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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News
05 Jan 2021
Banking trade body calls for increased contactless payment limit
UK Finance proposes an increase in the limit on spending using contactless cards Continue Reading
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News
05 Jan 2021
AAT calls on government to re-think the Making Tax Digital exemption threshold
The Association of Accounting Technicians calls for improvements to HM Revenue and Customs’ Making Tax Digital programme, and says the exemption threshold, currently at £10,000, should be raised Continue Reading
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Opinion
05 Jan 2021
The tech sector cannot build back better from the kitchen table
While technology has supported the lockdown economy by allowing millions to work from home, the in-person collaboration and shared experience on which the tech sector thrives will need to return soon Continue Reading
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News
31 Dec 2020
Pandemic heroes dominate New Year Honours List 2021
The New Year Honours List 2021 is remarkable for its recognition of those who have excelled during the Covid-19 public health emergency, including digital and data professionals Continue Reading
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News
29 Dec 2020
Top 10 financial services stories of 2020
Here are Computer Weekly’s top 10 financial services IT stories of 2020 Continue Reading
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News
24 Dec 2020
Top 10 Middle East stories of 2020
Here are Computer Weekly’s top 10 Middle East stories of 2020 Continue Reading
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News
22 Dec 2020
Swedish central bank moves e-krona project to next stage
Riksbank takes digital currency project to the next phase with Accenture building a platform to test the concept Continue Reading
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News
21 Dec 2020
Top 10 enterprise IT in the Nordics stories of 2020
Here are Computer Weekly’s top 10 Nordic enterprise IT stories of 2020 Continue Reading
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News
18 Dec 2020
Prepare for bringing people back to the office with the Nordic tech startup blueprint
Business can learn lessons from Nordic tech startups to prepare employees to return to the office after Covid restrictions Continue Reading
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News
17 Dec 2020
Post Office suffers latest court defeat in Horizon IT scandal
Court of Appeal indicates subpostmasters can pursue appeal route that could do more damage to Post Office’s reputation Continue Reading
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Opinion
17 Dec 2020
How 5G is going to transform digital banking in 2021
Covid-19 has accelerated digital banking this year and 5G promises to have an even bigger impact next year Continue Reading
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News
17 Dec 2020
Danske Bank fights money laundering with AI
Danske Bank is using artificial intelligence to help it prevent a repeat of the huge money laundering scandal that hit one of its operations in Estonia Continue Reading
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News
15 Dec 2020
Covid-19 sparks boom in Middle East digital payments sector
Stubborn cash use could fall in the Middle East after an acceleration in the take-up of digital payments amid the coronavirus pandemic Continue Reading
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News
15 Dec 2020
Interview: Sudaman Thoppan Mohanchandralal, chief data and analytics officer, Allianz Benelux
The financial services firm is demonstrating the value of the chief data officer role Continue Reading
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News
11 Dec 2020
Agility key to pandemic recovery, say APAC CFOs
Chief financial officers in the Asia-Pacific region call for financial transformation to bring about the agility that their organisations need to tide over the pandemic Continue Reading
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News
10 Dec 2020
Challenger banks hindered by lack of customer confidence
Despite an acceleration in the use of digital banking services, challenger banks face the obstacle of winning customer trust Continue Reading
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E-Zine
10 Dec 2020
CW Europe: Tour de France fans get a virtual experience
The organisers of this year's Tour de France worked with technology services company NTT in partnership with Amaury Sport Organisation to provide what they described as an “enhanced experience” for race fans who could not be at the roadside because of Covid restrictions. Also read why Deutsche Bank has agreed to sell its retail banking IT operation to one of its main IT suppliers for a token €1. Read the issue now. Continue Reading
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News
08 Dec 2020
Societe Generale latest banking giant to cut costs and increase digital investment
French bank Societe Generale is merging two retail brands and increasing investment in its digital offering to meet its ambitious customer acquisition plans Continue Reading
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News
07 Dec 2020
Singapore government to boost blockchain adoption
Singapore government unveils S$12m programme to promote development and adoption of blockchain applications beyond financial services Continue Reading
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News
04 Dec 2020
What next for the now-profitable app-based Starling Bank?
