News

IT for financial services

• December 13, 2018 13 Dec'18

  Chief technology officers in high demand in finance sector

  Financial services firms need to hire experienced chief technology officers as the sector is transformed through fintech

• December 12, 2018 12 Dec'18

  UKtech50 2018 – the most influential people in UK IT

  Computer Weekly has announced the ninth annual UKtech50 – our definitive list of the movers and shakers in the UK IT sector

• December 07, 2018 07 Dec'18

  Finnish government announces research and development ecosystem

  Finland has launched an innovation ecosystem that will support IoT and AI developers amongst others

• December 07, 2018 07 Dec'18

  Half of business leaders unaware of BPC cyber attacks

  Half of management teams polled in 12 countries, including the UK, are unaware of business process compromise (BPC) attacks

• December 06, 2018 06 Dec'18

  Software failure paralyses O2’s 4G network

  O2 is racing to fix a major outage on its 4G network that has left millions of mobile subscribers without access to data services

• December 05, 2018 05 Dec'18

  Australia races towards commercial quantum computing

  Universities make headway in the challenge of commercialising quantum computing

• December 05, 2018 05 Dec'18

  UK consumers threaten data breach backlash

  Most UK and global consumers are willing to walk away from businesses that fail to look after personal data, with retailers most at risk, research shows

• December 04, 2018 04 Dec'18

  Financial institutions’ data at risk despite security spending

  Despite increased spending on cyber security, digital transformation and advanced attacks mean financial institutions’ data is still at risk, a report reveals

• December 04, 2018 04 Dec'18

  Zopa gains banking licence and prepares launch

  Peer-to-peer lending pioneer Zopa is turning its attention to retail banking in the UK, with plans to offer savings, credit and money management products

• December 04, 2018 04 Dec'18

  Barclays staff to transfer to HCL as IT deal is expanded

  Bank announces closure of operation in Lithuania, with employees transferring to IT services company HCL

• December 04, 2018 04 Dec'18

  Lloyds to use core banking technology from Google-inspired UK fintech

  Banking group explores cloud-based core banking technology as part of a major transformation programme

• November 30, 2018 30 Nov'18

  WannaCry borderline national cyber emergency

  The May 2017 WannaCry attack, which disrupted services at one-third of NHS trusts and more than 600 primary care organisations is the closest the UK has come to a national cyber emergency, says the NCSC

• November 28, 2018 28 Nov'18

  Challenger bank signs up Google-inspired platform

  Cloud-based platform offers functionality around smart contracts and a workflow engine for bank processes

• November 28, 2018 28 Nov'18

  FCA deeply concerned as no end in sight for IT failures in banking

  The FCA has reported a massive increase in the number of banking IT failures in the UK and admitted there is no end in sight

• November 28, 2018 28 Nov'18

  UK competition watchdog concerned with PayPal’s fintech acquisition

  Competition and Markets Authority fears $2.2bn deal could reduce competition for payment services in the UK

• November 27, 2018 27 Nov'18

  York teen crowned 2018 UK cyber security champion

  Teenager beat off competition from 41 other cyber security enthusiasts from across the UK, and six from Singapore, in the UK Cyber Security Challenge final

• November 27, 2018 27 Nov'18

  Treasury Committee launches inquiry into bank IT failures

  With IT outages in the financial sector a regular occurrence, the Treasury Committee is investigating the causes and consequences of these failures, and what industry and regulators are doing to promote resilience

• November 27, 2018 27 Nov'18

  High Court trial over Horizon computer system completes witness cross-examinations

  The High Court trial in which subpostmasters are suing the Post Office has reached an important stage

• November 21, 2018 21 Nov'18

  Interview: Comms sector ripe for disruption as climate change takes hold

  Humanity has just 12 years left to keep global warming to a maximum of 1.5⁰C and prevent climate meltdown. Paul Dickinson from the Carbon Disclosure Project discusses how CIOs can help take steps to avert disaster by changing their attitude to ...

• November 21, 2018 21 Nov'18

  How voice biometrics catches fraudsters

  Telephone banking is often seen as the forgotten channel in multi-channel banking, something that fraudsters are now exploiting

• November 19, 2018 19 Nov'18

  CDO interview: Aidan Millar, DNB

  Norwegian bank hires chief data officer to lead its data-driven transformation

• November 19, 2018 19 Nov'18

  Standard Life and Aberdeen Asset Management turn to Workday to complete merger

  Standard Life Aberdeen, created in August 2017 when two of Scotland’s largest financial services companies merged, is transferring 3,000 former Standard Life staff to Aberdeen Asset Management’s Workday HR system as it integrates the two businesses

• November 16, 2018 16 Nov'18

  Russian banks to introduce contactless ATMs

  Russian banks have introduced their first contactless ATMs, which customers can link to via smartphones and wearable devices

• November 14, 2018 14 Nov'18

  Challenger bank ready to get its banking licence back

  CivilisedBank is reapplying for a banking licence after giving it up to focus on its technology

• November 14, 2018 14 Nov'18

  CIO interview: Barry Libenson, global CIO, Experian

  Experian’s global CIO has worked to change the company’s IT set-up from a “free for all”, taking a standardised approach to development, infrastructure and platforms

