IT for financial services
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News
12 Jun 2024
Nordic innovators look to revive the zombie subscriber population
Zombie subscriptions where customers buy a service and forget about it are harming the subscription economy, but software is being developed to support the subscription economy Continue Reading
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News
15 Jan 2024
Santander bank added 4,500 tech staff last year
Santander added thousands of IT staff to its global operation last year, as part of its digital transformation Continue Reading
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E-Zine
13 May 2021
CW Benelux: Netherlands university launches centre of expertise in applied AI
Amsterdam University of Applied Sciences has launched a centre of expertise in applied artificial intelligence, and students from all faculties of the university will learn how to apply AI in their field of study. Also in this issue, read why a training ‘roadmap’ is needed to get Netherlands police officers up to speed with tackling cyber crime. Continue Reading
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News
06 May 2021
Government urged to add scam protections to Online Safety Bill
Group of organisations calls for the government to use the Online Safety Bill to protect people from cyber scams Continue Reading
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News
06 May 2021
Netherlands to build new national supercomputer
The Netherlands has laid out plans for its next national supercomputer, to be known as Snellius Continue Reading
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News
06 May 2021
HSBC blocks £249m in UK fraud with voice biometrics
HSBC voice recognition technology has reduced telephone banking fraud as demand for the channel increases Continue Reading
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Blog Post
05 May 2021
The non-fungible kind
Not long ago, somewhere in Mebane, North Carolina, Zoë Roth – better known as the Disaster Girl meme – picked up her phone and consulted Kyle Craven – better known as the Bad Luck Brian meme – ... Continue Reading
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News
28 Apr 2021
Covid-19 security challenges leave bank customers at risk
Challenges arising from the pandemic have left gaping holes in banking security, putting consumers at risk of fraud Continue Reading
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Opinion
28 Apr 2021
IR35 private sector reforms: What firms need to do now the start date has passed
While the start date for the onset of the IR35 private sector reforms may have passed, firms in-scope of the revamped tax avoidance legislation may find themselves still with plenty of compliance work still to do Continue Reading
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E-Zine
27 Apr 2021
Justice at last in Post Office IT scandal
In this week’s Computer Weekly, 12 years after we broke the story, victims of the Post Office IT scandal finally have their criminal convictions overturned. We take a virtual tour of a Microsoft datacentre and meet a server called ‘Mega-Godzilla Beast’. And we find out how technology is transforming Nationwide Building Society. Read the issue now. Continue Reading
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News
22 Apr 2021
GCHQ: Cyber investment a guarantor of UK’s global status
GCHQ director Jeremy Fleming sets out a vision for the UK’s cyber security future Continue Reading
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News
20 Apr 2021
Banco Santander moving more than 200 servers to cloud per day
Banco Santander has migrated about 60% of its IT infrastructure to the cloud and is reaping the benefits Continue Reading
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News
19 Apr 2021
UK fintech investment hits new heights as government announces increased support
The UK fintech sector saw high levels of investment in the first quarter of this year, with increased support from the government Continue Reading
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News
16 Apr 2021
Finnish government strengthens country’s IT network security
Finland’s government has created a new national organisation to help public and private bodies improve network security Continue Reading
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News
15 Apr 2021
Microsoft is most impersonated brand in phishing attempts
Technology companies continue to be frequently spoofed by cyber criminals in their phishing attempts Continue Reading
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E-Zine
15 Apr 2021
CW Middle East: Qatari regulator launches platform to help combat money laundering
The Qatar Financial Markets Authority is using a digital platform to enable financial services professionals to assess their knowledge of anti-money laundering and combating the financing of terrorism. Also in this issue, read how the Covid-19 pandemic has changed the IT spending patterns among enterprises in Saudi Arabia. Continue Reading
- 14 Apr 2021
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News
14 Apr 2021
Europe provides growth for TCS despite year floored by pandemic
Tata Consultancy Services grows its continental European business despite economic slowdown brought by Covid-19 restrictions Continue Reading
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News
12 Apr 2021
Another 27 Danish banks get access to open banking APIs
Nordic banks gain access to open banking capabilities from Nordic API Gateway, with an agreement through their shared IT service provider Continue Reading
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News
09 Apr 2021
NCSC: Using your pet’s name as a password is very stupid
If your email password is still Rex, Rover or Mr Fluffles, it’s probably best to change it, the NCSC has said Continue Reading
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News
08 Apr 2021
Future working models at big banks begin to fall into place
Banks traditionally lead the way in technology adoption, but what can businesses take from their post-Covid-19 remote-working strategies? Continue Reading
