UK’s Financial Conduct Authority extends partnership with Cognizant

Technology consultancy renews 2011 contract with regulator to improve quality assurance and software development process. New deal to include increased automation

StanChart Says Almost `Over Hump’ on Costly Compliance Upgrades

Standard Chartered Plc said it has almost completed costly technology upgrades required to cope with stricter banking regulations worldwide, freeing it up to focus more on revenue-generating products like digital banking.

PSD2 creates a cyber risk headache for banks

Temenos report reveals that banks are are concerned that European legislation on payments will increase their vulnerability to cyber threat vulnerabilities.

Cognizant partners with FSCS to provide technology services

IT service provider signs three-year contract with the Financial Services Compensation Scheme to deliver efficiencies and improve customer experience.

U.S. agency invites fintech firms into special bank charter

Financial-technology firms in the U.S. will be permitted to apply for special bank charters under a regulatory policy change that Republican lawmakers have already warned against.

Divisive `Bitcoin Unlimited’ solution crashes after bug exploit

A controversial plan to fix bitcoin’s network congestion suffered a setback after attackers used a newly-discovered bug to crash the software.

SocGen taps Amazon, Microsoft for cloud as banks target costs

The Paris-based bank is working with Microsoft Corp. and Amazon.com Inc. to become one of the first large European banks to adopt cloud computing for the bulk of its operations.

Vista to buy DH Corp to combine with financial tech firm Misys

Vista Equity Partners LLC agreed to buy Canadian financial services provider DH Corp. for C$25.50 a share in cash.