BFSI articles

Seven Major European Banks Select IBM to Bring Blockchain-Based Trade Finance to SMEs

Seven Major European Banks Select IBM to Bring Blockchain-Based Trade Finance to SMEs

Blockchain network designed to help make domestic and cross-border commerce easier. IBM Blockchain running Hyperledger Fabric Selected for Digital Trade Chain. IBM announced that it has been selected by a consortium of seven of Europe’s largest banks to build and host a new trade finance platform based on IBM Blockchain powered by Hyperledger Fabric. The

IBM Brings Anaconda Open Data Science Platform

IBM announced today that it is working with Continuum Analytics to offer Anaconda, a leading Open Data Science platform, on IBM Cognitive Systems.   Anaconda will also integrate with the PowerAI software distribution for machine learning and deep learning that makes it simple and fast to take advantage of Power performance and GPU optimization for data intensive

IBM Launches New Developer Tools

IBM announced the launch of the IBM Cloud for Financial Services to offer the essential building blocks for the creation of financial services apps on the IBM Cloud. More than 100,000 individual and enterprise developers from the financial services industry already turn to IBM monthly for insight and support. Now these and more will have

Cognizant Launches $1.5 Billion Accelerated Share Repurchase

Cognizant Technology Solutions Corporation announced that it has entered into accelerated share repurchase (“ASR”) agreements with Barclays Bank PLC, Citibank N.A., and UBS AG, London Branch to repurchase an aggregate of $1.5 billion of Cognizant’s Class A common stock. Under the terms of the ASR agreements, approximately 21.5 million of the shares to be repurchased

Fortinet Issues Top 5 Cybersecurity Predictions for FSI

The financial services sector is likely to remain a top target for cybercriminals in 2017 due to the sensitive nature and value of financial data the industry holds, according to Fortinet. “The financial industry continues to be a prime target given thesensitive nature of its data that is extremely valuable on the online black market.

Better DR Strategy Can Save Your Business Big Way

On Sunday, April 17, 2016, the officials at Dhule & Nandurbar District Central Co-operative Bank Limited were thrown into turmoil when they saw fumes coming out of the windows of their Head office. The fire started at around 8:30 am on the third and fourth floor of the bank where the corporate offices were located.

Temenos Partnered with Aspire Systems

Temenos, the software specialist for banking and finance, has announced a partnership agreement with Aspire Systems, a global technology services company. This agreement provides Temenos with additional scalability for global implementations of Temenos channel solutions, as the demand for digital solutions is rapidly increasing across the globe. The agreement formalizes the successful relationship between the

Mobile Banking Threats Mature

The Kaspersky Security Bulletin Overall Statistics Report for 2015 highlights a new trend for the first time ever. Mobile financial threats rank among the top ten malicious programs designed to steal money. Two families of mobile banking Trojans – Faketoken and Marcher were included in 2015’s top 10 banking Trojans. Another remarkable and alarming trend for

Gemalto Payment HSM Supports Cloud Tokenization Requirement

Gemalto  today announced that its SafeNet Luna EFT (Electronic Funds Transfer) Payment HSM (Hardware Security Module) supports new standards from the major credit card networks for secure implementations of contactless payments via mobile phones. The SafeNet Luna EFT device is able to deliver on highly secure cloud tokenization requirements in order to protect the processing