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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Blog Post
16 Apr 2018
Fintech professional’s tech predictions: 5 – better understanding of privacy settings
Consumers are set to become much more aware of the privacy settings on the websites they use Continue Reading
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News
13 Apr 2018
Addressing consumer concerns will drive success for open banking
Experts say consumers will feel more comfortable about sharing their data as part of open banking once more valuable use cases become available Continue Reading
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Opinion
12 Apr 2018
The seven levers of digital transformation
Organisations that embark on digital transformation projects often run into difficulties. Following the seven principles of digital transformation will help them reap the benefits of digital technology Continue Reading
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E-Zine
12 Apr 2018
CW Middle East: UAE makes artificial intelligence leap
The United Arab Emirates wants to be at the heart of the artificial intelligence (AI) revolution and is already testing its mettle as a global tech advocate and innovator. Also in this issue, read how Abu Dhabi is open to developing its fintech ecosystem, with the next 12 months expected to see more focus on the sector, and how Dubai’s transport authority has enlisted Here Technologies to build a high-definition map of the city to support its goals around self-driving cars. Continue Reading
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News
11 Apr 2018
Finnish government backs national AI development strategy
Government is harnessing Finland’s tech base to help make the country a leading location for the artificial intelligence industry Continue Reading
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News
10 Apr 2018
PayPal is latest tech giant to eye traditional banking
PayPal set to launch launch traditional retail banking services in the first half of this year Continue Reading
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News
10 Apr 2018
Ransomware top cyber threat, DBIR shows
Ransomware remains the top cyber security threat to organisations, humans continue to be significant weakness and HR departments are a top target, according to the latest Verizon Data breach investigations report Continue Reading
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News
09 Apr 2018
More than one in 10 employees fall for social engineering attacks
Employees download malicious files, click phishing links, correspond with hackers, and even share contact information for their colleagues, a report reveals Continue Reading
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News
09 Apr 2018
HSBC adopts fintech to fight money laundering
HSBC is using technology from a fintech startup to help it monitor transactions for potential money laundering Continue Reading
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News
09 Apr 2018
Dubai's gamble on bitcoin property sales
Dubai is pioneering the use of bitcoin in the real world, with the property sector leading the way Continue Reading
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News
06 Apr 2018
UK challenger bank gives up banking licence to focus on fintech
CivilisedBank plans to serve small and medium-sized enterprises with savings and investment products Continue Reading
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Opinion
06 Apr 2018
Why businesses must think like criminals to protect their data
Cyber criminals use three main methods of operation to steal commercial data. Understanding their mindset can help organisations put the right defences in place Continue Reading
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News
06 Apr 2018
HSBC IT whistleblower faces extradition to Switzerland
Hervé Falciani, who stole data from thousands of private banking customers, is apprehended in Spain following the issuing of an international arrest warrant Continue Reading
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News
05 Apr 2018
Deutsche Bank system replacement already paying back
Deutsche bank is replacing a complex IT infrastructure that helps its traders operate and automates regulatory compliance processes Continue Reading
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News
05 Apr 2018
Retail sector top cyber attack target
The retail sector was the top cyber attack target in 2017, as cyber attacks evolved to become more organised and structured, a report reveals Continue Reading
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Opinion
05 Apr 2018
Security Think Tank: Deal with cryptojacking to avoid security vulnerability
How can organisations best defend against cryptojacking? Continue Reading
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News
05 Apr 2018
Interview: GDPR will give Dutch privacy watchdog its teeth
The Netherlands’ privacy watchdog has not handed out fines so far because there has been no reason to, says the organisation’s chairman, Aleid Wolfsen Continue Reading
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Opinion
04 Apr 2018
Security Think Tank: User vigilance key to cryptojacking defence
How can organisations best defend against cryptojacking? Continue Reading
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News
04 Apr 2018
Ransomware puts pressure on incident response
Cyber attackers switched focus to ransomware attacks in 2017 putting pressure on incident response, while human error was responsible for two-thirds of compromised records, a study shows Continue Reading
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News
04 Apr 2018
Average attacker dwell time nearly six months for EMEA, study shows
Firms in Europe, the Middle East and Africa take nearly six months to detect cyber attacks on average, a report reveals Continue Reading
