IT for financial services
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News
15 Jan 2024
Santander bank added 4,500 tech staff last year
Santander added thousands of IT staff to its global operation last year, as part of its digital transformation Continue Reading
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News
03 Jan 2024
Artificial intelligence to the front in Sweden’s National Technology Strategy
Sweden focuses in on artificial intelligence in its latest far-reaching national IT strategy Continue Reading
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News
05 Aug 2015
Court rules Tata Consultancy Services did not discriminate against UK man
After a year of legal wranglings, a UK tribunal has ruled that Indian IT service provider TCS did not discriminate against a UK man seeking employment with it Continue Reading
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News
04 Aug 2015
Outsourcing hits record levels in Europe
Outsourcing activity in Europe recovers after a lull in the lead up to the UK general election, with more contracts than ever before Continue Reading
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E-Zine
04 Aug 2015
Cyber risks hit the road
In this week's Computer Weekly, after hackers took remote control of a Jeep Cherokee, we assess the security concerns for internet-connected cars. With the growth of digital banking, is there a need for high-street branches anymore? And we examine whether email overload is hindering the UK's economic productivity. Read the issue now. Continue Reading
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E-Zine
28 Jul 2015
Taking a classic brand into the digital age
In this week's Computer Weekly, we find out how Hornby, the iconic model railway company that also owns Scalextric and Airfix, is moving these classic brands into the digital age. With the release of Windows 10, we ask if businesses should upgrade. And our buyer's guide looks at managing software-as-a-service (SaaS) providers. Read the issue now. Continue Reading
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News
24 Jul 2015
Contactless card fraud highlights need for 2FA
A Which? report on contactless card fraud highlights the need for multi-factor authentication for payments, say security experts Continue Reading
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News
21 Jul 2015
Information security governance maturing, says Gartner
Increasing awareness of the impact of digital business risks, coupled with high levels of publicity regarding cyber security incidents, is making IT risk a board-level issue, says Gartner Continue Reading
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News
21 Jul 2015
Mainframe fails to save IBM from 13th declining quarter
IBM's second-quarter revenue was down 13% year-on-year to $20.8bn, but IBM said the decline is only 1%, adjusting for the sale of its x86 server business and the impact of the strong dollar Continue Reading
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News
15 Jul 2015
The obstacles to software-as-a-service adoption in banking
Security tops the reasons why banks don't use software as a service for banking-specific applications Continue Reading
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News
14 Jul 2015
Banker’s startup experience feathers the nest for Starling Bank
Starling Bank founder Anne Boden relates how her time with startups outside traditional banking convinced her to build a digital bank from scratch Continue Reading
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News
14 Jul 2015
Symantec bets on simplicity, cloud and mobile
Symantec is not trying to be all things to all people, but is instead focusing on threats and protecting information in the mobile and cloud environments Continue Reading
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News
08 Jul 2015
Symantec uncovers Morpho cyber espionage operation
A cyber espionage group has targeted high-profile technology, internet, commodities and pharmaceutical companies in the US, Europe and Canada, reports Symantec Continue Reading
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News
08 Jul 2015
MtGox chief Mark Karpeles arrested for fraud
Former chief Mark Karpeles is under arrest on suspicion of $1m fraud and involvement in the disappearance of 650,000 bitcoins Continue Reading
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E-Zine
07 Jul 2015
CW Europe – July 2015 Edition
The economy in central and eastern Europe (CEE) is starting to recover, which means investment in IT across the region is also starting to return. This issue of CW Europe investigates how the boost in IT is changing the role of the CIO, from supporting the business to driving its growth. Continue Reading
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News
07 Jul 2015
Barclays expands cheque imaging service
Barclays extends the ability to pay cheques into accounts via a smartphone to more customers Continue Reading
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E-Zine
29 Jun 2015
The legacy IT challenge for CIOs
In this week’s Computer Weekly, CIOs in financial services hoping to fight off challenger banks face a huge hindrance from their legacy IT – we assess the difficulties and reveal a diagram that shows the scale of the problem. We look at how to prepare for information security audits and why they are so vital. And we ask if HM Revenue & Customs’ plan for online tax accounts will make tax more taxing for the digitally excluded taxpayer. Read the issue now. Continue Reading
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News
26 Jun 2015