Starling bank is the first of the new breed of UK digital banks to make a profit, so where next? Continue Reading
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News
03 Dec 2020
Allied Irish Bank prioritises digital services as it cuts workforce
Bank is cutting its operating costs by 10% with job cuts and facility closures, but will continue to invest heavily in technology Continue Reading
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News
03 Dec 2020
Bank of England enlists development partner to unlock cloud
Bank has agreed a two-year deal with a cloud development platform provider as it seeks to take its cloud journey to the next level Continue Reading
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News
03 Dec 2020
Lax Android app developers putting millions of users at risk
Eight months after Google patched a critical vulnerability, developers have failed to update their apps, putting millions of users of apps such as dating services Bumble and Grindr at risk Continue Reading
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News
02 Dec 2020
CIO interview: John Davison, First Central Group
For the last nine years, John Davison has provided an IT strategy to drive business operations. Automation is the next phase of that strategy Continue Reading
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News
01 Dec 2020
ABN Amro to sell head office as it focuses on enabling remote working
Dutch bank is selling its head office and redesigning another facility to facilitate increased home working Continue Reading
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News
01 Dec 2020
22,000 malicious .uk domains suspended in past year
Nominet has suspended just over 22,000 domains in the 12 months to 31 October 2020, continuing a downward trend, and with less impact from Covid-19 than might be expected Continue Reading
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News
01 Dec 2020
Government covers its ears as complaint by victims of Post Office abuse heads to ombudsman
Government denies responsibility for the abuse inflicted on subpostmasters by the Post Office over faulty IT system Continue Reading
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News
30 Nov 2020
$60m Middle East tech fund targets 120 startups
Venture capital fund expects rapid regional technology growth in the post-Covid-19 world Continue Reading
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News
27 Nov 2020
CIO interview: Simon Bateman, Allica Bank
Challenger bank has built its entire core banking system from scratch using the Azure public cloud and an API ecosystem Continue Reading
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News
26 Nov 2020
Data safes will give users control over their data
Belgian computer scientist tells Computer Weekly how people can regain control of their online personal information Continue Reading
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News
26 Nov 2020
Robots taking jobs, but creating careers
Robotic process automation developers tell Computer Weekly about the job they never expected to be doing Continue Reading
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E-Zine
26 Nov 2020
CW Nordics: Bank branch closures continue as digital banking grows
Sweden’s Handelsbanken is cutting its branch network by nearly half, which means more money will be invested in IT. But it’s not just Sweden and the Nordics – banks across the world are watching the fintech industry demonstrate to consumers what banking can be like if the right technology is in place. Also in this issue, read about the Norwegian government’s decision not to implement an outright ban on the use of 5G equipment supplied by China's Huawei. Continue Reading
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News
25 Nov 2020
Securing UK’s critical national infrastructure is a 2021 priority
Government outlines the UK’s strategic cyber security policies for the coming 12 months, with critical national infrastructure a clear priority Continue Reading
- 25 Nov 2020
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News
24 Nov 2020
Fintechs take stock amid economic shocks
Survey reveals that the top priority for 10% of UK fintechs next year will be to survive the double blow of Covid-19 and Brexit Continue Reading
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News
23 Nov 2020
Finnish finance giant pilots fingerprint payments
OP Financial introduces biometric security technology to enable higher-value payments to be made safely using contactless cards Continue Reading
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News
17 Nov 2020
HMRC warns over uptick in Self Assessment tax scams
HMRC issues updated warnings as 2021 Self Assessment deadlines loom Continue Reading
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News
17 Nov 2020
Financial services data volumes heighten risk of insider breach
Financial services organisations hold so much data that it is becoming virtually impossible to safeguard properly against data breaches caused by malicious or careless employees Continue Reading
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17 Nov 2020
Mastercard: Looks like a tech firm, acts like a tech firm, is a tech firm
Financial services giant finds itself in a prominent position as the volume of digital transactions increases Continue Reading
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E-Zine
17 Nov 2020
How Mastercard is taking digital payments into a new era
In this week’s Computer Weekly, we talk to Mastercard about how the credit card giant is using new technologies to take digital payments into a new era. After months of unprecedented uncertainty, we ask CIOs how they are planning for the next 12 months. And we examine how the growth in remote working will affect IT salaries. Read the issue now. Continue Reading
