News

IT for financial services

• April 27, 2023 27 Apr'23

  Zopa’s emotional journey to becoming a bank

  Zopa Bank’s CEO sees no reason why the app-based bank should not be as big as the high street giants

• April 25, 2023 25 Apr'23

  Lloyds Bank joins industry IT standards group

  UK banking giant Lloyds Banking Group has joined an industry group which promotes global IT standards

• April 20, 2023 20 Apr'23

  Banks don’t want to develop fintech in-house

  Banks are increasingly partnering with fintechs to gain access to their platforms, with few interested in developing such capabilities in-house

• April 20, 2023 20 Apr'23

  UK SMEs are the most tech savvy in Europe

  UK SMEs have taken to contactless payments faster than their counterparts in continental Europe

• April 19, 2023 19 Apr'23

  IT Priorities 2023: Budget optimism among EMEA IT leaders

  IT leaders across the EMEA region are optimistic that their budgets will increase over the coming year

• April 19, 2023 19 Apr'23

  Global finance firms take part in NATO cyber attack simulation

  Global financial services organisations take part in NATO annual event which simulates cyber attacks on critical infrastructure

• 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

• April 18, 2023 18 Apr'23

  Reduced spending on cloud services weighs European IT services market down

  Reduced spending on cloud services in the EMEA region meant a year-on-year drop in total IT and BPO services spend

• April 14, 2023 14 Apr'23

  Former TSB CIO fined for migration meltdown

  Both TSB and its CIO have now been fined for the catastrophic migration of TSB’s core banking system

• April 13, 2023 13 Apr'23

  Thousands at risk from critical RCE bug in legacy MS service

  Thousands of organisations worldwide are at risk from three vulnerabilities – one critical – in a legacy Microsoft service that they may not be aware they are running

• April 13, 2023 13 Apr'23

  Three charged over banking fraud for hire website

  UK authorities have charged three men in connection with the operation of a website that sold social engineering tools to cyber fraudsters

• April 13, 2023 13 Apr'23

  Sweden and Finland make advances in quantum computing

  Separate Swedish and Finnish quantum computing projects make promising advances in the technology of the future

• April 12, 2023 12 Apr'23

  April Patch Tuesday fixes zero-day used to deliver ransomware

  A zero-day in the Microsoft Common Log File System that has been abused by the operator of the Nokoyawa ransomware is among 97 vulnerabilities fixed in April’s Patch Tuesday update

• April 12, 2023 12 Apr'23

  Gartner: Rebalance cyber investment towards human-centric elements

  Security decision-makers need to reprioritise their investment outlooks towards people, rather than technology, according to the latest market forecast from Gartner

• April 12, 2023 12 Apr'23

  Bank of England starts recruiting Britcoin team

  The Bank of England is recruiting people to join its team focused on the development of a digital pound

• April 12, 2023 12 Apr'23

  Deutsche Bank to close Russian software operations

  German bank has been winding down its Russia-based software development operations and is close to shutting them down

• April 11, 2023 11 Apr'23

  UKtech50 2023: Help us find the most influential people in UK IT

  Computer Weekly’s annual search for the 50 most influential people in UK IT is back – let us know who you would like to nominate for this year’s list

• April 11, 2023 11 Apr'23

  Experian names AWS as preferred cloud partner for multi-year off-premise migration project

  Credit reporting agency Experian is embarking on a multi-year cloud migration project with AWS

• April 05, 2023 05 Apr'23

  Quick-acting Rorschach ransomware appears out of nowhere

  Emergent Rorschach ransomware strain is highly advanced and quite unusual in its capabilities, warn researchers, who say they have been unable to link it to any other known strains

• 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

• April 04, 2023 04 Apr'23

  Threat researchers dissect anatomy of a Royal ransomware attack

  Trellix researchers share the inside track on a Royal ransomware attack that hit one of its customers in late 2022

• April 04, 2023 04 Apr'23

  UAE central bank selects partners for phase one of digital currency programme

  The UAE central bank has kicked off the first phase of its project to launch a digital currency

• April 04, 2023 04 Apr'23

  Over 90% of organisations find threat hunting a challenge

  Understaffed security teams and high levels of background noise are making basic security operations tasks a chore for defenders, according to a report

• April 03, 2023 03 Apr'23

  Lloyds and NatWest banks join Barclays in latest round of branch closures

  Lloyds and NatWest banks announce more branch closures as UK high streets continue to be stripped of banking services

• March 31, 2023 31 Mar'23

  Generative AI central to Accenture’s tech vision

  Generative AI will play a central role over the next 10 years as the digital and physical world become more and more integrated

