IT for financial services
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News
18 Sep 2024
Dreamforce 2024: Salesforce calls on customers to flesh out AI vision
A stream of customers helped Salesforce make the case for its Agentforce artificial intelligence offering on the opening day of the annual Dreamforce conference in San Francisco Continue Reading
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News
17 Sep 2024
Barclays takes on more GreenLake
Barclays has ramped up its HPE-powered private cloud, as it continues to modernise IT and reduce its carbon footprint Continue Reading
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News
08 Jun 2022
ProxyLogon, ProxyShell may have driven increase in dwell times
The median network intruder dwell time was up 36% to 15 days last year, thanks to massive exploitation of the ProxyLogon and ProxyShell vulnerabilities by IABs, according to new Sophos data Continue Reading
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News
08 Jun 2022
P27 advance could replace multiple national clearing systems in Nordics
Nordic payments project promises to make payments to other countries as easy as sending a text message Continue Reading
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News
30 May 2022
UAE residents think 3D printing will have the most positive impact on society
People in the UAE believe next-generation technologies such as 3D printing and artificial intelligence will become widespread in the country Continue Reading
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Opinion
30 May 2022
Strong internal foundations are key to withstanding external threats
The modern-day abundance of platforms, apps and IT tools presents malicious actors with a web of interconnection that is easily exploited to move rapidly through the network to compromise critical assets. Security teams need to understand these attack pathways better in order to fight back Continue Reading
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News
27 May 2022
NatWest replacing multiple customer service systems
NatWest Bank puts customer service tools on a single platform using Microsoft Dynamics 365 Continue Reading
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News
26 May 2022
Executive interview: Miles Hillier, NatWest
Retail bank’s digital channel development head talks about building a multi-channel customer experience Continue Reading
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News
26 May 2022
Global business insurer saves 50,000 hours through RPA
QBE started its robotic process automation journey in 2017 and has already saved 50,000 hours, enabling staff to focus on customer care Continue Reading
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News
26 May 2022
Two-thirds of UK organisations defrauded since start of pandemic
Nearly two out of three UK companies say they have experienced some form of fraud or economic crime in the past two years, according to a report Continue Reading
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News
26 May 2022
Dutch companies struggle to fill tech jobs
There are plenty of IT job vacancies in the Netherlands, but a shortage of IT professionals Continue Reading
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News
24 May 2022
Ransomware volumes grew faster than ever in 2021
Verizon’s annual DBIR assessment of the security landscape highlights an unprecedented boom in ransomware volumes, to the surprise of nobody Continue Reading
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News
24 May 2022
JPMorgan’s UK digital retail bank reaches half-million customer mark
Chase Bank in the UK has already reached the half-million customer mark, but expects a profit to be some years away Continue Reading
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News
24 May 2022
Fintech unicorn Klarna to cut 10% of staff amid global shocks
Fintech unicorn to slash jobs in reaction to global economic shocks signalling challenges in the financial technology sector Continue Reading
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News
20 May 2022
Applying international law to cyber will be a tall order
Many in the security community have voiced their support for the UK government’s ambitions to work towards agreement with other countries on the application of international law to cyber space, but not without some reservations Continue Reading
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News
20 May 2022
Government will legislate to protect access to cash amid digital revolution
The government is giving the Financial Conduct Authority more powers to force banks to ensure cash withdrawal and deposit services are within easy reach of customers Continue Reading
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News
19 May 2022
Relentless branch closures at Lloyds Bank continue as digital banking takes hold
UK bank branches are being shuttered in large numbers as consumers choose online banking, with Lloyds Banking Group announcing more closures Continue Reading
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Opinion
18 May 2022
Security Think Tank: To follow a path, you need a good map
The modern-day abundance of platforms, apps and IT tools presents malicious actors with a web of interconnection that is easily exploited to move rapidly through the network to compromise critical assets. Security teams need to understand these attack pathways better in order to fight back Continue Reading
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News
18 May 2022
Mastercard biometric programme will allow payment authentication by smile
Mastercard is inviting banks and merchants to join a programme to set standards for biometric payments technology Continue Reading
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News
17 May 2022
(ISC)² to train 100,000 cyber pros in UK
Security association (ISC)² unveils ambitious UK training programme Continue Reading
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Definition
16 May 2022
SWIFT FIN message
