Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

US lawmakers to investigate Fed's cyber security

A US congressional committee is to investigate the Federal Reserve's cyber security practices, according to Reuters which recently reported that there have been more than 50 cyber breaches at the central bank between 2011 and 2015.

06 June 2016

News/Operational risk

Singapore regulator proposes fintech sandbox

The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing a regulatory sandbox for fintech startups and pilot schemes.

06 June 2016

News/Operational risk

Australian banks suffer ATM problems after cloud service outage

Millions of Australian banking customers were unable to access ATM and Eftpos services on Sunday after severe storms on the east coast caused widespread damage, including a major outage at a cloud computing service used by several banks.

06 June 2016

Company update/Operational risk

Wall Street Blockchain Alliance launches certification programme

The Wall Street Blockchain Alliance (WSBA), in partnership with Positrust LLC, an industry leading technology company, has announced the unveiling of the WSBA Certification Framework (WCF).

06 June 2016

Company update/Operational risk

ECS delivers Splunk operational intelligence

UK-based IT services firm ECS today announced that it delivered Splunk’s real-time Operational Intelligence solutions to four of the UK’s largest financial services firms and a top three British retailer.

30 March 2016

Company update/Operational risk

Basel Committee issues proposed revisions to the operational risk capital framework

The Basel Committee has today issued for consultation proposed revisions to the operational risk capital framework.

04 March 2016

Company update/Operational risk

DataArt appoints Cliff Moyce as global head of its financial practice

Global technology consulting firm DataArt has appointed the seasoned financial services and capital markets executive Cliff Moyce to head up its rapidly expanding financial practice.

12 January 2016

Company update/Operational risk

Investec Wealth & Investment goes live with Calastone Transfer Service

Calastone, the global funds transaction network, today announces that Investec Wealth & Investment, one of the UK’s largest private client wealth management firms, has gone live with Calastone’s recently launched Transfer Service.

24 November 2015

Company update/Operational risk

Investec opts for Euroclear UK & Ireland's automated fund service

Investec Wealth and Investment Ltd (‘IW&I’), a leading wealth manager with responsibility for in excess of £26 billion clients’ AUM, has adopted Euroclear UK & Ireland’s (EUI) automated settlement and custody service; CREST, for its UK investment fund flows.

29 October 2015

News/Operational risk

Markit to create Know-Your-Vendor data hub

Barclays, HSBC and Morgan Stanley are working with Markit on the creation of a cloud-based network for assessing and monitoring third party vendor risk.

14 October 2015

News/Operational risk

HSBC glitch leaves thousands of customers without salaries

An IT problem at HSBC has affected some 275,000 Bacs payments and left thousands of customers without their monthly salaries just before a bank holiday.

28 August 2015

News/Operational risk

SunGard apologises for BNY Mellon system glitch

SunGard has issued a public apology to custody bank BNY Mellon for the outage of its InvestOne accounting system used by the bank to price thousands of funds.

28 August 2015

News/Operational risk

SunGard system glitch causes havoc for BNY Mellon and US funds market

BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.

27 August 2015

News/Operational risk

Buy-side still reliant on manual process for complex derivatives - report

Almost half of asset managers are still reliant on costly manual processes to manage complex derivatives creating a dangerous level of operational risk according to a report from buy-side systems vendor SimCorp.

26 August 2015

Company update/Operational risk

Markit reveals FX trade confirmation service

Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced the launch of its FX trade confirmation service.

10 August 2015

News/Operational risk

Nasdaq and Nyse propose mutual back-up plan

Two rival exchanges, the New York Stock Exchange (Nyse) and Nasdaq OMX, are planning to provide back-up to each other's closing auctions in order to prevent a repeat of the outage that hit Nyse earlier this month.

23 July 2015

Company update/Operational risk

Quantifi gets upgrade

Quantifi, a specialist provider of analytics, trading and Risk Management solutions, today announced the release of Quantifi Version 13 (V13).

22 July 2015

Company update/Operational risk

Murex and Omgeo team up for post-trade offering

Murex, the leading provider of integrated trading, risk, collateral and processing solutions, announced today a strategic partnership with Omgeo, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC) and the global standard for institutional post-trade efficiency.

22 July 2015

Company update/Operational risk

SmartStream certified by Swift for corporate actions

SmartStream, the financial Transaction Lifecycle Management (TLM®) specialist, today announced that its TLM Corporate Actions solution has again been awarded SWIFT Certified Application status.

22 July 2015

Company update/Operational risk

Cybersecurity startup partners with PwC

PricewaterhouseCoopers (PwC) Switzerland and High-Tech Bridge have announced a joint business relationship to bring a new and innovative set of web application security services to their clients.

20 July 2015