Financial Services IT

Financial IT news, trends, analysis and practical advice

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How to select ERP for the services industries

ERP for manufacturers, an ERP suite for service industries needs to be focused on managing projects not products, according to a report from Technology Evaluation Centers. Download this free buyer’s guide to get in-depth analysis of...

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Malware attacks on two banks have links with 2014 Sony Pictures hack

Bangalore Bank, a commercial bank in Vietnam and ... Sony Pictures are the unlikely bedfellows in a tale of cyber intrigue uncovered by security researchers at BAE Systems.

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SWIFT warns of malware attack on another customer

Financial transaction network SWIFT has renewed its warning to customers to be on their guard following the discovery of malware at another bank using its services.

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Lawmakers probe large data breaches at FDIC

The personal banking information of about 160,000 U.S. residents walked out the door of the Federal Deposit Insurance Corporation on removable media of employees departing in recent months.

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Bangladesh central bank hack may be an insider job, says FBI

The FBI has found evidence that at least one employee of Bangladesh’s central bank was involved in the theft of $81 million from the bank through a complex hack, according to a newspaper report.

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ZipBooks wants to shake up the accounting software market by helping customers collect cash

A zero-sum game? Not so much. ZipBooks believes it has something fresh to offer the SMB accounting software space.

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Update: Craig Wright claims he is bitcoin inventor Satoshi Nakamoto

Australian entrepreneur Craig Wright is bitcoin creator Satoshi Nakamoto, he has claimed on his personal blog and in media interviews.

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SWIFT banking network warns customers of cyberfraud cases

SWIFT, the international banking transactions network, has warned customers of "a number" of recent cyber incidents that criminals used to send fraudulent messages through its system, according to a news report.

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SunEdison, world’s largest renewable energy firm, files for bankruptcy

SunEdison, one of the oldest photovoltaic manufacturers and installers, today filed for Chapter 11 bankruptcy protection after a binge of acquisitions left it with massive debt.

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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?

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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.

Project Management Skills

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

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