October 9, 2013 - The European funds industry faces extra expenses totalling between $300 million and $500 million (approx EUR220 million to EUR365 million) per annum over the next three years to address new regulatory requirements, according to a study by BNY Mellon, the global leader in investment management and investment services, in association with EY.
October 9, 2013 - Real-time payments are expected to be universally available across financial services institutions within five years, reveals a recent survey by ACI Worldwide (ACIW).
October 7, 2013 - All the major UK banks are set to take part in a large business continuity cyber-threat exercise next month. Called Operation Waking Shark 2, it is being implemented by a consultancy under the aegis of the Financial Conduct Authority (FCA), Bank of England (BoE) and UK Treasury, with the intention of testing UK FI sector's ability to survive a sustained online assault from cyber-criminals.
October 4, 2013 - Software giant Adobe says hackers have hit its network, stealing the personal information, including encrypted payment card details, of 2.9 million customers.
October 4, 2013 - SWIFT, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, today signed a Memorandum of Understanding ("MoU") with Electronic Transactions Development Agency ("ETDA") of Thailand to promote the adoption and use of ISO 20022 among the financial industry in Thailand and ASEAN.
October 2, 2013 - Britain's financial institutions must put concrete plans in place over the next few months to deal with the growing threat of cyber-attacks, the Bank of England has warned.
October 1, 2013 - Visa, MasterCard and American Express want to overhaul global e-commerce security, ditching account numbers in favour of digital tokens for online and mobile transactions.
September 30, 2013 - The Depository Trust & Clearing Corporation (DTCC) has teamed up with a group of major global banks in a bid to develop a global service to collect and manage the client entity reference data necessary to meet regulatory requirements.
