News

IT for financial services

• April 09, 2021 09 Apr'21

  NCSC: Using your pet’s name as a password is very stupid

  If your email password is still Rex, Rover or Mr Fluffles, it’s probably best to change it, the NCSC has said

• April 08, 2021 08 Apr'21

  Future working models at big banks begin to fall into place

  Banks traditionally lead the way in technology adoption, but what can businesses take from their post-Covid-19 remote-working strategies?

• April 08, 2021 08 Apr'21

  CIO interview: Gary Delooze, CIO, Nationwide

  Building society’s CIO talks about building a technology strategy, working with the rest of the business and the Covid-19 pandemic

• April 08, 2021 08 Apr'21

  IBM Cloud for Financial Services goes on general release

  IBM Cloud’s push to provide sector-specific public cloud services to financial services firms enters a new phase

• April 08, 2021 08 Apr'21

  Inside Microsoft’s industry cloud strategy

  Microsoft dives deeper into its industry cloud strategy and what it means for enterprises in the Asia-Pacific region

• April 07, 2021 07 Apr'21

  A billion extra contactless payments in year since limit increase

  Visa said there was an extra one billion contactless payments made by its customers last year

• April 07, 2021 07 Apr'21

  Irish employees’ ‘right to disconnect’ enshrined in code of practice

  A code of practice giving employees the ‘right to disconnect’ from work and not engage in electronic communications outside of their normal hours has come into effect in Ireland

• March 31, 2021 31 Mar'21

  Commerzbank picks Google for cloud migration

  German bank expands its work with Google Cloud and plans to move 85% of applications to its platform

• March 30, 2021 30 Mar'21

  IR35 reforms: Slow government progress on umbrella regulation exposes IT contractors to tax risks

  With thousands of IT contractors set to start working through unregulated umbrella companies for the first time when the IR35 reforms take hold in the private sector, concerns are growing about the danger this could pose to their income and tax ...

• March 29, 2021 29 Mar'21

  How far has open banking come in Europe?

  Open banking is a relatively new concept, having come into effect in Europe only in the last couple of years. So what is the state of play?

• March 29, 2021 29 Mar'21

  TSB Smart Agent integrated into mobile banking app

  TSB has integrated a smart agent, developed to relieve pressure on its contact centres during the Covid-19 pandemic, into its mobile app

• March 29, 2021 29 Mar'21

  CW Innovation Awards: How DBS is transforming credit processes

  DBS Bank’s credit architecture programme has digitised and reimagined credit processes through a unified platform that has improved the productivity and efficiency of its credit teams

• March 22, 2021 22 Mar'21

  Post Office staff instructed to shred documents that undermined its claims Horizon was robust

  Barrister advising the Post Office in 2013 stated that destroying documents would "amount to a conspiracy to pervert the course of justice"

• March 19, 2021 19 Mar'21

  Post Office IT scandal executive forced out of job at Football Association of Wales

  Angela van den Bogerd has left her role at the Football Association of Wales, following criticism of her part in Post Office IT scandal

• March 17, 2021 17 Mar'21

  Capita restructures to simplify its business

  Business services supplier creates two core units that focus on public sector and commercial enterprise customers and will sell off non-core assets

• March 16, 2021 16 Mar'21

  One-fifth of all UK tech investment went to just 10 scaleup firms in 2020

  Annual Tech Nation report shows UK technology firms saw record levels of investment in 2020, but a significant proportion of it was concentrated in a small number of scaleup enterprises

• March 16, 2021 16 Mar'21

  Insurers unable to fill a quarter of tech roles

  Insurance companies need to fill tech skills gaps if they are going to prosper in the age of insurtech

• March 16, 2021 16 Mar'21

  Banks still lack tech skills at the top

  Banks have made progress in adding IT knowledge in their boardrooms, but they need more as digital transformation accelerates

• March 09, 2021 09 Mar'21

  UK's Starling Bank reaches unicorn status

  UK app-based bank Starling reaches unicorn status following its latest round of funding

