City has failed on unfit IT systems

Banks are using computer systems that are “unfit for purpose” and as a result have little idea what is going on inside their own businesses, according to a new in-depth report on the technological problems facing the industry.


Banks told to fix systems after RBS crash

British banks will come under pressure from the City regulator to upgrade their dated IT systems following the failure that engulfed Royal Bank of Scotland a month ago.


SS&C Technologies picks up SIM mandate

The mandate was announced this week with SS&C Technologies' Australian managing director Phil Banas saying SIML had chosen to partner with his firm via its Global Wealth Platform.


Technology takes center stage in wealth management

Financial Planning can be done on IPads, investment research materials or price alerts will be sent from client websites, or have the information pushed via short message service, emails or mobile applications.