News

IT for financial services

• 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

• June 19, 2019 19 Jun'19

  Luxembourg tech startups get premium connections

  Luxembourg is at the centre of a continent with ambitious plans to develop a thriving tech industry, but what makes it different?

• June 18, 2019 18 Jun'19

  Facebook announces global digital currency Libra

  Facebook is launching digital coin to open up affordable financial services to the world

• June 18, 2019 18 Jun'19

  Openreach trials will speed up broadband upgrade

  Tests to focus on process of migrating households and businesses to fibre to the premise and voice over IP

• June 17, 2019 17 Jun'19

  DevSecOps is key to uniting opposing forces

  Unifying DevOps and security teams with the aid of automation will bring harmony and added business benefits, says systems engineer

• June 17, 2019 17 Jun'19

  HMRC urged to delay April 2020 extension of IR35 rules to private sector by 'at least' 12 months

  An analysis of the responses HMRC has reportedly received to its consultation on extending the IR35 tax avoidance reforms to the private sector suggests the tax agency is coming under pressure to put its plans on hold for at least 12 months

• June 13, 2019 13 Jun'19

  AI-enabled cyber attacks a reality soon, warns Mikko Hypponen

  Technology continues to shape human conflict and artificial intelligence will be no exception, so business needs to up its ability to detect attacks and respond, says security expert

• June 12, 2019 12 Jun'19

  From oil crash to tech startup boom in Norway

  For countries highly dependent on oil, the global price crash had huge potential ramifications – one of which, in Norway, was the development of a thriving technology sector

• June 11, 2019 11 Jun'19

  Most code-signing processes insecure, study shows

  The majority of organisations are failing to enforce security for code-signing processes, providing opportunities for cyber criminals, a survey reveals

• June 11, 2019 11 Jun'19

  Implementing Dmarc a top priority for UK

  Basic email security should be a top priority for UK firms, followed by reducing third-party web exposure and monitoring data flows leaving the enterprise, a Rapid7 study reveals

• June 10, 2019 10 Jun'19

  TSB makes key appointment in IT restructure

  Mark Curran moves from CYBG to head up reorganisation that will see control of TSB’s IT transferred to an internal team from parent company’s tech subsidiary

• June 10, 2019 10 Jun'19

  Large firms look to zero-trust security to reduce cyber risk

  In the face of increasing cyber breach risk as organisations move to hybrid multi-cloud IT environments, just over half of large firms in Europe are planning a zero-trust approach to security

• June 07, 2019 07 Jun'19

  CIO interview: John Finch, Refinitiv

  Refinitiv CIO John Finch says finding people with the right level of data science skills is his biggest challenge

• June 06, 2019 06 Jun'19

  Firms face targeted bespoke cyber attacks, dark web study reveals

  Academic study exposes prolific availability and demand for tailored malware, network access and corporate espionage services, which suggests many firms’ cyber defences are below standard

• June 06, 2019 06 Jun'19

  Half of CFOs frustrated by complex accounting systems

  Chief financial officers need to upgrade to easier-to-use accounting systems, but are strapped for time and lack the resources to make the right choices, according to survey

• June 05, 2019 05 Jun'19

  CIO interview: Chris Worle, chief digital officer, Hargreaves Lansdown

  Former marketing director is defining the newly created CDO role at the financial services firm, and is starting to appreciate the cultural changes involved in digital transformation

• June 05, 2019 05 Jun'19

  London could be world cyber risk leader, says ex-Lloyd’s chief

  Collaboration across the cyber insurance, technology and security organisations in London could make the capital a leading world centre on these topics, says former Lloyd’s of London boss

• June 05, 2019 05 Jun'19

  Emirates NBD builds bank of future with Amazon Web Services

  UAE bank is accessing the latest technology through a close relationship with IT giant Amazon Web Services

• June 03, 2019 03 Jun'19

  Most of today’s enterprise blockchain platforms will need replacing in two years

  Most blockchain platforms currently being used in enterprises will have to be replaced in the next couple of years, says Gartner

• June 03, 2019 03 Jun'19

  More than half of UK workforce lacks essential digital skills, says Lloyd’s

  In the modern world, digital skills are becoming increasingly important, but a large amount of the UK workforce doesn’t measure up, Lloyd’s has found

• May 30, 2019 30 May'19

  2.3 billion business and consumer data files exposed online

  In the year since the GDPR compliance deadline, the number of data files exposed online without adequate protection is up more than 50% due to misconfigured security controls, report reveals

• May 28, 2019 28 May'19

  Swedes need to keep a week’s cash under the bed

  The Swedish population is being advised to keep enough cash at home to last a week in case of problems such as online banking crashes

• May 24, 2019 24 May'19

  No real change a year into GDPR, says privacy expert

  A year after the GDPR compliance deadline, many organisations still have a lot of work to do to make real changes and shift focus away from fines to business value and gain, says PwC’s GDPR and data protection lead

• May 23, 2019 23 May'19

  Police shut down Bestmixer bitcoin laundering service

  The Bestmixer cryptocurrency laundering service has been shut down by Dutch anti-fraud police with support from Europol after a tip off by cyber security researchers at McAfee, significantly disrupting cyber criminal money flows

• May 22, 2019 22 May'19

  GoCardless migrates to cloud and gets Google engineering capability

  Fintech has moved from an IBM infrastructure as a service to Google’s cloud platform

• May 22, 2019 22 May'19

  Hundreds of European retail banks will disappear as challengers scoop up customers

  One in every 10 banks in Europe will no longer exist as digital challengers take customers from them

• May 21, 2019 21 May'19

  MoneySupermarket.com orchestrates data pipeline with GKE

  The price comparison site has used container orchestration to split its machine learning data pipeline into parallel processes

• May 21, 2019 21 May'19

  UC Expo 2019: Experts talk up future tech in unified communications

  Automation and AI are increasingly prevalent in unified comms, but do enterprises really need it?

• May 20, 2019 20 May'19

  Lloyds Bank creates 500 IT roles in Scotland

  New recruits will support banking group’s digital transformation as it aims to give customers “Google-like experiences”

• May 20, 2019 20 May'19

  Danske Bank launches initiative to help SME customers with cyber security

  Danske Bank launches initiative to support the cyber security efforts of its SME customers

• May 17, 2019 17 May'19

  École Hôtelière de Lausanne puts Amelia the robot at its core

  When Switzerland-based hospitality school EHL began to automate processes, it was met with staff inertia, but that all changed after its benefits became clear

• May 17, 2019 17 May'19

  Identity custodians needed in digital era

  Digital identity systems will fail if they do not take humans into account, warns identity innovator, suggesting that a ‘digital guardian’ could help overcome most of these challenges

• May 17, 2019 17 May'19

  GozNym bust underlines cyber crime threat

  A criminal network using GozNym malware has been shut down in an international law enforcement operation, but others are still operating, underlining the need for vigilance, warns a security expert

• May 16, 2019 16 May'19

  Fujitsu sets out to restore trust in technology

  Trust in technology, how to recapture it, and how to ensure AI doesn’t overstep its bounds were the big messages on the opening day of Fujitsu Forum in Tokyo