IT for financial services
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News
02 Oct 2024
‘Shocked’ MoneyGram hits back at Post Office
Money transfer fintech wrote to subpostmasters expressing its disappointment with the Post Office over end of contract Continue Reading
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E-Zine
01 Oct 2024
AI advances in cancer care
In this week’s Computer Weekly, medtech startups are showing how AI can offer dramatic advances in cancer care – we talk to one such firm to find out more. Every CIO is used to delivering rapid response times for users, but not many target latency of eight nanoseconds – we find out how it’s done. And we examine the latest trends on datacentre cooling in the light of advances in energy efficiency. Read the issue now. Continue Reading
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News
06 Dec 2021
European finance firms increase open banking spend
Financial services firms are increasing investment in open banking capabilities, with improvements to payment initiation and onboarding capabilities expected Continue Reading
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News
06 Dec 2021
Consumers say supermarkets among best at social engagement
Many types of business have improved their online interactions with consumers as a result of the pandemic, with consumers claiming supermarkets are among the most engaging Continue Reading
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News
03 Dec 2021
Virgin Money adapts offices to fit flexible and collaborative working
Virgin Money is repurposing its offices to fit a future where staff will work from home and visit offices to collaborate Continue Reading
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News
03 Dec 2021
Bank of Ireland fined €24.5m for business continuity failures
Bank of Ireland hit with multi-million euro fine by central bank following an investigation Continue Reading
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News
02 Dec 2021
Millions of credit card details for sale on dark web for as little as 75p
The credit card details of millions of people from across the world can be bought by criminals using the dark web for as little as $1 Continue Reading
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Opinion
02 Dec 2021
Security Think Tank: Think people, processes and systems
Security learning is a career-long process, so as 2021 draws to a close, participants in the Computer Weekly Security Think Tank sum up the most important cyber lessons they’ve taken away from the past 12 months Continue Reading
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Opinion
01 Dec 2021
A ‘whole of society’ approach to cyber may be on the horizon
Nominet Cyber managing director David Carroll reflects on the NCSC’s latest annual review amid 2021’s fast-evolving threat landscape Continue Reading
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News
01 Dec 2021
Cloud-based Redwood becomes latest challenger bank to make a profit
Cloud-based business bank becomes the latest of the new wave of challengers to achieve profit Continue Reading
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Feature
01 Dec 2021
Swedish researchers are patiently developing a useful quantum computer
By 2028, the Wallenberg Centre for Quantum Technology in Sweden expects to have a useful quantum computer Continue Reading
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News
30 Nov 2021
UK bank branch cull continues as TSB condemns 70 more
TSB’s branch closure programme gathers pace as dozens more high street premises are shuttered Continue Reading
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News
30 Nov 2021
HP patches bugs in over 150 printer models
More than 150 HP multifunction printers are at risk of compromise through a series of newly disclosed vulnerabilities, one of them wormable Continue Reading
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News
29 Nov 2021
Second Mizuho executive quits after IT problems
IT failures have forced the CEO of Japanese financial services group to step down Continue Reading
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News
29 Nov 2021
Three latest trends and developments around the Mitre ATT&CK framework
Framework is set to receive important updates to help organisations and businesses evolve their cyber security. Learn more about what it offers Continue Reading
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News
25 Nov 2021
UK consumers warned of increase in credit card application fraud
There has been a sharp rise in fraudsters using stolen personal details to open credit card accounts Continue Reading
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News
24 Nov 2021
Societe Generale accelerates data and artificial intelligence strategy
French investment banking giant increases its focus on data and artificial intelligence as digital transformation matures Continue Reading
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Opinion
23 Nov 2021
Men’s Mental Health Month: How fintech can reduce anxiety around debt
Umer Suleman of ethical investment firm Wahed explains how financial technology can reduce anxieties associated with debt Continue Reading
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News
23 Nov 2021
Four-day week introduced for staff at digital bank
UK’s Atom Bank brings in four-day working week for employees with no salary reduction Continue Reading
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News
22 Nov 2021
Upcoming holidays prompt ransomware warning from authorities
Ransomware gangs know how calendars work, and may target their attacks around major holidays to take advantage of more people being off work, according to a new alert Continue Reading
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News
18 Nov 2021
How Axa drives digitisation forward
Digital transformation is not a one-shot project – it’s a continuous and evolving process that requires a mindset change in IT management Continue Reading
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News
18 Nov 2021
Government to legislate to make APP fraud reimbursement mandatory
UK payments regulator wants to reduce the huge sums of money lost to authorised push payment fraud and is calling on the banking and tech industries to play their part Continue Reading
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News
17 Nov 2021
Amazon to stop accepting Visa credit cards in UK due to high fees
Online retail giant Amazon will stop accepting UK Visa credit card payments from January next year Continue Reading
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News
16 Nov 2021
Blueprint for future high street shows tech’s role in creating thriving communities
Technology will play an important role in creating thriving communities after Covid-19 lockdowns renew interest in local high streets Continue Reading
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News
16 Nov 2021
Can UAE become a world leader in AI?
