News

IT for financial services

• December 11, 2017 11 Dec'17

  Workers should embrace robots, not fear them, says Labour deputy

  Labour deputy leader to say workers need not fear robots taking their jobs, but welcome the opportunities they will bring

• December 11, 2017 11 Dec'17

  Bumps in the road ahead for Nordic cashless societies

  Sweden and Norway are global leaders when it comes to reducing the use of cash in the economy – but what about the Nordic region as a whole?

• December 10, 2017 10 Dec'17

  Russian-speaking hackers targeting financial institutions

  A Russian-speaking cyber criminal gang is targeting financial institutions in the UK, US and Russia, a Moscow-based security firm reports

• December 08, 2017 08 Dec'17

  Hackers steal nearly $80m in bitcoin

  Hackers have stolen nearly $80m worth of bitcoin from a bitcoin mining service as the cryptocurrency’s value continues to skyrocket

• December 06, 2017 06 Dec'17

  UKtech50 2017 - The most influential people in UK IT

  Computer Weekly has announced the eighth annual UKtech50 – our definitive list of the movers and shakers in the UK IT sector

• December 06, 2017 06 Dec'17

  CIO interview: Carlos Abarca, TSB

  Carlos Abarca is guiding TSB through its migration from systems hosted by a competitor to a digitally focused in-house core banking platform.

• December 05, 2017 05 Dec'17

  Bitcoin industry enters top 10 DDoS targets

  The bitcoin industry has become one of the top 10 industries most targeted by distributed denial of service attacks, a report has revealed

• December 04, 2017 04 Dec'17

  Barclays Bank stops offering Kaspersky software to new users

  Bank is no longer offering customers Kaspersky anti-virus software after UK security agency issues warning

• November 29, 2017 29 Nov'17

  Norway merges payment systems to combat global competition

  Norwegian banks are merging three payment and identification systems in the face of increased competition from companies in other countries

• November 28, 2017 28 Nov'17

  Fintech is increasing operational risk to banks

  European Banking Association report reveals fear of greater operational risk because of increased take-up of fintech in financial services sector

• November 27, 2017 27 Nov'17

  UK IT professionals could lose out in a free trade deal between UK and India

  There could be an increase in Indian IT professionals coming to work in the UK post-Brexit if a new trade deal is signed with India

• November 16, 2017 16 Nov'17

  Private Swiss bank Julius Baer to save $1m a year with cloud HR

  Julius Baer banks on higher returns after replacing on-premise systems with cloud HR services

• November 16, 2017 16 Nov'17

  Post Office court case judge issues warning to legal teams

  The high court judge managing the sub-postmasters versus Post Office legal case over an allegedly faulty computer system tells legal teams to cooperate

• November 13, 2017 13 Nov'17

  DBS teams up with Equinix to reduce datacentre footprint

  Building on earlier efforts to harness cloud computing to support growing compute workloads, DBS’s new private cloud datacentre will be smaller, greener and cheaper to run

• November 09, 2017 09 Nov'17

  TSB customers can use their faces to authenticate payments

  Bank’s latest addition to its mobile apps is a facial recognition option for Apple iPhone X users

• November 09, 2017 09 Nov'17

  Bangalore offers the best ecosystem for digital transformation, says Economist report

  Bangalore ranked as the number one location for businesses looking to access the right ecosystem to support digital transformation

• November 06, 2017 06 Nov'17

  Bank of Scotland testing out artificial intelligence on customer iPhone app

  Bank of Scotland pilots artificial intelligence within its iPhone banking app.

• November 03, 2017 03 Nov'17

  Go beyond GDPR for a competitive edge

  By exceeding the bare minimum requirements set by privacy regulations, businesses can win customers by offering greater assurances, says a business adviser

• November 03, 2017 03 Nov'17

  Monique Shivanandan leaves Aviva

  CIO has left the insurance company after more than three years in the role

• November 02, 2017 02 Nov'17

  Middle East blockchain forum moves to accelerate adoption of the distributed ledger technology

  Blockchain technology is becoming more widely used by financial services companies in the Middle East, and is finding its way into other sectors in the region

• October 31, 2017 31 Oct'17

  Image recognition system clears cheques in one day

  All cheques paid in the UK will be cleared on the next working day once an image-based clearing system is fully rolled out

• October 27, 2017 27 Oct'17

  Nordea lays off 6,000, citing digital transformation as the driver

  Nordea is cutting staff as a result of its ongoing digital transformation, which means it needs less people

• October 24, 2017 24 Oct'17

  Nordic finance watchdogs losing patience over anti-money laundering systems at banks

  The financial services watchdogs have informed banks that they have to do more to improve anti-money laundering systems

• October 18, 2017 18 Oct'17

  Focus needs to shift to breach impact, says McAfee researcher

  Breach investigations commonly focus on the attackers and their motives, but a security researcher believes there needs to be more emphasis on business impact

