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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E-Zine
15 Dec 2014
MPs give Post Office the cold shoulder
In this week's Computer Weekly we revisit sub-postmaster grievances with the Post Office's IT. Despite years of allegations that the Horizon transaction processing system was at fault for many accounting shortfalls, the Post Office unrelentingly defended it. Read the issue now. Continue Reading
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News
09 Dec 2014
Banks are opening up IT to third parties, as hackathon demonstrates
National Australia Bank (NAB) opened its IT to its internal tech team and independent developers to access innovation Continue Reading
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News
08 Dec 2014
Barclays expands cheque payment technology
Barclays is expanding a pilot to enable a million customers to pay in cheques online by taking a picture of them Continue Reading
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News
07 Dec 2014
Virgin money invests in mobile money firm
Virgin Money has partnered with mobile money provider Monitise to provide customers with mobile banking solutions Continue Reading
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News
03 Dec 2014
UKtech50 2014 - The most influential people in UK IT
Computer Weekly has announced the fifth annual UKtech50, our definitive list of the movers and shakers in UK IT Continue Reading
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News
02 Dec 2014
Danske Bank latest to take offshore IT in-house
Danske Bank is the latest company to transform its offshore IT strategy by setting up a captive centre in India next year Continue Reading
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News
01 Dec 2014
ABN Amro re-signs IBM for 10-year, multibillion-euro IT contract
ABN Amro has extended its multibillion-euro outsourcing deal with IBM by another 10 years Continue Reading
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News
01 Dec 2014
Barclays bank launches mobile video banking
Barclays Bank has launched a 24-hour video banking service that will enable customers to receive face-to-face service from anywhere Continue Reading
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Opinion
26 Nov 2014
Germany and the UK - Europe’s technology pioneers
Stephen Georgiadis, managing director at investment bank Altium, explores the thriving technology sectors in the UK and Germany Continue Reading
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News
24 Nov 2014
Goldman Sachs invests in analytics startup
Investment bank Goldman Sachs has invested in a financial analytics startup as part of a $15m funding round Continue Reading
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News
24 Nov 2014
Finance regulators overlook offshoring in RBS IT failure statements
UK financial services regulators made no mention of the role of offshored IT in the problems that led to the ₤56m fine for RBS Continue Reading
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News
21 Nov 2014
HSBC launches Paym for business
HSBC launches Paym capabilities to allow business customers to receive payments using mobile phone numbers Continue Reading
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News
20 Nov 2014
Former Allied Irish COO to launch iTunes-style bank
Former Allied Irish Bank COO Anne Boden is to create digital bank in 2015, with the aim of changing banking in the same way Apple changed music Continue Reading
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News
20 Nov 2014
Regulators fine Royal Bank of Scotland ₤56m for IT failure
Financial industry regulators fine Royal Bank of Scotland (RBS) for an IT outage in 2012 that left customers unable to access their accounts Continue Reading
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News
18 Nov 2014
Worldpay processes billionth contactless payment
Supermarkets account for most contactless payments as payments company Worldpay processes its billionth contactless payment Continue Reading
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News
13 Nov 2014
UBS move to Oracle HR in the cloud hits big delays
Swiss bank UBS has hit major delays migrating to a cloud-based HR system Continue Reading
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News
05 Nov 2014
CIO interview: Glenn Murphy, London & Capital
Asset-management firm London & Capital shifts its focus to systems that add business value, says CIO Glenn Murphy Continue Reading
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News
04 Nov 2014
Government asks for more information on digital currencies
The government has released a Call for Information to invite views on the benefits and risks of digital currencies Continue Reading
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Photo Story
01 Nov 2014
Inside Kashiwa-no-ha: Hitachi Smart City near Tokyo
Hitachi shares what its Kashiwa-no-ha Smart City looks like near Tokyo, Japan. Continue Reading
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Feature
30 Oct 2014
Currency exchange business Travelex cuts HR costs by 25% with cloud IT systems
Travelex's cloud human resources (HR) project survived a budget overrun to cut costs and job recruitment times Continue Reading
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News
29 Oct 2014
Banks see technology firms as biggest threat, says Infosys
Google, Apple and Facebook the biggest threat to banks as technology firms offer consumers financial services Continue Reading
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News
28 Oct 2014
Lloyds Banking Group confirms 9,000 job cuts and digital investment
Lloyds Banking Group has confirmed it will cut 9000 jobs and close around 150 branches to focus more on its digital strategy Continue Reading
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News
