IT for financial services
-
News
21 Feb 2024
How Indian fintechs can address compliance issues
Fintechs will need to bolster their know-your-customer practices and establish self-regulatory mechanisms, among other measures, to address compliance issues that have come under the spotlight Continue Reading
-
News
03 Jan 2024
Fighting money laundering with AI
Mike Foster, CEO of SymphonyAI Sensa-NetReveal, talks up how AI can be used to fight financial crime and how the company’s technology can augment existing AML investments Continue Reading
-
News
04 Jan 2017
Customer-first approach will make 2017 a challenge for Dutch CIOs
CIOs in the Netherlands could see their strategies lead to thousands of jobs being cut as businesses automate Continue Reading
-
News
30 Dec 2016
Top 10 financial services stories of 2016
Here are 10 of the most popular fintech articles on Computer Weekly in 2016 Continue Reading
-
News
21 Dec 2016
Top 10 IT security stories of 2016
Here are Computer Weekly’s top 10 IT security stories of 2016: Continue Reading
-
News
20 Dec 2016
Top 10 cyber crime stories of 2016
Here are Computer Weekly’s top 10 cyber crime stories of 2016: Continue Reading
-
News
19 Dec 2016
HMRC slammed over tax probe into Newcastle datacentre campus investors
HM Revenue and Customs said it is committed to clamping down on abuses of the UK tax system, following criticism of its decision to recoup tax relief payments to datacentre investors Continue Reading
-
E-Zine
15 Dec 2016
European law enforcement seeking smart ways to fight cyber crime
Cyber criminals are always likely to be better resourced than law enforcement. Now, national and regional police forces in Europe are switching tactics to even the odds. Under-resourced law enforcement needs a smarter approach as cyber crime becomes increasingly prevalent and sophisticated, backed by the money and expertise of organised crime groups set up and run as well-resourced and efficient professional business organisations. Cyber crime operations typically have teams dedicated to looking at open source intelligence, targets’ physical environments, weaknesses in supply chains, and potential collaborators inside target organisations to enable sophisticated, blended attacks that involve a combination of actions against a range of vulnerabilities, making them difficult to detect and defend against. Continue Reading
-
News
13 Dec 2016
Metro Bank moves IT infrastructure to cloud
Metro Bank moves its IT infrastructure to a private Rackspace cloud platform, which will allow it to keep up with the latest technologies and reduce costs Continue Reading
-
News
09 Dec 2016
IT Priorities 2017: Nordic organisations to spend more on cloud services
The adoption of cloud computing in its many guises will be a top priority in the Nordic region in 2017 Continue Reading
-
News
07 Dec 2016
The United Arab Emirates enterprise IT trends for 2017
The UAE is already a leader in areas such as smart city developments, and 2017 looks set to see organisations in the country increase its adoption of other transformational IT Continue Reading
-
News
07 Dec 2016
40 firms to trial IBM Watson cognitive computing for cyber security
Forty companies sign up to apply IBM’s Watson cognitive computing systems to cyber security, but threat intelligence experts caution against total reliance on such systems Continue Reading
-
News
06 Dec 2016
London Stock Exchange opens tech services centre in Sri Lanka
The London Stock Exchange increases its technology support services operation in Sri Lanka Continue Reading
-
News
05 Dec 2016
Top 10 ANZ enterprise IT stories of 2016
Here is a rundown of Computer Weekly’s most popular ANZ enterprise IT articles for 2016 Continue Reading
-
News
02 Dec 2016
Academics link payment card vulnerability to Tesco Bank cyber heist
UK academics uncover a vulnerability in online payment systems, which they say could have been used in the Tesco Bank cyber heist Continue Reading
-
News
30 Nov 2016
Mastercard uses artificial intelligence for transaction approval
Mastercard is using artificial intelligence to reduce the number of transactions that are wrongly declined, while maintaining security Continue Reading
-
News
23 Nov 2016
Axa offers on-demand insurance via mobile app
Insurance company launches app that offers quick and easy insurance cover for individual items owned by customers Continue Reading
-
News
22 Nov 2016
Middle East bank to launch AI for customer support
Middle East bank Emirates NBD is piloting artificial intelligence to automate customer services Continue Reading
-
News
17 Nov 2016
Dutch bank ING to spend millions ‘disrupting’ its own business
Dutch bank ING used digital technology to reinvent itself following the financial crash, and is about to reinvent itself again, says its global CTO, Brendan Donovan Continue Reading
-
News
17 Nov 2016
Lending platform pioneer Zopa aims to become a UK bank
Zopa, the company that pioneered the peer-to-peer lending sector with its tech platform, looks to add more disruption to the retail banking market Continue Reading
-
News
16 Nov 2016
UK almost bottom of OECD pile for ICT investment
