News

IT for financial services

• October 16, 2018 16 Oct'18

  UK faces 10 cyber attacks a week as hostile states step up hacking, says NCSC

  The UK’s National Cyber Security Centre has thwarted more than 1,600 attacks over the past two years – many by hostile nation states

• October 15, 2018 15 Oct'18

  Good data governance is good business

  Organisations are failing to understand the importance of getting their data relationship with customers right and seeing the business opportunities that it enables, an industry analyst warns

• October 12, 2018 12 Oct'18

  FS-ISAC awards cyber security scholarships in Europe

  Five women have been awarded cyber security scholarships at FS-ISAC’s 2018 EMEA Summit

• October 11, 2018 11 Oct'18

  Robots in the workplace supported by 81% of business chiefs

  Robotic process automation continues to be taken up by more organisations – but despite proven benefits, those that already use it are struggling to scale it up

• October 10, 2018 10 Oct'18

  Huawei Connect 2018: Huawei tackles barriers to effective AI

  At its annual customer and technology event, Huawei chairman Eric Xu set out 10 key challenges facing AI, and revealed how the networking supplier’s strategy will help to address these

• October 09, 2018 09 Oct'18

  Blockchain adoption hotting up in Australia

  The emerging technology is being tested in several industries in a country aspiring to be a global leader in blockchain development

• October 09, 2018 09 Oct'18

  Tech takes centre stage in CBI’s pre-Budget wish list

  Industry calls on government to set the tone for a tech-friendly business environment after the UK leaves the EU

• October 05, 2018 05 Oct'18

  EE switches on 5G test network at Canary Wharf

  MNO explores high-capacity zone testing for its 5G network roll-out, with the first phase expected to target hotspots such as London’s Canary Wharf

• October 05, 2018 05 Oct'18

  GDPR case work swamps Denmark’s data protection agency

  The agency investigating alleged breaches of GDPR in Denmark is recruiting additional resources to cope with the increase in work

• October 04, 2018 04 Oct'18

  Business email compromise made easy for cyber criminals

  Poor security practices and access to hacking services are making it easy for cyber criminals to compromise business email, research reveals

• October 03, 2018 03 Oct'18

  Rise in data-stealing Betabot malware

  Researchers are warning about an increase in Betabot malware after detecting multiple infections in recent weeks, underlining the importance of software patching

• October 02, 2018 02 Oct'18

  How Bank of England is using Splunk for proactive security

  Head of the Bank of England’s security operations centre talks about how Splunk is helping it to take a more proactive approach to preventing cyber attacks

• October 02, 2018 02 Oct'18

  Filling the blockchain chasm

  Blockchain as a term is becoming common language, but there is a long way to go before it will mean anything to the performance of most organisations

• October 01, 2018 01 Oct'18

  UK will unilaterally tax web giants, says Hammond

  Chancellor threatens to go it alone on tax reform for digital services businesses if an international agreement cannot be reached

• October 01, 2018 01 Oct'18

  UK firms’ password security score ‘average’

  While businesses are making strides in strengthening password security, there is more work to be done, with the UK password score lagging behind the frontrunners, a survey shows

• October 01, 2018 01 Oct'18

  Tesco Bank gets first cyber-related FCA fine

  UK’s financial watchdog issues its first cyber-related fine to Tesco Bank in connection with a multimillion-pound cyber fraud in 2016

• September 28, 2018 28 Sep'18

  No let-up in digital banking glitches as TSB and HSBC customers are hit on payday

  Online and mobile app banking outages continue to increase in regularity as TSB and HSBC customers report problems

• September 27, 2018 27 Sep'18

  CIO interview: Fraser Ingram, Clydesdale and Yorkshire Bank

  Fraser Ingram joined the Clydesdale and Yorkshire banking group as CIO just at the right time – as it was embarking on its digital journey

• September 26, 2018 26 Sep'18

  Indian IT giant TCS sees IBM and Accenture as nearest rivals

  Rapidly-growing Tata Consultancy Services has its eyes on the US IT giants, with customer service key if it is to overtake them

• September 26, 2018 26 Sep'18

  Financial services firms face potential security bombshell

  UK financial services are facing a security crisis over outdated services and applications, a survey shows

• September 26, 2018 26 Sep'18

  Australia’s ANZ banks on Google Cloud

  The Australia and New Zealand Banking Group has signed up for the Google Cloud Platform to help its bankers deliver data insights to institutional customers

• September 25, 2018 25 Sep'18

  PCI DSS compliance falls despite security benefit

  Despite the benefits of the payment card industry security standard, there is a concerning downward trend in compliance, a report reveals

• September 24, 2018 24 Sep'18

  InfoWatch opens training centre to help address Middle East skills shortage

  Security supplier offers Middle East customers cyber security and digital training facility as organisations in the region struggle to equip staff with latest skills

• September 21, 2018 21 Sep'18

  Businesses that take humans with them on robotics journeys gain the most

  Businesses that put human development at the centre of their automation strategies will profit the most

• September 21, 2018 21 Sep'18

  RBS, Barclays and NatWest customers suffer more mobile banking outages

  Banks apologise for problems that have affected mobile and internet banking services

