News

IT for financial services

• December 15, 2021 15 Dec'21

  UK government to take ‘whole-of-society’ approach to cyber

  Second iteration of the UK’s National Cyber Strategy broadens its focus to build a ‘whole-of-society’ security posture

• December 15, 2021 15 Dec'21

  Which? tells banks to stop rushing branch closures

  Consumer rights protector says banks should pause branch closures until they can ensure people have access to cash and services

• December 14, 2021 14 Dec'21

  Multibillion-dollar quantum opportunities if error rate recedes

  Management consultant McKinsey discusses a potential $700bn opportunity in the pharma, finance, automotive and chemicals sectors

• December 14, 2021 14 Dec'21

  Almost half of networks probed for Log4Shell weaknesses

  Close to half of corporate networks have already been actively targeted by individuals seeking to exploit the critical Log4Shell Apache bug

• December 13, 2021 13 Dec'21

  What is Log4Shell, and why are we panicking about it?

  It’s been described as a ‘design failure of catastrophic proportions’ that threatens the very fabric of the digital world. Find out what the Log4j2 Log4Shell panic is all about, and what you should do about it

• December 10, 2021 10 Dec'21

  Channelling Nordic startup innovation towards global survival

  Nordic startup innovation offers global organisations the green light towards sustainability

• December 09, 2021 09 Dec'21

  What are the challenges associated with the MITRE ATT&CK framework?

  Businesses sometimes struggle to use the MITRE ATT&CK framework effectively. Learn more about some of the challenges, and how to overcome them

• December 08, 2021 08 Dec'21

  2021 another record-breaker for vulnerability disclosure

  More than 50 CVEs were logged every day in 2021, more than at any time since records began, while ethical hackers continue to prove their value

• December 08, 2021 08 Dec'21

  Most consumers expect banks to cover losses to scams

  Consumers expect banks to cover losses to cyber crime, as the number of attacks grows

• December 08, 2021 08 Dec'21

  CIO interview: Nicola Wadham, Financial Ombudsman Service

  CIO Nicola Wadham brings Computer Weekly up to speed on the Financial Ombudsman Service’s IT challenges and successes

• December 07, 2021 07 Dec'21

  Zopa to focus on banking after closing peer-to-peer lending

  Peer-to-peer lending pioneer Zopa to focus on its banking operation after the closure of its original business

• December 07, 2021 07 Dec'21

  Former TSB CEO joins money-sharing fintech

  Paul Pester teams up with fintech heavyweights to target multibillion-pound money-sharing market

• December 07, 2021 07 Dec'21

  Fintech boss fires 900 staff on one Zoom call

  Better.com boss used a Zoom call to tell 900 people they no longer had a job

• December 07, 2021 07 Dec'21

  APAC banks gear up on cloud, but challenges remain

  Public cloud spending by financial institutions in the region is rising even as they grapple with legacy IT challenges and cost concerns

• December 06, 2021 06 Dec'21

  IT Priorities 2022: Pandemic’s long tail for cyber buyers

  Pandemic response has been top of mind for cyber leaders these past 18 months, and as Covid-19 turns two, the TechTarget/Computer Weekly IT Priorities 2022 study shows buyers are still focused on how Covid has upended the workplace

• December 06, 2021 06 Dec'21

  European finance firms increase open banking spend

  Financial services firms are increasing investment in open banking capabilities, with improvements to payment initiation and onboarding capabilities expected

• December 06, 2021 06 Dec'21

  Consumers say supermarkets among best at social engagement

  Many types of business have improved their online interactions with consumers as a result of the pandemic, with consumers claiming supermarkets are among the most engaging

• December 03, 2021 03 Dec'21

  Virgin Money adapts offices to fit flexible and collaborative working

  Virgin Money is repurposing its offices to fit a future where staff will work from home and visit offices to collaborate

• December 03, 2021 03 Dec'21

  Bank of Ireland fined €24.5m for business continuity failures

  Bank of Ireland hit with multi-million euro fine by central bank following an investigation

• December 02, 2021 02 Dec'21

  Millions of credit card details for sale on dark web for as little as 75p

  The credit card details of millions of people from across the world can be bought by criminals using the dark web for as little as $1

• December 01, 2021 01 Dec'21

  Cloud-based Redwood becomes latest challenger bank to make a profit

  Cloud-based business bank becomes the latest of the new wave of challengers to achieve profit

• November 30, 2021 30 Nov'21

  UK bank branch cull continues as TSB condemns 70 more

  TSB’s branch closure programme gathers pace as dozens more high street premises are shuttered

• November 30, 2021 30 Nov'21

  HP patches bugs in over 150 printer models

  More than 150 HP multifunction printers are at risk of compromise through a series of newly disclosed vulnerabilities, one of them wormable

• November 29, 2021 29 Nov'21

  Second Mizuho executive quits after IT problems

  IT failures have forced the CEO of Japanese financial services group to step down

• November 29, 2021 29 Nov'21

  Three latest trends and developments around the Mitre ATT&CK framework

  Framework is set to receive important updates to help organisations and businesses evolve their cyber security. Learn more about what it offers

