News & Features

CISQ creates definitions for IT quality

The Consortium for IT Software Quality (CISQ) has announced new standards for measuring structural quality of software. The US industry body said these are quantitative criteria that can be used to evaluate the performance of an IT system according to four different measures: reliability, security, performance efficiency, and maintainability. The standards were created by compiling a »

Swift bets on cloud for ISO 20022 testing

ISO-22022

The clear priority for the 8,000 delegates at Sibos 2015 – held in Singapore last October  – was ISO 20022. That’s the standard that describes the metadata repository of descriptions for transactions messages for interbank and corporate treasury payments, securities and derivatives trades and — at some point in the future — retail payments. Although ISO »

SQS partners with TraderServe for MiFID algo testing

Eddie-Thorn-SQS

SQS, the London-listed software quality specialists, has partnered with trading software specialist TraderServe, to provide investment firms with a test service for compliance with sweeping new MiFID II rules regulating algorithmic trading. Although the deadline for the implementation of MifID II has been delayed for a year until the start of 2018, SQS and TraderServe »

Calypso says clients are buying its automated testing solution

Golden Gate Bridge

Calypso Technology said four of its clients, investment banks and hedge funds, have purchased its new Calypso Automated Testing Tool (CATT) with a further eight in the pipeline. The San Francisco-based firm became the first capital markets software vendor to offer an automated testing platform with a hard launch last November following a March 2015 announcement. »

“Get to grips with IT risk” say Irish, German central banks

Senior officials from both Central Bank of Ireland and the Deutsche Bundesbank have warned bank management teams that they must work harder to ensure they have the right culture in place to tackle IT risks. “We believe that there is significant weakness in this area and will be seeking change,” said Gerry Cross, the Irish central bank’s »

EU directive will force major financial firms to disclose cyber attacks

EU-commission

Among Europe’s largest banks, the long-established practice has been to keep breaches of cyber-security quiet – or as quiet as possible.  But a major change is in the pipeline:  European-wide legislation that will force firms to report cyber attacks to national incident teams. The European Commission has drafted a European Network and Infrastructure directive, which is now waiting »

Perfecto raises $35m to grow product range

Perfecto Mobile, The Boston-based provider of testing services for mobile app developers, has raised $35 million that it will use to expand its products and build out its sales staff. The investment comes from Technology Crossover Ventures along with existing Perfecto investors FTV Capital, Carmel Ventures, Globespan Capital Partners and Vertex Ventures. In particular, Perfecto »

Company and product news briefs

Larry Schmidlin, former vice president of technology at Wells Fargo, has joined Appvance, the California-based test automation specialist, as vice president of engineering. Schmidlin told QA Financial that his experience working on the buy side of software has made him aware of the efficiencies banks and other financial firms can achieve with automated testing. “These »

SEC’s audit trail repository ready for comment

It has been described as “the largest financial IT project of all time”. So perhaps it is not surprising that it has taken more than five years to narrow down the list of bidders who want to build the Consolidated Audit Trail (CAT) — the giant data repository for stock orders and quotes on US »

Consistent testing is key to revenues: Accenture survey

Financial firms expect their businesses and revenues will be more affected than others by challenges in digital technology over the next three years, according to an Accenture survey of 200 mid-to-large-sized European companies. “Digital”, in the context of the survey, released in November, covered developments in social media, mobile, analytics and cloud. The 46 financial »

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