IT for financial services
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News
12 Jun 2024
Nordic innovators look to revive the zombie subscriber population
Zombie subscriptions where customers buy a service and forget about it are harming the subscription economy, but software is being developed to support the subscription economy Continue Reading
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News
15 Jan 2024
Santander bank added 4,500 tech staff last year
Santander added thousands of IT staff to its global operation last year, as part of its digital transformation Continue Reading
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E-Zine
07 Mar 2023
Can the UK keep its fintech crown?
In this week’s Computer Weekly, two years after the Kalifa report laid out a roadmap for continued fintech sector growth, UK entrepreneurs and startups are worried about the lack of progress. We look at the top tech trends in retail and find out which companies are leading the way. And we examine six ways to slash IT emissions. Read the issue now. Continue Reading
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News
06 Mar 2023
Fintech industry calls for regulatory change to help struggling consumers
Fintech trade body calls for regulatory changes to allow fintechs to broaden services for people struggling in the cost-of-living crisis Continue Reading
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News
03 Mar 2023
Shawbrook Bank uses Pegasystems for low-code business process rewrite
SME lending and savings bank Shawbrook Bank is using a low-code platform from Pegasystems to rewrite outdated business processes Continue Reading
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News
28 Feb 2023
Two years on from the Kalifa report, UK fintechs speak out
Two years after the UK government’s Kalifa fintech report, entrepreneurs warn of a continuing Brexit headache and slow regulatory reform Continue Reading
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News
28 Feb 2023
Government announces national fintech hub
The UK Treasury has announced a centre for fintech innovation, two years after a major report recommended one Continue Reading
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Opinion
28 Feb 2023
Security Think Tank: Training can no longer be a compliance exercise
Historically, security training has tended to take a compliance-based focus, a ‘tick-box’ exercise using generic, off-the-shelf courses. This needs to change, says Hayley Watson of Turnkey Consulting. Continue Reading
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Opinion
27 Feb 2023
Cyber training in 2023 needs to drive measurable change
2023 will see more focus on security training programmes that not only provide employees with an understanding of the risks they face but more importantly drive measurable behavioural change, says PA Consulting’s Richard Allen Continue Reading
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News
23 Feb 2023
WithSecure proposes ‘undo’ button for ransomware
WithSecure’s Activity Monitor technology supposedly overcomes the shortcomings of sandbox test environments, and may be able to stop ransomware attacks from ever happening Continue Reading
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News
23 Feb 2023
Santander SME platform harnesses Salesforce
Bank platform that helps UK small and medium-sized enterprises expand export opportunities is built on cloud technology from Salesforce Continue Reading
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News
22 Feb 2023
Researchers find new bug ‘class’ in Apple devices
A group of vulnerabilities in Apple products that stem from the ForcedEntry exploit used by spyware firm NSO constitutes a whole new class of bug, say researchers at Trellix Continue Reading
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News
22 Feb 2023
Dutch cyber security professionals experience stress akin to soldiers in war zone, claims expert
Cyber attacks are taking a heavy toll on Dutch IT professionals, with over a third reporting that their mental health suffers as a result Continue Reading
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News
22 Feb 2023
Half of cyber leaders to switch jobs by 2025, citing stress
A substantial number of cyber security leaders are plotting their great escape, saying the industry is leaving them too stressed to go on, according to a study Continue Reading
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News
21 Feb 2023
Seven million people in UK used open banking services in 2022
More than seven million people used services that harnessed open banking last year, with 1.2 million of these first-time users Continue Reading
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Opinion
21 Feb 2023
Cyber security training: Insights for future professionals
Future cyber security professionals need soft skills as well as technical ones, says security educator Sudeep Subramanian Continue Reading
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News
21 Feb 2023
UK finance firms short of data skills
Financial services companies in the UK lack the data skills they will need to succeed in an increasingly digital world Continue Reading
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News
21 Feb 2023
Average consumer spent more than £3,300 using contactless payments in 2022
The amount of money spent using contactless payment technology continues to rise as consumers take advantage of higher allowable spending limits Continue Reading
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News
20 Feb 2023
App-based Zopa bank buys BNPL fintech
App-based Zopa bank is adding a buy now, pay layer platform to its technology stack through its first acquisition Continue Reading
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News
17 Feb 2023
CIO interview: Hans van der Waal, director of global IT, Travelex
Travelex has weathered a storm that saw it sink into administration, before emerging to solidify its digital foundations for the future Continue Reading
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News
16 Feb 2023
Financial advisory firm Succession Wealth probes cyber attack
