White House Plans Innovation Prize Platform

The government plans to release a Web-based platform for federal agencies to use prizes and challenges to crowdsource innovative approaches to government problems.

Union Bank to Manage Op Risk Using OpenPages

Bank plans to use OpenPages platform to build program to measure and manage operational risk and calculate capital requirements.

CME Group Buys Stake in Mexico’s Exchange Operator

CME Group Inc, parent of the Chicago Mercantile Exchange, said Monday it had taken a 1.9 percent stake in Mexico’s stock exchange operator, building out the global reach of its derivatives trading platform.

Madoff Victims May Appeal Directly to 2nd Circuit

The judge overseeing the liquidation of Ponzi schemer Bernard Madoff’s investment firm has allowed victims unhappy with his ruling on how to calculate their losses to appeal directly to a federal appeals court.

Fully Compliant Social Networking Site For Financial Professionals Launches

LinkedFA, which is compliant with FINRA’s supervision and record keeping regulatory requirements, allows financial advisors, registered representatives, registered investment advisors, insurance advisors and CPAs to interact with investors.

IT Spending Will Rise, But Not Rebound, in 2010, Ovum Says

Most IT budgets to be flat this year.

FICO Service Adjusts Risk Models Based on Economic Conditions

Analytics-based service designed to help lenders improve their risk management practices.

Calif. Man Accused of New York Life Extortion Attempt

A California man angry about a denied insurance claim was arrested and charged with extortion after he sent an email to New York Life threatening to damage its business, federal prosecutors and a company spokesman said Monday.

HP Offers iPad Alternative

Apple won’t have the tablet computer market to itself for long as Hewlett-Packard and others plan Windows 7-based slates.

IT Career Advice: Questions for a Technology Career Expert, Part 2

Q A: This is the second part of an eWEEK interview with technology career expert and author Janice Weinberg. Part 1 of the interview covers resume trends in 2010, job-seeking approaches for laid-off technology professionals and advice on becoming a contractor