Financial Services
"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...
Treasury, risk, and collateral management, and regulatory and compliance software are more important than ever...
HMG makes a lot of payments: The Department for Work and Pensions alone makes 2.5 million+ daily that are worth £3.7 billion per week.