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
17 Sep 2019
Ecuador citizens’ data breach holds lessons for enterprises
What caused the mass breach of Ecuadorian citizens’ data, and what can businesses learn from it? Continue Reading
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Podcast
17 Sep 2019
Podcast: The Computer Weekly Downtime Upload – Episode 30
The Computer Weekly Downtime Upload podcast team returns from its brief summer hiatus to discuss HPE’s hardware refresh processes, the financial services industry’s changing relationship with cloud and a charity that is helping people with chronic illnesses find work in tech Continue Reading
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Blog Post
17 Sep 2019
PSD2 security deadline extension is not a reason for further can kicking
The extension of a compliance deadline for PSD2 should not be a signal for banks to reduce preperations Continue Reading
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News
16 Sep 2019
Gartner Catalyst: Prepare for web giants crushing your industry
Companies like Amazon and Alibaba are taking a bigger chunk of the customer journey, but they are also spreading across industry sectors Continue Reading
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News
13 Sep 2019
Ditch hoodies and hackers to encourage diverse security recruitment
The cyber security industry needs to address a systemic image problem if it is to succeed in recruiting more diverse teams Continue Reading
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News
13 Sep 2019
When AIs go to war: Autonomous cyber weapons ‘inevitable’
CISOs must start thinking about how to engage with intelligent, adaptive, non-human attackers, says Trend Micro’s Rik Ferguson Continue Reading
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News
13 Sep 2019
Dutch banks to work together in fight against money laundering
Dutch banks are sharing expertise and resources to help reduce money laundering through their accounts Continue Reading
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News
13 Sep 2019
Fintech lender increases loan limit as customer demand accelerates
Small business lender Esme Loans has increased its loan limit to quarter of a million pounds as businesses are drawn to its simple and fast digital platform Continue Reading
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News
13 Sep 2019
Industry opposition to no-deal Brexit hardens, says TechUK
A survey of TechUK members has found that 71% believe a no-deal Brexit at the end of October will negatively affect them in spite of their preparations Continue Reading
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News
12 Sep 2019
Less than quarter of fintechs prepared for no-deal Brexit
A survey reveals that less than a quarter of UK fintech companies have their businesses prepared for the UK's exit from the EU Continue Reading
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News
12 Sep 2019
Mirai descendants dominate IoT threat environment
Attacks leveraging compromised IoT devices are growing in size, scale and frequency, report security experts at F-Secure and Trend Micro, with Mirai-related botnets a major source of trouble Continue Reading
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News
12 Sep 2019
Bloomberg will move historic trading data to cloud in support of clients’ machine-learning ambitions
Bloomberg’s CIO for enterprise, Tony McManus, says its clients’ changing attitude to using cloud is changing the way the firm makes its real-time trading data available to the financial services community Continue Reading
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News
11 Sep 2019
Fintech Fluidly combines Google’s cloud and AI tech to ease SME cashflow management woes
London-based fintech Fluidly explains how its recent all-in move to the Google Cloud is supporting its continued growth, and delivers new features to customers faster Continue Reading
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News
11 Sep 2019
GDPR non-compliance worse than feared
Over half of UK businesses do not yet appear to be fully GDPR-compliant, and many have de-prioritised their compliance efforts Continue Reading
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News
10 Sep 2019
Brexit disrupts FCA exploration into data use in wholesale banking
The extra work for banks due to Brexit preparations has caused a delay to FCA work on the use of data in the wholesale banking sector Continue Reading
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News
10 Sep 2019
Inside NatWest Ventures
NatWest Ventures is helping NatWest bank to remain relevant to its SME businesses customer community through digital innovation Continue Reading
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News
10 Sep 2019
BT gears up to take on rogue drones
BT’s Enterprise unit is offering customers an anti-drone security solution to protect their physical sites from intrusion Continue Reading
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News
09 Sep 2019
Social engineering a factor in virtually all cyber attacks, report claims
Almost every single cyber attack will, at some stage, require a human to be tricked into doing something, according to research by Proofpoint Continue Reading
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News
09 Sep 2019
Loyal Dutch IT professionals not being rewarded enough, survey shows
Companies warned they could lose loyal IT staff because salary rises do not match those on offer from rival employers Continue Reading
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Blog Post
04 Sep 2019
Tandem Bank steps up its artificial intelligence training with appointment
Tandem Bank names seasoned artificial intelligence expert to drive its journey to personalise banking Continue Reading
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Opinion
04 Sep 2019
Businesses need to keep investing in tech and hope to avoid a no-deal Brexit
