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Company: Oracle
Sectors explained – IT in Finance
The right technology is often the differentiating factor in giving a financial services company the edge over its competitors. It can also help the organisation save money, so financial firms are among the biggest spenders on IT. Investment banks, retail banks, fund managers, brokers and insurance firms all spend billions on technology. By the end [...]
This financial services consultancy is looking to grow its IT headcount by 25%
Pressure to shake-up technology because of a raft of new regulatory reporting requirements has forced many investment banks to re-direct IT budgets towards these mandatory projects. In some cases, as we’ve mentioned previously, banks have started to recruit technologists in-house. However, some are turning to specialist consultancies which are in turn seeing a healthy new [...]
GUEST COMMENT: Put down the Java manual, walk away slowly, do it now
Java is so hugely important that Oracle and Google are locked in a fight to the death with Oracle claiming more in financial damage than the cost to NY of 9/11 There are more Java developers than citizens of Britain and France put together and more job ads for Java than any other programming language. [...]
Why more tech vendors, rather than banks, are recruiting IT professionals
Working for a financial services technology vendor is generally considered something IT professionals do in the early stages of their careers, before moving to a more lucrative roles within an investment bank. However, this flow of talent could soon be reversed. While investment banks are generally scaling back their IT hiring plans this year, technology [...]
Are financial services firms learning to love cloud computing?
Whether you believe cloud computing is a brave new world or another IT industry hype, financial services firms have generally been reluctant to embrace it. But, in these austere times, this reticence is slowly ebbing away. If anything, the latest financial services firm to embrace cloud computing makes it seem a little worrying. State Street [...]
REAL GRADUATE RECRUITERS REACT TO REAL GRADUATE CVs: The sales applicant
As part of an exciting new exercise in graduate CV improvement, a selection of graduate recruiters in investment banks have agreed to comment on the CVs of some of the students visiting our site. This week’s CV is from an anonymous student applying for broking and sales roles in investment banks. The graduate recruiters who’ve [...]
Reasons to believe fintech professionals shouldn’t jump into risk IT
The argument runs something like this – European financial institutions remain laggards when it comes to investing in risk management technology, bountiful opportunities continue to emerge for a limited supply of techies which means salaries are on the up, and this is swaying more people across to work there. However, salary increases are still failing [...]
Can vendor recruitment survive the downturn?
Recruitment at financial technology vendors has been a relative hive of activity this year, and revenues are holding up in the face of shrinking technology budgets at investment banks. However, doubts remain over how long this can continue. Some of the bigger players have posted impressive growth during the third quarter. Oracle Financial Services Software [...]
IT opportunities in the land of Oz
With European banks tightening their belts when it comes to IT budgets, techies might want to consider a move down under. Australian retail banks look set to splurge and are jostling for candidates for hundreds of new positions. Firms are planning to upgrade their IT systems and are going to spend lots of money doing [...]
Dealing with the data explosion
Data storage is going through the roof, and banks are grappling for IT experts to help them manage it. A report by technology consultants Bearing Point says that financial institutions are focusing on data management because of compliance issues surrounding regulation like MiFID, Basel II, Sarbanes Oxley and the US National Market System, all of [...]
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