IT for financial services
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News
11 Jul 2024
Dutch research firm TNO pictures the SOC of the future
In only a few years, security operations centres will have a different design and layout, and far fewer will remain Continue Reading
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News
11 Jun 2024
Cobol knowledge crisis threatens Dutch financial systems
Expertise in complex Cobol systems, critical to major financial institutions, is dwindling in The Netherlands, resulting in retired professionals returning work Continue Reading
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News
30 Apr 2020
Mobile banking customers at risk from new EventBot trojan
Customers of Barclays, HSBC, Santander and many other banks should be alert to a dangerous new trojan Continue Reading
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News
29 Apr 2020
Coronavirus: Cash use plummets during UK lockdown
Consumers are switching to digital payment methods amid the current global pandemic crisis Continue Reading
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News
29 Apr 2020
Coronavirus: Call for extension to European payment security standard deadline
Payment processors across Europe want more time to meet the SCA payment security standard Continue Reading
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News
28 Apr 2020
Covid-19 will decimate fintechs, but those that survive will prosper
The coronavirus will wipe out some fintechs, but those that get through it will share in the next growth phase of the industry's development Continue Reading
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News
24 Apr 2020
How likely are IT service providers to offer discounts in an unprecedented global recession?
As the global economy slows, businesses are trying to cut costs, with IT services one of the first stops – but what are the chances of a happy outcome? Continue Reading
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News
23 Apr 2020
Ransomware-stricken Travelex up for sale
Travelex’s parent Finablr is washing its hands of the ransomware-stricken forex provider as it struggles with the twin shocks of the Covid-19 pandemic and a developing fraud scandal Continue Reading
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News
23 Apr 2020
Nasdaq gives customers real-time data through cloud platform
US stock exchange uses public cloud and APIs to provide investment companies with real-time data on trading activity Continue Reading
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News
22 Apr 2020
Coronavirus: Banking and mobile sectors collaborate to stop text scams
Initiative aims to protect 50 genuine brands and government organisations from being impersonated by cyber criminals Continue Reading
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News
22 Apr 2020
Traditional banks need to do more than gloss over back-end systems with fintech paint
Banks need to work with fintechs if they are to prosper in the new world, but first they must update their back-end systems Continue Reading
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News
20 Apr 2020
Dutch organisations address business email compromise fraud
Public-private partnership in the Netherlands works to break the chains used by fraudsters to carry out BEC attacks Continue Reading
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News
20 Apr 2020
CaixaBank uses hybrid of conventional and quantum computers to classify risk
Spain's CaixaBank is using quantum computers as part of a project to assess risk using machine learning algorithms Continue Reading
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News
16 Apr 2020
Coronavirus: Cyber attacks on banks seen spiking, says Carbon Black
VMware’s Carbon Black observes a spike in cyber attacks on financial services organisations Continue Reading
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News
15 Apr 2020
Coronavirus: Lloyds Bank to give thousands of tablet devices to over-70s
Banking group is giving away tablets and basic digital training to help vulnerable customers stay connected during the UK’s Covid-19 lockdown Continue Reading
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News
14 Apr 2020
Apple and Netflix most imitated brands in phishing attacks
A new report highlights the brands which are being most frequently spoofed by cyber criminals in phishing attacks Continue Reading
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News
08 Apr 2020
IR35 private sector reforms: Blanket bans on limited company contractors hold firm despite deferral
While many firms have seized on the government’s decision to delay the roll-out of the IR35 reforms to rethink their approach, others are sticking by their decision to ban limited company IT contractors from their workforce Continue Reading
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News
01 Apr 2020
Coronavirus: Use of fintech apps in Europe accelerates
Fintech apps are being increasingly used by consumers as restrictions on their movements are put in place Continue Reading
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News
01 Apr 2020
Swedbank to rebuild anti-money laundering systems after damning report
Report finds that €36.7bn in transactions, all carrying a high risk for money laundering, were processed through the bank’s branch network in Estonia, Latvia and Lithuania Continue Reading
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News
31 Mar 2020
Gartner: Top-performing companies understand CX
Those businesses that measure customer experience, either through surveys, real-time analytics or the use of artificial intelligence, are more profitable Continue Reading
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News
31 Mar 2020
Insurance company uses artificial intelligence to assess car damage when claims are made
In the latest insurtech development, the UK arm of insurance company Ageas is using artificial intelligence to assess vehicle damage in accidents Continue Reading
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News
26 Mar 2020
Nordic fintechs urge financial literacy to be taken seriously before it’s too late
