Financial Services
The worst RTGS outage in nearly a decade was resolved without too much loss of hair but will renew enthusiasm for a core settlement engine replacement due in 2024...
Citi, Goldman, Morgan Stanley, LSEG, Natwest Group, and RBC are all participating amid concerns at the opacity of public cloud security and resilience tests and controls.
"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."
Central bank keen to "improve consumption-based spend and reporting and to be able to "make strategic TCO decisions on location of workloads..."
Citigroup spent the equivalent to some $50 million on technology every single working day over the past quarter..
Worldpay -- "a dozen payment M&A deals in a trenchcoat" -- will find a new home in the warm embrace of private equity after investment failings.
"... a concept has been developed for a centralised solution that will provide firms with an automated classification answer."
Dust off your math, review the literature with some strong coffee; envision a future fresh from a William Gibson novel...
From Citi's $1 billion "fat finger" and regulatory intervention driving a massive compliance overhaul, to major cloud migrations, spending continues at scale...