A no-deal Brexit could have serious consequences for the UK tech sector and skills base, making it more difficult to recruit technology specialists and hire freelancers Continue Reading
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News
04 Sep 2019
Danish MobilePay app moves away from mainframe
Danske Bank’s popular mobile payment app moves from mainframe to open source DataStax Enterprise built on Apache Cassandra Continue Reading
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News
04 Sep 2019
Nationwide Building Society harnesses low-code platform
Software development platform makes it quicker to build apps Continue Reading
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News
03 Sep 2019
CISOs think cloud safer, but security fears remain
The majority of information security leaders think cloud is now safer than on-premise, but security fears remain, with recently breached and highly regulated organisations most concerned, poll reveals Continue Reading
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News
03 Sep 2019
Allied Irish Banks selects cloud platform for digital transformation
Bank is streamlining its operations through a cloud platform from nCino Continue Reading
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Opinion
03 Sep 2019
Security Think Tank: Risk mitigation is key to blockchain becoming mainstream
What are the best and most effective ways information security professionals can use blockchain technology? Continue Reading
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News
02 Sep 2019
UK organisations join quantum comms pilot
Four UK companies are taking part in a pilot project to build the most secure communication infrastructure in Europe Continue Reading
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News
02 Sep 2019
TSB works with Silicon Valley tech firm to help SME customers take card payments
UK bank will offer its small business customers card-processing and point-of-sale technology by partnering with a fintech set up by Twitter CEO Continue Reading
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Opinion
02 Sep 2019
Security Think Tank: Blockchain – balance risk and opportunity for smart security
What are the best and most effective ways information security professionals can use blockchain technology? Continue Reading
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01 Sep 2019
CIO interview: Simon McNamara, chief administrative officer, RBS Group
Brought in after a catastrophic IT failure that affected 6.5 million customers, the IT chief at Royal Bank of Scotland Group says the bank is now a leader in innovation. Continue Reading
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News
29 Aug 2019
UK gets first millionaire ethical hacker
Six months after the first millionaire ethical hacker was announced, five more have been recognised, including a Briton, who have collectively discovered nearly 5,000 vulnerabilities Continue Reading
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Blog Post
28 Aug 2019
Don’t upset the Apple Card
Apple has reiterated its searing contempt for the hoi polloi that uses its products by releasing a physical credit card you’re not supposed to put in your wallet. The titanium card is, in Apple’s ... Continue Reading
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News
28 Aug 2019
Most UK firms ignore security in tech investments
Less than a quarter of UK firms prioritise security when investing in new technology, despite the threat of cyber attacks and data protection regulations, a survey reveals Continue Reading
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News
28 Aug 2019
Ransomware has evolved into a serious enterprise threat
Ransomware has seen a resurgence since the start of 2019, with cyber criminals changing code and tactics to target enterprises and local authorities for higher ransom payments, McAfee researchers warn Continue Reading
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News
27 Aug 2019
Employees, MSPs and developers top third-party risks
Employees, managed service providers and developers are the top sources of third-party risks in terms of data security, a survey reveals, highlighting the value of workplace monitoring Continue Reading
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News
23 Aug 2019
IR35 reforms: HMRC defends off-payroll rules guidance against "woeful" IPSE jibes
HMRC promises there are more preparatory materials in the pipeline to help the private sector prepare for the April 2020 IR35 rules, after IPSE brands its current guidance "woeful" Continue Reading
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News
22 Aug 2019
A helping hand from the Nordics in the eye of the GDPR storm
Nordic IT companies are well suited to supporting enterprises in their data protection projects, even though openness is more natural to them Continue Reading
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Blog Post
22 Aug 2019
UK businesses at risk due to PSD2 security standard myths re-emerging
UK businesses could put themselves at risk because of myths surrounding the PSD2 security standard Continue Reading
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E-Zine
22 Aug 2019
CW Nordics: Copenhagen woos tech startups
Copenhagen offers all the advantages startups need to get off the ground and many are setting up with the intention of staying there for the long haul. Also read how shipping giant Maersk is employing a cloud-first strategy to disrupt competition and build innovation, and why three Finnish banks are sharing a core IT platform. Continue Reading
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News
21 Aug 2019
UK banks outage caused by problem at US payment service provider
UK consumers were unable to access some banking services due to a hardware failure at a US payments provider Continue Reading
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Blog Post
21 Aug 2019
Still work to be done securing Open Banking as PSD2 deadline looms
