technology news from FierceFinanceIT
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Case study: Wells Fargo and ID fraud
Some good news on the identity fraud front: Javelin Research, in its latest survey on the issue, has found that the growth of identity fraud slowed to 12 percent in 2009, compared with a whopping 22... Read more...
The nanosecond era to dawn?
We used to measure trade execution times in seconds. Then milliseconds, then microseconds. Are we now on the verge of the nanosecond era? That's one billionth of a second, which is pretty fast!... Read more...
Most far reaching tech innovation of the decade?
Paul Volcker had a surprising answer recently when asked what the most important innovation of the last decade was: the ATM. This may have been delivered tongue-in-cheek. As the Financial Times... Read more...
A big picture look at bank IT woes
The Economist has decided to weigh in with a big-picture view of the banking industry's IT spending. No other industry spends as much on technology, "about $500 billion globally," the magazine says,... Read more...
Super computers, an alternative to the cloud?
Hedge fund IT managers were among those who gathered in Portland last week for Supercomputing 09, the annual confab for the supercomputing industry. The financial sector has been one of the strongest... Read more...
The real reason to replace your core
Core systems are not easy to change. They're expensive and fraught with uncertainty, and frankly it doesn't happen as much as it used to. Bank Systems & Technology notes the heyday of core change... Read more...
Cloud computing, low or high appeal for banks?
A recent survey sponsored by Temenos has found that despite lots of marketing activity, cloud computing has yet to generate any real support from banking executives. The survey found that just 15... Read more...
TD Ameritrade bets online options trading
Are options really becoming a core part of mainstream investing? There are plenty of people who say yes, but you've really got to wonder. My sense is that it remains an arcane niche for motivated... Read more...
Account aggregation software, is now the time?
Account aggregation software has been around for a while. It started as more of a retail service, to help people get a single view of assets from disparate sources. But the services offered by... Read more...
BONY Mellon rolls out PE administrative services
As margins compress in the hedge fund and private equity industries, some third-party administrators sense opportunity. BONY Mellon has just added a private equity services platform. The company is... Read more...
