News

IT for financial services

• 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

• 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?

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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’

• 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

• 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

• 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

• 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?

• March 12, 2020 12 Mar'20

  CIO interview: Miguel Rio Tinto, Emirates NBD

  The Dubai-based banking group’s CIO, Miguel Rio Tinto, talks about its ambitious digital transformation plans

• March 12, 2020 12 Mar'20

  Dutch landscape attracts fintech exploration

  In 2019, the Netherlands had more than 450 companies active in financial technology. The country’s “polder model”, in which new and traditional companies work closely together, offers many opportunities for fintechs

• March 11, 2020 11 Mar'20

  Fintech workers called to share their experiences of microaggression

  Fintech workers were asked to share upsetting workplace incidents as part of an anonymous study

• March 11, 2020 11 Mar'20

  International Women’s Day provides platform for Nordic women in tech

  International annual event reminds tech industry that work needs to be done to reduce inequality, but organisations must work towards this on a daily basis

• March 10, 2020 10 Mar'20

  VAT software supplier exposed data of millions

  Eight million sales records belonging to UK and EU consumers left exposed due to misconfigured server

• March 10, 2020 10 Mar'20

  Lloyds Banking Group signs five-year Google Cloud deal

  The retail bank has a multi-cloud strategy as part of its multi-billion digital transformation initiative

• March 09, 2020 09 Mar'20

  Bill Gates backs Crest fintech security scheme for Africa and Asia

  UK-based cyber security accreditation and certification non-profit Crest has been awarded a $1.4m grant from the Bill and Melinda Gates Foundation to expand cyber security capacity for fintechs in Africa and Asia

• March 05, 2020 05 Mar'20

  IR35 tribunal sees Nationwide project manager lose £70,000 tax bill appeal to HMRC

  IR35 tribunal judge concludes working relationship between two parties is one of employment, with project manager Robert Lee described as ‘part and parcel’ of Nationwide’s organisation

• March 02, 2020 02 Mar'20

  HMRC CEO denies it is ‘deliberately misleading’ public over loan scheme promoter arrests

  HMRC CEO Jim Harra has “strongly rejected” claims made on social media by the Loan Charge All Party Parliamentary Group of cross-party MPs that it is “deliberately misleading” the public about its recent loan scheme-related enforcement activities

• March 02, 2020 02 Mar'20

  Nordic lessons on digital transformation

  Swedish financial services firm reports a successful IT outsourcing project with India-based IT services company

• February 27, 2020 27 Feb'20

  Gove warns EU that UK sovereignty is non-negotiable on eve of trade deal talks

  The UK and the EU have published their divergent mandates for trade talks due to start on Monday 2 March 2020, and digital may emerge as a long-term terrain of dispute

• February 27, 2020 27 Feb'20

  IR35 private sector reforms: Treasury review concludes no delay needed to April 2020 start date

  Contracting groups describe HM Treasury’s highly anticipated review into the implementation of the IR35 reforms as “recklessly inadequate” as it concludes roll-out should proceed as planned

• February 26, 2020 26 Feb'20

  Thousands of UK entrepreneurs register businesses in Estonia since Brexit referendum

  UK entrepreneurs are registering businesses in Estonia to make sure they can continue to trade freely in the EU

• February 25, 2020 25 Feb'20

  Mastercard creates 1,500 tech jobs in Ireland

  New roles at tech hub in Dublin will include professionals with expertise in artificial intelligence, cyber security, blockchain and user experience

• February 24, 2020 24 Feb'20

  IR35 private sector reforms: First year of enforcement won't be ‘heavy-handed’, claims chancellor

  New chancellor Rishi Sunak has moved to assure business leaders that HMRC will not be heavy-handed in enforcing the new IR35 rules

• February 19, 2020 19 Feb'20

  Refinitiv uses Google Cloud to revolutionise delivery of huge datasets

  Financial data giant is expanding delivery of its services in the cloud, removing the need for customers to use hard disks and trucks to transport large datasets onsite

• February 19, 2020 19 Feb'20

  Swedish consumer-protection legislation will hit fintechs

  New financial regulation to protect consumers from agreeing to unnecessary credit will force financial technology companies to make changes to their products

• February 17, 2020 17 Feb'20

  Mastercard opens European security resilience unit

  Mastercard’s European Cyber Resilience Centre will bring together its partners and other industry bodies to support enterprise resilience

• February 12, 2020 12 Feb'20

  Brexit cited as reason for German digital bank’s UK exit

  German challenger bank N26 leaves the UK, saying Brexit is the reason behind the decision due to the removal of passporting rights

• February 11, 2020 11 Feb'20

  Chinese military personnel accused of Equifax hack

  A US federal grand jury has indicted four Chinese army personnel over the 2017 Equifax breach

• February 10, 2020 10 Feb'20

  Two-thirds of workers at risk of robot-driven redundancy are unaware of the threat to jobs

  People who do jobs that are most likely to be automated through technology are unaware and unprepared of the impending threat to their livelihoods, with Nesta calling on the government to do more to up-skill those at risk

• February 09, 2020 09 Feb'20

  Australian government to roll out SAP S/4 Hana

  Australia’s finance department earmarks S/4 Hana as its ERP system to provide common financial and HR services across government

• February 07, 2020 07 Feb'20

  IR35 private sector reforms: HMRC confirms last-minute tweak to incoming off-payroll rules

  The government is rolling out a tweak to the IR35 private sector reforms that it claims will give businesses more time to prepare, but stakeholders are unconvinced

• February 07, 2020 07 Feb'20

  Goldman Sachs considers building cloud service to sell to other finance firms

  Internal memo reveals that bank could provide an Amazon Web Services-like cloud service to financial services companies