IT for financial services
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News
11 Jul 2024
Dutch research firm TNO pictures the SOC of the future
In only a few years, security operations centres will have a different design and layout, and far fewer will remain Continue Reading
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News
11 Jun 2024
Cobol knowledge crisis threatens Dutch financial systems
Expertise in complex Cobol systems, critical to major financial institutions, is dwindling in The Netherlands, resulting in retired professionals returning work Continue Reading
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News
07 Jun 2023
Payments regulator makes APP fraud reimbursement mandatory
UK payments regulator confirms changes to rules around repaying customers who lose money to authorised push payment fraudsters Continue Reading
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News
06 Jun 2023
Indian IT services giant takes UK teachers’ pensions contract from Capita
Tata Consultancy Services bolsters its growing UK public sector customer base with key contract win Continue Reading
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News
06 Jun 2023
Mercedes Pay turns vehicles into payment devices
German car manufacturer add contactless payment feature to enable drivers to find and book parking spaces and pay automatically when they arrive Continue Reading
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News
05 Jun 2023
Bank of International Settlement sets up channel secure from quantum breach
The Bank of International Settlement has worked with two of Europe's central banks to explore preventing the security risks posed by quantum computers Continue Reading
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News
05 Jun 2023
UK has time limit on ensuring cryptocurrency regulatory leadership, says Parliamentary report
Parliamentary report makes 53 recommendations to the government's plans to regulate cryptocurrency Continue Reading
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News
05 Jun 2023
Sweden is developing its own big language model
Artificial Intelligence Sweden is leading an initiative to build a large language model not only for Swedish, but for all the major languages in the Nordic region: Danish, Swedish, Norwegian, Icelandic, and Faroese Continue Reading
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News
01 Jun 2023
HSBC explores quantum computing for finance sector
UK banking giant works with quantum computing specialist to explore the technology’s potential in the finance sector Continue Reading
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News
31 May 2023
Lloyds Bank calls on tech companies to control social media ‘wild west’
Lloyds Banking Group is calling on tech giants to step forward in the fight against online fraud, which emanates in the social media ‘wild west’ Continue Reading
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News
30 May 2023
Europe’s central bank reveals drop in Euro Zone card fraud
Euro Zone card fraud drops with card-not-present scams down following the introduction of Strong Customer Authentication rules Continue Reading
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News
30 May 2023
Downstream breaches of Capita customers spreading
As many as 90 organisations that used Capita services have now reported data breaches arising from various security incidents at the outsourcer Continue Reading
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News
30 May 2023
Tech jobs to go as part of JPMorgan layoffs
According to reports, US banking giant to cut hundreds of jobs, including role reductions in technology and operations Continue Reading
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Opinion
26 May 2023
Five key steps where there is a risk of fraud investigation
When fraud investigators come knocking, there are some important ways in which management and senior IT professionals can make sure their company is best protected. Continue Reading
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News
25 May 2023
Fintech pioneer Anne Boden steps aside from challenger bank CEO role
Fintech pioneer to step aside for a new CEO after 10 years building a UK banking unicorn Continue Reading
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News
24 May 2023
Kuwait bank introduces biometric payments card
Middle East bank launches payment cards with fingerprint sensor technology embedded Continue Reading
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News
24 May 2023
JPMorgan’s UK digital retail bank adds more than a million customers in a year
The app-based bank launched in the UK by US giant JPMorgan has added one million customers in the past 12 months Continue Reading
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News
23 May 2023
Visa to recruit 1,500 tech staff in Poland
Visa’s latest global tech hub will recruit up to 1,500 staff, with focus on artificial intelligence, cyber security, and resilience in payments and ecommerce sectors Continue Reading
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E-Zine
16 May 2023
Microsoft and Google go into battle for enterprise AI
In this week’s Computer Weekly, as developments in generative AI accelerate, Microsoft and Google have each unveiled their plans around enterprise applications. Nobody doubts the importance of digital transformation – but experts say it won’t work without cultural change as well. And we examine the emerging practice of FinOps as part of cloud automation projects. Read the issue now. Continue Reading
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News
10 May 2023
UKtech50 2023: Vote for the most influential person in UK technology
Our judges have selected the top 50 leaders from a shortlist of more than 300 people – now it’s your chance to tell us who you think is the most influential person in UK technology Continue Reading
