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.
The Financial Services Roundtable today sent a letter to the leadership of the U.S. Senate urging quick action on cybersecurity protection legislation.
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.
IT departments in regulated industries, such as financial services, struggle with the risks introduced by allowing employees to bring their own devices.
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.
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.
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."
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 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.
Boston-based financial services firm State Street Corp. spends up to one-fourth of its operating budget on IT, and yet the price of hardware is outpacing its need for data center gear, reports Jon