October 10, 2013 - The UK government is setting up a utilities-style payments regulator in a bid to make it easier and cheaper for new entrants to take on the high street banks.
October 10, 2013 - Wolters Kluwer Financial Services announced today that it can help financial institutions meet the Comprehensive Capital Analysis and Review and Dodd-Frank Act Stress Testing reporting requirements that are effective Jan. 5, 2014. In preparation for the CCAR and DFAST requirements, many bank executives find their time dominated by difficult data compilation, disparate calculation processes, and manual report generation and submissions.
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 9, 2013 - Merchants want online shopping to be easy, safe and reliable for their customers, while also mitigating the risks and costs associated with storing, processing and transmitting online payment data.
October 9, 2013 - Sapient Global Markets, a division of Sapient (NASDAQ: SAPE), today announced a new solution to help companies meet the new requirements of the U.S. Foreign Account Tax Compliance Act (FATCA). Designed to help firms consolidate and streamline the labor-intensive back-office identification and reporting activities now required of U.S.
October 9, 2013 - The Federal Financial Institutions Examination Council (FFIEC) has warned that plans by Microsoft to discontinue support for the XP operating system pose operational risks for banks that still use it.
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.