News

IT for financial services

• March 07, 2019 07 Mar'19

  Tech under spotlight at High Court in second subpostmasters versus Post Office trial

  The second trial in a court battle between the Post Office and the people who run branches analyses alleged bugs in the computer system they use

• March 05, 2019 05 Mar'19

  Santander latest bank to tap Google experience

  Spanish banking giant is tapping IT skills from Google through its latest senior tech appointment

• March 04, 2019 04 Mar'19

  Cyber awareness of UK boards found wanting

  Boards of many of the UK’s biggest firms must do more to be cyber aware, according to a government report.

• March 04, 2019 04 Mar'19

  Danske Bank builds on machine learning to predict IT failures

  Danish bank is using artificial intelligence to help it prevent IT outages that could damage its reputation with customers

• March 01, 2019 01 Mar'19

  IBM deal to drive Nordea’s IT-led transformation

  Nordea is expanding its relationship with IBM through a deal that will give it access to the skills and resources required to keep pace with the digital revolution in banking

• March 01, 2019 01 Mar'19

  BBC reveals high frequency of UK banking outages from data mandated by the FCA

  BBC analysis of IT outages at UK banks, evident in data mandated by the Financial Conduct Authority since August 2018, reveals them to occur at least once a month at each current account provider

• February 27, 2019 27 Feb'19

  Dutch companies lack knowledge of IoT’s benefits

  Many organisations in the Netherlands are missing out on the benefits of the internet of things because they lack awareness of its potential

• February 25, 2019 25 Feb'19

  Nordic tech is increasing diversity but more needs to be done

  The shortage of women in the boardroom is a problem in the Nordics, like other regions, but work in its tech sector means the future could be more promising

• February 20, 2019 20 Feb'19

  Estonia redoubles efforts to attract global IT talent

  IT professionals from all over the world are being lured to Estonia through a government recruitment campaign

• February 19, 2019 19 Feb'19

  Bank of England to migrate from core system with a one-off big bang

  The Bank of England will migrate from its current core settlement system with a 'big-bang' migration before the end of 2025

• February 14, 2019 14 Feb'19

  Action needed as venture capitalists reluctant to invest in fintechs founded by women

  Action is needed if fintechs set up by women are to receive the same level of venture capitalist backing as those set up by men

• February 12, 2019 12 Feb'19

  Legacy systems holding banks back from meeting demand for instant accounts

  Banks are struggling to meet customer demand to open accounts instantly because of legacy IT systems and processes

• February 12, 2019 12 Feb'19

  Dutch developer offers businesses nuclear security option for communications

  Startup that created the secure platform for communication between world leaders at the 2014 Nuclear Security Summit in the Netherlands seeks to revolutionise business mail

• February 11, 2019 11 Feb'19

  Lauri Love takes legal action against NCA for return of seized computers

  Lauri Love, a former engineering student who won a battle with the US Department of Justice against extradition to the US to face hacking charges, is suing the UK's intelligence agency, the NCA, for the return of his seized computers

• February 08, 2019 08 Feb'19

  Lloyds Bank rolls out open banking functionality to mobile app customers

  Lloyds Bank customers can now see current accounts from multiple banks through their mobile banking app

• February 07, 2019 07 Feb'19

  Nordic region primed to pioneer 5G

  The Nordic region could pioneer the commercial use of 5G, with Finland and Sweden hotbeds for the technology

• February 06, 2019 06 Feb'19

  UK’s IT and BPO spend plummets because of Brexit uncertainty

  UK businesses cut their investment in IT and business process outsourcing last year because of confusion over Brexit, but there was a 68% rise in public sector spending

• February 05, 2019 05 Feb'19

  Payday lender cuts troubleshooting by 30% with Virtual Instruments

  Curo Financial thought storage was slowing down its websites, but found virtual machine and network issues were to blame. To fix this, it’s going proactive on storage performance issues

• February 05, 2019 05 Feb'19

  CIO interview: David Germain, CITO, RSA Insurance Group

  Insurance giant’s chief information and technology officer wants to refresh the company’s user computing environment, make smart technology investments and take advantage of the latest innovations

• February 04, 2019 04 Feb'19

  Swiss bank moves away from file with Cloudian object storage

  PostFinance opts for Cloudian object storage as it migrates 100 million files away from NetApp and builds S3-compatible archives for Hadoop and Apache Spark

• February 04, 2019 04 Feb'19

  Massive uptick in cyber attacks targeting Student Loans Company

  Cyber criminals used a range of techniques, as well as malware, malicious emails and calls, in attempts to access confidential financial data belonging to students, in massive uptick in attacks in the past year

• February 01, 2019 01 Feb'19

  TSB blames IT disaster for huge losses

  TSB made a huge loss in its latest financial year because of costs it incurred as a result of an IT disaster

• February 01, 2019 01 Feb'19

  ICO to audit Leave.EU and Eldon Insurance

  UK privacy watchdog will audit the data protection practices at Leave.EU and Eldon Insurance and has confirmed fines for both companies for unlawful marketing messages

• February 01, 2019 01 Feb'19

  Clydesdale, Yorkshire and Virgin Money opt for OpenShift digital push

  Banking group CYBG uses OpenShift to roll out a common set of services and improve developer productivity

