Cybersecurity
Banks seek greater clarity from regulators on cloud risk
Regulators have been reluctant to specify cloud risks, despite warnings of overreliance on three big providers.
Waters Wrap: Examining Digital Asset’s DLT strategy (and its broader implications)
Digital Asset has slowly expanded its influence with exchanges in the APAC region, and this year has made additional inroads in the US and Europe. Anthony examines the company's wins and losses over the last seven years.
Waters Wrap: On people and thinking outside the box when hiring
Anthony explains that Wall Street is too cookie-cutter when it comes to producing and attracting talent. As tech keeps on rapidly evolving, banks and asset managers are going to need to look beyond the usual ranks to find specialist skills.
BofA and HSBC: at the intersection of cybersecurity and neurodiversity
Closing the growing gap between adequate enterprise cybersecurity protection and available resources is fraught with obstacles, so Bank of America and HSBC are pursuing an unconventional approach: seeking out neurodiverse talent with a knack for pattern…
Companies race to tackle widening cybersecurity talent gap
More realistic job requirements and in-house training programs could boost recruitment in face of increased cyber threats
Bank consortium led by SocGen seeks to cure post-trade data ills
Project led by Societe Generale that uses privacy-enhancing technologies to solve data management issues hopes to sign up five banks and launch as a legal entity.
Waters Wrap: Cloud, AI, Interop: The evolutions driving fixed-income progress
Anthony believes these advancements will provide the opening for Big Tech firms to created outsized influence that will change financial technology forever.
Risky business: Moody’s attempts to carve out space in overrun ESG market
In the past two years, Moody’s Analytics has acquired four vendors that the ratings specialist hopes to integrate for ESG offerings in a crowded market.
Now that Oats is scrapped, regulators will have to (Cat)ch up
Retiring Oats is a milestone on the long and winding road to Cat implementation, but the SEC must make some major decisions in a very short timeframe before the Cat journey is over.
Direxion turns to Two Sigma’s Venn for thematic ETFs
The firm is using the platform as a comparison tool as it evolves its fund offerings.
Cyber attacks top threat to US financial system—bank CEOs
Lawmakers have signaled a readiness to act as finance chiefs warn of heightened cyber risks.
Financial institutions battle cyber threat info overload
Cyber threat intelligence is crucial for the defense of an organization’s network, but financial firms have to figure out how to make sense of all the data first.
Magnetic tape looks to find a new life at banks in a cloud-based world
IBM, which recently set a new world record for tape storage, says a lot of its financial services clients use the medium for storage as its cheaper and safer than other digital storage options. Others are skeptical of tape’s long-term prospects.
Confidential computing projects could answer industry’s cloud security questions
Perhaps smarter than blockchain and certainly closer than quantum computing, this type of complex computing could accelerate banks' move to the cloud—if the industry gets it right.
Fed could require senior management to explain AI models
A new era of accountability might see the Federal Reserve demand model explainability to keep financial system safe.
People Moves: Carmignac, Broadridge, Wall Street Horizon, ACA Compliance, Baton Systems & more
A look at some of the key "people moves" from this week, including Abdellah Bouziane (pictured) who has been appointed global head of compliance at Carmignac.
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.