News

Financial applications

• April 09, 2018 09 Apr'18

  HSBC adopts fintech to fight money laundering

  HSBC is using technology from a fintech startup to help it monitor transactions for potential money laundering

• April 09, 2018 09 Apr'18

  Dubai's gamble on bitcoin property sales

  Dubai is pioneering the use of bitcoin in the real world, with the property sector leading the way

• April 06, 2018 06 Apr'18

  UK challenger bank gives up banking licence to focus on fintech

  CivilisedBank plans to serve small and medium-sized enterprises with savings and investment products

• April 05, 2018 05 Apr'18

  Deutsche Bank system replacement already paying back

  Deutsche bank is replacing a complex IT infrastructure that helps its traders operate and automates regulatory compliance processes

• March 22, 2018 22 Mar'18

  Colt pioneers blockchain in telco voice wholesaling

  Colt Technology Services and Hong Kong Telecom’s international unit PCCW Global teamed up to trial the use of blockchain in wholesale voice settlements

• March 22, 2018 22 Mar'18

  Fintechs weigh up their partnership options

  Fintechs need to consider what type of companies they should work with to make the most of open banking regulations

• March 22, 2018 22 Mar'18

  What would coders do in ethical grey areas?

  Software developers are writing code that affects the lives of millions of people and how businesses are run, but what do coders think about some of the ethical questions they face?

• March 21, 2018 21 Mar'18

  RBS said to be setting up its own digital bank

  Royal Bank of Scotland is reportedly setting up a standalone digital bank to take advantage of changing customer habits

• March 19, 2018 19 Mar'18

  First Direct enables customers to pay by Siri

  Customers of online bank First Direct can now use voice commands to transfer money through Apple’s digital assistant

• March 14, 2018 14 Mar'18

  Most people think cryptocurrency will be accepted on buses by 2025

  Cryptocurrency is a mystery to many people, yet 55% of respondents to a survey expect shops and buses to accept digital money in seven years’ time

• March 09, 2018 09 Mar'18

  Amazon bank could have 70 million customers in five years

  Amazon could have more banking customers in the US than the UK has citizens within five years

• March 08, 2018 08 Mar'18

  EC reveals plan to make Europe global fintech hub

  The European Commission has unveiled proposals to boost the EU’s financial technology sector

• March 07, 2018 07 Mar'18

  World Economic Forum creates fintech focus group for cyber security

  WEF consortium of companies will focus on protecting financial technology firms from cyber threats

• March 05, 2018 05 Mar'18

  How to improve SAP ROI with smart licensing

  A recent study suggested most SAP projects have a 50% chance of failure. The risk of having incorrect SAP licensing could be far higher

• March 01, 2018 01 Mar'18

  Are mobile wallets about to make contactless cards look outdated?

  Mobile wallets look set to take root as consumers increasingly use their mobile phones to pay for goods and services

• February 28, 2018 28 Feb'18

  Virgin Money launches digital bank

  Virgin Money is setting up a digital bank to expand into the current account and SME business account markets

• February 26, 2018 26 Feb'18

  NatWest opens four UK fintech hubs

  NatWest has expanded its financial technology support programme at a time when entrepreneurs are more apprehensive than ever

• February 23, 2018 23 Feb'18

  RBS’s first profit in a decade accompanied by major first for mobile channel

  News of its first profit in 10 years might overshadow a major first for the Royal Bank of Scotland’s mobile channel

• February 21, 2018 21 Feb'18

  Lloyds Bank announces three-year digital transformation

  Lloyds Bank has announced plans to transform how it serves customers through substantial digital investment

• February 20, 2018 20 Feb'18

  UK finance regulator collaborates with US counterpart on fintech

  The FCA is working with a US finance regulator to support financial technology companies on both sides of the Atlantic

• February 19, 2018 19 Feb'18

  Lauri Love can stay in UK: prosecutors will not appeal extradition ruling

  Crown Prosecution Service gives undertaking to Lauri Love that it will not appeal against a court decision not to extradite him to the US – but prosecutors are seeking leave to appeal over part of the court ruling on extradition procedure

• February 14, 2018 14 Feb'18

  Technology spend growing at expense of trader salaries

  Investment firms are spending a larger proportion of their budgets on software as data and artificial intelligence technology is seen to provide a competitive advantage

• February 14, 2018 14 Feb'18

  Australia’s national payment system will ease peer-to-peer payments

  New Payments Platform is expected to accelerate the decline of cash and cheques in Australia, as well as simplify invoicing for businesses through overlay services

• February 13, 2018 13 Feb'18

  London joins Citibank IT innovation network

  Citibank has made London home to its latest IT innovation hub, which will focus on applying data science and high performance computing to the business

• February 12, 2018 12 Feb'18

  APAC fintech market set to bloom

  Government support, the rise of digital payments and a new breed of financial services will put the region’s financial technology market in overdrive over the next few years

• February 07, 2018 07 Feb'18

  Stay of execution for RBS branches and free devices for some customers

  RBS is offering free training and devices to some customers in Scotland to help them eventually live without bank branches