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News
10 May 2023
Black Basta ransomware attack to cost Capita over £15m
Exceptional costs arising from the March 2023 Black Basta ransomware attack on the systems of outsourcer Capita will be somewhere between £15m and £20m, the organisation says Continue Reading
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News
09 May 2023
UKtech50 2023: The longlist of the UK’s influential tech leaders
Each year, Computer Weekly launches a search for the most influential people in UK IT, asking the tech community who it thinks should be in the top 50 – here is the longlist of everyone nominated for 2023 Continue Reading
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News
05 May 2023
Capita pension clients told data may have leaked
Capita has told trustees of some of the pension funds for which it provides outsourced services that their customer data may have been stolen by the Black Basta ransomware operation Continue Reading
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News
05 May 2023
Open banking use to increase 470% in next four years, driven from Europe
Europe is leading the surge in the take-up of API-based open banking services, according to Juniper Research Continue Reading
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News
05 May 2023
Santander reports increase in scams and admits fraud head was impersonated
Santander has reported an increase in impersonation scams, and admitted its own head of fraud was impersonated by a fraudster Continue Reading
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News
04 May 2023
Age UK calls for physical banking hubs as older people demand face-to-face banking
UK charity calls for banks and government to speed up the introduction of physical banking hubs as research reveals millions of older people don’t bank online Continue Reading
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News
03 May 2023
Government anti-fraud strategy targets the tech behind the scams
The UK government’s anti-fraud strategy proposes to make it much harder for criminals to target their victims by cracking down on the exploitation of technology Continue Reading
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News
27 Apr 2023
Zopa’s emotional journey to becoming a bank
Zopa Bank’s CEO sees no reason why the app-based bank should not be as big as the high street giants Continue Reading
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News
25 Apr 2023
Lloyds Bank joins industry IT standards group
UK banking giant Lloyds Banking Group has joined an industry group which promotes global IT standards Continue Reading
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News
20 Apr 2023
Banks don’t want to develop fintech in-house
Banks are increasingly partnering with fintechs to gain access to their platforms, with few interested in developing such capabilities in-house Continue Reading
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News
20 Apr 2023
UK SMEs are the most tech savvy in Europe
UK SMEs have taken to contactless payments faster than their counterparts in continental Europe Continue Reading
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News
19 Apr 2023
IT Priorities 2023: Budget optimism among EMEA IT leaders
IT leaders across the EMEA region are optimistic that their budgets will increase over the coming year Continue Reading
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News
19 Apr 2023
Global finance firms take part in NATO cyber attack simulation
Global financial services organisations take part in NATO annual event which simulates cyber attacks on critical infrastructure Continue Reading
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News
18 Apr 2023
Fintechs get more certainty about open banking’s future direction
Fintechs have welcomed the UK open banking regulators recommendations for the future of the sector Continue Reading
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News
18 Apr 2023
Reduced spending on cloud services weighs European IT services market down
Reduced spending on cloud services in the EMEA region meant a year-on-year drop in total IT and BPO services spend Continue Reading
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Feature
18 Apr 2023
Why IAM systems are crucial for securing multicloud architecture
As business tools evolve into cloud-based services, organisations are finding themselves becoming ever more reliant on the cloud, but how can data be secured across so many different platforms? Continue Reading
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News
14 Apr 2023
Former TSB CIO fined for migration meltdown
Both TSB and its CIO have now been fined for the catastrophic migration of TSB’s core banking system Continue Reading
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News
13 Apr 2023
Thousands at risk from critical RCE bug in legacy MS service
Thousands of organisations worldwide are at risk from three vulnerabilities – one critical – in a legacy Microsoft service that they may not be aware they are running Continue Reading
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News
13 Apr 2023
Three charged over banking fraud for hire website
UK authorities have charged three men in connection with the operation of a website that sold social engineering tools to cyber fraudsters Continue Reading
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News
13 Apr 2023
Sweden and Finland make advances in quantum computing
Separate Swedish and Finnish quantum computing projects make promising advances in the technology of the future Continue Reading
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News
12 Apr 2023
April Patch Tuesday fixes zero-day used to deliver ransomware
