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Outsourcing Trends on Wall Street: Changing Attitudes When considering outsourcing vendors, it is important to analyze the intangibles — to look beyond cost, schedule and compliance. The right partner should be of comparable size; for mid-size buyers, global brands most often do not translate to quality.
122% Increase In Financial Services Cyberattacks During Q2 Up to 95% of data breaches start with a phishing email, according to the Agari Email TrustIndex Second Quarter 2013.
Transaction Taxes: Finding an Operational Solution To A Global Problem If financial firms are required to calculate taxes in more than one jurisdiction, operations teams will be tested to keep up without the proper automation.
Auditors Not Okay With Rampant Secure Shell Key Mismanagement Software that provides a risk and compliance report for Secure Shell environments continues to show large-scale security violations across the industry. Auditors, who are also armed with the software, are not taking kindly to the old habit of leaving forgotten access codes lying around.
Top 7 Financial Services Hacks By The Numbers Are you up to date on the latest string of hacks and thefts that have cost financial institutions multimillions of dollars? From Anonymous's hactivism to the most recent credit card scandal, here are the most interesting 2013 data breaches to hit the headlines.
Are Banks Pushing to Weaken Dodd-Frank? Goldman Sachs, JPMorgan and other top investment firms have had more meetings with regulators than with reform groups. Wanna bet what they were talking about?
Social Media Hacks, Will We Fall For the Same Tricks Again? A recent breach of the Nasdaq bulletin boards reminds us that hackers are applying an endless stream of attacks. It begs the question, have any steps been made to protect algo traders from foul play in social media, including another AP twitter hack?
Global CFOs Uncertain But Optimistic, Says Survey Accenture surveyed 1,250 senior finance executives across 9 major economies and found the future of finance is a little brighter than it was before.
The Value of Trust: Q2 Financial Services TRust Index Can financial services use measured trust in the global financial marketplace to improve insight and progress? Thomson Reuters thinks so.
Cybercrime A Systemic Risk, Say IOSCO & Exchanges IOSCO is working to quantify cyber attacks on securities markets. The data is helping to measure systemic risk and threats to the global market.
Document Risk: Taming the Paper Tiger Thanks to new regulations - written more often in gray than black white - investment firms are suffering from document risk, or poorly archived documents and information. While it may not have the white-hot urgency of liquidity or credit risk, document risk is still a source of confusion for today’s firms. WST spoke with Mahesh Muthu, associate principal at eClerx, about the ways firms can stay ahead of their documentation dilemmas.
Cybercrime On Wall Street As the volume of cybersecurity incidents increases, financial services firms are developing their own intelligence-gathering units and cooperating with the federal government to defend against hacktivists, cybercriminals and other state-sponsored groups.
Super Nodes Allow CFN Services’ TradingHUB To Offer Faster Connections, Lower Rates CFN Services is using super nodes for TradingHUB to provides more secure and faster connection with a cheaper rate.
6 FinTech Winners Revealed Large banks threw their support behind six budding financial technology companies, helping them integrate their tools and maximize value.
CFTC Hammers Out Cross-Border Derivatives Trading Regs, Irritating Banks Wall Street may be holding its breath, but CFTC Commissioner Gary Gensler is close to finalizing overseas trading rules to meet tomorrow's July 12th deadline.
3 Ways IBOR Can Improve Alpha Buy side firms rely on real-time data to help traders increase alpha and better interact with regulators. If an investment book of record is the best solution to date, its greatest triumph may lie in the discussion it's sparked.
Cyber Threats: Multiplying Like Tribbles As cyber threats grow at a rapid pace, financial firms need to enhance and adapt a multilayered defensive strategy.
Hacktivism: Defending Against The Unknown In addition to protecting themselves against hacktivists, banks need to be wary of state-sponsored cybercrime as well as espionage.
Data Mining Efficiency: eClerx Releases New Compliance Tool A new solution by eClerx enables financial institutions to extract data from ISDA CSAs that will help them better manage legal and credit risks.
NasdaqOMX Wins on Trading Tech Sale to Borsa Istanbul Turkish exchange purchases technology suite from Nasdaq OMX to transform itself into a regional hub and boost its presence on the international trading scene.
Squeezing Your Cyber Response Curve Financial firms must be more efficient in detecting and responding to cyber threats.
5 FATCA Considerations and Challenges The Foreign Account Tax Compliance Act (FATCA) is certainly a headache for financial firms. Here are 5 things you need to do.
Paradigm Shift: Semantic Search for Financial Markets Imagine a Google search that only returned one answer. And that single answer was good enough to trade on.
Majority of Investors Send Operational Due Diligence Teams to Hedge Funds Regulation is driving the importance of operational due diligence teams, with 70 percent having the power to veto hedge fund investment decisions, according to Deutsche Bank survey.
The New Paradigm for OTC Valuation The methods for pricing derivatives have grown increasingly complex, and legacy systems and processes might not be ready for the challenge.