IT for financial services
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News
30 Jul 2025
AI-enabled security pushes down breach costs for UK organisations
Organisations that are incorporating AI and automation into their cyber security practice are seeing improved outcomes when incidents occur, according to an IBM study Continue Reading
By- Alex Scroxton, Security Editor
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News
29 Jul 2025
Global cyber spend will top $200bn this year, says Gartner
Worldwide spending on cyber security will hit another record high in 2025, and will go higher still next year Continue Reading
By- Alex Scroxton, Security 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, Investigations Editor
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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, Investigations Editor
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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
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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
By- Warwick Ashford, Senior analyst
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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
By- Tim Wood and Henry Kirby
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Caroline Baldwin, Freelance editor and journalist
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Bill Goodwin, Investigations Editor
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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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
By- Warwick Ashford, Senior analyst
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Feature
25 Mar 2014
Target data breach: Why UK business needs to pay attention
Late last year, US retailer Target was hit by one of the biggest data breaches in the industry's history. So what happened and why is it relevant to UK businesses? Continue Reading
By- Lee Munson
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News
21 Mar 2014
Customer privacy an ongoing challenge, says Unilever
Unilever has set up a programme to address the continually evolving challenge of privacy issues relating to customer data Continue Reading
By- Warwick Ashford, Senior analyst
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News
19 Mar 2014
Pirated software malware to cost business $491bn in 2014, study shows
Malware deliberately loaded into pirated or counterfeit software is expected cost enterprises $491bn in 2014 Continue Reading
By- Warwick Ashford, Senior analyst
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News
19 Mar 2014
Firms urged to take tough action on Unix-based cyber attack
Security researchers have urged businesses to take action on a cyber criminal campaign that has seized control of 25,000+ Unix servers worldwide Continue Reading
By- Warwick Ashford, Senior analyst
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News
17 Mar 2014
SMEs believes they are immune to cyber attack
Most SMEs believe they are not at real risk of cyber attack, a survey has revealed Continue Reading
By- Warwick Ashford, Senior analyst
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Feature
14 Mar 2014
Hacktivism: good or evil?
IT lawyer Dai Davis looks at the rise of hacktivism and its impact on business and international politics Continue Reading
By- Dai Davis, Percy Crow Davis & Co
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News
12 Mar 2014
More than 162,000 WordPress sites used in DDoS attack
Security researchers have uncovered a DDoS attack that used more than 162,000 legitimate and unwitting WordPress websites Continue Reading
By- Warwick Ashford, Senior analyst
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News
12 Mar 2014
Tim Berners-Lee calls for internet users’ "bill of rights"
World Wide Web creator marks its 25th anniversary by calling for a “free, open and truly global internet” enshrined in a "bill of rights" Continue Reading
By- Warwick Ashford, Senior analyst
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News
10 Mar 2014
Dark web key enabler for cyber criminals, say McAfee researchers
The dark web is a key conduit for the malware industry to refine and distribute its products and services, say security researchers Continue Reading
By- Warwick Ashford, Senior analyst
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News
27 Feb 2014
RBS to tidy up systems mess
Royal Bank of Scotland (RBS) outlines plans to cut costs and improve customer services, slashing the number of IT systems in the process Continue Reading
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
27 Feb 2014
MasterCard and Syniverse launch geolocation card verification service
MasterCard and Syniverse have launched a number of mobile and payment services for mobile users to use while travelling abroad Continue Reading
By- Caroline Baldwin, Freelance editor and journalist
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News
27 Feb 2014
Microsoft takes aim at passwords
Microsoft says it is determined to solve the problem of ineffective authentication that relies on usernames and passwords Continue Reading
By- Warwick Ashford, Senior analyst
