banks
Challenger bank makes a bold choice for new identity and access management program
"We're deep into the large body of work of automating manual controls and processes, consolidating fragmented tech platforms and upgrading our data architecture"
"HSBC’s processes, systems and staff were not capable of detecting and reporting these breaches until December 2022. The inability for HSBC to determine the scale of these breaches due to the inadequacy of its systems and processes is a further concern."
From Citi's $1 billion "fat finger" and regulatory intervention driving a massive compliance overhaul, to major cloud migrations, spending continues at scale...
The retail banking market has heated up hugely in the UK in recent years, with the rise of digital-native banks like Monzo and Starling winning awards and customers – over seven million, three million respectively.) They hit the market with minimal technology debt, having built new stacks from the ground up,
Fed says warns tech may have changed the pace of bank runs, points to "textbook" mismanagement
Is this a tech story? Well, kind of...
Overhaul comes after howling error in 2020 blamed on legacy software, bad training...