Aviva-owned wealth consultancy and financial advisory practice Succession Wealth was hit by an undisclosed security incident on 8 February Continue Reading
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Opinion
16 Feb 2023
Security Think Tank: New trends and drivers in cyber security training
Self-paced, interactive, bite-sized learning is becoming the optimum path for cyber security training in the workplace, says John Tolbert of KuppingerCole Continue Reading
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News
15 Feb 2023
Multi-purpose malwares can use more than 20 MITRE ATT&CK TTPs
Report warns of the development of increasingly sophisticated, multi-purpose malwares, and calls on defenders to play close attention to the MITRE ATT&CK framework to ward them off Continue Reading
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News
15 Feb 2023
Microsoft fixes three zero-days in February update
February’s Patch Tuesday update contains fixes for three previously unpublicised zero-days in Microsoft Office, Windows Graphics Component and Windows Common Log File System Driver Continue Reading
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News
15 Feb 2023
UK saw fintech investment collapse in 2022, but is still a world leader
Fintech investment in the UK sees steep drop, but the country was still a top destination for capital Continue Reading
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News
14 Feb 2023
Vidar, nJRAT re-emerge as prominent malware threats in January
Trojans and infostealers once again dominate the list of most commonly observed threats, according to Check Point’s latest telemetry Continue Reading
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News
14 Feb 2023
UK authorities clamp down on illegal crypto ATMs
The Financial Conduct Authority and West Yorkshire Police have disrupted a number of illegal crypto ATMs Continue Reading
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News
14 Feb 2023
‘Buy now, pay later’ crackdown in the making
The finance regulator has proposed bringing ‘buy now, pay later’ providers within its regulatory remit Continue Reading
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News
14 Feb 2023
Payment tech provider opens Finnish tech hub
Nordic payment tech supplier opens a hub in the Finnish city of Espoo to access expertise Continue Reading
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News
14 Feb 2023
UAE central bank programme to accelerate digital transformation
The United Arab Emirates government launches programme to accelerate the digital transformation of the country’s finance sector Continue Reading
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News
14 Feb 2023
Researcher exposes crypto scam network exploiting YouTube
A massive network of fake YouTube videos promoted by automated sock puppet accounts is reeling in hundreds of cryptocurrency enthusiasts and persuading them to hand over their money, WithSecure researchers found Continue Reading
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Opinion
14 Feb 2023
How to protect your business from fraud during a recession
This winter, the chilly winds of a global recession have fraudsters turning up the heat. PJ Rohall of SEON Fraud Fighters shares some guidance on how to bundle up against fraud Continue Reading
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News
13 Feb 2023
KPMG launches metaverse and digital twin hub in Saudi Arabia
The Saudi Arabian government’s commitment to investing in metaverse technology has attracted a KPMG centre of excellence to its shores Continue Reading
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News
13 Feb 2023
Security buyers lack insight into threats, attackers, report finds
The majority of cyber security purchasing decisions are made without proper insight into the attackers organisations are facing, according to a Mandiant report Continue Reading
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News
13 Feb 2023
Whistleblower in limbo as sensitive NatWest customer files remain under her bed
Whistleblower and NatWest at stalemate as regulators leave it up to them to come to an agreement on return of sensitive customer data Continue Reading
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News
10 Feb 2023
BNPL accounted for 12% of UK online spending in January
Buy now, pay later products from fintech providers accounted for 12% of the £8bn spent online in the UK in January, according to analysis Continue Reading
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News
09 Feb 2023
Deutsche Bӧrse signs decade-long deal with Google Cloud
German financial exchange firm Deutsche Bӧrse is expanding its long-standing partnership with Google Cloud as part of a push to ‘economise and concentrate’ its cloud strategy Continue Reading
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News
09 Feb 2023
Cost-of-living crisis creates appetite to switch banks
As millions of Brits struggle with their finances, many view tailored financial services as beneficial Continue Reading
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News
09 Feb 2023
Banking regulatory body wants a ‘tripwire’ to flag APP fraud
Banking code of practice organisation wants banks to monitor where authorised push payment scammers are sending stolen money Continue Reading
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Opinion
08 Feb 2023
Security Think Tank: Poor training is worse than no training at all
Bad security training is a betrayal of users, a security risk, and ultimately a waste of money, but there are some reasons to be optimistic about the future, say Mike Gillespie and Ellie Hurst of Advent IM Continue Reading
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News
07 Feb 2023
APP fraud reimbursement proposal is ‘fundamentally flawed’, say MPs
MPs claim the involvement of a bank-sponsored organisation in reimbursing victims of APP fraud would be a conflict of interest Continue Reading
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News
07 Feb 2023
‘Profound’ digital pound decision faces policymakers
The UK Treasury has launched a consultation paper to help lay the foundations for a ‘profound decision’ over a digital currency Continue Reading
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News