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News
03 Apr 2018
UK firms failing to make financial plans for cyber attacks
Most UK firms are failing to plan for the financial impact of cyber attacks, a survey by Lloyds Bank has revealed Continue Reading
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News
29 Mar 2018
Europol operation nabs another 20 cyber criminals
Police have arrested 20 cyber criminals in connection with a €1m fraud operation across Italy and Romania Continue Reading
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News
29 Mar 2018
AstraZeneca IT exec steps down
Pharmaceutical giant’s vice-president of IT transformation and office of the CIO, Chris Day, is leaving the company after eight years in the role Continue Reading
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News
29 Mar 2018
Cryptocurrency mining rampant in higher education
Higher education institutions are the biggest target for illicit cryptocurrency mining, data shows Continue Reading
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News
28 Mar 2018
Home Office ‘over-promised’ on exit checks programme, report finds
Chief inspector of borders and immigration calls on Home Office to re-establish exit checks project with proper data quality in place, but department rejects recommendation Continue Reading
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News
28 Mar 2018
Majority of European firms unprepared for phishing attacks
Most cyber attacks can be traced back to a phishing email, but more than half of European firms are unprepared to deal with email-based attacks, research has revealed Continue Reading
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News
27 Mar 2018
Most top UK firms fail to disclose cyber risk testing details
Most of the largest UK companies do not reveal their testing of cyber protection plans and do not share security updates with the board regularly, a Deloitte report reveals Continue Reading
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Blog Post
27 Mar 2018
Customers hit by shrapnel in banking’s battle of the cost bases
Customers are being caught in the crossfire of the Battle of the Cost Bases being fought by banks on the streets of the UK Continue Reading
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E-Zine
27 Mar 2018
The desktop is changing
In this week's Computer Weekly, corporate PCs haven't changed much in 20 years – as use of Chrome OS grows, we ask if IT leaders are ready for a new approach. Theresa May said Brexit means the UK leaving the EU digital single market – does this mean a return to roaming charges? And we look at the latest developments in Linux. Read the issue now. Continue Reading
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News
26 Mar 2018
Police arrest €1bn cyber heist mastermind
Police have arrested a key member of the Carbanak gang believed to be responsible for more than 100 cyber heists worldwide Continue Reading
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News
26 Mar 2018
Blockchain not ready for cross-border bank payments
The use of blockchain in certain parts of the financial services industry is limited at present due to the additional IT work required around its use Continue Reading
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Blog Post
26 Mar 2018
Fintech professional’s tech predictions: 1 – Fake News
Fintech professional predicts that tech forms carrying news will need government approval over next few years to fight against fake news Continue Reading
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Feature
26 Mar 2018
How to make the leap from traditional bank to digital bank
To compete effectively in an increasingly digital financial landscape, conventional banks need to build greater efficiency, value and trust through technology Continue Reading
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News
26 Mar 2018
Swedish study talks up benefits of artificial intelligence
A major report has reassured Swedish society that artificial intelligence will be a positive force for change despite fears of job losses Continue Reading
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News
23 Mar 2018
European insurtech growth dwarfs US
Europe is seeing rapid growth in its insurtech as investors pump hundreds of millions into the sector Continue Reading
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News
22 Mar 2018
Privacy group calls for UK response to data exploitation
Policy-makers need to respond swiftly to the Cambridge Analytica and Facebook data exploitation scandal, according to privacy rights group Continue Reading
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News
22 Mar 2018
Colt pioneers blockchain in telco voice wholesaling
Colt Technology Services and Hong Kong Telecom’s international unit PCCW Global teamed up to trial the use of blockchain in wholesale voice settlements Continue Reading
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News
22 Mar 2018
Application layer DDoS attacks increasing, Imperva data shows
Distributed denial of service attacks targeting applications almost doubled in the last three months of 2017, according to Imperva Incapsula data Continue Reading
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News
22 Mar 2018
Fintechs weigh up their partnership options
Fintechs need to consider what type of companies they should work with to make the most of open banking regulations Continue Reading
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News
22 Mar 2018
Chancellor of the exchequer announces UK fintech strategy
The government has outlined its plans to support the financial technology industry in the UK Continue Reading
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News
21 Mar 2018
IT attracts more foreign investment projects to UK than other sectors
