News

IT for financial services

• December 12, 2025 12 Dec'25

  National Audit Office praises Bank of England after complex mega-project

  Public spending watchdog says the Bank of England’s core system replacement project offers lessons to other government departments

• December 09, 2025 09 Dec'25

  Microsoft patched over 1,100 CVEs in 2025

  The final Patch Tuesday update of the year brings 56 new CVEs, bringing the year-end total to more than 1,100

• December 05, 2025 05 Dec'25

  Interview: Paul Neville, director of digital, data and technology, The Pensions Regulator

  Data, automation and artificial intelligence are driving the regulator to take new approaches to its work and how it supports the pensions industry, leading to improved experiences for everyone in the UK who has a pension

• December 04, 2025 04 Dec'25

  Constrained budgets left security teams short-handed in 2025

  With 2024 seeing surges in security funding cuts, lay-offs and hiring freezes, 2025 brought some relief for cyber pros, but constrained budgets are leaving security teams short-staffed

• December 03, 2025 03 Dec'25

  NCSC and BT block a billion dangerous clicks

  A protective service jointly developed by the NCSC and BT has disrupted over a billion potential cyber incidents by stopping members of the public from clicking through to dangerous websites

• December 02, 2025 02 Dec'25

  CIO interview: Innovation in reworking business processes

  David Holton, chief transformation officer at Cambridge and Counties Bank, talks IT modernisation and agentic AI

• November 26, 2025 26 Nov'25

  US breach reinforces need to plug third-party security weaknesses

  Cyber breach at US financial sector tech provider highlights the risk of third-party vulnerabilities in finance ecosystems

• November 25, 2025 25 Nov'25

  Tech central to swingeing job cuts at ABN Amro

  Simplification enabled by the use of the latest technologies underpins Dutch bank’s plan to cut thousands of jobs

• November 24, 2025 24 Nov'25

  UK digital bank Revolut sees value jump £23bn in a year

  UK-headquartered fintech firm sees its valuation increase dramatically with its latest share sale

• November 19, 2025 19 Nov'25

  Government-backed coalition to end gazumping in property market

  The government wants a digital platform that can address ‘inefficiencies’ causing stress for homeowners and inflicting huge costs to the economy

• November 19, 2025 19 Nov'25

  Cloudflare contrite after worst outage since 2019

  Cloudflare CEO Matthew Prince apologises for the firm’s worst outage in years and shares details of how a change to database system permissions caused a cascading effect that brought down some of the web’s biggest names

• November 19, 2025 19 Nov'25

  Artificial intelligence helps Klarna double revenues with half the staff

  Swedish fintech has gradually replaced half of its staff with artificial intelligence and doubled its revenues

• November 18, 2025 18 Nov'25

  Cloudflare outage disrupts public web services

  An outage at web traffic management specialist Cloudflare has caused disruption across the internet

• November 17, 2025 17 Nov'25

  UK investment bank IT outages cost £600k an hour

  Survey respondents say there are barriers to resilience for UK investment banks, including a skills shortage and internal resistance

• November 14, 2025 14 Nov'25

  NS&I’s digital overhaul £1.3bn over budget

  NAO calls on the government-owned savings bank to come up with ‘realistic plan’ as digital transformation programme runs four years behind, and total costs rise to £3bn

• November 13, 2025 13 Nov'25

  Two-thirds of finance firms use suppliers for AI agent development

  Survey finds more banks and insurers are working with suppliers rather than going it alone when developing artificial intelligence agents

• November 12, 2025 12 Nov'25

  Microsoft users warned over privilege elevation flaw

  An elevation of privilege vulnerability in Windows Kernel tops the list of issues to address in the latest monthly Patch Tuesday update

• November 12, 2025 12 Nov'25

  IT services companies and datacentres face regulation as cyber security bill reaches Parliament

  The Cyber Security and Resilience Bill will require large IT services companies, including datacentres, to report security incidents within 24 hours

• November 12, 2025 12 Nov'25

  How Japanese banking giant MUFG is using AI

  Japan’s largest bank aims to transform into an AI-native company by using agentic AI, changing how it handles data, and inking key partnerships with OpenAI and Sakana AI

• November 10, 2025 10 Nov'25

  Oxford launches Equinox to build innovation hub in region

  Oxford University and its host city have launched Equinox as a regional organisation uniting academia, business and government to establish Oxfordshire as a global innovation hub

• November 10, 2025 10 Nov'25

  DBS enhances GenAI chatbot for business clients

  The bank’s virtual assistant, DBS Joy, has been enhanced with generative AI capabilities to provide business customers with faster and better answers to their queries

• November 05, 2025 05 Nov'25

  Government to broaden ‘narrow’ computing curriculum

  Planned changes to the computer science curriculum announced following independent review recommendations

• November 04, 2025 04 Nov'25

  Ryt Bank taps agentic AI for conversational banking

  Malaysia’s Ryt Bank is using its own LLM and agentic AI framework to allow customers to perform banking transactions in natural language, replacing traditional menus and buttons

• November 04, 2025 04 Nov'25

  The Security Interviews: Colin Mahony, CEO, Recorded Future

  Recorded Future’s CEO talks threat intelligence, AI in cyber security and the ever-changing cyber threat landscape

• October 31, 2025 31 Oct'25

  Cyber agencies co-sign Exchange Server security guide

  US and allied cyber agencies team up to try to nudge users to pay more attention to securing Microsoft Exchange Server