• September 19, 2018 19 Sep'18

  Santander plans UK tech hub in Milton Keynes

  Santander is opening a UK tech hub in Milton Keynes that will have 5,000 staff

• September 17, 2018 17 Sep'18

  Danske Bank invests in anti-money laundering systems following Estonian problems

  Danske bank improves its anti money laundering software, utilising artificial intelligence and machine learning

• September 17, 2018 17 Sep'18

  Nationwide Building Society adds over a billion pounds to IT spend

  Nationwide is increasing the budget for its latest multi-year IT project

• September 14, 2018 14 Sep'18

  CIO interview: Amir Nooriala, chief operating officer, OakNorth

  The challenger bank’s COO on wanting to be fully cloud hosted, going through a huge cloud migration and being able to rebuild its core banking platform in five hours

• September 13, 2018 13 Sep'18

  GCHQ mass surveillance regime was in breach of human rights law, European court rules

  The European Court of Human Rights in Strasbourg has ruled that the UK’s collection of bulk interception of communications data lacked adequate oversight and safeguards and was in breach of human rights law

• September 13, 2018 13 Sep'18

  Tech Nation startup programme demonstrates richness of UK fintech

  A Tech Nation programme to support the UK's financial technology startups demonstrates the increasingly diverse range of business-to-business products and services available through the country's fintech community

• September 12, 2018 12 Sep'18

  FCA warns it cannot manage financial crime risks without sharing data with EU

  FCA admits it will be unable to manage financial crime effectively if it cannot share data with EU authorities.

• September 07, 2018 07 Sep'18

  RBS announces branch closures as part of cancelled project to create challenger bank

  The Royal Bank of Scotland has announced more branch closures and job losses as digital transformation continues to transform the sector

• September 07, 2018 07 Sep'18

  North Korean programmer charged for WannaCry attacks

  The US has charged a member of a group of North Korean hackers linked to the WannaCry, Sony Pictures and other cyber attacks around the world

• September 05, 2018 05 Sep'18

  The fintech startups to watch in the UK

  Tech Nation’s choice of fintech companies to back reflects the changes expected to hit financial services IT

• September 04, 2018 04 Sep'18

  Element AI teams up with AI Singapore

  The Canadian upstart is co-developing AI applications for local industries as part of its efforts to build new research capabilities via local talent pools

• September 04, 2018 04 Sep'18

  Britons concerned over security of contactless payments, research finds

  Despite the popularity of contactless payments ahead of cash, Britons are worried about the security of tap and go

• September 04, 2018 04 Sep'18

  TSB CEO out after months of IT problems

  TSB’s CEO, Paul Pester, is stepping down after the bank and its customers were beset by another round of IT problems

• September 03, 2018 03 Sep'18

  Dutch bank ING sees financial boost from employee performance management rethink

  ING claims business has improved after replacing ‘scattered and fragmented’ IT systems to change the way it manages employee performance

• September 03, 2018 03 Sep'18

  Majority of UK firms not insured for data breaches

  Many UK firms are not insured against information security breaches and data loss, and would have to spend £1m on average to recover from a breach, a report reveals

• August 30, 2018 30 Aug'18

  Cobalt cyber heist group mounts new campaign

  Security researchers discover new campaign using two malicious links to double the chances of infection, which is believed to be linked to a notorious cyber crime group

• August 30, 2018 30 Aug'18

  Accountant dumps Dell SAN for StorMagic hyper-converged

  Accounting firm ditches traditional SAN hardware for software-defined hyper-converged storage from StorMagic and avoids tens of thousands of dollars in capex costs

• August 29, 2018 29 Aug'18

  IT leaders at a crossroads as they grapple with digital technology

  CIOs have the opportunity to influence their company strategy as digital technology reshapes business. A survey of CIOs across 70 countries charts a path for IT leaders through emerging technologies

• August 28, 2018 28 Aug'18

  Sharp rise in business email compromise

  Cyber attackers are expanding their attack methods to steal money and to gain access to corporate and employee data, a report reveals

• August 24, 2018 24 Aug'18

  North Koreans add Mac OS to cryptocurrency-stealing malware attacks

  A North Korean hacking group is targeting cryptocurrency exchanges using Trojanised cryptocurrency trading software designed for both Microsoft’s Windows and Apple’s Mac OS, say researchers

• August 23, 2018 23 Aug'18

  Cryptographic agility is key to post-quantum security

  Although post-quantum security is not an issue for all organisations today, an expert believes that those needing to ensure data is secure for decades to come should aim to achieve cryptographic agility above all else

• August 23, 2018 23 Aug'18

  No Deal Brexit papers warn of stark future for UK tech

  The government has published the first of its No Deal Brexit contingency planning notices, containing sobering messages for the UK technology industry

• August 23, 2018 23 Aug'18

  Apache Struts users urged to update due to new security flaw

  Another security flaw has been discovered in the Apache Struts, which was at the heart of the massive Equifax data breach in 2017

• August 22, 2018 22 Aug'18

  European cloud adopters still lack basic security

  Despite outpacing the rest of the world, the majority of organisations adopting cloud in Europe, the Middle East and Africa lack basic security, a report reveals

• August 22, 2018 22 Aug'18

  Language barrier won’t hold back chatbots in the Netherlands

  The use of chatbots by Dutch organisations is on the up, with KLM's chatbot a pioneering example