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Financial services organisations news stories - Page 2

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Cybersecurity
Financial firms exposing data through mismanaged access controls - Varonis
Almost two-thirds of the analysed firms leave more than 1000 sensitive files open for every employee to access.
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Cybersecurity
92% of financial services firms increased cybersecurity investment this year
The report revealed that 45% of respondents saw an increase in cyber-attacks since the pandemic first emerged.
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Insurance
Webinar: What’s ahead for CFOs in financial services & insurance
Join Sage and IBISWorld experts as they share their experiences and what the life of a CFO will look like going forward.
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Mergers and Acquisitions
BlackLine buys out Rimilia & boosts accounts receivable automation
BlackLine’s acquisition enables the company to improve end-to-end automation of the cash lifecycle and improve data integrity.
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Accounting
Video: 10 Minute IT Jams - Who is BlackLine?
In this interview, we speak with BlackLine A/NZ regional vice president Claudia Pirko, who discusses the role of automation and AI in finance departments and how COVID-19 has affected this.
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Data
Banking and finance – the content conundrum in a post-Commission world
By cutting out the silos and shadow systems, financial organisations can increase operational efficiency and governance.
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Digital banking
How faster data is helping financial services firms cope with new demands
Since the Royal Commission into banking in Australia shone a spotlight on the industry, banks and other financial institutions have been under more pressure than ever before to know exactly where their data is.
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Privacy
TIBCO outlines data sharing across open banking, finance and beyond
Open banking is one step in the move towards an ‘open API economy’, in which key services are shared amongst internal departments, partners, and even public developers.
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Financial services organisations
Virgin Money teams with Temenos & Deloitte Digital to launch new bank
“We are working with Virgin Money and Temenos to imagine, make and run the bank of the future."
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Robotic Process Automation / RPA
IDC names Mindfields ‘leading RPA service provider’
Named as one of the leading service providers in the recently released IDC Perspective: Six Capabilities from Leading RPA Service Providers.
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Google Cloud
Google Cloud & Temenos support DX for financial services firms
Google Cloud and banking software company Temenos have announced a move to jointly support financial services organisations.
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Kiwibank
Jon Hartley to replace Susan Macken as Kiwibank chair
"I look forward to working with the board, management and owners in the strategy implementation and to see the bank continue to realise its full potential.”
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Blockchain
Mindtree launches blockchain-powered solution for banks
The solution uses Hyperledger fabric blockchain to enable financial institutions to facilitate both debit and credit payments, faster.
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Cloud
Google Cloud gains OSPAR attestation for 75 cloud products
"It provides a much-needed boost to competition in Singapore’s public cloud market, giving FIs a greater range of choices in technology mix and cloud providers than ever before.”
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Forrester Research
Forrester report: Digital banks gain the edge on traditional players
Digital-only banks and insurers will shape the future of financial services within Asia Pacific, according to new data released by Forrester this week.
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Fintech
Online lending marketplace Harmoney records first profit of $7.2m
This is in comparison to the four-year-old company’s $1.8 million loss last year.
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Cybersecurity
Wandera reports on the state of mobile security in financial services
“In the financial services industry, as in many sectors, the security of client information is the most important asset."
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Cloud
Equinix puts US$77m into expanding data centres in Hong Kong
“Hong Kong is a key gateway to mainland China and home to many headquarters of global corporations. This generates substantial demand for secure data center services to support business expansion in the region."
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Artificial Intelligence
Hitachi and Virtusa look to advance AI in financial services
"Financial services companies need to implement emerging technologies like AI to stay competitive, identify new clients, and serve new markets."
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Hybrid Cloud
Why the financial services industry is rapidly embracing hybrid cloud
Like other industries, the financial services sector cites security and compliance as the top factor in deciding where to run its workloads.
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Public Cloud
46% of financial organisations operating traditional data centres
Much has been said of its future prominence, but in no other industry is hybrid IT more prevalent now than in the financial services industry.
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Financial services organisations
573 days: Financial sector slow to fix vulnerabilities
Financial services companies took 29 days to address a quarter of their vulnerabilities in coding, and 573 days to remediate all open vulnerabilities.
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Firewall
APRA Prudential Standard CPS 234: How to communicate with the board
The Australian Prudential Regulation Authority’s standard, CPS 234, is aimed at minimising the threat of cyber attacks for APRA-regulated entities.
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Cloud
Interview: Hitachi Vantara talks challenges of compliance in financial services
Technology is advancing a lot quicker, and the incumbent banks need to be more up to speed but are held back by a lot of legacy systems.