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
11 Sep 2020
Santander to double investment in fintechs
Santander is doubling the amount of money it invests in fintech startups after the success of its funding arm, which was established in 2014 Continue Reading
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News
09 Sep 2020
Branch-based anti-fraud scheme to be expanded to online banking
A successful branch-based anti-fraud scheme will be expanded by banks to include online and telephone banking Continue Reading
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News
09 Sep 2020
Abu Dhabi government launches peer-to-peer coding campus
Abu Dhabi government launches a specialist programming school that uses peer-to-peer teaching methods and gamification Continue Reading
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News
08 Sep 2020
Nordic banks invest and innovate to keep digital rivals at bay
Large traditional banks are accelerating their digital transformations as the regional fintech sector makes its presence felt Continue Reading
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News
07 Sep 2020
Artificial intelligence keeps HSBC ATMs stocked with cash
HSBC is using artificial intelligence technology developed in-house to help it make sure ATMs are appropriately stocked with cash Continue Reading
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News
07 Sep 2020
Dutch bank set to save €5m via Veeam backup upgrade
Rabobank ditched legacy backup where patching took months and restores took hours. Those times are now cut down massively and the bank has a readily available test environment Continue Reading
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News
04 Sep 2020
Covid-19 has strained London tech firms but they have central role in recovery
London tech startups are feeling the effects of the economic slowdown brought on by Covid-19, but there is a huge opportunity for those with the right focus Continue Reading
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News
04 Sep 2020
Virtual London Tech Week is a sign of the future
London Tech week's virtual event is another sign of how the Covid-19 pandemic has accelerated digital transformation Continue Reading
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News
03 Sep 2020
Phishing scam targets Lloyds Bank customers
Bank customers warned of emails and SMS messages that direct them to a fraudulent site and then request account log-in details Continue Reading
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News
03 Sep 2020
Insurers accept they were slow to adopt digital
Insurance companies know they must prioritise digital investment and are planning in-house development to help make up lost ground Continue Reading
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News
02 Sep 2020
UK to build commercially available quantum computer
The UK government is backing a quantum computing project that will provide businesses with access to the technology Continue Reading
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News
01 Sep 2020
UBS streamlines software product development with GitLab
The bank hopes to double the speed of software development, testing and deployment to support applications for clients Continue Reading
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News
01 Sep 2020
Norway’s corporates want government to support ‘herd immunity’ to cyber attack
Leading business organisations in Norway call on government to play a more active role in improving and coordinating the country’s cyber defences Continue Reading
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News
01 Sep 2020
How Bank Mandiri is driving the use of big data analytics
Indonesia’s largest bank has built a big data platform to track transactions and monitor the health of its workforce, among other big data analytics initiatives Continue Reading
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News
31 Aug 2020
How India’s Tata Capital is expanding its digital footprint
Tata Group’s financial services arm has been migrating branch walk-ins and voice calls to self-service digital channels staffed by chatbots as it expands its digital footprint Continue Reading
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News
28 Aug 2020
New Zealand activates security services as DDoS outage enters fourth day
New Zealand government calls in its national cyber security agencies to help investigate a continuing cyber attack on the country’s financial systems Continue Reading
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News
27 Aug 2020
DDoS downs New Zealand stock exchange for third day
Distributed denial of service attack from overseas has left stock exchange offline for days Continue Reading
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News
27 Aug 2020
Financial services business leaders and CIOs disagree on IT infrastructure
IT leaders and senior business executives need to align their technology infrastructure priorities as businesses attempt to emerge from the Covid-19 crisis Continue Reading
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News
27 Aug 2020
CTO interview: David Rafalovsky, Sberbank Group
Russia’s Sberbank is well into its digital transformation journey, with artificial intelligence and supercomputing now at the centre of its plans Continue Reading
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News
26 Aug 2020
