Articles about Financial Services

Meg Whitman

HPE CEO Whitman says everything's 'on the right track' as sales are literally decimated

HPE's financial results for the first quarter of its fiscal 2017 are in, and they don't look good. Profits are flat and the servers, storage and networking divisions have shown double-digit declines in revenue. Overall revenues for the company were down 10 per cent from the prior-year period, and several key divisions suffered …
Iain Thomson, 23 Feb 2017
US Flag and money

US account holders more likely to switch banks following fraud

Account holders in the US are more likely to switch banks in the aftermath of fraud, according to a new study. Researchers at Carnegie Mellon University found that people who had their information compromised were more likely to terminate their relationship with the bank within six months of a fraudulent event, even if they …
John Leyden, 17 Feb 2017

World to spend US$2.4 TRILLION on tech in 2017

Analyst outfit IDC reckons the world will spend US$2.4 trillion (€2.25tn, £1.91tn) on technology products in 2017, with just under half of the cheques to be written by very large companies. IDC counts software, hardware and services when it tots up its spending sums and says the majority of cash is splashed by business. The …
Simon Sharwood, 10 Feb 2017
First XC40, photo: Met Office

OK, 2016 wasn't the best, but look for a buyer? That's Cray

+Comment A poor year for Cray was rescued by its fourth 2017 quarter’s results. Q4 2016 Q4 2015 Change Full 2016 Year Full 2015 Year Change Revenues $346,600,000 $267,500,000 29.6% $629,800,000 $724,700,000 13.1% $51,800,000 $20,300,000 155.2% $10,600,000 $27,500,000 61.5% Full 2016 year revenues went down 13 per cent …
Chris Mellor, 09 Feb 2017

Data breach notification law finally makes it to Australia's Parliament

Australia's long-awaited and long-delayed data breach notification laws are back on the political agenda, after the nation's House of Representatives passing the legislation yesterday. The bill now before Australia's Senate is the rather limp document that landed in October 2016. Companies will have the chance to keep mum …
Slough and London on a map

Equinix slurps IO's London bit barn

Equinix has revealed that it quietly acquired a data centre operated by US outfit IO. IO's Slough data centre has been renamed “LD10”, making it a sibling to Equinix's LD 4, 5 and 6 which also reside in fabulous Slough, home of the fictional Office made famous by Ricky Gervais. LD 10 has “350 cabinets of sold capacity and a …
Simon Sharwood, 07 Feb 2017
Folk dancers in china

Chinese investors gobble up owner of PCWorld, Macworld etc

Two Chinese investors are buying the owner of PCWorld magazine and the IDC market research outfit International Data Group (IDG) – but IDC’s high-performance computing research businesses are not included in the sale. The two Chinese investors are China Oceanwide Holdings Group Co, Ltd and the confusingly named IDG Capital. …
Chris Mellor, 20 Jan 2017
Watson Power7 cluster. Pic: IBM

Elementary, my dear IBM: When will Watson make money?

IBM Watson has taken heat from Wall Street for not adding to Big Blue's revenue as the company reported a 19th successive quarter of decline. The Watson brand won worldwide attention back in 2011 when the supercomputer defeated human contestants during a special series of television quiz show Jeopardy. Now the brand lives on …

DirecTV Now plagued with faults, but uptake not slowing

AT&T's freshly hatched DirecTV Now OTT streaming service is forecast by most industry analysts to hit around 1 million subscribers after one year, following its launch at the end of November, but here at Faultline Online Reporter we believe the service has the potential to take off on a much bigger scale – providing it can …
Faultline, 20 Jan 2017

Inspur inspires DDN to be its HPC reseller

DDN has signed a deal for Inspur to sell tested and configured systems to worldwide HPC customers, using DDN storage alongside Inspur servers, networking, software and services. Inspur is the third of three main Chinese server and systems suppliers, the others being Huawei and Lenovo. It quotes Gartner stats to say it was the …
Chris Mellor, 18 Jan 2017
Raining money

