Finance / News

9 Spokes provides business insights service as a white-label offering for bank partners

The aircraft maker failed to perform minimum due diligence in securing its networks, then tried to cover it up, security researcher Chris Kubecka tells Aviation Cyber Security conference attendees.

"It is a correction; it's not a setback," said Dante Disparte, head of policy and communications for the Libra Association, whose 21 remaining members held their inaugural meeting in Geneva.

As more and more organisations shift to using agile working models, the need to be able to quickly scale resources up and down becomes increasingly vital, writes James Fuller of Hnry.

"We face an inevitable world of instant, invisible and free payments, which spells trouble for banks that don't want to be relegated to the plumbing of payments."

Superintendent Rob Cochrane, acting CIO at NZ Police, talks about innovative programmes being developed by cops and ICT teams working side by side

The Instillery and Origin have unveiled plans to merge businesses to create a tech provider capable of challenging tier-1 incumbents in New Zealand.

Group of Seven finance chiefs cast a cloud over prospects for Facebook's Libra digital coin on Wednesday, insisting tough regulatory problems would have to be worked out first.

Prime Minister Boyko Borissov described the arrested man as a "wizard" hacker and said the country should hire similar "unique brains" to work for the state rather than against it

In a sign of widening scrutiny after Facebook Inc's proposed Libra digital coin aroused widespread objection, the bill proposes a fine of $1 million per day for violation of such rules.

“Property funds management typically lags in technology adoption and this partnership with IBM positions us to lead the industry in New Zealand,” says Mark Francis, managing director at Augusta Capital.

The social media giant's move has helped crystallise opinion among central bankers on the urgency of coordinating regulatory responses to financial technology trends.

TSG, with headquarters in Auckland, is noted for its domain expertise in serving the 'subscription economy'

Facebook said last week it wanted to expand into payments and launch its own coin, Libra, by next year.

The Group of Seven economies is looking at Facebook's plans, but no single global authority has taken the lead role so far

The move comes amid heightened concern about a sector, championed by some as a means of shaking off government controls, but seen by central banks as a potential threat to their status as guarantors of the financial system

While Facebook's Libra coin has the potential to disrupt traditional commercial banking by removing the middleman between buyers, sellers and money transfers, it also comes with significant risks.

The latest in a string of thefts from cryptocurrency exchanges around the world

Jane Brewer starts role end of April

The Bank of England has drastically changed how it collects and analyses fast-growing data sets over the past few years, adopting enterprise versions of open source technologies to help it modernise its architecture.