Co-operative cuts branch network and jobs
Co-operative bank will rely more heavily on its digital channels as 18 more branches are shuttered Continue Reading
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News
25 Aug 2020
North Korea’s Lazarus targets cryptocurrency vertical
APT group behind the infamous WannaCry incident is targeting cryptocurrency operators, according to new research Continue Reading
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News
17 Aug 2020
DBS Bank teams up with AWS on AI skills
Singapore’s DBS Bank is organising an AWS DeepRacer League to equip thousands of employees with skills in artificial intelligence and machine learning Continue Reading
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News
14 Aug 2020
Executive interview: Sri Shivananda, chief technology officer, PayPal
Computer Weekly talks to PayPal’s tech head about the payment provider’s SOA, security, open source and the lockdown Continue Reading
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News
10 Aug 2020
Gov.uk Verify continues to pose ‘notable risk’ to Cabinet Office
Government Digital Service put in place “unprecedented measures” in response to the Covid-19 coronavirus pandemic and built several new digital services, but its Gov.uk Verify programme continues to “pose notable risk” to the department, according to Cabinet Office annual report Continue Reading
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News
07 Aug 2020
Cyber attack combined with Covid-19 puts Travelex into administration
Foreign exchange firm Travelex has cut UK staff by 1,300 and physical outlets will remain closed Continue Reading
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News
07 Aug 2020
Challenger bank sees huge growth during pandemic
Starling Bank has seen a big increase in its business amid the Covid-19 slowdown Continue Reading
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News
05 Aug 2020
Netherlands investigates innovative privacy technology SSI
Dutch research organisation is looking into areas where self-sovereign identity technology could be used in society and business Continue Reading
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News
05 Aug 2020
Egypt’s datacentre plans take key step forward
Government lays the foundations for a datacentre industry with its new data protection law Continue Reading
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News
05 Aug 2020
Brits, terrified of impact of second Covid-19 wave on finances, turn to money management apps
People are using apps to help them manage their money amid fears of a second coronavirus lockdown in the UK Continue Reading
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News
04 Aug 2020
Google links with eight US banks for current accounts
Tech giant works with banks to layer digital services on top of secure and regulated banking infrastructures Continue Reading
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News
30 Jul 2020
Barclays CEO says Canary Wharf office set to stay despite home working success
Barclays chief says the success of home working during the Covid-19 pandemic has taught the banks lessons, one of which is that major centres like Canary Wharf will remain Continue Reading
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News
30 Jul 2020
Finland government funds work on potential quantum leap
Finland's government is committing money to the development of quantum computing technologies to potentially provide a giant leap for the nation's industries Continue Reading
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News
30 Jul 2020
Accenture selected for key role in Bank of England core settlement system replacement
Accenture will be technology delivery partner in project to replace the core system used to settle payments between banks Continue Reading
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News
29 Jul 2020
Bank of Ireland fined for six-year-old IT breach
Bank of Ireland fined by regulator for its failings to prevent fraud six years ago Continue Reading
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News
28 Jul 2020
Digital bank customer data breached through third party
FBI is investigating digital bank customer data breach that occurred via a former third-party supplier Continue Reading
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News
28 Jul 2020
UK government aims fintech industry at Africa
UK government is building fintech relationships with developing countries, beginning with a pilot programme in Africa Continue Reading
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E-Zine
28 Jul 2020
Meet the CIO connecting IT in the most inhospitable environments
In this week’s Computer Weekly, we discuss the challenges of running global IT in the world of copper mining. We look at how tech suppliers are adapting their products to meet the lockdown demands of working from home. And we exam-ine how zero-trust methods can help secure container tech-nology. Read the issue now. Continue Reading
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News
27 Jul 2020
CIO interview: Hany Choueiri, chief data officer, Aldermore Bank
Digital transformation, cloud and data science are central to the specialist bank's response to the coronavirus pandemic Continue Reading
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News
27 Jul 2020
UK fintech investment down by more than 30%
