Connect with us

E-Business

IBM, Accenture & Cisco Top 2017 IDC FI FinTech Rankings Enterprise

Published

on

accenture.jpg

IDC Financial Insights has announced the 2017 IDC FinTech Rankings and Real Results, the 14th and 3rd annual respectively with IBM, Accenture; Cisco Systems, Inc. occupying the top three enterprise ranking.

The annual IDC FinTech Rankings evaluate global technology providers of hardware, software, and IT services.

This analysis of revenues derived from the financial services industry creates meaningful rankings and puts the information in the context of industry trends that affect both the institutions that buy technology and the companies that provide IT solutions to the industry. The IDC FinTech Rankings Real Results case study format entries are evaluated by a panel of financial services executives and IDC Financial Insights analysts globally and awarded to the companies that demonstrate innovation and results at a financial institution client.

IDC Financial Insights will formally announce the final rankings at an invitation-only reception on the first night of the 2017 FinovateFall Conference at the New York Hilton Midtown. Finovate is the only conference series focused exclusively on showcasing the best and most innovative new financial and banking technologies.

“We are honored to be at the top of this prestigious global rankings as it validates our focused strategy and the investments we continue to make in innovative new solutions that solve critical problems for financial institutions around the world,” said FIS President and Chief Executive Officer Gary Norcross.

IDC Financial Insights’ unmatched breadth and depth of industry expertise in global financial services, coupled with more than a decade of compiling the IDC FinTech Rankings, is what differentiates the IDC FinTech Rankings program.

This keen insight helps the team at IDC Financial Insights offer client institutions – banks, capital market firms, and insurance companies – with the insight needed to drive strategic IT investment decisions.

“We are thrilled to announce the 2017 IDC FinTech Rankings and Real Results, and congratulate the global financial services technology leaders exemplified,” said Karen Massey, senior analyst, IDC Financial Insights. “The financial services industry is currently faced with a disruptive landscape and changing consumer behaviors. The IDC FinTech Rankings represent those IT providers that have demonstrated success and are poised to take their financial institution clients to the next level of innovation and transformation.”

The 2017 IDC FI FinTech Rankings Top 10 include FIS, Tata Consultancy Services, Fiserv, Inc., Cognizant Technology Solutions, NTT DATA. Diebold Nixdorf, Infosys, Limited, NCR Corporation, Total System Services, Inc. (TSYS) and Nomura Research Institute, Ltd.

Also, the 2017 IDC Fintech Rankings Real Results Overall Winner as announced is GFT Technologies.

 

 

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

E-Business

Visa Launches ID Intelligence for Smarter Customer Authentication

Published

on

Visa has launched Visa ID Intelligence, a platform that lets issuers, acquirers and merchants quickly adopt emerging authentication technologies, according to a press release.

Available through Visa Developer Platform, Visa ID Intelligence offers a curated selection of third-party authentication technologies that feature simple integration with Visa APIs and SDKs. This allows clients to create, test and adopt new authentication solutions.

This ultimately helps financial institutions and merchants to adopt effective and secure solutions and accelerate time-to-market with streamlined on boarding and implementation through Visa as a single trusted source, the company said.

Visa ID Intelligence features include: Identity Documents— the platform evaluates identification documents and matches selfies to photo IDs, while extracting document information and converting it into digital form.

Uses include creating new accounts, and performing password reset and lost or stolen card replacement.

-Biometrics — Visa ID Intelligence allows clients to use eye, face, fingerprint and voice to meet consumer needs for convenience, security and speed in authentication.

Uses include app login, payments, step-up authentication, and more.

“Traditional methods for authenticating a customer can create frustration or are simply not designed for the new ways people are shopping and paying. We built Visa ID Intelligence to help accelerate smarter and easy-to-use authentication solutions for any commerce environment — to better protect against fraud and to move closer to a world without passwords,” Mark Nelson, Visa senior vice president of risk and authentication products, said in the release.

Continue Reading

E-Business

ESET Works With Google To Protect Chrome Against Dangerous Malware

Published

on

By peter oluka

ESET, a leading global cybersecurity company, on Thursday launches Chrome Cleanup, a new scanner and cleaner for Google Chrome designed to help users browse the web safely and without interruption.

Chrome Cleanup will be available for all Google Chrome users running on Windows.

As cyber-attacks become more complex and difficult to spot, browsing the web can lead users to dangerous sites which can install malicious software onto devices.

Chrome Cleanup will alert Google Chrome users to potential threats when it detects unwanted software.

