News

IT for financial services

• August 01, 2019 01 Aug'19

  Nationwide plans 750 tech roles at new digital hub in London

  Building society is setting up its first major tech presence in London to help it access deep skills pool

• August 01, 2019 01 Aug'19

  London Stock Exchange agrees to acquire Refinitiv for £22bn

  The London Stock Exchange has agreed to a multi-billion pound takeover of data giant Refinitiv

• July 31, 2019 31 Jul'19

  Cisco pays $8.6m after whistleblower discloses security flaws in video surveillance system

  James Glenn, a video surveillance expert working for a Cisco reseller in Denmark, alerted Cisco to security faults and stands to gain a share of a multimillion-dollar settlement with the US government

• July 31, 2019 31 Jul'19

  Financial services top cyber attack target

  Financial services are among the most attractive targets for cyber attackers, security researchers reveal, with phishing and credential stuffing among the top threats

• July 31, 2019 31 Jul'19

  Middle East businesses welcome Amazon Web Services region launch

  Bahrain AWS region, with three datacentres, links Middle East to AWS's global network and will help to accelerate digital transformation

• July 30, 2019 30 Jul'19

  London Stock Exchange eyes £22bn acquisition of Refinitiv to expand data capabilities

  The London Stock Exchange is looking at a huge tech acquisition to provide customers access to a wealth of data services built using the latest technologies

• July 30, 2019 30 Jul'19

  Former AWS engineer arrested for Capital One data breach

  Capital One announces data breach affecting more than 100 million customers as US federal authorities arrest a Seattle woman formerly employed by Amazon Web Services

• July 29, 2019 29 Jul'19

  Visa card vulnerabilities enable contactless limit bypass

  Security researchers have discovered vulnerabilities on Visa cards that could be exploited to bypass contactless payment limits and result in huge losses

• July 29, 2019 29 Jul'19

  TSB takes another £36m hit related to botched IT migration

  TSB has been stung for another £36m in costs related to its botched IT migration last year, but managed a profit in its latest six monthly results

• July 29, 2019 29 Jul'19

  WannaCry hero Marcus Hutchins spared jail

  British security researcher who helped halt the global WannaCry ransomware attack that hit the NHS in 2017 has avoided jail in the US for creating other malware

• July 25, 2019 25 Jul'19

  Surge in UK businesses switching bank account providers

  The UK system that makes it easy to change bank account has seen a surge in businesses taking up the service

• July 24, 2019 24 Jul'19

  Santander brings global digital services under one roof

  Spanish banking giant Santander Group is creating a global digital unit as part of its transformation plans

• July 24, 2019 24 Jul'19

  Smart technology will transform Dutch neighbourhood

  A programme in the Netherlands is creating a smart neighbourhood as a pilot for how people could live in the future

• July 22, 2019 22 Jul'19

  Morgan Stanley uses Box to power new Digital Vault

  Bank has integrated the Box collaboration platform to provide a new, secure document-sharing service for its customers

• July 22, 2019 22 Jul'19

  Latest investments in Atom Bank will support cloud platform project

  Bank has raised £50m more finance, which will contribute to funding its project to migrate to the cloud

• July 17, 2019 17 Jul'19

  Most security pros still concerned about public cloud security

  Despite accelerated adoption of public cloud services by companies keen to benefit from increased efficiency, scalability and agility, most security professionals have reservations

• July 17, 2019 17 Jul'19

  Facebook accused of ‘breathtaking arrogance’ over Libra cryptocurrency plan

  US senators grill Facebook’s David Marcus over social media giant’s plans to launch cryptocurrency

• July 17, 2019 17 Jul'19

  Deutsche Bank’s public contraction is a major landmark for fintech

  German bank is cutting costs overall but is investing more in the latest digital technology as fintechs chip away at banking business

• July 16, 2019 16 Jul'19

  Manchester Metrolink gets contactless payments technology

  Travellers using Manchester’s trams can now complete their journeys using contactless payment

• July 15, 2019 15 Jul'19

  Organisations turn to AI in race against cyber attackers

  Businesses are racing to automate their defences as hackers and nation states launch increasingly sophisticated cyber attacks

• July 12, 2019 12 Jul'19

  SD-WAN in play: How software-defined solves core business challenges

  For foodservice business HMSHost International and chemical products firm Element Solutions, both customers of networking supplier Aryaka, software-defined wide area networking technology is proving its mettle when it comes to solving core business ...

• July 12, 2019 12 Jul'19

  Blockchain.com banks on Google cloud to support growth of cryptocurrency management platform

  Blockchain.com reveals details of how it is ramping up its use of the Google Cloud Platform as the range of cryptocurrencies it supports grows, along with the size of its user base

• July 12, 2019 12 Jul'19

  Sweden’s SEB bank uses mob programming across business

  Hack day sees 70 developers successfully demonstrate mob programming method that banking group is now using to develop applications in an agile way

• July 11, 2019 11 Jul'19

  Zopa gets in-house tech ready for 2019 bank launch

  Peer-to-peer lender tests out banking platforms in anticipation of launching products in the UK before the end of this year

• July 11, 2019 11 Jul'19

  Dutch privacy watchdog tells banks not to use customer payment data for marketing

  Autoriteit Persoonsgegevens tells banks to respect client privacy and not to market products based on spending data

• July 09, 2019 09 Jul'19

  Deutsche Bank cuts jobs but increases tech spend

  Deutsche Bank is making swingeing cuts to its workforce over the next two and a half years and has pinned its hopes on the latest technology to make it possible.

