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Top fintech stories this week – 10 March 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

UK’s Financial Conduct Authority suffers IT incident on regulatory data system

FCA

The UK’s Financial Conduct Authority (FCA) had an IT incident on its online system, Gabriel, for collecting and storing regulatory data from firms. Due to the “unexpected IT incident”, it was unable to implement Taxonomy 2.4.1.1, which came into effect on 1 October. Those firms who were required to comply with the Capital Requirements Directive […]

Barclays.Net down and out for UK Bank Holiday weekend

Barclays-PLC

Barclays’ business banking service, Barclays.net, decided it would also take time off during the three-day Bank Holiday weekend in the UK. The system suffered intermittent outages from 29 April until today (3 May), and there were numerous complaints on Twitter from angry users. The impact on customers ranged from trying to pay staff or facing […]

Nasdaq OMX connectivity disaster highlights stumbling markets

Traders have been hit by a  catalogue of failures and crashes at exchanges and brokers

A three-hour trading crash at Nasdaq OMX caused by a connectivity issue has once again put the spotlight on trading technology and the resilience of financial markets, which have been sorely tested in recent months and years.

Early warning for trading failures

Kinsella: early warning could save millions of dollars

Technology companies Verdande and ITRS have developed an early warning system designed to detect trading outages and system failures before they happen.

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