158 articles tagged with this keyword
News/Disaster recovery
US-based CheckFree's online bill payment service ground to a halt Wednesday following a power outage at the vendor's data centre in Georgia.
16 June 2005
A six-month investigation by the Financial Services Technology Consortium has documented over 100 business continuity regulations, standards and guidelines affecting US financial institutions.
15 June 2005
The Financial Services Sector Coordinating Council has issued a paper identifying critical issues for industry participants to address in preparing the US financial system for potential disruption caused by acts of terrorism, natural disasters or cyber attacks.
06 April 2005
Germany's Commerzbank has signed a multi-million dollar contract with IBM for the supply of storage servers and software which it will use to consolidate and streamline its existing data archiving and disaster recovery infrastructure.
01 April 2005
The Australian Bankers' Assocation says New Zealand central bank reforms aimed at limiting IT offshoring by the country's biggest banks could cost the industry up to A$300 million in lost efficiencies.
Italian banking group Monte dei Paschi di Siena (MPS) is using high-speed optical networking technology from Cisco Systems to improve interconnectivity and underpin business continuity between regional data centres.
10 January 2005
Westpac Bank is to resubmit proposals to shift its mainframe processing in New Zealand to Australia after capitulating to the NZ Reserve Bank's demands for local incorporation.
16 December 2004
German bank WestLB has implemented Gissing Software's ConteX Multi Contribution System (MCS) which it is using to send real-time price contributions to third party data vendors and internal departments.
06 December 2004
SunGard Availability Services has signed a deifinitive agreement to acquire Inflow, a Denver-based provider of application hosting and business continuity services. Financial terms of the deal were not disclosed.
18 November 2004
Yet another financial services firm in Canada has suffered systems failure, this time Bank of Nova Scotia customers were unable to conduct electronic transactions after the bank's main computer system malfunctioned.
11 November 2004
South Africa's Johannesburg Securities Exchange (JSE) was forced to suspend trading on its equities market yesterday following problems with its hosted Sets trading system and Infowitz data delivery application, which are provided by the London Stock Exchange.
10 November 2004
Market entities representing approximately 96% of US futures trading volume participated in the first industry-wide disaster recovery tests earlier this month.
02 November 2004
The US Government Accountability Office has ripped into the Securities and Exchange Commission and top trading firms for failing to adequately protect their operations from risk of disruption by terrorist attacks or other disasters.
29 October 2004
Reuters is struggling to restore services for customers after a power outage at one of its data centres in London knocked out critical pricing and datafeed systems before close of business yesterday.
13 October 2004
SunGard is to spin off its availability services business into a separate publicly traded company through a tax-free distribution of shares, which is expected to be completed in the first quarter of 2005.
04 October 2004
Sun Microsystems has unveiled a raft of initiatives for financial services companies as it bids to reverse its declining influence on Wall Street and address the threat posed by lower-cost servers and the burgeoning open source movement.
21 September 2004
Canadian financial services group Desjardins has joined the growing list of banks in the country experiencing computer problems, after ATMs belonging to its Montreal-based Mouvement Desjardins credt union subsidiary were hit by system outages.
16 September 2004
Canada's Scotia Capital is deploying a voice trading system supplied by BT across its 250-position Toronto trading floor and across 100 positions at its remote business continuity planning (BCP) centre located outside the city.
13 September 2004
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