• October 29, 2025 29 Oct'25

  Scope of US state-level privacy laws expands rapidly in 2025

  Nine state-level data protection laws have come into force in the US this year, and three more are slated for January 2026. Navigating this complex landscape is becoming a challenge

• October 27, 2025 27 Oct'25

  LockBit 5.0 expands targeting amid ransomware escalation

  The LockBit RaaS operation is back in action, with technical features and expanded targeting, and is contributing to a steadily growing number of ransomware attacks

• October 24, 2025 24 Oct'25

  UK ramps up ransomware fightback with supply chain security guide

  Multinational guidance, developed by the UK and Singapore, is designed to help organisations reinforce their supply chain against ransomware attacks

• October 24, 2025 24 Oct'25

  Banks’ AI cost-cutting benefits won’t last, will ‘erode’ profits

  Banks are making significant cost savings through initial artificial intelligence implementations, but the technology will eventually hit their profits

• October 20, 2025 20 Oct'25

  The Netherlands faces €12bn R&D investment gap as productivity stagnates

  Dutch government unveils nine-point plan to meet European 3% GDP target after its competitiveness ranking plummeted

• October 17, 2025 17 Oct'25

  AI talent war sees UBS recruit leadership from JPMorgan

  Research from Evident reveals US banks lead the way in AI adoption in the finance sector, with a talent war simmering

• October 17, 2025 17 Oct'25

  HMRC rolls out Microsoft Copilot AI

  HM Revenue and Customs has begun to roll out Microsoft 365 Copilot to its staff, with the aim of making productivity savings

• October 16, 2025 16 Oct'25

  Pet insurers fuel AI take up in veterinary sector

  Through tech startups, insurers are offering artificial intelligence-based veterinary services as part of pet insurance contracts

• October 16, 2025 16 Oct'25

  UK banks must be more like Big Tech to catch the US on AI, which comes with a high price

  Evident research into artificial intelligence adoption in banking reveals US banks dominate when it comes to making AI work for the business

• October 15, 2025 15 Oct'25

  AI World: Oracle brings agents to bear on world of finance

  Oracle AI World has seen a host of new introductions, among them agentic capabilities for customer finance teams

• October 15, 2025 15 Oct'25

  India’s biggest IT firm to create 5,000 UK jobs

  Indian IT giant will increase its UK-based workforce by thousands over the next three years

• October 15, 2025 15 Oct'25

  AI will create a better world, says Oracle’s Ellison

  Oracle ramped up its plans to lead in all things AI on the opening day of its renamed customer event, AI World, with founder Larry Ellison emphasising AI’s transformative potential

• October 14, 2025 14 Oct'25

  Finnish tech partnership reaches ambitious heights

  Partnership will explore how combining quantum computing and artificial intelligence can create dynamic benefits in areas such as materials science and complex simulations

• October 14, 2025 14 Oct'25

  Swedish banks and state join forces to boost cyber security

  Sweden’s leading finance institutions have joined forces with state security agencies to develop an integrated cyber defence strategy

• October 09, 2025 09 Oct'25

  Warlock ransomware may be linked to Chinese state

  The operators of Warlock ransomware who exploited a set of SharePoint Server vulnerabilities earlier this year likely have some kind of link to the Chinese government, researchers claim

• October 07, 2025 07 Oct'25

  Alert over Medusa ransomware attacks targeting Fortra MFT

  Microsoft warns it is seeing potential mass exploitation of a Fortra GoAnywhere vulnerability by a threat actor linked to the Medusa ransomware-as-a-service operation.

• October 07, 2025 07 Oct'25

  The Security Interviews: David Bradbury, CSO, Okta

  Okta’s chief security officer talks security by default and explains why he thinks time is running out for the shared responsibility model

• October 01, 2025 01 Oct'25

  US government shutdown stalls cyber intel sharing

  A key US law covering cyber security intelligence sharing has expired without an extension or replacement amid a total shutdown of the federal government, putting global security collaboration at risk.

• October 01, 2025 01 Oct'25

  Interview: Wayne Barlow, head of terminal products, Bloomberg

  Techie turned business leader Wayne Barlow heads up the development of Bloomberg’s customer-touching terminal software

• October 01, 2025 01 Oct'25

  Over half of UK adults use mobile wallets

  Cash accounted for less than 10% of payments in the UK in 2024, according to UK Finance figures

• September 30, 2025 30 Sep'25

  Apple’s first iOS 26 security update fixes memory corruption flaw

  Apple issues an update for its brand new iOS 26 mobile operating system, fixing a potentially dangerous vulnerability affecting iPhones, iPads and other Mac devices

• September 30, 2025 30 Sep'25

  Bank of America builds GenAI assistant for instant answers for customers

  Queries that would take an employee an hour to answer are completed almost instantaneously with the Bank of America’s generative AI assistant

• September 29, 2025 29 Sep'25

  UK and US urge Cisco users to ditch end-of-life security appliances

  An ongoing campaign of cyber attacks is targeting users of end-of-life Cisco security appliance kit

• September 29, 2025 29 Sep'25

  Global payments network Swift builds blockchain capability

  Not-for-profit global payments network to initially use blockchain-based shared ledger for cross-border payments, with further use cases to follow

• September 26, 2025 26 Sep'25

  Over half of India-based companies suffer security breaches

  Business supply chains, which include Indian companies, are at risk of attack as more than half of suppliers were breached last year