British Hadoop security startup expands to New York to land big investor

British security startup Panaseer is expanding to New York from London as it plans to land a large American investor in 2017. Panaseer will remain headquartered in London, where it develops its proprietary Security Data Lake to bring "the application of data science, advanced security intelligence and data engineering" to its …
DOor to a bank vault. Photo by Shutterstock

Rethink on bank cybersecurity rules might only follow major bank breach, says expert

It might take a major bank to fail as a result of a cyber attack for meaningful changes in cybersecurity practices, regulation and governance in the UK banking market to be implemented, a leading industry commentator has said. In an interview with Out-Law.com, professor Richard Benham, chairman of the National Cyber Management …
OUT-LAW.COM, 10 Jan 2017

Meet the Tesla of the backup world – Datos IO (no, it doesn't make boxes that catch fire)

Analysis Startup Datos IO is the Tesla of the backup industry, redesigning data protection for distributed apps and focussing on high-end customers with code to solve specific problems no one else can solve anywhere near as well. It now has ten paying customers for its RecoverX distributed database backup product, six months after its …
Chris Mellor, 05 Jan 2017

Support chap's Sonic Screwdriver fixes PC as user fumes in disbelief

On-call Welcome to another festive edition of On-Call, the column in which we recycle readers' horror stories. Today, as we seek something, anything, to write in the pre-Christmas news drought, we bring you a trio of tales from the bulging On-Call inbox. Which we must say is swelling this week: it looks like some of you might not be …
Simon Sharwood, 22 Dec 2016

Wetware disruption transforms Microsoft Australia as MD bails

Microsoft's Australian tentacle has a new leader after managing director Pip Marlow left to take up the position of chief executive officer for Strategic Innovation at financial services outfit Suncorp. All involved are portraying the move as amicable and a little sad, as Marlow didn't put a foot notably wrong since taking up …
Simon Sharwood, 16 Dec 2016

R3 four flew: What's driving banks to flee blockchain consortium?

Analysis The value of distributed ledgers and blockchain tech to the financial sector has again come under the spotlight following the departure of several entities from prominent blockchain consortium R3: namely Goldman Sachs, Santander, Morgan Stanley and the National Australian Bank. All four left the consortium this month, and with …

Symantec doubles down on consumer security by buying LifeLock

Symantec has bought identity theft protection firm LifeLock for $2.3bn. The deal, announced Sunday, represents a brave bid by Symantec to shore up a consumer security business eroded by dwindling anti-virus sales. Selling Norton consumer security alongside identity protection and remediation services from LifeLock will enable …
John Leyden, 21 Nov 2016
cloud

Is that your television? Or a zero client running a virtual desktop?

Teradici's launched a new range of zero clients powered by silicon it did not design, a departure from its usual practice the company hopes will spread its PCoIP protocol far and wide. Teradici's meat and potatoes is virtual workspaces delivered as nothing but pixels: all the compute happens in the server and zero clients do …
Simon Sharwood, 16 Nov 2016

Stanford team behind NSX and OpenFlow spawns network modelling startup

The Stanford University research team that gave the world OpenFlow and VMware's NSX has spawned another interesting startup: Forward Networks de-cloaked on Monday US time with a network modelling technology. The company's tools let you take a snapshot of your networks and then build a working simulation in software. “Think …
Simon Sharwood, 15 Nov 2016
Noah's Ark

Arkivum's new CEO gets £3m cash boost to play with – now what?

Interview Arkivum has gained £3m funding after appointing a new CEO. The firm is in the AaaS business, archiving as a service. When Guy Yaniv became CEO in June, the previous grand fromage, Jim Cook, became Chief Customer Officer. But he left in October and is now a Project Lead at Genomics England. We asked Arkivum some questions, …
Chris Mellor, 14 Nov 2016
The Register Roundtable Room at The Soho Hotel

CIOs: VDI? Maybe, just maybe, it really will be different this time...

