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  • Vendor risk management may be built into future contracts

    For several years now, financial firms have been under increasing regulatory pressure to monitor and manage the risks posed by their vendors, and even their vendors' vendors. As financial firms hone their vendor and third-party risk management skills, their metrics for measuring the riskiness of their vendors may one day become a standard part of the vendor contracts, much like service level agreements, one vendor says.

Glitch causes nearly full-day halt to options trading at ISE

A glitch forced the shutdown of the International Securities Exchange's two options markets early in the trading day Monday, and the two markets remained closed for the remainder of the day.

Robinhood and Invstr signal new wave of free apps challenging finance firm fees

Two new iPhone apps launched last week aim to turn upside-down the fee structures with which retail investors trade and access market information.

LEI takeup slower than expected, TABB/Alacra research shows

DTCC/SWIFT received the top spot in a quality ranking of the 14 organizations that serve as registration authorities for Legal Entity Identifiers (LEI), but the research found troubling signs that industry adoption remains low. 

Cloud Lending takes on peer-to-peer marketplaces

Cloud Lending, the cloud-based infrastructure provider specializing in the non-bank lending market has launched a new platform aimed at providing a turnkey cloud-based infrastructure for peer-to-peer and marketplace lending.

 

Amex plans big data, mobile, cybersecurity builds in Silicon Valley

American Express is assembling experts in big data, cybersecurity and mobile technologies at a new hub unveiled in Palo Alto, Calif., late last week. CTO Nik Sathe, who formerly worked on mobile...
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