News
IT for financial services
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July 06, 2021
06
Jul'21
Gulf hospitals flock to digital health to manage lifestyle diseases
The Middle East is accelerating its take-up of digital healthcare technologies following lessons learned in the Covid-19 pandemic
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July 06, 2021
06
Jul'21
Nordic fintech could lead the world
Will the Nordics become the fintech and open banking innovation capital of the world?
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July 05, 2021
05
Jul'21
Quarter of UK financial services staff want to continue working from home
Working from home looks set to stay in the finance sector after Covid-19 restrictions are lifted, as staff express their preferences for remote working
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July 05, 2021
05
Jul'21
Klarna’s alumni thrive with new ventures after witnessing path to success
Former Klarna employees are using their experiences with the fintech giant to create the next wave of Swedish tech startups
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July 02, 2021
02
Jul'21
Should I be worried about PrintNightmare?
The accidental publication of proof of concept code for a Windows vulnerability, and the reclassification of said bug from low to critical severity, has the cyber community concerned. Is it right to be?
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July 01, 2021
01
Jul'21
Nordic mobile wallets to merge onto single tech platform
Plans underway to merge the mobile wallets of various Nordic banks into a single public cloud-based technology platform
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July 01, 2021
01
Jul'21
US Cybersecurity and Infrastructure Security Agency launches ransomware assessment tool
Newly launched service will help US organisations understand how prepared they are to deal with a ransomware attack
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July 01, 2021
01
Jul'21
NHS IT fraudster Barry Stannard sentenced to five years in prison
Stannard used his position as head of unified communications at an Essex NHS Trust to cheat the taxpayer of more than £800,000
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June 29, 2021
29
Jun'21
Bank branches will be a thing of the past in five years, say bankers
Traditional bank branches are likely to disappear from the high street in the next five years, but banking ecosystems will ensure customer service levels are high, say bankers
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June 29, 2021
29
Jun'21
New Nobelium attacks a reminder to attend to cyber basics
A new campaign from the same threat group that broke into SolarWinds serves as a reminder that cyber crime gangs will try to exploit any avenue they can, even if technically unsophisticated
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June 29, 2021
29
Jun'21
UK Cyber Security Council launches inaugural initiatives
Security association seeks to determine terms of reference for committees to oversee standards and ethics, and qualifications and careers in the cyber sector
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June 28, 2021
28
Jun'21
Insurers unprepared for challenges of underwriting ransomware
RUSI think tank calls for an industry-wide reset amid intense challenges for providers of cyber security insurance
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June 28, 2021
28
Jun'21
Zopa Bank to make profit in its first year
Bank set up by peer-to-peer lending fintech firm expected to make a profit in its first year
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June 28, 2021
28
Jun'21
UK’s FCA bans crypto exchange Binance as crackdown spreads
Ban on Binance Markets comes amid a wider global crackdown on the largely unregulated global market for cryptocurrencies and related assets.
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June 28, 2021
28
Jun'21
German merger to fuel savings fintech expansion
German savings fintechs merge and plan European and US expansion
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June 28, 2021
28
Jun'21
HMRC-branded phishing scams surge despite protections
The number of HMRC-branded phishing scams surged 87% in the past 12 months, according to latest revealed figures
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June 25, 2021
25
Jun'21
Brighton tourists charged thousands of pounds for fairground ride after Worldpay glitch
Tourists at a Brighton attraction were overcharged by thousands of pounds due to a glitch at payment processor Worldpay
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June 24, 2021
24
Jun'21
Visa to acquire Swedish open banking fintech for €1.8bn
Payments giant Visa agrees to pay €1.8bn to acquire Tink, a specialist open banking fintech
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June 24, 2021
24
Jun'21
Revealed: Crypto platform’s role in Cl0p ransomware raid
Crypto infrastructure provider Binance provided assistance to law enforcement after finding its exchange was being used by cyber criminals to launder their ransomware profits
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June 24, 2021
24
Jun'21
Oracle signs multi-year database modernisation deal with Deutsche Bank to support its cloud plans
Database software giant signs a deal with Deutsche Bank to support the financial services company’s ongoing hybrid cloud-focused digital transformation plans
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June 24, 2021
24
Jun'21
Lloyds Bank to close 44 more branches
Banking group has announced the closure of a further 44 branches as customers increasingly use other channels for banking
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June 24, 2021
24
Jun'21
Make ransomware payments illegal, say 79% of cyber pros
Report produced for MSSP Talion claims overwhelming support for the criminalisation of ransomware payments
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June 16, 2021
16
Jun'21
Contactless payments accounted for a quarter of all UK payments in 2020
Restrictions in everyday life brought by the Covid-19 pandemic fuelled an increase in the use of contactless payment technology during 2020
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June 15, 2021
15
Jun'21
Japanese bank boss to leave after IT failures
Mizuho Bank president takes the blame for widespread IT system failures at the organisation
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June 11, 2021
11
Jun'21
IR35 tribunal sees Nationwide IT contractor lose second appeal against £70,000 HMRC tax bill
