News
IT for financial services
-
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
-
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