• March 09, 2021 09 Mar'21

  EBA restores services after Microsoft Exchange attack

  European Banking Authority was breached through vulnerabilities in Microsoft Exchange Server, but is now back online

• March 08, 2021 08 Mar'21

  Wipro makes its biggest acquisition ever with $1.45bn takeover

  Indian IT services supplier Wipro makes biggest acquisition in its history as it bolsters consultancy offering

• March 08, 2021 08 Mar'21

  Nordic innovators change emphasis on gender equality in society

  Female technology innovators in the Nordics take a different approach to trying to improve opportunities for women

• March 04, 2021 04 Mar'21

  Bank of Ireland to reduce branch network by almost half

  Bank of Ireland is latest bank to pin its future on digital channels as customers change their banking habits

• March 04, 2021 04 Mar'21

  UK contactless payment limit more than doubled

  UK increases the amount that can be spent in one go using a contactless payments card to £100

• March 03, 2021 03 Mar'21

  CIO interview: Laura Dawson, CIO, London School of Economics

  LSE’s CIO talks about focusing on team development, her vision of creating a connected network of technologists, and the impact of the Covid-19 pandemic

• March 02, 2021 02 Mar'21

  Goldman Sachs CEO comments highlight need for home working balance

  The remote working revolution has been prominent in the banking sector and organisations have a balancing act to perform once the pandemic passes

• March 02, 2021 02 Mar'21

  HSBC offers to help customers transitioning to digital banking as branch closures continue

  HSBC is offering its customers training in how to bank digitally in a safe and effective way as it, like many banks, moves customers out of branches and towards using online services

• February 26, 2021 26 Feb'21

  It’s now or never for UK fintech, government told

  The UK government faces a ‘now or never’ moment if it wants financial technology to play a central role in the economy for years to come

• February 25, 2021 25 Feb'21

  UKtech50 2021: The most influential people in UK technology

  Computer Weekly has announced the 11th annual UKtech50 – our definitive list of the movers and shakers in the UK tech sector

• February 25, 2021 25 Feb'21

  Tech-enabled hybrid working enables HSBC to cut 40% of its global office space

  Bank is making huge reductions in the amount of office space it uses through a global hybrid-working policy

• February 23, 2021 23 Feb'21

  BBVA teams up with Google Cloud for IT security strategy revamp

  Spanish bank banking giant BBVA is forging even closer ties with long-standing technology partner Google Cloud to bolster the security posture of its IT infrastructure

• February 22, 2021 22 Feb'21

  UK government set to offer fintech visa

  The importance of immigrant workers to the UK's fintech sector highlighted by government planned fintech visa

• February 22, 2021 22 Feb'21

  Pandemic has exposed fractures in cyber fraud strategy

  RUSI report urges a bolder and more coordinated response to cyber-enabled fraud as the pandemic lays bear the scale of the problem

• February 19, 2021 19 Feb'21

  European Commission proposes UK data adequacy agreement

  The publication of two draft data adequacy decisions brings the UK closer to a final positive decision, which will enable the continued free flow of data between the EU and the UK if green-lit by member states

• February 18, 2021 18 Feb'21

  Fingerprints will help payment cards retain relevance

  Biometric payment cards using fingerprint technology could add billions to global banking revenues, says UBS

• February 17, 2021 17 Feb'21

  Swedish central bank extends digital currency project

  Sweden's central bank has extended its pilot of a digital currency for at least another year

• February 16, 2021 16 Feb'21

  TransferGo to harness Google-inspired tech capability

  Payments fintech TransferGo chooses cloud-native core banking platform to build a digital wallet and expand its services

• February 16, 2021 16 Feb'21

  Qatar regulator launches platform to monitor human understanding of financial crime

  Qatari financial services regulator works with global body to provide digital platform to assess whether financial services workers understand how to prevent financial crime

