Financial Services IT

Financial Services IT news, analysis, how-to, opinion and video. | CIO

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Illusive Networks seeks to slow Swift attackers through deception

Today's savvy bank robbers don't break into vaults looking for gold or diamonds: They're more likely to be hacking networks looking for access to the Swift payment system.

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Citigroup is cutting costs by making storage simpler

Citigroup is using software-defined storage to build an infrastructure that could last 25 years – while generations of hardware come and go. By simplifying its architecture, Citigroup expects to slash its operational expenses, which...

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Why Accenture broke the blockchain with IBM's help

Let me guess. You thought blockchains were immutable. Exploring the mystery behind breaking the blockchain. What does this all mean for business?

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Swift hopes daily reporting will help stem payment fraud

Swift is introducing a new reporting system to help banks identify fraudulent payments made over its financial transfer network -- but the reports will arrive up to a day too late to stop them all.

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Bank of England wants next payment system to be blockchain-ready

The Bank of England wants to open its interbank settlement service to blockchain technologies as part of a major revamp of the system.

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What role should the CFO play in a system implementation?

When I help companies select new finance and accounting systems, the conversation immediately turns to the size, roles and makeup of the implementation team. This blog post will cover various options for the role the CFO or VP of...

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How 3 fintech startups are shaking up security

Over the years, the financial industry has invested heavily in staff, processes and technology to improve security. But some startups are taking a more innovative approach.

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Oracle buys NetSuite: What does this mean?

Oracle announced on July 28th that it acquired NetSuite. What does this mean for companies that are looking to move their finance function into the cloud? What does it mean to companies currently on NetSuite? How will Oracle position...

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Going cardless at the ATM catches on

Several major U.S. banks now allow the use of a smartphone to withdraw cash from an ATM using NFC technology.

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Who is watching after your agile money? Part II

Agile development, which is the linchpin of digital transformation, requires a different operating model -- the retrofit of the traditional governance and controls won’t work. Financial services organizations are carrying unnecessary...

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The 5 best budgeting apps for tracking and planning your financial life

Whether you want to save more, pay down debt, or become a better investor, there's a financial management app that can keep you on course.

Will biometrics save InfoSec?

Banks are under assault from cybercriminals at an alarming rate. Passwords, PINs, and secret questions all have significant limitations. Will biometrics save banks? Watch the video and lets discuss. (8 minutes)

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Calculating the dollars and cents of ERP

The evaluation process is critical to the success of enterprise resource planning systems, and is one way IT can bring real value to your company’s finance department.

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Big banks, big applications, big outsourcing

Large application outsourcing is booming at big banks, driven in large part by the need for digital transformation.

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IBM beta-tests secure cloud blockchain service

IBM is cranking up the security on its cloud-based blockchain service.

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The role of the BHAG

In previous posts, we discussed the importance of balancing the current capabilities of cloud-based finance and accounting systems against future requirements. In this post, we will explore the role 'big hairy audacious goals' should...

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SWIFT brings in external support as it fights wave of bank hacks

SWIFT is bringing in additional security support after a series of high-profile bank heists and attempted bank heists conducted via its financial transaction network.

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Top 10 emerging technologies from the World Economic Forum

The World Economic Forum has compiled a list of the top 10 emerging technologies for 2016. The list includes nanosensors that will circulate through the human body, a battery that will be able to power an entire town and socially...

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