Operational risk

222 articles tagged with this keyword

/Operational risk

Cryptoexchange assets locked after founder dies

Operators of Canada's biggest cryptoexchange are unable to access more than £100m in reserves after its founder died taking the passwords and recovery codes with him.

/Operational risk

Metro customers hit by text-targetting attack

Metro Bank has fallen victim to a new type of cyber fraud that targets the codes sent via text messages used to verify transactions.

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US shutdown impacts fintech market

The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.

/ai

AI, Big Tech and the cloud will damage the banking industry if not embraced - Citibank

Citibank’s global head of bank research Ronit Ghose kicked off this year’s EMEA Media Summit by highlighting how artificial intelligence, Big Tech and core banking systems on the cloud will disrupt financial services.

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Danish watchdog could face EU inquiry over Danske Bank scandal

Denmark's Financial Services Authority (FSA) is bracing itself for a formal enquiry from the European Banking Authority over the money laundering scandal at Danske bank that was reported last week.

/Operational risk

Tesco Bank facing £30m fine over cyber breach

The UK's banking watchdog is threatening to charge Tesco Bank £30m for its failure to prevent a cyber attacks that affected thousands of customers in 2016.

/Operational risk

Revolut looks to mitigate Brexit with Lux licence

London-based digital payments company Revolut is applying for a licence in Luxembourg in order to mitigate any fallout from Brexit.

/Operational risk

Outage fever strikes UK banks

A spate of online banking glitches has hit the UK's leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.

/Operational risk

Financial Services Seizing the Opportunity in New York

Innovation in Payments, Technology and Cyber Risk Management were all key topics at the Swift Business Forum New York 2018. 600 financial services professionals and industry experts recently gathered in the Big Apple to discuss the opportunities that innovation and collaboration provide.

/Operational risk

Danske Bank boss quits over money laundering scandal

The CEO of Danske Bank, Thomas Borgen, is to step down following allegations that the Danish bank laundered billions of mostly Russian cash through its Estonian branch.

/Operational risk

Australian central bank assures public after outage

Full service has resumed at the Reserve Bank of Australia (RBA) after it suffered a power outage on Thursday.

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Traders under the #MeToo spotlight

Banks are increasingly turning to monitoring software in order to eradicate inappropriate behaviour on the trading floor.

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UK government launches coding school

The UK government has launched a new body for training prospective coders in order to address an increasing digital skills gap.

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Trainee trader sues UK broker for £10m over trading platform mix-up

A French day trader is suing UK broker Valbury Capital after it voided the €10m profit he had accrued using what he thought was a demo version of its trading software but which turned out be a live account.

/Operational risk

Bank of Ireland hit by debit card failure

Customers of the bank of Ireland were hit with a debit card glitch on Thursday that left them unable to withdraw money or pay for goods.

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Collaboration in financial services is key in Latin America

Swift's Latin American Regional Conference in Miami had a clear focus on how new market entrants and developing technologies are dramatically changing the financial landscape in the region.

/Operational risk

Ripple exec says DLT not ready for banks...yet

A lack of scalability and privacy issues are preventing banks from using distributed ledger technology (DLT) to process cross-border payments, says a senior executive at one of the most prominent startups in the DLT space.

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Live: Swift Latin American Regional Conference - day two

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2018, in Miami. This event will focus on important issues affecting the financial industry in the region, and how the financial community can seize the opportunities that are emerging.

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Live: Swift Latin American Regional Conference - day one

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2018, in Miami. This event will focus on important issues affecting the financial industry in the region, and how the financial community can seize the opportunities that are emerging.

/Operational risk

Challenger bank gives up licence to focus on IT platform

A UK challenger bank aimed at the SME business sector has opted to give up its banking licence in order to spend more time developing its IT infrastructure prior to its launch.