A zero-day in the Microsoft Common Log File System that has been abused by the operator of the Nokoyawa ransomware is among 97 vulnerabilities fixed in April’s Patch Tuesday update Continue Reading
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News
12 Apr 2023
Gartner: Rebalance cyber investment towards human-centric elements
Security decision-makers need to reprioritise their investment outlooks towards people, rather than technology, according to the latest market forecast from Gartner Continue Reading
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News
12 Apr 2023
Bank of England starts recruiting Britcoin team
The Bank of England is recruiting people to join its team focused on the development of a digital pound Continue Reading
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News
12 Apr 2023
Deutsche Bank to close Russian software operations
German bank has been winding down its Russia-based software development operations and is close to shutting them down Continue Reading
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News
11 Apr 2023
UKtech50 2023: Help us find the most influential people in UK IT
Computer Weekly’s annual search for the 50 most influential people in UK IT is back – let us know who you would like to nominate for this year’s list Continue Reading
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Opinion
11 Apr 2023
Security Think Tank: Adopt a coherent framework for ID first security
With IAM central to enabling appropriate access to cloud-based services, identity first security is becoming a key trend for IAM in the cloud. Continue Reading
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News
11 Apr 2023
Experian names AWS as preferred cloud partner for multi-year off-premise migration project
Credit reporting agency Experian is embarking on a multi-year cloud migration project with AWS Continue Reading
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News
05 Apr 2023
Quick-acting Rorschach ransomware appears out of nowhere
Emergent Rorschach ransomware strain is highly advanced and quite unusual in its capabilities, warn researchers, who say they have been unable to link it to any other known strains Continue Reading
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News
05 Apr 2023
Nordic app-based bank offloads its peer-to-peer lending business
Danish fintech Lunar has sold its peer-to-peer lending business to Sweden’s SaveLend Continue Reading
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News
04 Apr 2023
Threat researchers dissect anatomy of a Royal ransomware attack
Trellix researchers share the inside track on a Royal ransomware attack that hit one of its customers in late 2022 Continue Reading
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News
04 Apr 2023
UAE central bank selects partners for phase one of digital currency programme
The UAE central bank has kicked off the first phase of its project to launch a digital currency Continue Reading
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News
04 Apr 2023
Over 90% of organisations find threat hunting a challenge
Understaffed security teams and high levels of background noise are making basic security operations tasks a chore for defenders, according to a report Continue Reading
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News
03 Apr 2023
Lloyds and NatWest banks join Barclays in latest round of branch closures
Lloyds and NatWest banks announce more branch closures as UK high streets continue to be stripped of banking services Continue Reading
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News
31 Mar 2023
Generative AI central to Accenture’s tech vision
Generative AI will play a central role over the next 10 years as the digital and physical world become more and more integrated Continue Reading
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News
30 Mar 2023
OSC&R supply chain security framework goes live on Github
The OSC&R framework for understanding and evaluating threats to supply chain security has made its debut on Github to allow anybody to contribute to the framework Continue Reading
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News
30 Mar 2023
NCSC issues revised security Board Toolkit for business leaders
National Cyber Security Centre calls on CEOs and senior business leaders to take a more hands-on approach to cyber resilience with the launch of revised board-level tools Continue Reading
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News
30 Mar 2023
How millions of consumers and businesses are using open banking
SMEs and consumers are increasingly turning to open banking services to help them manage their businesses and lives Continue Reading
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News
30 Mar 2023
Climate change vs technology: Study suggests tech investments could mitigate environmental risks
Bloomberg Media report, sponsored by investment firm Mubadala, highlights human impacts of various industry megatrends, including climate change and technology adoption Continue Reading
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News
29 Mar 2023
UK’s open banking industry at a crossroads
The UK open banking sector is at a crossroads and suppliers need more certainty about its direction, says report Continue Reading
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News
29 Mar 2023
Lloyds Bank looking for fintech partners
Lloyds Banking Group wants to partner startups in the financial services sector in its latest fintech and insurtech programme Continue Reading
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News
28 Mar 2023
Apple security updates fix 33 iPhone vulnerabilities
A larger-than-usual update to Apple’s mobile operating system fixes more than 30 distinct vulnerabilities, including two serious issues that may potentially affect device kernels Continue Reading
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News
28 Mar 2023
