News
IT for financial services
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January 23, 2015
23
Jan'15
Mobile banking will help the poor transform their lives, says Gates Foundation
Mobile banking can help the poor change their lives and two billion people who don’t have bank accounts store money by phone by 2030
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January 21, 2015
21
Jan'15
Case study: Hedge fund AHL Man Group uses MongoDB to feed quants with data
Hedge fund AHL Man Group replaces disparate relational databases with a single data platform built on NoSQL database MongoDB
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January 21, 2015
21
Jan'15
Six challenger banks using IT to shake up UK retail banking
The retail banking sector is going through a period of regulation-driven change and IT is playing a key role
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January 20, 2015
20
Jan'15
Younger users prefer biometrics to passwords
Younger bank customers would rather use biometrics than PINs and passwords for security, according to Visa Europe
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January 19, 2015
19
Jan'15
Google to buy Softcard in latest round of financial services empire building
Google is in talks to acquire mobile phone payments system Softcard as it increases its financial services capabilities
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January 16, 2015
16
Jan'15
Barclays creates role to lead transformations
Barclays Bank has appointed a group chief operating officer (COO) to lead it through transformations, including major IT investments
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January 15, 2015
15
Jan'15
Barclays bank launches kids' coding site
Barclays bank launches a coding app for children and offers weekly classes to increase its credentials in IT-based service provision
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January 13, 2015
13
Jan'15
Atom Bank could be first real threat to traditional banks
Digital-only bank could be the first real challenge to high street banks if it turns its low-cost operating advantage into better rates for customers
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January 12, 2015
12
Jan'15
Services provider Tech Mahindra adds banking IT expertise to its portfolio
Indian IT services supplier Tech Mahindra adds consultancy skills and gains finance customers after buying banking services firm Sofgen
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January 08, 2015
08
Jan'15
Sainsbury's Bank IT system problems a warning to new banks
Sainsbury's Bank has experienced IT problems that left customers unable to use their credit cards for a day
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January 07, 2015
07
Jan'15
Alibaba bank and WeBank show Google and Facebook the way
Technology can drive traditional banks to reform, says Chinese premier Li Keqiang at the launch of China’s first online-only bank
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January 06, 2015
06
Jan'15
Online money transfer provider Xoom suffers multimillion-dollar fraud
Digital money transfer provider Xoom has admitted to suffering a $30.8m loss at the hands of fraudsters
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January 06, 2015
06
Jan'15
Cool and funky bank to launch in UK soon
The UK launch of a web 2.0 and social media-based bank in the UK is imminent as Germany’s Fidor Bank applies for UK licence
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January 05, 2015
05
Jan'15
Deal between RBS and CA over IT failure will remain secret
The details of the financial settlement between RBS and CA Technologies in relation to a massive IT failure will remain secret
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December 22, 2014
22
Dec'14
Top 10 CIO interviews of 2014
The top technology chiefs in the UK shared their opinions and experiences of modern IT leadership
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December 19, 2014
19
Dec'14
Digital technology to open up core banking market
The challenges of digital banking will open core banking software market to more suppliers as banks attempt to keep up
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December 17, 2014
17
Dec'14
Fears over the IT security of new banks are overblown
Challenger banks such as PayPal are perceived to be less secure than traditional banks when protecting personal data. But is this the case?
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December 09, 2014
09
Dec'14
Banks are opening up IT to third parties, as hackathon demonstrates
National Australia Bank (NAB) opened its IT to its internal tech team and independent developers to access innovation
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December 08, 2014
08
Dec'14
Barclays expands cheque payment technology
Barclays is expanding a pilot to enable a million customers to pay in cheques online by taking a picture of them
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December 07, 2014
07
Dec'14
Virgin money invests in mobile money firm
Virgin Money has partnered with mobile money provider Monitise to provide customers with mobile banking solutions
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December 03, 2014
03
Dec'14
UKtech50 2014 - The most influential people in UK IT
Computer Weekly has announced the fifth annual UKtech50, our definitive list of the movers and shakers in UK IT
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December 02, 2014
02
Dec'14
Danske Bank latest to take offshore IT in-house
Danske Bank is the latest company to transform its offshore IT strategy by setting up a captive centre in India next year
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December 01, 2014
01
Dec'14
ABN Amro re-signs IBM for 10-year, multibillion-euro IT contract
ABN Amro has extended its multibillion-euro outsourcing deal with IBM by another 10 years
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December 01, 2014
01
Dec'14
Barclays bank launches mobile video banking
Barclays Bank has launched a 24-hour video banking service that will enable customers to receive face-to-face service from anywhere
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November 24, 2014
24
Nov'14
Goldman Sachs invests in analytics startup
Investment bank Goldman Sachs has invested in a financial analytics startup as part of a $15m funding round
