The Australian Competition and Consumer Commission’s (ACCC) Targeting Scams Report found in total, more than $229 million was lost to scams in 2015.
Westpac CIO, David Curran, predicts that more partnerships between big banks and smaller fintech startups will help to drive a new innovative working model.
An incompatibility with a software update and subsequent attempt to fix it were the root cause of glitch that forced a nearly four hour long suspension of trading on the New York Stock Exchange on Wednesday.
The New York Stock Exchange suffered its biggest outage in more than 10 years on Wednesday when an unspecified technical glitch forced a 3.5-hour long suspension of trading.
Line up for IPv4 addresses... HP makes PC/enterprise split official... PayPal to buy money transfer service Xoom... and more tech news
Heading into the heart of hurricane season 10 months after Sandy slammed the New York metropolitan area, Wall Street has had time to reassess and revamp backup plans.
PNC Financial Services is targeting 18- to 24-year-olds with its Virtual Wallet, a mobile and online banking service that is designed for people who are setting up their first bank accounts. Since the service launched in August 2008, PNC is averaging...
Whitepapers about finance
Outsourcing has become a critical component of management of financial institution operations. Consequently, the Office of the Controller of the Currency (OCC) and the Federal Reserve Board (FRB) recently issued guidance on how financial institutions should manage third-party risks. • Institutions are outsourcing increasingly complex and sensitive banking and financial operations to third parties • The guidance issued by each agency has particular relevance to outsourcing transactions and provides companies with a roadmap of the key areas of concern to regulators • Many of the suggestions in the OCC and FRB guidance concern provisions of outsourcing agreements where vendors often push back
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