The UAE has launched multiple programmes as it bids to be a world-leading location for artificial intelligence innovation Continue Reading
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News
15 Nov 2021
UK government proposes new rules for digital supply chain security
Proposals could see IT service providers legally required to adhere to the NCSC’s Cyber Assessment Framework, among other things Continue Reading
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News
15 Nov 2021
CaixaBank system normal after migration of millions of customer accounts
Spain’s CaixaBank has successfully completed the migration of millions of Bankia customers to its systems Continue Reading
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News
12 Nov 2021
Cost reduction is still the biggest driver of banks’ cloud adoption
More than 80% of banks now have a clear cloud strategy following a injection of urgency during the Covid-19 pandemic Continue Reading
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News
12 Nov 2021
CaixaBank to complete IT integration of Bankia in two days
Spanish bank embarks on a massive migration of customer accounts following merger Continue Reading
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News
11 Nov 2021
Finance ombudsman overturns more than three-quarters of bank decisions on APP fraud
The financial services ombudsman is siding with customers in over 75% of complaints against banks that refuse to repay losses to authorised push payment fraud Continue Reading
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News
11 Nov 2021
Bank of England loses 161 computing devices in three years
Bank cannot account for phones, laptops and tablets that have gone missing over the past three years Continue Reading
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News
11 Nov 2021
Financial Conduct Authority chooses Aiimi for improved information discovery
The Financial Conduct Authority has awarded a three-year contract to UK enterprise search firm Aiimi to enable the regulator’s staff to find documents more easily and collaborate better Continue Reading
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News
10 Nov 2021
Traditional banks could get revenue boost if they copy digital challengers
Traditional banks could see huge sales increases if they adopted the business models of their digital challengers Continue Reading
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Feature
10 Nov 2021
Digital surveillance of remote workers may increase enterprise risk
From productivity tools to security threats, we explore how digital surveillance is forcing remote workers towards shadow IT Continue Reading
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Feature
10 Nov 2021
How to manage endpoint security in a hybrid work environment
The future of the workplace is clearly hybrid, but this has untold implications around endpoint security. How can businesses overcome these? Continue Reading
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News
09 Nov 2021
Standard Chartered picks Starling Bank tech for product launch
Standard Chartered able to quickly launch new product through fintech platform Continue Reading
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News
09 Nov 2021
Blockchain technology will help banks will cut cross-border payment costs by $10bn in 2030
The use of blockchain technology in cross-border payments will save global banks $10bn in 2030, according to research Continue Reading
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News
09 Nov 2021
Singapore ups ante in AI with sectoral programmes
Singapore launches two national AI programmes to bolster adoption of AI by financial institutions and the public sector Continue Reading
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News
08 Nov 2021
CME Group signs 10-year cloud and product innovation deal with Google
CME Group, one of the world’s largest financial derivatives exchange operators, has signed a multi-year infrastructure migration deal with Google Cloud Continue Reading
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News
07 Nov 2021
Technology spending reaches record levels, fuelling jobs boom
Spending on IT has reached its highest levels for a decade but a shortage of skilled IT professionals could dampen growth Continue Reading
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News
05 Nov 2021
Inside Krungsri Bank’s open API journey
Thailand’s Krungsri Bank has been harnessing open application programming interfaces to enable its partners to build new services in a strategy that has won over customers from rival banks Continue Reading
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News
04 Nov 2021
Women grossly underrepresented in global fintech
Women are CEOs at less than 6% of global financial technology firms and even fewer hold top tech jobs Continue Reading
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Opinion
03 Nov 2021
Security Think Tank: SASE – marketing buzz or the future of security?