Fintechs in the Nordic region hope to prevent more adults getting into financial difficulty through apps that educate people about managing their finances at an early age Continue Reading
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News
24 Mar 2020
Norwegian banking app gives access to other banks’ accounts
Banking customers can access and make payments from their other bank accounts using the DNB Mobile Bank app Continue Reading
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News
24 Mar 2020
Coronavirus: Contactless spending limit increased to fight pandemic
Banking and financial services trade body UK Finance to increase spending limit for contactless payments to £45 from the start of April Continue Reading
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News
24 Mar 2020
Coronavirus: Fintechs create Covid Credit to help self-employed prove income loss
Financial technology professionals have created a tool that will support self-employed people claiming financial relief from the government during the Covid-19 pandemic Continue Reading
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News
23 Mar 2020
Interview: Jamil Farshchi, CISO, Equifax
Equifax CISO Jamil Farshchi discusses public cloud and why it’s not something IT security professionals should be afraid of Continue Reading
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News
19 Mar 2020
Loan charge under review: Cross-party group of MPs slams government inquiry into tax policy
The government’s independent inquiry into the loan charge disguised remuneration policy has been criticised in a report by a cross-party group of MPs for being ‘fundamentally flawed’ Continue Reading
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News
18 Mar 2020
Prudential turns to AI to secure computer networks against cyber attacks
Prudential, the UK’s largest listed insurer, is turning to artificial intelligence to protect its computer networks in the US, Asia and Africa from malware hackers and internal threats Continue Reading
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Podcast
18 Mar 2020
Podcast: The Computer Weekly Downtime Upload – Episode 51
In this week’s episode of the Computer Weekly Downtime Upload podcast, Clare McDonald, Caroline Donnelly and Brian McKenna discuss the Budget, the role of graph database technology in anti-money laundering compliance, and the Everywoman Tech Awards Continue Reading
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News
18 Mar 2020
IR35 private sector reforms: Coronavirus prompts Treasury to delay start date to April 2021
HM Treasury confirms roll-out of IR35 reforms to the private sector will be halted for a year to ease the pressure on businesses in the face of the coronavirus outbreak Continue Reading
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News
17 Mar 2020
Travelex under threat as insolvency risk, hacking costs and coronavirus take their toll
Foreign exchange group’s future remains uncertain as its parent company, Finablr, prepares for potential insolvency Continue Reading
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News
13 Mar 2020
Budget 2020: Full of promises, but is it enough?
Chancellor Rishi Sunak’s Budget provided plenty of cash for technology and innovation, but has the government done enough to make the tech industry happy? Continue Reading
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News
12 Mar 2020
CIO interview: Miguel Rio Tinto, Emirates NBD
The Dubai-based banking group’s CIO, Miguel Rio Tinto, talks about its ambitious digital transformation plans Continue Reading
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E-Zine
12 Mar 2020
CW Europe: Experts examine Dutch government’s IT problems
Technology experts discuss the challenges and potential solutions to the Netherlands government’s IT problems. Also read how Russia’s VTB and Rostelecom are creating a platform to utilise big data technology, and how Spain’s CaixaBank is using AI to help its staff training. Continue Reading
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News
12 Mar 2020
Dutch landscape attracts fintech exploration
In 2019, the Netherlands had more than 450 companies active in financial technology. The country’s “polder model”, in which new and traditional companies work closely together, offers many opportunities for fintechs Continue Reading
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News
11 Mar 2020
Fintech workers called to share their experiences of microaggression
Fintech workers were asked to share upsetting workplace incidents as part of an anonymous study Continue Reading
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News
11 Mar 2020
International Women’s Day provides platform for Nordic women in tech
International annual event reminds tech industry that work needs to be done to reduce inequality, but organisations must work towards this on a daily basis Continue Reading
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News
10 Mar 2020
VAT software supplier exposed data of millions
Eight million sales records belonging to UK and EU consumers left exposed due to misconfigured server Continue Reading
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News
10 Mar 2020
Lloyds Banking Group signs five-year Google Cloud deal
The retail bank has a multi-cloud strategy as part of its multi-billion digital transformation initiative Continue Reading
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News
09 Mar 2020
Bill Gates backs Crest fintech security scheme for Africa and Asia
UK-based cyber security accreditation and certification non-profit Crest has been awarded a $1.4m grant from the Bill and Melinda Gates Foundation to expand cyber security capacity for fintechs in Africa and Asia Continue Reading
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News
05 Mar 2020
IR35 tribunal sees Nationwide project manager lose £70,000 tax bill appeal to HMRC
IR35 tribunal judge concludes working relationship between two parties is one of employment, with project manager Robert Lee described as ‘part and parcel’ of Nationwide’s organisation Continue Reading
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Opinion
03 Mar 2020
EC publishes approach to human and ethical implications of AI, but what will UK do?