• March 30, 2023 30 Mar'23

  OSC&R supply chain security framework goes live on Github

  The OSC&R framework for understanding and evaluating threats to supply chain security has made its debut on Github to allow anybody to contribute to the framework

• March 30, 2023 30 Mar'23

  NCSC issues revised security Board Toolkit for business leaders

  National Cyber Security Centre calls on CEOs and senior business leaders to take a more hands-on approach to cyber resilience with the launch of revised board-level tools

• 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

• March 30, 2023 30 Mar'23

  Climate change vs technology: Study suggests tech investments could mitigate environmental risks

  Bloomberg Media report, sponsored by investment firm Mubadala, highlights human impacts of various industry megatrends, including climate change and technology adoption

• March 29, 2023 29 Mar'23

  UK’s open banking industry at a crossroads

  The UK open banking sector is at a crossroads and suppliers need more certainty about its direction, says report

• March 29, 2023 29 Mar'23

  Lloyds Bank looking for fintech partners

  Lloyds Banking Group wants to partner startups in the financial services sector in its latest fintech and insurtech programme

• March 28, 2023 28 Mar'23

  Apple security updates fix 33 iPhone vulnerabilities

  A larger-than-usual update to Apple’s mobile operating system fixes more than 30 distinct vulnerabilities, including two serious issues that may potentially affect device kernels

• March 28, 2023 28 Mar'23

  BNP Paribas moves to Swedish datacentre in high-performance computing strategy

  BNP Paribas is moving data-intensive workloads to a Swedish datacentre to increase capacity while reducing its carbon footprint

• 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

• March 28, 2023 28 Mar'23

  Ransomware attacks up 45% in February, LockBit responsible

  NCC Group says it observed a surge in ransomware attacks in February, with LockBit, BlackCat and BianLian all highly active

• March 27, 2023 27 Mar'23

  Many of world’s biggest banks lack transparent policies for responsible AI

  It is unclear whether many of the world’s largest banks have adopted and are using ethical artificial intelligence development principles

• March 27, 2023 27 Mar'23

  CBI launches campaign to boost UK tech unicorns

  The CBI has launched a campaign to transform the UK’s technology unicorns into decacorns valued at $10bn, with specific policy recommendation due to be published later in 2023

• March 27, 2023 27 Mar'23

  JP Morgan pilots palm and face-recognition technology in US

  JP Morgan is testing out its biometric payment technology in selected retailer stores and at the upcoming Formula 1 Grand Prix in Miami

• March 24, 2023 24 Mar'23

  National Crime Agency sting operation infiltrates cyber crime market

  The UK National Crime Agency has tricked thousands of potential cyber criminals into registering with a fake website pretending to offer tools for creating DDoS attacks

• 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

• March 23, 2023 23 Mar'23

  Nationwide Building Society begins another ‘generational’ tech change

  Nationwide Building Society's migration of its payments to a cloud-based software platform is a ‘generational change’

• 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

• March 21, 2023 21 Mar'23

  Ransomware gangs harass victims to ‘bypass’ backups

  Analysis reveals how cyber criminal gangs are turning to extensive, targeted harassment campaigns to force victims to pay up, even if their backups are in good order

• March 20, 2023 20 Mar'23

  NatWest announces ID service for its customers

  The identities of NatWest customers engaging with businesses online can be confirmed by the bank's ID service in seconds

• March 20, 2023 20 Mar'23

  BBC cracks down on TikTok after review

  The BBC is asking staff not to install TikTok on corporate-owned devices without a justified business purpose, although its use will still be allowed to share media content with its audiences

• March 20, 2023 20 Mar'23

  Inside AIA’s cloud adoption journey

  The Hong Kong-based multinational insurance firm has moved 86% of its IT infrastructure to public cloud to drive growth, productivity and efficiency

• March 17, 2023 17 Mar'23

  UK TikTok ban gives us all cause to consider social media security

  The UK government’s ban on TikTok should give all organisations cause to look into what information social media platforms are collecting on us, and what they are using it for

• March 16, 2023 16 Mar'23

  BEC attacks doubled in 2022, outstripping ransomware

  Massive growth in the volume of Business Email Compromise or BEC attacks was linked to a surge in successful phishing campaigns, according to data from Secureworks

• March 16, 2023 16 Mar'23

  Mandiant: Dangerous MS Outlook zero-day widely used against Ukraine

  A zero-day vulnerability in Microsoft Outlook that was fixed in the March Patch Tuesday update has likely been actively exploited by Russian actors for a year or more, and its use will now spread rapidly

• March 15, 2023 15 Mar'23

  Chinese Silkloader cyber attack tool falls into Russian hands

  A loader tool used by Chinese cyber criminals seems to have been enthusiastically taken up in recent weeks by Russian ransomware operators