News & Features

DevOps and continuous delivery: How much is hype versus reality?

devops

The topics of DevOps and continuous app delivery have made it onto the agenda at SIBOS, organised by Swift, the bank payments consortium and by some measures the leading financial technology conference in the world. Reflecting the wariness banks hold for new technologies, the panel QA Financial was asked to chair at SIBOS was titled: »

Goldman Quits R3 Blockchain Group, Other Banks Said Next

Goldman Sachs’s departure is tied to the structure of the consortium and its ability to work together, and not to the potential of the blockchain technology, said two of the people, who spoke on condition of anonymity because it’s a private matter. R3 is preparing its first round of equity fundraising, and the investment bank »

Symantec to Buy LifeLock for $2.3 Billion to Add ID Security

The offer for LifeLock values its shares at $24 apiece, according to a Business Wire statement. The offer is 16 percent above Friday’s closing price. The Tempe, Arizona-based company was pursued by bidders including private equity firms Permira, TPG and Evergreen Coast Capital, the new buyout arm of hedge fund Elliott Management, according to people familiar with the matter, »

ICAP’s Spencer Reboots Market Stalwart With a Big Bet on Digital

For decades his brokerage, ICAP Plc, has helped turn the wheels of the capital markets by trading trillions of dollars in derivatives, currencies and other securities on behalf of global banks. Its legion of voice brokers, wielding telephones, embodied the hurly-burly of a marketplace where relationships and instincts mattered. Now the interdealer broker is transforming »

India’s IT Services Industry Trims Annual Sales Growth Forecast

Sales will rise 8 percent to 10 percent in constant currency terms in fiscal 2017, according to New Delhi-based Nasscom. That compares with a February projection of as much as 12 percent and last year’s 12.3 percent growth. India’s $150 billion IT industry has been buffeted by a series of storms including a halting of »

Singapore to Test Digital Currency in Latest Fintech Initiative

MAS

The “proof-of-concept” project, which also involves the city’s stock exchange and eight banks, is aimed at simplifying the payments process and reducing transaction costs, Managing Director Ravi Menon said in a speech Wednesday. It may include cross-border transactions with the participation of another central bank in the future, he said. “Today, banks have to go »

SAP’s Major Update to Hana Database Also Includes a Free Version

Hana 2, the second major release of SAP’s main database software since its wide release in 2011, includes tools for analyzing and predicting machine and geographic data and becomes available to customers Nov. 30. SAP is also making the software more accessible to developers through new pricing as it seeks to gain share against Oracle »

FCA gives green-light for sandbox testing

The UK’s Financial Conduct Authority has released the names of 24 companies whose projects have been approved for its regulatory sandbox scheme launched last May. Companies that have been given the go-ahead include: BitX, a provider of distributed ledger technology that allows the international transfer of funds, the charity Citizens Advice, with an app that »

Wall Street Coders Wanted, Elite College Degrees Not Necessary

So last year, Furlong, 30, enrolled in a three-month coding boot camp that uses HackerRank, a web platform that trains and grades people on writing computer code. After earning a top ranking for Java developers globally, Furlong was hired by JPMorgan Chase & Co. in December for its two-year technology training program. This is Wall »

Ex-Barclays CEO Jenkins Targets Banks With Cloud-Computing Firm

Ex-Barclays CEO Jenkins Targets Banks With Cloud-Computing Firm

Jenkins, 55, ousted from the London-based lender last year, has opened a company named 10X Future Technologies, according to a statement on Monday. He’s working with Mark Allcock, a former technology specialist at Barclays, and Brad Goodall, who previously ran a fintech consultancy that advised Australian wealth-management firms. Global lenders, facing competition from startups, are pushing »

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