Synopsys completes acquisition of Black Duck Software

Synopsys, the California-based software company, has completed its acquisition of Black Duck Software, specialist in automated solutions for securing and managing open source software based in Boston. The value of the cash transaction was approximately $547 million net of cash acquired. Software development is undergoing rapid change, including the increasing use of open source software »

Banks Look to Step Up Employee Surveillance After Latest Scandal

Banks Look to Step Up Employee Surveillance After Latest Scandal

Lenders asked International Business Machines Corp. if it were possible to use the technology to also watch retail-banking salespeople, loan officers and other workers, according to Marc Andrews, a manager on the company’s Watson financial services team. Several of the biggest U.S. banks, as well as some regional banks, are testing the software, Andrews said. »

Latest App Coding Trend Led by Docker Can Be a Hacker’s Dream

Although invisible to the user, this method has become the dominant way to code apps today. Programmers like it because it allows them to change one feature without breaking their colleagues’ work, and it helps software run more efficiently, saving companies money. But the process is also giving hackers lots of new ways to steal »

Video interview: Jeremy Norwood, PMO Director, Tradition

Video interview: Jeremy Norwood, PMO Director, Tradition

Tradition has partnered with ExactPro, the testing arm of the London Stock Exchange, for non-functional testing. Jeremy Norwood, project management director at the inter-dealer broker, explains why accurately simulating market conditions is key for effective non-functional testing. »

Synechron bets large on AI in testing

Synechron bets large on AI in testing

Synechron, a New York-based IT consulting company focused on the financial services, is investing in artificial intelligence technologies in testing. The technology firm hopes to use the technology to power predictive analytics and natural language processing to achieve savings of 30% for clients of their testing services, said Ashish Nangla, senior director at Synechron. While »

U.S. agency invites fintech firms into special bank charter

The Office of the Comptroller of the Currency will open its doors to non-traditional financial companies that are willing to meet some of the rigors of regulated banking, including capital, liquidity and consumer-protection rules, according to a draft policy statement released Wednesday. “Providing a path for fintech companies to become national banks can make the financial »

Divisive `Bitcoin Unlimited’ solution crashes after bug exploit

Bitcoin Unlimited, which had been attracting support from the digital currency’s biggest miners, was attacked after developers brought the bug to light. The numbers of “nodes” hosting Unlimited fell to about 300 from 800 following the attacks, the lowest level since October, according to website coin.dance which tracks industry data. Nodes make up the core »

SocGen taps Amazon, Microsoft for cloud as banks target costs

The Paris-based bank is working with Microsoft Corp. and Amazon.com Inc. to become one of the first large European banks to adopt cloud computing for the bulk of its operations. Societe Generale will start using external cloud services by June for some non-client content, such as financial research and marketing data, said Carlos Goncalves, the »

Vista to buy DH Corp to combine with financial tech firm Misys

Vista plans to combine DH Corp. with Misys Ltd., which it bought in 2012, according to a statement Monday. The deal values DH Corp. at about $C2.73 billion ($2.03 billion), according to data compiled by Bloomberg. Including debt, the transaction is valued at $C4.8 billion. DH Corp. shares closed at $C23.04 on Friday, giving the company »

Big-data disruption gets real for car insurers as O2 expands

Telefonica SA’s O2 unit — one of the first mobile operators in Britain to offer car insurance — expanded its product line in February to include telematics boxes, which track people’s driving habits and can lead to cheaper premiums for youngsters. That’s stoking speculation that a wave of fintech companies will push into the market and disrupt the way »

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