Less-established fintechs have been hit the hardest by the drop in investment capital, but there is light ahead for those that survive Continue Reading
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News
27 Jul 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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News
27 Jul 2020
CTO interview: TransferGo’s Edgardo Savoy discusses skills and product innovation
Improved user experience has opened up tech to many people, but ease of use distances young people from the tech going on under the hood Continue Reading
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News
22 Jul 2020
Lloyds bank buys into cloud-native payments
Lloyds Banking Group continues its digital journey by investing in and investigating a cloud-based payments service Continue Reading
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News
22 Jul 2020
New opportunities for Nordic startups post-Covid-19 as virtual offices become the norm
As companies adjust to digital office life in the pandemic era, a host of Nordic startups are already helping them convert these short-term fixes into long-term strategy Continue Reading
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News
22 Jul 2020
BNP Paribas joins IBM financial services cloud project
IBM’s financial services cloud is gathering steam as more banks join its public cloud ecosystem of finance firms and developers Continue Reading
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News
21 Jul 2020
Why now could be the right time to launch a digital bank
Launching a bank during a global crisis is fraught with risk, but an established customer base, experience, agility and diversification could help Zopa do just that Continue Reading
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News
21 Jul 2020
HMRC extends Making Tax Digital programme
Programme to be extended gradually until April 2023 to cover business below the VAT threshold and income tax self-assessments above £10,000 a year Continue Reading
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News
21 Jul 2020
Santander consumer arm to automate further after Nordic project
Time and cost savings achieved by RPA pilot were high and customer experience improved, says bank Continue Reading
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News
20 Jul 2020
Government launches fintech review
Sector review, first touted in the 2020 Budget, aims to find ways to boost competitiveness and growth Continue Reading
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News
17 Jul 2020
BBVA explores quantum computing for banking
Early results from BBVA's research into quantum computing shows that the technology's application in complex computational tasks in banking is not far away Continue Reading
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News
16 Jul 2020
IR35 private sector reforms: Government response to Finance Bill Sub-Committee inquiry slammed
Contracting stakeholders claim HMRC and HM Treasury are ‘burying their heads in the sand’ over impact IR35 reforms are set to have on the private sector Continue Reading
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News
16 Jul 2020
Banks face fairness challenges as they commit to AI technology
Banks working with artificial intelligence technology face governance challenges to ensure AI-based decisions are fair and ethical Continue Reading
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News
16 Jul 2020
Room for improvement in Dutch digital skills
The Netherlands has good telecommunications and IT networks that can be used safely and reliably, but there is room for improvement in digital skills among the Dutch Continue Reading
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News
15 Jul 2020
Huge declines in traditional outsourcing as Covid-19 puts a stop on deals
Traditional IT outsourcing deals value plummets in the last quarter as contracts dry up amid Covid-19 disruption Continue Reading
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News
15 Jul 2020
HSBC chooses AWS for public cloud business operations
HSBC will use a cloud platform from Amazon Web Services across its business operations to accelerate its public cloud use Continue Reading
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News
15 Jul 2020
Singapore’s Project Ubin hits commercialisation milestone
A blockchain payments network prototype spearheaded by Singapore’s central bank and its partners could speed up and lower the cost of cross-border payments Continue Reading
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News
14 Jul 2020
Standard Chartered latest bank to explore quantum computing
Standard Chartered is working with researchers to establish use cases for quantum computing in the banking sector Continue Reading
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News
09 Jul 2020
HSBC customers targeted in new smishing scam
SMS phishing scam is targeting HSBC customers in the UK to trick them into handing over their bank account details Continue Reading
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News
09 Jul 2020
Locked-down Nationwide staff make 2.5 million video calls in June
Home-working technologies are no longer just a contingency for large companies, with future working practices set to change Continue Reading
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News
09 Jul 2020
Dutch banking’s transaction monitoring utility gets green light
