News

IT for financial services

• 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

• August 17, 2017 17 Aug'17

  World's largest’ data center planned in Norway

  Norway will soon have the biggest datacenter in the world which will harness the countries rich natural resources

• August 17, 2017 17 Aug'17

  Barclays ring-fencing project means downtime for customers

  Many Barclays services will be unavailable this weekend as part of the bank's project to separate retail and investment operations

• August 16, 2017 16 Aug'17

  A decade of IT change since banking meltdown

  With 10 years passing since Northern Rock had to be bailed out by the government, we look at how banking IT has changed since the financial crisis

• August 11, 2017 11 Aug'17

  BBVA tops Forrester mobile bank app chart

  Spanish bank BBVA has the best mobile banking app in the world, according to Forrester Research

• August 11, 2017 11 Aug'17

  HSBC uses IBM to automate the processing of 100 million document pages

  In another instance of banks adopting automation to lower costs and drive productivity, HSBC uses IBM analytics technology to cut down on its paper trail

• August 10, 2017 10 Aug'17

  China tests hack-proof quantum satellite communications

  China has tested a prototype communication system that uses the principles of quantum mechanics to make it impossible for hackers to access

• August 09, 2017 09 Aug'17

  Over 40% of IT professionals want another general election this year

  A large proportion of IT workers in the UK want another general election this year in the hope it will stave off a hard brexit

• August 09, 2017 09 Aug'17

  Nordic countries top digital nations ranking, but risk stalling

  Nordic countries are leaders when it comes to digitisation – but they must continue to innovate to retain their position

• August 08, 2017 08 Aug'17

  WannaCry hero due in court on malware charges

  The Briton who played a key role in halting the global WannaCry ransomware attacks is due in court in the US to face charges in connection with the Kronos banking Trojan

• August 03, 2017 03 Aug'17

  Ransom DDoS attacks on the rise

  The use of distributed denial of service (DDoS) attacks to extort money from organisations is on the rise, warns security firm Kaspersky Lab

• July 25, 2017 25 Jul'17

  AA Ireland turns to predictive analytics in fraud crackdown

  Roadside assistance company invests in analytics software to fight fraud and introduce dynamic pricing after its split with the AA

• July 25, 2017 25 Jul'17

  Nordea deploys AI to speed up customer service

  Nordea is reaping the rewards of its fintech investments through its latest project to use artificial intelligence to support customers

• July 20, 2017 20 Jul'17

  TSB to introduce iris scan authentication in September 2017

  TSB customers will soon be able to access their mobile bank accounts through iris scanning, which is regarded as the most secure biometric authentication available