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News
25 Feb 2014
Flexibility and integration drove NatWest Microsoft Dynamics migration
NatWest Business Banking selected Microsoft Dynamics CRM when it realised it needed full CRM capability Continue Reading
By- Karl Flinders, Chief reporter and senior editor EMEA
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E-Zine
24 Feb 2014
Banking with dinosaurs – the legacy IT crisis in financial services
In this week’s Computer Weekly, we examine the recent IT problems at high-street banks, and find out how outsourcing led to the loss of vital legacy IT skills. We ask what role wearable technology could have in enterprise IT. We take an in-depth look at the tools for using Microsoft Azure for building hybrid clouds. And we analyse the storage infrastructure challenges from introducing desktop virtualisation. Read the issue now. Continue Reading
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News
21 Feb 2014
Employee mobiles expose firms to attack, says Webroot
Employees mobile devices expose companies to malicious applications and attacks, according to the latest mobile threat report from Webroot Continue Reading
By- Warwick Ashford, Senior analyst
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News
19 Feb 2014
UK firms see 1,000+ internal data breaches a day, study finds
Internal threats are not a high priority for UK firms despite more than 1,000 internal data breaches a day Continue Reading
By- Warwick Ashford, Senior analyst
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News
19 Feb 2014
NHS England puts patient database on hold
NHS England is to delay by six months the roll-out of its controversial Care.data scheme for sharing patient records through a central database Continue Reading
By- Warwick Ashford, Senior analyst
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News
18 Feb 2014
Cut Microsoft admin rights to mitigate 92% of threats, study shows
Removing Microsoft admin rights from employees mitigates 92% of critical vulnerabilities reported in 2013 Continue Reading
By- Warwick Ashford, Senior analyst
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News
11 Feb 2014
Why IT outsourcing is increasingly blamed for IT failures at banks
Are the IT problems at UK banks caused by outsourcing or the use of decades-old mainframe technology – or is it a combination of the two? Continue Reading
By- Karl Flinders, Chief reporter and senior editor EMEA
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News
11 Feb 2014
Rights groups call on White House to open privacy review
A coalition of 25 rights groups is calling for a 90-day US government review of big data and the future of privacy to be opened up to the public Continue Reading
By- Warwick Ashford, Senior analyst
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News
11 Feb 2014
UK among targets of 'Mask' advanced cyber espionage campaign
The UK has been hit more than 100 times in an advanced global cyber espionage campaign that has gone undetected for more than five years Continue Reading
By- Warwick Ashford, Senior analyst
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News
10 Feb 2014
Barclays bank leaks thousands of customer records
Regulators investigate Barclays after a whistleblower claims the bank leaked 27,000 customer records Continue Reading
By- Warwick Ashford, Senior analyst
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News
06 Feb 2014
Large internet companies could win insurance customers
Almost a quarter of consumers would consider large internet companies – such as Google and Amazon – as possible insurance providers. Continue Reading
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News
06 Feb 2014
UK critical infrastructure at risk of cyber attack, says IET report
UK critical national infrastructure is at risk of cyber attack, says a report by consultancy Atkins for the Institution of Engineering and Technology (IET) Continue Reading
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News
05 Feb 2014
Bank of England publishes Waking Shark II cyber security exercise results
Bank of England publishes the results of its Waking Shark II security exercise, which tested financial institutions' contingency plans for cyber attack Continue Reading
By- Caroline Baldwin, Freelance editor and journalist
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News
04 Feb 2014
NHS site malicious redirects are a warning to developers
A coding error that redirected NHS website visitors to malicious content should be a warning to developers, say security experts Continue Reading
By- Warwick Ashford, Senior analyst
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News
31 Jan 2014
Hackers access Yahoo Mail with stolen passwords
Yahoo has revealed that hackers have tried to access some Yahoo Mail accounts with stolen passwords Continue Reading
By- Warwick Ashford, Senior analyst
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News
30 Jan 2014
Lenovo buys Google’s Motorola Mobility in $3bn deal
Google has announced the sale of its Motorola Mobility unit to Chinese computer maker Lenovo in a $3bn deal Continue Reading
By- Warwick Ashford, Senior analyst