News
IT for financial services
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May 23, 2023
23
May'23
Visa to recruit 1,500 tech staff in Poland
Visa’s latest global tech hub will recruit up to 1,500 staff, with focus on artificial intelligence, cyber security, and resilience in payments and ecommerce sectors
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May 10, 2023
10
May'23
UKtech50 2023: Vote for the most influential person in UK technology
Our judges have selected the top 50 leaders from a shortlist of more than 300 people – now it’s your chance to tell us who you think is the most influential person in UK technology
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May 10, 2023
10
May'23
Black Basta ransomware attack to cost Capita over £15m
Exceptional costs arising from the March 2023 Black Basta ransomware attack on the systems of outsourcer Capita will be somewhere between £15m and £20m, the organisation says
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May 09, 2023
09
May'23
UKtech50 2023: The longlist of the UK’s influential tech leaders
Each year, Computer Weekly launches a search for the most influential people in UK IT, asking the tech community who it thinks should be in the top 50 – here is the longlist of everyone nominated for 2023
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May 05, 2023
05
May'23
Capita pension clients told data may have leaked
Capita has told trustees of some of the pension funds for which it provides outsourced services that their customer data may have been stolen by the Black Basta ransomware operation
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May 05, 2023
05
May'23
Open banking use to increase 470% in next four years, driven from Europe
Europe is leading the surge in the take-up of API-based open banking services, according to Juniper Research
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May 05, 2023
05
May'23
Santander reports increase in scams and admits fraud head was impersonated
Santander has reported an increase in impersonation scams, and admitted its own head of fraud was impersonated by a fraudster
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May 04, 2023
04
May'23
Age UK calls for physical banking hubs as older people demand face-to-face banking
UK charity calls for banks and government to speed up the introduction of physical banking hubs as research reveals millions of older people don’t bank online
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May 03, 2023
03
May'23
Government anti-fraud strategy targets the tech behind the scams
The UK government’s anti-fraud strategy proposes to make it much harder for criminals to target their victims by cracking down on the exploitation of technology
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April 27, 2023
27
Apr'23
Zopa’s emotional journey to becoming a bank
Zopa Bank’s CEO sees no reason why the app-based bank should not be as big as the high street giants
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April 25, 2023
25
Apr'23
Lloyds Bank joins industry IT standards group
UK banking giant Lloyds Banking Group has joined an industry group which promotes global IT standards
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April 20, 2023
20
Apr'23
Banks don’t want to develop fintech in-house
Banks are increasingly partnering with fintechs to gain access to their platforms, with few interested in developing such capabilities in-house
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April 20, 2023
20
Apr'23
UK SMEs are the most tech savvy in Europe
UK SMEs have taken to contactless payments faster than their counterparts in continental Europe
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April 19, 2023
19
Apr'23
IT Priorities 2023: Budget optimism among EMEA IT leaders
IT leaders across the EMEA region are optimistic that their budgets will increase over the coming year
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April 19, 2023
19
Apr'23
Global finance firms take part in NATO cyber attack simulation
Global financial services organisations take part in NATO annual event which simulates cyber attacks on critical infrastructure
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April 18, 2023
18
Apr'23
Fintechs get more certainty about open banking’s future direction
Fintechs have welcomed the UK open banking regulators recommendations for the future of the sector
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April 18, 2023
18
Apr'23
Reduced spending on cloud services weighs European IT services market down
Reduced spending on cloud services in the EMEA region meant a year-on-year drop in total IT and BPO services spend
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April 14, 2023
14
Apr'23
Former TSB CIO fined for migration meltdown
Both TSB and its CIO have now been fined for the catastrophic migration of TSB’s core banking system
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April 13, 2023
13
Apr'23
Thousands at risk from critical RCE bug in legacy MS service
Thousands of organisations worldwide are at risk from three vulnerabilities – one critical – in a legacy Microsoft service that they may not be aware they are running
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April 13, 2023
13
Apr'23
Three charged over banking fraud for hire website
UK authorities have charged three men in connection with the operation of a website that sold social engineering tools to cyber fraudsters
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April 13, 2023
13
Apr'23
Sweden and Finland make advances in quantum computing
Separate Swedish and Finnish quantum computing projects make promising advances in the technology of the future
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April 12, 2023
12
Apr'23
April Patch Tuesday fixes zero-day used to deliver ransomware
A zero-day in the Microsoft Common Log File System that has been abused by the operator of the Nokoyawa ransomware is among 97 vulnerabilities fixed in April’s Patch Tuesday update
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April 12, 2023
12
Apr'23
Gartner: Rebalance cyber investment towards human-centric elements
Security decision-makers need to reprioritise their investment outlooks towards people, rather than technology, according to the latest market forecast from Gartner
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April 12, 2023
12
Apr'23
Bank of England starts recruiting Britcoin team
The Bank of England is recruiting people to join its team focused on the development of a digital pound
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April 12, 2023
12
Apr'23
Deutsche Bank to close Russian software operations
German bank has been winding down its Russia-based software development operations and is close to shutting them down
