Compliance

Vendor risk management provider of the year — CAST

New York-based, but founded by Frenchman Vincent Delaroche and quoted on the Euronext Exchange in Paris, CAST has established itself as the leader in the field of benchmarking the quality of software code. Around 10% of financial firms are using some sort of standard for benchmarking the quality of their code, reckons Lev Lesokhin, marketing »

Crowd testing provider of the year — Applause

Crowd testing provider of the year — Applause

Applause, the Boston-based firm that specialises in crowd testing, teamed up with Santander to develop a mobile app for the Spanish market that will be fit for purpose in a new era of open banking. The success of Applause is based on the expertise of the many manual testers that it brings to the table »

Mobile testing provider of the year — Perfecto

How quickly can a bank test its app on hundreds of combinations of devices and operating systems?  Perfecto, a provider of cloud-based mobile testing environments, offers a solution for a highly fragmented market. Bank customers are unforgiving when it comes to mobile apps. Bugs mean lost market share. But every new phone release — indeed »

Regulatory testing project of the year — HCL and Deutsche Bank

Regulatory testing project of the year — HCL and Deutsche Bank

European banks have to implement FATCA tax rules for each national market in which they operate. So Deutsche Bank’s FATCA compliance app was necessarily going to be a sophisticated build. In partnership with HCL, Deutsche designed a pioneering DevOps solution. Compliance is increasingly driving software development and testing, and the complexity for software developers arises »

Software vendor platform of the year — Calypso Technology’s CATT

The San Francisco-based trading and risk systems became the first capital markets software vendor to offer an automated testing platform for its product. Standard Bank of South Africa was the first major customer. Testing software and apps has become progressively more difficult and time-consuming for banks. Aside from the growing number of legacy systems that »

DevOps advisory provider of the year — Tata Consultancy Services

ING is recognised as a leader in Agile and DevOps delivery among European banks. The partnership of ING’s Belgian subsidiary with Tata Consultancy Services (TCS) has been an important part of its success in its move toward continuous app delivery. Netherlands-based ING started its transition to full automation of software development two years ago, driven »

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 »

MetricStream secures India op risk sale

Bajaj Finance, the Indian provider of financial services, the retail lending arm of Bajaj Finserv, has engaged MetricStream, a US developer of compliance apps, to implement an audit and operational risk management system. The company is using MetricStream’s Internal Audit Management and Operational Risk Management (ORM) apps, technologies designed to help financial firms to stay »

This Bank-Beating Trading Powerhouse Doesn’t Use Human Traders

But in a world where the difference between profit and loss can be tiny fractions of a second, XTX says it relies more on smarts than speed. Instead of building microwave networks to ferret out prices a microsecond before anyone else, XTX uses mathematical models that are tuned with massive data sets. It says its technology »

CFTC adopts new rules for cyber security testing

The US Commodity Futures Trading Commission (CFTC) has voted to adopt new rules to govern security testing for contract markets, swap execution facilities, and swap data repositories as well as derivatives clearing organisations. These amendments are in line with the recently released ‘Guidance on Cyber Resilience for Financial Markets’ published by the Bank of International »

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