News

IT for financial services

• 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

• 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

• 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

• 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

• 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

• 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

• 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?

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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.

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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.

• 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

• August 28, 2014 28 Aug'14

  Spanish bank spends €500m on contactless ATMs

  CaixaBank has commissioned Fujitsu to build 8,500 ATMs that will be contactless

• August 19, 2014 19 Aug'14

  Banks slow to change despite growing competition

  The banking sector faces major challenges in transforming IT to meet the digital needs of customers

• August 04, 2014 04 Aug'14

  Contactless payments continue to rise

  Contactless transactions have increased by 189% since May 2013, according to Visa Europe.

• August 01, 2014 01 Aug'14

  Fingerprint scanners most popular alternative to banking passwords

  Fingerprint scanning technology is the most favoured biometric security alternative to passwords for UK bank customers

• July 25, 2014 25 Jul'14

  Bank of America: When software relationships turn sour

  Tibco has filed a lawsuit alleging the Merrill Lynch division of Bank of America illegally used $300m of its software for a major IT project

• July 17, 2014 17 Jul'14

  System for seven-day bank account switching underused

  The IT system that underpins government’s regulation of seven-day bank account switching is being underused

• July 16, 2014 16 Jul'14

  Total internet failure: are you prepared?

  A total internet failure could stop any business in its tracks, yet few are preparing for this possibility, KPMG has warned

• July 14, 2014 14 Jul'14

  Info sharing key to cyber defence, says financial services firm

  Threat information sharing is key to success in combating cyber attacks, says the Depository Trust and Clearing Corporation

• July 10, 2014 10 Jul'14

  UK leads international partnership to fight financial malware

  The UK National Crime Agency is leading international collaboration between law enforcement and the private sector to fight bank theft malware

• July 10, 2014 10 Jul'14

  Finance watchdog to investigate colocation services

  The Financial Conduct Authority (FCA) is investigating colocation services