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
30 Dec 2019
Top 10 enterprise IT in the Benelux region stories of 2019
Here are Computer Weekly’s top enterprise IT stories from the Benelux region over the past year Continue Reading
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News
27 Dec 2019
Top 10 financial services IT stories of 2019
Here are Computer Weekly’s top 10 financial services and fintech stories of 2019 Continue Reading
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News
24 Dec 2019
Top 10 enterprise IT in the Middle East stories of 2019
Here are Computer Weekly’s top 10 enterprise IT in the Middle East stories of 2019 Continue Reading
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News
23 Dec 2019
Top 10 enterprise IT in the Nordics stories of 2019
Here are Computer Weekly’s top 10 Nordic enterprise IT stories of 2019 Continue Reading
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Feature
23 Dec 2019
Top 10 storage deployment stories of 2019
Here are ComputerWeekly’s top 10 storage deployment stories for 2019, which see quite a move away from traditional SAN and NAS to hyper-converged, software-defined storage and object storage Continue Reading
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News
20 Dec 2019
Has Y2K windowing been addressed by banks or is Y2.02K a risk?
Big banks that haven't replaced legacy systems or fixed temporary windowing solutions to Y2K could have problems at the beginning of 2020 Continue Reading
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News
18 Dec 2019
How Saudi Arabia plans to become the Silicon Valley of the Middle East
With its young and educated population, Saudi Arabia has the potential to become a hub for tech innovation Continue Reading
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E-Zine
12 Dec 2019
CW Europe: Deutsche Bank creates innovation division
German banking giant Deutsche Bank is opening a division focused on innovation which will be led by former SAP executive Bernd Leukert. It will create agile teams with business and infrastructure divisions leading teams of technologists, using agile principles. Also read why China’s Huawei has offered governments an anti-industrial espionage commitment, and how software robots are helping social workers in Sweden. Continue Reading
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News
11 Dec 2019
Lloyd's of London secures £300m for digital transformation
Lloyd's of London has secured funding for a modernisation programme that will start next year Continue Reading
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News
11 Dec 2019
How can CIOs in Europe turn innovation into a competitive advantage?
CIOs across Europe are under pressure to innovate to help businesses grow and must think differently as a result Continue Reading
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Feature
10 Dec 2019
Building enterprise-grade AI: Sberbank and AI Telekom
Machine learning and artificial intelligence are growing beyond adolescence to prove business value. Practical applications at Sberbank and AI Telekom suggest getting machine learning data in one place, where data scientists can experiment Continue Reading
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News
09 Dec 2019
Cloud computing surges in the UAE in 2019
Cloud computing take-up saw a significant acceleration in the Middle East throughout this year Continue Reading
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News
06 Dec 2019
Barclays opens large tech operation in India, hiring thousands
Barclays opens tech centre in Pune as part of its global delivery network Continue Reading
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News
06 Dec 2019
Dutch government must facilitate and coordinate a broad eID system
The Dutch government should push for an electronic ID system for its citizens that works across the public and private sectors, according to a report Continue Reading
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News
05 Dec 2019
Two Russians indicted over Dridex and Zeus malware
The US Department of Justice has indicted two Russian citizens over their alleged role in the distribution of the virulent Bugat, or Dridex, and Zeus banking trojans Continue Reading
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News
05 Dec 2019
UK financial services regulators tell banks to own their IT disasters
Financial services regulators propose tighter rules for firms to reduce the adverse effects of operational problems, such as IT outages Continue Reading
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News
05 Dec 2019
Cyber Girls First volunteers encourage girls to think high-tech
More than 80 schoolgirls spent a day learning about computer hackers and rocket science – Cyber Girls First hopes they will become the next generation of technologists Continue Reading
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News
03 Dec 2019
Survey finds most firms don’t respond to GDPR requests in time
Most organisations do not respond to requests for GDPR data in the one month allowed, while many return incorrect data. The education sector does best, but the public sector lags behind Continue Reading
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News
03 Dec 2019
Insurtechs help traditional players differentiate
Traditional insurers are harnessing the agile development techniques of the tech startup community through partnerships with insurtechs Continue Reading