IT accounts for the highest number of foreign direct investment projects in the UK, which should come as a warning to the UK government to listen to the sector Continue Reading
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News
21 Mar 2018
RBS said to be setting up its own digital bank
Royal Bank of Scotland is reportedly setting up a standalone digital bank to take advantage of changing customer habits Continue Reading
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News
20 Mar 2018
Ireland eyes Brexit-triggered tech investments
The organisation that champions Ireland to foreign investors has seen an increase in IT companies moving to its shores Continue Reading
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News
20 Mar 2018
IBM delivers Watson-powered voice assistant for consumer brands
Alexa and Google Assistant have taken residence in people's homes. IBM aims to give companies a way to deliver their own branded AI voice assistants Continue Reading
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News
20 Mar 2018
Brexit is an opportunity to transform, says HMRC digital transformation director
HMRC’s digital transformation director Brigid McBride on Brexit opportunities, using AI and robotics to improve services, and growing the API ecosystem Continue Reading
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Blog Post
20 Mar 2018
Innovate Finance Global Summit gets fintech ready for adulthood
Fintech is coming of age and faces all the challenges that growing up entails Continue Reading
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E-Zine
20 Mar 2018
Where neuroscience meets technology
In this week’s Computer Weekly, we find out how computer scientists are using data, cloud and virtual reality to understand the brain and improve mental wellbeing. We analyse newly published government documents detailing the early problems with the Universal Credit IT project. And we look at how emerging artificial intelligence techniques can help improve cyber security. Read the issue now. Continue Reading
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Feature
19 Mar 2018
Customer experience must be digital focus for banks
Omni-channel technologies can help banks stand out from their rivals, but a good customer experience should be their goal Continue Reading
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News
19 Mar 2018
First Direct enables customers to pay by Siri
Customers of online bank First Direct can now use voice commands to transfer money through Apple’s digital assistant Continue Reading
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News
16 Mar 2018
Employers face hiring crisis as AI replaces mid-skilled jobs
Artificial intelligence could replace two-thirds of existing jobs within 20 years, and employers will face growing difficulties recruiting skilled staff Continue Reading
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News
16 Mar 2018
Cyber criminals using complex financial system, study shows
Cyber criminals are using a combination of new cryptocurrencies, gaming currencies and micro-payments to launder up to $200bn in ill-gotten gains, research has revealed Continue Reading
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News
15 Mar 2018
With auditability, deep learning could revolutionise insurance industry
The likes of Google may be pushing deep learning in artificial intelligence, but it may not be the best approach for regulated industries Continue Reading
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News
14 Mar 2018
Kenyan solar supplier leans on IoT and fintech for new growth
Mastercard packed its stand at Mobile World Congress with new use cases for fintech in the developing world and launched a new partnership with Kenyan solar energy supplier M-KOPA Continue Reading
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Blog Post
14 Mar 2018
Is paying for a bus using cryptocurrency really that shocking?
Is it that shocking that people will be paying for buses using cryptocurrency within seven years? Continue Reading
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News
14 Mar 2018
Most people think cryptocurrency will be accepted on buses by 2025
Cryptocurrency is a mystery to many people, yet 55% of respondents to a survey expect shops and buses to accept digital money in seven years’ time Continue Reading
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13 Mar 2018
Have traditional banks weathered the fintech challenge?
How will the financial technology-based challenger banks evolve as the traditional retail banking industry ups its digital game? Continue Reading
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E-Zine
13 Mar 2018
Unlocking digital change in criminal justice
In this week’s Computer Weekly, we talk to the IT and digital chief at the Ministry of Justice to hear about tackling the challenges of digital transformation across the criminal justice system. European cities are trying to attract British IT talent as a result of Brexit – what does it mean for UK IT? And we take an in-depth look at the fintech sector in our latest buyer’s guide. Read the issue now. Continue Reading
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News
12 Mar 2018
BNP Paribas integrates Tink as part of PSD2 strategy
BNP Paribas Fortis is working with fintech company Tink to integrate software into its mobile app, which will enable customers to aggregate their finances Continue Reading
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Blog Post
12 Mar 2018
Catwalk models be afraid there is a 98% chance a robot will take your jobs
It is not surprising that telemarketing jobs will be taken by robots but the fact that modelling jobs are 98% likely to be done by robots in 2035 is. Continue Reading
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Feature
12 Mar 2018
Have traditional banks weathered the fintech challenge?
