News

IT for financial services

• June 04, 2025 04 Jun'25

  NCSC sets out how to build cyber safe cultures

  The UK’s National Cyber Security Centre has published guidance for security teams and leaders on how to foster accessible and appropriate cyber security cultures in their organisations

• June 03, 2025 03 Jun'25

  Fintech growth three times that of finance sector as a whole

  Global fintech revenues reached £280bn in 2024, according to Boston Consulting Group report

• May 30, 2025 30 May'25

  Tech adaptability helps Zopa unwrap current account and test generative AI

  Zopa Bank’s current account, already used by thousands of existing customers, will be made available to the wider public before end of 2025

• May 28, 2025 28 May'25

  Remote purchase fraud surges 14%, says banking industry

  Brits lost over £1bn to payment fraud in its many forms last year, according to the latest banking industry numbers

• May 27, 2025 27 May'25

  Maturing UK fintechs increase tech and cyber security hiring

  Increased hiring reflects that fintechs are maturing and now require more cyber security and compliance experts

• May 27, 2025 27 May'25

  Armed forces charity steps in to address cyber mental health crisis

  CIISec and military charity PTSD Resolution hope to address a gathering mental health crisis among frontline cyber professionals

• May 22, 2025 22 May'25

  Microsoft raises posse to target dangerous Lumma malware

  Microsoft, along with a consortium of partners, has seized and disrupted a significant part of the Lumma malware-as-a-service network used to steal data and funds

• May 22, 2025 22 May'25

  Lloyds and Nationwide to use UK finance sector LLM

  Industry-specific large language models could improve customer services, strengthen security and support regulatory compliance

• May 21, 2025 21 May'25

  Strong fintech security posture at risk via third-party weak links

  Despite having a strong security posture, the financial technology sector could be open to attack via third parties

• May 21, 2025 21 May'25

  Ransomware attacks dropped by a third last month

  Reported ransomware attacks eased off during April following a dramatic spike in the first quarter of 2025

• May 16, 2025 16 May'25

  Mid-career professionals must learn to understand and use AI as GenAI tips balance

  Whether in the finance, IT or legal sectors, artificial intelligence will change the way businesses operate and how their people work

• May 15, 2025 15 May'25

  How close is quantum computing to commercial reality?

  At a recent event, experts explored the progress towards logical qubits and how these will be applied to empower business IT

• May 14, 2025 14 May'25

  BBVA creates ChatGPT Store and expands use of the GenAI tool

  Data reveals that bank employees are saving an average of almost three hours every week by using ChatGPT

• May 13, 2025 13 May'25

  May Patch Tuesday brings five exploited zero-days to fix

  Microsoft fixes five exploited, and two publicly disclosed, zero-days in the fifth Patch Tuesday update of 2025

• May 12, 2025 12 May'25

  Italian bank signs 10-year deal with Google Cloud

  UniCredit will transform operations through cloud, AI and data analytics technologies from Google Cloud

• May 09, 2025 09 May'25

  Interview: Amanda Stent, head of AI strategy and research, Bloomberg

  Hallucinating AI, which lies through its teeth, keeps Amanda Stent busy at data analytics and intelligence giant Bloomberg

• May 09, 2025 09 May'25

  Nordic countries plan offline payment system for disaster backup

  Board member of the Bank of Finland reveals plan as likelihood of losing internet connectivity increases amid geopolitical tensions

• May 07, 2025 07 May'25

  Oxford Uni adds cyber resilience module to MBA programme

  Oxford University’s Saïd Business School is working with cyber response specialist Sygnia to help future business leaders get on top of security

• May 07, 2025 07 May'25

  UK hands Indian IT suppliers competitive boost in trade deal

  Trade deal will exempt IT workers from India from paying National Insurance contributions for three years

• May 06, 2025 06 May'25

  Fintech summit reveals what’s next for sector

  The UK’s fintech sector attracted $3.6bn investment last year, which was only bettered by the US, but how will UK fintech continue to grow?

• April 30, 2025 30 Apr'25

  Current SaaS delivery model a risk management nightmare, says CISO

  JPMorgan Chase security chief Patrick Opet laments the state of SaaS security in an open letter to the industry and calls on software providers to do more to enhance resilience

• April 30, 2025 30 Apr'25

  FCA wants ‘safe place’ for finance firms to test artificial intelligence

  Financial services regulator proposes artificial intelligence testing environment as part of its AI Lab

• April 30, 2025 30 Apr'25

  Artificial intelligence roles the ‘only safe jobs in banking’

  World’s biggest banks have increased the number of employees working with artificial intelligence by 13% in the past six months

• April 24, 2025 24 Apr'25

  Interview: Daniele Tonella, CTO, ING

  The bank’s global CTO has been in the role for less than a year and in that time has been working his way through four layers of tech

• April 24, 2025 24 Apr'25

  March ransomware slowdown probably a red herring

  An apparent slowdown in ransomware attack volumes is raising eyebrows, but the statistics never tell the full story

• April 21, 2025 21 Apr'25

  CW Innovation Awards: DBS AI assistant slashes call times and boosts productivity

  The bank’s in-house generative AI tool is streamlining customer service, reducing manual work and speeding up response times, improving both employee and customer experience