Google Chrome will then give users the option to remove the software. Chrome Cleanup operates in the background, without visibility or interruptions to the user. It deletes the software and notifies the user once the cleanup has been successfully completed.

“Using the internet should always be a smooth and safe experience for everyone,” said Juraj Malcho, chief technology officer at ESET. “For three decades, ESET has developed a number of security solutions that allow users to safely enjoy their technology and to mitigate a variety of cyber threats. Chrome Cleanup addresses unwanted software that can negatively influence a users’ experience on the internet.”

Chrome Cleanup is included in the latest version of Google Chrome. For more information about these tools, read Google’s blog post, here.

For 30 years, ESET® has been developing industry-leading IT security software and services for businesses and consumers worldwide.

With solutions ranging from endpoint and mobile security, to encryption and two-factor authentication, ESET’s high-performing, easy-to-use products give consumers and businesses the peace of mind to enjoy the full potential of their technology.

ESET unobtrusively protects and monitors 24/7, updating defenses in real-time to keep users safe and businesses running without interruption. Evolving threats require an evolving IT security company.

Backed by R&D centers worldwide, ESET becomes the first IT security company to earn 100 Virus Bulletin VB100awards, identifying every single “in-the-wild” malware without interruption since 2003.

Continue Reading

E-Business

A Buyer’s Market in the Global Economics of DDoS Attacks

Published

on

It’s a buyer’s market in the local property arena at the moment, according to certain industry experts.

 

This is largely as a result of the slower economy, which has seen a rise in the number of properties for sale.

 

But did you know that globally, it’s a buyer’s market as well when we look at the economics of Distributed Denial of Service (DDoS) attacks? The second, of course, is an underground market, largely regarded as a criminal one.

 

So said Bryan Hamman, Arbor Network’s territory manager for Sub-Saharan Africa.

 

Referring to recently released information from Arbor Networks, he said, “It is interesting to analyse the current economics in global DDoS attacks, which are attempts to make an online service unavailable by overwhelming it with traffic from multiple sources. Most people who are aware of DDoS attacks understand that there will be a perpetrator and a target.

 

“However, we’re now seeing a growing number of third-party providers of DDoS attacks as a service, who advertise their abilities online in order to either sell would-be attackers access to the tools needed to conduct a DDoS attack, or who perform the attack themselves on the customer’s behalf and provide reports afterwards.”

 

Hamman noted  that the fees of these underworld providers are lessening, due to rapidly expanding competition and the supply of readily available attack resources such as botnets. As a result, he says, the DDoS business is currently a buyer’s market.

 

Arbor reported that the prices for attack services, sometimes called “stressers” or “booters” vary widely, as do estimates of the total cost of an attack to the victim. But the economics are simple: DDoS attacks are becoming cheaper than ever for the perpetrator; are extremely lucrative for the attack service provider, and potentially financially devastating for the target.

 

Arbor noted that an increasing number of operators resemble legitimate service provider infrastructures with significant computing power, typically running their own botnet armies to unleash DDoS attacks. Perpetrators can essentially rent the providers’ botnets by the hour, day or week, or in some cases can buy a specific number of bots outright. The mechanics of transactions follow a classic web service model, meaning the perpetrator and the provider need never come in contact.

 

Providers that conduct attacks-as-a-service even post their services online, with tiered pricing reflecting the different types of attack that they offer. Prices are based on several factors. They can include the duration of the attack, the perceived value of the target, the country in which the attack takes place and/or the different methodologies employed.

 

In Arbor Networks 12th annual Worldwide Infrastructure Security Report, 59 percent of respondents estimated their downtime costs as being more than USD500/ minute in lost revenue (some ZAR6,700 per minute with the rand/dollar exchange rate on around ZAR13.50 to the dollar), with some indicating even higher losses. This also does not factor in the costs of repairing the damage, potential legal costs of settling with customers denied service, or reputational damage to the company’s brand.

 

Hamman concluded, “Here in South Africa, we may not yet face the overtness of DDoS operators advertising their services, as can be seen in the US. However, this does not mean that local companies shouldn’t be vigilant against DDoS attacks – protection is more vital than ever. A hybrid solution that combines on-premises and cloud-based protection is the industry best practice in DDoS defence. When you accept that DDoS attacks aren’t going away, and in fact are projected to escalate, it makes the best economic sense of all to make sure that you are adequately prepared against a DDoS attack.”

 

Continue Reading

Trending

Copyright © 2017 Communication Week Media Limited.