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News
03 Dec 2019
Klarna uses AWS cloud as it moves from startup to global fintech force
Swedish fintech cements its relationship with Amazon Web Services to speed up product development and support its global expansion Continue Reading
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News
02 Dec 2019
Private sector warned off delaying IR35 reform prep as Conservative Party promises review
The Conservative Party has followed in the footsteps of the Liberal Democrats, The Labour Party and the Scottish National Party by committing to a review of the IR35 reforms Continue Reading
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News
02 Dec 2019
Goldman Sachs reins in cloud-based retail challenger in UK
Bank does not want rapidly expanding Marcus to breach deposits threshold at which UK banks have to ring-fence their retail operations Continue Reading
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News
28 Nov 2019
TSB neglected to assess capabilities of main IT provider in its failed system migration
TSB failed to properly assess and manage the internal service provider that lead its botched IT migration Continue Reading
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News
28 Nov 2019
NatWest digital bank goes live
NatWest has announced the availability of its standalone digital challenger bank, known as Bó Continue Reading
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News
28 Nov 2019
Finnish tech firm aims to create scalable general-purpose quantum computer
University spin-off is attempting to take quantum computing capabilities to multiple business sectors Continue Reading
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News
27 Nov 2019
Finland’s OP Financial Group accelerates open banking push
Finnish banking group is working with a Danish fintech to add open banking functionality to its offerings Continue Reading
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Blog Post
26 Nov 2019
Tandem and TrueLayer partnership shows how fintech can support fintech
TrueLayer and Tandem partnership demostrates the power of collaborative ecosystems Continue Reading
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Opinion
26 Nov 2019
The super-resilient IT function
IT functions don’t have to continue taking the blame for organisational failures, they can take the lead in transforming the business Continue Reading
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News
26 Nov 2019
Revamped HMRC IR35 status checker tool still lacks key functionality, contractor groups claim
HMRC releases an updated version of its IR35 tax status checker tool, CEST, to accommodate the onset of the tax avoidance reforms being rolled out to the private sector, but contracting stakeholders claim it still lacks basic functionality Continue Reading
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News
25 Nov 2019
Nationwide building society opens up systems through mortgage API
Nationwide Building Society is trialling an application programming interface that will enable its mortgage brokers to link directly to some of its systems Continue Reading
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News
22 Nov 2019
TSB tech woes continue with overnight systems failure
TSB customers have experienced problems receiving money into their accounts due to an IT error, just days after the bank was slammed in a report on its IT problems last year Continue Reading
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News
22 Nov 2019
Some 29,000 UK web domains suspended for criminal activity
Domain suspensions for criminal activity over the past year has dropped for the first time since 2014 Continue Reading
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News
21 Nov 2019
Labour pledges review of NCSC in UK security overhaul
The UK's National Cyber Security Centre may get expanded powers under a Labour government Continue Reading
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Blog Post
21 Nov 2019
Has Amazon dropped its plan for a bank account?
Has Amazon decided against launching a bank account? Continue Reading
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Opinion
21 Nov 2019
Life under the loan charge: An IT contractor’s story
Thousands of IT contractors are being pursued by HMRC for “life-changing” tax bills for work they did up to 20 years ago, as part of a disguised remuneration clampdown known as the loan charge policy. One of those affected anonymously shares his take on what it’s like to live with a six-figure tax demand hanging over you Continue Reading
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News
21 Nov 2019
HSBC builds API digital platform with MuleSoft to forward open banking
At Dreamforce 2019, HSBC announced the building of a digital platform with Salesforce MuleSoft to forward open banking opportunities Continue Reading
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News
21 Nov 2019
Western Union transfers to AWS cloud
Western Union is the latest financial services form to set out a future in the Amazon Web Services cloud Continue Reading
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E-Zine
21 Nov 2019
CW Nordics: Automation pays off for Sweden’s social workers