Plans for a shared utility to monitor financial transactions in the Netherlands have been given the go-ahead after six months of proving the concept Continue Reading
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News
09 Jul 2020
Most finance firms are multicloud, but many are unprepared for public cloud cyber attacks
Financial services firms are moving to the cloud at pace, but many are uncertain whether they could cope with an attack on an application based in the public cloud Continue Reading
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E-Zine
09 Jul 2020
CW Middle East: Facing up to coronavirus
The UAE, like the rest of the world, continues to be heavily impacted by the fallout of the Covid-19 pandemic – and technology is helping to lead the fight. Also read why the the Abu Dhabi National Oil Company sees its flagship digital project in high demand, and how the coronavirus has spurred the use of financial technology in Bahrain. Continue Reading
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News
09 Jul 2020
Tencent Cloud teams up with ADBC on banking services
Singapore’s Asia Digital Bank Corporation could leverage Tencent Cloud’s financial cloud platform to provide banking services to small businesses Continue Reading
- 08 Jul 2020
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News
08 Jul 2020
Over 15 billion credentials for sale on dark web
Research by Digital Shadows reveals the scale of the security threat facing consumers as it uncovers 15 billion usernames and passwords stolen in more than 100,000 different data breaches Continue Reading
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Feature
07 Jul 2020
Auditing for algorithmic discrimination
Despite the abundance of decision-making algorithms with social impacts, many companies are not conducting specific audits for bias and discrimination that can help mitigate their potentially negative consequences Continue Reading
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News
07 Jul 2020
Banks need to think like Google and not just follow it
Banks are recruiting senior thinkers from within the IT sector as digital transformations mature Continue Reading
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News
07 Jul 2020
MSP Xchanging attacked in ransomware incident
Specialist managed services provider is restoring customer access to systems after an unspecified ransomware incident Continue Reading
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News
01 Jul 2020
Société Générale acquires fintech challenger bank
French bank acquires Shine to expand its services to small businesses and entrepreneurs Continue Reading
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News
01 Jul 2020
FCA estimates about 2.6 million Brits have bought cryptocurrency
UK financial services regulator says there has been a significant increase in ownership of cryptocurrencies in the UK Continue Reading
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News
30 Jun 2020
BNP Paribas uses biometrics to increase contactless payment limit
French bank BNP Paribas is enabling customers to make higher value contactless payments through fingerprint-recognition technology Continue Reading
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News
26 Jun 2020
Standard Chartered embarks on virtual internship programme
Bank offers 300 candidates virtual placements on internship programme Continue Reading
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News
25 Jun 2020
Peer-to-peer lender Zopa gets full banking licence
Peer-to-peer lending pioneer works towards creating the ‘Netflix of banking’ Continue Reading
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News
18 Jun 2020
Nordic business is leading open banking charge in Europe
Nordic region has the right ingredients to prove open banking can benefit consumers, businesses and the economy Continue Reading
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News
18 Jun 2020
Datacentre investment boost as Norway’s government reinstates tax relief
Government reinstates datacentre energy tax relief for cryptocurrency mining organisations after investments in the country’s datacentres drops Continue Reading
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News
16 Jun 2020
Danske Bank begins process of creating autonomous development teams
Danish bank begins the process of changing how thousands of its staff work as it attempts to be more responsive to digital demand Continue Reading
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News
15 Jun 2020
Banking trojans roar back to prominence in May
Check Point sees an upswing in malicious activity around a number of classic banking trojan malware variants Continue Reading
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News
15 Jun 2020
NatWest develops behavioural biometrics as additional authentication
Bank is working with Visa to develop behavioural biometrics technology as an extra layer of invisible authentication Continue Reading
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News
12 Jun 2020
Brits get used to life without cash
British people are getting used to life without cash, as the Covid-19 lockdown forces the adoption of digital payments Continue Reading
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News
12 Jun 2020
Santander to recruit 3,000 more IT staff
Spanish bank to recruit a further 3,000 tech staff globally to accelerate its digital transformation Continue Reading