Banks and retailers have work to do to ensure that open banking and PSD2 don't open doors for fraudsters Continue Reading
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Blog Post
20 Aug 2019
PSD2 creates more potential entry points for fraudsters
PSD2 widens the target for fraudsters preying on consumers through social engineering and other non technical attacks Continue Reading
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News
20 Aug 2019
Buyers think SD-WAN is too expensive and complicated
Building and maintaining an SD-WAN is perceived as a complicated endeavour, and the industry’s messages are not getting through, says a new report Continue Reading
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News
20 Aug 2019
Restaurant group pays staff almost £1m early through fintech app
Wagestream app enables Casual Dining Group employees to receive salary payments in advance for a small fee Continue Reading
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News
20 Aug 2019
Even fintech startups battling to meet cyber security challenges
A study shows that most fintech startups, like most banks, are failing to address vulnerabilities in the web and mobile applications, underlining the scale of the challenge Continue Reading
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News
19 Aug 2019
UK financial account takeovers up, report warns
Commercial cyber criminal services are helping to drive up the number of account takeovers, a fraud report for the first half of the year shows Continue Reading
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News
19 Aug 2019
First government organisation in Bahrain migrates to Amazon Web Services
Sovereign wealth fund’s internal IT team handled migration process, which has slashed the organisation’s technology operational costs Continue Reading
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News
16 Aug 2019
London Stock Exchange glitch delays trading
The London Stock Exchange suffered a 90-minute technical outage which prevented early trading in major stocks Continue Reading
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News
15 Aug 2019
European fintech investment continues to grow as global investment falls
European countries are continuing to see significant growth in financial technology investment as total global investment decreases Continue Reading
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News
15 Aug 2019
Most UK financial firms hit by cyber attack in the past year
The majority of UK financial companies are failing to prevent cyber security incidents, mainly because of employees failing to follow security policies and a lack of security budget, a survey reveals Continue Reading
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News
14 Aug 2019
UK finance regulator gives extra time for companies to meet payment security rules
Financial Conduct Authority gives companies under its watch an extra 18 months to meet an EU payments security standard Continue Reading
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Feature
13 Aug 2019
What 5G applications will transform your business?
The UK’s mobile network operators have started work on their 5G roll-outs, but what applications are most likely to gain enterprise traction for the new standard? Continue Reading
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News
13 Aug 2019
Breach cost $53m in Q2, says Desjardins
Credit union cooperative Desjardins reveals that a data breach in June cost the company $53m in the second quarter, but that could be just the start, warn industry commentators Continue Reading
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Feature
13 Aug 2019
Financial services and cloud: Delivering digital transformation in a highly regulated industry
The financial services community has gone from being one of the least likely sectors to adopt cloud to becoming one of its keenest users, as regulator attitudes to using the technology have become more accommodating Continue Reading
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News
09 Aug 2019
F-Secure warns of F5 Big IP-related security issue
F-Secure has discovered security issues relating to an F5 device that it says could potentially turn hundreds of thousands of load balancers into beachheads for cyber attacks Continue Reading
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News
08 Aug 2019
Ransomware a continued threat to business, report warns
Businesses are increasingly becoming the most popular targets for ransomware, which remains a top cyber threat around the world, especially in the US, a report reveals Continue Reading
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E-Zine
08 Aug 2019
CW Benelux: Dutch academic hunts the personality behind the hacker
Rutger Leukfeldt, senior researcher on cyber crime at the Netherlands Institute for the Study of Crime and Law Enforcement, is working to help organisations understand the personalities behind criminal hackers. Also in this issue, read about research that shows over half of Dutch organisations admit their knowledge of blockchain is substandard. We also feature an article about ABN Amro’s work with researchers to explore how quantum computing can be used to secure online banking. Continue Reading
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News
07 Aug 2019
Shared files in the cloud are a top ransomware target
Vectra 2019 Spotlight report shows recent ransomware attacks cast a wider net to ensnare cloud, datacentre and enterprise infrastructures Continue Reading
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News
06 Aug 2019
African bank foils suspected North Korean cyber attack
An African bank is among the financial institutions to be targeted by North Korea’s multi-billion dollar cyber theft campaign to support its weapons programmes Continue Reading
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News
05 Aug 2019
CIO interview: Simon McNamara, chief administrative officer, RBS Group