Norway’s DNB was inspired by Danish bank for new app
DNB in Norway has taken inspiration from Danske Bank in Denmark when creating its latest payment app. Continue Reading
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News
19 Jun 2015
Legacy systems holding back 90% of businesses
Most businesses are being held back from making digital advances by their reliance on legacy applications Continue Reading
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News
18 Jun 2015
The diagram that scares the next generation of banking IT professionals
The next generation of IT professionals in the banking sector will face the same legacy headache as their predecessors Continue Reading
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News
17 Jun 2015
Royal Bank of Scotland goes back to 1970s values with big data
RBS, once the world's largest bank, is using analytics technology to go back to the era of personal customer service Continue Reading
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News
17 Jun 2015
DD4B cyber extortion gang ramps up operations
Cyber criminals using DDoS attacks to extort funds from victims are carrying out more attacks despite a $26,000 bounty Continue Reading
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News
12 Jun 2015
Government preparing to let private sector companies use its Verify identity scheme
The Cabinet Office is talking to banks, insurers and retailers to establish Gov.uk Verify identity assurance as a national scheme Continue Reading
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News
10 Jun 2015
International police operation arrests cyber fraud gang
Police in six countries have arrested 49 people suspected of committing financial fraud involving email account intrusions Continue Reading
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News
10 Jun 2015
Nationwide quick off the mark with Apple Watch banking app
Nationwide claims to be the first high street finance firm to offer an Apple Watch app Continue Reading
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News
05 Jun 2015
Potential Apple Pay security weakness revealed
Fraudsters could gain access to personal details of Apple Pay users, research reveals Continue Reading
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News
03 Jun 2015
Sourcing must adapt to digital business goals, says Gartner
Businesses need to change their sourcing strategies if they are to keep pace with the digital revolution, says analyst organisation Gartner Continue Reading
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News
29 May 2015
Top six enterprise IT priorities in the Nordics
The future of enterprise IT looks bright in the Nordic region, with growing focus on datacentre investments, national cloud and automatisation Continue Reading
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News
27 May 2015
Social engineering attacks more complex than ever, says expert
Expert warns attackers are starting to use increasingly sophisticated ways to get people in organisations to help them circumvent security controls Continue Reading
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News
19 May 2015
St Louis Federal Reserve Bank not target of DNS hack, say experts
The hacking of a domain name server (DNS) for the Federal Reserve Bank of St Louis is more likely to be aimed at customers than the bank itself, say security experts Continue Reading
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News
18 May 2015
Barclays adds extra security through domain name switch
Barclays Bank and Barclaycard are moving away from using .com and .co.uk domain names in a move that will add extra security for customers Continue Reading
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News
12 May 2015
Global banking IT group completes standardised IT architecture
The Banking Industry Architecture Network (Bian) has announced its standardised global IT architecture for banks Continue Reading
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News
11 May 2015
Santander launches 'Boris bike' app
Santander has released an app that allows people to book a 'Boris bike' via their mobile phone Continue Reading
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News
11 May 2015
Wearable technology to transform laggards in insurance industry
Wearable and other smart technologies set to transform the insurance industry in the next three to five years Continue Reading
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News
08 May 2015
Use of Halifax mobile banking app doubles
Halifax customers logged into their bank accounts 40 million times in March 2015, double the amount in the same month in 2014 Continue Reading
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News
06 May 2015
EU revamp of payment services draws nearer
The EU cannot afford to continue with costly payment services if it wants to be globally competitive, says MEP Continue Reading
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News
29 Apr 2015
Time to embrace a new level of IAM, says Martin Kuppinger
A new level of identity and access management is at hand, yet many businesses still rely on usernames and passwords Continue Reading
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News
29 Apr 2015
Nordea Bank announces digital hire and Apple Watch app
Nordea Bank hires expertise to strengthen its digital banking team and promotes its digital ambitions with an app for the Apple Watch Continue Reading
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News
27 Apr 2015
Captive IT centre boosts competitiveness at Danske Bank in Denmark