SASE architectures promise to prevent multiple types of cyber attacks, but deciding whether SASE is right for your organisation will require understanding whether SASE is a fit for your use cases in IT Continue Reading
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News
03 Nov 2021
Quarter of people don’t plan to visit a bank branch again
A quarter of people have no intention of visiting a bank branch again after experiencing the benefits of digital banking when branches were closed during Covid-19 lockdowns Continue Reading
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News
02 Nov 2021
HSBC standardises on DevOps platform
HSBC to standardise and automate software development through CloudBees platform Continue Reading
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News
01 Nov 2021
Payments through open banking could end card dominance
Payments made through open banking will eat into those made using cards as the next five years sees an acceleration in adoption Continue Reading
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News
27 Oct 2021
TechUK slams government gift to big banks that will disadvantage fintechs
The government will put challenger banks at a disadvantage through its reduction in the bank profit surcharge, says TechUK Continue Reading
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News
27 Oct 2021
TSB opens 100-seat tech centre in Scottish capital
TSB has opened its latest tech centre in Scotland while IT services provider CGI announces the creation of hundreds of UK tech jobs Continue Reading
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Feature
26 Oct 2021
Retail tech community reacts to BNPL regulatory proposals
Regulation is coming to the buy now, pay later market, but what does it mean for a retail tech community increasingly embracing these solutions? Continue Reading
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News
26 Oct 2021
Thought Machine: Google-inspired banking fintech to unicorn and beyond
UK fintech unicorn Thought Machine is transforming the IT of large traditional banks, while working with fledgling digital-only challengers Continue Reading
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News
21 Oct 2021
German regulator imposes limit on number of new customers digital bank can sign each month
BaFin limits the number of new customers that digital bank N26 can enrol until it is reassured on issues it has raised about the company Continue Reading
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News
20 Oct 2021
Lloyds Bank closes more branches as customers migrate to digital channels
Banking group has announced more closures as part of the ongoing reduction of its branch network Continue Reading
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Blog Post
20 Oct 2021
Forget the 'free' software, the real value of open-source is the collaboration
It’s a cliché, but why are we still reinventing wheels? It is increasingly clear that the real value and opportunity in open-source isn’t so much the actual software itself, but the collaborative ... Continue Reading
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News
20 Oct 2021
Oracle NetSuite embeds HSBC corporate banking services into ERP
Oracle Netsuite integrates HSBC corporate banking services into its latest software Continue Reading
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News
20 Oct 2021
American Express announces global hybrid working model
US credit card giant is latest corporate to formalise hybrid working following the success of informal policies introduced during the Covid-19 pandemic Continue Reading
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News
19 Oct 2021
Zopa becomes unicorn with latest funds to go to bank operation
Zopa will invest in its growing digital bank operation after becoming a unicorn in its latest fund-raising round Continue Reading
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News
15 Oct 2021
Global IT outsourcing sees record spending and no sign of slowing
Cloud services are being taken up by enterprises rapidly as they accelerate digital transformations Continue Reading
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News
14 Oct 2021
Darlington Building Society invests in platform for digital transformation
Building society is looking to satisfy existing customers and attract new ones by meeting their digital service-level expectations Continue Reading
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News
14 Oct 2021
FCSA clarifies anti-tax avoidance stance of offshore Charter change for umbrella firms
The Freelancer and Contractor Services Association (FCSA) has published a revised version of its membership Charter to reinforce its commitment to ensuring its members do not operate offshore tax avoidance schemes Continue Reading
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News
14 Oct 2021
SocGen to cull thousands of jobs and move to single IT platform in merger with subsidiary
French bank’s move to a single banking platform will enable it to cater for changing customer demands Continue Reading
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News
12 Oct 2021
Morgan Stanley brings diverse fintech innovation to London
US bank expands its diversity-focused fintech accelerator programme to Europe with an initial £1m investment Continue Reading
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News
12 Oct 2021
Nearly half of finance firms will acquire or partner fintechs in next year
UK financial services firms are preparing to acquire or partner fintechs as they target business growth Continue Reading
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E-Zine
12 Oct 2021
How AI – and puffins – are boosting renewable energy