• October 18, 2017 18 Oct'17

  Cloud service spending almost matches traditional IT outsourcing

  Traditional outsourcing spending has plummeted in the latest three-month period, but spending on cloud-based IT services is going some way to filling the void

• October 17, 2017 17 Oct'17

  RSA’s Middle East cyber security conference gains its own identity

  RSA Abu Dhabi conference focuses on region’s cyber security needs as digital technology deployments expand

• October 12, 2017 12 Oct'17

  UK bank Standard Chartered opens IT service centre in Bangalore

  Bank is expanding its operation in India, which provides business services to its operations globally

• October 11, 2017 11 Oct'17

  Dutch government agreement increasingly focuses on IT security

  The coalition government in the Netherlands has agreed its plan for the next four years, with IT security prominent

• October 10, 2017 10 Oct'17

  Some IT contractors earning more than £700 a day

  Research shows 40% of contractors reach the average annual IT salary within three months

• October 03, 2017 03 Oct'17

  CIOs moving to revenue-generating roles

  Gartner survey shows changing role for CIOs to cover revenue generation and deriving value from data, and spending less time on traditional IT delivery

• September 27, 2017 27 Sep'17

  RHB Bank rolls out chatbot for loan applications

  The Malaysian lender hopes to improve the loan application experience and grow its personal loan business by 60% through a new chatbot

• September 25, 2017 25 Sep'17

  Amazon launches Middle East region

  Amazon opens its latest delivery hub in Bahrain to serve customers in the Middle East

• September 20, 2017 20 Sep'17

  Why businesses should tackle the digital workplace

  IT chiefs should make implementing the digital workplace core to their company’s digitisation strategy, says analyst Gartner

• September 20, 2017 20 Sep'17

  Blockchain tests delivering results and IBM seen as leader

  Businesses that have invested in trials of blockchain technology will repeat their investments

• September 15, 2017 15 Sep'17

  Banks across Europe cut thousands of staff and branches as IT replaces them

  Banks across Europe cut jobs and close thousands of branches as IT shakes the industry

• September 14, 2017 14 Sep'17

  BT offers enterprise customers flexible bandwidth for peak usage

  New element of BT IP Connect Global WAN service will enable businesses to dial their network capacity up and down at will

• September 08, 2017 08 Sep'17

  Millions of customer records compromised in Equifax breach

  Major security breach unfolded over a two-month period, and is thought to have affected 143 million customers in the US, as well as an undisclosed number of Britons and Canadians

• September 07, 2017 07 Sep'17

  Thousands of Deutsche Bank employees will be replaced by robots

  The CEO of Deutsche Bank said a "big number of staff will eventually be replaced by robots” as it looks towards artificial intelligence technology

• September 06, 2017 06 Sep'17

  European Union states question copyright law proposal

  European states are questioning legality of a new copyright law proposed by the EU

• September 05, 2017 05 Sep'17

  People with non-IT backgrounds could help fill cyber security skills gap

  Organisations should look to fill cyber security roles with people who are curious and have work experience rather than focusing solely on graduates

• September 04, 2017 04 Sep'17

  Women still under-represented in Nordic IT despite region’s efforts

  Although countries in the Nordic region are often hailed as pioneers of digital and equal worker rights, there is still gender inequality in the IT sector.

• September 04, 2017 04 Sep'17

  Government launches FTTP pilot for businesses, schools and hospitals

  The government has released £10m to six FTTP trial projects around the UK, testing ultrafast broadband technology in businesses, schools and hospitals

• August 31, 2017 31 Aug'17

  App-based challenger bank Starling enters next stage of its journey

  Thousands of people are downloading Starling’s app every week as the bank builds its customer base

• August 30, 2017 30 Aug'17

  Researcher finds over 711 million compromised email accounts

  A security researcher has discovered a spambot using more than 711 million compromised email accounts to spread data-stealing malware

• August 30, 2017 30 Aug'17

  Challenger bank Fidor reaches 200,000 customers

  Fintech trailblazer Fidor now has more than 200,000 people using its banking services, but its CEO believes the fintech environment is getting tougher

• August 29, 2017 29 Aug'17

  Danske Bank taps into the cognitive capabilities of IBM Watson

  Danish bank is using IBM Watson as part of a major IT outsourcing deal

• August 23, 2017 23 Aug'17

  UAE telco Du pushes SaaS adoption in Middle East

  The Middle East looks set to see strong growth in software as a service and IT departments need to take a different approach

• August 22, 2017 22 Aug'17

  Barclays installs devices to monitor office use

  Barclays bank has installed sensors connected to a cloud-based analytics platform to monitor and analyse office use

• August 22, 2017 22 Aug'17

  Blockchain skills in high demand and jobs being swept up quickly

  Job vacancies for people with blockchain skills are being filled in just seven days, on average, once they are advertised online

• August 21, 2017 21 Aug'17

  HSBC streamlines mortgages with Capita software

  Bank is using software to improve its mortgage application processes and subsequently increase business through brokers