SWIFT FIN is a message type (MT) that transmits financial information from one financial institution to another. Continue Reading
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News
13 May 2022
Santander has so far moved 80% of IT infrastructure to cloud
Spanish banking giant Santander continues its journey into the cloud as it strives to be cloud native Continue Reading
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News
12 May 2022
App-based Starling Bank doubles its Cardiff workforce
Digital bank is recruiting nearly 500 people, including data scientists and engineers, to its Cardiff operation Continue Reading
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News
11 May 2022
CyberUK 22: Five Eyes focuses on MSP security
The western intelligence community has set out practical steps IT service providers and their customers can take to protect themselves Continue Reading
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News
11 May 2022
Cyber accreditation body Crest forges new training partnerships
Crest says partnerships with Hack The Box and Immersive Labs will enhance its members’ defensive and offensive security skills Continue Reading
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News
11 May 2022
Nationwide stops thousands more attempted frauds with Strong Customer Authentication
Nationwide Building Society is blocking an additional 2000 attempted online shopping frauds a month through extra checks Continue Reading
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News
11 May 2022
Microsoft fixes three zero-days on May Patch Tuesday
It’s the second-to-last Patch Tuesday as we know it, and Microsoft has fixed a total of 75 bugs, including three zero-days Continue Reading
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News
10 May 2022
CyberUK 22: Cyber leaders affirm UK’s whole-of-society strategy
On the opening day of CyberUK 2022, GCHQ director Jeremy Fleming and NCSC CEO Lindy Cameron have spoken of their commitment to the government’s ambition for a whole-of-society cyber strategy Continue Reading
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News
10 May 2022
CyberUK 22: NCSC refreshes cloud security guidance
The National Cyber Security Centre is revising its cloud guidance as increasing uptake of potentially vulnerable cloud services puts more organisations at risk of compromise Continue Reading
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News
10 May 2022
European retailers see embedded finance as a revenue builder
Retailers and e-commerce businesses are working with tech suppliers to embed financial products and services in their customer offerings Continue Reading
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News
28 Apr 2022
Ransomware recovery costs dwarf actual ransoms
The cost of recovering from a ransomware attack far outweighs the ransoms now being demanded by cyber criminals, according to recent data Continue Reading
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News
28 Apr 2022
Manufacturer sues JPMorgan after cyber criminals stole $272m
Manufacturer files lawsuit alleging that US bank failed to inform it of suspicious transaction activity Continue Reading
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News
27 Apr 2022
Log4Shell, ProxyLogon, ProxyShell among most exploited bugs of 2021
These 15 CVEs were the most commonly exploited last year, and if you haven’t mitigated against them, now is the time Continue Reading
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News
27 Apr 2022
Ransomware victims paying out when they don’t need to
Sophos’s annual State of Ransomware report shows dramatic increases in the impact of ransomware attacks, but also finds many organisations are paying ransoms when they don’t need to Continue Reading
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News
27 Apr 2022
Government digital ignorance puts Dutch economy at risk
In this interview, Michiel Steltman, managing director of Digital Infrastructure Netherlands, tells Computer Weekly why the Dutch digital economy is at risk due to a lack of knowledge and understanding at government level Continue Reading
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News
26 Apr 2022
BCS passes defiant Ukrainian tech industry message to its members
BCS, the Chartered Institute for IT, has passed on a message from Ukrainian IT suppliers that the country is open for, and in need of, business Continue Reading
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News
26 Apr 2022
Emotet tests new tricks to thwart enhanced security
The operators of the Emotet botnet seem to be trying to find a way to get around recent changes made by Microsoft to better protect its users Continue Reading
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News
26 Apr 2022
Danish researcher explains zero-knowledge proofs and post-quantum encryption
A graduate from the University of Aarhus, a Danish researcher is now a leading player in some of the most important issues in cyber security Continue Reading
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News
26 Apr 2022
Global digital wallet transactions set to soar
Payments using mobile phones are set to soar globally as suppliers expand the services available, according to research Continue Reading
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News
22 Apr 2022
Finance regulator identifies challenger bank financial crime weaknesses
Financial Conduct Authority review finds challenger banks need to do more to prevent their platforms being used to commit financial crime, such as money laundering Continue Reading
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News
21 Apr 2022
Tech to account for over half of regulatory compliance spending
By 2026, regtech will account for more than half of the money that businesses spend on compliance with regulations Continue Reading
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News
20 Apr 2022
One-third of scams that hit TSB are impersonation fraud
TSB reports an increase in fraudsters impersonating trusted organisations to trick consumers into making payments to them Continue Reading
