Banking - The Stack (Page 2)

“Seriously out of date” software hampering BoE forecasting: Bernanke

“Increasingly complex and ad hoc software patches needed to deal with emerging problems and inconsistencies in the forecasting process” says former Fed chairman.

Edward Targett April 17, 2024

HSBC shakes up technology governance, plans new NED-led Board committee

"We continue to upgrade many of our IT systems and are transforming how software solutions are developed..."

The Stack February 21, 2024

Bank of England's tech overhaul: 'Open Sesame' or more friction?

Proposed changes for account onboarding front-load compliance burden, even as technology gets slicker...

Edward Targett February 12, 2024

Banks are sitting on a data goldmine: Firstly though, they need to unlock it...

Stored procedures in Sybase-based applications that have become a "humungous monster" do not make that easy. One banking multinational is testing the switch to MongoDB...

Edward Targett January 24, 2024

Citi

News

Citi retires 6% of its legacy applications – and 20,000 people

People take the hit to offset huge spending on tech, risk.

Edward Targett January 15, 2024

banks

News

Banks need to do better on operational resilience: Basel

"There is still work to do on developing appropriate business continuity and contingency plans and exit procedures where third parties provide critical operations"

The Stack November 28, 2023

World’s Biggest Bank hacked: ICBC may have failed to patch "Citrix Bleed" vulnerability

ransomware

Cybersecurity

News

World’s Biggest Bank hacked: ICBC may have failed to patch "Citrix Bleed" vulnerability

Courier dispatched with a USB stick carrying trade settlement details after systems disrupted...

Edward Targett November 10, 2023

Endgame! Basel III rules put banking bosses on edge – IT impact also looms for CTOs

Endgame! Basel III rules put banking bosses on edge – IT impact also looms for CTOs

Rules demand "a significant uplift in terms of new data sourcing... IT leadership will need to carefully manage cultural and technical integration between internal risk and compliance teams"

Edward Targett October 24, 2023

“Seriously out of date” software hampering BoE forecasting: Bernanke

HSBC shakes up technology governance, plans new NED-led Board committee

Bank of England's tech overhaul: 'Open Sesame' or more friction?

Banks are sitting on a data goldmine: Firstly though, they need to unlock it...

Citi retires 6% of its legacy applications – and 20,000 people

Banks need to do better on operational resilience: Basel

World’s Biggest Bank hacked: ICBC may have failed to patch "Citrix Bleed" vulnerability

Endgame! Basel III rules put banking bosses on edge – IT impact also looms for CTOs