News

IT for financial services

• 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

• July 09, 2020 09 Jul'20

  Tencent Cloud teams up with ADBC on banking services

  Singapore’s Asia Digital Bank Corporation could leverage Tencent Cloud’s financial cloud platform to provide banking services to small businesses

• July 08, 2020 08 Jul'20

  Over 15 billion credentials for sale on dark web

  Research by Digital Shadows reveals the scale of the security threat facing consumers as it uncovers 15 billion usernames and passwords stolen in more than 100,000 different data breaches

• July 07, 2020 07 Jul'20

  Banks need to think like Google and not just follow it

  Banks are recruiting senior thinkers from within the IT sector as digital transformations mature

• July 07, 2020 07 Jul'20

  MSP Xchanging attacked in ransomware incident

  Specialist managed services provider is restoring customer access to systems after an unspecified ransomware incident

• July 01, 2020 01 Jul'20

  Société Générale acquires fintech challenger bank

  French bank acquires Shine to expand its services to small businesses and entrepreneurs

• July 01, 2020 01 Jul'20

  FCA estimates about 2.6 million Brits have bought cryptocurrency

  UK financial services regulator says there has been a significant increase in ownership of cryptocurrencies in the UK

• June 30, 2020 30 Jun'20

  BNP Paribas uses biometrics to increase contactless payment limit

  French bank BNP Paribas is enabling customers to make higher value contactless payments through fingerprint-recognition technology

• June 26, 2020 26 Jun'20

  Standard Chartered embarks on virtual internship programme

  Bank offers 300 candidates virtual placements on internship programme

• June 25, 2020 25 Jun'20

  Peer-to-peer lender Zopa gets full banking licence

  Peer-to-peer lending pioneer works towards creating the ‘Netflix of banking’

• June 18, 2020 18 Jun'20

  Nordic business is leading open banking charge in Europe

  Nordic region has the right ingredients to prove open banking can benefit consumers, businesses and the economy

• June 18, 2020 18 Jun'20

  Datacentre investment boost as Norway’s government reinstates tax relief

  Government reinstates datacentre energy tax relief for cryptocurrency mining organisations after investments in the country’s datacentres drops

• June 16, 2020 16 Jun'20

  Danske Bank begins process of creating autonomous development teams

  Danish bank begins the process of changing how thousands of its staff work as it attempts to be more responsive to digital demand

• June 15, 2020 15 Jun'20

  Banking trojans roar back to prominence in May

  Check Point sees an upswing in malicious activity around a number of classic banking trojan malware variants

• June 15, 2020 15 Jun'20

  NatWest develops behavioural biometrics as additional authentication

  Bank is working with Visa to develop behavioural biometrics technology as an extra layer of invisible authentication

• June 12, 2020 12 Jun'20

  Brits get used to life without cash

  British people are getting used to life without cash, as the Covid-19 lockdown forces the adoption of digital payments

• June 12, 2020 12 Jun'20

  Santander to recruit 3,000 more IT staff

  Spanish bank to recruit a further 3,000 tech staff globally to accelerate its digital transformation

• June 12, 2020 12 Jun'20

  Fake contact-tracing apps delivering banking trojans

  Spoof government coronavirus apps are popping up all over the world, says the Anomali Threat Research team

• June 11, 2020 11 Jun'20

  Tech firms respond to Nordic government calls

  Nordic firms are working with tech suppliers to help them get back up and running after Covid-19

• June 10, 2020 10 Jun'20

  Coronavirus: Danske Bank to make permanent changes to working practices

  Danske Bank has seen the value of remote working during the unplanned proof of concept triggered by the Covid-19 pandemic

• June 10, 2020 10 Jun'20

  CaixaBank introduces facial recognition ATMs

  Spanish bank broadens its use of facial recognition technology on cash machines

• June 09, 2020 09 Jun'20

  Bankers say artificial intelligence will separate winners and losers

  The application of artificial intelligence at banks will be the difference between the ones that succeed and the ones that fail in the coming years

• June 05, 2020 05 Jun'20

  Businesses develop apps quickly to manage disruption of Covid-19

  Healthcare companies, insurers, government agencies and big tech companies have used technology from Pegasystems to develop apps to manage the disruption caused by coronavirus

• June 05, 2020 05 Jun'20

  Coronavirus: Digital bank Monzo cuts 120 staff

  Digital challenger Monzo has announced 120 job cuts as it navigates the current economic slowdown

• June 05, 2020 05 Jun'20

  CaixiaBank gets ready to modernise IT using IBM Cloud Pak

  Spanish bank extends IBM relationship with the roll-out of Cloud Pak to modernise IT, which it says will allow it to innovate in quantum computing and blockchain

• June 05, 2020 05 Jun'20

  London Tech Week to go ahead through Zoom

  London Tech week will go ahead next week, with the tech industry attending through Zoom

• June 04, 2020 04 Jun'20

  Dutch organisations invest heavily in compliance – but in vain

  Despite the fact that companies in the Netherlands have invested heavily to comply with GDPR legislation introduced two years ago, 90% of them are still discovering fundamental weaknesses in their IT environment

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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