• November 25, 2021 25 Nov'21

  UK consumers warned of increase in credit card application fraud

  There has been a sharp rise in fraudsters using stolen personal details to open credit card accounts

• November 24, 2021 24 Nov'21

  Societe Generale accelerates data and artificial intelligence strategy

  French investment banking giant increases its focus on data and artificial intelligence as digital transformation matures

• November 23, 2021 23 Nov'21

  Four-day week introduced for staff at digital bank

  UK’s Atom Bank brings in four-day working week for employees with no salary reduction

• November 22, 2021 22 Nov'21

  Upcoming holidays prompt ransomware warning from authorities

  Ransomware gangs know how calendars work, and may target their attacks around major holidays to take advantage of more people being off work, according to a new alert

• November 18, 2021 18 Nov'21

  How Axa drives digitisation forward

  Digital transformation is not a one-shot project – it’s a continuous and evolving process that requires a mindset change in IT management

• November 18, 2021 18 Nov'21

  Government to legislate to make APP fraud reimbursement mandatory

  UK payments regulator wants to reduce the huge sums of money lost to authorised push payment fraud and is calling on the banking and tech industries to play their part

• November 17, 2021 17 Nov'21

  Amazon to stop accepting Visa credit cards in UK due to high fees

  Online retail giant Amazon will stop accepting UK Visa credit card payments from January next year

• November 16, 2021 16 Nov'21

  Blueprint for future high street shows tech’s role in creating thriving communities

  Technology will play an important role in creating thriving communities after Covid-19 lockdowns renew interest in local high streets

• November 16, 2021 16 Nov'21

  Can UAE become a world leader in AI?

  The UAE has launched multiple programmes as it bids to be a world-leading location for artificial intelligence innovation

• November 15, 2021 15 Nov'21

  UK government proposes new rules for digital supply chain security

  Proposals could see IT service providers legally required to adhere to the NCSC’s Cyber Assessment Framework, among other things

• November 15, 2021 15 Nov'21

  CaixaBank system normal after migration of millions of customer accounts

  Spain’s CaixaBank has successfully completed the migration of millions of Bankia customers to its systems

• November 12, 2021 12 Nov'21

  Cost reduction is still the biggest driver of banks’ cloud adoption

  More than 80% of banks now have a clear cloud strategy following a injection of urgency during the Covid-19 pandemic

• November 12, 2021 12 Nov'21

  CaixaBank to complete IT integration of Bankia in two days

  Spanish bank embarks on a massive migration of customer accounts following merger

• November 11, 2021 11 Nov'21

  Finance ombudsman overturns more than three-quarters of bank decisions on APP fraud

  The financial services ombudsman is siding with customers in over 75% of complaints against banks that refuse to repay losses to authorised push payment fraud

• November 11, 2021 11 Nov'21

  Bank of England loses 161 computing devices in three years

  Bank cannot account for phones, laptops and tablets that have gone missing over the past three years

• November 11, 2021 11 Nov'21

  Financial Conduct Authority chooses Aiimi for improved information discovery

  The Financial Conduct Authority has awarded a three-year contract to UK enterprise search firm Aiimi to enable the regulator’s staff to find documents more easily and collaborate better

• November 10, 2021 10 Nov'21

  Traditional banks could get revenue boost if they copy digital challengers

  Traditional banks could see huge sales increases if they adopted the business models of their digital challengers

• November 09, 2021 09 Nov'21

  Standard Chartered picks Starling Bank tech for product launch

  Standard Chartered able to quickly launch new product through fintech platform

• November 09, 2021 09 Nov'21

  Blockchain technology will help banks will cut cross-border payment costs by $10bn in 2030

  The use of blockchain technology in cross-border payments will save global banks $10bn in 2030, according to research

• November 09, 2021 09 Nov'21

  Singapore ups ante in AI with sectoral programmes

  Singapore launches two national AI programmes to bolster adoption of AI by financial institutions and the public sector

• November 08, 2021 08 Nov'21

  CME Group signs 10-year cloud and product innovation deal with Google

  CME Group, one of the world’s largest financial derivatives exchange operators, has signed a multi-year infrastructure migration deal with Google Cloud

• November 07, 2021 07 Nov'21

  Technology spending reaches record levels, fuelling jobs boom

  Spending on IT has reached its highest levels for a decade but a shortage of skilled IT professionals could dampen growth

• November 05, 2021 05 Nov'21

  Inside Krungsri Bank’s open API journey

  Thailand’s Krungsri Bank has been harnessing open application programming interfaces to enable its partners to build new services in a strategy that has won over customers from rival banks

• November 04, 2021 04 Nov'21

  Women grossly underrepresented in global fintech

  Women are CEOs at less than 6% of global financial technology firms and even fewer hold top tech jobs

• November 03, 2021 03 Nov'21

  Quarter of people don’t plan to visit a bank branch again

  A quarter of people have no intention of visiting a bank branch again after experiencing the benefits of digital banking when branches were closed during Covid-19 lockdowns