
The US derivatives regulator should let the responsibility for the storage of sensitive data fall on regulated firms, committee hears.
UBS Head of Tech: How Virtual Desktops Keep Workers Plugged in During the Pandemic
The Swiss bank’s A3 system offers a blueprint for remote working as the industry looks to life beyond coronavirus.
Banks Need a Hybrid Approach to Cryptography in Face of Quantum Threat
Execs from Barclays, IBM & Post-Quantum discuss why financial firms have to start preparing today for the future of hacking and quantum computing.
Banking Regulator: Beef Up Security in Covid-19 Remote Working Era
The OCC security controller warns that cybercriminals are exploiting the wider attack surface created by remote working.
People Moves: AWS, DTCC, Refinitiv, CloudMargin and More
A look at some of the key recent 'people moves', including Adam Honore (pictured) who joins Amazon Web Services from CME Group.
In Expansion Beyond HFT, FPGAs Eye AI
After a decade of supercharging low-latency applications, Wei-Shen Wong explores how FPGAs are pushing into new areas of the capital markets, driven by interest in AI & ML.
On the Rise of SaaS, Cloud & Chaos: BCP in an Unknown World
It’s business as usual—except when it’s not. Traders, investment bankers, asset managers, and the vendors who serve them will operate using their business continuity plans indefinitely. Tech innovations over the last decade have made these plans better,…
FCA and BoE: Evaluate Your Third Parties
Consultation on new rules is set to close on April 3, but regulators are reviewing deadlines as firms are under pressure due to the coronavirus.
IHS Markit Builds Out Alt Data Library for Research Signals
The data service provider is widening its coverage of alt datasets for signals in cyber risk and controversy data.
This Week: MEMX; Paxos/Credit Suisse/Instinet; Blue River; CJC/TREP & More
A summary of some of the past week's financial technology news.
Vendors Feel Heat as Regulators Pile Pressure on Third-Party Resiliency
UK regulators have proposed new laws to clamp down on operational resilience and third-party risk, pushing fintechs to put some skin in the game.
APIs: Frontier of a New Threat
APIs are becoming more important as firms digitize and adopt microservices architectures, but they come with unique security threats. By Joanna Wright
US Treasury Bureau: Cyber Insurance Premiums Rising
Cybersecurity insurance is getting more expensive as insurance underwriters grapple with a lack of data on this ever-evolving coverage area.
Dun & Bradstreet To Introduce Cyber Risk Solutions in 2020
In addition to expanding into cyber risk, the company plans to enhance its focus on ESG and ultimate beneficial ownership (UBO) data.