News

IT for financial services

• 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

• 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