BNP Paribas moves to Swedish datacentre in high-performance computing strategy
BNP Paribas is moving data-intensive workloads to a Swedish datacentre to increase capacity while reducing its carbon footprint Continue Reading
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News
28 Mar 2023
Barclays makes further cut to branch network
Barclays cuts another 14 branches from its network as it continues to see a migration to digital banking channels Continue Reading
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News
28 Mar 2023
Ransomware attacks up 45% in February, LockBit responsible
NCC Group says it observed a surge in ransomware attacks in February, with LockBit, BlackCat and BianLian all highly active Continue Reading
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News
27 Mar 2023
Many of world’s biggest banks lack transparent policies for responsible AI
It is unclear whether many of the world’s largest banks have adopted and are using ethical artificial intelligence development principles Continue Reading
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News
27 Mar 2023
CBI launches campaign to boost UK tech unicorns
The CBI has launched a campaign to transform the UK’s technology unicorns into decacorns valued at $10bn, with specific policy recommendation due to be published later in 2023 Continue Reading
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News
27 Mar 2023
JP Morgan pilots palm and face-recognition technology in US
JP Morgan is testing out its biometric payment technology in selected retailer stores and at the upcoming Formula 1 Grand Prix in Miami Continue Reading
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News
24 Mar 2023
National Crime Agency sting operation infiltrates cyber crime market
The UK National Crime Agency has tricked thousands of potential cyber criminals into registering with a fake website pretending to offer tools for creating DDoS attacks Continue Reading
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News
24 Mar 2023
Over a third of UK’s online transactions used digital wallets
Mobile phone-based digital wallets are fast becoming a preferred method of buying goods and services online Continue Reading
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News
23 Mar 2023
Nationwide Building Society begins another ‘generational’ tech change
Nationwide Building Society's migration of its payments to a cloud-based software platform is a ‘generational change’ Continue Reading
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News
23 Mar 2023
US bakery pilots Amazon tech for palm payments
Amazon's palm-scanning authentication technology is being used by US bakery and café chain to boost use of its loyalty programme Continue Reading
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News
21 Mar 2023
Ransomware gangs harass victims to ‘bypass’ backups
Analysis reveals how cyber criminal gangs are turning to extensive, targeted harassment campaigns to force victims to pay up, even if their backups are in good order Continue Reading
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News
20 Mar 2023
NatWest announces ID service for its customers
The identities of NatWest customers engaging with businesses online can be confirmed by the bank's ID service in seconds Continue Reading
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News
20 Mar 2023
BBC cracks down on TikTok after review
The BBC is asking staff not to install TikTok on corporate-owned devices without a justified business purpose, although its use will still be allowed to share media content with its audiences Continue Reading
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News
20 Mar 2023
Inside AIA’s cloud adoption journey
The Hong Kong-based multinational insurance firm has moved 86% of its IT infrastructure to public cloud to drive growth, productivity and efficiency Continue Reading
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News
17 Mar 2023
UK TikTok ban gives us all cause to consider social media security
The UK government’s ban on TikTok should give all organisations cause to look into what information social media platforms are collecting on us, and what they are using it for Continue Reading
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News
16 Mar 2023
BEC attacks doubled in 2022, outstripping ransomware
Massive growth in the volume of Business Email Compromise or BEC attacks was linked to a surge in successful phishing campaigns, according to data from Secureworks Continue Reading
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News
16 Mar 2023
Mandiant: Dangerous MS Outlook zero-day widely used against Ukraine
A zero-day vulnerability in Microsoft Outlook that was fixed in the March Patch Tuesday update has likely been actively exploited by Russian actors for a year or more, and its use will now spread rapidly Continue Reading
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News
15 Mar 2023
Chinese Silkloader cyber attack tool falls into Russian hands
A loader tool used by Chinese cyber criminals seems to have been enthusiastically taken up in recent weeks by Russian ransomware operators Continue Reading
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News
15 Mar 2023
Microsoft patches Outlook zero-day for March Patch Tuesday
A highly dangerous privilege escalation bug in Outlook is among 80 different vulnerabilities patched in Microsoft’s March Patch Tuesday update Continue Reading
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News
14 Mar 2023
Central bank digital currency use set to soar over next seven years
The use of central bank-backed digital currencies is set to explode over the next seven years as governments drive adoption to increase financial inclusion Continue Reading
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Feature
14 Mar 2023
As Covid fades away, what’s the future of remote work in Europe?