• February 16, 2021 16 Feb'21

  IR35 private sector reforms: HMRC reminds firms to use ‘reasonable care’ when applying new tax rules

  As the countdown to the IR35 reforms being rolled out to the private sector continues apace, HM Revenue and Customs issues compliance guidance for firms in-scope of the new rules

• February 15, 2021 15 Feb'21

  Digital investments will add £232bn to UK economy by 2040

  The UK economy could grow by £232bn over the next two decades if investments in digital technologies continue

• February 15, 2021 15 Feb'21

  Post Office to offer digital ID services to customers

  Post Office partnership with Yoti is intended to expand customer choice as to how people prove their identity when accessing services

• February 11, 2021 11 Feb'21

  Goldman Sachs reopens UK digital savings account

  US banking giant resumes online account for UK savers after temporarily withdrawing it in response to high demand

• February 11, 2021 11 Feb'21

  Nationwide Building Society kicks off search for tech apprentices

  Nationwide is working with local organisations to boost tech skills

• February 10, 2021 10 Feb'21

  Société Générale adopts work-from-home policy

  French bank formalises remote working policy after discussions with labour unions

• February 10, 2021 10 Feb'21

  Century-old insurer uses low code as digital demands increase

  Lloyds of London insurance and reinsurance broker Miller breaks from the past by adopting low-code software development platform

• February 09, 2021 09 Feb'21

  Russia’s Sber launches international AI contest for children

  Children from across the world invited to take part in artificial intelligence competition launched by Russian bank-turned-tech business

• February 04, 2021 04 Feb'21

  Revolut rewrites policy to include permanent remote working

  Challenger finance firm Revolut is redesigning its office spaces and introducing permanent remote working policies

• February 04, 2021 04 Feb'21

  Fraud and cyber crime still vastly under-reported

  The scale of digitally enabled crime in the UK is dramatically under-reported, new statistics indicate

• February 03, 2021 03 Feb'21

  Has Covid-19 made bank branch closures easier to sell?

  Big banks continue to close branches and invest more in technology as the Covid-19 pandemic makes a case for digital banking

• February 03, 2021 03 Feb'21

  Google grows cloud sales as parent’s profits top $40bn

  Alphabet announces massive overall profits and increased Google cloud sales

• February 02, 2021 02 Feb'21

  Nordic countries dominate European online banking take-up

  Nordics dominate online banking take-up in Europe, but the UK is not far behind

• February 02, 2021 02 Feb'21

  Financial services giants form EU-focused coalition to boost sector’s public cloud adoption pace

  A dozen or so European financial institutions have joined forces to stimulate the pace of public cloud adoption in the sector

• February 01, 2021 01 Feb'21

  IR35 private sector reforms: Zurich Insurance under fire over contractor blanket ban

  Zurich Insurance is the latest high-profile financial services company to declare contractors can only continue to engage with it via umbrella setups from April 2021, ahead of the IR35 rules coming into force

• January 29, 2021 29 Jan'21

  Commerzbank announces big job cuts and branch closures

  German bank is closing hundreds of branches and cutting thousands of jobs as it reshapes for the digital age

• January 28, 2021 28 Jan'21

  JP Morgan Chase hires for UK digital bank launch

  US banking giant hires in the UK in preparation for digital consumer bank launch

• January 28, 2021 28 Jan'21

  Contactless payment limit could rise to £100 as FCA seeks industry views

  UK financial services regulator is considering raising the contactless card payment limit to £100

• January 27, 2021 27 Jan'21

  Yorkshire Building Society migrating application development to improve customer satisfaction

  Yorkshire Building Society is moving to new application development platform to support the creation of customer-friendly online services

• January 26, 2021 26 Jan'21

  Customers turn to cash as IT issue hits card payments at major supermarkets

  IT problem at payment processing company has forced shoppers to resort to cash in Morrisons and Co-op stores

• January 26, 2021 26 Jan'21

  Cyber fraud a national security issue, says Rusi report

  A report from the Rusi think tank calls for fresh approaches to how we think about fighting fraud

• January 25, 2021 25 Jan'21

  Are banks overburdened with responsibility for money lost to online scams?

