Deutsche Bank officials have opened an innovation lab in New York City that they say is their fourth globally, and will be focused on several IT areas including artificial intelligence (AI), cloud technology and cybersecurity. The lab is located in Lower Manhattan’s Fulton Center and will enable the bank to “access a leading innovation ecosystem… Read More >>
New York State Readies Groundbreaking Cybersecurity Regulation
The New York State Department of Financial Services (DFS) is moving to finalize its cybersecurity regulation, which will compel banks, other financial services firms and insurance companies — overseen by the DFS — to set up and maintain a cybersecurity program to protect clients and to improve the safety of the state’s financial services industry…. Read More >>
Hackers Still Targeting SWIFT Customers
Apparently, some customers of the SWIFT cooperative for financial messaging and related systems have been enduring an onslaught of cyber-attacks, even throughout the end of 2016 and after SWIFT began pushing to make cyber protections mandatory. A SWIFT public relations representative confirmed last week that a letter was sent to customers in early November, a… Read More >>
S&P Global to Sell QuantHouse
S&P Says a QuantHouse Founder Is the Buyer S&P Global has entered into a definitive agreement to sell Quant House SAS (QuantHouse) to a company owned by Pierre Feligioni, one of QuantHouse’s original founders, according to S&P Global officials, who decline to disclose terms of the transaction were not disclosed. QuantHouse offers trading solutions such… Read More >>
Cordium Appoints New Head of Cybersecurity
Cordium Hires from Mizhuo Bank Cordium, a provider of governance, risk and compliance services to financial and professional services firms, has appointed Richard Hudson vice president of its cybersecurity and data protection consulting services. Hudson joins from Mizuho Bank, where he was the information security officer for 17 years, managing the information security program for… Read More >>
Cloud Computing Gets a Second Chance
Cloud computing is hitting paydirt among buy- and sell-side firms in capital markets as firms face increasing cost pressures, compelling them to rethink the unthinkable. The cloud has been rapidly gaining ground over the last year to 18 months, according to research and advisory firm Celent, a division of Oliver Wyman, in its new report,… Read More >>
SEC to Explore DLT at Nov. 14 Fintech Forum
Second SEC Panel Focuses on Clearing and Settlement SEC officials and industry participants will explore distributed ledger technology (DLT) and other IT innovations impacting trading, settlement and clearing via a panel session during the regulator’s Fintech Forum, slated for Nov. 14, at the SEC’s headquarters in Washington, D.C. The forum, which is open to the… Read More >>
New OCC Group to Push FinTech Innovation
The Office of the Comptroller of the Currency (OCC) quietly let it be known that it is creating an office “dedicated to responsible innovation” that will build a formal framework to help the agency “identify, understand, and respond” to the growing number of FinTech changes impacting the federal banking system. Citing the exponential growth of… Read More >>
SWIFT Customers Under New Cyber-Attack
The customers of the SWIFT cooperative for financial messaging and related systems are facing a new set of cyber-attacks, a month after SWIFT unveiled an effort to make cyber protections mandatory. The new attack upon SWIFT clients was discovered by anti-virus/anti-malware vendor Symantec, which is identifying the culprit as the “Odinaff group,” which while challenging… Read More >>
SWIFT Pushes Mandatory Cyber-Security at SIBOS
Financial messaging and systems cooperative SWIFT underscored its commitment to cyber-security protections at its SIBOS conference in Geneva last week with a set of core security standards and an associated assurance framework that the cooperative is making mandatory for all customers. Throughout this year, SWIFT officials have been grappling with a series of cyber-attacks among… Read More >>
