News

IT for financial services

• April 19, 2018 19 Apr'18

  Mastercard calls for global online payments standard

  Mastercard and its EMV partners are pushing for online payments standards similar to those for point-of-sale payments

• April 18, 2018 18 Apr'18

  Huawei debuts its first intent-based networking proposition

  At its Shenzhen Analyst Summit, Huawei unveiled its intent-based networking concept, promising to address enterprise customer pain points around network management

• April 18, 2018 18 Apr'18

  DDoS attacks cost up to £35,000

  Despite the direct financial impact of DDoS attacks, this is not considered to be the most damaging effect on companies targeted this way, a survey shows

• April 17, 2018 17 Apr'18

  UK identity fraud reaches record level

  The level of identity fraud has reached its highest level to date, a UK fraud report shows

• April 17, 2018 17 Apr'18

  Artificial intelligence will help Metro Bank customers manage their money

  Service will use AI and predictive analytics to provide personalised prompts to help customers control their spending

• April 16, 2018 16 Apr'18

  Santander uses Ripple technology to offer international payments

  Santander has launched an international fund transfer service for retail customers in the UK about two years after it started testing the blockchain-based application

• April 16, 2018 16 Apr'18

  Fintech sector increasingly attractive compared to traditional banking for IT professionals

  Fintech job vacancies are growing, while less are being advertised in traditional banking sector companies

• April 13, 2018 13 Apr'18

  Addressing consumer concerns will drive success for open banking

  Experts say consumers will feel more comfortable about sharing their data as part of open banking once more valuable use cases become available

• April 11, 2018 11 Apr'18

  Finnish government backs national AI development strategy

  Government is harnessing Finland’s tech base to help make the country a leading location for the artificial intelligence industry

• April 10, 2018 10 Apr'18

  PayPal is latest tech giant to eye traditional banking

  PayPal set to launch launch traditional retail banking services in the first half of this year

• April 10, 2018 10 Apr'18

  Ransomware top cyber threat, DBIR shows

  Ransomware remains the top cyber security threat to organisations, humans continue to be significant weakness and HR departments are a top target, according to the latest Verizon Data breach investigations report

• April 09, 2018 09 Apr'18

  More than one in 10 employees fall for social engineering attacks

  Employees download malicious files, click phishing links, correspond with hackers, and even share contact information for their colleagues, a report reveals

• April 09, 2018 09 Apr'18

  HSBC adopts fintech to fight money laundering

  HSBC is using technology from a fintech startup to help it monitor transactions for potential money laundering

• April 09, 2018 09 Apr'18

  Dubai's gamble on bitcoin property sales

  Dubai is pioneering the use of bitcoin in the real world, with the property sector leading the way

• April 06, 2018 06 Apr'18

  UK challenger bank gives up banking licence to focus on fintech

  CivilisedBank plans to serve small and medium-sized enterprises with savings and investment products

• April 06, 2018 06 Apr'18

  HSBC IT whistleblower faces extradition to Switzerland

  Hervé Falciani, who stole data from thousands of private banking customers, is apprehended in Spain following the issuing of an international arrest warrant

• April 05, 2018 05 Apr'18

  Deutsche Bank system replacement already paying back

  Deutsche bank is replacing a complex IT infrastructure that helps its traders operate and automates regulatory compliance processes

• April 05, 2018 05 Apr'18

  Retail sector top cyber attack target

  The retail sector was the top cyber attack target in 2017, as cyber attacks evolved to become more organised and structured, a report reveals

• April 05, 2018 05 Apr'18

  Interview: GDPR will give Dutch privacy watchdog its teeth

  The Netherlands’ privacy watchdog has not handed out fines so far because there has been no reason to, says the organisation’s chairman, Aleid Wolfsen

• April 04, 2018 04 Apr'18

  Ransomware puts pressure on incident response

  Cyber attackers switched focus to ransomware attacks in 2017 putting pressure on incident response, while human error was responsible for two-thirds of compromised records, a study shows

• April 04, 2018 04 Apr'18

  Average attacker dwell time nearly six months for EMEA, study shows

  Firms in Europe, the Middle East and Africa take nearly six months to detect cyber attacks on average, a report reveals

• April 03, 2018 03 Apr'18

  UK firms failing to make financial plans for cyber attacks

  Most UK firms are failing to plan for the financial impact of cyber attacks, a survey by Lloyds Bank has revealed

• March 29, 2018 29 Mar'18

  Europol operation nabs another 20 cyber criminals

  Police have arrested 20 cyber criminals in connection with a €1m fraud operation across Italy and Romania

• March 29, 2018 29 Mar'18

  AstraZeneca IT exec steps down

  Pharmaceutical giant’s vice-president of IT transformation and office of the CIO, Chris Day, is leaving the company after eight years in the role

• March 29, 2018 29 Mar'18

  Cryptocurrency mining rampant in higher education

  Higher education institutions are the biggest target for illicit cryptocurrency mining, data shows

• March 28, 2018 28 Mar'18

  Home Office ‘over-promised’ on exit checks programme, report finds

  Chief inspector of borders and immigration calls on Home Office to re-establish exit checks project with proper data quality in place, but department rejects recommendation

