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 »

3i, Barclays and Worldpay praised in Deloitte report on cyber risk

Only 5% of FTSE boards appears to have a director with specialist expertise in cyber risk, despite the fact that 87% of FTSE companies’ annual reports pulled out one or more elements of cyber risk as principal risks in their disclosures, according a report published by consultants Deloitte. The findings, based on a study of »

Symantec to Buy LifeLock for $2.3 Billion to Add ID Security

The offer for LifeLock values its shares at $24 apiece, according to a Business Wire statement. The offer is 16 percent above Friday’s closing price. The Tempe, Arizona-based company was pursued by bidders including private equity firms Permira, TPG and Evergreen Coast Capital, the new buyout arm of hedge fund Elliott Management, according to people familiar with the matter, »

U.S. Banks Face New Demands to Guard Themselves From Hackers

Banking agencies released a proposal Wednesday for rules that would require lenders — and the outside firms that serve them — to better safeguard themselves and their customers. Banks with more than $50 billion in assets and other systemically significant firms would have to establish board-approved protections that make them more aware of what’s happening »

U.K. Software Security Company NCC Plunges on Contract Losses

Shares were down 34 percent to 227p at 09:33 a.m. in London trading. “Adverse developments in the Assurance Division will have an impact on profitability between the first and second half of the year,” the company said in a statement, cautioning that it is too early to quantify the financial impact. NCC was formed in »

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