News

IT for financial services

• September 08, 2016 08 Sep'16

  Insurance brokers count cost of lost business as SSP SaaS platform outage enters second week

  SSP confirms to Computer Weekly it has no clear idea when all brokers will be able to continue doing business via its SaaS platform, two weeks on from Solihull datacentre power outage

• September 08, 2016 08 Sep'16

  Bank IT spending to hit $241bn across four major global regions

  IT spending across four major economic regions will increase by around 4% in 2016, but Europe is the least certain

• September 07, 2016 07 Sep'16

  Barclays uses blockchain for trade finance transactions

  Barclays Bank has successfully tested the use of blockchain technology to complete a large trade finance agreement, which promises huge efficiencies

• September 05, 2016 05 Sep'16

  Mobile device use feeds card fraud in Asean region

  Card fraud is rising in Asean countries, with the high use of mobile devices a contributing factor.

• September 02, 2016 02 Sep'16

  Banks should avoid customer service robots for a few more years

  Banking sector should not use software robots to automate customer services such as chat because consumers expect better service levels when it come to their finances

• August 30, 2016 30 Aug'16

  Westpac bank launches Databank data protection service

  Australia's Westpac bank is offering organisations that share customer data a service that it says securely locks down personal information

• August 24, 2016 24 Aug'16

  UK second only to US in DDoS attacks

  Distributed denial of service attacks on UK organisations have eased from a peak in the fourth quarter of 2015, but the UK remains the world’s second most targeted country

• August 19, 2016 19 Aug'16

  Expect ransomware arrests soon, says bitcoin tracking firm Chainalysis

  Law enforcement organisations are set to ramp up arrests of cyber criminals behind ransomware attacks, according to financial technology startup Chainalysis

• August 19, 2016 19 Aug'16

  Police arrest woman in connection with Sage data breach

  A woman has been arrested on suspicion of fraud in connection with a data breach at accounting software firm Sage

• August 15, 2016 15 Aug'16

  Financial sector faces era of cyber mega heists

  Banks and other financial institutions are threatened by a new breed of elite cyber criminals running professional operations that will use any means to achieve their goals, says Barclays security chief

• August 09, 2016 09 Aug'16

  PwC Australia uses gamification to teach cyber security lessons

  With the number of cyber incidents identified by Australian organisations more than doubling in the past year, PwC is using an online game to give enterprises first-hand experience of what it means to face a cyber attack

• August 05, 2016 05 Aug'16

  RBS abandons IT project for hiving off 300+ bank branches

  RBS has abandoned a project to create an IT platform to support the sell-off of more than 300 bank branches

• August 05, 2016 05 Aug'16

  Banner Health cyber breach underlines need for faster intrusion detection

  A data breach at Banner Health has highlighted the importance of intrusion detection and prompted calls for greater cyber security investment in the increasingly targeted healthcare industry

• August 04, 2016 04 Aug'16

  Singapore’s DBS Bank signs up to Amazon cloud

  The latest move in the cloud journey of DBS bank in Singapore is an agreement with Amazon Web Services

• August 03, 2016 03 Aug'16

  One in five businesses hit by ransomware are forced to close, study shows

  More than half of UK companies have been hit by ransomware in the past year, a study on the impacts of this popular attack method has revealed

• August 01, 2016 01 Aug'16

  Barclays to use voice recognition for phone banking

  Retail bank says technology will provide secure verification by recognising the unique characteristics of each person’s voice

• July 29, 2016 29 Jul'16

  German digital bank Fidor acquired by French banking giant

  Fidor CEO says merger with BPCE will allow challenger to continue its international expansion

• July 26, 2016 26 Jul'16

  Tel Aviv Stock Exchange centralises functions with ERP

  The Tel Aviv Stock Exchange has installed first ever ERP system. CIO Eldad Hershtig explains his strategic choices and implementation path

• July 21, 2016 21 Jul'16

  Security industry welcomes cyber crime’s inclusion in official stats

  The security industry welcomes the inclusion of cyber crime statistic in official crime reports to highlight the size and nature of the threat

• July 12, 2016 12 Jul'16

  IBM sets up security centre in Canberra

  IBM leads the charge as large private businesses invest heavily in security resources across Australia in an attempt to close the security gap

• July 12, 2016 12 Jul'16

  Standard Chartered takes global delivery network to next level

  Bank to invest $3bn in global delivery network, with particular focus on scaling up Malaysian centre

• July 11, 2016 11 Jul'16

  Visa’s Dubai innovation centre to focus on digital payments

  Visa has opened a technology innovation centre in Dubai to focus on cashless payments

• July 11, 2016 11 Jul'16

  DWP trials blockchain technology for benefit payments

  The Department for Work and Pensions (DWP) trials blockchain's distributed ledger technology, with benefit claimants using a mobile app to track welfare payments

• July 04, 2016 04 Jul'16

  Thailand’s TMB Bank modernises IT through the cloud

  Bank used a move to Office 365 as a starting point for its transformation into a cloud-first organisation

• July 01, 2016 01 Jul'16

  Barclays banks on agile and DevOps to tackle competitive threats in fintech

  Barclays Bank opens up about how increasing competition in the financial services sector has fuelled its 18-month, company-wide campaign to increase its use of agile and DevOps methodologies