23 Oct 2014
Finance IT group wants to push forward banks' cloud discussion
The Banking Industry Architecture Network (Bian) calls on industry to decide on the core banking systems to move to cloud platforms and share Continue Reading
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News
22 Oct 2014
Firms lack technology for workforce of the future
European businesses will rely increasingly on freelance, geographically dispersed employees as they vie to attract the top skills to their organisations over the next 5 years. Continue Reading
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News
22 Oct 2014
EMC buys out Cisco’s stakes in VCE as year-on-year revenue jumps 9%
Storage giant EMC has reported a 9% increase year on year for the third quarter of 2014, thanks to revenue rises across its divisions Continue Reading
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Feature
22 Oct 2014
Social media for communication inside the enterprise
Companies have long used social media technology such as Facebook and Twitter to reach more customers – but how are businesses using it internally? Continue Reading
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News
08 Oct 2014
Malware being used to steal cash from ATMs
Criminals are using malware to steal cash from ATMs without debit and credit cards Continue Reading
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News
06 Oct 2014
Barclays concludes first round of fintech accelerator
Barclays has finished the first round of its financial services technology (fintech) startup accelerator, following a demo day Continue Reading
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News
02 Oct 2014
DDN launches scale-out NAS GS7K GPFS product bundle
DataDirect Networks launches the GS7K, a pre-configured GPFS scale-out NAS/parallel file system storage product Continue Reading
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News
26 Sep 2014
Visa loses mobility director to Apple
Mary Carol Harris, former director of mobile for Visa Europe, has left the firm to take up a position at Apple Continue Reading
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News
24 Sep 2014
Lloyds creates online appointment booking in attempt to save branches
Lloyds Bank has introduced a system which allows customers to book in-branch appointments online Continue Reading
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News
23 Sep 2014
UKtech50 2014 - help us choose the 50 most influential people in UK IT
Computer Weekly is launching the fifth annual UKtech50, our definitive list of the movers and shakers in UK IT - tell us your nominations Continue Reading
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News
18 Sep 2014
Customer loyalty biggest challenge for banks
Banks have cited customer loyalty as their main concern, according to a survey by financial services firm Temenos Continue Reading
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News
08 Sep 2014
Ransomware on the rise, warns cyber threat report
The first half of 2014 saw an increase in online attacks that lock up user data and hold it for ransom, reports F-Secure Labs Continue Reading
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News
05 Sep 2014
Barclays bank launches biometric authentication
Barclays bank plans to launch biometric readers that read users' finger veins to authenticate customers Continue Reading
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News
02 Sep 2014
Locking Russia out of Swift "unlikely and complicated", says analyst
A senior analyst at Celent has said cutting off Russia from Swift is unlikely to be effective Continue Reading
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News
01 Sep 2014
UK wants Russia blocked from using financial messaging system
The UK is pushing for a ban on Russian businesses using the Society for Worldwide Interbank Financial Telecommunication (Swift) network as a sanction in reaction Russia’s role in the current crisis in Ukraine. Continue Reading
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News
28 Aug 2014
Former bank chief launches financial trading app
A trading social network on Apple’s App Store hopes to attract more than 100,000 consumer traders as members by the end of 2014 Continue Reading
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News
28 Aug 2014
Spanish bank spends €500m on contactless ATMs
CaixaBank has commissioned Fujitsu to build 8,500 ATMs that will be contactless Continue Reading
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News
19 Aug 2014
Banks slow to change despite growing competition
The banking sector faces major challenges in transforming IT to meet the digital needs of customers Continue Reading
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News
04 Aug 2014
Contactless payments continue to rise
Contactless transactions have increased by 189% since May 2013, according to Visa Europe. Continue Reading
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News
01 Aug 2014
Fingerprint scanners most popular alternative to banking passwords
Fingerprint scanning technology is the most favoured biometric security alternative to passwords for UK bank customers Continue Reading
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News
25 Jul 2014
Bank of America: When software relationships turn sour
Tibco has filed a lawsuit alleging the Merrill Lynch division of Bank of America illegally used $300m of its software for a major IT project Continue Reading
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News
17 Jul 2014
System for seven-day bank account switching underused
The IT system that underpins government’s regulation of seven-day bank account switching is being underused Continue Reading
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News
16 Jul 2014
Total internet failure: are you prepared?
