News

IT for financial services

• September 19, 2019 19 Sep'19

  CTO interview: Paul Clark, Tandem Bank

  Tandem Bank’s chief technology officer had a close encounter with legacy banking when he left his previous job to pursue a career in fintech

• September 19, 2019 19 Sep'19

  Direct Line built an insurtech it can tweak a thousand times a day

  Insurance group Direct Line has added a new business to its portfolio, designed to let it act as a sandbox for its digital journey

• September 18, 2019 18 Sep'19

  Emotet phishing botnet returns from summer vacation

  The Emotet phishing trojan-turned-botnet is back in action after a three-and-a-half month break, say threat researchers

• September 17, 2019 17 Sep'19

  Travelex launches fintech platform for B2B customers

  Travelex has launched a digital platform that enables businesses to use its services via application programming interfaces

• September 17, 2019 17 Sep'19

  Ecuador citizens’ data breach holds lessons for enterprises

  What caused the mass breach of Ecuadorian citizens’ data, and what can businesses learn from it?

• September 16, 2019 16 Sep'19

  Gartner Catalyst: Prepare for web giants crushing your industry

  Companies like Amazon and Alibaba are taking a bigger chunk of the customer journey, but they are also spreading across industry sectors

• September 13, 2019 13 Sep'19

  Ditch hoodies and hackers to encourage diverse security recruitment

  The cyber security industry needs to address a systemic image problem if it is to succeed in recruiting more diverse teams

• September 13, 2019 13 Sep'19

  When AIs go to war: Autonomous cyber weapons ‘inevitable’

  CISOs must start thinking about how to engage with intelligent, adaptive, non-human attackers, says Trend Micro’s Rik Ferguson

• September 13, 2019 13 Sep'19

  Dutch banks to work together in fight against money laundering

  Dutch banks are sharing expertise and resources to help reduce money laundering through their accounts

• September 13, 2019 13 Sep'19

  Fintech lender increases loan limit as customer demand accelerates

  Small business lender Esme Loans has increased its loan limit to quarter of a million pounds as businesses are drawn to its simple and fast digital platform

• September 13, 2019 13 Sep'19

  Industry opposition to no-deal Brexit hardens, says TechUK

  A survey of TechUK members has found that 71% believe a no-deal Brexit at the end of October will negatively affect them in spite of their preparations

• September 12, 2019 12 Sep'19

  Less than quarter of fintechs prepared for no-deal Brexit

  A survey reveals that less than a quarter of UK fintech companies have their businesses prepared for the UK's exit from the EU

• September 12, 2019 12 Sep'19

  Mirai descendants dominate IoT threat environment

  Attacks leveraging compromised IoT devices are growing in size, scale and frequency, report security experts at F-Secure and Trend Micro, with Mirai-related botnets a major source of trouble

• September 12, 2019 12 Sep'19

  Bloomberg will move historic trading data to cloud in support of clients’ machine-learning ambitions

  Bloomberg’s CIO for enterprise, Tony McManus, says its clients’ changing attitude to using cloud is changing the way the firm makes its real-time trading data available to the financial services community

• September 11, 2019 11 Sep'19

  Fintech Fluidly combines Google’s cloud and AI tech to ease SME cashflow management woes

  London-based fintech Fluidly explains how its recent all-in move to the Google Cloud is supporting its continued growth, and delivers new features to customers faster

• September 11, 2019 11 Sep'19

  GDPR non-compliance worse than feared

  Over half of UK businesses do not yet appear to be fully GDPR-compliant, and many have de-prioritised their compliance efforts

• September 10, 2019 10 Sep'19

  Brexit disrupts FCA exploration into data use in wholesale banking

  The extra work for banks due to Brexit preparations has caused a delay to FCA work on the use of data in the wholesale banking sector

• September 10, 2019 10 Sep'19

  Inside NatWest Ventures

  NatWest Ventures is helping NatWest bank to remain relevant to its SME businesses customer community through digital innovation

• September 10, 2019 10 Sep'19

  BT gears up to take on rogue drones

  BT’s Enterprise unit is offering customers an anti-drone security solution to protect their physical sites from intrusion

• September 09, 2019 09 Sep'19

  Social engineering a factor in virtually all cyber attacks, report claims

  Almost every single cyber attack will, at some stage, require a human to be tricked into doing something, according to research by Proofpoint

• September 09, 2019 09 Sep'19

  Loyal Dutch IT professionals not being rewarded enough, survey shows

  Companies warned they could lose loyal IT staff because salary rises do not match those on offer from rival employers

• September 04, 2019 04 Sep'19

  Danish MobilePay app moves away from mainframe

  Danske Bank’s popular mobile payment app moves from mainframe to open source DataStax Enterprise built on Apache Cassandra

• September 04, 2019 04 Sep'19

  Nationwide Building Society harnesses low-code platform

  Software development platform makes it quicker to build apps

• September 03, 2019 03 Sep'19

  CISOs think cloud safer, but security fears remain

  The majority of information security leaders think cloud is now safer than on-premise, but security fears remain, with recently breached and highly regulated organisations most concerned, poll reveals

• September 03, 2019 03 Sep'19

  Allied Irish Banks selects cloud platform for digital transformation

  Bank is streamlining its operations through a cloud platform from nCino

• September 02, 2019 02 Sep'19

  UK organisations join quantum comms pilot

  Four UK companies are taking part in a pilot project to build the most secure communication infrastructure in Europe