• June 30, 2016 30 Jun'16

  LizardStresser IoT botnet launches 400Gbps DDoS attack

  Attack groups using the LizardStresser botnet are exploiting IoT devices to mount massive DDoS attacks without using amplification techniques, say researchers

• June 28, 2016 28 Jun'16

  Finland’s prisons move to a cashless world

  Inmates in Finland’s prisons will no longer need to use cash as a pre-paid card system is rolled out

• June 27, 2016 27 Jun'16

  Banking IT community faces uncertain Brexit future

  The financial services IT community faces a period of uncertainty as finance firms reassess plans following the EU referendum result

• June 20, 2016 20 Jun'16

  Lower average cost of Australian data breaches is not a sign of comfort

  The average cost of a data breach to Australian organisations dropped in 2015, according to research

• June 17, 2016 17 Jun'16

  Hays Recruitment service desk project is all gain and no pain

  The firm was attracted by the many benefits of a cloud-based service desk, but chief among them was the low risk involved in implementation

• June 14, 2016 14 Jun'16

  Tesco Bank partners with MasterCard to develop digital payments

  Tesco’s retail bank has partnered with payment provider MasterCard to give customers more innovative digital payment methods

• June 13, 2016 13 Jun'16

  Singapore banks adopt voice biometrics for user authentication

  Banks in Singapore are rolling out biometric technology to improve customer services by speeding up the authentication process

• June 08, 2016 08 Jun'16

  Citrix expands in Middle East with first Saudi Arabia office

  Citrix is increasing its presence in the Middle East, opening its first office in Saudi Arabia with plans to expand into Qatar and Egypt

• June 07, 2016 07 Jun'16

  Unlicensed software rife among Asean computer users, says BSA

  The Asean region has the highest levels of unlicensed software use, according to the 2016 Global Software Survey from the Business Software Alliance (BSA)

• May 30, 2016 30 May'16

  Middle East CIO interview: V. Chandrasekar, Standard Chartered

  The CIO of Standard Chartered bank in the Middle East tells Computer Weekly about the challenge of keeping customers happy through IT

• May 26, 2016 26 May'16

  UK government details plans for National Cyber Security Centre

  The objectives of the UK’s National Cyber Security Centre are to address systemic vulnerabilities, reduce risks, respond to serious incidents and nurture national cyber security capability

• May 25, 2016 25 May'16

  A new wave of cyber attacks targets the Middle East’s banks

  Hot on the heels of the Qatar National Bank breach comes a campaign employing advanced social engineering techniques

• May 24, 2016 24 May'16

  Philippines expands tax payments with mobile system

  The Philippines tax office is enabling people to access more services via their mobile phones

• May 19, 2016 19 May'16

  ING Turkey uses digital technology to improve services and grow customer base

  Turkish bank uses business process management technology to offer financial services through 1,500 grocery stores, technology outlets and post offices

• May 16, 2016 16 May'16

  HSBC cuts hundreds of UK IT jobs

  HSBC is cutting its UK IT workforce and transferring jobs to lower-cost countries as part of its global delivery strategy

• May 13, 2016 13 May'16

  Time to shift information security focus away from prevention, says Swiss bank CISO

  Organisations need a new approach which recognises security is “breakable”, according to Michael Meli

• May 13, 2016 13 May'16

  Swift reports another Bangladesh central bank-style cyber attack

  Global financial messaging organisation Swift warns of a highly adaptive cyber criminal campaign targeting banks with user credentials to submit transfer requests

• May 12, 2016 12 May'16

  IAM central to Deutsche Bank’s digital transformation

  Deutsche Bank is using a centralised identity and access management (IAM) system and an application program interface (API) architecture for digital transformation

• May 09, 2016 09 May'16

  Singapore smart city chief delivers vision to the world

  The Singapore government minister running the city state's smart nation project tells the world about the country’s smart nation vision

• May 06, 2016 06 May'16

  Swedbank boosts customer service with a virtual assistant

  Nuance Nina will offer basic frontline support for online customers

• May 06, 2016 06 May'16

  Ransomware emerges as a top cyber threat to business

  Security researchers at Kasperky Lab and FireEye confirm that the upward trend of ransomware is continuing and has emerged as a top threat to business

• May 05, 2016 05 May'16

  Gulf Air creates private cloud to support open-source big data engine

  Airline is using a private cloud and open-source software to enable it to analyse social media and understand what consumers think about it

• May 04, 2016 04 May'16

  Real-time data helps manage traffic in Philippines

  OpenTraffic smart data platform provides free GPS information for better analysis of travel speeds and journey times in Metro Manila and Cebu City

• May 04, 2016 04 May'16

  Shell the latest multinational to insource IT offshore

  Oil giant Shell is the latest large business to announce plans to insource its IT operations at a delivery centre in Bangalore, India

• April 29, 2016 29 Apr'16

  Tech-savvy Asean populations shake up enterprise IT, says AIA CTO

  A young, urban and tech-savvy population in the Asean region has forced enterprises to rethink their IT strategies