Infrastructure Insights


Barclays had "fingers burned” interfacing bots across systems

8th October 2019

Company: bobsguide
Barclays has run into problems when project managing end-to-end system upgrades, according to Martin King, head of process transformation for risk, finance and technology at the UK bank. "Where we have had our fingers burned in the past is where we have tried to interface things like bots with many, many strategic systems across an... read more

Red Hat's Hooley: Banks will “never upgrade old systems” because it’s “too expensive”

30th September 2019

Company: bobsguide
Modernising retail banks’ infrastructure is so time consuming and expensive that many will look to migrate customers to new digital subsidiaries, according to Tim Hooley, chief technologist, EMEA Financial Services at Red Hat. “If you have monolithic software you cannot be innovative,” said Hooley, who was... read more

BoE’s Williams: Banks' third party cyber security worries growing

27th September 2019

Company: bobsguide
Monitoring third party’s cyber security is a growing concern for banks, according to Paul Williams, senior technical advisor, operational risk and resilience at the Bank of England (BoE). “Cyber has been a key topic for the entire duration that I have been in the role at the bank, which has been five or six years,” said... read more

Bitcoin futures market heats up

26th September 2019

Company: bobsguide
Bitcoin futures have been trading for almost two years now – but the marketplace for those trades has been a relatively quiet one. Both the derivatives marketplace CME Group and the Chicago Board Options Exchange (CBOE) introduced rival futures products in December 2017. Yet after a tepid uptake, CBOE abruptly announced it would be... read more

Google’s Breslow: Very little actual financial crime is being detected

25th September 2019

Company: bobsguide
A large portion of financial crime is going undetected due to data problems causing high levels of false positive rates in financial institutions’ fraud detection systems, according to Stuart Breslow, managing director of technology and policy at Google. “The error rate was very gently put as significant,” said Berslow on a... read more

HSBC’s Bloom: The euro is stuck

24th September 2019

Company: bobsguide
The immediate outlook for the euro doesn’t look set to improve, according to David Bloom, head of FX research at HSBC. “We've just recently seen the ECB cut rates and do some fancy QE or whatever it was. They are getting desperate. If you saw the numbers today, they are absolutely awful,” said Bloom at the Sibos conference... read more

Goldman Sachs, Bloomberg streamline analytics for algo future

18th September 2019

Company: bobsguide
Bloomberg’s launch of a new analytics hosting service for algorithmic orders on FXGO rationalises the trade workflow as market participants look to make greater use of automation and data insights. “We’ve seen algo trading increase significantly among our FX clients over the past five years and our expectation is that... read more

It’s a bot’s life

16th September 2019

The LED flickered then glowed, casting its green shadow onto the dust of the worn printed circuit board, known simply as Motherboard. A feint click had preceded the awakening of the power supply, summoned from standby and the temperature began to rise in the system unit. The stamped foil asset label on the casing, smudged on one upturned corner,... read more

Time running out for alternative investment and Ucits funds to implement stress test systems

11th September 2019

Company: bobsguide
A lack of sufficient time to implement liquidity stress testing systems to comply with new European requirements is causing concern among managers of alternative investment funds (AIFs) and undertakings for the collective investment in transferable securities (Ucits) funds, according to a board director of an investment fund and the International... read more

Firms lagging in choosing SFTR systems

10th September 2019

Company: bobsguide
A large portion of the market is yet to choose systems for Securities Financing Transactions Regulations (SFTR) compliance due to uneasiness around interpretations of the rules, according to Herve Carrere, director of post trade product management at Finastra. “We can see that several firms are still in the phase of considering choosing a... read more