financial industry

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  • Banks, named new main target for financial crackers, ponder radical tactics for defense

    Posted January 10, 2012 - 5:09 pm

    The Wall Street Journal reports at least two efforts underway among major banks to share data on developing security threats, prompted by Zeus and other bank-targeting malware. Some banks promise to come to meetings, but still don't want to talk when they get there.

  • Banks overspend by 40 percent on IT

    Posted November 8, 2011 - 11:13 am

    UK banks spend up to 40 percent more than the market price for IT services, according to research from analyst and consultancy company Compass.

  • Bank of America in battle with bloggers

    Posted September 1, 2011 - 2:03 am

    Bank of America (BoA) has taken on two prominent blog sites after accusing them of spreading incorrect rumours.

  • Retail traders complete deals without going to Web sites

    Posted June 2, 2010 - 8:59 pm

    Retail online brokers are continually working to improve their trading client's online experience. There are always new and interesting technologies that brokers embed in their websites with the goal of driving more traffic to the site, make it more sticky or motivate you to consolidate financial activity on it. A new tool from Zecco takes the opposite approach. Rather than trying to funnel you into Zecco's site, the tool allows you to trade without ever going to it.

  • Wall Street to install 'circuit breaker' to head off market gyrations

    Posted May 19, 2010 - 2:32 pm

    The SEC and national exchanges are imposing rules that would pause trading on individual stocks if they drop 10% in a five-minute period, a move aimed at avoiding market gyrations that can be exacerbated by automated high-speed trading.

  • Five Reasons Financial Institutions Need Virtualization Now

    Posted March 16, 2009 - 5:29 pm

    Since financial institutions are well known for having complex, heterogeneous IT environments (through home grown systems, rogue purchases by a line-of-business or department, and years of industry consolidation), there is tremendous opportunity for financial services institutions to simplify and benefit from virtualization. Here are five good reasons to consider virtualization.

  • Will Obama’s Technology Push Extend to Financial Regulators?

    Posted January 21, 2009 - 2:01 pm

    Obama’s technology-savvy election team worked very effectively to leverage a new world order of YouTube, social networking, and blogging tools to promote his agenda, connect with a nation of voters, and raise campaign funds. But does he really know what it’s going to take to overhaul and connect all the disparate government information systems? He has certainly raised hopes and set expectations high for both the technology and financial sectors.

  • As stocks drop, NYSE offers refresher on 'circuit-breakers'

    Posted October 27, 2008 - 1:34 pm

    Fears that the major U.S. financial markets would follow other markets as they dropped on Friday prompted the New York Stock Exchange (NYSE) to highlight rules about market-wide trading halts that kick in when indices plummet below certain pre-defined levels.

  • Will your IT job survive the financial meltdown?

    Posted October 2, 2008 - 11:41 am

    Fearful tech workers tiptoeing along the shaky alleys of Wall Street -- and fretting about losing their jobs -- should take a deep breath. Of the more than 100,000 job losses expected as a direct result of the financial crisis, only a tiny slice will likely be from the tech ranks, figures Sean O'Dowd, an analyst at market researcher Financial Insights.

  • Financial crisis: The tech innovations at risk

    Posted September 30, 2008 - 2:38 pm

    Analytics, SOA, storage networking, and cloud computing providers face huge fallouts as financial customers wither.

  • Taking control of your IT career in the face of layoffs

    Posted September 26, 2008 - 11:26 am

    If you work in IT at a financial services company -- or any organization reeling from the country's economic woes -- you're probably feeling insecure about your job -- not to mention powerless over market forces beyond your control. But, in fact, there's quite a bit you can do right now to quell your anxieties and take control of your career.

  • How IT could have prevented the financial meltdown

    Posted September 24, 2008 - 2:24 pm

    In the coming weeks the feds and the surviving financial services institutions will have the daunting task of unraveling all the securitized loans and other instruments that are hiding the toxic investments. But does the technology exist to do that? And if so, could it have been used to prevent the bad debt from hitting the fan in the first place?

  • Fannie Mae CIO among execs leaving firm after fed takeover

    Posted September 23, 2008 - 8:31 am

    The federal takeover of Fannie Mae earlier this month has resulted in several upper management changes at the mortgage financing firm, including the exit of its CIO.

  • Financial industry turmoil: What's in store for IT workers?

    Posted September 22, 2008 - 9:39 am

    Outside of Mahogany Row where golden parachutes are reserved for the privileged few, "there's clearly going to be a reshuffling of the deck" inside IT departments.
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