News

IT for financial services

• August 04, 2015 04 Aug'15

  Outsourcing hits record levels in Europe

  Outsourcing activity in Europe recovers after a lull in the lead up to the UK general election, with more contracts than ever before

• July 24, 2015 24 Jul'15

  Contactless card fraud highlights need for 2FA

  A Which? report on contactless card fraud highlights the need for multi-factor authentication for payments, say security experts

• July 21, 2015 21 Jul'15

  Information security governance maturing, says Gartner

  Increasing awareness of the impact of digital business risks, coupled with high levels of publicity regarding cyber security incidents, is making IT risk a board-level issue, says Gartner

• July 21, 2015 21 Jul'15

  Mainframe fails to save IBM from 13th declining quarter

  IBM's second-quarter revenue was down 13% year-on-year to $20.8bn, but IBM said the decline is only 1%, adjusting for the sale of its x86 server business and the impact of the strong dollar

• July 15, 2015 15 Jul'15

  The obstacles to software-as-a-service adoption in banking

  Security tops the reasons why banks don't use software as a service for banking-specific applications

• July 14, 2015 14 Jul'15

  Banker’s startup experience feathers the nest for Starling Bank

  Starling Bank founder Anne Boden relates how her time with startups outside traditional banking convinced her to build a digital bank from scratch

• July 14, 2015 14 Jul'15

  Symantec bets on simplicity, cloud and mobile

  Symantec is not trying to be all things to all people, but is instead focusing on threats and protecting information in the mobile and cloud environments

• July 08, 2015 08 Jul'15

  Symantec uncovers Morpho cyber espionage operation

  A cyber espionage group has targeted high-profile technology, internet, commodities and pharmaceutical companies in the US, Europe and Canada, reports Symantec

• July 08, 2015 08 Jul'15

  MtGox chief Mark Karpeles arrested for fraud

  Former chief Mark Karpeles is under arrest on suspicion of $1m fraud and involvement in the disappearance of 650,000 bitcoins

• July 07, 2015 07 Jul'15

  Barclays expands cheque imaging service

  Barclays extends the ability to pay cheques into accounts via a smartphone to more customers

• June 26, 2015 26 Jun'15

  Norway’s DNB was inspired by Danish bank for new app

  DNB in Norway has taken inspiration from Danske Bank in Denmark when creating its latest payment app.

• June 19, 2015 19 Jun'15

  Legacy systems holding back 90% of businesses

  Most businesses are being held back from making digital advances by their reliance on legacy applications

• June 18, 2015 18 Jun'15

  The diagram that scares the next generation of banking IT professionals

  The next generation of IT professionals in the banking sector will face the same legacy headache as their predecessors

• June 17, 2015 17 Jun'15

  Royal Bank of Scotland goes back to 1970s values with big data

  RBS, once the world's largest bank, is using analytics technology to go back to the era of personal customer service

• June 17, 2015 17 Jun'15

  DD4B cyber extortion gang ramps up operations

  Cyber criminals using DDoS attacks to extort funds from victims are carrying out more attacks despite a $26,000 bounty

• June 12, 2015 12 Jun'15

  Government preparing to let private sector companies use its Verify identity scheme

  The Cabinet Office is talking to banks, insurers and retailers to establish Gov.uk Verify identity assurance as a national scheme

• June 10, 2015 10 Jun'15

  International police operation arrests cyber fraud gang

  Police in six countries have arrested 49 people suspected of committing financial fraud involving email account intrusions

• June 10, 2015 10 Jun'15

  Nationwide quick off the mark with Apple Watch banking app

  Nationwide claims to be the first high street finance firm to offer an Apple Watch app

• June 05, 2015 05 Jun'15

  Potential Apple Pay security weakness revealed

  Fraudsters could gain access to personal details of Apple Pay users, research reveals

• June 03, 2015 03 Jun'15

  Sourcing must adapt to digital business goals, says Gartner

  Businesses need to change their sourcing strategies if they are to keep pace with the digital revolution, says analyst organisation Gartner

• May 29, 2015 29 May'15

  Top six enterprise IT priorities in the Nordics

  The future of enterprise IT looks bright in the Nordic region, with growing focus on datacentre investments, national cloud and automatisation

• May 27, 2015 27 May'15

  Social engineering attacks more complex than ever, says expert

  Expert warns attackers are starting to use increasingly sophisticated ways to get people in organisations to help them circumvent security controls

• May 19, 2015 19 May'15

  St Louis Federal Reserve Bank not target of DNS hack, say experts

  The hacking of a domain name server (DNS) for the Federal Reserve Bank of St Louis is more likely to be aimed at customers than the bank itself, say security experts

• May 18, 2015 18 May'15

  Barclays adds extra security through domain name switch

  Barclays Bank and Barclaycard are moving away from using .com and .co.uk domain names in a move that will add extra security for customers

• May 12, 2015 12 May'15

  Global banking IT group completes standardised IT architecture

  The Banking Industry Architecture Network (Bian) has announced its standardised global IT architecture for banks

