News & Features

Nationwide prepares for GDPR rules with centralised data management

Nationwide prepares for GDPR rules with centralised data management

In May 2018, the European Union’s General Data Protection Regulation (GDPR) will come into force, mandating that all data used within firms, including data used in testing, is anonymised and secure. The Nationwide Building Society has centralised its data management capabilities to meet the regulatory challenge, said Richard Jordan, testing services practice manager. As long… »

JPMorgan said to plan tripling size of New York technology hub

The firm is in discussions with Brookfield Property Partners LP to lease an additional 300,000 square feet on the upper levels of 5 Manhattan West near Hudson Yards, said the person, who asked not to be identified because the plans aren’t public. The bank currently occupies about 125,000 square feet in the building. The talks… »

R3 and ACORD create centre of excellence

R3, a consortium of more than 80 financial firms and regulators that have pooled resources to develop Blockchain technology, has partnered with the Association for Cooperative Operations Research and Development (ACORD) to create a virtual centre of excellence for distributed ledger technology in the insurance sector. The R3 consortium counts a number of insurance companies… »

Swift to start suspicious-payment alerts to help defend banks

The new service is part of a series of measures from the Society for Worldwide Interbank Financial Telecommunication to defend against cyberattacks that aim to fraudulently use banks’ connections to the messaging system. It will place a “red flag” on payment messages that appear risky and spot anomalies, provide real-time alerts and allow customers to put… »

It looks like JPMorgan is building a robo adviser

In the summer of 2016, JPMorgan Chase & Co. CEO Jamie Dimon said his firm could give clients a free, automated investment service as part of a future bundle of digital-banking products. Well, he just revealed the bank is following through on that promise and building one. “We are currently developing some exciting new products… »

Big banks poised to scoop up fintech startups, report finds

Almost 50 percent of financial services firms around the world plan to acquire fintech startups in the three to five years, according to a report Thursday by PricewaterhouseCoopers LLP. And eight out of 10 institutions foresee making strategic partnerships with peer-to-peer lenders, digital money transfer platforms, and myriad other firms that are reshaping the business… »

JPMorgan’s head of new technologies gets hired by LendingClub

Santiago Suarez will join the San Francisco-based company as Head of Strategy and Mergers and Acquisitions, he said on Twitter. He was previously JPMorgan’s head of new product development and emerging technologies, a group he co-founded and which has helped the biggest U.S. bank experiment with the digital ledger known as blockchain as well as… »

Buy side gains edge in bond trading by turning data on banks

His confidence comes from having analyzed more than 100,000 debt transactions made by Pictet Asset Management, the $165 billion investment firm he works for as global head of fixed-income trading. James used the data to create profiles of banks, helping his firm avoid dealers that are expensive or difficult to trade with and instead prioritize those that are… »

SQS consultancy makes deal with TestPlant to deliver testing solution

London-listed quality assurance consultancy SQS has entered an agreement with testing tool specialist TestPlant to make use of its eggPlant testing tool. Under the terms of the agreement SQS will have access to the full range of eggPlant tools, including its mobile cloud solution, as well as technical support from experts at TestPlant. Ralph Gillessen,… »

Square boosts global payments ambitions with U.K. Expansion

Though Square has already planted a flag in Canada, Japan and Australia, the U.K. represents its best opportunity to sign on new merchants and increase sales volume. The world’s fifth-largest economy has a high concentration of small and medium-sized businesses that are Square’s target customers. The U.K. has “always been an example of entrepreneurship and… »

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