Software robots are freeing up time for social workers in Sweden to help benefits claimants find employment and to receive the money they are entitled to. Also in this issue, read how Sweden’s SEB bank is using a Google-inspired, cloud-native core banking platform, and why India is leading the pack when it comes to IT outsourcing from the Nordic countries. Continue Reading
- 20 Nov 2019
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News
20 Nov 2019
Mimecast blocked 99 billion suspicious emails in third quarter
Latest threat intelligence report reveals the scale of the threat posed by malicious emails, with the transport, legal and financial sectors hit hardest Continue Reading
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News
20 Nov 2019
Massive increase in fraud attacks on TSB customers during IT meltdown
There was a massive spike in attempts by fraudsters to steal from TSB customers when the bank’s IT systems failed in 2018 Continue Reading
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News
20 Nov 2019
Holy grail of digital banking is, at first glance, a new channel, not a new concept
Details of Google’s plans in the financial services sector have emerged with nothing groundbreaking so far, but the sector is guessing what comes next Continue Reading
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News
19 Nov 2019
Macy’s Magecart breach presages Christmas fraud spike
US retailer Macy’s admits some customer data was accessed by unknown actors during a week-long Magecart attack Continue Reading
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Blog Post
19 Nov 2019
Azimo opens doors at Brexit-proof Dutch arm
Cross border payments fintech Azimo has opened the doors to its European headquarters in Amsterdam Continue Reading
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News
19 Nov 2019
TSB programme pulled apart in report on IT meltdown
City law firm tears into TSB’s management of botched core banking platform migration Continue Reading
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News
17 Nov 2019
Australian bourse to overhaul technology infrastructure
The Australian Securities Exchange is embracing digital ledger technology, microservices and DevOps to modernise its core systems Continue Reading
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News
15 Nov 2019
Loan charge under review: The 20-year retroactive tax policy pushing IT contractors to the brink
Thousands of IT contractors are at risk of financial ruin as HMRC pursues them for tax it claims they owe on work they did up to two decades ago and were reimbursed for via loan remuneration schemes. Computer Weekly investigates Continue Reading
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News
14 Nov 2019
Cyber criminals tool up for Christmas fraud season
Organised criminals are trying to cash in on the festive retail boom with both brand new and tried-and-tested techniques Continue Reading
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News
13 Nov 2019
Google to launch bank accounts in 2020
Google is launching bank accounts in the US in 2020 as tech giants continue to deepen their activities in the financial services sector Continue Reading
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Blog Post
13 Nov 2019
Wagestream gives staff alternative to payday lenders: Fintech interview 30
Wagestream is enabling workers to access their pay in real-time, reducing the need for overdrafts and payday loans Continue Reading
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News
12 Nov 2019
PCI DSS payment security compliance drops again
Worldwide, barely one-third of companies are maintaining full compliance with the PCI DSS security standard – and the numbers are falling Continue Reading
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News
11 Nov 2019
Major report on TSB IT disaster expected soon
A damning report into the 2018 IT disaster at TSB is expected to heavily criticise executives when it is published in November Continue Reading
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News
11 Nov 2019
Goldman Sachs probed over alleged Apple Card gender discrimination
US financial services regulator is investigating allegations that Goldman Sachs’ credit decisions for its Apple Card offering show gender bias Continue Reading
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News
08 Nov 2019
IBM's financial services cloud offers developer opportunity
IBM hopes to bring developers to its new financial services cloud that runs on the IBM Cloud platform and uses Red Hat OpenShift as its Kubernetes environment. Continue Reading
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News
08 Nov 2019
GoCardless and TransferWise create global network for direct debits
Fintechs’ network will make it easier for small companies to expand their customer bases internationally Continue Reading
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News
07 Nov 2019
Zopa opens testing for its banking products to customers
Zopa's move into the banking sector is gathering pace as customers test out its savings product Continue Reading
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News
07 Nov 2019
Co-operative Bank extends mortgage service deal with Capita
Co-operative bank has extended a contract to outsource its mortgage platform in a deal with Capita Continue Reading
- 07 Nov 2019
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E-Zine
07 Nov 2019
CW Benelux: Dutch banks fight money laundering
