News

IT for financial services

• 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

• June 18, 2018 18 Jun'18

  Bank uses AI to select job candidates

  Singapore’s DBS Bank is using artificial intelligence to automate parts of its recruitment process

• June 14, 2018 14 Jun'18

  Cyber attack warnings highlight need to be prepared

  Fresh warnings about the vulnerability of national infrastructure to cyber attacks show the need for securing and monitoring associated control systems connected to the internet

• June 14, 2018 14 Jun'18

  Bank of England to set minimum service requirements after TSB and Visa outages

  The Bank of England is planning new rules for the minimum service levels that financial service providers must offer, even during IT outages

• June 12, 2018 12 Jun'18

  Mayor Khan bids to make London the world’s smartest city

  At London Tech Week, mayor Sadiq Khan launched a city-wide initiative to harness the capital’s technology talent to address London’s most pressing problems

• June 12, 2018 12 Jun'18

  Insurer Beazley meets global challenge to secure mobile workforce

  Beazley has stolen a march on other London-market insurers by implementing a versatile global digital workspace with improved security

• June 12, 2018 12 Jun'18

  BT announces “unhackable” quantum-secured network

  In the face of the threat that quantum computers could crack many of the encryption methods used to protect highly sensitive data, BT has developed a “quantum-secured” network

• June 11, 2018 11 Jun'18

  Coinrail cyber heist highlights need for exchange security

  A cyber heist at South Korea’s Coinrail has prompted fresh calls for industry regulations to drive better cyber security at cryptocurrency exchanges

• June 08, 2018 08 Jun'18

  Thriving fintech, AI sectors give boost to UK tech funding

  British technology businesses have received £5bn worth of venture capital funding since June 2016 – more than France, Germany and Sweden put together – with fintech and AI startups standing out

• June 07, 2018 07 Jun'18

  IT spending reaches 10-year high as CIOs struggle with digital technology strategy

  IT leaders have seen their budgets and headcounts rise for the first time in 10 years, but face challenges implementing their digital strategies

• June 06, 2018 06 Jun'18

  Financial Conduct Authority raises questions over TSB's IT regression testing

  The FCA will look at whether TSB carried out sufficient regression and user acceptance testing before migrating to a new IT platform

• June 06, 2018 06 Jun'18

  HMRC puts numerous IT projects on hold to focus on Brexit

  Nearly 40 technology projects and changes are being put on the backburner because of Brexit priorities, including improving HM Revenue and Customs’ data-sharing capabilities and parts of the Maxing Tax Digital programme

• June 06, 2018 06 Jun'18

  Understanding is key to security awareness, says specialist

  Only if people understand why cyber security matters will they change their behaviours as a result of awareness training, according to a human behaviour specialist and cyber security consultant

• June 04, 2018 04 Jun'18

  Visa blames hardware failure for UK-wide card payment system outage

  Credit card payment processor moves to assure customers that last Friday afternoon’s downtime was not the work of hackers