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News
08 Apr 2021
CIO interview: Gary Delooze, CIO, Nationwide
Building society’s CIO talks about building a technology strategy, working with the rest of the business and the Covid-19 pandemic Continue Reading
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News
08 Apr 2021
IBM Cloud for Financial Services goes on general release
IBM Cloud’s push to provide sector-specific public cloud services to financial services firms enters a new phase Continue Reading
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News
08 Apr 2021
Inside Microsoft’s industry cloud strategy
Microsoft dives deeper into its industry cloud strategy and what it means for enterprises in the Asia-Pacific region Continue Reading
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News
07 Apr 2021
A billion extra contactless payments in year since limit increase
Visa said there was an extra one billion contactless payments made by its customers last year Continue Reading
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News
07 Apr 2021
Irish employees’ ‘right to disconnect’ enshrined in code of practice
A code of practice giving employees the ‘right to disconnect’ from work and not engage in electronic communications outside of their normal hours has come into effect in Ireland Continue Reading
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News
31 Mar 2021
Commerzbank picks Google for cloud migration
German bank expands its work with Google Cloud and plans to move 85% of applications to its platform Continue Reading
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News
30 Mar 2021
IR35 reforms: Slow government progress on umbrella regulation exposes IT contractors to tax risks
With thousands of IT contractors set to start working through unregulated umbrella companies for the first time when the IR35 reforms take hold in the private sector, concerns are growing about the danger this could pose to their income and tax affairs in years to come Continue Reading
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News
29 Mar 2021
How far has open banking come in Europe?
Open banking is a relatively new concept, having come into effect in Europe only in the last couple of years. So what is the state of play? Continue Reading
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News
29 Mar 2021
TSB Smart Agent integrated into mobile banking app
TSB has integrated a smart agent, developed to relieve pressure on its contact centres during the Covid-19 pandemic, into its mobile app Continue Reading
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News
29 Mar 2021
CW Innovation Awards: How DBS is transforming credit processes
DBS Bank’s credit architecture programme has digitised and reimagined credit processes through a unified platform that has improved the productivity and efficiency of its credit teams Continue Reading
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Feature
23 Mar 2021
Anti-money laundering technology must operate in a collaborative ecosystem
With new technologies making it easier for banks to spot money laundering activity, we look at why the problem persists at scale, finding that ecosystems and collaborative processes need to be built Continue Reading
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News
22 Mar 2021
Post Office staff instructed to shred documents that undermined its claims Horizon was robust
Barrister advising the Post Office in 2013 stated that destroying documents would "amount to a conspiracy to pervert the course of justice" Continue Reading
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News
19 Mar 2021
Post Office IT scandal executive forced out of job at Football Association of Wales
Angela van den Bogerd has left her role at the Football Association of Wales, following criticism of her part in Post Office IT scandal Continue Reading
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News
17 Mar 2021
Capita restructures to simplify its business
Business services supplier creates two core units that focus on public sector and commercial enterprise customers and will sell off non-core assets Continue Reading
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News
16 Mar 2021
One-fifth of all UK tech investment went to just 10 scaleup firms in 2020
Annual Tech Nation report shows UK technology firms saw record levels of investment in 2020, but a significant proportion of it was concentrated in a small number of scaleup enterprises Continue Reading
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News
16 Mar 2021
Insurers unable to fill a quarter of tech roles
Insurance companies need to fill tech skills gaps if they are going to prosper in the age of insurtech Continue Reading
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News
16 Mar 2021
Banks still lack tech skills at the top
Banks have made progress in adding IT knowledge in their boardrooms, but they need more as digital transformation accelerates Continue Reading
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News
09 Mar 2021
UK's Starling Bank reaches unicorn status
UK app-based bank Starling reaches unicorn status following its latest round of funding Continue Reading
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News
09 Mar 2021
EBA restores services after Microsoft Exchange attack
European Banking Authority was breached through vulnerabilities in Microsoft Exchange Server, but is now back online Continue Reading
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09 Mar 2021
Goldman Sachs CEO comments highlight need for home working balance
The remote working revolution has been prominent in the banking sector and organisations have a balancing act to perform once the pandemic passes. Continue Reading
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News
08 Mar 2021
Wipro makes its biggest acquisition ever with $1.45bn takeover
Indian IT services supplier Wipro makes biggest acquisition in its history as it bolsters consultancy offering Continue Reading
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News
08 Mar 2021
Nordic innovators change emphasis on gender equality in society
