News

IT for financial services

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
July 09, 2014 09 Jul'14
Why using voice biometrics is a good idea

Banks and other organisations are turning to voice biometrics, but why do they believe the technology is good idea?
July 07, 2014 07 Jul'14
Smart light bulbs get security update

Smart light bulb maker LIFX has issued a firmware update after security researchers exposed a security weakness
July 04, 2014 04 Jul'14
Barclays passes government’s ‘internet-born threat’ test

Barclays Bank has been awarded the government’s cyber security certificate for digital banking services after independent tests of services such as Pingit
July 04, 2014 04 Jul'14
Security Think Tank: The dos and don’ts of a good incident response plan

What does a good information security incident response plan look like?
July 03, 2014 03 Jul'14
Facebook apologises over psychological experiments

Facebook has apologised over the controversial psychological experiments carried out on 689,000 users without their consent in 2012
July 01, 2014 01 Jul'14
Industrial control systems increasingly under attack, says Kaspersky

Targeted attacks on industrial control systems take place on a regular and increasing basis, says Kaspersky Lab
June 30, 2014 30 Jun'14
Facebook under fire over secret experiment on users

Facebook has come under fire for conducting a psychology experiment on 689,000 users without their consent
June 27, 2014 27 Jun'14
Wearable tech must comply with privacy laws, warns ICO

Wearable technology must comply with UK data privacy laws, warns the ICO
June 27, 2014 27 Jun'14
Google begins complying with European takedown requests

Google has begun removing search results in response to takedown requests from European citizens
June 17, 2014 17 Jun'14
IFDS integrates UK and India service centres

International Financial Data Services has implemented software to balance workloads across UK and Indian delivery centres
June 17, 2014 17 Jun'14
Domino’s breach underlines value of personal data, say experts

The latest cyber breach to hit a high-profile brand underlines the high value of personal data, say security experts
June 16, 2014 16 Jun'14
Technology key to secure document future, says UK Home Office

Physical security is just as important as digital security in documents such as passports, says UK Home Office
June 16, 2014 16 Jun'14
Microsoft admits running out of IP addresses for Azure

Microsoft has assured US Azure customers data remains in the US, despite running out of US-registered IP addresses at times
June 12, 2014 12 Jun'14
HSBC makes executives responsible for application consolidation

In the next few weeks, senior executives at HSBC globally will have KPIs to reduce the number of applications they run
June 11, 2014 11 Jun'14
Tesco Bank launches current account on off-the-shelf platform

Tesco has launched a current account four years after implementing its core banking platform
June 11, 2014 11 Jun'14
EE drives mobile phone deals with CRM software implementation

Mobile phone operator Everything Everywhere claims a 400% increase in phone deals after rolling out customer relationship management software
June 09, 2014 09 Jun'14
Turing Test 2014 marks historic milestone in artificial intelligence

A computer program has made history by passing the artificial intelligence test set by computer science pioneer Alan Turing
June 06, 2014 06 Jun'14
Microsoft retaliates to China’s Windows 8 spying claims

Microsoft has launched a social media campaign against China’s claims that Windows 8 is being used for US spying
June 05, 2014 05 Jun'14
CIOs should 'leave innovation to marketing'

CIOs should focus on managing the technical infrastructure and leave innovation to other parts of the business – conclusion of a major study.
June 02, 2014 02 Jun'14
Cyber threats hiding in plain sight, says Palo Alto Networks

Cyber attackers exploit commonly used business applications to bypass security controls, research shows
May 30, 2014 30 May'14
UK shoe retailer Office hit by data breach

Data breach at UK shoe retailer Office prompts calls for online firms to beef up security around customer details
May 30, 2014 30 May'14
IT supplier insolvencies fall for first time as economy recovers

Technology companies have reached a turning point as insolvencies fall for the first time in 2014
May 30, 2014 30 May'14
Google launches right-to-be-forgotten application form

Google has introduced an online application form for Europeans who want personal data to be removed from online search results
May 28, 2014 28 May'14
CIO interview: Ian Cohen, CIO, Jardine Lloyd Thompson

Running a programme to transform the business is the wrong way to go about change, according to Ian Cohen, CIO at insurance broker JLT
May 27, 2014 27 May'14
Android Outlook app has privacy issues, warn researchers

Microsoft’s Outlook.com app for Android is exposing users' data, warn security researchers
May 23, 2014 23 May'14
eBay under fire over handling of data breach

eBay is coming under increasing criticism over its handling of the data breach that exposed millions of user records
May 22, 2014 22 May'14
Case study: Bank of America and Nationwide use in-branch telepresence

Bank of America and Nationwide implement video conferencing technology to enable customers to speak to banking specialists
May 21, 2014 21 May'14
Tablet banking to quickly overtake mobile banking

The number of people in Europe banking on tablets will grow at twice the rate of those on mobile phones, with security concerns not a major driver
May 20, 2014 20 May'14
US cyber criminal jailed for 20 years

US authorities have jailed a cyber criminal for 20 years, for trading in stolen credit cards and identities
May 16, 2014 16 May'14
Internet of things security is relevant to business, says researcher

Internet of things is relevant to enterprise information security professionals, says researcher