• March 28, 2018 28 Mar'18

  Majority of European firms unprepared for phishing attacks

  Most cyber attacks can be traced back to a phishing email, but more than half of European firms are unprepared to deal with email-based attacks, research has revealed

• March 27, 2018 27 Mar'18

  Most top UK firms fail to disclose cyber risk testing details

  Most of the largest UK companies do not reveal their testing of cyber protection plans and do not share security updates with the board regularly, a Deloitte report reveals

• March 26, 2018 26 Mar'18

  Police arrest €1bn cyber heist mastermind

  Police have arrested a key member of the Carbanak gang believed to be responsible for more than 100 cyber heists worldwide

• March 26, 2018 26 Mar'18

  Blockchain not ready for cross-border bank payments

  The use of blockchain in certain parts of the financial services industry is limited at present due to the additional IT work required around its use

• March 26, 2018 26 Mar'18

  Swedish study talks up benefits of artificial intelligence

  A major report has reassured Swedish society that artificial intelligence will be a positive force for change despite fears of job losses

• March 23, 2018 23 Mar'18

  European insurtech growth dwarfs US

  Europe is seeing rapid growth in its insurtech as investors pump hundreds of millions into the sector

• March 22, 2018 22 Mar'18

  Privacy group calls for UK response to data exploitation

  Policy-makers need to respond swiftly to the Cambridge Analytica and Facebook data exploitation scandal, according to privacy rights group

• March 22, 2018 22 Mar'18

  Colt pioneers blockchain in telco voice wholesaling

  Colt Technology Services and Hong Kong Telecom’s international unit PCCW Global teamed up to trial the use of blockchain in wholesale voice settlements

• March 22, 2018 22 Mar'18

  Application layer DDoS attacks increasing, Imperva data shows

  Distributed denial of service attacks targeting applications almost doubled in the last three months of 2017, according to Imperva Incapsula data

• March 22, 2018 22 Mar'18

  Fintechs weigh up their partnership options

  Fintechs need to consider what type of companies they should work with to make the most of open banking regulations

• March 22, 2018 22 Mar'18

  Chancellor of the exchequer announces UK fintech strategy

  The government has outlined its plans to support the financial technology industry in the UK

• March 21, 2018 21 Mar'18

  IT attracts more foreign investment projects to UK than other sectors

  IT accounts for the highest number of foreign direct investment projects in the UK, which should come as a warning to the UK government to listen to the sector

• March 21, 2018 21 Mar'18

  RBS said to be setting up its own digital bank

  Royal Bank of Scotland is reportedly setting up a standalone digital bank to take advantage of changing customer habits

• March 20, 2018 20 Mar'18

  Ireland eyes Brexit-triggered tech investments

  The organisation that champions Ireland to foreign investors has seen an increase in IT companies moving to its shores

• March 20, 2018 20 Mar'18

  IBM delivers Watson-powered voice assistant for consumer brands

  Alexa and Google Assistant have taken residence in people's homes. IBM aims to give companies a way to deliver their own branded AI voice assistants

• March 20, 2018 20 Mar'18

  Brexit is an opportunity to transform, says HMRC digital transformation director

  HMRC’s digital transformation director Brigid McBride on Brexit opportunities, using AI and robotics to improve services, and growing the API ecosystem

• March 19, 2018 19 Mar'18

  First Direct enables customers to pay by Siri

  Customers of online bank First Direct can now use voice commands to transfer money through Apple’s digital assistant

• March 16, 2018 16 Mar'18

  Employers face hiring crisis as AI replaces mid-skilled jobs

  Artificial intelligence could replace two-thirds of existing jobs within 20 years, and employers will face growing difficulties recruiting skilled staff

• March 16, 2018 16 Mar'18

  Cyber criminals using complex financial system, study shows

  Cyber criminals are using a combination of new cryptocurrencies, gaming currencies and micro-payments to launder up to $200bn in ill-gotten gains, research has revealed

• March 15, 2018 15 Mar'18

  With auditability, deep learning could revolutionise insurance industry

  The likes of Google may be pushing deep learning in artificial intelligence, but it may not be the best approach for regulated industries

• March 14, 2018 14 Mar'18

  Kenyan solar supplier leans on IoT and fintech for new growth

  Mastercard packed its stand at Mobile World Congress with new use cases for fintech in the developing world and launched a new partnership with Kenyan solar energy supplier M-KOPA

• March 14, 2018 14 Mar'18

  Most people think cryptocurrency will be accepted on buses by 2025

  Cryptocurrency is a mystery to many people, yet 55% of respondents to a survey expect shops and buses to accept digital money in seven years’ time

• March 12, 2018 12 Mar'18

  BNP Paribas integrates Tink as part of PSD2 strategy

  BNP Paribas Fortis is working with fintech company Tink to integrate software into its mobile app, which will enable customers to aggregate their finances

• March 09, 2018 09 Mar'18

  Amazon bank could have 70 million customers in five years

  Amazon could have more banking customers in the US than the UK has citizens within five years