160 articles tagged with this keyword
News/Disaster recovery
The Monetary Authority of Singapore (MAS) has strongly criticised DBS and IBM over last month's seven-hour system-wide outage, ordering the bank to redesign its online and branch technology and reduce its reliance on Big Blue.
05 August 2010
An IBM employee has been fingered as the culprit behind a seven-hour system-wide outage that knocked out all consumer and business banking services and ATM and POS transactions at Singapore's DBS Bank on Monday.
14 July 2010
Nationwide has teamed with IT firm Unisys to virtualise 500 servers at its data centre in a project expected to save the UK building society over £8 million.
03 February 2010
Visa has opened a global data centre in the United States and partnered IBM to develop a new operating system to underpin its VisaNet transaction processing network.
16 November 2009
The severe storms that swept across the UK late Friday caused a power failure at a HBOS data centre in Yorkshire that knocked out the high street bank's cash machines, branches and online banking services.
Nomura Services India has inked a multi-year business continuity and resiliency services agreement with IBM.
26 August 2009
Connectivity problems forced the Tokyo Commodity Exchange (Tocom) to suspend all trading for over three hours today, just a month after a new technology platform developed by Nasdaq OMX went live.
12 May 2009
With the number of confirmed swine flu cases continuing to rise, a global benchmarking survey of financial institutions has revealed that, although over 70% of firms have a pandemic-specific business continuity programme in place, many may be dangerously out of date.
05 May 2009
The Financial Services Authority has called on UK financial services firm to assess their contingency plans in light of the recent outbreak of influenza in Mexico and subsequent alerts from the World Health Organisation.
01 May 2009
Thomson Reuters has inked a multi-million dollar investment management outsourcing support deal with Canada's Manulife Financial Corporation (MFC).
30 March 2009
IBM has won a $3.1 million contract with Religare Enterprises to build green data centres for the Indian financial services firm in a bid to cut annual power costs by over 30%.
04 February 2009
Korea's Kookmin Bank has selected IBM System z10 mainframe technology and DB2 servers as the foundation for a next-generation core banking application platform designed to consolidate all of the bank's different business units across the world.
15 January 2009
Pennsylvania-based Commerce Bank/Harrisburg has selected the Fiserv CBS product suite to modernise and transform its core banking system.
14 January 2009
Ivobank, the London-based online bank launched earlier this year, has signed a five year managed services contract with information and communication technology outsourcing specialist Pasporte.
18 November 2008
Just weeks into its phased launch, trading on MiFID-compliant equities trading facility Turquoise has been disrupted by technical glitches.
02 September 2008
HSBC Bank USA - the North American subsidiary of the British banking group - has been struggling to restore data and update account balances following technical problems with its core banking platform.
22 August 2008
UK software house Enigmatec Corporation has raised $14 million in its latest funding round, which it will use to establish a technology facility in Scotland and expand its international operations.
05 August 2008
Thailand's Thanachart Bank has inked a seven year, $60 million, information technology outsourcing services deal with IBM.
11 July 2008
Equity trading on Bursa Malaysia was down all day on Thursday, as the exchange suffered a "multi-hardware failure" of its core trading platform. It initially said it would be running again at 14:30 local time after switching to a back-up facility, but the exchange later announced that this would not be possible.
03 July 2008
Financial regulators are warning that potential risks to the interconnected global payment and settlement infrastructure are not taken into account in current disaster recovery and crisis management procedures.
04 June 2008
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