News
IT for financial services
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December 03, 2020
03
Dec'20
Lax Android app developers putting millions of users at risk
Eight months after Google patched a critical vulnerability, developers have failed to update their apps, putting millions of users of apps such as dating services Bumble and Grindr at risk
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December 02, 2020
02
Dec'20
CIO interview: John Davison, First Central Group
For the last nine years, John Davison has provided an IT strategy to drive business operations. Automation is the next phase of that strategy
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December 01, 2020
01
Dec'20
ABN Amro to sell head office as it focuses on enabling remote working
Dutch bank is selling its head office and redesigning another facility to facilitate increased home working
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December 01, 2020
01
Dec'20
22,000 malicious .uk domains suspended in past year
Nominet has suspended just over 22,000 domains in the 12 months to 31 October 2020, continuing a downward trend, and with less impact from Covid-19 than might be expected
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December 01, 2020
01
Dec'20
Government covers its ears as complaint by victims of Post Office abuse heads to ombudsman
Government denies responsibility for the abuse inflicted on subpostmasters by the Post Office over faulty IT system
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November 30, 2020
30
Nov'20
$60m Middle East tech fund targets 120 startups
Venture capital fund expects rapid regional technology growth in the post-Covid-19 world
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November 27, 2020
27
Nov'20
CIO interview: Simon Bateman, Allica Bank
Challenger bank has built its entire core banking system from scratch using the Azure public cloud and an API ecosystem
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November 26, 2020
26
Nov'20
Data safes will give users control over their data
Belgian computer scientist tells Computer Weekly how people can regain control of their online personal information
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November 26, 2020
26
Nov'20
Robots taking jobs, but creating careers
Robotic process automation developers tell Computer Weekly about the job they never expected to be doing
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November 25, 2020
25
Nov'20
Securing UK’s critical national infrastructure is a 2021 priority
Government outlines the UK’s strategic cyber security policies for the coming 12 months, with critical national infrastructure a clear priority
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November 24, 2020
24
Nov'20
Fintechs take stock amid economic shocks
Survey reveals that the top priority for 10% of UK fintechs next year will be to survive the double blow of Covid-19 and Brexit
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November 23, 2020
23
Nov'20
Finnish finance giant pilots fingerprint payments
OP Financial introduces biometric security technology to enable higher-value payments to be made safely using contactless cards
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November 17, 2020
17
Nov'20
HMRC warns over uptick in Self Assessment tax scams
HMRC issues updated warnings as 2021 Self Assessment deadlines loom
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November 17, 2020
17
Nov'20
Financial services data volumes heighten risk of insider breach
Financial services organisations hold so much data that it is becoming virtually impossible to safeguard properly against data breaches caused by malicious or careless employees
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November 13, 2020
13
Nov'20
IT Priorities 2020: European IT budget share reflects home-working challenges brought by Covid
European organisations are being forced to redivert more limited budgets during the pandemic
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November 13, 2020
13
Nov'20
Ticketmaster fined £1.25m by ICO for failing to protect customer data
Ticket website’s customer data was exposed through an attack on a third-party chatbot
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November 13, 2020
13
Nov'20
UKtech50 2021: Help us find the most influential people in UK IT
Computer Weekly’s annual search for the 50 most influential people in UK IT is on – let us know who you would like to nominate for this year’s list
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November 12, 2020
12
Nov'20
Financial Stability Board says it’s time to talk about IT outsourcing risks
International organisation that monitors the finance sector asks for the industry to discuss the risks that IT outsourcing brings to the sector
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November 12, 2020
12
Nov'20
TCS acquires Prudential Financial tech operation unit for free
Hot on the heels of its €1 acquisition of Deutsche Bank’s Postbank Systems IT unit, TCS has taken on 1,500 people from the insurance giant’s Ireland-based IT unit
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November 11, 2020
11
Nov'20
Tim Berners-Lee startup releases decentralisation tech to enterprises
Roll-out of Inrupt’s decentralised privacy technology to four large organisations is helping the startup to develop explicit use cases, which it hopes will prove the tech and lead to faster adoption
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November 11, 2020
11
Nov'20
Norway has lowest physical cash use in the world, says report
Norway claims to use less cash as a proportion of total spending than any other country across the globe, according to a study by its central bank
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November 11, 2020
11
Nov'20
Lack of openness on Horizon errors remains as Fujitsu refuses to explain latest outage
Subpostmasters are being kept in the dark about errors in the branch computer system they use, despite the Post Office and Fujitsu being slammed in court over their lack of openness
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November 10, 2020
10
Nov'20
Deutsche Bank to sell retail banking IT unit to TCS for €1
Deutsche Bank has agreed to sell its retail banking IT operation to one of its main IT suppliers for a token €1
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November 09, 2020
09
Nov'20
Tampere’s perfect storm triggers a startup revolution
Previously a hub for Nokia and Microsoft, Finland’s second-largest city is capitalising on a wealth of technical knowhow to become the dark horse of the Nordic startup scene
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November 05, 2020
05
Nov'20
Consumer rights organisation warns of computer takeover scams
