Each year, Wall Street & Technology's IT Salary Survey gives technology professionals a view into the health of the industry, as well as a measuring stick for their own compensation. And, each year, the Salary Survey is the most read article in the Wall Street & Technology community.
Read the full article: Salary Survey: IT Pros Want More Than a Pay Raise
Recently, many community members have lamented the lack of innovation in financial services, implying that today's IT organization does little to add value or "innovate" in today's business climate. However, this past summer a number of banks, including Capital One, Morgan Stanley, Citigroup, American Express, UBS and Bank of America backed the 2013 FinTech Innovation lab in hopes of finding new ideas and technology that can help their business.
Six newer technology providers presented their ideas and were judged by CIOs from the banks. Technology innovations included a big data analytics tool, an app that allows all corporate systems to run securely through a browser, and others.
Read the full article: 6 FinTech Winners Revealed
When revenues were growing on Wall Street, it was easy to attract the best and brightest minds to a bank -- just pay more than everyone else. Today, however, the industry is in a different place financially, and sometimes firms aren't able to attract talent with money alone.
Both established megabanks and smaller financial firms are finding innovative ways to attract, cultivate and retain talent, including State Street, Fidelity Investments, BNY Mellon and TradeMonster.
Read the full article: Financial Firms Are Investing In Their No. 1 Asset: IT Talent
The new junior Senator from Massachusetts wasted no time going after banks and regulators after she was named to the Senate banking committee. Remember, Warren was slated to be the first head of the CFPB, but her nomination was blocked in the Senate. Oops.
Now, with a bigger stage and a seat in the Senate, Warren blisters banks and regulators with questions. One of her first targets was HSBC, which was fined for laundering $881 million in drug money, but is still allowed to operate in the U.S.
Read the full article: Laundering $881 Million Is Now Acceptable
Watching Elizabeth Warren grill regulators has some Senators wishing they didn't oppose her appointment to the CFPB back in 2011.
Warren wasted no time in getting down to business and she took the opportunity at her first Senate Banking Committee meeting to tear into the top regulators from the nation's financial service regulators (FDIC, SEC, OCC, CFPB, CFTC, Fed and Treasury). Remember, if she was allowed to be the head of the CFPB, she would have been on the other side of the room yesterday, answering softball questions from Senators who probably don't know the difference between a retail bank and an investment bank.
Read the full article: Regrets? Some Senators Have a Few
When security experts started to warn that LinkedIn profiles might be a security hazard for financial services professionals, apparently people started to listen -- and read. Community members made this article one of the top 10 in 2013, in terms of page views, and readers shared it extensively across social media.
Read the full article: The Perils of Social Media: Hackers Target Linkedin Profiles
Most large data centers are away from urban centers in bland, boxy, over air conditioned buildings. So when the world's largest high-rise data center opened in downtown Manhattan, we had to go take a look. The Integrate.Manhattan facility, owned by Sabey Data Center Properties, sits on top of a ConEd powerstation and has extensive fiver connectivity.
Take a look at the inside of the world's largest high-rise data center (photos): Inside the World's Largest High Rise Data Center
Read an article on the data center: World's Largest High-Rise Data Center Opens in Downtown New York City
A study of 930 chief financial officers found that CFOs know that newer technologies are needed for their own job, disruptive technology can be a growth enabler and that organizations need to shift away from IT maintenance and integration issues and focus on technology as an innovation.
Read the full article: CFOs Increasingly Cite Technology As Critical For Success
Every couple of weeks, another trading system went bonkers, or a data feed failed, or something happened that put the focus on trading software testing and quality control. No organization seemed to be immune, as large and small exchanges and various financial institutions all joined the trading software "walk of shame" at some point in 2013.
Read the full article: 10 Trading Glitches That Stopped The Markets
Fidelity Investments is massive and spends $2.5 billion on technology each year. Stephen Neff, enterprise CTO, coordinates 14 other CIOs who collectively manage the organization's technology direction.
Community members made Neff's profile one of the top 10, in terms of page views, in 2013.
Read the full article: Striking The Right Balance at Fidelity