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News
20 Apr 2022
Nationwide Building Society streamlines payment dispute process through software
Building society has speeded up the resolution of customer disputes over Visa payments by using Pegasystems software Continue Reading
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News
20 Apr 2022
Financial Ombudsman Service chooses TCS as digital transformation partner
Tata Consultancy Services will build and implement key systems as part the Financial Ombudsman Service’s digital transformation Continue Reading
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News
13 Apr 2022
WatchGuard firewall users urged to patch Cyclops Blink vulnerability
The US authorities have seen fit to add the WatchGuard vulnerability used by Sandworm to build the Cyclops Blink botnet to its list of must-patch vulnerabilities Continue Reading
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News
13 Apr 2022
Microsoft patches two zero-days, 10 critical bugs
Patch Tuesday is here once again. This month, security teams must fix two privilege escalation zero-days in the Windows Common Log File System Driver and the Windows User Profile Service Continue Reading
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News
11 Apr 2022
Mastercard opens European tech hub in Dublin
Mastercard is doubling its technology workforce in Dublin through a new European tech hub in the Irish capital Continue Reading
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News
07 Apr 2022
Banks should be able to integrate e-krona into existing systems, says Swedish regulator
Swedish financial services regulator says banks and service providers should be able to integrate a potential digital currency into existing systems Continue Reading
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News
07 Apr 2022
European IT and BPO outsourcing off to strong start
European IT and business process outsourcing services continue to increase rapidly, with cloud-based services now more than half of the total Continue Reading
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News
05 Apr 2022
Triple-threat Borat malware no joke for victims
Unlike its namesake, the newly discovered Borat malware won’t raise a smile for IT security pros Continue Reading
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News
05 Apr 2022
Zopa bank profitable after just 21 months
The bank that emerged from peer-to-peer lending pioneer has hit its first profit after 21 months of operation Continue Reading
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News
05 Apr 2022
Saudi Arabian ICT sector hits $32.1bn after strong pandemic response
The Saudi Arabian IT and communications sector is recovering strongly from the Covid-19 pandemic Continue Reading
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News
04 Apr 2022
Environmental campaigners halt Meta datacentre construction in the Netherlands
Datacentre being built to serve ‘metaverse’ worlds would consume nearly half as much energy as all other datacentres in the country Continue Reading
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News
01 Apr 2022
Four moves to ‘checkmate’ critical assets thanks to lax cloud security
Malicious actors can compromise 94% of critical assets within four steps of the initial breach point, according to a report Continue Reading
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News
31 Mar 2022
Bank fraud prevention scheme blocked £60m in fraud last year
Scheme to catch fraudsters, including online scammers, before they commit their crimes has reported a significant increase in crimes prevented Continue Reading
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Opinion
30 Mar 2022
Why diversity in AI remains a challenge and how to fix it
With artificial intelligence set for a global economic explosion, its development must put diversity at its core to avoid discriminating systems Continue Reading
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News
30 Mar 2022
Acquisition of UK fintech Azimo will address home-working challenges for enterprises
UK fintech acquired by Papaya Global is looking to improve cross-border employee payments Continue Reading
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News
30 Mar 2022
Lax money laundering controls lands N26 with ban from Italian central bank
German digital bank N26 has had problems with anti-money laundering regulations in the past, and is now banned in Italy Continue Reading
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News
30 Mar 2022
One-third of UK firms suffer a cyber attack every week
New statistics from the annual DCMS Cyber security breaches survey reveal the extent and frequency with which UK organisations are being attacked by malicious actors Continue Reading
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Feature
30 Mar 2022
Recruitment risks: Avoiding the dangers of fraudulent candidates
Tech companies are seeing an increase in fraudulent job applications, with associated impacts on risk and cyber security. So how can organisations protect themselves from fraudulent applicants while ensuring they recruit the best talent? Continue Reading
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News
29 Mar 2022
NCSC: Not necessarily wise to ditch Kaspersky
UK’s National Cyber Security Centre issues refreshed guidance on organisations’ usage of technology and services of Russian origin, but stops short of advising users to expunge all Russian products from their IT estates Continue Reading
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News
29 Mar 2022
Wave of Log4j-linked attacks targeting VMware Horizon
Sophos issues a new warning to organisations that have so far failed to patch their VMware Horizon servers against Log4Shell Continue Reading
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News
29 Mar 2022
FCA reports 52% jump in security incidents
The Financial Conduct Authority received 116 cyber incident reports in 2021, a fifth of them involving ransomware Continue Reading
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News