In 2014, Denmark's Danske Bank announced plans for its own captive centre in Bangalore and is now finalising the move to in-house IT delivery Continue Reading
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E-Zine
24 Apr 2015
The National Trust's great IT renovation
In this week's Computer Weekly, we talk to the CIO of the National Trust, Sarah Flannigan, about her £40m IT strategy to transform one of the UK's favourite charities. We examine best practice in how to set up applications on Amazon Web Services. And we talk to a UK challenger bank about how technology will shake up the sector. Read the issue now. Continue Reading
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News
24 Apr 2015
Poor customer engagement at banks opens door to competitors
Customer experience levels at banks have failed to improve for the second year in a row and customers are more likely than ever to leave their bank Continue Reading
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News
24 Apr 2015
Changing IT trends power banking in Norway
Norway's banking system is undergoing a seismic shift in technology as the country aims for a fully digitised society Continue Reading
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News
23 Apr 2015
Mobile malware overhyped, says security company Damballa
Mobile internet users are 1.3 times more likely to get struck by lightning than infected by mobile malware, research by security firm Damballa finds Continue Reading
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News
22 Apr 2015
Zurich Insurance turns to augmented reality to train 10,000 managers
The £74bn turnover company aims to harness the capabilities of augmented reality to train 10,000 employees in 170 countries Continue Reading
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News
22 Apr 2015
HSBC website mistake guides customers to porn
HSBC’s Hong Kong website accidentally featured an out-of-date link that directed people to a porn site Continue Reading
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News
22 Apr 2015
Nationwide extends video link service to 100 more branches
Nationwide Building Society has expanded the use of video conferencing equipment for customer consultations Continue Reading
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News
21 Apr 2015
SAP core banking platform will ease Deutsche Bank split following strategic retail review
Deutsche Bank plans a major IT project as strategic review advises spinning off its retail operations – but its SAP platform will ease the split Continue Reading
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News
15 Apr 2015
NCR promises 40% annual savings with thin-client cash machines
NCR has developed smart thin client cash machines to replacing ageing Windows XP-based ATMs Continue Reading
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News
15 Apr 2015
Liberal Democrats promise to double innovation spend and 99.9% broadband roll-out
The Liberal Democrats’ general election manifesto promises to double innovation spending and roll out high-speed broadband to 99.9% of homes Continue Reading
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News
15 Apr 2015
Banks hide cyber crime losses, says City of London Police
Banks obscure the amount of money lost to cyber fraudsters – preferring to write off cyber theft as operating losses – says the City of London Police Continue Reading
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News
14 Apr 2015
Security risk potential linked to young, mobile users
A study conducted by wireless supplier Aruba Networks has identified a distinct cohort of high-risk, security-agnostic workers Continue Reading
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News
14 Apr 2015
Lintel bank steers clear of traditional bank IT development
Lintel Bank applies for a UK banking licence and plans to join a growing number of new banks taking on the high street incumbents Continue Reading
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News
08 Apr 2015
Juniper Networks goes after finance market with switch-integrated compute
Juniper launches a compact compute-integrated network switch to boost performance of sensitive applications for financial institutions Continue Reading
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News
01 Apr 2015
'Bored' RBS investment chairman Rory Cullinan resigns after daughter's Snapchat message goes public
Royal Bank of Scotland’s investment bank chairman Rory Cullinan leaves after a Snapchat message to his daughter appeared in Instagram Continue Reading
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News
31 Mar 2015
Vodafone adds banking capability to mobile wallet
Mobile operator Vodafone is enabling its customers to add banking functionality to their Vodafone Wallets Continue Reading
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News
31 Mar 2015
IT is more important than marketing for banks
IT spending will grow at the expense of other areas such as marketing as optimism in financial services increases Continue Reading
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News
31 Mar 2015
DDoS losses potentially £100k an hour, survey shows
DDoS attacks could expose 40% of businesses to losses of £100,000 or more an hour at peak times, a survey shows Continue Reading
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News
26 Mar 2015
UK attacks on crypto keys and digital certificates endemic
All UK security professionals polled in a global survey have responded to attacks on keys and certificates in past two years Continue Reading
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News
25 Mar 2015
Santander launches ISA mobile app
