21 July 2017
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Latest network/systems management news

LME hit by second problem in a week
Trade execution

LME hit by second problem in a week

22 July 2016  |  4186 views  |  0 comments | 3 tweets | 2 linkedin

It has been a week to forget for the London Metal Exchange after it was forced to delay trading on Friday by four hours due to a connectivity issue with an external network provider, according to Bloomberg.

Deutsche Bank to issue update on IT overhaul - FT
Trade execution

Deutsche Bank to issue update on IT overhaul - FT

29 March 2016  |  7410 views  |  0 comments | 6 tweets | 10 linkedin

The executive charged with the job of overhauling Deutsche Bank's IT systems is due to give her first progress report this Friday, according to the Financial Times.

Goldman Sachs buys $20.5m stake in HFT tech firm Perseus
Wholesale banking

Goldman Sachs buys $20.5m stake in HFT tech firm Perseus

21 April 2015  |  5447 views  |  0 comments | 16 tweets | 3 linkedin

Goldman Sachs has bought a $20.5 million minority stake in Perseus, a firm that provides super-fast connectivity for high-frequency trading firms.

UK's high value payment system Chaps goes down
Payments

UK's high value payment system Chaps goes down

20 October 2014  |  11357 views  |  5 comments | 8 tweets | 20 linkedin

The Bank of England was forced to suspend the UK's real-time gross settlement system Chaps for several hours on Monday while it investigated an unspecified technical glitch.

AIB taps Hitachi Data Systems for digital banking push
Retail banking

AIB taps Hitachi Data Systems for digital banking push

11 December 2013  |  4120 views  |  0 comments | 5 tweets | 4 linkedin

Allied Irish Bank (AIB) has enlisted Hitachi to overhaul its entire IT storage environment as part of a wider effort to become a more digitally-focused operation.

Brown Brothers Harriman to ditch traditional desktops as workers go mobile
Risk & regulation

Brown Brothers Harriman to ditch traditional desktops as workers go mobile

01 October 2013  |  12312 views  |  1 comments | 5 tweets | 10 linkedin

US investment bank Brown Brothers Harriman expects to have abandoned traditional desktop computing within two years as employees move to mobile working, says CIO and partner Christopher Remondi.

Bank of America hit by website crash in the US
Mobile & online

Bank of America hit by website crash in the US

04 February 2013  |  5004 views  |  0 comments | 8 tweets | 1 linkedin

Bank of America's online banking website crashed on Friday, February 1st in the US leaving customers temporarily unable to access their accounts.

Banks announce support for SAP corporate cloud messaging network
Post-trade & ops

Banks announce support for SAP corporate cloud messaging network

29 October 2012  |  14641 views  |  0 comments | 11 tweets | 8 linkedin

Bank of America Merrill Lynch, The Bank of Tokyo-Mitsubishi UFJ, Citi, Deutsche Bank, Nordea, Royal Bank of Scotland and Standard Chartered Bank have announced their involvement in the development of the SAP Financial Services Network (FSN), a cloud-based corporate-to-bank connectivity platform.

Indian financial services IT spending soars - Gartner
Retail banking

Indian financial services IT spending soars - Gartner

11 June 2012  |  4267 views  |  0 comments

The Indian financial services industry will spend Rs377 billion ($6.77 billion) on IT this year, 17% up on 2011, according to Gartner.

IBM breaks new ground in Ukraine with $200m Ukrsotsbank IT outsourcing deal

UniCredit-owned Ukrainian bank PJSC Ukrsotsbank has signed a 10-year, $200 million IT systems and processes outsourcing contract with IBM.

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