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News
13 Nov 2020
IT Priorities 2020: European IT budget share reflects home-working challenges brought by Covid
European organisations are being forced to redivert more limited budgets during the pandemic Continue Reading
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News
13 Nov 2020
Ticketmaster fined £1.25m by ICO for failing to protect customer data
Ticket website’s customer data was exposed through an attack on a third-party chatbot Continue Reading
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News
13 Nov 2020
UKtech50 2021: 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 on – let us know who you would like to nominate for this year’s list Continue Reading
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News
12 Nov 2020
Financial Stability Board says it’s time to talk about IT outsourcing risks
International organisation that monitors the finance sector asks for the industry to discuss the risks that IT outsourcing brings to the sector Continue Reading
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E-Zine
12 Nov 2020
CW Benelux: Dutch Alzheimer’s app helps dementia patients
An app aimed at helping dementia patients and their families has been developed by the Alzheimer Society in the Netherlands. Also in this issue, read about a Belgian startup's app based on blockchain technology to help container handling at ports, and why Rabobank ditched its legacy backup. Continue Reading
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News
12 Nov 2020
TCS acquires Prudential Financial tech operation unit for free
Hot on the heels of its €1 acquisition of Deutsche Bank’s Postbank Systems IT unit, TCS has taken on 1,500 people from the insurance giant’s Ireland-based IT unit Continue Reading
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News
11 Nov 2020
Tim Berners-Lee startup releases decentralisation tech to enterprises
Roll-out of Inrupt’s decentralised privacy technology to four large organisations is helping the startup to develop explicit use cases, which it hopes will prove the tech and lead to faster adoption Continue Reading
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News
11 Nov 2020
Norway has lowest physical cash use in the world, says report
Norway claims to use less cash as a proportion of total spending than any other country across the globe, according to a study by its central bank Continue Reading
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News
11 Nov 2020
Lack of openness on Horizon errors remains as Fujitsu refuses to explain latest outage
Subpostmasters are being kept in the dark about errors in the branch computer system they use, despite the Post Office and Fujitsu being slammed in court over their lack of openness Continue Reading
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News
10 Nov 2020
Deutsche Bank to sell retail banking IT unit to TCS for €1
Deutsche Bank has agreed to sell its retail banking IT operation to one of its main IT suppliers for a token €1 Continue Reading
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News
09 Nov 2020
Tampere’s perfect storm triggers a startup revolution
Previously a hub for Nokia and Microsoft, Finland’s second-largest city is capitalising on a wealth of technical knowhow to become the dark horse of the Nordic startup scene Continue Reading
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News
05 Nov 2020
Consumer rights organisation warns of computer takeover scams
Consumers warned to be on guard against criminals pretending to be IT support staff to gain access to personal banking information Continue Reading
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News
05 Nov 2020
BBVA creates market information infrastructure on AWS cloud
Spanish bank BBVA is using Amazon Web Services to give its traders better access to market data following a project which also involved data provider Bloomberg Continue Reading
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News
05 Nov 2020
Mastercard: Looks like a tech firm, acts like a tech firm, is a tech firm
Financial services giant finds itself in a prominent position as the volume of digital transactions increases Continue Reading
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News
04 Nov 2020
Nordic countries to develop common digital system
Common digital platform will help small and medium-sized enterprises across the Nordic region with data sharing Continue Reading
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News
04 Nov 2020
Contractors claim IR35 reforms pose ‘bigger threat’ to their livelihoods than Covid-19 or Brexit
Latest poll by contractor tax consultancy Qdos suggests freelancers are less concerned about the threat the coronavirus and Brexit pose to their businesses than the havoc the IR35 private sector reforms might cause Continue Reading
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News
03 Nov 2020
Robot lawyer gets Sberbank role
Russia's largest state-owned bank creates a robot lawyer to reduce the time taken to process documents and make decisions based on them Continue Reading
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E-Zine
03 Nov 2020
The UK government’s ‘flawed and misleading’ Covid-19 data
In this week’s Computer Weekly, the coronavirus data relied upon by the UK government is ‘flawed and misleading’ say experts – we examine the implications. Ikea talks about how it turned to the cloud to deal with the impact of the pandemic. And we look at the digital transformation underway at credit card giant Capital One. Read the issue now. Continue Reading
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News
02 Nov 2020
Finnish government rolls out digital projects to support SMEs
Finland is set to create network of technology hubs that will support SMEs in the country, as well as create links across the EU Continue Reading