• January 31, 2019 31 Jan'19

  Cyber insurance uptake growing, but not all firms convinced

  The adoption of cyber insurance is expected to grow, but one in three companies still are not sold on the benefits, a survey shows

• January 30, 2019 30 Jan'19

  AXA recruits AI assistants in back office

  Insurance giant is deploying software robots to take over repetitive tasks and free up humans to do more analytical work

• January 30, 2019 30 Jan'19

  NatWest opens academy to teach staff the power of data

  Bank tools up its employees with the data skills required to offer customised products for customers

• January 29, 2019 29 Jan'19

  Global cyber attack could cost up to $193bn, study shows

  A coordinated global cyber attack could have an economic impact of up to $193bn, an insurance industry-backed report claims

• January 29, 2019 29 Jan'19

  IT leaders grapple with workforce skills gap as they deploy AI and digital technology

  Organisations will have to find new ways of reskilling their workforce as they get to grips with artificial intelligence and other digital technologies. CIOs also need to keep their skills updated if they are to succeed

• January 28, 2019 28 Jan'19

  UK IT spending worth £27bn held back due to Brexit uncertainty

  UK businesses are putting billions of pounds of IT investments on hold until they know the terms that the UK will leave the EU

• January 24, 2019 24 Jan'19

  Poor practices expose 24 million financial records

  Failure to maintain appropriate security controls has again led to the exposure of millions of sensitive data records, this time from the banking world

• January 24, 2019 24 Jan'19

  Lloyds Bank to migrate hundreds of thousands of customers to Google-inspired fintech

  Following its announcement that it was exploring the use of a fintech platform, Lloyds Bank has been quick to plan customer migration

• January 24, 2019 24 Jan'19

  Santander announces latest branch closures as digital channels take over

  Bank to close 140 more UK branches as in-branch transactions fall and digital banking accelerates

• January 23, 2019 23 Jan'19

  Finnish banks to share core banking platform and supplier

  Three banks in Finland have hired an IT services supplier to build a shareable core banking platform

• January 23, 2019 23 Jan'19

  US issues emergency directive to halt DNS hijacking

  US government agencies have been given 10 days to complete a four-step action plan to stop DNS hijacking attacks

• January 22, 2019 22 Jan'19

  IBM mobile cyber range starts European tour in London

  IBM’s mobile cyber range is kicking of a tour in London to raise awareness around the need for tried and tested cyber attack responses among organisations in Europe

• January 22, 2019 22 Jan'19

  Young Dutch cyber criminals get re-education rather than jail time

  Young hackers in the Netherlands are being rehabilitated through punishments that educate rather than incarcerate

• January 22, 2019 22 Jan'19

  Mastercard fined over half a billion euros for unfair payment fees

  Mastercard has been heavily fined for having rules on interchange fees which distorted the EU single market

• January 21, 2019 21 Jan'19

  Public procurement key to cyber security

  Using public procurement as a means of boosting cyber security is the top recommendation for 2019, according to a report based on expert views

• January 21, 2019 21 Jan'19

  Bahrain plans to create a world-leading tech ecosystem

  Bahrain is building a technology ecosystem that will help the country further reduce its economic reliance on the oil and gas industry

• January 18, 2019 18 Jan'19

  Siemens connects to world’s largest UCC deployment

  German technology powerhouse Siemens AG reveals how it unified communications and collaboration for hundreds of thousands of employees worldwide

• January 18, 2019 18 Jan'19

  Prepare for no-deal Brexit, says ICO

  The UK data protection authority is urging businesses to prepare for a no-deal Brexit to ensure there is no interruption in data flows from Europe

• January 17, 2019 17 Jan'19

  Vodafone and IBM prep user clouds for future network tech

  Companies expand existing collaboration to enable enterprise customers to prepare for the impact of advanced networking technologies

• January 17, 2019 17 Jan'19

  UK tech firms favour second referendum as next move in Brexit stalemate

  UK tech firms want to remain as close to the EU as possible and believe a second referendum on membership of the trading bloc would be the best way out of the current political stalemate

• January 16, 2019 16 Jan'19

  Researchers discover new Magecart group

  Security researchers have uncovered a sub-group of the Magecart hacking group, highlighting the wider risks of web-based supply chain attacks

• January 16, 2019 16 Jan'19

  UK financial services regulator to link top banker bonuses to IT performance

  FCA head tells Commons Treasury committee: “We expect banks’ policies on variable remuneration to reflect operational resilience. They have to – if they don’t, we will act.”

• January 15, 2019 15 Jan'19

  Nottingham Building Society boosts storage and saves power with Nexsan deployment

  Building society ditches geriatric IBM storage array to gain reliability, boost capacity by 20 times and make energy savings with Nexsan, but rejects flash storage for spinning disk SAN

• January 14, 2019 14 Jan'19

  Top UK hacker-for-hire jailed

  Notorious British hacker-for-hire jailed for cyber attacks on a Liberian telco after an international criminal justice operation

• January 11, 2019 11 Jan'19

  Microsoft takes community approach to artificial intelligence in Sweden

  Microsoft is making increasing use of artificial intelligence in Sweden as it shares experiences with the development community

• January 10, 2019 10 Jan'19

  UK firms say £6.6bn annual security testing cost too high

  Avord launches platform to reduce the multibillion-pound annual cyber security testing cost that most UK firms say is too high