Financial IT

Financial IT news, trends, analysis and practical advice

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emv chip and pin

Chip card payment confusion, anger rages on

Six months after U.S. retailers began assuming liability for debit and credit card fraud, only a fraction of the nation's in-store payment terminals can accept the highly secure chip-enabled cards.

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Hybrid GozNym malware targets customers of 24 financial institutions

A group of cybercriminals have combined two powerful malware programs to create a new online banking Trojan that has already stolen million dollars from customers of 24 U.S. and Canadian banks.

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5 things you should know about the blockchain

Talk of blockchain technology is everywhere, it seems, but what is it, and what does it do?

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Microsoft to offer blockchain to banks with new partnership

Microsoft has teamed up with a consortium of banks to help develop new methods for using blockchain -- the technology that underpins Bitcoin -- to support financial transactions.

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How SunEdison went from No. 1 to the edge of bankruptcy

SunEdison, the world's largest renewable energy producer, is facing bankruptcy. So how did a company that was healthy and solvent in 2014, end up with $11 billion in debt in 2016?

SunEdison solar power

World's largest renewable energy developer on verge of bankruptcy

In an SEC filing this week, a SunEdison subsidiary said it's parent company may have to file for bankruptcy because of excessive debt and overstated liquidity.

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Documents with malicious macros deliver fileless malware

A new spam campaign combines documents with malicious macros, encoded PowerShell scripts and fileless malware to compromise computers used for financial transactions, researchers from Palo Alto Networks found.

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Mizuho Bank eyes blockchain to speed international securities transactions

Japan's Mizuho Bank is considering using blockchain technology to speed the cross-border transfer of financial instruments.

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Can today’s IT shop satisfy business demands?

A look at key competencies for IT leaders and key actions to keep IT in line with business expectations

Glowing blue montage of hand keying in password at ATM

Turkish mastermind of $55M ATM fraud pleads guilty

A Turkish citizen who led an operation that hacked into the systems of credit and debit card processing companies between 2011 and 2013 has pleaded guilty in a court in New York, according to officials.

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Helping e-commerce with those pesky chargebacks

It has a far broader story, but even the simplest of use cases for Signifyd makes total sense.

Woman smiling putting money in pink piggy bank

Captain401 to make managing 401(k) accounts easy for anyone

The concept of a 401(k) is foreign to anyone outside of the U.S. For those in the States, however, 401(k) accounts are a constant cause for concern.

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Nasdaq to use blockchain to record shareholder votes

Later this year, Nasdaq plans to record stockholders' electronic votes on its own blockchain system for companies listed on its exchange in Estonia. By digitizing the entire process, it expects to speed and simplify the proxy voting...

healthcare apps virtual doctor visits

Forget cards and flowers; crowdfunding site helps pay medical bills

A financial services start-up has announced a crowdfunding service that allows hospitals to run campaigns for patients to help them pay medical bills of any kind.

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Iris scanning simplifies cash aid for Syrian refugees

The United Nations is using an iris-scanning biometric ID system to streamline the delivery of money to Syrian refugees in Jordan.

spying eye

IBM looks to tackle fraud with Iris Analytics buy

No, this isn't about using Watson AI systems to identify fraudsters by gazing deep into their eyes: IBM has acquired a German machine learning software firm called Iris Analytics to bolster its antifraud software.

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Bloomberg extends iPad Pro’s enterprise appeal

The company has unveiled the Bloomberg Professional app for use with the iPad Pro.

Citibank credit card with an EMV chip

Pressure increases on banks to adopt chip-and-PIN

The biggest financial institutions in the U.S. are under renewed pressure to mandate the use of PINs with new chip-based payment cards.

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