28 Mar 2022
IT professionals wary of government campaign to limit end-to-end encryption
Members of the Chartered Institute of IT, the professional body for technology professionals in the UK, warn against limiting end-to-end encryption Continue Reading
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News
28 Mar 2022
Most big businesses are taking up banking as a service
API-based banking services allow corporate customers to offer financial services without the need for heavy tech development or regulatory approval Continue Reading
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Definition
28 Mar 2022
GAAP (generally accepted accounting principles)
GAAP (generally accepted accounting principles) is a collection of commonly followed accounting rules and standards for financial reporting. Continue Reading
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News
24 Mar 2022
CW Innovation Awards: How WLTH is disrupting traditional banking
The fintech company built its own technology stack that delivers data analytics and other capabilities as it seeks to win market share from traditional banks Continue Reading
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News
23 Mar 2022
Digital continues to deplete bank branch networks as Lloyds cuts 60 more
Lloyds Banking Group has stripped UK high streets of a further 60 branches as the take-up of digital banking continues Continue Reading
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News
23 Mar 2022
Japan’s Mizuho partners Google to accelerate tech transformation after a year to forget
Following a year when it hit the tech headlines for the wrong reasons, Mizuho is on a mission to modernise IT in collaboration with Google Continue Reading
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News
22 Mar 2022
Details of Conti ransomware affiliate released
Information about a new Conti affiliate has been released by eSentire and BreakPoint Lab after a joint investigation into the group’s indicators of compromise Continue Reading
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News
22 Mar 2022
Competition watchdog contacts Barclays and Lloyds banks over API failures
Barclays and Lloyds banks have failed to meet some of the open banking rules, says competition watchdog Continue Reading
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Opinion
22 Mar 2022
Revised scope of UK security strategy reflects digitised society
The omission of the word ‘security’ from the title of the UK government’s new National Cyber Strategy is a telling one, reflecting our increasingly digitised society, say Maximillian Brook and Arunoshi Singh of the ISF Continue Reading
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E-Zine
22 Mar 2022
One year on from IR35 reforms – why IT skills are harder to find
In this week’s Computer Weekly, a year after IR35 tax reforms were introduced, we assess the impact on the UK’s IT talent pool – and it’s not looking good. We examine the rise of industry clouds, and how they are changing the market. And we find out how London councils plan to work together on data and innovation. Read the issue now. Continue Reading
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Opinion
21 Mar 2022
UK Cyber Strategy a welcome injection of progress
The National Cyber Strategy should be seen as a welcome injection of both focus and investment in bettering cyber defence for everyone, says Turnkey Consulting senior consultant Louise Barber Continue Reading
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News
18 Mar 2022
Ukrainian cyber defences prove resilient
Thanks to a combination of prior experience and global support, Ukraine’s defences against cyber incidents are holding strong in the face of Russian attacks Continue Reading
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Opinion
18 Mar 2022
National Cyber Strategy will enhance UK’s cyber power status
The UK punches above its weight when it comes to wielding cyber power around the world, but challenges to this status are clear. The National Cyber Strategy has a clear role to play in maintaining and enhancing this status, writes Paddy Francis of Airbus Cybersecurity Continue Reading
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News
17 Mar 2022
How multiphysics simulation might accelerate the advent of quantum computing – and vice versa
Sophisticated tools that simulate more than one physical phenomenon at a time may help designers home in on optimal architectures for quantum computers at less cost – and much faster Continue Reading
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News
17 Mar 2022
Value of contactless transactions doubles in two years
Almost £166bn was spent in the UK last year using contactless technology, compared with £80.5bn in 2019 Continue Reading
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News
16 Mar 2022
Estonian anti-money laundering software pilot reaps benefits
Estonian startup and local banks have successfully piloted a data-sharing platform that prevents money laundering Continue Reading
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News
16 Mar 2022
German authorities warn on Kaspersky but stop short of ban
Germany authorities warn Kaspersky users to consider alternatives to the firm’s flagship antivirus software, citing national security concerns and the war on Ukraine Continue Reading
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News
16 Mar 2022
No end to UK bank branch closures as HSBC shuts 69 more
HSBC closes another 69 branches as customers continue to migrate to digital channels Continue Reading
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Opinion
15 Mar 2022
How cyber security teams can conquer the four-day working week
The four-day week may be an idea whose time has come, but for always-on cyber security professionals, the impact of squeezing more work into fewer days is a tricky proposition Continue Reading
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Feature
14 Mar 2022
How can I avoid an exodus of cyber talent linked to stress and burnout?