The UK ranks low in terms of how much it invests in the ICT infrastructure as a proportion of GDP Continue Reading
-
News
11 Nov 2016
Russian banks hit by IoT-enabled DDoS attacks
DDoS attacks on Russian banks have been linked to IoT botnets, further confirming this worrying trend and highlighting the need for IoT suppliers to improve security capabilties Continue Reading
-
News
11 Nov 2016
24 cyber criminals arrested in Europol operation
Romanian police arrest 24 members of a card skimming and cloning operation and identify 47 other suspects Continue Reading
-
News
09 Nov 2016
HSBC combines AWS with agile thinking to tap into growing demand for mobile banking
Banking giant opens up about how cloud and DevOps adoption is helping it cope with the growing consumer demand for mobile and online banking services Continue Reading
-
E-Zine
08 Nov 2016
The march of the robot workers
In this week’s Computer Weekly, we look at how artificial intelligence is being used to automate existing jobs, including roles as varied as IT administrators and customer service agents. Capital One’s European CIO talks about how to create an agile business. And we offer tips on how to deal with an Oracle software audit. Read the issue now. Continue Reading
-
News
02 Nov 2016
Australia and New Zealand IT pros on bigger salaries than UK equivalents
Aussie IT pros are better rewarded than their counterparts in the UK, according to surveys Continue Reading
-
News
01 Nov 2016
Insurers face same legacy system battle as retail banks
The biggest barrier to insurance companies adopting digital technology is their heavy reliance on legacy IT systems Continue Reading
-
News
31 Oct 2016
Black cab customers can now pay by card as well as cash
London Mayor’s Taxi and Private Hire Action Plan sees card technology introduced to all black cabs in the capital Continue Reading
-
Feature
31 Oct 2016
The cyber threats lurking within every company
Insider threats have been around for a long time, but it is only recently that people have begun to acknowledge the true danger they pose Continue Reading
-
News
28 Oct 2016
SDN trailblazer Big Switch Networks launches in UK
Having established a base of paying customers through a key partnership with Dell, SDN supplier Big Switch Networks is opening its first European offices and gunning for Cisco’s ACI business Continue Reading
-
E-Zine
25 Oct 2016
25 years of Linux
In this week’s Computer Weekly, 25 years after Linus Torvalds released the Linux kernel, we look at how the open-source operating system has influenced modern-day IT. Our new buyer’s guide covers the fast growing technology of object storage. And we examine the rise of corporate wireless networking. Read the issue now. Continue Reading
-
News
25 Oct 2016
Insurers are joining fintech party
Insurers are held back from digital transformation by legacy systems, but insurance-focused IT startups offer them hope Continue Reading
-
News
24 Oct 2016
UAE telco launches mobile wallet
Etisalat signs deal with technology company to offer its customers a mobile wallet service, as fintech expands in the Middle East Continue Reading
-
News
20 Oct 2016
Lessons to be learned from attempted $1bn bank heist
Analysis of an attack aimed at stealing $1bn reveals important lessons for cyber defenders, says BAE Systems head of threat intelligence Adrian Nish Continue Reading
-
News
18 Oct 2016
Abu Dhabi Securities Exchange uses blockchain for e-voting
Abu Dhabi Securities Exchange offers controlled access to the AGM information of listed companies through a blockchain-based service Continue Reading
-
News
14 Oct 2016
Nordea bank joins rival’s mobile payment platform
Nordea signs up to the mobile payments platform from Danske bank for its customers in Denmark and Norway Continue Reading
-
News
13 Oct 2016
Lloyds Bank to use virtual reality to test applicants for graduate programme
Bank will use virtual reality to test potential recruits in situations that are otherwise difficult to recreate Continue Reading
-
News
10 Oct 2016
More virtualisation to come in mature Australian market
Australia has been hailed as a rapidly growing market for mobile virtualisation Continue Reading
-
News
06 Oct 2016
Swedish bank uses Amelia the robot for customer services
SEB is using AI software from IPsoft for customer service after a successful internal project Continue Reading
-
News
04 Oct 2016
Demand rises for low-cost flash storage across Australia
Flash storage gains popularity in Australia, as smaller organisations are attracted by lower prices and higher capacity Continue Reading
-
News
28 Sep 2016
Mastercard woos software developers with API platform
Credit card company Mastercard is investing heavily in digital payments and wants to engage with developers and startups Continue Reading
-
News
26 Sep 2016
Emirates Islamic bank and the Muslim finance revolution
The CIO at Dubai-based bank Emirates Islamic tells Computer Weekly how IT is supporting the company through industry change Continue Reading
-
News
19 Sep 2016
Consumers trust banks more than government for biometric security