07 Feb 2023
TSB pilots pods as branch replacements
TSB joins Barclays in adopting banking pods to ensure customers have access to physical banking services as the number of high street branches declines Continue Reading
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News
06 Feb 2023
Online banks still riddled with cyber security flaws, report says
Online bank Virgin Money was found to have the weakest online and application security measures in a Which? study but Nationwide, TSB and The Co-Operative Bank all failed on multiple points, too. Continue Reading
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News
06 Feb 2023
Estonian anti-money laundering platform used to fight APP fraud
A real-time data-sharing platform originally built to identify money laundering is also being applied to the fight against authorised push payment fraud Continue Reading
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News
06 Feb 2023
The Security Interviews: How to overcome data protection compliance challenges
Complying with the vast swathe of data protection legislation around the world is complex, especially for smaller organisations without the necessary expertise. Could the compliance process be simplified, and if so, how? Continue Reading
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News
03 Feb 2023
Finance regulator finding more misleading promotions quicker through improved digital tools
UK finance regulator able to find and block misleading promotions faster through improved digital tools Continue Reading
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News
03 Feb 2023
LockBit gang confirms Ion cyber attack as disruption continues
The LockBit ransomware cartel has taken responsibility for this week’s attack on financial software firm Ion, and is threatening to leak stolen data on Saturday 4 February Continue Reading
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News
03 Feb 2023
FCA cracks down on misleading promos by social media influencers
Social media is becoming a major part of the FCA’s work in clamping down on misleading financial advertising and promotions, with multiple influencers rapped for their behaviour Continue Reading
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Opinion
03 Feb 2023
Security Think Tank: In 2023, we need a new way to cultivate better habits
Regular, small adjustments to behaviour offer a better way to keep employees on track and cultivate a corporate culture of cyber awareness, writes Elastic’s Mandy Andress Continue Reading
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Opinion
02 Feb 2023
Security Think Tank: Getting the training and development mix right
Rob Dartnall, CEO at SecAlliance and chair of Crest’s UK Council, describes the need for formal, varied and continuous development in the cyber security sector Continue Reading
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News
02 Feb 2023
Suspected LockBit ransomware attack causes havoc in City of London
A suspected LockBit ransomware attack on trading software firm Ion has caused chaos for City of London traders Continue Reading
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News
02 Feb 2023
UK government announces plans to protect consumers through cryptoasset regulation
UK government wants feedback on its plans to regulate organisations operating in the cryptoasset sector Continue Reading
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News
01 Feb 2023
Cloud security top risk to enterprises in 2023, says study
A PwC study finds senior executives expect cyber attacks on cloud services to increase significantly this year Continue Reading
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News
01 Feb 2023
PayPal slashes 2,000 jobs in face of tough economic outlook
Fintech giant making thousands of redundancies as global economic outlook remains poor Continue Reading
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News
01 Feb 2023
Malware variant can block contactless payments
Kaspersky warns that the latest variant of the Prilex malware can block contactless payments to force people to insert cards, enabling criminals to steal money Continue Reading
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News
01 Feb 2023
UK Cyber Council and ISACA launch audit, assurance programme
The UK Cyber Security Council has teamed up with ISACA to partner on a new audit and assurance programme for security pros Continue Reading
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News
31 Jan 2023
Crédit Agricole tests quantum in finance
The corporate and investment bank has run experiments with Pasqal and Multiverse to demo quantum computing in finance Continue Reading
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News
31 Jan 2023
Zurich Insurance Group plots multiyear move to AWS public cloud
Multiline insurance firm Zurich is plotting a move to the AWS public cloud to help revamp its customer offerings Continue Reading
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News
31 Jan 2023
Digital banking changing the high street forever as banks close branches and open alternatives
Banks are reshaping their channels as customers move to digital services, with physical innovation complementing digital strategies Continue Reading
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News
31 Jan 2023
Mark Logan on his vision for a Scottish technology ecosystem
The Scottish Government’s entrepreneur advisor speaks to Computer Weekly about the philosophy behind an ambitious technology ecosystem strategy Continue Reading
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News
27 Jan 2023
Hive ransomware gang taken down after FBI hacks back
The FBI hacked into Hive’s servers, stole its decryption keys and then took down its servers in a major action that has successfully disrupted a prolific and dangerous ransomware operation Continue Reading
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News
26 Jan 2023
Final months of 2022 saw highest ever number of bank account switches
More people than ever before switched their current account provider using the government’s switching service Continue Reading
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News
25 Jan 2023