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News
12 Jun 2020
Fake contact-tracing apps delivering banking trojans
Spoof government coronavirus apps are popping up all over the world, says the Anomali Threat Research team Continue Reading
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News
11 Jun 2020
Tech firms respond to Nordic government calls
Nordic firms are working with tech suppliers to help them get back up and running after Covid-19 Continue Reading
- 11 Jun 2020
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E-Zine
11 Jun 2020
CW Europe: 5G rush in Russia
Russian mobile operators are pooling their resources to help them overcome the technical challenges of creating 5G networks. Also read why Swedbank is rebuilding its anti-money laundering systems, and how a public-private partnership in the Netherlands is combating business email compromise fraud. Continue Reading
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News
10 Jun 2020
Coronavirus: Danske Bank to make permanent changes to working practices
Danske Bank has seen the value of remote working during the unplanned proof of concept triggered by the Covid-19 pandemic Continue Reading
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News
10 Jun 2020
CaixaBank introduces facial recognition ATMs
Spanish bank broadens its use of facial recognition technology on cash machines Continue Reading
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News
09 Jun 2020
Bankers say artificial intelligence will separate winners and losers
The application of artificial intelligence at banks will be the difference between the ones that succeed and the ones that fail in the coming years Continue Reading
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News
05 Jun 2020
Businesses develop apps quickly to manage disruption of Covid-19
Healthcare companies, insurers, government agencies and big tech companies have used technology from Pegasystems to develop apps to manage the disruption caused by coronavirus Continue Reading
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News
05 Jun 2020
Coronavirus: Digital bank Monzo cuts 120 staff
Digital challenger Monzo has announced 120 job cuts as it navigates the current economic slowdown Continue Reading
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News
05 Jun 2020
CaixiaBank gets ready to modernise IT using IBM Cloud Pak
Spanish bank extends IBM relationship with the roll-out of Cloud Pak to modernise IT, which it says will allow it to innovate in quantum computing and blockchain Continue Reading
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News
05 Jun 2020
London Tech Week to go ahead through Zoom
London Tech week will go ahead next week, with the tech industry attending through Zoom Continue Reading
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News
04 Jun 2020
Dutch organisations invest heavily in compliance – but in vain
Despite the fact that companies in the Netherlands have invested heavily to comply with GDPR legislation introduced two years ago, 90% of them are still discovering fundamental weaknesses in their IT environment Continue Reading
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News
01 Jun 2020
Employees must be consulted on technologies monitoring the return to work
Experts say the workforce must be ‘in the room’ and given a meaningful say about technologies introduced to monitor their return to work following the Covid-19 pandemic Continue Reading
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News
01 Jun 2020
HSBC platform uses AI to analyse trading data thousands of times faster
HSBC is offering its US share trading customers artificial intelligence-powered insights into public information about listed companies Continue Reading
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News
01 Jun 2020
How Saudi Arabia is using cloud to navigate the Covid-19 downturn
Organisations in Saudi Arabia are using cloud computing services to help them navigate challenges caused by the coronavirus pandemic Continue Reading
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News
29 May 2020
UK fintech investment reaches record high
Huge increases in UK fintech investment over the past three years has seen the sector explode, but most of the activity is still concentrated in London Continue Reading
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News
28 May 2020
TSB Bank digitises banking forms in response to coronavirus lockdown
As part of its 2022 digital strategy, TSB has begun rolling out electronic forms designed in Adobe XD and processed using Adobe Sign Continue Reading
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News
26 May 2020
One-third of all bank jobs are now tech-related
The proportion of jobs in banks that are technology-related is growing quickly, accelerated further by the Covid-19 pandemic Continue Reading
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E-Zine
26 May 2020
Can Lady Gaga and Madonna get people to take IT security seriously?
In this week’s Computer Weekly, after hackers threatened to release data from a US law firm’s celebrity clients, will people finally take cyber security seriously? Designing software for older users makes systems better for all – we examine how. And the IT chief at TSB explains how the bank recovered from its 2018 IT disaster. Read the issue now. Continue Reading
- 22 May 2020
- 22 May 2020
