News

IT for financial services

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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 ...

• 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

• August 07, 2020 07 Aug'20

  Challenger bank sees huge growth during pandemic

  Starling Bank has seen a big increase in its business amid the Covid-19 slowdown

• August 05, 2020 05 Aug'20

  Netherlands investigates innovative privacy technology SSI

  Dutch research organisation is looking into areas where self-sovereign identity technology could be used in society and business

• August 05, 2020 05 Aug'20

  Egypt’s datacentre plans take key step forward

  Government lays the foundations for a datacentre industry with its new data protection law

• August 05, 2020 05 Aug'20

  Brits, terrified of impact of second Covid-19 wave on finances, turn to money management apps

  People are using apps to help them manage their money amid fears of a second coronavirus lockdown in the UK

• August 04, 2020 04 Aug'20

  Google links with eight US banks for current accounts

  Tech giant works with banks to layer digital services on top of secure and regulated banking infrastructures

• July 30, 2020 30 Jul'20

  Barclays CEO says Canary Wharf office set to stay despite home working success

  Barclays chief says the success of home working during the Covid-19 pandemic has taught the banks lessons, one of which is that major centres like Canary Wharf will remain

• July 30, 2020 30 Jul'20

  Finland government funds work on potential quantum leap

  Finland's government is committing money to the development of quantum computing technologies to potentially provide a giant leap for the nation's industries

• July 30, 2020 30 Jul'20

  Accenture selected for key role in Bank of England core settlement system replacement

  Accenture will be technology delivery partner in project to replace the core system used to settle payments between banks

• July 29, 2020 29 Jul'20

  Bank of Ireland fined for six-year-old IT breach

  Bank of Ireland fined by regulator for its failings to prevent fraud six years ago

• July 28, 2020 28 Jul'20

  Digital bank customer data breached through third party

  FBI is investigating digital bank customer data breach that occurred via a former third-party supplier

• July 28, 2020 28 Jul'20

  UK government aims fintech industry at Africa

  UK government is building fintech relationships with developing countries, beginning with a pilot programme in Africa

• July 27, 2020 27 Jul'20

  CIO interview: Hany Choueiri, chief data officer, Aldermore Bank

  Digital transformation, cloud and data science are central to the specialist bank's response to the coronavirus pandemic

• July 27, 2020 27 Jul'20

  UK fintech investment down by more than 30%

  Less-established fintechs have been hit the hardest by the drop in investment capital, but there is light ahead for those that survive

• July 27, 2020 27 Jul'20

  IT expertise in banking boardrooms reduces risk, finds Europe’s central bank

  Banks with more IT knowledge in the boardroom are more realistic about risk, according to Europe’s banking regulator

• July 27, 2020 27 Jul'20

  CTO interview: TransferGo’s Edgardo Savoy discusses skills and product innovation

  Improved user experience has opened up tech to many people, but ease of use distances young people from the tech going on under the hood

• July 22, 2020 22 Jul'20

  Lloyds bank buys into cloud-native payments

  Lloyds Banking Group continues its digital journey by investing in and investigating a cloud-based payments service

• July 22, 2020 22 Jul'20

  New opportunities for Nordic startups post-Covid-19 as virtual offices become the norm

  As companies adjust to digital office life in the pandemic era, a host of Nordic startups are already helping them convert these short-term fixes into long-term strategy

• July 22, 2020 22 Jul'20

  BNP Paribas joins IBM financial services cloud project

  IBM’s financial services cloud is gathering steam as more banks join its public cloud ecosystem of finance firms and developers

• July 21, 2020 21 Jul'20

  Why now could be the right time to launch a digital bank

  Launching a bank during a global crisis is fraught with risk, but an established customer base, experience, agility and diversification could help Zopa do just that

• July 21, 2020 21 Jul'20

  HMRC extends Making Tax Digital programme

  Programme to be extended gradually until April 2023 to cover business below the VAT threshold and income tax self-assessments above £10,000 a year

• July 21, 2020 21 Jul'20

  Santander consumer arm to automate further after Nordic project

  Time and cost savings achieved by RPA pilot were high and customer experience improved, says bank

• July 20, 2020 20 Jul'20

  Government launches fintech review

  Sector review, first touted in the 2020 Budget, aims to find ways to boost competitiveness and growth

• July 17, 2020 17 Jul'20

  BBVA explores quantum computing for banking

  Early results from BBVA's research into quantum computing shows that the technology's application in complex computational tasks in banking is not far away

• July 16, 2020 16 Jul'20

  IR35 private sector reforms: Government response to Finance Bill Sub-Committee inquiry slammed

  Contracting stakeholders claim HMRC and HM Treasury are ‘burying their heads in the sand’ over impact IR35 reforms are set to have on the private sector

• July 16, 2020 16 Jul'20

  Banks face fairness challenges as they commit to AI technology

  Banks working with artificial intelligence technology face governance challenges to ensure AI-based decisions are fair and ethical

• July 16, 2020 16 Jul'20

  Room for improvement in Dutch digital skills

  The Netherlands has good telecommunications and IT networks that can be used safely and reliably, but there is room for improvement in digital skills among the Dutch

• July 15, 2020 15 Jul'20

  Huge declines in traditional outsourcing as Covid-19 puts a stop on deals

  Traditional IT outsourcing deals value plummets in the last quarter as contracts dry up amid Covid-19 disruption

• July 15, 2020 15 Jul'20

  HSBC chooses AWS for public cloud business operations

  HSBC will use a cloud platform from Amazon Web Services across its business operations to accelerate its public cloud use

• July 15, 2020 15 Jul'20

  Singapore’s Project Ubin hits commercialisation milestone

  A blockchain payments network prototype spearheaded by Singapore’s central bank and its partners could speed up and lower the cost of cross-border payments

• July 14, 2020 14 Jul'20

  Standard Chartered latest bank to explore quantum computing

  Standard Chartered is working with researchers to establish use cases for quantum computing in the banking sector

• July 09, 2020 09 Jul'20

  HSBC customers targeted in new smishing scam

  SMS phishing scam is targeting HSBC customers in the UK to trick them into handing over their bank account details

• July 09, 2020 09 Jul'20

  Locked-down Nationwide staff make 2.5 million video calls in June

  Home-working technologies are no longer just a contingency for large companies, with future working practices set to change

• July 09, 2020 09 Jul'20

  Dutch banking’s transaction monitoring utility gets green light

  Plans for a shared utility to monitor financial transactions in the Netherlands have been given the go-ahead after six months of proving the concept

• July 09, 2020 09 Jul'20

  Most finance firms are multicloud, but many are unprepared for public cloud cyber attacks

  Financial services firms are moving to the cloud at pace, but many are uncertain whether they could cope with an attack on an application based in the public cloud