Brought in after a catastrophic IT failure that affected 6.5 million customers, the IT chief at Royal Bank of Scotland Group says the bank is now a leader in innovation Continue Reading
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News
05 Aug 2019
Nordic banks move into wearable payment technology
Payment by watch or watch strap is now an option for customers of two banks in Sweden Continue Reading
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News
01 Aug 2019
Nationwide plans 750 tech roles at new digital hub in London
Building society is setting up its first major tech presence in London to help it access deep skills pool Continue Reading
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News
01 Aug 2019
London Stock Exchange agrees to acquire Refinitiv for £22bn
The London Stock Exchange has agreed to a multi-billion pound takeover of data giant Refinitiv Continue Reading
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News
31 Jul 2019
Cisco pays $8.6m after whistleblower discloses security flaws in video surveillance system
James Glenn, a video surveillance expert working for a Cisco reseller in Denmark, alerted Cisco to security faults and stands to gain a share of a multimillion-dollar settlement with the US government Continue Reading
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News
31 Jul 2019
Financial services top cyber attack target
Financial services are among the most attractive targets for cyber attackers, security researchers reveal, with phishing and credential stuffing among the top threats Continue Reading
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News
31 Jul 2019
Middle East businesses welcome Amazon Web Services region launch
Bahrain AWS region, with three datacentres, links Middle East to AWS's global network and will help to accelerate digital transformation Continue Reading
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30 Jul 2019
Deutsche Bank’s public contraction marks a major breakthrough for fintech startups
German bank is cutting costs overall but is investing more in the latest digital technology as fintechs chip away at banking business Continue Reading
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E-Zine
30 Jul 2019
Digital takes the racing line in Formula One
In this week’s Computer Weekly, we talk to the CIO of Formula One racing team Haas F1 to find out how technology is helping to compete with better-funded rivals. We examine the latest best practice advice on disaster planning. And we look at what the troubles at Deutsche Bank tell us about the rise of fintech startups. Read the issue now. Continue Reading
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News
30 Jul 2019
London Stock Exchange eyes £22bn acquisition of Refinitiv to expand data capabilities
The London Stock Exchange is looking at a huge tech acquisition to provide customers access to a wealth of data services built using the latest technologies Continue Reading
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News
30 Jul 2019
Former AWS engineer arrested for Capital One data breach
Capital One announces data breach affecting more than 100 million customers as US federal authorities arrest a Seattle woman formerly employed by Amazon Web Services Continue Reading
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News
29 Jul 2019
Visa card vulnerabilities enable contactless limit bypass
Security researchers have discovered vulnerabilities on Visa cards that could be exploited to bypass contactless payment limits and result in huge losses Continue Reading
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News
29 Jul 2019
TSB takes another £36m hit related to botched IT migration
TSB has been stung for another £36m in costs related to its botched IT migration last year, but managed a profit in its latest six monthly results Continue Reading
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News
29 Jul 2019
WannaCry hero Marcus Hutchins spared jail
British security researcher who helped halt the global WannaCry ransomware attack that hit the NHS in 2017 has avoided jail in the US for creating other malware Continue Reading
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News
25 Jul 2019
Surge in UK businesses switching bank account providers
The UK system that makes it easy to change bank account has seen a surge in businesses taking up the service Continue Reading
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News
24 Jul 2019
Santander brings global digital services under one roof
Spanish banking giant Santander Group is creating a global digital unit as part of its transformation plans Continue Reading
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Blog Post
24 Jul 2019
Innovate Finance expands national network with three regions added
Innovate Finance is continuing to expand its network of fintechs with agreements with three regional hubs Continue Reading
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News
24 Jul 2019
Smart technology will transform Dutch neighbourhood
A programme in the Netherlands is creating a smart neighbourhood as a pilot for how people could live in the future Continue Reading
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News
22 Jul 2019
Morgan Stanley uses Box to power new Digital Vault
Bank has integrated the Box collaboration platform to provide a new, secure document-sharing service for its customers Continue Reading
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News
22 Jul 2019
Latest investments in Atom Bank will support cloud platform project
Bank has raised £50m more finance, which will contribute to funding its project to migrate to the cloud Continue Reading
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News
17 Jul 2019
Most security pros still concerned about public cloud security
Despite accelerated adoption of public cloud services by companies keen to benefit from increased efficiency, scalability and agility, most security professionals have reservations Continue Reading
