financial services

Perfecto appoints investor Jim Moran, to executive chairman role

Perfecto said Moran’s focus will be to accelerate the company’s growth in quality assurance services. Moran was previously the managing director at North Bridge Venture, a venture capital firm, and Growth Equity Partners, an independent private equity company which invests in growing UK SMEs. Moran supervised investments in early-stage companies, including Paydiant, the cloud-based financial »

HCL Technologies buys Datawave, UK-based data management platform

HCL Technologies, the multinational IT services company based in India, has acquired UK-based data management platform, Datawave, for around £7 million, it said. Datawave, formerly known as ETL Factory, enables users to execute large-scale and complex data-integration and data-migration projects by creating a data automation platform. Anand Birje, vice president and head of digital and »

Hackers breach 400,000 UniCredit bank accounts for data

The attack occurred in September and October of 2016 and June and July of this year, according to an emailed statement from the bank on Wednesday. UniCredit only discovered the breaches this week, two people familiar with the matter said, asking not to be identified discussing a possible criminal matter. Cyberattacks on corporations and banks »

Misys moves to platform-as-a-service strategy

Trading and risk systems vendor Misys has announced a Platform-as-a-Service (PaaS) strategy, which will see the company open up a new service platform called FusionFabric.cloud. This will open up Misys’s core systems to third parties to drive innovation and collaboration across financial services, the firm says. “FusionFabric.cloud is the future of financial services software,” said Robin Cr... »

SAP’s new platform is coming — at a price

  From 2025 SAP will no longer support any other enterprise resource management platform than its latest, 2015, release: S/4 HANA. Migration from legacy SAP platforms may be costly and time-consuming, but financial firms that are SAP customers should start planning now, especially because S/4 HANA — while it will be faster — will be »