Network/systems management

123 articles tagged with this keyword

/Sibos

Sibos: Financial institutions are “nowhere near” 2027 G20 targets

Alan Marquard, executive vice president, applications at Mastercard commented on their current progress towards 2027 goals as reported by FSB in their second annual assessment in a session on G20 targets at Sibos in Beijing: “we're four years in the journey to 2027, and we're nowhere near there. I find that completely unsurprising. The metrics were set up as quantitative metrics, but set at a global level without clarity on who was responsible for achieving them.”

/security

Banks and payments hit as faulty CrowdStrike update causes global Microsoft outage

Banks and card payment systems are among the victims of the worldwide tech outage on Microsoft platforms.

/retail

Santander accidentally sends customers £130m

According to The Telegraph, Santander is attempting to claw back from its competitors a sum of £130 million, which was erroneously sent to 75,000 accounts on Christmas day, as the result of a payments duplication.

/regulation

FCA selects Aiimi’s Insight Engine for three year contract

Following an extensive evaluation and Alpha testing phase, the FCA has selected UK data firm Aiimi’s Insight Engine to improve the regulator’s data analytics.

/payments

IOTA tapped by EU to enable region’s blockchain infrastructure

The IOTA non-profit and its distributed ledger technology has been named as one of seven providers selected by the Commission to develop the European Blockchain Services Infrastructure (ESBI).

/cloud

Barclays, HSBC, Lloyds and others hit by major DNS outage

Late Thursday afternoon Akamai reported a problem with its Edge DNS service, resulting in outages at thousands of websites.

/security

UBS CEO: Innovation is not 2020’s trend, it's here to stay

Speaking at Singapore Fintech Festival, UBS CEO Ralph Hamers makes the case that while innovation and collaboration have not traditionally been the norm for financial institutions, the need to build symbiotic relationships with fintech is essential, particularly in the context of cybersecurity in a post-Covid-19, highly digitised world.

/cloud

Personalisation and customisation with data in the banking and payments industry

As customers increasingly experience more consistent, personalised treatment from companies across a wide variety of industries, it is natural for them to expect—and require—the same of financial services providers.

/payments

From hypotheticals to reality: P27 cogs are well and truly turning

Regulatory, technical, logistic, connectivity, and political challenges aren’t enough to slow the progress of P27. During their latest NextGen Nordics webinar by Finextra, industry players from across the European payments landscape joined to discuss the key factors impacting the project at present.

/payments

Capitalising on Eurosystem changes to bolster instant payments

The benefits of implementing a cohesive instant payments system are manifold and well documented. As evidenced by the incoming European Single Market Infrastructure Gateway (ESMIG) and the need to integrate interoperable systems across Europe, the ability to access infrastructure that facilitates instant payments is vital.

/cloud

Using governance to accelerate cloud migration in financial services

Financial institutions have the opportunity to enhance traditional governance processes by building a well-structured cloud service assessment from the ground up, to help demonstrate regulatory compliance when moving to the cloud.

/payments

Will SCA delays stall Request to Pay’s momentum?

Request to Pay (R2P) services originally scheduled to launch later this year have been expected to play a major part in transforming the UK and EU’s payments ecosystem.

/sustainable

Antony Jenkins on sustainability: ‘You can’t please everyone’

In conversation with Finextra TV, Antony Jenkins, founder and executive chairman of 10x Future Technologies and former Barclays CEO, highlights that the single most important factor in the push toward sustainability is transparency.

/markets

Beeks Financial Cloud buys Velocimetrics

Beeks Financial Cloud Group has acquired network monitoring and trade analytics software firm Velocimetrics for a base consideration of £1.3 million in cash and equity, plus contingent earn-out.

/payments

Size does matter for banks tackling ISO 20022 migration

With a new migration date set for November 2022, Swift’s community must be prepared to adopt the data-rich ISO 20022 for cross border payments in under 24 months. The deadline delay proves just how challenging this project has been for financial institutions across the payments landscape.

/payments

Swift gpi transferred $77 trillion in 2019

Almost doubling the $40 trillion transferred in 2018, Swift’s transmission of $77 trillion in cross-border payments messages over the gpi platform during 2019 implies that demand for the programme is becoming entrenched in the bank-to-bank space.

/sustainable

Disclosing sustainability does not guarantee sustainability

81% of banks are disclosing information on progressive climate-related public policy. According to a report by Boston Common Asset Management, this is a slight increase from 71% in 2018.

/Network/systems management

Swift Operations Forum Europe 2019, Amsterdam - Day 2 report

With the accelerating pace of transformation in financial services, day two of SOFE 2019 explored the direction of travel financial institutions should embark on in order to thrive in this new world.

/Network/systems management

Plum raises another $3m and launches on Android

Closing a second round of funding with a $3 million investment, AI powered smart savings app Plum now boasts a total lifetime investment of $9.3 million.

/Network/systems management

The CIO’s blueprint for streamlining digital business agreements

80% of financial institutions will become irrelevant by 2030 due to their inability to compete with digitally-savvy rivals, according to research by Gartner.