Outsourcing Trends on Wall Street: Changing Attitudes
When considering outsourcing vendors, it is important to analyze the intangibles — to look beyond cost, schedule and compliance. The right partner should be of comparable size; for mid-size buyers, global brands most often do not translate to quality.
Auditors Not Okay With Rampant Secure Shell Key Mismanagement
Software that provides a risk and compliance report for Secure Shell environments continues to show large-scale security violations across the industry. Auditors, who are also armed with the software, are not taking kindly to the old habit of leaving forgotten access codes lying around.
Top 7 Financial Services Hacks By The Numbers
Are you up to date on the latest string of hacks and thefts that have cost financial institutions multimillions of dollars? From Anonymous's hactivism to the most recent credit card scandal, here are the most interesting 2013 data breaches to hit the headlines.
Are Banks Pushing to Weaken Dodd-Frank?
Goldman Sachs, JPMorgan and other top investment firms have had more meetings with regulators than with reform groups. Wanna bet what they were talking about?
Social Media Hacks, Will We Fall For the Same Tricks Again?
A recent breach of the Nasdaq bulletin boards reminds us that hackers are applying an endless stream of attacks. It begs the question, have any steps been made to protect algo traders from foul play in social media, including another AP twitter hack?
Document Risk: Taming the Paper Tiger
Thanks to new regulations - written more often in gray than black white - investment firms are suffering from document risk, or poorly archived documents and information. While it may not have the white-hot urgency of liquidity or credit risk, document risk is still a source of confusion for today’s firms. WST spoke with Mahesh Muthu, associate principal at eClerx, about the ways firms can stay ahead of their documentation dilemmas.
Cybercrime On Wall Street
As the volume of cybersecurity incidents increases, financial services firms are developing their own intelligence-gathering units and cooperating with the federal government to defend against hacktivists, cybercriminals and other state-sponsored groups.
6 FinTech Winners Revealed
Large banks threw their support behind six budding financial technology companies, helping them integrate their tools and maximize value.
3 Ways IBOR Can Improve Alpha
Buy side firms rely on real-time data to help traders increase alpha and better interact with regulators. If an investment book of record is the best solution to date, its greatest triumph may lie in the discussion it's sparked.
The New Paradigm for OTC Valuation
The methods for pricing derivatives have grown increasingly complex, and legacy systems and processes might not be ready for the challenge.