Financial Services IT

Financial IT news, trends, analysis and practical advice

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54% off Quicken Deluxe 2017 Personal Finance & Budgeting Software, Disk or Download - Deal Alert

Take control of your finances. Quicken imports your bank transactions safely and automatically, even from loan, investment & retirement accounts. It categorizes your transactions and puts them in one place. Use it to create a plan to...

Enterprise software

Survival strategies for a hyper-regulated economy

How software automation and mobile communication can ease the pain of regulatory compliance, improve enterprise performance and deliver new customer features.

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Capital One rides the cloud to tech company transformation

Capital One, one of the top 10 largest banks in the U.S. with $313 billion in total assets, wants to be a tech company that also is a top financial services provider.

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‘Distributed guessing’ attack lets hackers verify Visa card details

Add credit card fraud to the list of things that distributed processing can speed up.

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IBM will open the first of four new UK data centers next month

IBM is opening four new data centers in the U.K., despite some of the gloomy forecasts for the country's economy following its vote to leave the European Union.

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U.K. bank suspends online payments after fraud hits 20,000 accounts

The banking arm of U.K. supermarket chain Tesco has suspended online payments for its 136,000 checking account customers following a spate of fraud.

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Bankers plan to give Corda blockchain code to Hyperledger project

Corda, a distributed ledger platform developed by a finance industry consortium, will go open source next month when its developers donate the code to the Linux Foundation's Hyperledger Project.

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Banks turn to A.I. for improved customer service, competitive edge

Here's how Capital One, RBS and TD Bank use artificial intelligence to boost customer service and revenue.

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Second group of hackers found also targeting SWIFT users

A second hacking group is also trying to rob banks by exploiting the SWIFT money transfer system, following an $81 million heist in February that used a similar approach.

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Chip card lawsuit to move forward against Visa, Mastercard, others

A federal judge has ruled it is plausible that four national credit-card companies improperly conspired “in lockstep” to set a deadline of Oct. 1, 2015 for requiring retailers to upgrade their technology to accept embedded chip cards...

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Swift CEO details three more failed attacks on banking network

Banks stopped three new attempts to abuse the Swift financial transfer network this summer, its CEO Gottfried Leibbrandt said Monday, as he announced Swift's plan to impose tighter security controls on its customers.

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IT certifications report card: What are they worth now? Which ones pay off the most?

The first of a two-part series on IT certifications' multifaceted contribution to a prosperous, secure career in technology's busiest and most promising sectors and senior management in any enterprise.

swift security breaches

Swift hopes daily reporting will help stem payment fraud

Swift is introducing a new reporting system to help banks identify fraudulent payments made over its financial transfer network -- but the reports will arrive up to a day too late to stop them all.

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Bank of England wants next payment system to be blockchain-ready

The Bank of England wants to open its interbank settlement service to blockchain technologies as part of a major revamp of the system.

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SWIFT: More banks hacked; persistent, sophisticated threat is here to stay

SWIFT warned that more banks have been attacked, some losing money in the high-tech heists, and urged banks to tighten security since the persistent and sophisticated threat is here to stay.

Malware steals payment card data from PoS

Eddie Bauer is latest retailer to be hit by point-of-sale malware

Sportswear retailer Eddie Bauer informed customers that point-of-sale systems at its stores were hit by malware, enabling the theft of payment card information.

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How 3 fintech startups are shaking up security

Over the years, the financial industry has invested heavily in staff, processes and technology to improve security. But some startups are taking a more innovative approach.

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The last throes of the financial printing typesetter

Pronounced all but dead since the advent of SEC self-filing software solutions, their proprietary skill sets suitable only to an industry in decline, financial typesetters still working are bucking the odds. But for how much longer?

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