News
E-commerce technology
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February 20, 2023
20
Feb'23
App-based Zopa bank buys BNPL fintech
App-based Zopa bank is adding a buy now, pay layer platform to its technology stack through its first acquisition
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February 15, 2023
15
Feb'23
UK saw fintech investment collapse in 2022, but is still a world leader
Fintech investment in the UK sees steep drop, but the country was still a top destination for capital
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February 14, 2023
14
Feb'23
‘Buy now, pay later’ crackdown in the making
The finance regulator has proposed bringing ‘buy now, pay later’ providers within its regulatory remit
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February 14, 2023
14
Feb'23
Payment tech provider opens Finnish tech hub
Nordic payment tech supplier opens a hub in the Finnish city of Espoo to access expertise
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February 14, 2023
14
Feb'23
UAE central bank programme to accelerate digital transformation
The United Arab Emirates government launches programme to accelerate the digital transformation of the country’s finance sector
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February 10, 2023
10
Feb'23
BNPL accounted for 12% of UK online spending in January
Buy now, pay later products from fintech providers accounted for 12% of the £8bn spent online in the UK in January, according to analysis
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February 09, 2023
09
Feb'23
Cost-of-living crisis creates appetite to switch banks
As millions of Brits struggle with their finances, many view tailored financial services as beneficial
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February 09, 2023
09
Feb'23
Consumers want tech-driven clothing stores
As consumers increasingly visit stores as the pandemic subsides, NTT Data finds that technology in shops could persuade consumers to return to physical shopping
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February 07, 2023
07
Feb'23
TSB pilots pods as branch replacements
TSB joins Barclays in adopting banking pods to ensure customers have access to physical banking services as the number of high street branches declines
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February 06, 2023
06
Feb'23
Online banks still riddled with cyber security flaws, report says
Online bank Virgin Money was found to have the weakest online and application security measures in a Which? study but Nationwide, TSB and The Co-Operative Bank all failed on multiple points, too.
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February 03, 2023
03
Feb'23
Finance regulator finding more misleading promotions quicker through improved digital tools
UK finance regulator able to find and block misleading promotions faster through improved digital tools
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February 02, 2023
02
Feb'23
UK government announces plans to protect consumers through cryptoasset regulation
UK government wants feedback on its plans to regulate organisations operating in the cryptoasset sector
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February 01, 2023
01
Feb'23
Romance fraudsters stole £65m from Brits since 2020
Online romance fraudsters have scammed Brits out of £65m in the past three years, according to retail bank TSB
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January 31, 2023
31
Jan'23
Digital banking changing the high street forever as banks close branches and open alternatives
Banks are reshaping their channels as customers move to digital services, with physical innovation complementing digital strategies
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January 30, 2023
30
Jan'23
Data of 10 million JD Sports customers accessed in cyber attack
Data on 10 million people who shopped online at JD Sports over a two-year period was accessed and potentially stolen in a cyber attack
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January 26, 2023
26
Jan'23
Final months of 2022 saw highest ever number of bank account switches
More people than ever before switched their current account provider using the government’s switching service
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January 25, 2023
25
Jan'23
UK Treasury recruiting digital currency leader
The UK government’s investigation into the merits of a central bank digital currency gathers pace at it looks for a team leader
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January 20, 2023
20
Jan'23
Year-on-year growth down to more customers, says Ocado
As the customer landscape shifts, Ocado reports year-on-year revenue growth in the last quarter of 2022, bolstered by a successful Christmas
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January 16, 2023
16
Jan'23
Cash use rises for first time in 13 years as cost of living increases
The number of cash withdrawals increased last year, for the first time in 13 years, but remains below the pre-Covid-19 figure
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January 16, 2023
16
Jan'23
CIO interview: Matt Grest, Very Group
The Covid-19 pandemic changed many things, including an increase in remote working – so how is the Very Group approaching the workplace and talent post-Covid?
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January 11, 2023
11
Jan'23
SMEs eye moving business to challenger bank
Known for their consumer banking success, challenger banks are now winning over hearts and minds in the small business sector
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January 10, 2023
10
Jan'23
Latest Innovate Finance report reveals decrease in UK fintech investment, but like-for-like increase
Innovate Finance’s latest figures on fintech investment show reduction in UK, but report methodology leaves this open to change
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January 05, 2023
05
Jan'23
Cashless Denmark has no bank robberies in a year for first time
Denmark saw no bank robberies in a single year for the first time ever, but online fraud continues to increase
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December 21, 2022
21
Dec'22
Top 10 retail technology stories of 2022
Computer Weekly looks at what 2022 had in store for the retail industry – after the pandemic increasing technology adoption for most of the retail sector, what have firms put in place to survive the next few years?