In this week’s Computer Weekly, we find out how an artificial intelligence system for tracking puffins could help boost renewable energy use. We examine the often-overlooked, but often damaging, diversity issue of age discrimination in tech. And we look at the key considerations when choosing enterprise cloud file services. Read the issue now. Continue Reading
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News
11 Oct 2021
Sensitive documents to stay with whistleblower after deadline for agreement for their return passes
A deadllne to agree the safe return of the sensitive banking details of former and current NatWest Group customers has passed without agreement Continue Reading
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News
08 Oct 2021
NatWest admits to weaknesses in anti-money laundering systems
Bank pleads guilty to failures concerning the laundering of hundreds of millions of pounds, but says it has since improved its anti-money laundering systems Continue Reading
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News
06 Oct 2021
US lawmakers propose ransomware reporting rules
Former presidential candidate Elizabeth Warren lends her support to a bill that would require corporate ransomware victims to disclose more information about their attacks to the authorities Continue Reading
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News
06 Oct 2021
Tech Nation adds 30 fintech scaleups to growth programme as funding continues to rise
UK government-backed startup network adds 30 fintechs to its growth programme amid record investments in finance tech sector Continue Reading
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News
05 Oct 2021
Microsoft’s financial services cloud available next month
Financial finance sector-focused cloud service will be available at the beginning of November Continue Reading
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News
04 Oct 2021
Mastercard acquisition of Aiia is a further sign of open banking’s big future
Mastercard’s acquisition of Denmark-based open banking fintech Aiia follows rival’s takeover of Sweden’s Tink Continue Reading
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News
01 Oct 2021
IR35: Giant Group cyber attack prompts renewed calls for statutory regulation of umbrella companies
As details about the fallout from the cyber attack on the Giant Group umbrella company emerge, stakeholders say the incident should prompt the government to expedite regulating contractor payroll processing firms Continue Reading
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News
30 Sep 2021
Digital bank fined by regulator due to weak anti-money laundering controls
German digital bank is fined by financial services regulator for failing in relation to its anti-money laundering practices Continue Reading
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News
30 Sep 2021
Starling Bank takes its banking-as-a-service into European Union
API-based banking-as-a-service offering means customers can access services such as current accounts or debit cards without the need for heavy tech development or regulatory approval Continue Reading
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News
29 Sep 2021
Dedicated number for victims of fraud launched amid national security threat
Consumers that suspect they are being targeted by fraudsters can call 159 to be directly linked to their bank, as part of a 12-month pilot Continue Reading
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News
29 Sep 2021
Women in fintech welcome Barclays initiative and demand more from the sector
Women in UK financial technology have welcomed bank’s new female-focused lab and funding initiative and call for more like it from the sector Continue Reading
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News
29 Sep 2021
JP Morgan Chase digital investment good for UK IT sector, but what’s in it for the bank?
JP Morgan Chase’s digital bank allows it to start from scratch in the UK, with no legacy infrastructure to overhaul Continue Reading
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News
29 Sep 2021
UK consumer trust in banks, retailers and telcos declines as scams increase
Consumers are blaming banks, retailers and social media for the huge increase in online scams, survey shows Continue Reading
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News
28 Sep 2021
Dutch IT firm transforms HR policy built on lessons from pandemic
Software firm rips up human resources rule book and replaces it with a hybrid working policy Continue Reading
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News
27 Sep 2021
Giant Umbrella contractors suffer salary payment delays following suspected ‘data breach’
Following the discovery of “suspicious network activity” in its systems, payroll processing firm Giant Umbrella has taken itself offline, leaving contractors to fume over missing salary payments Continue Reading
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News
24 Sep 2021
IR35 reforms: HMRC confirms compliance checks under way in financial services, oil and gas sectors
Less than six months after the roll-out of the IR35 reforms to the private sector, HMRC has confirmed it has started writing letters to companies requesting details of their compliance procedures Continue Reading
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News
23 Sep 2021
Regulator concerns about resilience and security could slow cloud adoption in financial services
Report by Association for Financial Markets In Europe highlights the pressure financial services firms face as they seek to balance the need for innovation with regulatory requirements Continue Reading
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News
23 Sep 2021
Fresh alert over Conti ransomware surge
Conti ransomware crew appears increasingly active, prompting fresh warnings from the US authorities Continue Reading
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News
