News

IT for financial services

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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?

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• April 14, 2021 14 Apr'21

  Europe provides growth for TCS despite year floored by pandemic

  Tata Consultancy Services grows its continental European business despite economic slowdown brought by Covid-19 restrictions

• April 12, 2021 12 Apr'21

  Another 27 Danish banks get access to open banking APIs

  Nordic banks gain access to open banking capabilities from Nordic API Gateway, with an agreement through their shared IT service provider

• April 09, 2021 09 Apr'21

  NCSC: Using your pet’s name as a password is very stupid

  If your email password is still Rex, Rover or Mr Fluffles, it’s probably best to change it, the NCSC has said

• April 08, 2021 08 Apr'21

  Future working models at big banks begin to fall into place

  Banks traditionally lead the way in technology adoption, but what can businesses take from their post-Covid-19 remote-working strategies?

• April 08, 2021 08 Apr'21

  CIO interview: Gary Delooze, CIO, Nationwide

  Building society’s CIO talks about building a technology strategy, working with the rest of the business and the Covid-19 pandemic

• April 08, 2021 08 Apr'21

  IBM Cloud for Financial Services goes on general release

  IBM Cloud’s push to provide sector-specific public cloud services to financial services firms enters a new phase

• April 08, 2021 08 Apr'21

  Inside Microsoft’s industry cloud strategy

  Microsoft dives deeper into its industry cloud strategy and what it means for enterprises in the Asia-Pacific region

• April 07, 2021 07 Apr'21

  A billion extra contactless payments in year since limit increase

  Visa said there was an extra one billion contactless payments made by its customers last year

• April 07, 2021 07 Apr'21

  Irish employees’ ‘right to disconnect’ enshrined in code of practice

  A code of practice giving employees the ‘right to disconnect’ from work and not engage in electronic communications outside of their normal hours has come into effect in Ireland

• March 31, 2021 31 Mar'21

  Commerzbank picks Google for cloud migration

  German bank expands its work with Google Cloud and plans to move 85% of applications to its platform

• March 30, 2021 30 Mar'21

  IR35 reforms: Slow government progress on umbrella regulation exposes IT contractors to tax risks

  With thousands of IT contractors set to start working through unregulated umbrella companies for the first time when the IR35 reforms take hold in the private sector, concerns are growing about the danger this could pose to their income and tax ...

• March 29, 2021 29 Mar'21

  How far has open banking come in Europe?

  Open banking is a relatively new concept, having come into effect in Europe only in the last couple of years. So what is the state of play?

• March 29, 2021 29 Mar'21

  TSB Smart Agent integrated into mobile banking app

  TSB has integrated a smart agent, developed to relieve pressure on its contact centres during the Covid-19 pandemic, into its mobile app

• March 29, 2021 29 Mar'21

  CW Innovation Awards: How DBS is transforming credit processes

  DBS Bank’s credit architecture programme has digitised and reimagined credit processes through a unified platform that has improved the productivity and efficiency of its credit teams

• March 22, 2021 22 Mar'21

  Post Office staff instructed to shred documents that undermined its claims Horizon was robust

  Barrister advising the Post Office in 2013 stated that destroying documents would "amount to a conspiracy to pervert the course of justice"

• March 19, 2021 19 Mar'21

  Post Office IT scandal executive forced out of job at Football Association of Wales

  Angela van den Bogerd has left her role at the Football Association of Wales, following criticism of her part in Post Office IT scandal

• March 17, 2021 17 Mar'21

  Capita restructures to simplify its business

  Business services supplier creates two core units that focus on public sector and commercial enterprise customers and will sell off non-core assets

• March 16, 2021 16 Mar'21

  One-fifth of all UK tech investment went to just 10 scaleup firms in 2020

  Annual Tech Nation report shows UK technology firms saw record levels of investment in 2020, but a significant proportion of it was concentrated in a small number of scaleup enterprises

• March 16, 2021 16 Mar'21

  Insurers unable to fill a quarter of tech roles

  Insurance companies need to fill tech skills gaps if they are going to prosper in the age of insurtech

• March 16, 2021 16 Mar'21

  Banks still lack tech skills at the top

  Banks have made progress in adding IT knowledge in their boardrooms, but they need more as digital transformation accelerates

• March 09, 2021 09 Mar'21

  UK's Starling Bank reaches unicorn status

  UK app-based bank Starling reaches unicorn status following its latest round of funding

• March 09, 2021 09 Mar'21

  EBA restores services after Microsoft Exchange attack

  European Banking Authority was breached through vulnerabilities in Microsoft Exchange Server, but is now back online

• March 08, 2021 08 Mar'21

  Wipro makes its biggest acquisition ever with $1.45bn takeover

  Indian IT services supplier Wipro makes biggest acquisition in its history as it bolsters consultancy offering

• March 08, 2021 08 Mar'21

  Nordic innovators change emphasis on gender equality in society

  Female technology innovators in the Nordics take a different approach to trying to improve opportunities for women