article thumbnail

Weekend maintenance kicks an Italian bank offline for days

The Pragmatic Engineer

Sella is a mid-sized bank in Italy with around $14B in assets under management. The Sella banking app, the Sella Invest app, and internet banking are all down. So, it seems all the banks’ digital properties, except those for trading, have gone down hard. It all suggests there was an unexpected edge case.

Banking 210
article thumbnail

The Collapse of Silicon Valley Bank

The Pragmatic Engineer

In case you somehow missed it: we went through the fastest bank run in history, in an event that impacted about half of all VC-funded startups in the US and UK. ” There was no certainty for startups with money in Silicon Valley Bank. Deposits in Silicon Valley Bank, 1991-2023. The bank was founded in 1983.

Banking 182
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cybersecurity in Banking: Importance, Threats, Challenges

Knowledge Hut

As we transition to a digital economy, cybersecurity in banking is becoming a serious concern. The effectiveness of cybersecurity in banks influences the safety of our Personally Identifiable Information (PII), whether it be an unintentional breach or a well-planned cyberattack. What is Cybersecurity in Banking? billion by 2029.

Banking 98
article thumbnail

Cyber Safe Behaviour In Banking Systems

U-Next

As my thoughts started wandering around our Banking systems and Cosmos Bank Cyber-attack 2018. The main target for cyber frauds is the financial sector and, on the hit list is the banking industry which is most exposed to these crimes. Discussions over coffee breaks with my team are always enlightening.

Banking 74
article thumbnail

Modernizing Core Banking Systems With Confluent

Confluent

Learn how Confluent helps financial services modernize core banking processes, transforming mainframe data to a modern real-time data streaming platform.

Banking 73
article thumbnail

How Open Banking is reshaping the sector by Andrew Carr

Scott Logic

I wrote recently about what the future holds for Open Banking in the US. The term ‘world-leading’ is a bit of a cliché, but when it comes to Open Banking, the UK has genuinely led the way. We’re now over five years into the Open Banking era in the UK. How is it reshaping the banking sector, and what’s coming next?

Banking 52
article thumbnail

How Alex Bank built a real-time banking experience with Confluent

Confluent

Learn how Australia’s Alex Bank leveraged real-time streaming to create a data-driven, customer-focused banking experience.

Banking 52