Spanish banking giant Santander launches a mobile app to help consumers navigate the ISA market Continue Reading
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News
25 Mar 2015
Identity fraud still top UK fraud threat
Identity fraud continues to be the single biggest fraud threat, according to the latest report by UK fraud prevention service Cifas Continue Reading
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News
25 Mar 2015
Monitise no longer up for sale
Mobile banking software company Monitise to continue as an independent company rather than seek to be taken over Continue Reading
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News
24 Mar 2015
Dutch bank ING puts HR services in the cloud
Finance company ING is using cloud-based software from ServiceNow to deliver HR services to its 25,000 staff in the Netherlands Continue Reading
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News
23 Mar 2015
Women have a big part to play in the future of the fintech industry
International Women’s Day sparks debate around the lack of females holding board-level positions in the fintech sector and elsewhere Continue Reading
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News
23 Mar 2015
Sabadell to migrate TSB IT to proprietary banking platform with £450m sweetener
Spanish bank Sabadell will move TSB IT systems to its own in-house core banking platform Continue Reading
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News
19 Mar 2015
Current account comparison from Gocompare announced in Budget 2015
The government used the Budget to announce changes in the banking sector that will increase consumer and business choice Continue Reading
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News
13 Mar 2015
Lookout bets on big data analytics to secure enterprise mobiles
Mobile security SaaS provider Lookout is betting on its cloud-based big data analytics capability to attract enterprise customers Continue Reading
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News
13 Mar 2015
IBM could create blockchain-based digital payments infrastructure for central banks
IBM has held informal talks with some central banks about building an infrastructure that can provide them with bitcoin-like digital payments systems Continue Reading
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News
09 Mar 2015
HSBC names replacement CIO for investment bank
HSBC has named the replacement for the departing CIO of its global banking and markets division, with an internal promotion filling the gap Continue Reading
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05 Mar 2015
HSBC seeks new investment banking CIO as Sumeet Chabria leaves
HSBC is looking for a new IT head in its investment banking arm after Sumeet Chabria decided to leave after 21 years at the bank Continue Reading
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News
04 Mar 2015
Latest new UK bank launches virtually
Challenger financial services firm Charter Savings Bank has been launched, taking advantage of the lower cost of a virtual presence Continue Reading
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News
27 Feb 2015
Google to launch Android Pay
Google is expected to launch a payments application programming interface at its I/O conference in May Continue Reading
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26 Feb 2015
Bank of England considers issuing digital currency
The Bank of England could issue its own digital currency in the future, in the same way that it does with bank notes Continue Reading
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17 Feb 2015
IBM and Oracle named as potential Monitise buyers
IBM and Oracle have emerged as potential candidates to take over British mobile software company Monitise Continue Reading
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News
16 Feb 2015
MasterCard to pilot facial, voice and fingerprint authentication
MasterCard will pilot a biometric authentication and verification tool this year as part of cyber security technology investment Continue Reading
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16 Feb 2015
$1bn cyber heist underlines need for detection, say security experts
The theft of up to $1bn from financial institutions in a daring cyber crime operation underlines the need for monitoring, say security experts Continue Reading
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13 Feb 2015
Lloyds Bank launches smartwatch service
Lloyds Bank will send offers to its mobile banking customers direct to their smartwatches Continue Reading
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11 Feb 2015
Lloyds Bank accepts ID documents uploaded on social media
Lloyds Bank group customers can upload identification documents on technology used in social media, reducing the need to visit a branch Continue Reading
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News
10 Feb 2015
Why peer-to-peer lending is such a threat to banks
Consumer trust for finance firms has never been high, and since the financial turmoil at the end of the previous decade it has reached rock bottom Continue Reading
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06 Feb 2015
Former Lloyds bank and Barclays CIO Darryl West joins HSBC
HSBC has appointed Darryl West, who left Barclays in December, as CIO Continue Reading
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06 Feb 2015
Sweeping trend towards digital banking forces RBS branch closures
Royal Bank of Scotland "taken aback" by ever-increasing take-up of digital banking and announces additional branch closures across UK Continue Reading
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05 Feb 2015
