banks

World Quality Report shows IT spending on QA falling, TCoEs in decline

World Quality Report shows IT spending on QA falling, TCoEs in decline

After years of steady growth, the proportion of IT budgets spent on quality assurance has fallen from 31% to 26% over the past year, according to the annual survey of QA trends produced by consultancy Capgemini. Spending on IT hardware has meanwhile risen. The other key finding of the survey, which compiled responses from 1,660 »

Equifax’s Historic Hack May Have Exposed Almost Half of U.S.

Equifax’s Historic Hack May Have Exposed Almost Half of U.S.

Hackers exploited a website application to access names, addresses, Social Security numbers and some driver’s license numbers of potentially 143 million consumers, Equifax said Thursday in a statement. The incident — which drove down shares in after-hours trading — is a stark reminder of the risk of consumers’ personal data being exposed online, security experts »

Banks Look to Step Up Employee Surveillance After Latest Scandal

Banks Look to Step Up Employee Surveillance After Latest Scandal

Lenders asked International Business Machines Corp. if it were possible to use the technology to also watch retail-banking salespeople, loan officers and other workers, according to Marc Andrews, a manager on the company’s Watson financial services team. Several of the biggest U.S. banks, as well as some regional banks, are testing the software, Andrews said. »

Announcing the QA Financial European Software and App Awards for 2017

Announcing the QA Financial European Software and App Awards for 2017

We are delighted to announce the winners of our 2017 European Software and App Awards. In each case, they have demonstrated innovation and excellence in response to the key challenges facing financial firms: increasing competition, increasing regulation and the increasing complexity and scale of technology requirements. THE WINNERS (Click for links to articles) Overall winner: »

JP Morgan marshals an army of developers to automate high finance

The program, called COIN, for Contract Intelligence, does the mind-numbing job of interpreting commercial-loan agreements that, until the project went online in June, consumed 360,000 hours of lawyers’ time annually. The software reviews documents in seconds, is less error-prone and never asks for vacation. While the financial industry has long touted its technological innovations, a »

Banks Turn to Mind Reading to Source Top Tech Graduates

At career fairs and on university campuses as part of its graduate hiring scheme, Royal Bank of Scotland Group Plc has been attaching sensors to the heads of potential candidates, to measure brain activity and attention spans. Students are played a series of images and videos for a few minutes while being monitored. Depending on how »

Apple Gets Win Against Australia Banks Over Mobile Payments

Apple Gets Win Against Australia Banks Over Mobile Payments

The Australian Competition and Consumer Commission said on Tuesday in a draft ruling it was “not satisfied” that the likely benefits from allowing the banks to negotiate with Apple as a bloc outweighed the negatives. Allowing collective negotiations “could reduce competition between the banks in the supply of mobile payment services for iPhones,” the regulator »

Maxing out on mobile performance

Maxing out on mobile performance

Which of these two tasks is more likely to exceed the limits of your smartphone: checking your account balance on the HSBC app, or playing Angry Birds 2? GameBench makes it easy to discover the answer with just five minutes of testing on each application, and the results are surprising. App vs. Game Comparing a »