• April 17, 2025 17 Apr'25

  Tariff turmoil is making supply chain security riskier

  Many businesses around the world are taking the decision to alter their supplier mix in the face of tariff uncertainty, but in doing so are creating more cyber risks for themselves, according to a report

• April 16, 2025 16 Apr'25

  Saudi Arabia struggling to reach global leadership in deeptech

  Petrostate monarchy trying to build surrogate industry made of foreign startups because own ecosystem is too immature

• April 15, 2025 15 Apr'25

  Hertz warns UK customers of Cleo-linked data breach

  Car hire giant Hertz reveals UK customer data was affected in a cyber incident orchestrated via a series of vulnerabilities in Cleo managed file transfer products

• April 15, 2025 15 Apr'25

  UK challenger bank targets US’s mid-tier banking sector with tech platform

  Starling Bank expands its banking as a service platform sales operation into the North American market

• April 10, 2025 10 Apr'25

  Lloyds Bank moves AI work onto Google Cloud platform

  Banking group is cutting its emissions and accelerating the development of AI platforms by moving work onto Google Cloud

• April 10, 2025 10 Apr'25

  Spirit of openness helps banks get serious about stopping scams

  Recent announcements show that banks, financial services firms and IT companies are increasing efforts to curb online scams

• April 08, 2025 08 Apr'25

  Spoofing vuln threatens security of WhatsApp Windows users

  Meta has disclosed and patched a potentially dangerous spoofing flaw in WhatsApp for Windows that could have caused big problems for unwitting users

• April 08, 2025 08 Apr'25

  Over £18m stolen from Santander UK customers in first three months of year

  Bank’s latest quarterly report on scams said over £18m was stolen from its UK customers by scammers

• April 07, 2025 07 Apr'25

  Fintech body calls on government for national anti-fraud centre

  Industry body says a national anti-fraud centre could be the vehicle required to effectively fight fraud through data sharing

• April 04, 2025 04 Apr'25

  Norway and Nordic financial sector ramps up cyber security

  Finans Norge sets up cyber security unit CTSU to support the finance sector in Norway amid increasing threats

• April 04, 2025 04 Apr'25

  Banks to share fraud data with tech firms in cross-sector collaboration

  UK banks join tech firms in fraud data-sharing initiative to enable collaboration on action to stop online scams

• April 03, 2025 03 Apr'25

  Danish supercomputer to drive innovation

  Supercomputer project will add a competitive edge to drive innovation and growth among Denmark’s enterprises and research organisations

• April 02, 2025 02 Apr'25

  UKtech50 2025 – 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 on – let us know who you would like to nominate for this year's list

• April 01, 2025 01 Apr'25

  Gmail ‘bubble’ encryption may be an S/MIME killer, says Google

  Marking the 21st anniversary of Gmail, Google is preparing to roll out an end-to-end encryption standard for its email service in hopes of democratising encryption and leaving old standards in the dust

• March 31, 2025 31 Mar'25

  Top 1,000 IT service providers in scope of UK cyber bill

  The government’s proposed Cyber Security and Resilience Bill is set to include regulatory provisions covering both datacentre operators and larger IT service providers

• March 26, 2025 26 Mar'25

  More than 200 Lloyds Bank bosses to receive artificial intelligence training

  Lloyds Banking Group is running a six-month training programme with the aim of building AI skills among its senior leadership

• March 24, 2025 24 Mar'25

  ‘Bankenstein’ and a cold calculation means banking crashes will continue

  Following a three-day crash at Barclays, UK banks were forced to explain to MPs when, how and why digital services became unavailable over past two years

• March 21, 2025 21 Mar'25

  NCSC, DSIT enlist IBM to spearhead cyber diversity agenda

  IBM signs on to a partnership deal in support of the popular NCSC CyberFirst Girls scheme designed to foster gender diversity in the cyber security profession

• March 21, 2025 21 Mar'25

  Dutch workforce faces radical transformation as AI adoption accelerates

  While the Netherlands leads Europe in AI adoption, a deeper analysis of the labour market reveals a more nuanced narrative than the apocalyptic predictions of job losses

• March 20, 2025 20 Mar'25

  NCSC proposes three-step plan to move to quantum-safe encryption

  The NCSC urges service providers, large organisations and critical sectors to start thinking today about how they will migrate to post-quantum cryptography over the next decade

• March 19, 2025 19 Mar'25

  Clop resurgence drives ransomware attacks in February

  The exploitation of two new vulnerabilities in a popular file transfer service saw the Clop ransomware gang soar in February, according to NCC

• March 17, 2025 17 Mar'25

  How Oracle is using AI to combat financial crime

  The tech giant is leveraging artificial intelligence to surface fraudulent financial transactions and improve the efficiency of financial crime investigations, offering relief to banks battling high costs and alert fatigue

• March 13, 2025 13 Mar'25

  SuperBlack ransomware may have ties to LockBit

  Forescout researchers report on a new ransomware gang that appears to be keeping the legacy of the notorious LockBit crew alive

• March 13, 2025 13 Mar'25

  Government announces inevitable end to Payments Services Regulator

  The government has abolished the Payments Services Regulator and will move responsibilities to Financial Conduct Authority