Latest Commentary

Amid shakeup, Deutsche Bank announces plans to overhaul IT and create digital bank

In announcing its major restructuring, which will split the firm's investment bank into two units, involve the departure of several top executives and the reshuffling of responsibilities for nearly a dozen more, Deutsche Bank also revealed a new approach to technology.

Goldman will tweet and post earnings news itself, forgoing business wire services

When Goldman Sachs reports its third quarter results early Thursday morning, it plans to distribute the news on its own, bypassing some of the third-party news wire services used by thousands of companies. The move follows several controversies involving independent wire services in recent years, including hacking incidents and scrutiny over policies that gave preferred access to premium subscribers.

Ethical hackers look for security weaknesses before they are exploited

The Department of Homeland Security said it is National Cyber Security Awareness Month, yet Scottrade and the American Bankers Association have both reported breaches in the past week. For those organizations, forensic security will fully unwind the severity of the situation, but firms are increasingly adopting preemptive, or ethical hacking to uncover the weaknesses before they are exploited.

A big week for credit and debit card security

The U.S. credit and debit card industry's transition from magnetic stripe cards to chip cards becomes official this week, as October 1 is the deadline by which card issuers and merchants must make the transition to chip cards and chip card readers or face increasingly liability. While the country's transition is far from complete, the looming deadline has spurred an increase in activity, with some stakeholders scrambling to adopt the technology ahead of the industry deadline.

 

Open APIs continue to gain steam

Last week the Danish multi-asset trading and investment firm Saxo Bank announced that it would open access to its trading infrastructure with the launch of OpenAPI. It's not alone.

 

For ANZ Bank, mobile banking data yields data for improving sales force effectiveness

When ANZ Bank first embarked on a mobile banking strategy for its small- and medium-sized business customers back in 2012, it aimed to keep pace with customers' mobile preferences. What it found, however, was that 'going mobile' would not only alter the way the bank presented information to business customers, but it would change the way the bank reviewed and assessed its own sales performance as well.

Banks and fintech firms look out of the box for the next new thing

SunGard is preparing to judge the finalists of its third annual 2015 Coder Cup competition, aimed at driving innovation from within its ranks. ABN Amro is partnering with co-working space-builder The Startup Orgy to help Dutch startups excel. And MasterCard is globally expanding its Start Path program for partnering with startup companies, extending the program that began in Europe to Asia Pacific, the Middle East, Africa and Latin America.

Rethinking how circuit breakers could be less impactful on ETFs

Circuit breakers, which were implemented in stock exchanges in response to the 2010 flash crash, initially appeared to be a big success story of the volatile trading days last week.

 

Circuit breakers win, dark pools lose in stock market rout

It wasn't the "flash crash," but the rout of equity markets that began Monday offered a glimpse of how the market's technology  infrastructure stands up to sudden volatility.

Guessing the trickle down effects of commission unbundling

In announcing this week that it has achieved the payment institution status that will enable it to offer clients a "hard dollar" solution for paying for research, Instinet said it was planning to launch the new service in response to customer demand.