How will the financial technology-based challenger banks evolve as the traditional retail banking industry ups its digital game? Continue Reading
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News
09 Mar 2018
Amazon bank could have 70 million customers in five years
Amazon could have more banking customers in the US than the UK has citizens within five years Continue Reading
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News
08 Mar 2018
How banks can make sense of digital disruption
Banks and financial institutions need to go back to basics, deconstruct their core banking processes and strive for zero defects in building applications, says the IT head honcho of Malaysia’s CIMB Bank Continue Reading
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News
08 Mar 2018
EC reveals plan to make Europe global fintech hub
The European Commission has unveiled proposals to boost the EU’s financial technology sector Continue Reading
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E-Zine
08 Mar 2018
CW Europe: Germany’s Lemoncat takes catering to the cloud
Business catering startup Lemoncat has taken advantage of the affordable cost of living in Berlin and is shaking up the catering sector by harnessing the Amazon and Salesforce clouds. Also in this issue, read how Moscow’s government is taking advantage of high penetration of broadband and mobile internet to expand innovative services under the Russian capital’s smart city programme, and how organisations in the Netherlands still have much to do to comply with the General Data Protection Regulation. Continue Reading
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News
08 Mar 2018
Tech City targets companies outside of London for next cohort in accelerator programme
Tech City UK has placed more of an emphasis on companies outside of the capital for its next accelerator cohort Continue Reading
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News
08 Mar 2018
CIO interview: Kevin Hanley, head of innovation, Royal Bank of Scotland
Royal Bank of Scotland's head of innovation talks to Computer Weekly about creating and supporting change, bringing different technologies together, and how 2018 could be the year blockchain innovation comes to fruition Continue Reading
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News
08 Mar 2018
Denmark’s MobilePay expands in Finnish market through deal with retailer
Deal with Finland’s largest grocery retailer helps mobile payment service spread its reach Continue Reading
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News
08 Mar 2018
Businesses warned not to ignore cryptojacking threat
Businesses should not ignore the threat of malware designed to carry out illicit cryptocurrency mining, warns NTT Security Continue Reading
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News
07 Mar 2018
Wi-Fi provider uses big data analytics to drive customer experience
The self-styled “Uber of Wi-Fi”, iPass is using Databricks’ Unified Analytics Platform and machine learning to monitor its worldwide network and help its customers get the best experience Continue Reading
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Blog Post
07 Mar 2018
The juxtaposition fuelling the challenger bank sector
Challenger banks are becoming the innovative digital arms of the traditional banks they set out to disrupt. Job done then? Continue Reading
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News
07 Mar 2018
World Economic Forum creates fintech focus group for cyber security
WEF consortium of companies will focus on protecting financial technology firms from cyber threats Continue Reading
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News
07 Mar 2018
Banks more confident than other sectors in face of digital disruption
Banks have accepted the changes brought about by digital disruption and are confident that new technologies will be core to their business success, according to a survey by Fujitsu Continue Reading
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News
06 Mar 2018
Amazon contemplating next move in banking sector
Amazon is in talks with a bank about setting up a current account that will appeal to young people Continue Reading
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News
05 Mar 2018
Yorkshire Building Society implements cloud banking platform
Yorkshire Building Society is using a cloud-based banking platform built on Salesforce.com to automate manual tasks Continue Reading
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News
02 Mar 2018
Bank of England chief calls for cryptocurrency regulation
Bank of England governor calls on cryptocurrencies to be regulated to protect financial system and reduce illicit activities Continue Reading
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News
02 Mar 2018
Equifax ups breach figure by a further 2.5 million
Credit rating agency Equifax has increased the number of US records believed to have been compromised in 2017 Continue Reading
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News
02 Mar 2018
Vast majority of consumers unaware of Open Banking consequences, research finds
Research shows most consumers have little or no knowledge of the Open Banking regulation and how it will affect them Continue Reading
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News
02 Mar 2018
Wearables join mobiles as high-growth payment methods
Banks must develop broad contactless payment strategies if they are to keep pace with consumer demand Continue Reading
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News
01 Mar 2018
Are mobile wallets about to make contactless cards look outdated?
