News
IT for financial services
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October 19, 2020
19
Oct'20
Estonian rude awakening spurs tech startup activity
Money laundering scandal in Estonia has sparked tech startup activity in the Baltic country as banks look for answers
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October 16, 2020
16
Oct'20
UK announces proposals to protect cash amid evolution of digital payments
Government wants to ensure access to physical currency by consumers at retailers of all sizes
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October 16, 2020
16
Oct'20
CIO interview: Generali’s Yanna Winter on the power of data integration
Yanna Winter, CIO and head of IT at insurance firm Generali, discusses how to slice up the legacy IT elephant in the room to enable data-driven applications
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October 14, 2020
14
Oct'20
Fintech ‘unicorn’ Klarna probed over data misuse
Online bank blames misuse of user data on human error as Information Commissioner’s Office weighs in
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October 12, 2020
12
Oct'20
Challenger bank accessing latest anti-money laundering technology through fintech
Challenger banks works with fintech to support its anti-money laundering efforts
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October 12, 2020
12
Oct'20
UK economy could see blockchain boost worth £57bn by 2030
Blockchain could provide major economic benefits by being used to track and trace products and services
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October 09, 2020
09
Oct'20
Magecart strikes website of school payments service Wisepay
Magecart credit card skimmer harvested financial data of users of Wisepay’s platform over a two-day period
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October 07, 2020
07
Oct'20
Consumers find new payment methods during pandemic
Non-cash payments have grown at their fastest rate for a decade and due to Covid-19 restrictions, more people are discovering different ways to pay
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October 07, 2020
07
Oct'20
UK accounts for 45% of Europe’s card fraud as criminals target online transactions
Payment card fraudsters steal €1.5bn, with card-not-present attacks accounting for three-quarters of this sum
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October 05, 2020
05
Oct'20
HMRC warns locked-down freshers of ‘wave’ of tax scams
New university intake may be being targeted by cyber criminals amid Covid-19 confusion
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October 05, 2020
05
Oct'20
Regulator wants fintechs to address pandemic financial challenges
UK financial services regulator is supporting fintechs in addressing some of the challenges consumers and small businesses face amid the current pandemic
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October 05, 2020
05
Oct'20
TSB mobile banking problems a reminder of risk of reliance on digital
TSB customers have had problems accessing the mobile banking app just days after the bank announced it was closing 164 branches
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October 01, 2020
01
Oct'20
Children’s debit card provider Gohenry banks on Google Cloud to ease IT infrastructure growing pains
The CTO and COO of child-focused, parent-controlled debit card service provider Gohenry discusses how moving to the Google Cloud has helped its IT infrastructure avoid user-related growing pains
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September 30, 2020
30
Sep'20
Norway leaves door open to Huawei
Government gives telecoms companies responsibility to choose their equipment suppliers, which could include Huawei
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September 29, 2020
29
Sep'20
Over two million Brits using open banking
Data shows more than two million people in the UK are now taking control of their financial data through open banking
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September 29, 2020
29
Sep'20
NatWest offers online banking customers free security services
Bank responds to a surge in cyber crime targeting users of online banking services
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September 24, 2020
24
Sep'20
Can banks solve money laundering puzzle through technology?
Banks face a huge challenge in identifying and stopping money laundering without interfering with police investigations
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September 23, 2020
23
Sep'20
Over half of firms intend to continue US data transfers despite Schrems II
Survey shows many organisations do not intend to significantly change their data-sharing practices, at least until there is more guidance from regulators or governments
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September 23, 2020
23
Sep'20
Latest Tech Nation fintech cohort reflects diversifying sector
The latest group of fintechs accepted into Tech Nation’s growth programme reflects the diversification of a maturing sector
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September 23, 2020
23
Sep'20
Banks stall return-to-work plans as UK government changes advice
Banks pause plans to bring staff back to the office as the government backtracks on its policy
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September 21, 2020
21
Sep'20
Royal Mint coin production freeze points to digital future for small payments
Royal Mint freezes production of certain coins as demand dries up amid changing consumer habits
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September 17, 2020
17
Sep'20
Swedish bank cuts branches and jobs, increases IT spend
Swedish bank is increasing investment IT to improve digital banking as it reduces its branch network
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September 16, 2020
16
Sep'20
Banks report surge in impersonation scams
Fraudsters are using the Covid-19 crisis to trick people into transferring money to them
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September 16, 2020
16
Sep'20
Deutsche Bӧrse tackles VMware application migration with Google Cloud
German financial exchange firm provides an update on its progress in its move to embrace a hybrid IT and multicloud future
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September 14, 2020
14
Sep'20
Fintech Pledge launched to strengthen UK’s financial technology sector
The Fintech Pledge initiative is designed to foster closer collaboration between banks and fintechs so that the UK can continue building a globally competitive fintech ecosystem
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September 11, 2020
11
Sep'20
Santander to double investment in fintechs