• September 02, 2019 02 Sep'19

  TSB works with Silicon Valley tech firm to help SME customers take card payments

  UK bank will offer its small business customers card-processing and point-of-sale technology by partnering with a fintech set up by Twitter CEO

• August 29, 2019 29 Aug'19

  UK gets first millionaire ethical hacker

  Six months after the first millionaire ethical hacker was announced, five more have been recognised, including a Briton, who have collectively discovered nearly 5,000 vulnerabilities

• August 28, 2019 28 Aug'19

  Most UK firms ignore security in tech investments

  Less than a quarter of UK firms prioritise security when investing in new technology, despite the threat of cyber attacks and data protection regulations, a survey reveals

• August 28, 2019 28 Aug'19

  Ransomware has evolved into a serious enterprise threat

  Ransomware has seen a resurgence since the start of 2019, with cyber criminals changing code and tactics to target enterprises and local authorities for higher ransom payments, McAfee researchers warn

• August 27, 2019 27 Aug'19

  Employees, MSPs and developers top third-party risks

  Employees, managed service providers and developers are the top sources of third-party risks in terms of data security, a survey reveals, highlighting the value of workplace monitoring

• August 23, 2019 23 Aug'19

  IR35 reforms: HMRC defends off-payroll rules guidance against "woeful" IPSE jibes

  HMRC promises there are more preparatory materials in the pipeline to help the private sector prepare for the April 2020 IR35 rules, after IPSE brands its current guidance "woeful"

• August 22, 2019 22 Aug'19

  A helping hand from the Nordics in the eye of the GDPR storm

  Nordic IT companies are well suited to supporting enterprises in their data protection projects, even though openness is more natural to them

• August 21, 2019 21 Aug'19

  UK banks outage caused by problem at US payment service provider

  UK consumers were unable to access some banking services due to a hardware failure at a US payments provider

• August 20, 2019 20 Aug'19

  Buyers think SD-WAN is too expensive and complicated

  Building and maintaining an SD-WAN is perceived as a complicated endeavour, and the industry’s messages are not getting through, says a new report

• August 20, 2019 20 Aug'19

  Restaurant group pays staff almost £1m early through fintech app

  Wagestream app enables Casual Dining Group employees to receive salary payments in advance for a small fee

• August 20, 2019 20 Aug'19

  Even fintech startups battling to meet cyber security challenges

  A study shows that most fintech startups, like most banks, are failing to address vulnerabilities in the web and mobile applications, underlining the scale of the challenge

• August 19, 2019 19 Aug'19

  UK financial account takeovers up, report warns

  Commercial cyber criminal services are helping to drive up the number of account takeovers, a fraud report for the first half of the year shows

• August 19, 2019 19 Aug'19

  First government organisation in Bahrain migrates to Amazon Web Services

  Sovereign wealth fund’s internal IT team handled migration process, which has slashed the organisation’s technology operational costs

• August 16, 2019 16 Aug'19

  London Stock Exchange glitch delays trading

  The London Stock Exchange suffered a 90-minute technical outage which prevented early trading in major stocks

• August 15, 2019 15 Aug'19

  European fintech investment continues to grow as global investment falls

  European countries are continuing to see significant growth in financial technology investment as total global investment decreases

• August 15, 2019 15 Aug'19

  Most UK financial firms hit by cyber attack in the past year

  The majority of UK financial companies are failing to prevent cyber security incidents, mainly because of employees failing to follow security policies and a lack of security budget, a survey reveals

• August 14, 2019 14 Aug'19

  UK finance regulator gives extra time for companies to meet payment security rules

  Financial Conduct Authority gives companies under its watch an extra 18 months to meet an EU payments security standard

• August 13, 2019 13 Aug'19

  Breach cost $53m in Q2, says Desjardins

  Credit union cooperative Desjardins reveals that a data breach in June cost the company $53m in the second quarter, but that could be just the start, warn industry commentators

• August 09, 2019 09 Aug'19

  F-Secure warns of F5 Big IP-related security issue

  F-Secure has discovered security issues relating to an F5 device that it says could potentially turn hundreds of thousands of load balancers into beachheads for cyber attacks

• August 08, 2019 08 Aug'19

  Ransomware a continued threat to business, report warns

  Businesses are increasingly becoming the most popular targets for ransomware, which remains a top cyber threat around the world, especially in the US, a report reveals

• August 07, 2019 07 Aug'19

  Shared files in the cloud are a top ransomware target

  Vectra 2019 Spotlight report shows recent ransomware attacks cast a wider net to ensnare cloud, datacentre and enterprise infrastructures

• August 06, 2019 06 Aug'19

  African bank foils suspected North Korean cyber attack

  An African bank is among the financial institutions to be targeted by North Korea’s multi-billion dollar cyber theft campaign to support its weapons programmes

• August 05, 2019 05 Aug'19

  CIO interview: Simon McNamara, chief administrative officer, RBS Group

  Brought in after a catastrophic IT failure that affected 6.5 million customers, the IT chief at Royal Bank of Scotland Group says the bank is now a leader in innovation

• August 05, 2019 05 Aug'19

  Nordic banks move into wearable payment technology

  Payment by watch or watch strap is now an option for customers of two banks in Sweden