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News
27 Oct 2020
ICO slams Experian over ‘invisible’ data processing
Data processing practices used by Experian broke data protection law, says Information Commissioner’s Office Continue Reading
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News
27 Oct 2020
Covid crisis proves tech can replace office space and support cost-cutting at Barclays
Bank says it will continue to look at its use of office space as it targets further cost-cutting measures Continue Reading
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News
26 Oct 2020
Dutch government ‘unambitious’ in digital
The Netherlands has been working at home as much as possible since the outbreak of Covid-19, but its dependence on technology and connectivity does not seem to be reflected by the government’s approach to digitisation Continue Reading
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News
26 Oct 2020
Cooperation between Norway’s security agencies planned following cyber attack on parliament
Government seeks to develop enhanced national IT infrastructure with an embedded early warning system and defence shield to protect the IT systems of public and private organisations Continue Reading
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News
23 Oct 2020
Deutsche Bank in talks over sale of IT unit to TCS
German bank is said to be in negotiations to sell its retail banking IT operation to Indian IT giant Continue Reading
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News
22 Oct 2020
Nordic countries in denial over IT industry equality
Arriving in Denmark to find she was the only woman on a computer science master’s course was a shock to Plamena Cherneva Continue Reading
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News
22 Oct 2020
ANZ Bank moves digital banking services to container platform
Australia’s largest bank now runs 30% of its internet banking services on Red Hat OpenShift in a move that has energised developers and paved the way for more automation Continue Reading
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Opinion
21 Oct 2020
From compliance to open banking to embedded finance – all thanks to APIs
The road to embedded finance, banking and insurance with APIs is full of promise – and banks should take it for a journey to a better world of finance Continue Reading
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News
21 Oct 2020
Financial services staff want work-from-home policies to continue after Covid
About half of workers in the finance sector want their employers to retain remote working policies brought in during the pandemic Continue Reading
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News
19 Oct 2020
London’s fintechs continue to attract investment
The capital’s fintechs continue to attract large volumes of venture capital funds despite the global economic slowdown Continue Reading
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News
19 Oct 2020
Estonian rude awakening spurs tech startup activity
Money laundering scandal in Estonia has sparked tech startup activity in the Baltic country as banks look for answers Continue Reading
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News
16 Oct 2020
UK announces proposals to protect cash amid evolution of digital payments
Government wants to ensure access to physical currency by consumers at retailers of all sizes Continue Reading
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News
16 Oct 2020
CIO interview: Generali’s Yanna Winter on the power of data integration
Yanna Winter, CIO and head of IT at insurance firm Generali, discusses how to slice up the legacy IT elephant in the room to enable data-driven applications Continue Reading
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News
14 Oct 2020
Fintech ‘unicorn’ Klarna probed over data misuse
Online bank blames misuse of user data on human error as Information Commissioner’s Office weighs in Continue Reading
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News
12 Oct 2020
Challenger bank accessing latest anti-money laundering technology through fintech
Challenger banks works with fintech to support its anti-money laundering efforts Continue Reading
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News
12 Oct 2020
UK economy could see blockchain boost worth £57bn by 2030
Blockchain could provide major economic benefits by being used to track and trace products and services Continue Reading
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News
09 Oct 2020
Magecart strikes website of school payments service Wisepay
Magecart credit card skimmer harvested financial data of users of Wisepay’s platform over a two-day period Continue Reading
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News
07 Oct 2020
Consumers find new payment methods during pandemic
Non-cash payments have grown at their fastest rate for a decade and due to Covid-19 restrictions, more people are discovering different ways to pay Continue Reading
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News
07 Oct 2020
UK accounts for 45% of Europe’s card fraud as criminals target online transactions
Payment card fraudsters steal €1.5bn, with card-not-present attacks accounting for three-quarters of this sum Continue Reading
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News
05 Oct 2020
HMRC warns locked-down freshers of ‘wave’ of tax scams
New university intake may be being targeted by cyber criminals amid Covid-19 confusion Continue Reading
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News
05 Oct 2020
Regulator wants fintechs to address pandemic financial challenges
UK financial services regulator is supporting fintechs in addressing some of the challenges consumers and small businesses face amid the current pandemic Continue Reading
