News
E-commerce technology
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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 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 02, 2023
02
May'23
Researchers see surge in scam websites linked to coronation
Scammers and fraudsters continue to take advantage of large public events, with the coronation of King Charles III no exception
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April 25, 2023
25
Apr'23
Online makes up 25% of retail sales three months in row
The percentage of all retail sales made online remains steady at around a quarter this year, though cost of living is affecting customer behaviour
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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 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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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 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 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
US bakery pilots Amazon tech for palm payments
Amazon's palm-scanning authentication technology is being used by US bakery and café chain to boost use of its loyalty programme
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March 14, 2023
14
Mar'23
Central bank digital currency use set to soar over next seven years
The use of central bank-backed digital currencies is set to explode over the next seven years as governments drive adoption to increase financial inclusion
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March 06, 2023
06
Mar'23
Fintech industry calls for regulatory change to help struggling consumers
Fintech trade body calls for regulatory changes to allow fintechs to broaden services for people struggling in the cost-of-living crisis
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March 02, 2023
02
Mar'23
Salt Labs identifies OAuth security flaw within Booking.com
Security flaw in Booking.com OAuth implementation could be used to launch account takeovers, but researchers discovered and flagged the issue before it could be exploited in the wild
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February 28, 2023
28
Feb'23
Two years on from the Kalifa report, UK fintechs speak out
Two years after the UK government’s Kalifa fintech report, entrepreneurs warn of a continuing Brexit headache and slow regulatory reform
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February 21, 2023
21
Feb'23
Seven million people in UK used open banking services in 2022
More than seven million people used services that harnessed open banking last year, with 1.2 million of these first-time users
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February 21, 2023
21
Feb'23
Online makes up a quarter of retail sales in January 2023
Online shopping makes up a quarter of all retail volumes in the first month of 2023, but retail is still rocky as the cost of living rises
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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