News

IT for financial services

• May 15, 2019 15 May'19

  UK pensions trust launches £1.5bn tender for digital services delivery

  The National Employment Savings Trust wants its new supplier to build innovations such as data analytics to services provided via digital channels

• May 14, 2019 14 May'19

  Public sector outsourcing spend plummets

  Private sector outsourcing dominated spending in the UK during the first quarter of 2019

• May 14, 2019 14 May'19

  Electronic ID in the Nordics – a model for other countries?

  Use of electronic identity schemes in Sweden, Norway, Finland and Denmark is far ahead of other countries – but why?

• May 10, 2019 10 May'19

  Reducing poverty through fintech at the Bill and Melinda Gates Foundation

  Kosta Peric swapped a life innovating for banks to work on increasing financial inclusion in the developing world

• May 10, 2019 10 May'19

  Dutch businesses not yet implementing NIS Directive

  Little urgency to comply with the Network and Information Systems Security Act, which seeks to protect the Netherlands’ vital infrastructure and digital services from cyber attack

• May 09, 2019 09 May'19

  Deutsche Börse harnesses Microsoft cloud

  German stock exchange signs deal with Microsoft that will not only benefit the exchange, but other organisations in the sector that are considering cloud migration

• May 07, 2019 07 May'19

  Swedish government tells citizens to hoard cash in case of cyber attack

  Civil Contingencies Agency says cash is needed in case of emergencies such as technology failures and cyber attacks

• May 03, 2019 03 May'19

  Co-operative Bank creates over 100 IT jobs in Manchester

  The Co-operative Bank is looking for talent to support its digital strategy and previous banking and IT experience is not a necessity

• May 02, 2019 02 May'19

  Firms urged to embrace positive security trends to win cyber war

  Modern cyber security challenges overshadow the information security successes of the past, but several positive trends are emerging as defenders come to grips with new threats, says Deloitte

• May 02, 2019 02 May'19

  Microservices introduce hidden security complexity, analyst warns

  Microservice architecture – an approach to application development in which applications are built as a suite of modular services – simplifies development but complicates security, says KuppingerCole

• May 01, 2019 01 May'19

  Middle East Interview: Bahrain fintech drive gathers speed

  Bahrain wants to be a launchpad into the wider region for financial technology firms looking to scale

• May 01, 2019 01 May'19

  Danish financial services regulator launches sandbox initiative

  FT Lab offers fintech startups a platform to test out their products in a secure environment

• May 01, 2019 01 May'19

  Get more proactive on cyber security, says ex Europol chief

  Business needs to get more proactive, collaborative, resilient and analytical to manage cyber risks posed by cyber criminals down to acceptable levels, says former Europol chief

• April 30, 2019 30 Apr'19

  Nearly half of UK IT pros report serious data breaches

  Integration of security systems and employee training recognised as key ways to reduce the growing severity of data breaches

• April 29, 2019 29 Apr'19

  Fix the basics first, then worry about AI, advise experts

  The freedom of the internet is at risk, with the cyber arms race and the industrialisation of hacking are set to continue as attackers move up the value chain to target trust mechanisms, threat experts predict

• April 29, 2019 29 Apr'19

  Danske Bank and IBM bring AI to banking IT

  Artificial intelligence partnership is designed to reduce the risk of major IT outages and keep the bank’s customers happy

• April 24, 2019 24 Apr'19

  Challenger bank Tandem migrates to AWS in one weekend

  Customer migration to Amazon Web Services demonstrates challenger banks’ agility in moving quickly to the latest technology

• April 23, 2019 23 Apr'19

  WannaCry hero pleads guilty, urges others to stay on ‘good side’

  Briton hailed as WannaCry hero finally pleads guilty to charges of writing and distributing malware, but urges security researchers to stay away from the “dark side”

• April 23, 2019 23 Apr'19

  APAC set for blockchain boom

  Led by China, spending on blockchain technology in Asia-Pacific excluding Japan will surpass $2bn by 2022

• April 17, 2019 17 Apr'19

  Middle East CIOs optimistic as budgets increase and digital transformations expand

  Cyber security and risk management will see the biggest increase in spending, but digital transformation of businesses is a major driver of investment, survey shows

• April 16, 2019 16 Apr'19

  NatWest eases business payments with biometric authentication on mobile

  NatWest is making it easier and safer for businesses to make payments of any size via a mobile app using biometric authentication technology

• April 14, 2019 14 Apr'19

  Singapore firms streamline operations, fend off disruption with cloud

  Certis and financial institutions are among those in the city state that are turning to cloud services to gain a competitive edge

• April 10, 2019 10 Apr'19

  Google Cloud CEO outlines plans to take firm even deeper into the enterprise

  CEO Thomas Kurian used inaugural Google Cloud Next keynote to detail how infrastructure investments, supplier partnerships and simplified processes will be key to its plans to conquer even more of the enterprise market

• April 09, 2019 09 Apr'19

  Digital doppelgangers for sale to defeat anti-fraud tech

  Security researchers have uncovered an online market selling digital identities to help cyber criminals to defeat anti-fraud technologies, as financial cyber crime becomes a bigger threat than ever before

• April 04, 2019 04 Apr'19

  Social inclusion unit aims to expand diversity in IT conversation

  New unit at startup hub wants to explore how technology can be applied to address the barriers many people face in participating in society