UK citizens think banks are the best organisations to provide biometric authentication for payments Continue Reading
-
News
13 Sep 2016
Banks and fintech firms respect each other, says HSBC boss
The relationship between banks and fintech companies has sweetened over the past five years with mutual respect evident, says HSBC boss Continue Reading
-
News
13 Sep 2016
DNB and Nordea to merge IT operations for Baltic super bank
Two of the Nordic region’s banks will use joint operations, including IT, to help them grow in the Baltic area Continue Reading
-
News
08 Sep 2016
Insurance brokers count cost of lost business as SSP SaaS platform outage enters second week
SSP confirms to Computer Weekly it has no clear idea when all brokers will be able to continue doing business via its SaaS platform, two weeks on from Solihull datacentre power outage Continue Reading
-
News
08 Sep 2016
Bank IT spending to hit $241bn across four major global regions
IT spending across four major economic regions will increase by around 4% in 2016, but Europe is the least certain Continue Reading
-
Opinion
08 Sep 2016
A new nearshoring game is emerging
Countries selling themselves as nearshore business services locations need to change their sales pitches to avoid becoming like all the other countries doing the same Continue Reading
-
News
07 Sep 2016
Barclays uses blockchain for trade finance transactions
Barclays Bank has successfully tested the use of blockchain technology to complete a large trade finance agreement, which promises huge efficiencies Continue Reading
-
News
05 Sep 2016
Mobile device use feeds card fraud in Asean region
Card fraud is rising in Asean countries, with the high use of mobile devices a contributing factor. Continue Reading
-
News
02 Sep 2016
Banks should avoid customer service robots for a few more years
Banking sector should not use software robots to automate customer services such as chat because consumers expect better service levels when it come to their finances Continue Reading
-
News
30 Aug 2016
Westpac bank launches Databank data protection service
Australia's Westpac bank is offering organisations that share customer data a service that it says securely locks down personal information Continue Reading
-
News
24 Aug 2016
UK second only to US in DDoS attacks
Distributed denial of service attacks on UK organisations have eased from a peak in the fourth quarter of 2015, but the UK remains the world’s second most targeted country Continue Reading
-
News
19 Aug 2016
Expect ransomware arrests soon, says bitcoin tracking firm Chainalysis
Law enforcement organisations are set to ramp up arrests of cyber criminals behind ransomware attacks, according to financial technology startup Chainalysis Continue Reading
-
News
19 Aug 2016
Police arrest woman in connection with Sage data breach
A woman has been arrested on suspicion of fraud in connection with a data breach at accounting software firm Sage Continue Reading
-
News
15 Aug 2016
Financial sector faces era of cyber mega heists
Banks and other financial institutions are threatened by a new breed of elite cyber criminals running professional operations that will use any means to achieve their goals, says Barclays security chief Continue Reading
-
News
09 Aug 2016
PwC Australia uses gamification to teach cyber security lessons
With the number of cyber incidents identified by Australian organisations more than doubling in the past year, PwC is using an online game to give enterprises first-hand experience of what it means to face a cyber attack Continue Reading
-
News
05 Aug 2016
RBS abandons IT project for hiving off 300+ bank branches
RBS has abandoned a project to create an IT platform to support the sell-off of more than 300 bank branches Continue Reading
-
News
05 Aug 2016
Banner Health cyber breach underlines need for faster intrusion detection
A data breach at Banner Health has highlighted the importance of intrusion detection and prompted calls for greater cyber security investment in the increasingly targeted healthcare industry Continue Reading
-
News
04 Aug 2016
Singapore’s DBS Bank signs up to Amazon cloud
The latest move in the cloud journey of DBS bank in Singapore is an agreement with Amazon Web Services Continue Reading
-
News
03 Aug 2016
One in five businesses hit by ransomware are forced to close, study shows
More than half of UK companies have been hit by ransomware in the past year, a study on the impacts of this popular attack method has revealed Continue Reading
-
News
01 Aug 2016
Barclays to use voice recognition for phone banking
Retail bank says technology will provide secure verification by recognising the unique characteristics of each person’s voice Continue Reading
-
News
29 Jul 2016
German digital bank Fidor acquired by French banking giant
Fidor CEO says merger with BPCE will allow challenger to continue its international expansion Continue Reading
-
News
26 Jul 2016
Tel Aviv Stock Exchange centralises functions with ERP
The Tel Aviv Stock Exchange has installed first ever ERP system. CIO Eldad Hershtig explains his strategic choices and implementation path Continue Reading
-
News
21 Jul 2016
Security industry welcomes cyber crime’s inclusion in official stats
