IT for financial services
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News
30 May 2025
Tech adaptability helps Zopa unwrap current account and test generative AI
Zopa Bank’s current account, already used by thousands of existing customers, will be made available to the wider public before end of 2025 Continue Reading
By- Karl Flinders, Chief reporter and senior editor EMEA
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Feature
30 May 2025
How cyber security professionals are leveraging AWS tools
It’s now essential for IT security teams to have oversight of cloud computing, and AWS offers a plethora of tools to make managing it easier. Find out how cyber pros are using them in the wild Continue Reading
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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
By- Clare McDonald, Business Editor
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Clare McDonald, Business Editor
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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
By- Bryan Glick, Editor in chief
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Cliff Saran, Managing Editor
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Stephen Georgiadis
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Clare McDonald, Business Editor
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Caroline Baldwin, Freelance editor and journalist
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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
By- Kayleigh Bateman, Computer Weekly
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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
By- Bill Goodwin, Computer Weekly
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Clare McDonald, Business Editor
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Bill Goodwin, Computer Weekly
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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
By- Archana Venkatraman, Datacentre Editor
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Clare McDonald, Business Editor
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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
By- Clare McDonald, Business Editor
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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
By- Clare McDonald, Business Editor
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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
By- Bryan Glick, Editor in chief
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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
By- Clare McDonald, Business Editor
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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
By- Warwick Ashford, Senior analyst
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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
By- Clare McDonald, Business Editor
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Clare McDonald, Business Editor
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Cliff Saran, Managing Editor
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Tim Holman, 2-sec
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Cliff Saran, Managing Editor
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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
By- Bill Goodwin, Computer Weekly
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Bill Goodwin, Computer Weekly
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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
By- Warwick Ashford, Senior analyst
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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
By- Tim Wood and Henry Kirby
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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
By- Warwick Ashford, Senior analyst
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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
By- Cliff Saran, Managing Editor
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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
By- Antony Adshead, Storage Editor
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Caroline Baldwin, Freelance editor and journalist
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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
By- Karl Flinders, Chief reporter and senior editor EMEA
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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