News
IT for financial services
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June 01, 2020
01
Jun'20
Employees must be consulted on technologies monitoring the return to work
Experts say the workforce must be ‘in the room’ and given a meaningful say about technologies introduced to monitor their return to work following the Covid-19 pandemic
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June 01, 2020
01
Jun'20
HSBC platform uses AI to analyse trading data thousands of times faster
HSBC is offering its US share trading customers artificial intelligence-powered insights into public information about listed companies
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June 01, 2020
01
Jun'20
How Saudi Arabia is using cloud to navigate the Covid-19 downturn
Organisations in Saudi Arabia are using cloud computing services to help them navigate challenges caused by the coronavirus pandemic
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May 29, 2020
29
May'20
UK fintech investment reaches record high
Huge increases in UK fintech investment over the past three years has seen the sector explode, but most of the activity is still concentrated in London
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May 28, 2020
28
May'20
TSB Bank digitises banking forms in response to coronavirus lockdown
As part of its 2022 digital strategy, TSB has begun rolling out electronic forms designed in Adobe XD and processed using Adobe Sign
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May 26, 2020
26
May'20
One-third of all bank jobs are now tech-related
The proportion of jobs in banks that are technology-related is growing quickly, accelerated further by the Covid-19 pandemic
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May 21, 2020
21
May'20
Coronavirus: Dutch work on XR technology shows promise in pandemic scenario
Netherlands leads the way in the development of extended reality technology, which could prove its value in a crisis such as Covid-19
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May 20, 2020
20
May'20
Coronavirus: Bahrain sees fintech take-up surge amid Covid-19 crisis
Covid-19 has spurred the use of financial technology in Bahrain, which could boost the industry in the country and wider Gulf region
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May 15, 2020
15
May'20
Coronavirus: Digital bank’s valuation falls as it seeks funds to ride Covid-19 storm
Monzo is seeking new investment to help it through the coronavirus pandemic
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May 14, 2020
14
May'20
Coronavirus: Nearly £2bn of UK fintech investment lost so far
Investment into UK fintechs falls dramatically during Covid-19 pandemic as venture capitalists hold back
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May 14, 2020
14
May'20
Deutsche Bank’s planned tech spend unaffected by global crisis
Deutsche bank is driving on with its ambitious IT investment plans, with the Covid-19 pandemic, if anything, adding fuel to it
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May 13, 2020
13
May'20
Google-powered algorithm set to modernise insurance brokering
Algorithm, developed in conjunction with UCL, drives a Lloyd’s of London syndicate electronically
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May 12, 2020
12
May'20
Coronavirus: Nationwide’s human expertise used to quickly build smart agent amid pandemic
Nationwide Building Society is the latest financial services company to quickly automate customer services related to Covid-19
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May 12, 2020
12
May'20
Banks failing to protect customers from coronavirus fraud
Just 13 of the 64 banks accredited for the government’s Coronavirus Business Interruption Loan Scheme have implemented Dmarc protection
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May 06, 2020
06
May'20
CIO interview: Andrew Lennon, CIO, Barings, on Covid-19, data science and mergers
Forget rogue traders, Barings is still going strong, and the investment bank's CIO is leading the way with data science and other enabling technologies
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May 06, 2020
06
May'20
Cash use to go below 5% of total spending in Middle East
Banks expect a rapid reduction of the use of cash in the region
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May 06, 2020
06
May'20
End-users failing to protect themselves online
Remote workers and stuck-at-home consumers are taking silly risks with their security during the coronavirus pandemic, according to a report
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May 05, 2020
05
May'20
Coronavirus: TSB develops smart agent to help staff during pandemic
TSB took just five days to design and implement a smart digital agent to answer customer questions during the Covid-19 pandemic
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May 04, 2020
04
May'20
Coronavirus: UK finance regulator gives more time for payment security compliance
Financial Conduct Authority has extended the deadline for payment processors to meet payment security standard
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May 04, 2020
04
May'20
NatWest Bank shutters its app based bank after five months
NatWest is closing its consumer-facing, app-based bank and increasing its focus on mobile business bank Mettle
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May 01, 2020
01
May'20
No going back to packed workplaces after Covid-19
A recent project by IT service providers outlines how, in a post-coronavirus world, businesses like Barclays Bank will reduce their reliance on skyscrapers packed with people
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April 30, 2020
30
Apr'20
Mobile banking customers at risk from new EventBot trojan
Customers of Barclays, HSBC, Santander and many other banks should be alert to a dangerous new trojan
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April 29, 2020
29
Apr'20
Coronavirus: Cash use plummets during UK lockdown
Consumers are switching to digital payment methods amid the current global pandemic crisis
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April 29, 2020
29
Apr'20
Coronavirus: Call for extension to European payment security standard deadline
Payment processors across Europe want more time to meet the SCA payment security standard
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April 28, 2020
28
Apr'20
Covid-19 will decimate fintechs, but those that survive will prosper
The coronavirus will wipe out some fintechs, but those that get through it will share in the next growth phase of the industry's development
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April 24, 2020
24
Apr'20
How likely are IT service providers to offer discounts in an unprecedented global recession?
As the global economy slows, businesses are trying to cut costs, with IT services one of the first stops – but what are the chances of a happy outcome?