Many IT leaders are still supporting some form of work from home, and a trend is beginning to take shape in Europe Continue Reading
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News
13 Mar 2023
MI5 to oversee new National Protective Security Authority
The new National Protective Security Authority will address various national security threats including state-sponsored cyber espionage against UK targets Continue Reading
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News
07 Mar 2023
Nationwide goes cloud native to transform payments
Nationwide Building Society is moving retail payments from on-premise systems to a cloud-native platform Continue Reading
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Feature
07 Mar 2023
What can security teams learn from a year of cyber warfare?
With the passing of the first anniversary of Russia’s invasion of Ukraine, we reflect on the ongoing cyber war, and ask what security leaders can learn from the past 12 months Continue Reading
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E-Zine
07 Mar 2023
Can the UK keep its fintech crown?
In this week’s Computer Weekly, two years after the Kalifa report laid out a roadmap for continued fintech sector growth, UK entrepreneurs and startups are worried about the lack of progress. We look at the top tech trends in retail and find out which companies are leading the way. And we examine six ways to slash IT emissions. Read the issue now. Continue Reading
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News
06 Mar 2023
Fintech industry calls for regulatory change to help struggling consumers
Fintech trade body calls for regulatory changes to allow fintechs to broaden services for people struggling in the cost-of-living crisis Continue Reading
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News
03 Mar 2023
Shawbrook Bank uses Pegasystems for low-code business process rewrite
SME lending and savings bank Shawbrook Bank is using a low-code platform from Pegasystems to rewrite outdated business processes Continue Reading
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News
28 Feb 2023
Two years on from the Kalifa report, UK fintechs speak out
Two years after the UK government’s Kalifa fintech report, entrepreneurs warn of a continuing Brexit headache and slow regulatory reform Continue Reading
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News
28 Feb 2023
Government announces national fintech hub
The UK Treasury has announced a centre for fintech innovation, two years after a major report recommended one Continue Reading
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Opinion
28 Feb 2023
Security Think Tank: Training can no longer be a compliance exercise
Historically, security training has tended to take a compliance-based focus, a ‘tick-box’ exercise using generic, off-the-shelf courses. This needs to change, says Hayley Watson of Turnkey Consulting. Continue Reading
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Opinion
27 Feb 2023
Cyber training in 2023 needs to drive measurable change
2023 will see more focus on security training programmes that not only provide employees with an understanding of the risks they face but more importantly drive measurable behavioural change, says PA Consulting’s Richard Allen Continue Reading
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News
23 Feb 2023
WithSecure proposes ‘undo’ button for ransomware
WithSecure’s Activity Monitor technology supposedly overcomes the shortcomings of sandbox test environments, and may be able to stop ransomware attacks from ever happening Continue Reading
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News
23 Feb 2023
Santander SME platform harnesses Salesforce
Bank platform that helps UK small and medium-sized enterprises expand export opportunities is built on cloud technology from Salesforce Continue Reading
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News
22 Feb 2023
Researchers find new bug ‘class’ in Apple devices
A group of vulnerabilities in Apple products that stem from the ForcedEntry exploit used by spyware firm NSO constitutes a whole new class of bug, say researchers at Trellix Continue Reading
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News
22 Feb 2023
Dutch cyber security professionals experience stress akin to soldiers in war zone, claims expert
Cyber attacks are taking a heavy toll on Dutch IT professionals, with over a third reporting that their mental health suffers as a result Continue Reading
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News
22 Feb 2023
Half of cyber leaders to switch jobs by 2025, citing stress
A substantial number of cyber security leaders are plotting their great escape, saying the industry is leaving them too stressed to go on, according to a study Continue Reading
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News
21 Feb 2023
Seven million people in UK used open banking services in 2022
More than seven million people used services that harnessed open banking last year, with 1.2 million of these first-time users Continue Reading
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Opinion
21 Feb 2023
Cyber security training: Insights for future professionals
Future cyber security professionals need soft skills as well as technical ones, says security educator Sudeep Subramanian Continue Reading
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News
21 Feb 2023
UK finance firms short of data skills
Financial services companies in the UK lack the data skills they will need to succeed in an increasingly digital world Continue Reading
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News
21 Feb 2023
Average consumer spent more than £3,300 using contactless payments in 2022
The amount of money spent using contactless payment technology continues to rise as consumers take advantage of higher allowable spending limits Continue Reading
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News
20 Feb 2023
App-based Zopa bank buys BNPL fintech
App-based Zopa bank is adding a buy now, pay layer platform to its technology stack through its first acquisition Continue Reading