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December 15, 2022
15
Dec'22
Lego fixes dangerous API vulnerability in BrickLink service
The Lego Group has remediated two potentially serious API vulnerabilities in its BrickLink digital resale platform, just in time for Christmas
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December 02, 2022
02
Dec'22
Post Office boosted its ‘coffers’ as Horizon system threw up unexplained shortfalls, inquiry told
The Post Office was ‘keen’ to make subpostmasters cover unexplained accounting shortfall as its business struggled, public inquiry hears
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November 23, 2022
23
Nov'22
How Photobox keeps site reliability in the picture
Photobox’s site reliability head discusses how the photo book and personalised gifts site manages a complex microservices architecture
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November 22, 2022
22
Nov'22
Ducktail spins new tales to hijack Facebook Business accounts
The increasingly active Ducktail cyber crime operation is refining its operations, seeking new methods to compromise its victims’ Facebook Business accounts
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November 15, 2022
15
Nov'22
TikTok influencers are better than finance firms for money advice, say quarter of young adults
Young people are turning to TikTok-based influencers for advice on how to manage their finances and where to bank
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November 13, 2022
13
Nov'22
Online scam victims lose an average of £1,000 each
New data from the National Fraud Intelligence Bureau shows victims of online fraud lose an average of £1,000 per person
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November 03, 2022
03
Nov'22
Automated threats biggest source of cyber risk for retailers
Threat actors targeting retailers during the coming holiday season are increasingly turning to automated forms of cyber attack, according to a report
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October 27, 2022
27
Oct'22
Government ups cyber support for elderly, vulnerable web users
DCMS announces a funding boost to help the elderly, disabled and other vulnerable groups stay safe online and avoid being misled by disinformation
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October 25, 2022
25
Oct'22
UK finance regulator investigates big tech finance threats and benefits
The UK financial services regulator is gathering information about the benefits and targets of big tech firms offering financial services
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October 18, 2022
18
Oct'22
Skype’s legacy and the rise of the ‘new Nordics’
Estonia and other Baltic states could be part of a ‘new Nordics’ of technology innovation
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October 11, 2022
11
Oct'22
Wayfair shutters datacentres and ends hybrid cloud strategy with Google Cloud move
Online home furnishings retailer Wayfair has completed a 16-month datacentre shutdown project that has seen it migrate all its applications and workloads to the Google Cloud
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October 06, 2022
06
Oct'22
EU rolling out measures for online safety and AI liability
The European Council has approved the passage of the Digital Services Act to protect people’s rights online, while the European Commission has announced proposals to help those negatively affected by artificial intelligence to claim compensation
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October 06, 2022
06
Oct'22
JPMorgan’s UK digital bank app outage locks customers out
App-based Chase Bank suffered tech outage that left customers unable to access its services
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October 03, 2022
03
Oct'22
Security regulation cuts online payment fraud at 73% of retailers
New online payments security standard, Strong Customer Authentication (SCA), sees immediate fall in fraudulent payments to retailers
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September 29, 2022
29
Sep'22
Cost-of-living crisis could spur fintech adoption
The cost-of-living crisis could have a similar impact on fintech and digital banking as the Covid-19 pandemic did, inducing further innovation in the fintech sector
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September 28, 2022
28
Sep'22
Online Safety Bill needs complete overhaul, say rights groups
Civil society groups write to new digital minister to challenge various aspects of the upcoming Online Safety Bill, which they say threatens rights to privacy and freedom of expression
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September 22, 2022
22
Sep'22
American Express recruiting thousands of tech professionals
Amex will add 5,000 IT professionals to its workforce in 2022 as digital products and services become the staple of the finance sector
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September 21, 2022
21
Sep'22
European Central Bank working on prototypes of digital Euro interfaces
European Central Bank’s digital Euro investigation phase is at the point of developing and testing systems that might interface with consumers
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August 16, 2022
16
Aug'22
Older customers prefer phone calls to chatbots
Businesses are increasingly adopting customer-facing digital technologies, but the older generation are not so keen to embrace tech
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August 12, 2022
12
Aug'22
UK Amazon workers stage series of wildcat strikes over pay offers
Amazon warehouse workers across the UK have organised a series of spontaneous strike actions after the e-commerce giant’s management offered them pay rises between 35p and 50p
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August 10, 2022
10
Aug'22
Online retail sales see year-on-year drop of 2.3% in July 2022
Despite another year-on-year drop in online retail sales in July, the fall is smaller than those seen in previous months of 2022 as online sales decline slows
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August 05, 2022
05
Aug'22
Inside Bukalapak’s cloud strategy
Indonesian e-commerce unicorn Bukalapak’s multicloud strategy, underpinned by the use of microservices and DevOps, has enabled it to meet the diverse needs of its users while addressing business requirements
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July 28, 2022
28
Jul'22
Ocado revenue drops despite distribution centre successes
Ocado has spent the past six months rolling out new customer fulfilment centres and signing partners for its smart platform, but the cost-of-living crisis still sees revenue taking a hit
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July 26, 2022
26
Jul'22
Ducktail infostealer targets Facebook Business users
Newly uncovered Ducktail operation targets individuals with access to Facebook Business service and tries to steal their accounts
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July 19, 2022
19
Jul'22
UK fintech outperforms global sector
Investment in UK fintech continues to increase, outpacing a flat global sector, according to Innovate Finance
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July 08, 2022
08
Jul'22
Ofcom publishes Online Safety Roadmap
The roadmap sets out how the online harms regulator will approach implementing the UK’s online safety regime, and tells tech firms to start preparing for the new rules