financial services

Latest Headlines

Latest Headlines

Red Hat inks deal with Spanish bank BBVA to develop cloud-based digital banking services

Red Hat announced this week a strategic partnership with Spanish bank BBVA designed to create a digital banking platform supported by Red Hat cloud products, including OpenStack, OpenShift and CloudForms.

Wells Fargo develops BYOD mobile app for secure advisor-client conversations

One of those firms moving ahead with BYOD is Wells Fargo. To enable secure communications between its advisers and clients, Wells Fargo has developed a secure mobile app for their advisers' personal tablets.

Financial services group urges quick passage of cyberprotection bill

The Financial Services Roundtable today sent a letter to the leadership of the U.S. Senate urging quick action on cybersecurity protection legislation.

Box targets financial services industry, who's next?

Box will soon start offering features and services aimed at the needs of the financial services industry. It's already made similar announcements for industries including healthcare, retail, and media and entertainment. Other verticals are sure to follow. 

Regulated industries struggle with challenge of BYOD security

IT departments in regulated industries, such as financial services, struggle with the risks introduced by allowing employees to bring their own devices.

93% of financial services organizations experienced cyberattacks in the past year

While cyberattacks targeting financial services firms are increasing, nearly one out of three still don't provide protection of users' endpoints or implement specialized protection inside their own infrastructure. Such poses threats to banks beyond the hefty financial loss to thieves--an overwhelming majority of bank customers are ready to bail.

Money and mobility

As financial services firms grapple with how to best use mobility to their advantage, increasing consumer engagement and reducing consumer security worries will be the key to success.

Half of world's population headed for the cloud

Nearly half of the world's population will be using cloud computing services in some fashion by 2018, according to a new study by Juniper Research. Meanwhile, KPMG calls cloud computing one of the "most disruptive forces in business in the past 20 years."

BlackBerry continues to sing the blues

There is more bad news for BlackBerry. Following BlackBerry's report of a net loss of $5.9 billion and a 38 percent revenue decline for its most recent fiscal year comes a Ponemon Institute survey that finds close to half of financial services IT pros plan to phase out BlackBerry completely by next year.

Mobile consumers will disrupt the financial services market, predicts IDC

Mobile consumers will be the "disruptors" in the financial services market by increasing their use of purpose-built apps that provide focused value, while minimizing their interactions with their primary institution, predicts market research firm IDC.