News

IT for financial services

• November 01, 2016 01 Nov'16

  Insurers face same legacy system battle as retail banks

  The biggest barrier to insurance companies adopting digital technology is their heavy reliance on legacy IT systems

• October 31, 2016 31 Oct'16

  Black cab customers can now pay by card as well as cash

  London Mayor’s Taxi and Private Hire Action Plan sees card technology introduced to all black cabs in the capital

• October 28, 2016 28 Oct'16

  SDN trailblazer Big Switch Networks launches in UK

  Having established a base of paying customers through a key partnership with Dell, SDN supplier Big Switch Networks is opening its first European offices and gunning for Cisco’s ACI business

• October 25, 2016 25 Oct'16

  Insurers are joining fintech party

  Insurers are held back from digital transformation by legacy systems, but insurance-focused IT startups offer them hope

• October 24, 2016 24 Oct'16

  UAE telco launches mobile wallet

  Etisalat signs deal with technology company to offer its customers a mobile wallet service, as fintech expands in the Middle East

• October 20, 2016 20 Oct'16

  Lessons to be learned from attempted $1bn bank heist

  Analysis of an attack aimed at stealing $1bn reveals important lessons for cyber defenders, says BAE Systems head of threat intelligence Adrian Nish

• October 18, 2016 18 Oct'16

  Abu Dhabi Securities Exchange uses blockchain for e-voting

  Abu Dhabi Securities Exchange offers controlled access to the AGM information of listed companies through a blockchain-based service

• October 14, 2016 14 Oct'16

  Nordea bank joins rival’s mobile payment platform

  Nordea signs up to the mobile payments platform from Danske bank for its customers in Denmark and Norway

• October 13, 2016 13 Oct'16

  Lloyds Bank to use virtual reality to test applicants for graduate programme

  Bank will use virtual reality to test potential recruits in situations that are otherwise difficult to recreate

• October 10, 2016 10 Oct'16

  More virtualisation to come in mature Australian market

  Australia has been hailed as a rapidly growing market for mobile virtualisation

• October 06, 2016 06 Oct'16

  Swedish bank uses Amelia the robot for customer services

  SEB is using AI software from IPsoft for customer service after a successful internal project

• October 04, 2016 04 Oct'16

  Demand rises for low-cost flash storage across Australia

  Flash storage gains popularity in Australia, as smaller organisations are attracted by lower prices and higher capacity

• September 28, 2016 28 Sep'16

  Mastercard woos software developers with API platform

  Credit card company Mastercard is investing heavily in digital payments and wants to engage with developers and startups

• September 26, 2016 26 Sep'16

  Emirates Islamic bank and the Muslim finance revolution

  The CIO at Dubai-based bank Emirates Islamic tells Computer Weekly how IT is supporting the company through industry change

• September 19, 2016 19 Sep'16

  Consumers trust banks more than government for biometric security

  UK citizens think banks are the best organisations to provide biometric authentication for payments

• September 13, 2016 13 Sep'16

  Banks and fintech firms respect each other, says HSBC boss

  The relationship between banks and fintech companies has sweetened over the past five years with mutual respect evident, says HSBC boss

• September 13, 2016 13 Sep'16

  DNB and Nordea to merge IT operations for Baltic super bank

  Two of the Nordic region’s banks will use joint operations, including IT, to help them grow in the Baltic area

• 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