One financial institution going down will not pull the whole of the banking industry under with it, not if the public has confidence that the others are sound. Michael Foot, the managing director of the Financial Services Authority (FSA...
In effect the FSA will have a very strong veto role in outsourcer selection in the sense that it may temporarily, or even permanently, delay the transition to outsourcing, where it is not satisfied that the institution can meet its regulatory...
A global survey has revealed that 39 per cent of financial institutions experienced at least one security breach within the past year. Of the institutions surveyed globally, 47 per cent have maintained or increased IT security staffing in the past...
Cheryl Charles, a senior director at Bits, said: "There is a phenomenon of people being able to literally walk down the street to another financial institution and get hired. Major US financial institutions are working to set up a new defence...
The financial institution will then pass the details of the relevant crime on to the police. The Home Office said from 1 April new procedures under the Fraud Act 2006 mean banks and financial institutions become the first point of contact for...
A Barclays spokesman told silicon.com: "The technology has moved on so Barclays can now adapt its browser for mobile banking.silicon.com Financial Services Asaf Buchner, an analyst at Jupiter, said the buzz around mobile banking is fuelled by...
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