News

IT for financial services

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up to automate HR processes with artificial intelligence and machine learning, while at the same time battling with outdated IT systems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

• 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