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External IT News Round-Up 8/7-8/13

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

Asset management firms can adopt robolike methods to maximize efficiency as price structures change. With investors seeking advisors out online, digital marketing strategies are becoming at least as crucial as in-person sales skills. Learning about cyber criminals’ own cybersecurity precautions may help defend against hacks. And advisors should warn clients to avoid complacency with their security when using financial apps.

8/12/16 11:27 AM / by Robin Brown posted in News, Technology, Trends

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External IT News Round-Up 7/24-7/30

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

Advisors can show clients how it only requires three hours to take their finances completely digital. Financial organizations are objecting to cybersecurity vulnerabilities in the Securities and Exchange Commission’s proposed financial database. Salesforce released CRM upgrades to help advisors comply with the fiduciary rule. And the Financial Industry Regulatory Authority fined Cetera for allegedly failing to notify clients of changes to account records following a computer coding glitch.

7/29/16 2:00 PM / by Robin Brown posted in News, Technology, Trends

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External IT News Round-Up 7/17-7/23

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

The Department of Labor has promised to issue guidelines soon on its new fiduciary rule. Wells Fargo plans to launch a robo advisor next year. Morgan Stanley, meanwhile, is planning to implement other digital platforms. On the whole, large and regional banks are partnering with startups to incorporate robo services. And, in one detailed worst-case scenario, a cyber attack that could cripple the whole financial system may be just a few phishing emails away.

7/22/16 9:49 AM / by Robin Brown posted in News, Technology, Trends

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External IT News Round-Up 7/10-7/16

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

Consolidation and automation over the last decade among large custodian banks may have benefited larger institutions and investors more than smaller ones. Betterment became the first pure-play robo advisor to hit $5 billion in assets under management. The growing presence of robo advisors may in fact pose a threat to human advisors, according to Morgan Stanley. And the U.S. House committee held a hearing with the Federal Deposit Insurance Corporation about its cybersecurity failures over the past year.

7/15/16 12:00 PM / by Robin Brown posted in News, Technology, Trends

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External IT News Round-Up 7/3-7/9

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

More advisors want to become RIAs. The retiring head of Swiss Re reflected on cybersecurity challenges to the reinsurance industry. And, according to predictions, it will soon be unheard of for companies to operate without cloud technology.

7/8/16 10:15 AM / by Robin Brown posted in News, Technology, Trends

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External IT News Round-Up 6/26-7/2

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

The Financial Industry Regulatory Authority fined Deutsche Bank for providing inaccurate and late trade data. The Securities and Exchange Commission proposed a rule that would require RIAs to draft formal succession plans. Stolen logins pose the most serious cybersecurity threat around, and antivirus software cannot protect against it. TD Ameritrade previewed new developments in advisor platforms at its annual technology summit in Dallas. Also in Dallas, court dates have been set for federal suits against the Department of Labor’s fiduciary rule.

7/1/16 8:54 AM / by Robin Brown posted in News, Technology, Trends

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External IT News Round-Up 6/19-25

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

Comedian John Oliver rallied support for the Department of Labor’s fiduciary rule. The Financial Industry Regulatory Authority imposed penalties on transitioning brokers who altered client contact information. Janet Yellen announced the Federal Reserve is increasing safeguards for money transfers. A group of banks signed on to blockchain technology that seeks to make international money transfers more efficient. And the growing use of biometrics in online banking may soon make passwords a thing of the past.

6/24/16 12:19 PM / by Robin Brown posted in News, Technology, Trends

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External IT News Round-Up 6/12-18

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

The CEO of Vanguard gave his take on the DOL fiduciary rule during a discussion at the Morningstar Investment Conference. Deutsche Bank anticipates that one-third of all finance work will head for cloud computing in three years. Analysis of the robo advisor market suggests providers will need many more clients and much more revenue to remain in business over the long term. Morgan Stanley announced plans to improve cash management technology in a bid to gain client wallet share. And investors gave little reaction to the Federal Reserve’s decision to hold interest rates steady, which directly affects advisory clients’ debt portfolios.

6/17/16 10:04 AM / by Robin Brown posted in News, Technology, Trends

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External IT News Round-Up 6/5-6/11

A weekly round-up of everything you need to know. 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

President Obama vetoed a resolution to repeal the Department of Labor’s fiduciary rule. An audit of the Securities and Exchange Commission revealed cybersecurity gaps occurring inside the regulator itself. Meanwhile the SEC fined Morgan Stanley $1 million for failing to protect client data. The Chicago Mercantile Exchange Group is adopting cloud technology to handle its collateral management services. And investors responded this week to the results of a poor U.S. jobs report that complicated the Federal Reserve’s plan to raise interest rates.

6/10/16 11:27 AM / by Robin Brown posted in News, Technology, Trends

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External IT News Round-Up 5/29-6/4

A weekly round-up of everything you need to know.

 

As an added service for our blog readers, External IT provides a weekly round-up of the stories you need to know in the financial industry. 

Nine national and regional organizations have filed a lawsuit against the Department of Labor’s fiduciary rule. The Federal Reserve revealed that dozens of cyber attacks had breached its defenses during the previous five years. Wealthy clients may be growing dissatisfied with the technological deficiencies they perceive among their financial advisors. JPMorgan’s chief information officer shared his views on cybersecurity and fintech partnerships. And the robo platform Wealthfront is using exchange-traded funds to expand into college savings plans.

6/2/16 3:58 PM / by Robin Brown posted in News, Technology, Trends

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