• April 04, 2019 04 Apr'19

  National Savings and Investments makes £300m extension to Atos deal

  UK government-owned savings bank adds three years to IT services contract with French supplier

• April 04, 2019 04 Apr'19

  Researchers uncover US-based malware distribution centre

  More than a dozen US-based web servers are operating as the malware equivalent of an Amazon fulfilment centre to target businesses, security researchers have found

• April 04, 2019 04 Apr'19

  Post Office to appeal judgment from first Horizon trial

  The Post Office will appeal against some of the judgments from the first trial concerning the Horizon computer system used by subpostmasters

• April 04, 2019 04 Apr'19

  Fresh approach needed to reap cloud security benefits

  Transitioning to cloud-based services offers businesses an opportunity to improve security capabilities, but only if they adopt a proactive cloud-native approach, says Palo Alto Networks cloud security expert

• April 04, 2019 04 Apr'19

  SuiteWorld 2019: Using technology to close the financial gender gap

  The CFO from non-profit organisation Kiva explains how the organisation is using distributed ledger technology to close the financial inclusion gender gap

• April 03, 2019 03 Apr'19

  Most business decision-makers and knowledge workers happy to work alongside robots

  Fears that automation will remove jobs for knowledge workers are reducing as opportunities emerge to upskill and eradicate mundane work

• April 02, 2019 02 Apr'19

  Four in 10 leading banks failing on email fraud protection

  Top UK traditional and challenger banks risk exposing customers to email fraud, a study reveals

• April 02, 2019 02 Apr'19

  Cyber attacks increasingly exploiting supply chain weaknesses

  Cyber attacks are increasingly characterised by supply chain attacks, counter incident response and lateral movement, research reveals

• April 02, 2019 02 Apr'19

  Thales completes acquisition of Gemalto

  Multi-billion-euro acquisition gives Thales a global leadership position in digital identity and security

• April 01, 2019 01 Apr'19

  Fidor founder leaves as parent bank plots future

  The founder of digital challenger bank Fidor leaves company as traditional banking parent company tries to sell business

• March 29, 2019 29 Mar'19

  Major shake-up of TSB IT after core banking system migration disaster

  TSB has restructured its IT team to give its internal team control of its core banking system

• March 28, 2019 28 Mar'19

  Encryption adoption driven by new tech and compliance

  The adoption of encryption is at its highest level yet, driven by the need to protect data generated by new digital initiatives, but still less than half of organisations are applying it consistently across the enterprise

• March 28, 2019 28 Mar'19

  Businesses losing out on early payment discounts due to outdated software

  Chief financial officers need to upgrade their accounting software to benefit from discounts available for paying suppliers early

• March 26, 2019 26 Mar'19

  Nominet urges SMEs to register .uk domains to thwart squatters

  The automatic right of .co.uk domain name holders to register the shorter .uk domains ends in June

• March 25, 2019 25 Mar'19

  Artificial intelligence making major inroads into Russian banking

  Russian banks are identifying use cases for artificial intelligence, but the gradual adoption of the technology will require access to a deeper skills pool if it is to accelerate

• March 19, 2019 19 Mar'19

  NatWest launches female-focused crowdfunding programme

  Consumer bank NatWest is backing female entrepreneurs through a crowdfunding programme

• March 19, 2019 19 Mar'19

  Firms urged to protect against spear phishing

  Spear phishing attacks are sophisticated, targeted, costly and increasing in popularity among cyber attackers, a report warns

• March 19, 2019 19 Mar'19

  NatWest launches business virtual account platform

  Features supported by a new system enable corporate customers to manage and segregate money, and are part of a wider digital transformation plan to enhance customer experience

• March 13, 2019 13 Mar'19

  Bank of England’s large IT spend partly due to use of manual processes and legacy systems

  The Bank of England admits there is room for improvement when it comes to IT efficiency

• March 12, 2019 12 Mar'19

  Nationwide uses natural language processing to discover what annoys customers

  SAS has run a proof of concept at building society Nationwide, using artificial intelligence and natural language processing to determine how to improve customer correspondence

• March 11, 2019 11 Mar'19

  NatWest launches biometric card pilot

  NatWest Bank is set to trial biometrics-based cards with 200 customers to verify contactless payment transactions over £30

• March 09, 2019 09 Mar'19

  ICO data raises doubts over UK firms’ ability to manage breaches

  Most ICO data breach reports late and incomplete prior to full GDPR implementation, FoI request data reveals, raising doubts about breach prevention, detection and response capabilities

• March 08, 2019 08 Mar'19

  Equifax defends against scathing Senate report

  Equifax chief says firm did take cyber security seriously in a response to a scathing Senate report on the credit rating agency’s 2017 data breach, which experts say highlights failings around open source software

• March 07, 2019 07 Mar'19

  ICO head still in top three of DataIQ data leader list

  The UK’s information commissioner remains in the top three data leaders after claiming top spot in 2018 in the DataIQ 100 list of most influential data leaders, but GDPR is not the only focus in the industry

• March 07, 2019 07 Mar'19

  Machine identities for sale on dark web, business warned

  Academics and security professionals are warning businesses that certificates used to establish trust and privacy on the internet are being weaponised and sold to cyber criminals bundled with other services