The security industry welcomes the inclusion of cyber crime statistic in official crime reports to highlight the size and nature of the threat Continue Reading
-
E-Zine
21 Jul 2016
CW Middle East: July-September 2016
In this issue of CW Middle East, we look at how CIOs in the region are formulating their virtualisation strategies as organisations warm to the benefits of cloud computing. Today, virtualisation in the Middle East has gone beyond a shoddy virtual private network (VPN) installed on a desktop, to more sophisticated cloud-based technologies that are enabling a more mobile, more agile workforce. Read the issue now. Continue Reading
-
E-Zine
19 Jul 2016
Building big ideas in banking
In this issue, we visit JP Morgan’s European software development centre in Glasgow to see how the investment bank is working with local universities and collaborating in the open source community. Software chief Stephen Flaherty talks about how JP Morgan uses open source software and has now begun contributing to open source projects. The bank uses NoSQL and OpenStack technologies and is pushing the limits of Hadoop to power risk applications, enabling it to achieve near real-time risk analysis of a trade. Read the issue now. Continue Reading
-
News
12 Jul 2016
IBM sets up security centre in Canberra
IBM leads the charge as large private businesses invest heavily in security resources across Australia in an attempt to close the security gap Continue Reading
-
Opinion
12 Jul 2016
Was that it? Business as usual for fintechs after Brexit vote
Following the Brexit vote, Fintech Times editor Bird Lovegod describes how financial services IT startups are getting on with business as usual Continue Reading
-
E-Zine
12 Jul 2016
IBM’s Watson gets to work
In this issue we explore the many ways IBM’s Watson has evolved from the machine that bettered humans in US game show Jeopardy! to providing deep analytical insights to solve real-world crises. We also look at how Barclays bank is using DevOps to remain competitive and reveal new research that illustrates why cloud computing is at the heart of business innovation. Read the issue now. Continue Reading
-
News
12 Jul 2016
Standard Chartered takes global delivery network to next level
Bank to invest $3bn in global delivery network, with particular focus on scaling up Malaysian centre Continue Reading
-
News
11 Jul 2016
Visa’s Dubai innovation centre to focus on digital payments
Visa has opened a technology innovation centre in Dubai to focus on cashless payments Continue Reading
-
News
11 Jul 2016
DWP trials blockchain technology for benefit payments
The Department for Work and Pensions (DWP) trials blockchain's distributed ledger technology, with benefit claimants using a mobile app to track welfare payments Continue Reading
-
Feature
08 Jul 2016
CW@50: A history of IT outsourcing
Computer Weekly looks at where and when IT outsourcing was invented and considers the changes the sector has gone through since Continue Reading
-
Feature
05 Jul 2016
Overcoming the scale-up challenge of enterprise DevOps adoption
CIOs and IT leaders share their advice on what enterprises can do to accelerate the spread of DevOps within their organisations Continue Reading
-
News
04 Jul 2016
Thailand’s TMB Bank modernises IT through the cloud
Bank used a move to Office 365 as a starting point for its transformation into a cloud-first organisation Continue Reading
-
News
01 Jul 2016
Barclays banks on agile and DevOps to tackle competitive threats in fintech
Barclays Bank opens up about how increasing competition in the financial services sector has fuelled its 18-month, company-wide campaign to increase its use of agile and DevOps methodologies Continue Reading
-
News
30 Jun 2016
LizardStresser IoT botnet launches 400Gbps DDoS attack
Attack groups using the LizardStresser botnet are exploiting IoT devices to mount massive DDoS attacks without using amplification techniques, say researchers Continue Reading
-
News
28 Jun 2016
Finland’s prisons move to a cashless world
Inmates in Finland’s prisons will no longer need to use cash as a pre-paid card system is rolled out Continue Reading
-
News
27 Jun 2016
Banking IT community faces uncertain Brexit future
The financial services IT community faces a period of uncertainty as finance firms reassess plans following the EU referendum result Continue Reading
-
News
20 Jun 2016
Lower average cost of Australian data breaches is not a sign of comfort
The average cost of a data breach to Australian organisations dropped in 2015, according to research Continue Reading
-
News
17 Jun 2016
Hays Recruitment service desk project is all gain and no pain
The firm was attracted by the many benefits of a cloud-based service desk, but chief among them was the low risk involved in implementation Continue Reading
-
News
14 Jun 2016
Tesco Bank partners with MasterCard to develop digital payments
Tesco’s retail bank has partnered with payment provider MasterCard to give customers more innovative digital payment methods Continue Reading
-
News
13 Jun 2016
Singapore banks adopt voice biometrics for user authentication
