From 2018, European legislation will impose hefty fines on banks that do not protect customer data. Nationwide Building Society (offices pictured) has centralised its data management to minimise exposure to breaches, says Richard Jordan, Test Service Practice manager.
Siam Commercial Bank Pcl, Thailand’s oldest homegrown lender, plans to reinvent its mobile digital payment platform as a lifestyle app to help fend off competition from upstart financial technology providers.
JPMorgan Chase & Co., the biggest U.S. lender, is planning to more than triple the size of its technology hub in New York City to increase space for the bank’s coders and data engineers, a person with knowledge of the matter said.
Swift, the interbank messaging system that hackers used to steal $81 million from Bangladesh last year, is developing a payment-screening service that will allow small member banks to automate the flagging of suspicious payments.
The content of this website is protected by the copyright laws of England and Wales and by international laws and conventions. No content from this website may be copied, reproduced or revised without the prior written consent of QA Media Ltd. Copies of content may be saved and/or printed for personal use only.