A total internet failure could stop any business in its tracks, yet few are preparing for this possibility, KPMG has warned Continue Reading
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News
14 Jul 2014
Info sharing key to cyber defence, says financial services firm
Threat information sharing is key to success in combating cyber attacks, says the Depository Trust and Clearing Corporation Continue Reading
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News
10 Jul 2014
UK leads international partnership to fight financial malware
The UK National Crime Agency is leading international collaboration between law enforcement and the private sector to fight bank theft malware Continue Reading
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News
10 Jul 2014
Finance watchdog to investigate colocation services
The Financial Conduct Authority (FCA) is investigating colocation services Continue Reading
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News
09 Jul 2014
Why using voice biometrics is a good idea
Banks and other organisations are turning to voice biometrics, but why do they believe the technology is good idea? Continue Reading
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News
07 Jul 2014
Smart light bulbs get security update
Smart light bulb maker LIFX has issued a firmware update after security researchers exposed a security weakness Continue Reading
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News
04 Jul 2014
Barclays passes government’s ‘internet-born threat’ test
Barclays Bank has been awarded the government’s cyber security certificate for digital banking services after independent tests of services such as Pingit Continue Reading
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News
04 Jul 2014
Security Think Tank: The dos and don’ts of a good incident response plan
What does a good information security incident response plan look like? Continue Reading
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News
03 Jul 2014
Facebook apologises over psychological experiments
Facebook has apologised over the controversial psychological experiments carried out on 689,000 users without their consent in 2012 Continue Reading
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News
01 Jul 2014
Industrial control systems increasingly under attack, says Kaspersky
Targeted attacks on industrial control systems take place on a regular and increasing basis, says Kaspersky Lab Continue Reading
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News
30 Jun 2014
Facebook under fire over secret experiment on users
Facebook has come under fire for conducting a psychology experiment on 689,000 users without their consent Continue Reading
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News
27 Jun 2014
Wearable tech must comply with privacy laws, warns ICO
Wearable technology must comply with UK data privacy laws, warns the ICO Continue Reading
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News
27 Jun 2014
Google begins complying with European takedown requests
Google has begun removing search results in response to takedown requests from European citizens Continue Reading
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News
17 Jun 2014
IFDS integrates UK and India service centres
International Financial Data Services has implemented software to balance workloads across UK and Indian delivery centres Continue Reading
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News
17 Jun 2014
Domino’s breach underlines value of personal data, say experts
The latest cyber breach to hit a high-profile brand underlines the high value of personal data, say security experts Continue Reading
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News
16 Jun 2014
Technology key to secure document future, says UK Home Office
Physical security is just as important as digital security in documents such as passports, says UK Home Office Continue Reading
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News
16 Jun 2014
Microsoft admits running out of IP addresses for Azure
Microsoft has assured US Azure customers data remains in the US, despite running out of US-registered IP addresses at times Continue Reading
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News
12 Jun 2014
HSBC makes executives responsible for application consolidation
In the next few weeks, senior executives at HSBC globally will have KPIs to reduce the number of applications they run Continue Reading
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News
11 Jun 2014
Tesco Bank launches current account on off-the-shelf platform
Tesco has launched a current account four years after implementing its core banking platform Continue Reading
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News
11 Jun 2014
EE drives mobile phone deals with CRM software implementation
Mobile phone operator Everything Everywhere claims a 400% increase in phone deals after rolling out customer relationship management software Continue Reading
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News
09 Jun 2014
Turing Test 2014 marks historic milestone in artificial intelligence
A computer program has made history by passing the artificial intelligence test set by computer science pioneer Alan Turing Continue Reading
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News
06 Jun 2014
Microsoft retaliates to China’s Windows 8 spying claims
Microsoft has launched a social media campaign against China’s claims that Windows 8 is being used for US spying Continue Reading
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News
05 Jun 2014
CIOs should 'leave innovation to marketing'
CIOs should focus on managing the technical infrastructure and leave innovation to other parts of the business – conclusion of a major study. Continue Reading
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News
02 Jun 2014
Cyber threats hiding in plain sight, says Palo Alto Networks
Cyber attackers exploit commonly used business applications to bypass security controls, research shows Continue Reading
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News
30 May 2014
UK shoe retailer Office hit by data breach
Data breach at UK shoe retailer Office prompts calls for online firms to beef up security around customer details Continue Reading
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News
30 May 2014
IT supplier insolvencies fall for first time as economy recovers
Technology companies have reached a turning point as insolvencies fall for the first time in 2014 Continue Reading
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News
30 May 2014
Google launches right-to-be-forgotten application form
Google has introduced an online application form for Europeans who want personal data to be removed from online search results Continue Reading
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News
28 May 2014
CIO interview: Ian Cohen, CIO, Jardine Lloyd Thompson
Running a programme to transform the business is the wrong way to go about change, according to Ian Cohen, CIO at insurance broker JLT Continue Reading
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Feature
28 May 2014