Register Roundtable Sometimes technology visions bubble along under the radar, quite often scorned then, following a change of name or emphasis, ubiquitous. Utility computing became the cloud, and we know how that’s taken off. Groupware became collaboration. Thin clients have morphed into VDI, and… Well, seems like a good time to get a bunch of …
Joe Fay, 11 Nov 2016
Speed

Iguazio: Made from Kia parts but faster than a Ferrari with 1,000 drivers

Backgrounder We introduced Iguazio in September. Assembled hacks were given a deep dive into the company at its Herzliya, Israel HQ this week. The name refers to the Iguazu falls in South America; it means big water, and we had a technology drenching, some of which I remembered when I came up gasping for air. The starting …
Chris Mellor, 10 Nov 2016
HP's forthcoming Elite X3 Windows Phone

Everything you need to know about HP's three-in-one x3 deals

Is HP’s ambitious 3-in-one phablet replacement for PCs for you? Probably not for most of you, you may gather, but it does make for a fascinating proposition, and obvious sense for some workers wrestling with cumbersome old kit. HP explained to us how this week – with more details of how much all this will cost. The idea is to …
Andrew Orlowski, 28 Oct 2016

Divide the internet into compartments to save us from the IoT fail whale

The best way of protecting us from Internet of Things botnets is to compartmentalise the entire internet, Intel’s chief architect for IoT security solutions has said. Sven Schrecker, speaking exclusively to The Register at IoT Solutions World Congress in Barcelona, also branded the potential impact of IoT botnets as ‘“ …
Gareth Corfield, 27 Oct 2016
Passenger plane exploding on the gournd

Data ethics in IoT? Pff, you and your silly notions of privacy

IoT World Congress The future of personal data sharing is that “everything will become as-a-service” and nobody will own any property outright ever again, a gloomy lawyer told a wide-ranging data ethics discussion at IoT Solutions World Congress this afternoon in Barcelona. Painting this cheery picture was Giulio Coraggio of international law …
Gareth Corfield, 26 Oct 2016
Cartoon - Private SNAFU

First World Problems: John Lewis clients forced to re-register after website 'upgrade'

Customers of John Lewis Financial Services in the UK are still being forced to re-register for the service after a "recent website upgrade" accidentally downgraded the service. John Lewis Finance tried to migrate its online platform a fortnight ago, but is still experiencing "teething issues" leaving customers fearing they had …
Trading exchange, photo via Shutterstock

UK fintech firm reaches for Ireland Brexit escape hatch

A UK fin-tech firm will seek regulation in Ireland if the government doesn’t preserve financial services passporting rights in its EU exit talks. Regulation in Ireland would allow LMAX Exchange, which describes itself as “one of the UK’s fastest growing technology firms”, to keep doing business with other EU member states. …
Gavin Clarke, 21 Oct 2016
chicago_crop_648

Chicago DC for Digital Realty

Digital Realty has decided to build a new data center in Chicago, and claims the facility will be the eighth largest in the world. The new bit barn will offer "698,000 square feet and 54 megawatts of utility load" and will be 12 stories tall. Chicago's financial services community is the target for the new facility, which is …
Simon Sharwood, 19 Oct 2016
Morgan Stanley

SimpliVity sheds staff, rattles tin for another $100m from investors

+Comment Hyper-converged infrastructure appliance vendor SimpliVity is working with Morgan Stanley to get more private funding and to launch an IPO possibly in 2017. It has also laid people off. SimpliVity has been making cuts while looking for $100m in extra cash, a source familiar with the matter has told The Register. We have seen …
Chris Mellor, 19 Oct 2016

Brexit killed any hopes of growth in global technology spending

IT vendors across the world can blame Nigel, Boris and other pro-Brexiteers for a reduction in the amount of money that will be splashed on tech in 2016, at least that’s where mages at Gartner have laid the blame. Customers are expected to cough $3.387 trillion on IT this calendar year, which if correct - and it's a big if - …
Paul Kunert, 19 Oct 2016
Bank vault

It's good to talk, UK banks told after massaging cyberattack figures

Top techies at British banks are being encouraged to share information about cyberattacks following revelations that the financial sector is under-reporting breaches to regulators. According to the UK's Financial Conduct Authority, only five attacks were reported in 2014, a figure that has soared to 75 so far this year. But …
John Leyden, 18 Oct 2016
casino_security_648

