News for BFSI
Thursday, May 17, 2012
100% of UK banks view big data as a significant problem
Research carried out by Quartet FS found that 100 percent of UK banks saw big data as a significant problem. The research has 20 percent of IT managers placing big data as a ‘extremely significant’ problem.
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Monday, April 30, 2012
Atos selected by KBC to provide e-payments
Atos, the payment transaction service will collaborate with KBC to deliver electronics payment transactions for the bank insurance group and its clients until 2016.
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Friday, April 27, 2012
HSBC announces 2,217 UK job losses
2,217 employees at HSBC are to be made redundant as part of the companies measure to increase efficiency and reduce costs.
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Friday, April 13, 2012
Goldman Sachs hit by $22 million fine over monitoring
Goldman Sachs have received a $22 million fine from regulators over the investment banks failure to properly monitor trading and analyst communications.
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Thursday, April 05, 2012
Big data could contribute £216 billion to the UK economy
A study by The Centre for Economic and Business Research (CEBR)and SAS, shows that big data analytics could add £216 billion to the UK economy and create over 58,000 new jobs within the next five years.
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Monday, March 19, 2012
Financial services firms set to increase IT spending
Research from the International Securities Association for Institutional Trade Communication (ISITC), shows that over the next two years, almost three quarters of global financial services firms are expected to increase IT spending.
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Thursday, March 15, 2012
Lloyds Banking Group cuts a further 593 IT jobs
593 IT jobs are to be cut and offshored to India by Lloyds Banking Group. The offshoring is also set to impact staff within IT across HBOS due to their merger with Lloyds TSB back in 2008.
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Tuesday, March 13, 2012
Australia’s Financial and Energy Exchange Group (FEX) chooses BT Cloud
BT has been chosen by Australia's Financial and Energy Exchange Group (FEX) to provide its Radianz Cloud software for financial services, giving global market participants greater flexibility in accessing the FEX exchange.
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Tuesday, March 06, 2012
JP Morgan Saves On Lower Cost Sites In IT Upgrade
New technology has allowed JP Morgan Chase to increase the use of low cost sites by 14 percent. Mike Cavanagh, CEO of Treasury & Securities Services at JP Morgan Chase, has said that an IT overhaul has allowed the bank to “optimise the location strategy” of staff, increasing the use of low cost sites from 26 to 40 percent.
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Friday, March 02, 2012
Pingit Proves Popular says Barclays Bank
Over 120,000 people have downloaded Barclays Bank’s Pingit mobile banking app.
Barclays current account holders can make payments worth between £1 and £300 to people in their mobile contact list. Payments clear in seconds.
The app is hosted in a private cloud that plugs straight into the core IT infrastructure.
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