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Regulation and compliance

News on regulations and compliance requirements driving developments in software quality engineering at financial firms.

The FCA's office in London

UK financial watchdog builds app to test digital tools

The FCA found that digital engagement practices such as push notifications can increase risk taking...
Lionbridge's HQ in , Waltham, Massachusetts

QA testing firm Lionbridge under fire after laying off Idaho team

One of the largest unions in the US confirmed to QA Financial it has filed charges against the QA testing...

Compliance push for AI apps as regulatory tool launches

The main aim of the service is to help AI-driven apps to adhere to regulation in order to remain compliant...
Sean Oldham, since November 2013 Broadcom's CISO

Broadcom CISO: More threat-led pen testing needed ahead of DORA

'Prepare for the worst” so firms should increase threat led penetration testing efforts ahead of DORA, Sean Oldham warns...
The ECB's headquarters in Frankfurt, Germany

ECB names new digital chief as QA climbs the priority ladder

The appointment of Alain Busac comes as banks are increasingly turning to tech while regulation is tightening...

DORA testing tool launches as preparation pressure grows

A DORA testing tool has gone live as the pressure to start preparing for the new regulation is growing fast...
Canary Wharf in London, one of the world's main banking hubs

£61m in fines for CGML after IT fails to stop ‘fat finger’ trading error

The regulator slammed the “poor design” of the IT systems with some controls being “absent or deficient”...
Sasha Mills, executive director at the Bank of England

‘Test the unlikely’ to maintain operational resilience, warns BoE

BoE's Sasha Mills said finserv firms need to improve the sophistication of their testing approaches...
DORA is coming into force in January of next year

DORA test coming as EU watchdogs want to see ICT contracts

Financial institutions are urged to hand over contacts with ICT firms ahead of a DORA test this summer...
Charles Meyers has been the President and CEO of Equinix since 2018

Legal spotlight on Equinix for allegedly violating federal security laws

Equinix is the subject of a report that claims it 'manipulated' its accounting for AFFO...
Richard Bishop, Lead Quality Engineer at Lloyds Banking Group, was one of the key speakers

QA panel: GenAI is changing quality engineering at unprecedented speed

Panelists discussed during a QA Financial webinar how GenAI is rapidly changing software testing...
Citi's NYC-based Promiti Dutta

Citi warns AI puts banks’ customer support at risk: ‘can quickly go wrong’

Citi's head of innovation Promiti Dutta said it is 'too risky' to launch an external, AI-powered bot...