News

IT for financial services

• June 29, 2021 29 Jun'21

  New Nobelium attacks a reminder to attend to cyber basics

  A new campaign from the same threat group that broke into SolarWinds serves as a reminder that cyber crime gangs will try to exploit any avenue they can, even if technically unsophisticated

• June 29, 2021 29 Jun'21

  UK Cyber Security Council launches inaugural initiatives

  Security association seeks to determine terms of reference for committees to oversee standards and ethics, and qualifications and careers in the cyber sector

• June 28, 2021 28 Jun'21

  Insurers unprepared for challenges of underwriting ransomware

  RUSI think tank calls for an industry-wide reset amid intense challenges for providers of cyber security insurance

• June 28, 2021 28 Jun'21

  Zopa Bank to make profit in its first year

  Bank set up by peer-to-peer lending fintech firm expected to make a profit in its first year

• June 28, 2021 28 Jun'21

  UK’s FCA bans crypto exchange Binance as crackdown spreads

  Ban on Binance Markets comes amid a wider global crackdown on the largely unregulated global market for cryptocurrencies and related assets.

• June 28, 2021 28 Jun'21

  German merger to fuel savings fintech expansion

  German savings fintechs merge and plan European and US expansion

• June 28, 2021 28 Jun'21

  HMRC-branded phishing scams surge despite protections

  The number of HMRC-branded phishing scams surged 87% in the past 12 months, according to latest revealed figures

• June 25, 2021 25 Jun'21

  Brighton tourists charged thousands of pounds for fairground ride after Worldpay glitch

  Tourists at a Brighton attraction were overcharged by thousands of pounds due to a glitch at payment processor Worldpay

• June 24, 2021 24 Jun'21

  Visa to acquire Swedish open banking fintech for €1.8bn

  Payments giant Visa agrees to pay €1.8bn to acquire Tink, a specialist open banking fintech

• June 24, 2021 24 Jun'21

  Revealed: Crypto platform’s role in Cl0p ransomware raid

  Crypto infrastructure provider Binance provided assistance to law enforcement after finding its exchange was being used by cyber criminals to launder their ransomware profits

• June 24, 2021 24 Jun'21

  Oracle signs multi-year database modernisation deal with Deutsche Bank to support its cloud plans

  Database software giant signs a deal with Deutsche Bank to support the financial services company’s ongoing hybrid cloud-focused digital transformation plans

• June 24, 2021 24 Jun'21

  Lloyds Bank to close 44 more branches

  Banking group has announced the closure of a further 44 branches as customers increasingly use other channels for banking

• June 24, 2021 24 Jun'21

  Make ransomware payments illegal, say 79% of cyber pros

  Report produced for MSSP Talion claims overwhelming support for the criminalisation of ransomware payments

• June 16, 2021 16 Jun'21

  Contactless payments accounted for a quarter of all UK payments in 2020

  Restrictions in everyday life brought by the Covid-19 pandemic fuelled an increase in the use of contactless payment technology during 2020

• June 15, 2021 15 Jun'21

  Japanese bank boss to leave after IT failures

  Mizuho Bank president takes the blame for widespread IT system failures at the organisation

• 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