May 8, 2014 - Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces the publication of its new paper "Restoring Profitability in the Digital Age", written jointly with Deloitte. The paper, which is an update to "Bridging the Profitability Gap", takes a fresh look at the banking industry and the trend in profitability.
May 8, 2014 - Check Point has issued its 2014 Security Report, its second annual report uncovering the major security events that occurred and impacted organisations across the world in 2013. Of 150 major financial organisations worldwide, 88% had a data loss incident in 2013, up from 61% in 2012. But despite the numerous high-profile credit card breaches that took place in 2013, Check Point's research found that PCI data loss events in financial organisations slightly reduced to 33%, compared with 36% in 2012.
May 6, 2014 - The U.S. roadmap for the deployment of EMV has existed since 2012, providing the payment industry with plenty of time to prepare for the transition from magnetic-stripe cards to smart cards.
May 2, 2014 - Banks are increasingly looking to distribute trade assets to global investors as regulatory reform focusing on leverage and liquidity ratios forces lenders to optimize balance sheet management and strategy.
May 1, 2014 - The Securities and Exchange Commission today announced an enforcement action against the New York Stock Exchange and two affiliated exchanges for their failure to comply with the responsibilities of self-regulatory organizations (SROs) to conduct their business operations in accordance with Commission-approved exchange rules and the federal securities laws.
April 29, 2014 - Swift continues to build up its compliance unit through the launch of a business intelligence tool that lets banks comb through their own Swift traffic data in search of financial crime risks.
April 29, 2014 - Target has hired industry veteran Bob DeRodes to overhaul its security efforts in the wake of its recent massive data breach. The retail giant has also outlined plans to incorporate MasterCard chip and PIN technology across its card portfolio.
April 28, 2014 - As the technology infrastructure relied upon by financial services firms to carry out their day-to-day operations becomes increasingly complex, a survey* undertaken by SunGard Consulting Services has revealed concerns that the testing of these systems is insufficient to protect against failure.