  Bank boss calls for cross-industry cooperation to reduce scams that trick people into making instant payments online

• January 22, 2021 22 Jan'21

  Nine out of 10 UK card payments in 2020 were contactless

  Contactless cards payments accounted for around 90% of card payments in the UK in 2020

• January 21, 2021 21 Jan'21

  UKtech50 2021: Vote for the most influential person in UK technology

  Our judges have picked a shortlist, and now we invite readers to tell us who should be chosen as the most influential person in the UK tech scene for 2021 – submit your vote now

• January 20, 2021 20 Jan'21

  HSBC closing more branches as customers turn to digital channel

  Bank announces branch closures as it reshapes its network for the digital age

• January 19, 2021 19 Jan'21

  Questions raised by New Zealand central bank boss, following cyber attack investigation

  The governor of New Zealand’s central bank said the organisation must answer questions about its security following a ‘significant’ attack

• January 18, 2021 18 Jan'21

  UKtech50: The 2021 longlist

  Each year, Computer Weekly launches its annual search for the most influential people in UK IT, where the tech industry nominates who it thinks should be in the top 50 – here is the longlist for 2021

• January 15, 2021 15 Jan'21

  Tech partnership to drive Finland’s quantum computing project

  Organisations in Finland are developing quantum computing capabilities through a state and private sector partnership

• January 14, 2021 14 Jan'21

  Experian calls for less bureaucratic data regulations

  Open banking requires cross-industry collaboration, but sharing personal data requires explicit consent, which can become a bottleneck

• January 14, 2021 14 Jan'21

  Numbers stack up for UK open banking three years on

  Three years have passed since open banking regulations came into force and momentum is gathering

• January 13, 2021 13 Jan'21

  Three-quarters of finance firms report more potentially criminal activity in their networks

  Fears of failing to comply with strict regulations grow as financial services firms identify more suspicious financial activity on their networks

• January 13, 2021 13 Jan'21

  European IT outsourcing spend up in 2020 after cloud boost

  IT outsourcing sector growth is an indication that businesses are beginning to see light at the end of the tunnel amid the Covid-19 pandemic and the economic disruption it has brought

• January 12, 2021 12 Jan'21

  Retail giant Walmart to launch a fintech

  Fintech will be geared towards offering the services Walmart’s customers and employees want

• January 12, 2021 12 Jan'21

  IR35 private sector reforms: Research highlights lack of preparedness ahead of April 2021 start date

  As the private sector start date for the IR35 reforms looms large, research suggests some companies are still dragging their feet with their preparations

• January 12, 2021 12 Jan'21

  Bahrain hopes 5G roll-out will attract more tech firms to its shores

  Bahrain has completed its 5G roll-out, which will support its IT infrastructure in creating the right environment for technology firms

• January 11, 2021 11 Jan'21

  Jobs in fintech bounce back after brief lockdown lull

  Fintechs and payments companies need to make staff recruitment a priority as talent pool shrinks

• January 11, 2021 11 Jan'21

  New Zealand central bank IT system breached in cyber attack

  Bank is responding to a cyber attack after hackers breached the system of a third-party supplier

• January 08, 2021 08 Jan'21

  Which? online banking investigation reveals ‘worrying gaps’ in security

  Consumer rights organisation has ranked the security of UK online current account providers

• January 07, 2021 07 Jan'21

  Trump bans Chinese payment apps

  US president signs executive order banning the use of Chinese payments app, citing national security risks

• January 07, 2021 07 Jan'21

  DBS opens tech academy in skills training drive

  The DBS Future Tech Academy will focus on training the bank’s technologists in three disciplines for a start – site reliability engineering, data processing and analytics, and application security

• January 05, 2021 05 Jan'21

  Huawei battles for market access in Nordics

  Chinese networking equipment supplier Huawei fights to retain access to potential 5G contracts across the Nordic region