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November 24, 2014
24
Nov'14
Finance regulators overlook offshoring in RBS IT failure statements
UK financial services regulators made no mention of the role of offshored IT in the problems that led to the ₤56m fine for RBS
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November 21, 2014
21
Nov'14
HSBC launches Paym for business
HSBC launches Paym capabilities to allow business customers to receive payments using mobile phone numbers
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November 20, 2014
20
Nov'14
Former Allied Irish COO to launch iTunes-style bank
Former Allied Irish Bank COO Anne Boden is to create digital bank in 2015, with the aim of changing banking in the same way Apple changed music
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November 20, 2014
20
Nov'14
Regulators fine Royal Bank of Scotland ₤56m for IT failure
Financial industry regulators fine Royal Bank of Scotland (RBS) for an IT outage in 2012 that left customers unable to access their accounts
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November 18, 2014
18
Nov'14
Worldpay processes billionth contactless payment
Supermarkets account for most contactless payments as payments company Worldpay processes its billionth contactless payment
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November 13, 2014
13
Nov'14
UBS move to Oracle HR in the cloud hits big delays
Swiss bank UBS has hit major delays migrating to a cloud-based HR system
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November 05, 2014
05
Nov'14
CIO interview: Glenn Murphy, London & Capital
Asset-management firm London & Capital shifts its focus to systems that add business value, says CIO Glenn Murphy
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November 04, 2014
04
Nov'14
Government asks for more information on digital currencies
The government has released a Call for Information to invite views on the benefits and risks of digital currencies
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October 29, 2014
29
Oct'14
Banks see technology firms as biggest threat, says Infosys
Google, Apple and Facebook the biggest threat to banks as technology firms offer consumers financial services
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October 28, 2014
28
Oct'14
Lloyds Banking Group confirms 9,000 job cuts and digital investment
Lloyds Banking Group has confirmed it will cut 9000 jobs and close around 150 branches to focus more on its digital strategy
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October 23, 2014
23
Oct'14
Finance IT group wants to push forward banks' cloud discussion
The Banking Industry Architecture Network (Bian) calls on industry to decide on the core banking systems to move to cloud platforms and share
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October 22, 2014
22
Oct'14
Firms lack technology for workforce of the future
European businesses will rely increasingly on freelance, geographically dispersed employees as they vie to attract the top skills to their organisations over the next 5 years.
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October 22, 2014
22
Oct'14
EMC buys out Cisco’s stakes in VCE as year-on-year revenue jumps 9%
Storage giant EMC has reported a 9% increase year on year for the third quarter of 2014, thanks to revenue rises across its divisions
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October 08, 2014
08
Oct'14
Malware being used to steal cash from ATMs
Criminals are using malware to steal cash from ATMs without debit and credit cards
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October 06, 2014
06
Oct'14
Barclays concludes first round of fintech accelerator
Barclays has finished the first round of its financial services technology (fintech) startup accelerator, following a demo day
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October 02, 2014
02
Oct'14
DDN launches scale-out NAS GS7K GPFS product bundle
DataDirect Networks launches the GS7K, a pre-configured GPFS scale-out NAS/parallel file system storage product
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September 26, 2014
26
Sep'14
Visa loses mobility director to Apple
Mary Carol Harris, former director of mobile for Visa Europe, has left the firm to take up a position at Apple
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September 24, 2014
24
Sep'14
Lloyds creates online appointment booking in attempt to save branches
Lloyds Bank has introduced a system which allows customers to book in-branch appointments online
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September 23, 2014
23
Sep'14
UKtech50 2014 - help us choose the 50 most influential people in UK IT
Computer Weekly is launching the fifth annual UKtech50, our definitive list of the movers and shakers in UK IT - tell us your nominations
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September 18, 2014
18
Sep'14
Customer loyalty biggest challenge for banks
Banks have cited customer loyalty as their main concern, according to a survey by financial services firm Temenos
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September 08, 2014
08
Sep'14
Ransomware on the rise, warns cyber threat report
The first half of 2014 saw an increase in online attacks that lock up user data and hold it for ransom, reports F-Secure Labs
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September 05, 2014
05
Sep'14
Barclays bank launches biometric authentication
Barclays bank plans to launch biometric readers that read users' finger veins to authenticate customers
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September 02, 2014
02
Sep'14
Locking Russia out of Swift "unlikely and complicated", says analyst
A senior analyst at Celent has said cutting off Russia from Swift is unlikely to be effective
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September 01, 2014
01
Sep'14
UK wants Russia blocked from using financial messaging system
The UK is pushing for a ban on Russian businesses using the Society for Worldwide Interbank Financial Telecommunication (Swift) network as a sanction in reaction Russia’s role in the current crisis in Ukraine.
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August 28, 2014
28
Aug'14
Former bank chief launches financial trading app
A trading social network on Apple’s App Store hopes to attract more than 100,000 consumer traders as members by the end of 2014