• May 11, 2015 11 May'15

  Santander launches 'Boris bike' app

  Santander has released an app that allows people to book a 'Boris bike' via their mobile phone

• May 11, 2015 11 May'15

  Wearable technology to transform laggards in insurance industry

  Wearable and other smart technologies set to transform the insurance industry in the next three to five years

• May 08, 2015 08 May'15

  Use of Halifax mobile banking app doubles

  Halifax customers logged into their bank accounts 40 million times in March 2015, double the amount in the same month in 2014

• May 06, 2015 06 May'15

  EU revamp of payment services draws nearer

  The EU cannot afford to continue with costly payment services if it wants to be globally competitive, says MEP

• April 29, 2015 29 Apr'15

  Time to embrace a new level of IAM, says Martin Kuppinger

  A new level of identity and access management is at hand, yet many businesses still rely on usernames and passwords

• April 29, 2015 29 Apr'15

  Nordea Bank announces digital hire and Apple Watch app

  Nordea Bank hires expertise to strengthen its digital banking team and promotes its digital ambitions with an app for the Apple Watch

• April 27, 2015 27 Apr'15

  Captive IT centre boosts competitiveness at Danske Bank in Denmark

  In 2014, Denmark's Danske Bank announced plans for its own captive centre in Bangalore and is now finalising the move to in-house IT delivery

• April 24, 2015 24 Apr'15

  Poor customer engagement at banks opens door to competitors

  Customer experience levels at banks have failed to improve for the second year in a row and customers are more likely than ever to leave their bank

• April 24, 2015 24 Apr'15

  Changing IT trends power banking in Norway

  Norway's banking system is undergoing a seismic shift in technology as the country aims for a fully digitised society

• April 23, 2015 23 Apr'15

  Mobile malware overhyped, says security company Damballa

  Mobile internet users are 1.3 times more likely to get struck by lightning than infected by mobile malware, research by security firm Damballa finds

• April 22, 2015 22 Apr'15

  Zurich Insurance turns to augmented reality to train 10,000 managers

  The £74bn turnover company aims to harness the capabilities of augmented reality to train 10,000 employees in 170 countries

• April 22, 2015 22 Apr'15

  HSBC website mistake guides customers to porn

  HSBC’s Hong Kong website accidentally featured an out-of-date link that directed people to a porn site

• April 22, 2015 22 Apr'15

  Nationwide extends video link service to 100 more branches

  Nationwide Building Society has expanded the use of video conferencing equipment for customer consultations

• April 21, 2015 21 Apr'15

  SAP core banking platform will ease Deutsche Bank split following strategic retail review

  Deutsche Bank plans a major IT project as strategic review advises spinning off its retail operations – but its SAP platform will ease the split

• April 15, 2015 15 Apr'15

  NCR promises 40% annual savings with thin-client cash machines

  NCR has developed smart thin client cash machines to replacing ageing Windows XP-based ATMs

• April 15, 2015 15 Apr'15

  Liberal Democrats promise to double innovation spend and 99.9% broadband roll-out

  The Liberal Democrats’ general election manifesto promises to double innovation spending and roll out high-speed broadband to 99.9% of homes

• April 15, 2015 15 Apr'15

  Banks hide cyber crime losses, says City of London Police

  Banks obscure the amount of money lost to cyber fraudsters – preferring to write off cyber theft as operating losses – says the City of London Police

• April 14, 2015 14 Apr'15

  Security risk potential linked to young, mobile users

  A study conducted by wireless supplier Aruba Networks has identified a distinct cohort of high-risk, security-agnostic workers

• April 14, 2015 14 Apr'15

  Lintel bank steers clear of traditional bank IT development

  Lintel Bank applies for a UK banking licence and plans to join a growing number of new banks taking on the high street incumbents

• April 08, 2015 08 Apr'15

  Juniper Networks goes after finance market with switch-integrated compute

  Juniper launches a compact compute-integrated network switch to boost performance of sensitive applications for financial institutions

• April 01, 2015 01 Apr'15

  'Bored' RBS investment chairman Rory Cullinan resigns after daughter's Snapchat message goes public

  Royal Bank of Scotland’s investment bank chairman Rory Cullinan leaves after a Snapchat message to his daughter appeared in Instagram

• March 31, 2015 31 Mar'15

  Vodafone adds banking capability to mobile wallet

  Mobile operator Vodafone is enabling its customers to add banking functionality to their Vodafone Wallets

• March 31, 2015 31 Mar'15

  IT is more important than marketing for banks

  IT spending will grow at the expense of other areas such as marketing as optimism in financial services increases

• March 31, 2015 31 Mar'15

  DDoS losses potentially £100k an hour, survey shows

  DDoS attacks could expose 40% of businesses to losses of £100,000 or more an hour at peak times, a survey shows

• March 26, 2015 26 Mar'15

  UK attacks on crypto keys and digital certificates endemic

  All UK security professionals polled in a global survey have responded to attacks on keys and certificates in past two years