The European Commission has published a guide to the EU’s approach to the human and ethical effects that artificial intelligence might bring Continue Reading
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News
02 Mar 2020
HMRC CEO denies it is ‘deliberately misleading’ public over loan scheme promoter arrests
HMRC CEO Jim Harra has “strongly rejected” claims made on social media by the Loan Charge All Party Parliamentary Group of cross-party MPs that it is “deliberately misleading” the public about its recent loan scheme-related enforcement activities Continue Reading
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News
02 Mar 2020
Nordic lessons on digital transformation
Swedish financial services firm reports a successful IT outsourcing project with India-based IT services company Continue Reading
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News
27 Feb 2020
Gove warns EU that UK sovereignty is non-negotiable on eve of trade deal talks
The UK and the EU have published their divergent mandates for trade talks due to start on Monday 2 March 2020, and digital may emerge as a long-term terrain of dispute Continue Reading
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News
27 Feb 2020
IR35 private sector reforms: Treasury review concludes no delay needed to April 2020 start date
Contracting groups describe HM Treasury’s highly anticipated review into the implementation of the IR35 reforms as “recklessly inadequate” as it concludes roll-out should proceed as planned Continue Reading
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News
26 Feb 2020
Thousands of UK entrepreneurs register businesses in Estonia since Brexit referendum
UK entrepreneurs are registering businesses in Estonia to make sure they can continue to trade freely in the EU Continue Reading
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News
25 Feb 2020
Mastercard creates 1,500 tech jobs in Ireland
New roles at tech hub in Dublin will include professionals with expertise in artificial intelligence, cyber security, blockchain and user experience Continue Reading
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News
24 Feb 2020
IR35 private sector reforms: First year of enforcement won't be ‘heavy-handed’, claims chancellor
New chancellor Rishi Sunak has moved to assure business leaders that HMRC will not be heavy-handed in enforcing the new IR35 rules Continue Reading
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News
19 Feb 2020
Refinitiv uses Google Cloud to revolutionise delivery of huge datasets
Financial data giant is expanding delivery of its services in the cloud, removing the need for customers to use hard disks and trucks to transport large datasets onsite Continue Reading
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News
19 Feb 2020
Swedish consumer-protection legislation will hit fintechs
New financial regulation to protect consumers from agreeing to unnecessary credit will force financial technology companies to make changes to their products Continue Reading
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News
17 Feb 2020
Mastercard opens European security resilience unit
Mastercard’s European Cyber Resilience Centre will bring together its partners and other industry bodies to support enterprise resilience Continue Reading
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News
12 Feb 2020
Brexit cited as reason for German digital bank’s UK exit
German challenger bank N26 leaves the UK, saying Brexit is the reason behind the decision due to the removal of passporting rights Continue Reading
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News
11 Feb 2020
Chinese military personnel accused of Equifax hack
A US federal grand jury has indicted four Chinese army personnel over the 2017 Equifax breach Continue Reading
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News
10 Feb 2020
Two-thirds of workers at risk of robot-driven redundancy are unaware of the threat to jobs
People who do jobs that are most likely to be automated through technology are unaware and unprepared of the impending threat to their livelihoods, with Nesta calling on the government to do more to up-skill those at risk Continue Reading
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News
09 Feb 2020
Australian government to roll out SAP S/4 Hana
Australia’s finance department earmarks S/4 Hana as its ERP system to provide common financial and HR services across government Continue Reading
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News
07 Feb 2020
IR35 private sector reforms: HMRC confirms last-minute tweak to incoming off-payroll rules
The government is rolling out a tweak to the IR35 private sector reforms that it claims will give businesses more time to prepare, but stakeholders are unconvinced Continue Reading
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News
07 Feb 2020
Goldman Sachs considers building cloud service to sell to other finance firms
Internal memo reveals that bank could provide an Amazon Web Services-like cloud service to financial services companies Continue Reading
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News
05 Feb 2020
Scammers using fake PayPal emails stole over £1m in the UK in last quarter
Fraudsters tricked Brits into sending over £1m worth of goods to them that they hadn't paid for Continue Reading
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News
04 Feb 2020
Azimo gets loan from European Investment Bank to build cross-border payments infrastructure in EU
UK fintech gets validation from EIB through €20m loan which will contribute to building its smartphone app-based payments infrastructure Continue Reading
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News
03 Feb 2020
