Regulators want banks to plan for the worst The proposals also impress on firms their need to set impact tolerances for each important business service and identify and document the people, processes, and technology that supports them.

Finacle will help G Bank leapfrog to emerge as a modern banking organization, allowing it to engage its customers with a truly digital banking experience.

Assets held in ETFs have doubled over the past four years, surging to $6 trillion, notes TABB Group founder and research chairman Larry Tabb, who kicks off this week’s market structure segment with a look at the fallout in the asset management industry from investors’ shift from active to passive funds, including jobs cuts at [...]

The bank reported common shareholders' net income of $68 million for the fourth quarter, up 5%, and pre-tax, pre-provision income of $114 million, up 3.

The Bank of England, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) published a shared policy summary on new requirements to strengthen operational resilience in the financial services sector.

UK regulators have put together a set of requirements designed to strengthen the operational resilience of financial services players.

UK financial services regulators tell banks to own their IT disasters.

London-based Monzo gained its banking licence back in April 2017 and now has over two million customers in the UK.

As technology’s onward rush continues nonstop it provides institutions with opportunities that expand well beyond traditional financial services.

Tech War: Trump Admin Considered Nuclear Option In Banning Huawei From US Banking System. A trade deal between the U.S. and China becomes less likely by the day... A decoupling of the world's largest economies is underway. Sources told that the Trump administration considered banning Huawei from using the U.S. financial system as a nuclear option to crush the company. The strategy by the White House National Security Council was to place China's Huawei Technologies Co Ltd. on the Treasury Department's Specially Designated Nationals (SDN) list. This would've meant Huawei would've been barred from the U.S. financial system and banned from using U.S. dollars in transactions, along with prohibiting it from transacting with any U.S. entities or p.

As part of this technology upgrade, the bank will also implement Jack Henry solutions in several other areas of the institution including lending, treasury and digital.

While IT and analytics continue to be focus areas, "this year, we have also focussed on hiring in risk, compliance and cybersecurity roles," Axis Bank HR head Rajkamal Vempati told ET.

In today's age of advanced technology on every front, even stalwart institutions need to ride the digital wave to enhance the customer experience and generate innovation to stay ahead.

Reich & Tang, which has hundreds of banks on its deposit marketplace, told Buhr it could spread those funds throughout its member institutions and provide the required FDIC insurance.

As part of its new strategy, the Bank will strengthen its forward-looking monetary policy framework.

General Manager, Metallurgy, Equipment and Technology, Alex de Andrade, said that by developing a deep understanding of customer operations and process objectives Mineral Technologies is well placed to identify the best process, equipment selection and key know-how to assist project success ...

It's an amazing story of how some retailers and farmers managed to break into South Africa's banking oligopoly, where very few had succeeded historically," said Stuart Theobald, chairman of the financial services research firm Intellidex.

Banks around the world are taking advantage of new technologies to streamline their operations and provide a better experience to their customers.

Inforalgo’s top ranking for customer support reflects the attentive service the company provides to its global client base.

This category recognises excellence and innovation in the use of IT in financial services worldwide, and the people who make it happen.