Tribunal dismisses second appeal by IT project manager Robert Lee that his contracts with Nationwide would fall out of scope of the IR35 legislation
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June 10, 2021
10
Jun'21
Risk data shows UK energy sector most vulnerable to cyber attack
New report compiled by insurance firm Hiscox reveals the state of cyber preparedness in the UK and beyond
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June 09, 2021
09
Jun'21
RSA spins out fraud and risk unit as Outseer
RSA Security is transitioning its fraud and risk intelligence work into a new business to be called Outseer
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June 09, 2021
09
Jun'21
BBVA to cut 3,000 jobs in Spain as digital technology transforms industry
Spanish bank is the latest to announce swingeing branch and job cuts amid increased digital competition
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June 09, 2021
09
Jun'21
Klarna takes on UK credit card providers with feature that breaks up online payments
Fintech unicorn introduces feature to its app in the UK which will challenge traditional credit card providers
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June 07, 2021
07
Jun'21
Bank of England calls for feedback on digital currencies
The UK financial services regulator is calling for feedback from organisations, including tech firms, on the use of cryptocurrency
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June 04, 2021
04
Jun'21
HSBC offers all businesses scam awareness app
HSBC is sharing information on the latest scams and how to defend against them thorough its latest app, available to all businesses
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June 03, 2021
03
Jun'21
Swedish university is behind quantum computing breakthrough
Chalmers University of Technology simplifies the process of measuring the temperatures of quantum computers during complex calculations
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June 01, 2021
01
Jun'21
Ex-IT manager stole over £800,000 from NHS trust
A former senior IT manager at an Essex NHS trust has pleaded guilty to defrauding his employer out of more than £800,000
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May 31, 2021
31
May'21
Great Eastern doubles down on data analytics
Singapore insurer Great Eastern has started a centre of excellence to drive adoption of data analytics and hone its capabilities in data governance and data engineering
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May 26, 2021
26
May'21
Millions of pounds lost to crypto fraud on social media
More than £63m has been lost nationally by victims of investment fraud via a social media platform, says Action Fraud
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May 20, 2021
20
May'21
Credit Suisse to recruit more than 1,000 tech staff in India
Credit Suisse is hiring more IT professionals in India to supports its plan to develop a global tech hub
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May 19, 2021
19
May'21
India’s HCL to hire 1,000 tech professionals in the UK
Indian IT suppliers set to create thousands of IT jobs in the UK, which supports their intention to have more staff based closer to customers
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May 19, 2021
19
May'21
Barclays first bank to publish online scam refund details
All banks must be transparent about the proportion of victims of authorised push payment fraud they refund, says consumer rights organisation Which?
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May 18, 2021
18
May'21
Post Office Horizon inquiry set to be given statutory status with wider powers
The government inquiry into the Post Office Horizon scandal is set to be made statutory with the power to call witnesses under oath and compel provision of evidence
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May 18, 2021
18
May'21
Shift to digital remittances helps sector retain transaction value
Global remittance volumes and value was more resilient than expected over the past year, partly as a result of the take-up of fintech services
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May 18, 2021
18
May'21
Santander says sorry for weekend tech outage
Bank’s customers were unable to access multiple banking channels because of technical problems
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May 06, 2021
06
May'21
Government urged to add scam protections to Online Safety Bill
Group of organisations calls for the government to use the Online Safety Bill to protect people from cyber scams
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May 06, 2021
06
May'21
Netherlands to build new national supercomputer
The Netherlands has laid out plans for its next national supercomputer, to be known as Snellius
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May 06, 2021
06
May'21
HSBC blocks £249m in UK fraud with voice biometrics
HSBC voice recognition technology has reduced telephone banking fraud as demand for the channel increases
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April 28, 2021
28
Apr'21
Covid-19 security challenges leave bank customers at risk
Challenges arising from the pandemic have left gaping holes in banking security, putting consumers at risk of fraud
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April 22, 2021
22
Apr'21
GCHQ: Cyber investment a guarantor of UK’s global status
GCHQ director Jeremy Fleming sets out a vision for the UK’s cyber security future
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April 20, 2021
20
Apr'21
Banco Santander moving more than 200 servers to cloud per day
Banco Santander has migrated about 60% of its IT infrastructure to the cloud and is reaping the benefits
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April 19, 2021
19
Apr'21
UK fintech investment hits new heights as government announces increased support
The UK fintech sector saw high levels of investment in the first quarter of this year, with increased support from the government
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April 16, 2021
16
Apr'21
Finnish government strengthens country’s IT network security
Finland’s government has created a new national organisation to help public and private bodies improve network security
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April 15, 2021
15
Apr'21
Microsoft is most impersonated brand in phishing attempts
Technology companies continue to be frequently spoofed by cyber criminals in their phishing attempts