News

IT for financial services

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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