News & Features

Exchange trade body publishes cyber resilience principles

The World Federation of Exchanges (WFE), an industry body that represents more than 200 exchanges and clearinghouses, has published a set of principles on cyber resilience. The WFE says these are intended to complement a paper released on June 29th by a joint Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities »

BofA fined by SEC for mini-flash crash lapses

Bank of America Corp.’s Merrill Lynch unit was fined $12.5 million to settle allegations that the broker’s weak controls led to multiple orders being sent to markets, resulting in mini-flash crashes. The bank set its internal trading limits too high, so they were ineffective and caused market disruptions on at least 15 occasions from late »

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 »

How the $8.8 billion HPE — Micro Focus merger will shake up testing

SmarBear is a competitor to HPE

The September 7th announcement of Micro Focus’s $8.8bn deal to merge with the software business of HPE continues its history of bold acquisitions. It was only in May that Micro Focus completed the purchase of Serena software for $540 million. But the HPE deal is on another scale, and the combined company will be the »

Google Cloud Joins Amazon, IBM in Serving Blockchain Clients

Google’s cloud services will be used to test blockchain technologies for banks, an area where IBM, Microsoft and Amazon have been courting clients for the past year. Royal Bank of Scotland Group has employed Google servers in a trial of a new blockchain application for clearing and settlement, the consulting firm GFT said Friday in »

National Australia Bank, Bank Leumi Start Tech Alliance

Canadian Imperial Bank of Commerce, National Australia Bank Ltd. and Bank Leumi Le-Israel Ltd. formed an alliance to develop technologies faster and cheaper amid an industrywide shift toward digital banking. The three lenders agreed to share information, co-develop products and services and swap employees in areas of payments, digital banking, cyber security and emerging financial »

FCA declares its fintech testing sandbox a success

Speaking at the BBA FinTech Banking Conference, Christopher Woolard, the FCA’s executive director of strategy and competition, said that the regulator had received 69 applications to its regulatory sandbox since its launch. Seven of the successful applications are payments technologies. The FCA launched the regulatory sandbox as part of its Project Innovate last May. The »

HSBC Said to Seek Fintech Hub in London’s Hipster Neighborhoods

HSBC Said to Seek Fintech Hub in London’s Hipster Neighborhoods

HSBC Holdings Plc is seeking office space in technology-focused London neighborhoods including Shoreditch to bolster its fintech capabilities, according to two people with knowledge of the move. Europe’s largest bank hired real estate broker CBRE Group Inc. to find 50,000 square feet (4,600 square meters) of space, almost the same size as an American football »

Google’s AI Brainiacs Achieve Speech-Generation Breakthrough

Google’s DeepMind unit, which is working to develop super-intelligent computers, has created a system for machine-generated speech that it says outperforms existing technology by 50 percent. U.K.-based DeepMind, which Google acquired for about 400 million pounds ($533 million) in 2014, developed an artificial intelligence called WaveNet that can mimic human speech by learning how to »

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... »

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