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April 11, 2023
11
Apr'23
UKtech50 2023: 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 back – let us know who you would like to nominate for this year’s list
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April 11, 2023
11
Apr'23
Experian names AWS as preferred cloud partner for multi-year off-premise migration project
Credit reporting agency Experian is embarking on a multi-year cloud migration project with AWS
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April 05, 2023
05
Apr'23
Quick-acting Rorschach ransomware appears out of nowhere
Emergent Rorschach ransomware strain is highly advanced and quite unusual in its capabilities, warn researchers, who say they have been unable to link it to any other known strains
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April 05, 2023
05
Apr'23
Nordic app-based bank offloads its peer-to-peer lending business
Danish fintech Lunar has sold its peer-to-peer lending business to Sweden’s SaveLend
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April 04, 2023
04
Apr'23
Threat researchers dissect anatomy of a Royal ransomware attack
Trellix researchers share the inside track on a Royal ransomware attack that hit one of its customers in late 2022
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April 04, 2023
04
Apr'23
UAE central bank selects partners for phase one of digital currency programme
The UAE central bank has kicked off the first phase of its project to launch a digital currency
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April 04, 2023
04
Apr'23
Over 90% of organisations find threat hunting a challenge
Understaffed security teams and high levels of background noise are making basic security operations tasks a chore for defenders, according to a report
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April 03, 2023
03
Apr'23
Lloyds and NatWest banks join Barclays in latest round of branch closures
Lloyds and NatWest banks announce more branch closures as UK high streets continue to be stripped of banking services
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March 31, 2023
31
Mar'23
Generative AI central to Accenture’s tech vision
Generative AI will play a central role over the next 10 years as the digital and physical world become more and more integrated
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March 30, 2023
30
Mar'23
OSC&R supply chain security framework goes live on Github
The OSC&R framework for understanding and evaluating threats to supply chain security has made its debut on Github to allow anybody to contribute to the framework
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March 30, 2023
30
Mar'23
NCSC issues revised security Board Toolkit for business leaders
National Cyber Security Centre calls on CEOs and senior business leaders to take a more hands-on approach to cyber resilience with the launch of revised board-level tools
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March 30, 2023
30
Mar'23
How millions of consumers and businesses are using open banking
SMEs and consumers are increasingly turning to open banking services to help them manage their businesses and lives
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March 30, 2023
30
Mar'23
Climate change vs technology: Study suggests tech investments could mitigate environmental risks
Bloomberg Media report, sponsored by investment firm Mubadala, highlights human impacts of various industry megatrends, including climate change and technology adoption
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March 29, 2023
29
Mar'23
UK’s open banking industry at a crossroads
The UK open banking sector is at a crossroads and suppliers need more certainty about its direction, says report
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March 29, 2023
29
Mar'23
Lloyds Bank looking for fintech partners
Lloyds Banking Group wants to partner startups in the financial services sector in its latest fintech and insurtech programme
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March 28, 2023
28
Mar'23
Apple security updates fix 33 iPhone vulnerabilities
A larger-than-usual update to Apple’s mobile operating system fixes more than 30 distinct vulnerabilities, including two serious issues that may potentially affect device kernels
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March 28, 2023
28
Mar'23
BNP Paribas moves to Swedish datacentre in high-performance computing strategy
BNP Paribas is moving data-intensive workloads to a Swedish datacentre to increase capacity while reducing its carbon footprint
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March 28, 2023
28
Mar'23
Barclays makes further cut to branch network
Barclays cuts another 14 branches from its network as it continues to see a migration to digital banking channels
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March 28, 2023
28
Mar'23
Ransomware attacks up 45% in February, LockBit responsible
NCC Group says it observed a surge in ransomware attacks in February, with LockBit, BlackCat and BianLian all highly active
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March 27, 2023
27
Mar'23
Many of world’s biggest banks lack transparent policies for responsible AI
It is unclear whether many of the world’s largest banks have adopted and are using ethical artificial intelligence development principles
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March 27, 2023
27
Mar'23
CBI launches campaign to boost UK tech unicorns
The CBI has launched a campaign to transform the UK’s technology unicorns into decacorns valued at $10bn, with specific policy recommendation due to be published later in 2023
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March 27, 2023
27
Mar'23
JP Morgan pilots palm and face-recognition technology in US
JP Morgan is testing out its biometric payment technology in selected retailer stores and at the upcoming Formula 1 Grand Prix in Miami
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March 24, 2023
24
Mar'23
National Crime Agency sting operation infiltrates cyber crime market
The UK National Crime Agency has tricked thousands of potential cyber criminals into registering with a fake website pretending to offer tools for creating DDoS attacks
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March 24, 2023
24
Mar'23
Over a third of UK’s online transactions used digital wallets
Mobile phone-based digital wallets are fast becoming a preferred method of buying goods and services online
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March 23, 2023
23
Mar'23
Nationwide Building Society begins another ‘generational’ tech change
Nationwide Building Society's migration of its payments to a cloud-based software platform is a ‘generational change’