In 2020, biz will chuck $100bn+ at protecting itself online

Security spending is predicted to grow from $73.7bn in 2016 to $101.6bn in 2020, according to analysts. This compound annual growth rate of 8.3 per cent, more than twice the rate of overall IT spending growth, will be increased security spending in healthcare as well as continued strong demand in banking and government. The …
John Leyden, 14 Oct 2016
League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC

British jobs for British people: UK tech rejects PM May’s nativist hiring agenda

Comment “If you believe you’re a citizen of the world, you’re a citizen of nowhere. You don’t understand what the very word ‘citizenship’ means." So British Prime Minister Theresa May told her party’s conference last week. Home secretary Amber Rudd laid out plans at the conference to make it harder for British employers to hire …
Gavin Clarke, 13 Oct 2016
SAP logo

SAP Australia's MD and COO both resign to 'pursue opportunities outside the company'

SAP's Australia/New Zealand tentacle is on the hunt for new senior leaders after its general manager and chief operating officer (COO) both handed in their resignation and “ decided to pursue opportunities outside the company.” No permanent replacements have been announced for former managing director John Ruthven and former …
Simon Sharwood, 11 Oct 2016
Penguins in mist, photo via Shutterstock

Hyperledger chain gang man explains Penguins' blockchain play

LinuxCon, Berlin Jim Zemlin raises an eyebrow when I say Hyperledger is rather outside Linux Foundation's usual domain, being a bit, er, consumery. “It’s totally enterprise,” the Foundation's executive director tells me. “It’s infrastructure.” Just like Linux, he reckons. Hyperledger is the layer above the operating system, above Linux. Linux …
Gavin Clarke, 06 Oct 2016

Mastercard rolls out pay-by-selfie across Europe

Analysis MasterCard’s "selfie pay" will be coming to Europe next year after trials in the US, Canada and the Netherlands. The financial services firm  is rolling out biometric technologies that will allow European consumers to authenticate their identity without a password, but with a selfie, in order to provide customers with a more …
John Leyden, 05 Oct 2016
you_fail_extended_648

Parliamentary watchdog: Bank IT concerns not yet addressed

Concerns about the security and resilience of bank IT systems have not yet been addressed, a prominent MP has said in a letter to UK regulators. Andrew Tyrie, chairman of the Treasury Committee in the UK House of Commons, asked Andrew Bailey (4-page / 215KB PDF), chief executive of the Financial Conduct Authority (FCA), and …
OUT-LAW.COM, 05 Oct 2016
Watson Power7 cluster. Pic: IBM

Regulatory compliance problems? Promontory, my dear Watson

Never mind cancer research or climate change: IBM is finally bringing its Watson AI technology to bear on one of the real challenges still facing human civilisation – regulatory compliance. Big Blue has announced plans to snarf up Promontory Financial Group, a risk management and regulatory compliance consultancy, and combine …
Dan Robinson, 03 Oct 2016

Startup iguazio launches NVMe-propelled missile at enterprise analytics

iguazio’s Data-as-a-Service Enterprise Data Cloud converges different storage access protocols and use cases behind an access abstraction layer and claims to out-perform Amazon and all-flash filers at lower costs. The startup’s pitch is that Big Data analytics data, input, extraction, loading and storing is grossly complex and …
Chris Mellor, 27 Sep 2016
Image by gyn9037 http://www.shutterstock.com/gallery-691846p1.html

Valid logins to your workplace are on the net, right now

Enterprises are almost universally open to intrusion attempts with stolen credentials, and are at increased risk from compromised smartphones thanks to a spike in device malware. The findings stem from two separate studies. Digital Shadows research [PDF] reveals 97 percent of the Fortune top 1000 largest companies face …
Team Register, 23 Sep 2016
Cloudy shopping trolley in the sky (representing cloud sales/procurement). Photo by Shutterstock