• February 06, 2018 06 Feb'18

  Lloyds Bank cuts CIO workforce

  Lloyds Banking Group is changing the skills make-up of its IT team to support demand for digital services

• January 31, 2018 31 Jan'18

  Swedish banks embrace rapidly evolving chatbots

  Artificial intelligence is playing an increasingly important business role for Sweden’s banks – and chatbots are the starting point for many

• January 30, 2018 30 Jan'18

  SAP 2017 results: Cloud revenue nears €3.8bn, 7,900 S/4 Hana customers

  SAP has declared full year 2017 revenue of €23.5bn, of which nearly €2.8bn was cloud, alongside acquisition of Callidus, a cloud-based “lead to money” service

• January 25, 2018 25 Jan'18

  Robots are needed to manage the automation robots

  The next decade will see robots transform from invisible forces obeying our commands to lifelike objects interacting with humans on a daily basis

• January 25, 2018 25 Jan'18

  Forensic investigation into Post Office IT system at centre of legal case nears completion

  The investigation into the fairness of court cases brought against sub-postmasters is close to finishing its forensic examination of the IT system at the heart of the controversy

• January 23, 2018 23 Jan'18

  Mastercard sets biometric ID deadline for banks

  Mastercard has committed to guaranteeing that every one of its customers will have access to biometric authentication services by April 2019

• January 22, 2018 22 Jan'18

  IT of world’s banks is moving on from crippling regulation

  Banks need to invest more in fintech and IT skills as they emerge from years of stagnation

• January 18, 2018 18 Jan'18

  Nordic IT executive interview: Daniel Kjellén, CEO, Tink

  Sweden could have a head start in the race to open up banking through the European Union’s PSD2 regulation

• January 18, 2018 18 Jan'18

  Demand for cloud services drives increase in IT outsourcing

  Cloud services spending in Europe, the Middle East and Africa offset a drop in traditional IT outsourcing in 2017

• January 16, 2018 16 Jan'18

  Financial savings just the beginning for CIOs who understand code quality

  Businesses need to understand the quality of the code in their applications if they are to avoid unnecessary costs and glitches

• January 16, 2018 16 Jan'18

  Abu Dhabi continues fintech agenda in 2018

  Abu Dhabi is open to developing its fintech ecosystem, with the next 12 months expected to see more focus on the sector

• January 11, 2018 11 Jan'18

  Retail banking regulations hit UK with the potential of a ‘Big Bang’ moment

  The UK retail banking sector is at the beginning of a journey towards to a more competitive future as new regulation hits them

• January 10, 2018 10 Jan'18

  Marks and Spencer eyes £30m annual cost savings from digital-first retail push

  High-street retailer has fleshed out plans to put digital at the heart of its business to boost operational efficiency in response to changing consumer demands

• January 09, 2018 09 Jan'18

  Google puts its payment services under one roof

  Internet giant is bringing all its payment services under the Google Pay brand, making them “simpler, safer and more consistent”

• January 04, 2018 04 Jan'18

  Nordic banks face digitisation decisions over PSD2

  With the latest version of the EU payment services directive coming into force, traditional Nordic banks can’t afford to slow their digital transformations

• December 19, 2017 19 Dec'17

  Top 10 enterprise IT in the Nordics stories in 2017

  The Nordic region might be best known in IT circles for its startup communities – but it has much more to offer

• December 08, 2017 08 Dec'17

  Santander UK recruits digital banking expert from Barclays

  Santander UK has poached Michael Harte from Barclays to drive digital transformation

• December 06, 2017 06 Dec'17

  CIO interview: Carlos Abarca, TSB

  Carlos Abarca is guiding TSB through its migration from systems hosted by a competitor to a digitally focused in-house core banking platform.

• December 06, 2017 06 Dec'17

  Mayor of London opens Bangalore office to strengthen links with Indian businesses

  City of London’s office in India’s tech hub aims to promote Indian investment and IT jobs in UK capital

• November 28, 2017 28 Nov'17

  Dutch digital coin miners offered datacentre space to reduce costs

  The Netherlands’ Datacenter Group is providing digital coin miners with space in a professional datacentre

• November 28, 2017 28 Nov'17

  Fintech is increasing operational risk to banks

  European Banking Association report reveals fear of greater operational risk because of increased take-up of fintech in financial services sector

• November 22, 2017 22 Nov'17

  CIO interview: David Southern, director of ICT, WWF UK

  In his 17 years in the IT department at the WWF, David Southern has seen many changes – and the advent of cloud computing is one of the biggest

• November 21, 2017 21 Nov'17

  IR35 reforms: Economic concerns raised over prospect of private sector roll-out

  With the government’s stance on rolling out the IR35 reforms to the private sector appearing to soften, IPSE and others air concerns over the threat this move could pose to the post-Brexit economy

• November 16, 2017 16 Nov'17

  Post Office court case judge issues warning to legal teams

  The high court judge managing the sub-postmasters versus Post Office legal case over an allegedly faulty computer system tells legal teams to cooperate