Cyber security professionals have played a crucial role during the pandemic, yet many feel like their employers aren’t providing adequate mental health support and have considered quitting their jobs as a result. What can employers do to help them? Continue Reading
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News
14 Mar 2022
‘Technical issues’ leave Post Office branches with ATM cash discrepancies
Discrepancies of up to £2,000 reported after an ‘IT change’ impacted more than 200 Post Office branches Continue Reading
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News
14 Mar 2022
BNP Paribas to recruit 1,000 more women in IT
Spanish bank sets target of adding 1,000 more female IT professionals to its workforce over the next two years Continue Reading
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Opinion
10 Mar 2022
National Cyber Strategy misses the mark in one important way
The National Cyber Strategy is full of fine words, says Petra Wenham, but as the old expression goes, fine words butter no parsnips, and it misses the mark in one very important way Continue Reading
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News
10 Mar 2022
Open banking’s next big thing could replace direct debits
Variable recurring payments could fuel the next stage of open banking take-up in the UK Continue Reading
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News
10 Mar 2022
Tech brands sign on to HackerOne responsible security drive
Tech companies sign HackerOne’s new corporate security responsibility pledge to bring cyber out of the shadows and promote effective, secure development practices Continue Reading
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E-Zine
10 Mar 2022
CW Europe: Luxembourg sees big role in global fintech market
Read about Luxembourg’s aim to play a larger role in the rapidly growing global financial technology market. Also find out how a Siri-like digital assistant will automate the completion of government service requests in Estonia, and how drones can get life-saving equipment to heart attack victims in Sweden before emergency services can arrive on the scene. Continue Reading
- 10 Mar 2022
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News
10 Mar 2022
Government to force tech firms to stop fraudsters using their platforms for scams
Changes to legislation will make social media and search engine firms responsible for preventing fraudsters using their platforms to commit crimes Continue Reading
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News
09 Mar 2022
China’s APT41 exploited Log4j within hours
APT41 compromised multiple government organisations via the Log4Shell exploit within hours of its initial disclosure, Mandiant claims Continue Reading
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News
09 Mar 2022
Microsoft serves up three zero-days on March Patch Tuesday
Three zero-days pop up in Microsoft’s March update, along with a number of other noteworthy concerns for defenders Continue Reading
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News
03 Mar 2022
Boardroom does not see ransomware as a priority
Less than a quarter of company directors think ransomware is a top priority for their security teams, according to Egress Continue Reading
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News
02 Mar 2022
Gothenburg University makes breakthrough in energy efficient computers
Swedish and Japanese universities make advancement in the development of computers that can work as energy efficiently as a brain Continue Reading
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News
02 Mar 2022
Middle East IT spending to recover to at least pre-pandemic levels
Middle East IT leaders expect budgets to increase this year, with spending to match or exceed pre-Covid levels Continue Reading
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Feature
01 Mar 2022
Software firm saves storage array costs with Nutanix hyper-converged
Banking SaaS provider Vialink needed more IOPS when its NetApp arrays slowed up, but Nutanix hyper-converged proved a better package than Pure Storage and Dell EMC, too Continue Reading
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News
01 Mar 2022
Nationwide suffers payday payments outage
Nationwide customers were left unable to pay bills on payday as the building society suffered a software outage Continue Reading
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01 Mar 2022
The British people are waking up to the scandal that happened under their noses
Victims of the Post Office Horizon scandal have been suffering in silence for many years, but the current public inquiry is giving them a voice, and people are listening Continue Reading
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News
28 Feb 2022
Ukraine cyber attacks seen spiking, but no destructive cyber war yet
While cyber attacks linked to Russia’s war on Ukraine are taking place, they are having little impact beyond the region Continue Reading
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Feature
25 Feb 2022
Cracking the code on blockchain and crypto: What might adoption mean for datacentres?
A high share of datacentre customers look set to adopt blockchain technologies, including digital currencies, over the next few years Continue Reading
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News
24 Feb 2022
KnowBe4 cyber drama tackles Colonial Pipeline in fourth season
KnowBe4’s ongoing cyber security training drama, The Inside Man, reaches its fourth season with a plot drawing inspiration from one of the most impactful cyber attacks of 2021 Continue Reading