Principles of compliance in the financial services industry
Compliance in financial services can appear a staggeringly complex web of laws and regulations, but some key principles apply, says Mathieu Gorge of Vigitrust Continue Reading
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News
27 May 2014
Android Outlook app has privacy issues, warn researchers
Microsoft’s Outlook.com app for Android is exposing users' data, warn security researchers Continue Reading
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News
23 May 2014
eBay under fire over handling of data breach
eBay is coming under increasing criticism over its handling of the data breach that exposed millions of user records Continue Reading
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News
22 May 2014
Case study: Bank of America and Nationwide use in-branch telepresence
Bank of America and Nationwide implement video conferencing technology to enable customers to speak to banking specialists Continue Reading
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News
21 May 2014
Tablet banking to quickly overtake mobile banking
The number of people in Europe banking on tablets will grow at twice the rate of those on mobile phones, with security concerns not a major driver Continue Reading
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News
20 May 2014
US cyber criminal jailed for 20 years
US authorities have jailed a cyber criminal for 20 years, for trading in stolen credit cards and identities Continue Reading
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News
16 May 2014
Internet of things security is relevant to business, says researcher
Internet of things is relevant to enterprise information security professionals, says researcher Continue Reading
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News
16 May 2014
Minnesota passes mobile kill switch law to stop theft
Minnesota has become the first US state to introduce legislation aimed at reducing the theft of smartphones Continue Reading
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News
16 May 2014
Net neutrality under threat from US plan
The US telecoms regulator has approved proposals that opponents believe will quash the principle of net neutrality Continue Reading
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News
09 May 2014
Orange data breach underlines need for encryption, say experts
The theft of 1.3 million customer records from Orange, France underlines the need for encryption, say experts Continue Reading
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News
08 May 2014
Internet privacy could thwart data security, warns expert
Steps to improve online privacy could thwart data security, warns security expert Hugh Thompson Continue Reading
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E-Zine
06 May 2014
The problems of legacy IT in banking
In this week’s Computer Weekly, as problems caused by legacy IT in banks become increasingly critical, we assess the difficulties in updating banking systems. After the Windows XP support issues – we look at a similar problem facing Oracle users. And we take an in-depth look at managing corporate networks to enable mobile IT. Read the issue now. Continue Reading
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News
01 May 2014
Co-operative Bank report reveals challenge of legacy IT replacement
A report into the £1.5bn losses at Co-operative Bank reveals numerous failures in a project to replace core banking systems Continue Reading
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News
30 Apr 2014
Infosec 2014: Threat knowledge is key to cyber security, say experts
Business should improve awareness of cyber risks to stay ahead of criminals, say experts Continue Reading
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News
30 Apr 2014
Software developers suffer as IT companies endure rising insolvencies
Increase in the number of IT insolvencies expected as the economy improves Continue Reading
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News
29 Apr 2014
UK and Ireland cyber attacks up 300% in 2013, says FireEye
UK and Ireland enterprises were hit by an average of more than 70 new infections a day in 2013, a report shows Continue Reading
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News
25 Apr 2014
Cyber threat detection paramount, says SANS fellow
Cyber threat prevention is ideal, but detection is a must, says Eric Cole, SANS Institute fellow Continue Reading
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News
25 Apr 2014
Heartbleed prompts tech firms to pledge open-source support
Top tech firms have joined forces to support open-source software to help prevent future bugs like Heartbleed Continue Reading
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News
24 Apr 2014
Facebook reports strong quarter driven by mobile ads
Facebook has beaten analyst expectations with first-quarter profits of $642m and revenues of $2.5bn, up 72% Continue Reading
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News
11 Apr 2014
Co-op Bank plans to 'fix the fundamentals' and invest in IT
The Co-operative Bank intends to invest in IT systems following a troubled year Continue Reading
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News
11 Apr 2014
Microsoft halts Windows 8.1 update for businesses due to bug
Microsoft has suspended the Windows 8.1 update for business users because of a bug. Continue Reading
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News
10 Apr 2014
TCG releases TPM 2 specification for improved security
The Trusted Computing Group has published an updated specification for the Trusted Platform Module Continue Reading
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News
08 Apr 2014
Workday sees opportunity for cloud financial management in Europe
Workday plans to push cloud finance and accounting services to enterprise in Europe, but observers say its background in HR technology may prove an obstacle Continue Reading
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News
03 Apr 2014
RBS IT head Mike Errington retires
Royal Bank of Scotland (RBS) IT head Mike "Offshore Errington" is to retire after months of speculation during the bank's cost-cutting operation Continue Reading
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News
02 Apr 2014
Study alleges deeper NSA influence on RSA
RSA adopted a second NSA-developed encryption tool, increasing the agency's spying capabilities, a study claims Continue Reading
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News
01 Apr 2014
UK update to copyright law imminent
The UK is to update its 1988 copyright law for the digital age in line with a nearly three-year-old review Continue Reading
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News
28 Mar 2014
Google says government data requests are up 120% since 2009
Government requests for information about Google customers, have increased by 120% since 2009 Continue Reading
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News
27 Mar 2014
Security an unnecessary expense, say one in six techies
One in six IT professionals see security as an unnecessary expense, a study has revealed Continue Reading