Microsoft cuts ribbon on Euro cloud bit barn for Office 365, Azure

Microsoft has started to serve up Azure services from a new cloud region in Germany – operated under the supervision of a data trustee – to pitch for European punters with concerns about security and data sovereignty. Redmond's plans for expanding its cloud footprint were confirmed last year by CEO Satya Nadella, and included …
Paul Kunert, 21 Sep 2016

Hewlett Packard Enterprise bigwig chuckles at talk of buyout talks

The number two at Hewlett Packard Enterprise has brushed off talk the slimmed-down organisation could be vulnerable to a takeover, as the company is again linked with “possible” buyers - this time around Huawei, Lenovo, Oracle, Cisco and, er, Dell. Antonio Neri, executive veep and general manager for the Enterprise Group, told …
Paul Kunert, 21 Sep 2016
Privacy image

65 expert speakers reveal secure identity management solutions at Biometrics 2016

Promo Need to know to more about the role of biometrics, such as fingerprint, DNA, facial and iris recognition, in identity management? Sign up now for Biometrics 2016, three days of expert insight and discussion in the heart of London from 18 to 20 October 2016. You can get more information and sign up at Biometrics 2016 but here …
David Gordon, 14 Sep 2016

HPE EMEA boss confirms shuffling of exec deck

HPE GPC '16 Hewlett Packard Enterprise’s latest EMEA chief has lined up his generals and the divisions they will run from the start of the new fiscal year beginning November. Andy Isherwood, who replaced Peter Ryan as senior veep for the Enterprise Group and MD for EMEA in July, is preparing for life after Enterprise Services and the …
Paul Kunert, 14 Sep 2016

Waters named HPE boss on his 40th b'day

White smoke emanated from the towers at Hewlett Packard Enterprise’s London-based digs yesterday as Marc Waters was ordained leader of UK and Ireland ops. The permanent job offer always seemed on the cards when Waters was made acting MD in July, taking over from Andy Isherwood, who was himself elevated to EMEA boss in a …
Paul Kunert, 13 Sep 2016
dog noses around in fridge. photo by Shutterstock

Self-stocking internet fridge faces a delivery come down

Something for the Weekend, Sir? In the future, I will keep a vibrator in my shoes. This will allow me to walk down the street without having to hold it in my hands or stick it into my ear. My satnav smartphone, that is. With the help of Hi-Tec’s Navigator, vibrating pods in my footwear will guide me left and right along my walking route without recourse to …
Alistair Dabbs, 09 Sep 2016

HPE crams unloved software down Brits' throats – then charges them $9bn to swallow it

Hewlett Packard Enterprise will eject its non-core software business in what it calls an $8.8bn "spin merge" deal with UK-based Micro Focus. HPE's big data, security, and IT management products – including some of its ex-Autonomy assets – will be spun out into a new company that will merge with Micro Focus. That's a software …
Shaun Nichols, 08 Sep 2016
Theresa May photo by Frederic Legrand COMEO via Shutterstock

Nul points: PM May's post-Brexit EU immigration options

Comment After a summer of vagueness, prime minister Theresa May is starting to define Brexit, with controlling immigration at the top of her list. That is likely to mean ending the freedom of European nationals* to work in Britain on the same basis as the locals – which will have a major impact on the many British IT employers who draw …
SA Mathieson, 05 Sep 2016

Extra Bacon? Yes please, even though the Cisco bug of this name is bad for you

Tens of thousands of Cisco ASA firewalls are vulnerable to an authentication bypass exploit thought to have been cooked up by the United States National Security Agency (NSA). The "Extra Bacon" exploit was one of many found as part of an Equation Group cache leaked by a hacking outfit calling itself the Shadow Brokers. …
Darren Pauli, 05 Sep 2016

Dell's new story: Goldilocks and the three virtual infrastructures

Dell's decided the world needs something between roll-your-own infrastructure and converged infrastructure's insistence on controlling exactly what's inside a chassis down to the last screw. The result is something Dell's calling a “Validated System for Virtualization.” Like a converged system, a validated system will ship …
Simon Sharwood, 30 Aug 2016