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April 23, 2020
23
Apr'20
Ransomware-stricken Travelex up for sale
Travelex’s parent Finablr is washing its hands of the ransomware-stricken forex provider as it struggles with the twin shocks of the Covid-19 pandemic and a developing fraud scandal
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April 23, 2020
23
Apr'20
Nasdaq gives customers real-time data through cloud platform
US stock exchange uses public cloud and APIs to provide investment companies with real-time data on trading activity
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April 22, 2020
22
Apr'20
Coronavirus: Banking and mobile sectors collaborate to stop text scams
Initiative aims to protect 50 genuine brands and government organisations from being impersonated by cyber criminals
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April 22, 2020
22
Apr'20
Traditional banks need to do more than gloss over back-end systems with fintech paint
Banks need to work with fintechs if they are to prosper in the new world, but first they must update their back-end systems
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April 20, 2020
20
Apr'20
Dutch organisations address business email compromise fraud
Public-private partnership in the Netherlands works to break the chains used by fraudsters to carry out BEC attacks
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April 20, 2020
20
Apr'20
CaixaBank uses hybrid of conventional and quantum computers to classify risk
Spain's CaixaBank is using quantum computers as part of a project to assess risk using machine learning algorithms
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April 16, 2020
16
Apr'20
Coronavirus: Cyber attacks on banks seen spiking, says Carbon Black
VMware’s Carbon Black observes a spike in cyber attacks on financial services organisations
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April 15, 2020
15
Apr'20
Coronavirus: Lloyds Bank to give thousands of tablet devices to over-70s
Banking group is giving away tablets and basic digital training to help vulnerable customers stay connected during the UK’s Covid-19 lockdown
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April 14, 2020
14
Apr'20
Apple and Netflix most imitated brands in phishing attacks
A new report highlights the brands which are being most frequently spoofed by cyber criminals in phishing attacks
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April 08, 2020
08
Apr'20
IR35 private sector reforms: Blanket bans on limited company contractors hold firm despite deferral
While many firms have seized on the government’s decision to delay the roll-out of the IR35 reforms to rethink their approach, others are sticking by their decision to ban limited company IT contractors from their workforce
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April 01, 2020
01
Apr'20
Coronavirus: Use of fintech apps in Europe accelerates
Fintech apps are being increasingly used by consumers as restrictions on their movements are put in place
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April 01, 2020
01
Apr'20
Swedbank to rebuild anti-money laundering systems after damning report
Report finds that €36.7bn in transactions, all carrying a high risk for money laundering, were processed through the bank’s branch network in Estonia, Latvia and Lithuania
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March 31, 2020
31
Mar'20
Gartner: Top-performing companies understand CX
Those businesses that measure customer experience, either through surveys, real-time analytics or the use of artificial intelligence, are more profitable
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March 31, 2020
31
Mar'20
Insurance company uses artificial intelligence to assess car damage when claims are made
In the latest insurtech development, the UK arm of insurance company Ageas is using artificial intelligence to assess vehicle damage in accidents
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March 26, 2020
26
Mar'20
Nordic fintechs urge financial literacy to be taken seriously before it’s too late
Fintechs in the Nordic region hope to prevent more adults getting into financial difficulty through apps that educate people about managing their finances at an early age
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March 24, 2020
24
Mar'20
Norwegian banking app gives access to other banks’ accounts
Banking customers can access and make payments from their other bank accounts using the DNB Mobile Bank app
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March 24, 2020
24
Mar'20
Coronavirus: Contactless spending limit increased to fight pandemic
Banking and financial services trade body UK Finance to increase spending limit for contactless payments to £45 from the start of April
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March 24, 2020
24
Mar'20
Coronavirus: Fintechs create Covid Credit to help self-employed prove income loss
Financial technology professionals have created a tool that will support self-employed people claiming financial relief from the government during the Covid-19 pandemic
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March 23, 2020
23
Mar'20
Interview: Jamil Farshchi, CISO, Equifax
Equifax CISO Jamil Farshchi discusses public cloud and why it’s not something IT security professionals should be afraid of
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March 19, 2020
19
Mar'20
Loan charge under review: Cross-party group of MPs slams government inquiry into tax policy
The government’s independent inquiry into the loan charge disguised remuneration policy has been criticised in a report by a cross-party group of MPs for being ‘fundamentally flawed’
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March 18, 2020
18
Mar'20
Prudential turns to AI to secure computer networks against cyber attacks
Prudential, the UK’s largest listed insurer, is turning to artificial intelligence to protect its computer networks in the US, Asia and Africa from malware hackers and internal threats
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March 18, 2020
18
Mar'20
IR35 private sector reforms: Coronavirus prompts Treasury to delay start date to April 2021
HM Treasury confirms roll-out of IR35 reforms to the private sector will be halted for a year to ease the pressure on businesses in the face of the coronavirus outbreak
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March 17, 2020
17
Mar'20
Travelex under threat as insolvency risk, hacking costs and coronavirus take their toll
Foreign exchange group’s future remains uncertain as its parent company, Finablr, prepares for potential insolvency
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March 13, 2020
13
Mar'20
Budget 2020: Full of promises, but is it enough?
Chancellor Rishi Sunak’s Budget provided plenty of cash for technology and innovation, but has the government done enough to make the tech industry happy?