Voca, formerly Bacs, the electronic payments engine for the UK economy, has deployed digital vaulting technology from Cyber-Ark for secure password management. Voca selected Cyber-Ark’s Network Vault to store, share and centrally manage its administrative passwords for its hundreds of servers and switches that run business operations for the whole of Voca, operating around the clock. With the introduction of a new payment processing channel, Bacstel-IP, running back to back with the old system, as well as relocating its head office and processing centre, Voca had outgrown its paper-based password management system and needed to replace it with an automated and secure digital system. Like many financial institutions Voca had used physical safes to store over 800 administrative passwords, relying on a team of people to authorise, track and administer the passwords. Following a trial, Voca’s Business Continuity and Security Assurance team rolled out Cyber-Ark’s Network Vault in January 2005.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more