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