Female technology innovators in the Nordics take a different approach to trying to improve opportunities for women Continue Reading
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News
04 Mar 2021
Bank of Ireland to reduce branch network by almost half
Bank of Ireland is latest bank to pin its future on digital channels as customers change their banking habits Continue Reading
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News
04 Mar 2021
UK contactless payment limit more than doubled
UK increases the amount that can be spent in one go using a contactless payments card to £100 Continue Reading
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News
03 Mar 2021
CIO interview: Laura Dawson, CIO, London School of Economics
LSE’s CIO talks about focusing on team development, her vision of creating a connected network of technologists, and the impact of the Covid-19 pandemic Continue Reading
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News
02 Mar 2021
Goldman Sachs CEO comments highlight need for home working balance
The remote working revolution has been prominent in the banking sector and organisations have a balancing act to perform once the pandemic passes Continue Reading
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News
02 Mar 2021
HSBC offers to help customers transitioning to digital banking as branch closures continue
HSBC is offering its customers training in how to bank digitally in a safe and effective way as it, like many banks, moves customers out of branches and towards using online services Continue Reading
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News
26 Feb 2021
It’s now or never for UK fintech, government told
The UK government faces a ‘now or never’ moment if it wants financial technology to play a central role in the economy for years to come Continue Reading
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News
25 Feb 2021
UKtech50 2021: The most influential people in UK technology
Computer Weekly has announced the 11th annual UKtech50 – our definitive list of the movers and shakers in the UK tech sector Continue Reading
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News
25 Feb 2021
Tech-enabled hybrid working enables HSBC to cut 40% of its global office space
Bank is making huge reductions in the amount of office space it uses through a global hybrid-working policy Continue Reading
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News
23 Feb 2021
BBVA teams up with Google Cloud for IT security strategy revamp
Spanish bank banking giant BBVA is forging even closer ties with long-standing technology partner Google Cloud to bolster the security posture of its IT infrastructure Continue Reading
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News
22 Feb 2021
UK government set to offer fintech visa
The importance of immigrant workers to the UK's fintech sector highlighted by government planned fintech visa Continue Reading
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News
22 Feb 2021
Pandemic has exposed fractures in cyber fraud strategy
RUSI report urges a bolder and more coordinated response to cyber-enabled fraud as the pandemic lays bear the scale of the problem Continue Reading
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News
19 Feb 2021
European Commission proposes UK data adequacy agreement
The publication of two draft data adequacy decisions brings the UK closer to a final positive decision, which will enable the continued free flow of data between the EU and the UK if green-lit by member states Continue Reading
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News
18 Feb 2021
Fingerprints will help payment cards retain relevance
Biometric payment cards using fingerprint technology could add billions to global banking revenues, says UBS Continue Reading
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News
17 Feb 2021
Swedish central bank extends digital currency project
Sweden's central bank has extended its pilot of a digital currency for at least another year Continue Reading
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News
16 Feb 2021
TransferGo to harness Google-inspired tech capability
Payments fintech TransferGo chooses cloud-native core banking platform to build a digital wallet and expand its services Continue Reading
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News
16 Feb 2021
Qatar regulator launches platform to monitor human understanding of financial crime
Qatari financial services regulator works with global body to provide digital platform to assess whether financial services workers understand how to prevent financial crime Continue Reading
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News
16 Feb 2021
IR35 private sector reforms: HMRC reminds firms to use ‘reasonable care’ when applying new tax rules
As the countdown to the IR35 reforms being rolled out to the private sector continues apace, HM Revenue and Customs issues compliance guidance for firms in-scope of the new rules Continue Reading
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News
15 Feb 2021
Digital investments will add £232bn to UK economy by 2040
The UK economy could grow by £232bn over the next two decades if investments in digital technologies continue Continue Reading
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News
15 Feb 2021
Post Office to offer digital ID services to customers
Post Office partnership with Yoti is intended to expand customer choice as to how people prove their identity when accessing services Continue Reading
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News
11 Feb 2021
Goldman Sachs reopens UK digital savings account
US banking giant resumes online account for UK savers after temporarily withdrawing it in response to high demand Continue Reading
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News
11 Feb 2021
Nationwide Building Society kicks off search for tech apprentices
Nationwide is working with local organisations to boost tech skills Continue Reading
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E-Zine
11 Feb 2021
CW Benelux: Is reluctance to report cyber crimes in the Netherlands helping the criminals get away?
