News

IT for financial services

• August 01, 2018 01 Aug'18

  Top dark web indicators of compromise

  There are 10 common activities on the dark web that indicate a data breach or some other security compromise has taken place, according to a specialist monitoring firm

• July 31, 2018 31 Jul'18

  UK fintech investment exceeds US and China

  Financial technology investments in the UK have surpassed those made in the US and China

• July 31, 2018 31 Jul'18

  Intelligent automation spending to hit $232bn by 2025

  Technologies such as artificial intelligence, robotic process automation and machine learning could help traditional enterprises gain ground on digital-first giants

• July 30, 2018 30 Jul'18

  IBM and CLS to work on blockchain app store

  IBM and foreign exchange settlement provider CLS are using their complimentary expertise to create an app store for finance firms using distributed ledger technology

• July 30, 2018 30 Jul'18

  Dubai disputes court and Smart Dubai partner to apply blockchain

  Organisations in Dubai are working on developing the principal of blockchain-based courts

• July 30, 2018 30 Jul'18

  Search begins for UK’s cyber security Unsung Heroes

  The Security Serious cyber awareness campaign has opened nominations for the third annual cyber security Unsung Heroes awards

• July 27, 2018 27 Jul'18

  Post-quantum security on Airbus’s radar

  With quantum computing on the horizon, multinational aerospace and defence firm Airbus is among those organisations that are looking at evolving their cryptography capabilities to stay ahead of technology

• July 27, 2018 27 Jul'18

  IT meltdown pushes TSB into loss

  Bank is feeling the effects of its recent IT problems, reporting a loss of more than £100m for the first six months of 2018

• July 26, 2018 26 Jul'18

  Brace for PowerGhost cryptominer, warns Kaspersky Lab

  Corporate networks are the target of a new illicit cryptocurrency mining malware that is difficult to detect and eradicate, security researchers warn

• July 26, 2018 26 Jul'18

  Software development remains insecure

  The prevalence of common and well-known web-based vulnerabilities underlines the need for better education around secure software development

• July 26, 2018 26 Jul'18

  Cyber security vulnerability concerns skyrocket

  Security professionals are more worried about data breaches and cyber attacks than they were a year ago, with most fearing that Meltdown-Spectre attacks are becoming the norm

• July 25, 2018 25 Jul'18

  ERP applications are under cyber attack, research confirms

  ERP applications are increasingly being targeted by cyber criminals, hacktivists and nation-state actors, a report reveals

• July 24, 2018 24 Jul'18

  Capital markets firms to ramp up public cloud spending

  Companies in the investment sector are increasingly using the public cloud to improve access to business-critical data

• July 24, 2018 24 Jul'18

  Nordnet drops AI assistant while SEB deepens collaboration

  One Nordic bank decides to stop using cognitive agent Amelia to focus on other AI technologies, but another widens the use of the software

• July 23, 2018 23 Jul'18

  Commerzbank creates Hadoop-based platform for business-critical insights

  German bank creates an entire new department to build and support a platform to provide business-critical insights

• July 23, 2018 23 Jul'18

  Zero trust security model boosts business confidence

  Organisations that combine the zero trust security model with next-gen access are more confident about meeting access control challenges, a study shows

• July 23, 2018 23 Jul'18

  Barclays to open tech hub in Glasgow

  Banking group’s campus in Glasgow will host technology and operations teams using the latest technologies

• July 20, 2018 20 Jul'18

  Brussels aims to become an insurtech hub

  Belgian capital is calling on startups as it eyes up the huge opportunities in the insurance technology sector

• July 20, 2018 20 Jul'18

  Cloud sales stoke Microsoft’s strong growth

  Microsoft says cloud-based Office products made a huge contribution to sales growth

• July 20, 2018 20 Jul'18

  Interview: Dan Phelps, chief architect, Travelex

  Travelex is changing the way it works by combining people, processes and technology to transform the company and by setting up a digital platform

• July 18, 2018 18 Jul'18

  Global trading infrastructure firm opens office in Ireland because of Brexit

  Financial services firms are attracted to Ireland as the UK prepares to leave the EU, leading to the creation of IT jobs in the Emerald Isle

• July 17, 2018 17 Jul'18

  Saudi Arabia entices UK fintechs to its shores

  Saudi Arabia is offering fintechs from other countries the opportunity to access its large internal market

• July 12, 2018 12 Jul'18

  Cyber attackers cashing in on ‘hidden’ attack surface

  Cyber attackers are cashing in on organisations’ lack of visibility into all online interactions that can involve multiple third parties, a report reveals

• July 12, 2018 12 Jul'18

  Three-quarters of consumers have interacted with artificial intelligence

  Capgemini survey finds 55% of people prefer a mix of AI and humans when they interact with organisations

• July 11, 2018 11 Jul'18

  White-hat hackers find record number of vulnerabilities

  White-hat hackers are finding more vulnerabilities than ever before, with crowdsourced security testing continuing to gain popularity, a report reveals

• July 11, 2018 11 Jul'18

  UK firms too confident about cyber security

  Three-quarters of UK companies say their cyber protection is above average, and nearly half think they are a “top performer” despite the growth in data breaches