New jobs in Ireland as Brexit forces Revolut to migrate work from London
Brexit has pushed the financial technology firm into moving London jobs to Ireland Continue Reading
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News
31 Jan 2020
Estonian CIO gives UK IT professionals hope as Brexit removes rights
Tech chief says Estonia’s door is open to UK IT professionals if they want to continue enjoying an EU lifestyle Continue Reading
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News
31 Jan 2020
UK police arrest three over Maltese cyber bank robbery
The NCA has made three arrests in Belfast and London following an investigation into money laundering linked to a cyber heist on a bank in Malta Continue Reading
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News
28 Jan 2020
Fintechs fear deepfake fraud
New research reveals the majority of CISOs working in the financial services sector are increasingly concerned about the potential use of deepfakes Continue Reading
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News
27 Jan 2020
LV= rolls out smart speaker skill
General insurance firm says customers will receive answers to commonly asked questions by invoking the skill on Alexa or Google Home Assistant Continue Reading
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News
24 Jan 2020
IR35 private sector reforms: Bank of America IT contractors await verdict on future employment terms
Despite notifying staff of its intentions to phase out contractors from its workforce in December 2019, IT contractors at the Bank of America are still awaiting clarification about what their future at the firm will look like, Computer Weekly has learned Continue Reading
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News
21 Jan 2020
Singapore updates model AI governance framework
Second edition of Singapore’s artificial intelligence governance framework includes new guidance, use cases and a self-assessment guide Continue Reading
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News
17 Jan 2020
IR35 private sector reforms: Blanket bans ‘devalue’ IT contractor contributions to digital projects
James Poyser, CEO of contractor-focused online accountancy firm InniAccounts, claims large firms that are failing to assess contractors fairly will lose out in productivity, reputation and talent retention Continue Reading
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News
16 Jan 2020
Lloyds Banking Group to create digital workplace with Microsoft
Bank is transforming how its staff work as part of a multibillion-pound digital transformation Continue Reading
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News
15 Jan 2020
TSB signs up IBM Services and announces Edinburgh tech hub
TSB has contracted IBM to provide hybrid cloud services as part of its £120m digital transformation plans, which will see more tech jobs in Scotland Continue Reading
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News
15 Jan 2020
Travelex warns customers to be alert to phone scams
Under-fire forex provider warns that criminals may try to take advantage of its predicament to scam customers Continue Reading
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News
15 Jan 2020
Gates Foundation mobile money projects in developing world to go live this year
Mobile money projects aim to give millions of the world’s poorest people access to financial services Continue Reading
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News
15 Jan 2020
Government distances itself from Post Office decisions in Horizon IT litigation
Department for Business, Energy & Industrial Strategy says it did not make decisions in the Post Office’s recent court battle Continue Reading
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News
15 Jan 2020
Royal Bank of Canada gives Mencap a ‘leg-up’ in automating processes
UK charity gets help from Canadian bank in a collaboration aimed at creating a robotic workforce Continue Reading
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News
13 Jan 2020
Travelex to begin restoring foreign exchange services two weeks after ‘Sodinokibi’ attack
Travelex says it is making “good progress” in its recovery and is to begin restoring electronic foreign exchange services, but is silent about whether it has agreed to pay hackers a $6m ransom to decrypt computer files Continue Reading
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Opinion
10 Jan 2020
Learning from the Travelex cyber attack: Failing to prepare is preparing to fail
The key lesson to take from the Travelex breach is that an effective response to a breach is a critical business function and no longer the sole province of the IT department Continue Reading
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News
09 Jan 2020
Travelex hackers threaten to sell credit card data on dark web
Sodinokibi cyber gangsters have threatened to sell Travelex customers’ private data on a Russian underground cyber crime forum if it fails to pay a $6m ransom Continue Reading
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News
09 Jan 2020
Don’t become the next Travelex: Get ready for ransomware
With Travelex’s IT still in disarray and banks and travellers left without access to funds more than a week after it was hit by a ransomware attack, we ask what others can learn from the foreign exchange services company’s response to the incident Continue Reading
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News
09 Jan 2020
PowerTrick backdoor used to target high-value businesses
Threat actors are exploiting a PowerShell-based backdoor called PowerTrick to go after high-value targets, warns SentinelLabs Continue Reading
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News
09 Jan 2020
Can fintech succeed where schools and parents have failed?
