Banking & Capital Markets

News, trends and technology insights for the industry

Attention Apple users: New attack steals banking creds

Iphone security

A recently discovered malware targeting MacOS, named OSX/DOK, is now targeting unsuspecting Apple Mac users and attempting to steal their banking access credentials. The malware, initially discovered by researchers at Check Point Software Technologies, reportedly affects all versions of OSX, had a valid developer certificate, and targeted users via a widespread phishing attack. According to […]

The marriage vows of technology and banking

Banking

As of 2015, U.S. banks have stored data equivalent to 275 billion MP3s. Drifting through a vast ocean of data are credit card histories, banking transactions and personal customer profiles among other pieces of sensitive information. Banks are under tremendous pressure to collect, store, manage and protect this critical data, and that’s what makes information […]

B is for blockchain

This post is part of a continuing series, “Digital: from A to Z,” that explores what it means to be “digital” from A to Z, broken down into individual blog posts diving deeper into various subjects. Check back here regularly to see continuing posts as I work my way through the alphabet and let me […]

Reducing your risk in the cloud

Reducing Risk in the Cloud

In late 2014 and early 2015, the Australian Prudential Regulatory Authority (APRA) observed that many of the regulated entities that previously outsourced parts of their ICT capability were increasingly adopting a cloud strategy. The organisation released an information paper, Outsourcing Involving Shared Computing Services (including Cloud), intended as guidance for the banking and financial sectors. In response, I published […]

L’avenir de l’agence bancaire

Le constat semble évident. Les clients bancaires utilisent de plus en plus les canaux digitaux, et désertent leurs agences. Le mouvement de rationalisation, voire de fermeture d’agences, semblent s’accélérer. De nombreuses banques, à l’instar de la Société Générale, du LCL ou encore de BNP Paribas, ont initié une restructuration de leur réseau d’agences. De là […]

GameStop, Scottrade suffer data breaches

A duo of recent data breaches — one hitting a stock trading brokerage and another a videogame retailer — shows that more gains are needed to protect customer data, even with all of the progress made over the last 10 years. According to a story by colleague Steve Ragan, Scottrade Bank (a subsidiary of Scottrade Financial Services Inc.) […]

Why I’m a tech optimist

I was in graduate school in the early 1990’s when I became interested in the emerging field of Human-Computer Interaction (HCI).  A core objective of HCI was to design novel technologies for humans to interact with computers. To offer a flavor of the time for the uninitiated (or the young), we still revered the Internet […]

Exploring blockchain in banking

blockchain in banking DXC blogs

Blockchain or, more precisely, Distributed Ledger Technology (DLT) is currently one of the hot topics in the banking industry. Its main focus is on clearing and settlement, where DLT can reduce reconcile efforts, address liquidity needs and accelerate processing. Several reports and studies suggest benefits and substantial savings – in particular, when DLT is applied […]

3 steps to achieve a truly variable cost structure in banking

In the current economic climate, banks have to cut spending and find efficiencies wherever possible. However, many investment banks have substantial – and increasing — cost allocations that make it nearly impossible to lower costs and provide a constant challenge. Organizations are now discovering that cost transparency and a solid understanding of their allocation are […]

How an as-a-service model enables banks to prioritize agility and efficiency

In the past, capital markets firms prioritized speed over everything else. They aimed to get as close to zero-latency trading as possible, even though the efforts often became costly and inefficient. This need for speed has only continued to grow but, elsewhere, increased pressure on margins has continued to mount. This means that, in the current […]