Dutch banks are sharing expertise and resources to help reduce money laundering through their accounts. Also read in this issue how companies could lose loyal IT staff because salary rises do not match those at rival employers, and why a Dutch province is pioneering a no-code software development platform. Continue Reading
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Blog Post
07 Nov 2019
Tandem Bank embarks on international expansion
UK chanllenger bank embarks on international expansion in Hong Kong Continue Reading
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News
07 Nov 2019
Abu Dhabi AI university is key to UAE’s future as the oil dries up
Abu Dhabi’s fledgling artificial intelligence university is part of a highly ambitious 30-year plan to transform the UAE’s economy and culture Continue Reading
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News
05 Nov 2019
Cloud native core banking enables consumers to personalise what they buy
Google inspired core banking platform could help banks offer personalised products to millions of people. Continue Reading
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News
05 Nov 2019
Nordic private equity groups drive paytech investments as global actors hover
Private equity companies in the Nordic region are stepping up M&A activity as international tech firms eye acquisitions in the region Continue Reading
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News
05 Nov 2019
Goldman Sachs lends billions of dollars through Apple partnership
Apple Card issuing bank Goldman Sachs has already given billions of dollars in credit to iPhone users since Apple's credit card was launched Continue Reading
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E-Zine
05 Nov 2019
The benefits of API-first software development
In this week’s Computer Weekly, we find out how organisations are using an API-based approach to software development to boost digital initiatives. We examine the potential pitfalls in using cloud storage. And we talk to the Department for Work and Pensions about its four-year project to move from outsourced IT to the cloud. Read the issue now. Continue Reading
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News
04 Nov 2019
Brits moving to digital banking channel faster than people in the US
Digital banking services rapidly gain popularity, but digital banks face major challenges to make deeper inroads into traditional banks’ customer bases Continue Reading
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News
01 Nov 2019
Banks let customers down with mixed approaches to security
Treasury Committee report recommends new measures to tackle financial fraud Continue Reading
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News
01 Nov 2019
Nordea brings fintech for women by women
Bank’s female-only hackathon comes up with new ideas for financial services aimed at improving women’s financial wellbeing Continue Reading
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Blog Post
31 Oct 2019
TrueLayer set to expand its services through Visa network
Open banking specialist fintech will offer its APIs through payments giant Visa Continue Reading
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News
29 Oct 2019
Salesforce Financial Services Cloud adds mortgage tools
Salesforce pushes deeper into financial services with tools to make mortgage data collection easier, and to find upsell opportunities for customers looking for home loans. Continue Reading
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News
29 Oct 2019
Reykjavik: An IT ecosystem beyond the ice
Iceland is a small island between Europe and the US, and that is one of several reasons why it is attracting tech startups to its capital Continue Reading
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E-Zine
29 Oct 2019
IR35 reforms – the difficult decisions facing IT contractors
In this week’s Computer Weekly, we examine the difficult choices facing UK IT contractors from the controversial IR35 tax reforms. Social engineering is a major source of cyber security attacks – we look at mitigation strategies. And the IT chief at Mercedes F1 explains what it takes to support a world championship team. Read the issue now. Continue Reading
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News
28 Oct 2019
Stronger regulations needed to fix banking IT problems, say MPs
Regulators need to use more potent tools to get banks to sort out problems with their IT systems, as customers become more reliant on digital channels Continue Reading
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News
28 Oct 2019
P27 pan-Nordic payments system moves a step closer
Six regional banks sign shareholders’ agreements, agree business plan and make financial commitments to payments platform Continue Reading
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News
25 Oct 2019
Refinitiv appoints first female CTO after IT leadership shake-up
Alex Cesar steps up to be chief technology officer at financial service data provider Refinitiv, after previous CTO Phil Wellard took over as global CIO in September Continue Reading
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News
22 Oct 2019
Banks move to contain impact of Samsung biometric flaw
NatWest and Nationwide have moved to lock down their mobile banking apps after Samsung warned of a biometric security flaw on its Galaxy and Note S10 devices Continue Reading
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E-Zine
22 Oct 2019
Microsoft vs Google – who’s winning the cloud email race?