• July 11, 2018 11 Jul'18

  UK fintech industry fears Brexit-induced talent squeeze

  London’s financial technology community warns of problems ahead as the reality of the UK leaving the EU unfolds

• July 10, 2018 10 Jul'18

  Hidden costs of data breaches difficult to manage, study finds

  The full cost of “mega breaches” can be up to £264m, with the average UK data breach costing £2.69m, a study has revealed

• July 06, 2018 06 Jul'18

  Infosec community welcomes bank sector focus on cyber resilience

  The information security community has welcomed regulators’ call on the banking industry to demonstrate their capability to respond to cyber attacks because it highlights the importance of cyber resilience for all businesses

• July 06, 2018 06 Jul'18

  Investment flows into Nordic startups from all directions

  The Nordic tech startup scene is attracting funding from a variety of sources, with private equity firms, banks and traditional IT companies all keen to put money in

• July 06, 2018 06 Jul'18

  HSBC previews the banking staff of the future

  The digital revolution in banking is set to create previously unknown jobs, and HSBC has outlined three of the job roles that will be created in the future

• July 06, 2018 06 Jul'18

  Banks given three months to report on how they respond to outages

  UK financial services regulators get tough on banks over their ability to recover from IT outages

• July 06, 2018 06 Jul'18

  How changes in retail law could affect customer experience

  New payments regulations could increase the amount of times customers will need to use two-factor authentication to make a purchase, potentially putting a strain on customer experience, according to MasterCard

• July 05, 2018 05 Jul'18

  Beware blockchain security blindspots, warns RSA

  Companies need to ensure that rushed blockchain and other new technology projects are not introducing security vulnerabilities by gaining granular visibility of network activity, according to RSA Security

• July 04, 2018 04 Jul'18

  European banks need to balance fintech strategies

  European Banking Authority highlights the risks of banks taking up fintech too quickly, and of ignoring it

• July 03, 2018 03 Jul'18

  UK financial services firms up tech investments to fuel new services

  Driven by the need to offer new services, as well as meet industry regulations, UK financial services firms are increasing spending on IT

• July 02, 2018 02 Jul'18

  HMRC deactivates record number of fake websites

  HM Revenue & Customs has removed more than 20,000 malicious websites in the past year, but warns people to stay alert to the threat from online fraudsters

• June 29, 2018 29 Jun'18

  GDPR exposes breach reporting flaws

  In the month since the GDPR compliance deadline, it has become clear that many organisations are not well prepared for personal data breach notifications, says PwC’s data protection lead

• June 27, 2018 27 Jun'18

  Nationwide Building Society to fund tech startups to the tune of £50m

  With an available fund of £50m, Nationwide Building Society is the latest traditional financial services provider to support tech startups

• June 27, 2018 27 Jun'18

  Cyber criminals 'infect and collect' in cryptojacking surge

  Illicit cryptocurrency mining offers cyber criminals lower risk, higher efficacy and greater ease of making money, adding passive exploitation to ransomware extortion, data breach theft and fraud, a report reveals

• June 27, 2018 27 Jun'18

  Technology key to keeping staff happy

  Giving employees access to the latest technologies will improve their satisfaction and increase productivity, survey shows

• June 22, 2018 22 Jun'18

  IBM early findings on disastrous TSB core banking system migration released

  Report released by Treasury Committee criticises lack of rigour in preparation for core banking system migration, but TSB says report’s content is out of date

• June 21, 2018 21 Jun'18

  Lloyds Bank cuts 450 jobs to make way for digitisation roles

  Lloyds Banking Group has axed 450 jobs to create 255 digital-focused roles as it adapts to changes in customer banking habits

• June 20, 2018 20 Jun'18

  Banks already looking for EU-based IT staff for post-Brexit operations

  UK banks already have plans to move some of their operations to the EU, with the search for EU-based IT professionals under way

• June 20, 2018 20 Jun'18

  Nine out of 10 enterprises will use robotic process automation by 2020

  Robotic process automation take-up expected to reach 92% of European enterprises within two years, finds ISG survey

• June 20, 2018 20 Jun'18

  Dutch organisations must unite to fight DDoS attacks

  Experts in the Netherlands call on Dutch corporations and institutions to work together to help prevent distributed denial of service attacks

• June 19, 2018 19 Jun'18

  Debit card payments surpassed cash for first time in 2017

  For the first time, UK customers used debit cards to make more payments than cash in 2017, a change which has come a year earlier than expected.

• June 19, 2018 19 Jun'18

  Visa reveals 'rare' datacentre switch fault as root cause of June 2018 outage

  Visa has offered a retrospective analysis of what went wrong in its datacentre during its UK-wide outage on Friday 1 June, in response to a request from the Treasury Select Committee for more detail about the downtime

• June 19, 2018 19 Jun'18

  Surface web used in private data sales

  The surface web plays an integral role in the selling of personal information, a report on identify fraud has revealed

• June 19, 2018 19 Jun'18

  Young generation tempted by Amazon bank-like services

  Tech firms offering banking services will be inevitable in the future as more than half of young people are tempted by such a prospect