IT Risk & Security

Vendor risk management provider of the year — CAST

New York-based, but founded by Frenchman Vincent Delaroche and quoted on the Euronext Exchange in Paris, CAST has established itself as the leader in the field of benchmarking the quality of software code. Around 10% of financial firms are using some sort of standard for benchmarking the quality of their code, reckons Lev Lesokhin, marketing »

Crowd testing provider of the year — Applause

Crowd testing provider of the year — Applause

Applause, the Boston-based firm that specialises in crowd testing, teamed up with Santander to develop a mobile app for the Spanish market that will be fit for purpose in a new era of open banking. The success of Applause is based on the expertise of the many manual testers that it brings to the table »

Mobile testing provider of the year — Perfecto

How quickly can a bank test its app on hundreds of combinations of devices and operating systems?  Perfecto, a provider of cloud-based mobile testing environments, offers a solution for a highly fragmented market. Bank customers are unforgiving when it comes to mobile apps. Bugs mean lost market share. But every new phone release — indeed »

Regulatory testing project of the year — HCL and Deutsche Bank

Regulatory testing project of the year — HCL and Deutsche Bank

European banks have to implement FATCA tax rules for each national market in which they operate. So Deutsche Bank’s FATCA compliance app was necessarily going to be a sophisticated build. In partnership with HCL, Deutsche designed a pioneering DevOps solution. Compliance is increasingly driving software development and testing, and the complexity for software developers arises »

Software vendor platform of the year — Calypso Technology’s CATT

The San Francisco-based trading and risk systems became the first capital markets software vendor to offer an automated testing platform for its product. Standard Bank of South Africa was the first major customer. Testing software and apps has become progressively more difficult and time-consuming for banks. Aside from the growing number of legacy systems that »

DevOps advisory provider of the year — Tata Consultancy Services

ING is recognised as a leader in Agile and DevOps delivery among European banks. The partnership of ING’s Belgian subsidiary with Tata Consultancy Services (TCS) has been an important part of its success in its move toward continuous app delivery. Netherlands-based ING started its transition to full automation of software development two years ago, driven »

Nasdaq stocks show wild swings; exchange cites third parties

The prices were distributed by third-party data providers after Wall Street closed early for the July 4 break. The exchange operator was conducting a test of its pricing data feed that led to some providers, including Google Inc. and Bloomberg LP, the parent of Bloomberg News, showing exaggerated moves in shares such as Apple Inc. »

Cyberattack continues to clog up port systems, major networks

A.P. Moller-Maersk A/S shut down systems across its operations to contain the cyberattack against its computer network, as it assesses the full impact. BNP Paribas SA’s non-banking Real Estate unit was also hit, while a number of WPP Plc companies continue to be affected by the cyberattack, Chief Executive Officer Martin Sorrell and John Seifert, »

Cyber attacks sends online-security ETF surging as FireEye gains

Cyber attacks sends online-security ETF surging as FireEye gains

After a wave of global online attacks over the weekend, companies such as FireEye Inc. that provide software security services gained Monday on speculation the exposed weaknesses may trigger a surge in security spending. The $967 million PureFunds ISE Cyber Security ETF, or HACK, jumped the most in six months. The malware unleashed late last »

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 »

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