2010 Review: Top 10 financial services IT stories

News Analysis

2010 Review: Top 10 financial services IT stories

Karl Flinders

Financial services firms are the biggest spenders on IT and as such are one of the powerhouses of the UK IT sector.

We look back at the top 10 financial services stories from 2010.

Simple security questions expose details of Barclays' mobile customers

The personal information of millions of people is potentially at risk of exposure on Barclays bank mobile banking site.

Move from Blackberry to iPhone is strategic, says Standard Chartered

Standard Chartered bank says its decision to move employees from the Blackberry to the iPhone is not a reaction to market trends and the so-called "consumerisation of IT".

Barclays hit by insider computer fraud, says IT security chief

Barclays Bank apparently fell victim to an internal computer fraudster who helped an international gang trick young job seekers into opening bank accounts subsequently used to launder money to Canada, said a security expert at the bank.

London Stock Exchange problem was network change mix-up

The two-hour disruption experienced by the London Stock Exchange's Turquoise multilateral trading facility (MTF) this week was the result of an error by a contractor when making a small network change, according to a source close to the company.

Interview: Metro Bank management reveal lean IT strategy

Technology is simply a means to an end at Metro Bank, as the UK's newest retail bank seeks to bring a breath of fresh air to the high street and focus heavily on customer service.

Metro Bank

CIO interview: Standard Life ensures sharper focus on IT revamp

In his first interview as technology chief at the Edinburgh-based insurer Standard Life, Christian Torkington tells Computer Weekly about his transformation agenda.

Outdated IBM procedure crashes Asian bank

Asian bank DBS has revealed that a seven-hour period where banking services were unavailable was caused by a mistake made by an IBM employee while carrying out routine work on a storage system.

RBS UK IT staff morale down as offshoring takes hold

One RBS IT worker told us that the internal jobs board at the bank earlier this week that there were 67 jobs in the technology and services division. But only six were in the UK while the rest were in India.

BT wins back £600m Lloyds Bank network contract

BT has won back the Lloyds Banking Group voice and data network contract that it lost to IBM and Vtesse Networks in 2004.

HSBC mainframe outage causes major HSBC network crash

Customers of HSBC were left unable to use cash machines and online banking following an outage in the bank's mainframe computer.


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