In this week’s Computer Weekly, there’s a two-horse race for dominance in the cloud email market between Microsoft and Google, but they are not alone – we examine the runners and riders. Our latest buyer’s guide looks at governance, risk and compliance solutions. And we assess the progress of public cloud in the banking sector. Read the issue now. Continue Reading
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News
21 Oct 2019
Equifax lawsuit offers more evidence against passwords
Equifax’s internal security policies were a mess and directly led to one of the largest recorded data breaches in history, according to a lawsuit, demonstrating fundamental insecurities inherent in the use of passwords Continue Reading
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News
18 Oct 2019
Two-thirds of UK financial services firms are using machine learning
The use of machine learning in the finance sector is set to increase as obstacles to its take up are not seen as being insurmountable Continue Reading
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News
18 Oct 2019
Huge rise in rogue banking apps driving fraud attacks
Fraud perpetrated through fake mobile apps purporting to be from legitimate banks has seen a statistically significant spike, says RSA Continue Reading
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News
17 Oct 2019
Barclays demonstrates proof-of-concept quantum clearing algorithm
Barclays and IBM researchers publish paper on a quantum computing algorithm for securities transaction trading Continue Reading
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Blog Post
17 Oct 2019
The demise of Lehman Brothers sparked Inbotiqa’s flame: Fintech interview 29
Following its demise former IT workers at Lehman Brothers used the experience they gained at the bank to create a tech start up Continue Reading
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News
17 Oct 2019
IR35 private sector preparation: What the banks’ take on the reforms means for IT contractors
With six months until IR35 tax avoidance reforms are extended to the private sector, a number of financial services firms are thinning out their contractor workforce – is that the way to ensure compliance? Continue Reading
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News
16 Oct 2019
Zopa continues in its mission to apply a Netflix user experience to banking
Zopa has made a credit scoring tool available as it continues to expand the portfolio of products it offers beyond loans. Continue Reading
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News
14 Oct 2019
Digital and innovation apprentices to start NatWest programme
NatWest is kicking off a tech apprentice programme, with its digital innovation hub set to play a key role Continue Reading
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News
14 Oct 2019
French and German banks end talks on challenger bank sale
After months of negotiations, BPCE's proposed sale of Fidor Bank to OLB has fallen through Continue Reading
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News
11 Oct 2019
Why would a bank that made billions of pounds’ profit cut thousands of staff?
HSBC is the latest bank to make thousands of staff cuts as even profitable businesses need to reshape themselves for the challenges that digital transformation brings Continue Reading
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News
10 Oct 2019
GoCardless gives 95% of its staff business intelligence at their fingertips
Fintech payments company GoCardless is enabling staff to carry out business intelligence queries themselves Continue Reading
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E-Zine
10 Oct 2019
CW Middle East: Saudi banks trial biometrics in ATMs
Biometric and blockchain technologies are being used in tandem to provide ID verification at Saudi Arabian cash machines. Also read about the first government organisation in Bahrain to migrate to Amazon Web Services, and an interview with Yasmeen Al Sharaf, head of fintech and innovation unit, Central Bank of Bahrain. Continue Reading
- 09 Oct 2019
- 09 Oct 2019
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News
08 Oct 2019
Sweden’s SEB explores core banking in the cloud
Swedish Bank is the latest organisation to agree to start using a Google-inspired, cloud-native core banking platform Continue Reading
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News
08 Oct 2019
Deutsche Bank to set up innovation division to drive digital transformation
More details about Deutsche Bank’s new technology division in internal company email Continue Reading
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News
07 Oct 2019
UKtech50 2019 – help us find the most influential people in UK technology
Computer Weekly’s annual search for the 50 most influential people in UK technology reaches its 10th anniversary – let us know who you would like to nominate for this year’s list Continue Reading
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News
03 Oct 2019
NatWest bank uses artificial intelligence to predict the future
NatWest is using artificial intelligence to help it paint a more accurate picture of future trends Continue Reading
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News
03 Oct 2019
IR35 reforms: Lloyds Bank contractors to get deadline on future employment status
Lloyds Banking Group is the latest large firm set to end engagement of IT contractors through personal service companies due to impending IR35 tax reforms Continue Reading
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Blog Post
02 Oct 2019
From university lab to mainstream Mambu provides cloud ERP system for banks: Fintech interview 28
Mambu started as a university project and is today offering cloud based banking services across the world. Continue Reading
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News
01 Oct 2019
IR35 reforms will prompt Barclays to re-engage contractors on PAYE terms, 'leaked email' suggests
Barclays is understood to have notified line managers via email on 30 September 2019 of its plans to phase out use of limited company contractors, ahead of the IR35 private sector reforms coming into force in April 2020 Continue Reading
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News
01 Oct 2019
Interview: James Smith, director of digital, Nationwide Building Society
James Smith says heading up the digital unit at Nationwide Building Society is the best job in the business Continue Reading
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News
27 Sep 2019
ABN Amro investigation lends weight to anti-money laundering collaboration by Dutch banks
Dutch authorities are investigating ABN Amro for possible failures to monitor and report potential money laundering activity Continue Reading