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News
05 Oct 2020
TSB mobile banking problems a reminder of risk of reliance on digital
TSB customers have had problems accessing the mobile banking app just days after the bank announced it was closing 164 branches Continue Reading
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Opinion
01 Oct 2020
How AXA Investment Managers supports user experience through the ‘confinement’
The head of AXA IM’s proximity services discusses the importance of creating a digital experience during the lockdown in France Continue Reading
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News
01 Oct 2020
Children’s debit card provider Gohenry banks on Google Cloud to ease IT infrastructure growing pains
The CTO and COO of child-focused, parent-controlled debit card service provider Gohenry discusses how moving to the Google Cloud has helped its IT infrastructure avoid user-related growing pains Continue Reading
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News
30 Sep 2020
Norway leaves door open to Huawei
Government gives telecoms companies responsibility to choose their equipment suppliers, which could include Huawei Continue Reading
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News
29 Sep 2020
Over two million Brits using open banking
Data shows more than two million people in the UK are now taking control of their financial data through open banking Continue Reading
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News
29 Sep 2020
NatWest offers online banking customers free security services
Bank responds to a surge in cyber crime targeting users of online banking services Continue Reading
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29 Sep 2020
Can banks solve money laundering puzzle through technology?
Banks face a huge challenge in identifying and stopping money laundering without interfering with police investigations. Continue Reading
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E-Zine
29 Sep 2020
How supply chain management is changing after Covid-19
In this week’s Computer Weekly, we examine the profound changes in supply chain management as a result of the global pandemic. We find out how digital experience platforms can help deliver an omni-channel web presence. And we look at the role of technology in cracking down on international money laundering. Read the issue now. Continue Reading
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News
24 Sep 2020
Can banks solve money laundering puzzle through technology?
Banks face a huge challenge in identifying and stopping money laundering without interfering with police investigations Continue Reading
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News
23 Sep 2020
Over half of firms intend to continue US data transfers despite Schrems II
Survey shows many organisations do not intend to significantly change their data-sharing practices, at least until there is more guidance from regulators or governments Continue Reading
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News
23 Sep 2020
Latest Tech Nation fintech cohort reflects diversifying sector
The latest group of fintechs accepted into Tech Nation’s growth programme reflects the diversification of a maturing sector Continue Reading
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News
23 Sep 2020
Banks stall return-to-work plans as UK government changes advice
Banks pause plans to bring staff back to the office as the government backtracks on its policy Continue Reading
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Opinion
23 Sep 2020
Top 10 skills to include in your IT CV
Find out what skills and keywords you should include on your CV to stand out as an IT professional in a competitive market Continue Reading
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News
21 Sep 2020
Royal Mint coin production freeze points to digital future for small payments
Royal Mint freezes production of certain coins as demand dries up amid changing consumer habits Continue Reading
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News
17 Sep 2020
Swedish bank cuts branches and jobs, increases IT spend
Swedish bank is increasing investment IT to improve digital banking as it reduces its branch network Continue Reading
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News
16 Sep 2020
Banks report surge in impersonation scams
Fraudsters are using the Covid-19 crisis to trick people into transferring money to them Continue Reading
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News
16 Sep 2020
Deutsche Bӧrse tackles VMware application migration with Google Cloud
German financial exchange firm provides an update on its progress in its move to embrace a hybrid IT and multicloud future Continue Reading
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News
14 Sep 2020
Fintech Pledge launched to strengthen UK’s financial technology sector
The Fintech Pledge initiative is designed to foster closer collaboration between banks and fintechs so that the UK can continue building a globally competitive fintech ecosystem Continue Reading
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14 Sep 2020
IT expertise in banking boardrooms reduces risk, finds Europe’s central bank
Banks with more IT knowledge in the boardroom are more realistic about risk, according to Europe’s banking regulator Continue Reading
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E-Zine
14 Sep 2020
CW Europe: IT expertise in banks’ boardrooms reduces risk, says European regulator
Banks have for many years been underpinned by vast IT operations, but in the age of digital banking the IT is now front, centre and back of operations. It is therefore surprising that there are relatively few IT professionals sitting on the boards of Europe’s big banks. Read the issue now. Continue Reading