According to an academic study in the Netherlands, only one in seven Dutch people report a cyber crime to the police when it happens - feeling it is better to sort the problem out themselves because they don’t think the police will do anything. This is storing up trouble as cyber crime is an increasing problem in the country. Also in this issue, read why Dutch bank ABN Amro is selling its head office. Continue Reading
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News
10 Feb 2021
Société Générale adopts work-from-home policy
French bank formalises remote working policy after discussions with labour unions Continue Reading
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News
10 Feb 2021
Century-old insurer uses low code as digital demands increase
Lloyds of London insurance and reinsurance broker Miller breaks from the past by adopting low-code software development platform Continue Reading
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News
09 Feb 2021
Russia’s Sber launches international AI contest for children
Children from across the world invited to take part in artificial intelligence competition launched by Russian bank-turned-tech business Continue Reading
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News
04 Feb 2021
Revolut rewrites policy to include permanent remote working
Challenger finance firm Revolut is redesigning its office spaces and introducing permanent remote working policies Continue Reading
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News
04 Feb 2021
Fraud and cyber crime still vastly under-reported
The scale of digitally enabled crime in the UK is dramatically under-reported, new statistics indicate Continue Reading
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News
03 Feb 2021
Has Covid-19 made bank branch closures easier to sell?
Big banks continue to close branches and invest more in technology as the Covid-19 pandemic makes a case for digital banking Continue Reading
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News
03 Feb 2021
Google grows cloud sales as parent’s profits top $40bn
Alphabet announces massive overall profits and increased Google cloud sales Continue Reading
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News
02 Feb 2021
Nordic countries dominate European online banking take-up
Nordics dominate online banking take-up in Europe, but the UK is not far behind Continue Reading
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News
02 Feb 2021
Financial services giants form EU-focused coalition to boost sector’s public cloud adoption pace
A dozen or so European financial institutions have joined forces to stimulate the pace of public cloud adoption in the sector Continue Reading
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News
01 Feb 2021
IR35 private sector reforms: Zurich Insurance under fire over contractor blanket ban
Zurich Insurance is the latest high-profile financial services company to declare contractors can only continue to engage with it via umbrella setups from April 2021, ahead of the IR35 rules coming into force Continue Reading
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News
29 Jan 2021
Commerzbank announces big job cuts and branch closures
German bank is closing hundreds of branches and cutting thousands of jobs as it reshapes for the digital age Continue Reading
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News
28 Jan 2021
JP Morgan Chase hires for UK digital bank launch
US banking giant hires in the UK in preparation for digital consumer bank launch Continue Reading
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News
28 Jan 2021
Contactless payment limit could rise to £100 as FCA seeks industry views
UK financial services regulator is considering raising the contactless card payment limit to £100 Continue Reading
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News
27 Jan 2021
Yorkshire Building Society migrating application development to improve customer satisfaction
Yorkshire Building Society is moving to new application development platform to support the creation of customer-friendly online services Continue Reading
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News
26 Jan 2021
Customers turn to cash as IT issue hits card payments at major supermarkets
IT problem at payment processing company has forced shoppers to resort to cash in Morrisons and Co-op stores Continue Reading
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News
26 Jan 2021
Cyber fraud a national security issue, says Rusi report
A report from the Rusi think tank calls for fresh approaches to how we think about fighting fraud Continue Reading
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News
25 Jan 2021
Are banks overburdened with responsibility for money lost to online scams?