Mobile wallets look set to take root as consumers increasingly use their mobile phones to pay for goods and services Continue Reading
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News
28 Feb 2018
Open Banking could bring an extra £1bn to UK economy
As a result of the Open Banking initiative, an additional £1bn could be available to drive the UK economy forward Continue Reading
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Blog Post
28 Feb 2018
Post 2008 early challenger banks are now the challenged
Virgin Money was one of the earlier challengers to traditional banks and is now creating a digital bank to keep up with the times Continue Reading
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News
28 Feb 2018
Virgin Money launches digital bank
Virgin Money is setting up a digital bank to expand into the current account and SME business account markets Continue Reading
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News
27 Feb 2018
Main business objective of fintechs is collaboration with traditional finance firms
Fintechs put working with traditional financial suppliers as their most important business priority Continue Reading
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News
26 Feb 2018
NatWest opens four UK fintech hubs
NatWest has expanded its financial technology support programme at a time when entrepreneurs are more apprehensive than ever Continue Reading
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News
26 Feb 2018
Cryptomining is top attack type, says Malwarebytes
Malicious cryptomining has been the top cyber criminal activity detected since September 2017, a report reveals Continue Reading
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News
26 Feb 2018
2018 could be year of mobile malware, says McAfee
Security firm announces several mobile industry partnerships as its latest mobile threat report shows mobile malware is becoming increasingly popular with cyber attackers Continue Reading
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Blog Post
26 Feb 2018
Traditional banks have ridden the storm and are emerging from the other side smelling of fintech
Traditional banks have profited from fintech which was seen as a risk to their businesses Continue Reading
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News
23 Feb 2018
RBS’s first profit in a decade accompanied by major first for mobile channel
News of its first profit in 10 years might overshadow a major first for the Royal Bank of Scotland’s mobile channel Continue Reading
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News
22 Feb 2018
Unprotected Kubernetes consoles expose firms to cryptojacking
A number of big companies have been targeted by crytojacking attacks, where cyber criminals hijack computing power to mine cryptocurrencies, but some have unprotected Kubernetes consoles in common Continue Reading
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News
22 Feb 2018
MPs run the rule over digital currency to identify risks and opportunities
MPs are taking a close look at the potential opportunities and risks associated with the UK adoption of cryptocurrencies and the technology that underpins them Continue Reading
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News
22 Feb 2018
First Direct pilots open banking platform
HSBC's internet banking platform is testing out its service that enables customers to put all their bank accounts, from multiple providers, in one place Continue Reading
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E-Zine
22 Feb 2018
CW Nordics: Nordics CIOs’ priorities in 2018
A select group of CIOs and analysts in Denmark, Finland, Norway and Sweden give their views on the top IT priorities in 2018. As in 2017, digital transformation will continue to be a buzzword. Also read how Sweden is tightening up its cyber security defences as part of a wider national security strategy, and how Nordic banks cannot afford to slow their digital transformations as PSD2 comes into force. Continue Reading
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News
22 Feb 2018
Email attacks and incident detection top security challenges
Email inboxes are the weakest link in security perimeters, and companies struggle with detecting security incidents quickly and accurately, a report finds Continue Reading
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News
21 Feb 2018
UK organisations failing to take action against fraud
UK organisations are facing increasingly complex and costly incidents of fraud partly due to increasing cyber fraud, yet few are making use of the anti-fraud technologies available, a survey has revealed Continue Reading
- 21 Feb 2018
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News
21 Feb 2018
Lloyds Bank announces three-year digital transformation
Lloyds Bank has announced plans to transform how it serves customers through substantial digital investment Continue Reading
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News
21 Feb 2018
Security leaders investing in automation and AI, study shows
Automation and artificial Intelligence are being used to defend against cyber threats, says report, but experts warn that these tools and technologies can be exploited by attackers Continue Reading
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Blog Post
21 Feb 2018
UK fintechs preparing for the worst Brexit
UK Fintechs are implementing their Brexit plans and it means the UK is losing jobs now could be bypassed for future roles Continue Reading
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News
21 Feb 2018
UAE makes artificial intelligence leap
The UAE is investing in becoming a global pioneer in the use of artificial intelligence technology in various sectors of its economy Continue Reading
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News
20 Feb 2018
UK finance regulator collaborates with US counterpart on fintech
The FCA is working with a US finance regulator to support financial technology companies on both sides of the Atlantic Continue Reading