Experiment proves banks cannot take digital first for granted
Experiment finds majority of banking customers do not fully understand online statements Continue Reading
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04 Feb 2015
Tesco Bank suffers computer problems
Tesco Bank customers are the latest to suffer as a result of IT problems Continue Reading
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02 Feb 2015
Former Capital One data analysts charged with mining customer data
US financial services regulator SEC charges two former employees of financial services firm Capital One with insider trading Continue Reading
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29 Jan 2015
Lack of banking app functionality deters users more than security fears
More people are choosing not to use banking apps because of a lack of functionality than those deciding not to because of security fears, according to a survey Continue Reading
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27 Jan 2015
Halifax launches online banking for children
Halifax has launched an online banking service aimed at helping 11 to 15-year-olds better manage their money Continue Reading
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23 Jan 2015
Mobile banking will help the poor transform their lives, says Gates Foundation
Mobile banking can help the poor change their lives and two billion people who don’t have bank accounts store money by phone by 2030 Continue Reading
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21 Jan 2015
Case study: Hedge fund AHL Man Group uses MongoDB to feed quants with data
Hedge fund AHL Man Group replaces disparate relational databases with a single data platform built on NoSQL database MongoDB Continue Reading
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21 Jan 2015
Six challenger banks using IT to shake up UK retail banking
The retail banking sector is going through a period of regulation-driven change and IT is playing a key role Continue Reading
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20 Jan 2015
Younger users prefer biometrics to passwords
Younger bank customers would rather use biometrics than PINs and passwords for security, according to Visa Europe Continue Reading
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19 Jan 2015
Google to buy Softcard in latest round of financial services empire building
Google is in talks to acquire mobile phone payments system Softcard as it increases its financial services capabilities Continue Reading
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16 Jan 2015
Barclays creates role to lead transformations
Barclays Bank has appointed a group chief operating officer (COO) to lead it through transformations, including major IT investments Continue Reading
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15 Jan 2015
Barclays bank launches kids' coding site
Barclays bank launches a coding app for children and offers weekly classes to increase its credentials in IT-based service provision Continue Reading
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13 Jan 2015
Atom Bank could be first real threat to traditional banks
Digital-only bank could be the first real challenge to high street banks if it turns its low-cost operating advantage into better rates for customers Continue Reading
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12 Jan 2015
Services provider Tech Mahindra adds banking IT expertise to its portfolio
Indian IT services supplier Tech Mahindra adds consultancy skills and gains finance customers after buying banking services firm Sofgen Continue Reading
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08 Jan 2015
Sainsbury's Bank IT system problems a warning to new banks
Sainsbury's Bank has experienced IT problems that left customers unable to use their credit cards for a day Continue Reading
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07 Jan 2015
Alibaba bank and WeBank show Google and Facebook the way
Technology can drive traditional banks to reform, says Chinese premier Li Keqiang at the launch of China’s first online-only bank Continue Reading
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06 Jan 2015
Online money transfer provider Xoom suffers multimillion-dollar fraud
Digital money transfer provider Xoom has admitted to suffering a $30.8m loss at the hands of fraudsters Continue Reading
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06 Jan 2015
Cool and funky bank to launch in UK soon
The UK launch of a web 2.0 and social media-based bank in the UK is imminent as Germany’s Fidor Bank applies for UK licence Continue Reading
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05 Jan 2015
Deal between RBS and CA over IT failure will remain secret
The details of the financial settlement between RBS and CA Technologies in relation to a massive IT failure will remain secret Continue Reading
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22 Dec 2014
Top 10 CIO interviews of 2014
The top technology chiefs in the UK shared their opinions and experiences of modern IT leadership Continue Reading
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19 Dec 2014
Digital technology to open up core banking market
The challenges of digital banking will open core banking software market to more suppliers as banks attempt to keep up Continue Reading
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17 Dec 2014
Fears over the IT security of new banks are overblown
Challenger banks such as PayPal are perceived to be less secure than traditional banks when protecting personal data. But is this the case? Continue Reading