Bank boss calls for cross-industry cooperation to reduce scams that trick people into making instant payments online Continue Reading
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News
22 Jan 2021
Nine out of 10 UK card payments in 2020 were contactless
Contactless cards payments accounted for around 90% of card payments in the UK in 2020 Continue Reading
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News
21 Jan 2021
UKtech50 2021: Vote for the most influential person in UK technology
Our judges have picked a shortlist, and now we invite readers to tell us who should be chosen as the most influential person in the UK tech scene for 2021 – submit your vote now Continue Reading
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News
20 Jan 2021
HSBC closing more branches as customers turn to digital channel
Bank announces branch closures as it reshapes its network for the digital age Continue Reading
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News
19 Jan 2021
Questions raised by New Zealand central bank boss, following cyber attack investigation
The governor of New Zealand’s central bank said the organisation must answer questions about its security following a ‘significant’ attack Continue Reading
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News
18 Jan 2021
UKtech50: The 2021 longlist
Each year, Computer Weekly launches its annual search for the most influential people in UK IT, where the tech industry nominates who it thinks should be in the top 50 – here is the longlist for 2021 Continue Reading
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News
15 Jan 2021
Tech partnership to drive Finland’s quantum computing project
Organisations in Finland are developing quantum computing capabilities through a state and private sector partnership Continue Reading
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News
14 Jan 2021
Experian calls for less bureaucratic data regulations
Open banking requires cross-industry collaboration, but sharing personal data requires explicit consent, which can become a bottleneck Continue Reading
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News
14 Jan 2021
Numbers stack up for UK open banking three years on
Three years have passed since open banking regulations came into force and momentum is gathering Continue Reading
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News
13 Jan 2021
Three-quarters of finance firms report more potentially criminal activity in their networks
Fears of failing to comply with strict regulations grow as financial services firms identify more suspicious financial activity on their networks Continue Reading
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News
13 Jan 2021
European IT outsourcing spend up in 2020 after cloud boost
IT outsourcing sector growth is an indication that businesses are beginning to see light at the end of the tunnel amid the Covid-19 pandemic and the economic disruption it has brought Continue Reading
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News
12 Jan 2021
Retail giant Walmart to launch a fintech
Fintech will be geared towards offering the services Walmart’s customers and employees want Continue Reading
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News
12 Jan 2021
IR35 private sector reforms: Research highlights lack of preparedness ahead of April 2021 start date
As the private sector start date for the IR35 reforms looms large, research suggests some companies are still dragging their feet with their preparations Continue Reading
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News
12 Jan 2021
Bahrain hopes 5G roll-out will attract more tech firms to its shores
Bahrain has completed its 5G roll-out, which will support its IT infrastructure in creating the right environment for technology firms Continue Reading
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News
11 Jan 2021
Jobs in fintech bounce back after brief lockdown lull
Fintechs and payments companies need to make staff recruitment a priority as talent pool shrinks Continue Reading
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News
11 Jan 2021
New Zealand central bank IT system breached in cyber attack
Bank is responding to a cyber attack after hackers breached the system of a third-party supplier Continue Reading
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News
08 Jan 2021
Which? online banking investigation reveals ‘worrying gaps’ in security
Consumer rights organisation has ranked the security of UK online current account providers Continue Reading
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News
07 Jan 2021
Trump bans Chinese payment apps
US president signs executive order banning the use of Chinese payments app, citing national security risks Continue Reading
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News
07 Jan 2021
DBS opens tech academy in skills training drive
The DBS Future Tech Academy will focus on training the bank’s technologists in three disciplines for a start – site reliability engineering, data processing and analytics, and application security Continue Reading
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Opinion
06 Jan 2021
Why Jack Ma might be too good a tech entrepreneur for China's leaders
Tech pioneer Jack Ma is facing new regulatory pressure from the Chinese authorities – is this some ideological spat, or simply that he's too good at what he does compared to the state-owned financial system? Continue Reading
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News
05 Jan 2021
Huawei battles for market access in Nordics
Chinese networking equipment supplier Huawei fights to retain access to potential 5G contracts across the Nordic region Continue Reading