Banks in Singapore are rolling out biometric technology to improve customer services by speeding up the authentication process Continue Reading
-
News
08 Jun 2016
Citrix expands in Middle East with first Saudi Arabia office
Citrix is increasing its presence in the Middle East, opening its first office in Saudi Arabia with plans to expand into Qatar and Egypt Continue Reading
-
News
07 Jun 2016
Unlicensed software rife among Asean computer users, says BSA
The Asean region has the highest levels of unlicensed software use, according to the 2016 Global Software Survey from the Business Software Alliance (BSA) Continue Reading
-
News
30 May 2016
Middle East CIO interview: V. Chandrasekar, Standard Chartered
The CIO of Standard Chartered bank in the Middle East tells Computer Weekly about the challenge of keeping customers happy through IT Continue Reading
-
News
26 May 2016
UK government details plans for National Cyber Security Centre
The objectives of the UK’s National Cyber Security Centre are to address systemic vulnerabilities, reduce risks, respond to serious incidents and nurture national cyber security capability Continue Reading
-
News
25 May 2016
A new wave of cyber attacks targets the Middle East’s banks
Hot on the heels of the Qatar National Bank breach comes a campaign employing advanced social engineering techniques Continue Reading
-
News
24 May 2016
Philippines expands tax payments with mobile system
The Philippines tax office is enabling people to access more services via their mobile phones Continue Reading
-
News
19 May 2016
ING Turkey uses digital technology to improve services and grow customer base
Turkish bank uses business process management technology to offer financial services through 1,500 grocery stores, technology outlets and post offices Continue Reading
-
News
16 May 2016
HSBC cuts hundreds of UK IT jobs
HSBC is cutting its UK IT workforce and transferring jobs to lower-cost countries as part of its global delivery strategy Continue Reading
-
News
13 May 2016
Time to shift information security focus away from prevention, says Swiss bank CISO
Organisations need a new approach which recognises security is “breakable”, according to Michael Meli Continue Reading
-
News
13 May 2016
Swift reports another Bangladesh central bank-style cyber attack
Global financial messaging organisation Swift warns of a highly adaptive cyber criminal campaign targeting banks with user credentials to submit transfer requests Continue Reading
-
News
12 May 2016
IAM central to Deutsche Bank’s digital transformation
Deutsche Bank is using a centralised identity and access management (IAM) system and an application program interface (API) architecture for digital transformation Continue Reading
-
E-Zine
12 May 2016
CW Nordics: May 2016
The Nordics is seen as a pioneer of the latest IT. The populations of the region are keen to try out new IT services and it has a large population of IT startups creating them. In banking, for example, the region is pushing the tech boundaries. One of the most overt changes digital technology has brought to people’s lives is how they do their day-to-day banking. Most developed economies are seeing the same trends: bank branches closing; people using cashless payments; and mobile phones becoming the most popular banking tools. But the Nordics could be a pioneer. In this quarter’s issue of CW Nordics, we feature a debate about whether Sweden, the region’s biggest economy, could become the first country in the world to go cashless. Continue Reading
-
News
09 May 2016
Singapore smart city chief delivers vision to the world
The Singapore government minister running the city state's smart nation project tells the world about the country’s smart nation vision Continue Reading
-
News
06 May 2016
Swedbank boosts customer service with a virtual assistant
Nuance Nina will offer basic frontline support for online customers Continue Reading
-
E-Zine
06 May 2016
CW ANZ: May 2016
The Australian payments system is being transformed with mobile banking and programmable tap-to-pay terminals now ubiquitous and a major shake-up of the national payments system underway. It’s clear the country’s biggest banks aren’t afraid of innovation, with investments being made in the financial services digital development trend, known as fintech. But why are Australian banks afraid of Apple Pay, which has been mostly ignored by banks? Continue Reading
-
News
06 May 2016
Ransomware emerges as a top cyber threat to business
Security researchers at Kasperky Lab and FireEye confirm that the upward trend of ransomware is continuing and has emerged as a top threat to business Continue Reading
-
News
05 May 2016
Gulf Air creates private cloud to support open-source big data engine
Airline is using a private cloud and open-source software to enable it to analyse social media and understand what consumers think about it Continue Reading
-
News
04 May 2016
Real-time data helps manage traffic in Philippines
OpenTraffic smart data platform provides free GPS information for better analysis of travel speeds and journey times in Metro Manila and Cebu City Continue Reading