Consumers warned to be on guard against criminals pretending to be IT support staff to gain access to personal banking information
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November 05, 2020
05
Nov'20
BBVA creates market information infrastructure on AWS cloud
Spanish bank BBVA is using Amazon Web Services to give its traders better access to market data following a project which also involved data provider Bloomberg
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November 05, 2020
05
Nov'20
Mastercard: Looks like a tech firm, acts like a tech firm, is a tech firm
Financial services giant finds itself in a prominent position as the volume of digital transactions increases
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November 04, 2020
04
Nov'20
Nordic countries to develop common digital system
Common digital platform will help small and medium-sized enterprises across the Nordic region with data sharing
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November 04, 2020
04
Nov'20
Contractors claim IR35 reforms pose ‘bigger threat’ to their livelihoods than Covid-19 or Brexit
Latest poll by contractor tax consultancy Qdos suggests freelancers are less concerned about the threat the coronavirus and Brexit pose to their businesses than the havoc the IR35 private sector reforms might cause
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November 03, 2020
03
Nov'20
Robot lawyer gets Sberbank role
Russia's largest state-owned bank creates a robot lawyer to reduce the time taken to process documents and make decisions based on them
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November 02, 2020
02
Nov'20
Finnish government rolls out digital projects to support SMEs
Finland is set to create network of technology hubs that will support SMEs in the country, as well as create links across the EU
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October 27, 2020
27
Oct'20
ICO slams Experian over ‘invisible’ data processing
Data processing practices used by Experian broke data protection law, says Information Commissioner’s Office
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October 27, 2020
27
Oct'20
Covid crisis proves tech can replace office space and support cost-cutting at Barclays
Bank says it will continue to look at its use of office space as it targets further cost-cutting measures
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October 26, 2020
26
Oct'20
Dutch government ‘unambitious’ in digital
The Netherlands has been working at home as much as possible since the outbreak of Covid-19, but its dependence on technology and connectivity does not seem to be reflected by the government’s approach to digitisation
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October 26, 2020
26
Oct'20
Cooperation between Norway’s security agencies planned following cyber attack on parliament
Government seeks to develop enhanced national IT infrastructure with an embedded early warning system and defence shield to protect the IT systems of public and private organisations
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October 23, 2020
23
Oct'20
Deutsche Bank in talks over sale of IT unit to TCS
German bank is said to be in negotiations to sell its retail banking IT operation to Indian IT giant
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October 22, 2020
22
Oct'20
Nordic countries in denial over IT industry equality
Arriving in Denmark to find she was the only woman on a computer science master’s course was a shock to Plamena Cherneva
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October 22, 2020
22
Oct'20
ANZ Bank moves digital banking services to container platform
Australia’s largest bank now runs 30% of its internet banking services on Red Hat OpenShift in a move that has energised developers and paved the way for more automation
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October 21, 2020
21
Oct'20
Financial services staff want work-from-home policies to continue after Covid
About half of workers in the finance sector want their employers to retain remote working policies brought in during the pandemic
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October 19, 2020
19
Oct'20
London’s fintechs continue to attract investment
The capital’s fintechs continue to attract large volumes of venture capital funds despite the global economic slowdown
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October 19, 2020
19
Oct'20
Estonian rude awakening spurs tech startup activity
Money laundering scandal in Estonia has sparked tech startup activity in the Baltic country as banks look for answers
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October 16, 2020
16
Oct'20
UK announces proposals to protect cash amid evolution of digital payments
Government wants to ensure access to physical currency by consumers at retailers of all sizes
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October 16, 2020
16
Oct'20
CIO interview: Generali’s Yanna Winter on the power of data integration
Yanna Winter, CIO and head of IT at insurance firm Generali, discusses how to slice up the legacy IT elephant in the room to enable data-driven applications
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October 14, 2020
14
Oct'20
Fintech ‘unicorn’ Klarna probed over data misuse
Online bank blames misuse of user data on human error as Information Commissioner’s Office weighs in
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October 12, 2020
12
Oct'20
Challenger bank accessing latest anti-money laundering technology through fintech
Challenger banks works with fintech to support its anti-money laundering efforts
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October 12, 2020
12
Oct'20
UK economy could see blockchain boost worth £57bn by 2030
Blockchain could provide major economic benefits by being used to track and trace products and services
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October 09, 2020
09
Oct'20
Magecart strikes website of school payments service Wisepay
Magecart credit card skimmer harvested financial data of users of Wisepay’s platform over a two-day period
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October 07, 2020
07
Oct'20
Consumers find new payment methods during pandemic
Non-cash payments have grown at their fastest rate for a decade and due to Covid-19 restrictions, more people are discovering different ways to pay
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October 07, 2020
07
Oct'20
UK accounts for 45% of Europe’s card fraud as criminals target online transactions
Payment card fraudsters steal €1.5bn, with card-not-present attacks accounting for three-quarters of this sum
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October 05, 2020
05
Oct'20
HMRC warns locked-down freshers of ‘wave’ of tax scams
New university intake may be being targeted by cyber criminals amid Covid-19 confusion