23 Sep 2021
Authorised push payment fraud sees huge increase as criminals switch tactics
Criminals tricking people into making payments through channels such as fake emails and websites have stolen more money than payment card fraudsters Continue Reading
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News
22 Sep 2021
JP Morgan Chase to replace core banking system with Google-inspired cloud platform
JP Morgan Chase is the latest bank to acquire the cloud-native core banking technology of UK fintech Thought Machine Continue Reading
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News
22 Sep 2021
Mastercard invests in digital competence training for five million very small businesses
Mastercard is working with suppliers to embed training for small businesses onto their digital platforms Continue Reading
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News
21 Sep 2021
US sanctions Suex crypto exchange over ransomware links
US Treasury cracks down on cryptocurrency exchange that supposedly facilitated proceeds from multiple ransomware gangs Continue Reading
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News
21 Sep 2021
Open banking objectives a decade away for over a third of UK finance firms
The completion of complex open banking initiatives could still be over a decade away for many companies in the finance sector Continue Reading
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News
21 Sep 2021
BlackMatter gang ramps up attacks on multiple victims
A wave of new BlackMatter ransomware attacks is hitting organisations around the world, even as the US authorities mull new sanctions on ransom payment infrastructure Continue Reading
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News
21 Sep 2021
DBS eyes AI and blockchain talent
Singapore-based bank DBS is looking to hire 150 developers and engineers skilled in artificial intelligence (AI) and blockchain through its hackathon programme Continue Reading
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News
19 Sep 2021
UK tech sector on track for another record year of investment
The UK creates one unicorn tech business a week, as startup funding during the first half of 2021 rockets to £13.5bn Continue Reading
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News
17 Sep 2021
JP Morgan launch of UK digital bank expected next week
JP Morgan will launch its UK digital retain bank next week, and continental Europe will be next if it’s a success Continue Reading
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News
16 Sep 2021
Bitdefender launches free REvil ransomware decryptor
Working alongside law enforcement partners, Bitdefender has developed and released a tool to help REvil victims recover their data for free Continue Reading
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Video
16 Sep 2021
Inside nib’s digital transformation journey
In this video interview with Computer Weekly, Brendan Mills, CIO of nib, talks about the insurance company’s digital transformation strategy Continue Reading
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News
15 Sep 2021
Tech Nation announces second cohort for Net Zero accelerator
The Net Zero programme from Tech Nation aims to help tech startups and scaleups realise their potential to reduce global emissions Continue Reading
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News
15 Sep 2021
Nordic central banks drive fintech and digital currency
Banks are working together through a cross-border financial technology development hub Continue Reading
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News
14 Sep 2021
UK government takes equity shares in more than 150 startups
Covid-support loans given to startups through the UK government’s Future Fund have given it stakes in more than 150 high-growth enterprises Continue Reading
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News
14 Sep 2021
Cost of ransomware attack in financial sector exceeds $2m
Mid-sized financial services organisations worldwide spend an average of over $2m recovering from ransomware attacks Continue Reading
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13 Sep 2021
How high can the contactless card limit go without two-factor authentication?
The spending limit for contactless cards has reached an eyebrow-raising triple-digit figure – £100 – raising questions about the need for user authentication Continue Reading
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News
09 Sep 2021
UK GDPR faces changes under planned reforms
DCMS is launching a major consultation on proposed changes to the UK’s data protection regime, under which several key elements of the GDPR are likely to change Continue Reading
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News
08 Sep 2021
Stolen credit card data worth about £13 on dark web, PayPal worth more
The average price of a stolen credit card on a dark web marketplace comes in at around $17.40, or £12.60, according to new data – but the real money for cyber criminals is in hacked PayPal accounts Continue Reading
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News
07 Sep 2021
Banking anti-fraud scheme blocks 65% more fraud
Scheme designed to protect vulnerable people against banking fraud has been expanded to include online scams Continue Reading
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News
03 Sep 2021
China accused of cyber attacks on Norwegian IT systems
China-based cyber attackers have been blamed for multiple assaults on IT systems in Norway Continue Reading
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News
02 Sep 2021
How high can the contactless card limit go without two-factor authentication?
The spending limit for contactless cards has reached an eyebrow-raising triple-digit figure – £100 – raising questions about the need for user authentication Continue Reading