outsourcing

Bank code quality is below par, according to CAST app data

Bank code quality is below par, according to CAST app data

 Software coding in the financial services industry is less secure than in other industries, and also ranks lower on other benchmarks for structural quality, according to a database gathered by CAST Software, the New York-based software vendor, from its client firms. In total, the results from 1.3 billion lines of code are in the CAST »

Infosys, Wipro Leaders Warn of Challenging Times for Indian IT

Infosys, Wipro Leaders Warn of Challenging Times for Indian IT

The leaders of two of India’s largest technology services companies, Infosys Ltd. and Wipro Ltd., have warned employees that their industry faces a grave threat from rising political and economic conflict around the world. Employees need to innovate and bring out their best to survive, Infosys Chief Executive Officer Vishal Sikka said in a year-end »

The QA Financial expert interview: David Young, Metro Bank

The QA Financial expert interview: David Young, Metro Bank

When the UK’s Metro Bank moved its app development and testing to the Cloud, it hired Rackspace and dropped AWS, the global market leader in cloud services. David Young, Metro Bank’s CTO, explains why. Metro Bank, a UK commercial and retail bank founded in 2010, has achieved significant operational efficiencies, as well as enhanced its »

Testing case study – Ferratum

Testing case study – Ferratum

According to Caj Sjöman, head of mobile banking at Ferratum, a digital bank that specialises in short-term loans to retail customers, testing mobile apps represents the single most significant challenge for the financial services industry. Sjöman is responsible for developing the bank’s mobile app, compatible for both iOS and Android, and which lets customers open »

Israel Says Foreign Tech Workers Won’t Dilute Jewish Majority

Israel Says Foreign Tech Workers Won’t Dilute Jewish Majority

Israel can admit highly-skilled foreign workers to address a labor shortage in the tech industry without diluting its Jewish majority, said Shai Babad, Director General of the country’s Finance Ministry. The government is looking to ease restrictions on some foreign professionals as it prepares to slash corporate taxes for large tech companies that register intellectual »

Growth will bounce back, says Infosys

(Bloomberg) — Infosys Ltd. expects growth to bounce back from last quarter’s disappointing showing but warned that the IT services industry will take a short-term hit from Britain’s decision to depart the European Union. Infosys, a barometer for the health of the $3 trillion global enterprise IT spending market, slashed its annual sales forecast in July, »

Fidessa heralds “new phase of recovery” in markets

Fidessa, the London-listed trading and data systems vendor, says that regulatory changes such as the 2018 implementation of MiFID II in Europe and the planned Consolidated Audit Trail in the US will help offset the “increased headwind” of consolidation and closures among the company’s customer base this year. Announcing 2016 preliminary results and a 9% »

New York Fed to set new expectations for IT risk management by banks

New York Fed to set new expectations for IT risk management by banks

The Federal Reserve Bank of New York is understood to be working on revised and more detailed guidelines for financial firms in their management of outsourced IT risk, for release later this year. It is understood that that the New York Fed believes that banks need to do additional work to ensure they have the right risk »

FCA gives green light to the cloud

The FCA has published a paper on guidance for cloud outsourcing. The regulator has confirmed that it does not see any fundamental reason why cloud services cannot be implemented, as long as they are given: “Appropriate consideration, in a manner that complies with our rules.” According to the FCA, a lack of oversight over outsourced »

Page 1 of 212