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News
17 Jul 2019
Facebook accused of ‘breathtaking arrogance’ over Libra cryptocurrency plan
US senators grill Facebook’s David Marcus over social media giant’s plans to launch cryptocurrency Continue Reading
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Blog Post
17 Jul 2019
Latest UK fintech investment figures reflect the evolution of the sector
Investment patterns in the UK fintech sector reveals how the businesses in it are maturing Continue Reading
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News
17 Jul 2019
Deutsche Bank’s public contraction is a major landmark for fintech
German bank is cutting costs overall but is investing more in the latest digital technology as fintechs chip away at banking business Continue Reading
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News
16 Jul 2019
Manchester Metrolink gets contactless payments technology
Travellers using Manchester’s trams can now complete their journeys using contactless payment Continue Reading
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News
15 Jul 2019
Organisations turn to AI in race against cyber attackers
Businesses are racing to automate their defences as hackers and nation states launch increasingly sophisticated cyber attacks Continue Reading
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News
12 Jul 2019
SD-WAN in play: How software-defined solves core business challenges
For foodservice business HMSHost International and chemical products firm Element Solutions, both customers of networking supplier Aryaka, software-defined wide area networking technology is proving its mettle when it comes to solving core business challenges. Find out how. Continue Reading
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News
12 Jul 2019
Blockchain.com banks on Google cloud to support growth of cryptocurrency management platform
Blockchain.com reveals details of how it is ramping up its use of the Google Cloud Platform as the range of cryptocurrencies it supports grows, along with the size of its user base Continue Reading
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News
12 Jul 2019
Sweden’s SEB bank uses mob programming across business
Hack day sees 70 developers successfully demonstrate mob programming method that banking group is now using to develop applications in an agile way Continue Reading
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Feature
11 Jul 2019
Securing your mobile estate – best practice for CIOs
The prevalence of mobile devices in every part of daily life is shaping how enterprises make choices about software and network infrastructure, but how do businesses go about securing these vast new endpoint estates? Continue Reading
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News
11 Jul 2019
Zopa gets in-house tech ready for 2019 bank launch
Peer-to-peer lender tests out banking platforms in anticipation of launching products in the UK before the end of this year Continue Reading
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News
11 Jul 2019
Dutch privacy watchdog tells banks not to use customer payment data for marketing
Autoriteit Persoonsgegevens tells banks to respect client privacy and not to market products based on spending data Continue Reading
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Blog Post
10 Jul 2019
People that have never heard of the cloud enjoy cloud services, so why should open banking differ?
Open banking has some way to go before and banks' shouldn't pin all their hopes on Millennials Continue Reading
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News
09 Jul 2019
Deutsche Bank cuts jobs but increases tech spend
Deutsche Bank is making swingeing cuts to its workforce over the next two and a half years and has pinned its hopes on the latest technology to make it possible. Continue Reading
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News
05 Jul 2019
Challenger bank shuts up shop in UK amid uncertainty
Digital bank Fidor is ending its time in the UK, blaming uncertainties in the market Continue Reading
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Blog Post
05 Jul 2019
Fintech pioneer helps to give fintech treatment to debt financing after Fidor sale
The founder of digital bank Fidor has turned his attention to fixing the inefficiencies of debt processing at banks through technology and empathy Continue Reading
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Opinion
04 Jul 2019
Why Facebook’s Libra digital currency could run rings round the regulators
Facebook’s cryptocurrency isn’t really a cryptocurrency, nor is it really a money transfer network, but it’s been formulated in such a way that regulators might not be able to do anything to stop it Continue Reading
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News
04 Jul 2019
Nordic payments tie-up as Nets and Swish collaborate
Payments provider and app developer work together to test out mobile phone-based in-store payments system Continue Reading
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News
04 Jul 2019
Implementing IoT – overcoming barriers to commercial adoption
Tim Wright from the Institute of Telecoms Professionals reports from a recent seminar exploring questions around the barriers to commercial, at-scale adoption of the internet of things, and how to overcome them Continue Reading
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News
03 Jul 2019
Why PSD2 adoption in the Netherlands is lagging behind
The Netherlands appears to be falling behind in open banking, even though the Dutch are digitally proficient and are often early adopters of new technology. What is going on? Continue Reading
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Blog Post
03 Jul 2019
What do the fintechs think of Facebook’s cryptocurrency Libra?
Fintechs welcome Facebook Libra but realise the scale of the social media giant's challenge to make it work Continue Reading