• November 13, 2018 13 Nov'18

  Sweden’s central bank to test digital currency

  Riksbank e-krona initiative follows government plan for a cashless society by 2030

• November 13, 2018 13 Nov'18

  5G will unleash digital transformation for UK enterprises

  Mobile operator EE is working hand-in-hand with its largest enterprise customers to realise the potential of its future 5G mobile network

• November 08, 2018 08 Nov'18

  GDPR a challenge to AI black boxes

  Most artificial intelligence “black boxes” do not comply with EU data protection laws and will have to be re-engineered, warns security researcher and consultant

• November 07, 2018 07 Nov'18

  Fintechs advised on how to work with big banks

  Advice backed by the government for fintechs on how to engage with traditional finance firms is published

• November 07, 2018 07 Nov'18

  Investment fund buys into broadband supplier Hyperoptic

  Mubadala Investment Company, the VC arm of the government of Abu Dhabi, is to acquire a minority stake in full-fibre broadband supplier Hyperoptic as the firm brings forward its roll-out

• November 07, 2018 07 Nov'18

  Lloyds Banking Group shaking up its workforce to reflect digital times

  Lloyds Banking Group is revamping the roles of thousands of staff as it becomes digital

• November 06, 2018 06 Nov'18

  Automation and CSR are driving reskilling process for UK plc, says Cisco

  UK business leaders are planning to make dramatic changes to their organisations between now and 2020, according to a new report from Cisco

• November 06, 2018 06 Nov'18

  NatWest pilots digital bank for SMEs

  App-based banking platform offers small enterprises other business tools on top of a current account

• November 06, 2018 06 Nov'18

  Start preparing for post-quantum data protection

  Organisations that need to retain sensitive information for long periods of time need to start preparing for the post-quantum era, according to an IBM security architect

• November 05, 2018 05 Nov'18

  Banking sector leading CIAM innovation, say Big Four

  Maturity in consumer identity and access management (CIAM) differs from sector to sector, with the banking sector taking the lead in terms of innovation, according to the Big Four accounting firms

• November 05, 2018 05 Nov'18

  Deutsche Bank to create cloud-based digital cheque processing system

  German banking giant Deutsche Bank will replace manual and paper-intensive cheque processing methods with an automated system in the cloud

• November 01, 2018 01 Nov'18

  How Bahrain plans to become a regional fintech hub

  Bahrain is a small island with big plans for its financial technology industry

• October 30, 2018 30 Oct'18

  UK government taskforce commits to distributed ledger technologies

  Report says distributed ledger technology “has the potential to deliver significant benefits in financial services and other sectors in the future”

• October 30, 2018 30 Oct'18

  Traditional financial services firms face extinction within 12 years

  A large number of large banks could disappear within 12 years unless they change business models and economics

• October 26, 2018 26 Oct'18

  DNS attacks cost finance firms millions of pounds a year

  Average cost of recovering from a single DNS attack is $924,390 for a large financial services company, survey shows

• October 25, 2018 25 Oct'18

  BT picks fintech leader to succeed Gavin Patterson

  BT has named Philip Jansen, current co-chief executive of global payments services group Worldpay, as the successor to outgoing chief executive Gavin Patterson

• October 25, 2018 25 Oct'18

  Firms will use AI to automate HR processes within two years

  Companies are gearing up to automate HR processes with artificial intelligence and machine learning, while at the same time battling with outdated IT systems

• October 25, 2018 25 Oct'18

  Nordic banks target SME customers with fintech services

  Traditional Nordic banks are slimming down workforces as they turn increasingly to technology-based service delivery, and some are linking up with small fintech companies to deliver online products.

• October 24, 2018 24 Oct'18

  Choose security tools wisely to gain upper hand

  The cyber threat landscape is continually changing, but staying abreast of attacker and defender innovation can help business leaders gain the upper hand, says KuppingerCole

• October 22, 2018 22 Oct'18

  Centralised identity risky and not web 3.0 friendly, says entrepreneur

  User controlled identity is less risky than centralised identity and essential for the next evolution of the web, according to an entrepreneur and evangelist of self-sovereign identity and blockchain technologies

• October 19, 2018 19 Oct'18

  Russians using less cash after accelerated use of electronic payments

  Russians are increasingly using electronic payments rather than cash, a recent study by Sberbank has found

• October 19, 2018 19 Oct'18

  Chinese insurance giant extends cloud service to other sectors

  Ping An is opening up its cloud service to more sectors, including real estate and automotive, in its efforts to become a technology company

• October 18, 2018 18 Oct'18

  Middle East gears up for 5G

  The race for 5G is well and truly under way, and the UAE and Saudi Arabia are well positioned to be among the first countries in the world to deliver the benefits of this new telecoms protocol

• October 17, 2018 17 Oct'18

  Contactless payments surpass Chip and PIN in UK shops

  Contactless card payments now account for more spending in UK stores than Chip and PIN

• October 16, 2018 16 Oct'18

  There is more to fintech than meets the eye

  Financial technology goes way beyond the flashy apps facing consumers and into the depths of the back office