Young people in Britain are unprepared to manage their finances when they leave home and, as a result, many run into serious problems Continue Reading
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Opinion
08 Jan 2020
Why the banking industry needs an IT makeover
UK banks face huge challenges keeping their service availability levels at 99.99% Continue Reading
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News
06 Jan 2020
Cyber gangsters demand payment from Travelex after ‘Sodinokibi’ attack
Cyber criminals are demanding payment to decrypt Travelex’s computer files after a devastating malware attack. New questions have been raised about the security of Travelex’s computer network after it emerged the company waited eight months to patch vulnerable VPN servers Continue Reading
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05 Jan 2020
Holy grail of digital banking is, at first glance, a new channel, not a new concept
Details of Google’s plans in the financial services sector have emerged with nothing groundbreaking so far, but the sector is guessing what comes next. Continue Reading
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News
03 Jan 2020
Suspected ransomware attack causes worldwide disruption for Travelex
Travelex switches off computer systems and resorts to cash-only currency sales after malware attack. Insiders claim the currency exchange chain has been hit by ransomware which has left critical files containing customer data encrypted Continue Reading
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Feature
31 Dec 2019
How to optimise remote workforces while tackling loneliness
Remote working is very common in tech companies and IT departments. How can it be managed to optimise productivity and keep employees socially connected to their companies? Continue Reading
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News
30 Dec 2019
Top 10 enterprise IT in the Benelux region stories of 2019
Here are Computer Weekly’s top enterprise IT stories from the Benelux region over the past year Continue Reading
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News
27 Dec 2019
Top 10 financial services IT stories of 2019
Here are Computer Weekly’s top 10 financial services and fintech stories of 2019 Continue Reading
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News
24 Dec 2019
Top 10 enterprise IT in the Middle East stories of 2019
Here are Computer Weekly’s top 10 enterprise IT in the Middle East stories of 2019 Continue Reading
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News
23 Dec 2019
Top 10 enterprise IT in the Nordics stories of 2019
Here are Computer Weekly’s top 10 Nordic enterprise IT stories of 2019 Continue Reading
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Feature
23 Dec 2019
Top 10 storage deployment stories of 2019
Here are ComputerWeekly’s top 10 storage deployment stories for 2019, which see quite a move away from traditional SAN and NAS to hyper-converged, software-defined storage and object storage Continue Reading
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News
20 Dec 2019
Has Y2K windowing been addressed by banks or is Y2.02K a risk?
Big banks that haven't replaced legacy systems or fixed temporary windowing solutions to Y2K could have problems at the beginning of 2020 Continue Reading
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News
18 Dec 2019
How Saudi Arabia plans to become the Silicon Valley of the Middle East
With its young and educated population, Saudi Arabia has the potential to become a hub for tech innovation Continue Reading
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E-Zine
12 Dec 2019
CW Europe: Deutsche Bank creates innovation division
German banking giant Deutsche Bank is opening a division focused on innovation which will be led by former SAP executive Bernd Leukert. It will create agile teams with business and infrastructure divisions leading teams of technologists, using agile principles. Also read why China’s Huawei has offered governments an anti-industrial espionage commitment, and how software robots are helping social workers in Sweden. Continue Reading
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News
11 Dec 2019
Lloyd's of London secures £300m for digital transformation
Lloyd's of London has secured funding for a modernisation programme that will start next year Continue Reading
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News
11 Dec 2019
How can CIOs in Europe turn innovation into a competitive advantage?
CIOs across Europe are under pressure to innovate to help businesses grow and must think differently as a result Continue Reading
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Feature
10 Dec 2019
Building enterprise-grade AI: Sberbank and AI Telekom
Machine learning and artificial intelligence are growing beyond adolescence to prove business value. Practical applications at Sberbank and AI Telekom suggest getting machine learning data in one place, where data scientists can experiment Continue Reading
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News
09 Dec 2019
Cloud computing surges in the UAE in 2019
Cloud computing take-up saw a significant acceleration in the Middle East throughout this year Continue Reading
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News
06 Dec 2019
Barclays opens large tech operation in India, hiring thousands
Barclays opens tech centre in Pune as part of its global delivery network Continue Reading
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News
06 Dec 2019
Dutch government must facilitate and coordinate a broad eID system
The Dutch government should push for an electronic ID system for its citizens that works across the public and private sectors, according to a report Continue Reading
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News
05 Dec 2019
Two Russians indicted over Dridex and Zeus malware
The US Department of Justice has indicted two Russian citizens over their alleged role in the distribution of the virulent Bugat, or Dridex, and Zeus banking trojans Continue Reading
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News
05 Dec 2019
UK financial services regulators tell banks to own their IT disasters
Financial services regulators propose tighter rules for firms to reduce the adverse effects of operational problems, such as IT outages Continue Reading
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News
05 Dec 2019
Cyber Girls First volunteers encourage girls to think high-tech
More than 80 schoolgirls spent a day learning about computer hackers and rocket science – Cyber Girls First hopes they will become the next generation of technologists Continue Reading