Infrastructure Insights

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“Lack of skilled developers” may have led to Equifax breach

20th September 2018

Company: bobsguide
A market-wide lack of skilled developers could be the reason why hacks such as that which led to consumer reporting agency Equifax being fined by the Information Commissioner’s Office (ICO), according to research by software intelligence firm CAST. “The solution is not to rely on the ability to hire good developers so they write... read more
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As Brexit threatens, Absa Bank opens Africa to UK investors

19th September 2018

Company: bobsguide
Last week Absa Bank, one of Africa’s largest diversified financial services groups, launched its UK office.   The move supports the group’s ambition to open Africa to the UK and Europe as the preferred corporate and investment banking partner, even if trade relations between the UK and Europe seem to be heading for a no-deal; the... read more
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Banks drive blockchain commodities platform

19th September 2018

Company: bobsguide
Announed on September 19, komgo SA aims to digitalise the commodities trading sector through a blockchain based open platform. The founders of the new venture include: BNP Paribas, Citi, ABN AMRO, Crédit Agricole Group, Gunvor, ING, Koch Supply & Trading, Macquarie, Mercuria, MUFG Bank, Natixis, Rabobank, Shell, SGS, and Societe... read more
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Legacy failings ramp up finance's digital costs

18th September 2018

Company: bobsguide
The recent CIO Survey by Couchbase, the innovative NoSQL database company, found that financial services spent twice the industry average spend on digital transformation in the last 12 months, or $42m compared to the average $24m. The reason may be that financial services CIOs are investing in the wrong things, according to Jes Breslaw, Director... read more
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Eyesclear CEO: “Outside of all this existing software, there is a whole world evolving. Banks are not able to grasp that”

17th September 2018

Company: bobsguide
The regtech market is growing, and will become of increasing importance for financial institutions in the months to come. But for Erkin Oksel, CEO of regtech organisation EyesClear, an ingrained culture is preventing banks from investing in technological innovation. “The people in the banks should be appraised and should be supported when... read more
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Fintech tackles op risk

17th September 2018

Company: bobsguide
Organisations are met with operational risk wherever they turn. On the one hand, they encounter risks relating to employee behaviour, third parties, statistics and controls. On the other, equally important cultural, moral and ethical risks are also causing disruption. And everywhere they look, companies are faced with risks associated with ordinary... read more
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Adapting to tokens: the simpler, the better

12th September 2018

Company: Comarch Finance
In my previous article, I tried to answer the fundamental question of why anyone would need a token. Today, we know we need it in order to keep our money safe. It is a good time to reflect on some token-related problems and try to come up with a solution. We will address those problems both from the production and usage sides, which,... read more
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Starling Bank CIO: "You have to design the software for failure"

11th September 2018

Company: bobsguide
The chief information officer role could not be more crucial than it is now. A role that simultaneously requires the robust upkeep of mission critical IT systems as well as constantly searching out the most innovative technology. For John Mountain, CIO at challenger bank Starling, the way incumbent IT departments operate is vastly different to... read more
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Competing with robo-investors: putting the EI in AI

11th September 2018

Artificial Intelligence is advancing at an exponential rate across the globe. In the UK, a Government Industrial Strategy is now in place to ensure its success and China’s government has recently revealed a plan committing the country to becoming the world’s dominant player in AI by 2030. Earlier this month, the Bank of... read more