News & Features

EU ready to set laws for accessibility testing

EU ready to set laws for accessibility testing

The EU parliament is drafting a directive that will force private sector companies to accommodate disabled people when offering their goods and services. It has already adopted a directive requiring all public sector websites to adhere to accessibility guidelines. The draft directive will specifically describe the standards banks and other financial services firms have to »

Banks Listen in on Phone Calls to Discover the Best Traders

London-based Amplify Trading Ltd., which provides training services to banks and asset managers including HSBC Holdings Plc and Invesco Ltd., is introducing voice analysis technology aimed at identifying behavior associated with a successful career as a trader. How traders interact, and what they say, has continued to make headlines. European Union antitrust regulators fined a »

CFTC fines Société Générale $450,000 over software bug

CFTC fines Société Générale $450,000 over software bug

The US Commodity Futures Trading Commission (CFTC) has issued a $450,000 fine to French financial firm Société Générale for improper regulatory reporting caused by bug in the code of Société Générale’s FX trading platform. The  reporting error led to the French investment bank falling foul of the Commodity Exchange Act (CEA) and CFTC Regulations. The »

With Fintech, Hong Kong-Singapore Rivalry Gets a New Twist

“We are quite impressed by government agencies here,” said Cho, whose Marvelstone Group is developing a mobile payments platform and invests in other fintech firms. Singapore authorities introduced him to tax advantages and connected his firm to potential partners. Many fintech companies are making similar choices, adding a new dimension to the decades-old tussle between »

Singapore’s MAS to open cyber defense centre for finance

The Monetary Authority of Singapore (MAS) has announced it will establish an Asia Pacific Regional Intelligence Centre to encourage the sharing of cybersecurity information among financial firms in the region. MAS is partnering with FS-ISAC, a US-based industry body for cyber and physical threat intelligence analysis, on the project. The intelligence centre, which will be based »

Cyber security firm to be publicly traded on AIM

Bradford-based ECSC Group, a cyber security services provider which includes Barclays among its customers, has announced that it will float on the London Stock Exchange’s Alternative Investment Market (AIM). Investors will be able to publicly trade shares of ECSC on December 14th. The float is expected to raise £5 million, according to the AIM site. »

Fintech Firms Get Chance to Grow Up, as U.S. Offers Charters

Fintech Firms Get Chance to Grow Up, as U.S. Offers Charters

The Office of the Comptroller of the Currency said Friday it plans to start accepting applications from fintech companies for a special charter that would formally subject them to federal banking rules. Companies that become chartered will get the benefits of being an established company in the eyes of the government. But they will also »

Radware awarded DDoS certification from ICSA

In a first, the International Computer Security Association (ICSA) Labs, a testing body that is a division of Verizon, the US telecoms firm has certified Radware, the Nasdaq-listed cyber-security firm, for its DDoS mitigation technology. ICSA Labs audited Radware’s DDoS detection and mitigation scenarios, and found that they were: “thoughtfully designed and properly executed.” DefensePro, »

Amazon Promotes New Tool to Protect Cloud Customers From Attacks

Chief Technology Officer Werner Vogels announced Amazon Shield, new layers of protection designed against service interruptions like the cyber attack that took down top websites and affected some Amazon Web Services customers in October. “This will really help you protect yourselves even against the largest and most sophisticated attacks we’ve seen,” he said on Thursday at »

Luxoft signs three-year deal with UBS for $100 million to $300 million per year

Luxoft, a Zurich-based provider of software development tools and testing services listed on the New York Stock Exchange, has made a deal with UBS. The Swiss bank has signed a three-year agreement with the Luxoft, and has agreed to an average minimum spend of $100 million to $300 million a year. The technology service provider »

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