• January 05, 2021 05 Jan'21

  Banking trade body calls for increased contactless payment limit

  UK Finance proposes an increase in the limit on spending using contactless cards

• January 05, 2021 05 Jan'21

  AAT calls on government to re-think the Making Tax Digital exemption threshold

  The Association of Accounting Technicians calls for improvements to HM Revenue and Customs’ Making Tax Digital programme, and says the exemption threshold, currently at £10,000, should be raised

• December 31, 2020 31 Dec'20

  Pandemic heroes dominate New Year Honours List 2021

  The New Year Honours List 2021 is remarkable for its recognition of those who have excelled during the Covid-19 public health emergency, including digital and data professionals

• December 29, 2020 29 Dec'20

  Top 10 financial services stories of 2020

  Here are Computer Weekly’s top 10 financial services IT stories of 2020

• December 24, 2020 24 Dec'20

  Top 10 Middle East stories of 2020

  Here are Computer Weekly’s top 10 Middle East stories of 2020

• December 22, 2020 22 Dec'20

  Swedish central bank moves e-krona project to next stage

  Riksbank takes digital currency project to the next phase with Accenture building a platform to test the concept

• December 21, 2020 21 Dec'20

  Top 10 enterprise IT in the Nordics stories of 2020

  Here are Computer Weekly’s top 10 Nordic enterprise IT stories of 2020

• December 18, 2020 18 Dec'20

  Prepare for bringing people back to the office with the Nordic tech startup blueprint

  Business can learn lessons from Nordic tech startups to prepare employees to return to the office after Covid restrictions

• December 17, 2020 17 Dec'20

  Post Office suffers latest court defeat in Horizon IT scandal

  Court of Appeal indicates subpostmasters can pursue appeal route that could do more damage to Post Office’s reputation

• December 17, 2020 17 Dec'20

  Danske Bank fights money laundering with AI

  Danske Bank is using artificial intelligence to help it prevent a repeat of the huge money laundering scandal that hit one of its operations in Estonia

• December 15, 2020 15 Dec'20

  Covid-19 sparks boom in Middle East digital payments sector

  Stubborn cash use could fall in the Middle East after an acceleration in the take-up of digital payments amid the coronavirus pandemic

• December 15, 2020 15 Dec'20

  Interview: Sudaman Thoppan Mohanchandralal, chief data and analytics officer, Allianz Benelux

  The financial services firm is demonstrating the value of the chief data officer role

• December 11, 2020 11 Dec'20

  Agility key to pandemic recovery, say APAC CFOs

  Chief financial officers in the Asia-Pacific region call for financial transformation to bring about the agility that their organisations need to tide over the pandemic

• December 10, 2020 10 Dec'20

  Challenger banks hindered by lack of customer confidence

  Despite an acceleration in the use of digital banking services, challenger banks face the obstacle of winning customer trust

• December 08, 2020 08 Dec'20

  Societe Generale latest banking giant to cut costs and increase digital investment

  French bank Societe Generale is merging two retail brands and increasing investment in its digital offering to meet its ambitious customer acquisition plans

• December 07, 2020 07 Dec'20

  Singapore government to boost blockchain adoption

  Singapore government unveils S$12m programme to promote development and adoption of blockchain applications beyond financial services

• December 04, 2020 04 Dec'20

  What next for the now-profitable app-based Starling Bank?

  Starling bank is the first of the new breed of UK digital banks to make a profit, so where next?

• December 03, 2020 03 Dec'20

  Allied Irish Bank prioritises digital services as it cuts workforce

  Bank is cutting its operating costs by 10% with job cuts and facility closures, but will continue to invest heavily in technology

• December 03, 2020 03 Dec'20

  Bank of England enlists development partner to unlock cloud

  Bank has agreed a two-year deal with a cloud development platform provider as it seeks to take its cloud journey to the next level

• 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

• 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