• July 05, 2019 05 Jul'19

  Challenger bank shuts up shop in UK amid uncertainty

  Digital bank Fidor is ending its time in the UK, blaming uncertainties in the market

• July 04, 2019 04 Jul'19

  Nordic payments tie-up as Nets and Swish collaborate

  Payments provider and app developer work together to test out mobile phone-based in-store payments system

• July 04, 2019 04 Jul'19

  Implementing IoT – overcoming barriers to commercial adoption

  Tim Wright from the Institute of Telecoms Professionals reports from a recent seminar exploring questions around the barriers to commercial, at-scale adoption of the internet of things, and how to overcome them

• July 03, 2019 03 Jul'19

  Why PSD2 adoption in the Netherlands is lagging behind

  The Netherlands appears to be falling behind in open banking, even though the Dutch are digitally proficient and are often early adopters of new technology. What is going on?

• July 02, 2019 02 Jul'19

  CPS faces legal ruling over refusal to disclose emails with US on WikiLeaks and Assange extradition

  A court will decide whether the Crown Prosecution Service can refuse to neither confirm nor deny the existence of correspondence with US on investigations into Julian Assange and WikiLeaks

• July 02, 2019 02 Jul'19

  Few UK firms are cyber insured despite financial losses

  More than one-fifth of UK firms have been impacted financially by cyber attacks, yet potentially more than three-quarters of companies polled have never been insured for cyber-related losses

• July 01, 2019 01 Jul'19

  Huge jump in cyber incidents reported by finance sector

  The number of cyber incidents reported by financial services firms increased nearly 12-fold in 2018 from 2017, mainly due to third-party failures, highlighting several key areas that need improvement

• July 01, 2019 01 Jul'19

  The Great Eastern way to digital transformation

  Regional insurance company Great Eastern has rolled out a new digital platform to better serve customers while morphing its DNA from the inside out

• June 28, 2019 28 Jun'19

  Visa modernises B2B global payments through open source blockchain

  Visa is modernising cross-border business-to-business payments, with blockchain used to connect participating corporate

• June 28, 2019 28 Jun'19

  TIN coalition calls for industry action against cyber fraud

  An industry group aimed at improving cyber security by tackling enduring challenges has called for collaboration in the fight against cyber fraud

• June 28, 2019 28 Jun'19

  Interview: Yasmeen Al Sharaf, head of fintech and innovation unit, Central Bank of Bahrain

  Yasmeen Al Sharaf heads up financial technology strategy at Bahrain’s central bank, which is on a mission to grow and diversify the sector in the Middle East island state

• June 27, 2019 27 Jun'19

  Dutch bank and researchers begin defence against quantum computing’s dark side

  ABN Amro is working with QuTech to ensure that banks can protect data against quantum computers in the future

• June 26, 2019 26 Jun'19

  Commercial interests put customer security at risk, survey shows

  Firms are bypassing security to push products and services into the market, increasing security risks for the organisation and its customers, a poll of information security professionals shows

• June 26, 2019 26 Jun'19

  Open banking could generate £18bn in value for UK SMEs and citizens

  Consumers and SMEs could generate billions of pounds in value if open banking adoption reaches its potential

• June 26, 2019 26 Jun'19

  Wider threat campaign behind Wipro breach

  A sophisticated, far-ranging threat campaign was behind the breach at Indian IT services firm Wipro in April, which was not an isolated incident, RiskIQ report reveals

• June 26, 2019 26 Jun'19

  Nordic public dispels fears over AI and welcomes its advance

  People in the Nordic countries are more welcoming and less fearful of the advance of artificial intelligence than those in other regions

• June 26, 2019 26 Jun'19

  Six arrested over €24m cryptocurrency theft

  Police have arrested six people in the UK and the Netherlands in connection with the theft of cryptocurrency worth €24m

• June 25, 2019 25 Jun'19

  Half of Dutch IT decision-makers can’t explain blockchain technology

  IT decision-makers in the Netherlands know that blockchain has significant benefits, but half don’t understand how to apply it

• June 25, 2019 25 Jun'19

  Three Finnish banks, one core IT platform

  Can a shared core IT platform enable three Finnish banks to become more efficient yet maintain individual competitiveness?

• June 25, 2019 25 Jun'19

  Saudi banks trial blockchain-based identity technology at ATMs

  Biometric and blockchain technologies are being used in tandem to provide ID verification at Saudi Arabian cash machines

• June 25, 2019 25 Jun'19

  UK firms downloading vulnerable open source software

  Vulnerable open source software components are posing a security threat to UK firms, according to a report that also shows how best practice, including automation, can reduce the risk

• June 21, 2019 21 Jun'19

  Nominations open for UK’s security unsung heroes

  The Security Serious cyber awareness campaign has opened nominations for the fourth annual cyber security Unsung Heroes awards

• June 19, 2019 19 Jun'19

  Lloyds Bank uses community effort to push out DevOps

  The developers and IT operations teams were once separate. Now they are one. The challenge is getting this to scale across the business

• June 19, 2019 19 Jun'19

  Looming private sector IR35 reforms prompts calls for gig economy-focused tax system overhaul

  The growth of the gig-based economy has exposed weaknesses in the UK tax system – exacerbated by the IR35 reforms – that mean an overhaul is needed, panel claims