Santander is doubling the amount of money it invests in fintech startups after the success of its funding arm, which was established in 2014
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September 09, 2020
09
Sep'20
Branch-based anti-fraud scheme to be expanded to online banking
A successful branch-based anti-fraud scheme will be expanded by banks to include online and telephone banking
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September 09, 2020
09
Sep'20
Abu Dhabi government launches peer-to-peer coding campus
Abu Dhabi government launches a specialist programming school that uses peer-to-peer teaching methods and gamification
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September 08, 2020
08
Sep'20
Nordic banks invest and innovate to keep digital rivals at bay
Large traditional banks are accelerating their digital transformations as the regional fintech sector makes its presence felt
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September 07, 2020
07
Sep'20
Artificial intelligence keeps HSBC ATMs stocked with cash
HSBC is using artificial intelligence technology developed in-house to help it make sure ATMs are appropriately stocked with cash
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September 07, 2020
07
Sep'20
Dutch bank set to save €5m via Veeam backup upgrade
Rabobank ditched legacy backup where patching took months and restores took hours. Those times are now cut down massively and the bank has a readily available test environment
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September 04, 2020
04
Sep'20
Covid-19 has strained London tech firms but they have central role in recovery
London tech startups are feeling the effects of the economic slowdown brought on by Covid-19, but there is a huge opportunity for those with the right focus
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September 04, 2020
04
Sep'20
Virtual London Tech Week is a sign of the future
London Tech week's virtual event is another sign of how the Covid-19 pandemic has accelerated digital transformation
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September 03, 2020
03
Sep'20
Phishing scam targets Lloyds Bank customers
Bank customers warned of emails and SMS messages that direct them to a fraudulent site and then request account log-in details
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September 03, 2020
03
Sep'20
Insurers accept they were slow to adopt digital
Insurance companies know they must prioritise digital investment and are planning in-house development to help make up lost ground
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September 02, 2020
02
Sep'20
UK to build commercially available quantum computer
The UK government is backing a quantum computing project that will provide businesses with access to the technology
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September 01, 2020
01
Sep'20
UBS streamlines software product development with GitLab
The bank hopes to double the speed of software development, testing and deployment to support applications for clients
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September 01, 2020
01
Sep'20
Norway’s corporates want government to support ‘herd immunity’ to cyber attack
Leading business organisations in Norway call on government to play a more active role in improving and coordinating the country’s cyber defences
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September 01, 2020
01
Sep'20
How Bank Mandiri is driving the use of big data analytics
Indonesia’s largest bank has built a big data platform to track transactions and monitor the health of its workforce, among other big data analytics initiatives
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August 31, 2020
31
Aug'20
How India’s Tata Capital is expanding its digital footprint
Tata Group’s financial services arm has been migrating branch walk-ins and voice calls to self-service digital channels staffed by chatbots as it expands its digital footprint
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August 28, 2020
28
Aug'20
New Zealand activates security services as DDoS outage enters fourth day
New Zealand government calls in its national cyber security agencies to help investigate a continuing cyber attack on the country’s financial systems
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August 27, 2020
27
Aug'20
DDoS downs New Zealand stock exchange for third day
Distributed denial of service attack from overseas has left stock exchange offline for days
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August 27, 2020
27
Aug'20
Financial services business leaders and CIOs disagree on IT infrastructure
IT leaders and senior business executives need to align their technology infrastructure priorities as businesses attempt to emerge from the Covid-19 crisis
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August 27, 2020
27
Aug'20
CTO interview: David Rafalovsky, Sberbank Group
Russia’s Sberbank is well into its digital transformation journey, with artificial intelligence and supercomputing now at the centre of its plans
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August 26, 2020
26
Aug'20
Co-operative cuts branch network and jobs
Co-operative bank will rely more heavily on its digital channels as 18 more branches are shuttered
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August 25, 2020
25
Aug'20
North Korea’s Lazarus targets cryptocurrency vertical
APT group behind the infamous WannaCry incident is targeting cryptocurrency operators, according to new research
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August 17, 2020
17
Aug'20
DBS Bank teams up with AWS on AI skills
Singapore’s DBS Bank is organising an AWS DeepRacer League to equip thousands of employees with skills in artificial intelligence and machine learning
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August 14, 2020
14
Aug'20
Executive interview: Sri Shivananda, chief technology officer, PayPal
Computer Weekly talks to PayPal’s tech head about the payment provider’s SOA, security, open source and the lockdown
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August 10, 2020
10
Aug'20
Gov.uk Verify continues to pose ‘notable risk’ to Cabinet Office
Government Digital Service put in place “unprecedented measures” in response to the Covid-19 coronavirus pandemic and built several new digital services, but its Gov.uk Verify programme continues to “pose notable risk” to the department, according ...
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August 07, 2020
07
Aug'20
Cyber attack combined with Covid-19 puts Travelex into administration
Foreign exchange firm Travelex has cut UK staff by 1,300 and physical outlets will remain closed