UK Treasury recruiting digital currency leader
The UK government’s investigation into the merits of a central bank digital currency gathers pace at it looks for a team leader Continue Reading
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News
25 Jan 2023
Boards struggle to resolve cyber risk in digital supply chains
Accelerated digitisation of supply chains is introducing more cyber risk for which many organisations seem unprepared, according to the BSI’s annual report on supply chain risk Continue Reading
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News
24 Jan 2023
UK insurers need to up their game on cyber gaps, says PRA
Gaps and limitations in how insurers respond to cyber risk need to be addressed, according to the Bank of England regulator, the Prudential Regulation Authority Continue Reading
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News
24 Jan 2023
Nationwide Building Society CIO to join Co-operative Bank
Gary Delooze to join Co-operative Bank as CIO after six years heading up Nationwide Building Society’s IT department Continue Reading
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News
24 Jan 2023
SSRF attacks hit 100,000 businesses globally since November
There has been a dramatic increase in attacks exploiting the ProxyNotShell/OWASSRF exploit chains to target Microsoft Exchange servers Continue Reading
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News
24 Jan 2023
Fake online contest makes Yahoo! most phished brand of Q4 2022
Yahoo! was the most frequently phished brand during the last three months of 2022, according to a report Continue Reading
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News
24 Jan 2023
SMEs keen on embedded finance, but more choice needed to increase take-up
Suppliers to small and medium-sized enterprises need to offer more choice when embedding financial products in their services if take-up is to increase Continue Reading
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Opinion
23 Jan 2023
The rise of fraud in pop culture is impacting consumers’ digital trust
Shows such as The Tinder Swindler and Inventing Anna were big money-earners for Netflix in 2022, but Onfido’s Mike Tuchen says their popularity risks damaging consumer trust Continue Reading
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News
23 Jan 2023
More than 1,000 tech roles chopped at Capital One
US bank makes tech job cuts as its digital transformation moves into a new phase Continue Reading
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News
19 Jan 2023
Fraudsters and cyber criminals stole more than £4bn in the UK through 2022
The amount of money stolen by fraudsters and cybercriminals in the UK saw a huge increase in 2022 Continue Reading
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News
17 Jan 2023
UK fintech payments unicorn cuts back as Covid-19 boost wears off
Payments infrastructure firm Paddle downsizes as Covid-19-generated business boost runs out of steam Continue Reading
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News
17 Jan 2023
Crest throws support behind CyberUp CMA reform campaign
Cyber accreditation association Crest International has lent its support to the CyberUp campaign for reform to the Computer Misuse Act of 1990 Continue Reading
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News
17 Jan 2023
Fintech makes job cuts to workforce amid falling demand
Peer-to-peer lender cuts 14% of its workforce amid a rise in interest rates limiting the popularity of lending services Continue Reading
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News
16 Jan 2023
Cash use rises for first time in 13 years as cost of living increases
The number of cash withdrawals increased last year, for the first time in 13 years, but remains below the pre-Covid-19 figure Continue Reading
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News
12 Jan 2023
How Indian banks can drive automation in corporate banking
Banks should prioritise their processes for automation based on the level of human intervention, understand their processes thoroughly and put employees at the centre of their automation efforts Continue Reading
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News
11 Jan 2023
SMEs eye moving business to challenger bank
Known for their consumer banking success, challenger banks are now winning over hearts and minds in the small business sector Continue Reading
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News
11 Jan 2023
Microsoft fixes EoP zero-day on January Patch Tuesday
On the first Patch Tuesday of 2023, Microsoft fixed an elevation of privilege vulnerability in Windows Advanced Local Procedure Call, which has been actively exploited in the wild and may be co-opted into ransomware campaigns Continue Reading
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News
11 Jan 2023
Davos 2023: Pervasive cyber crime and cyber security gaps pose severe risk to organisations
Governments and organisations face tough trade-offs as they balance immediate problems caused by economic recession, energy shortages and rising interest rates with longer-term risks, including the impact of global warming Continue Reading
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News
10 Jan 2023
Latest Innovate Finance report reveals decrease in UK fintech investment, but like-for-like increase
Innovate Finance’s latest figures on fintech investment show reduction in UK, but report methodology leaves this open to change Continue Reading
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News
10 Jan 2023
Insurer Beazley introduces catastrophe bond to ease cyber risk
Insurance company Beazley says that its $45m cyber catastrophe bond will help to protect its balance sheet and enable it to offer more cyber insurance cover Continue Reading
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News
09 Jan 2023
JPMorgan ordered to face lawsuit over cyber attack on Ray-Ban maker
US banking giant JPMorgan forced to respond to accusations that it failed to inform a business customer about suspicious transactions Continue Reading
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News
06 Jan 2023
Proposed digital fraud refund rules risk excluding many victims
Proposals to establish a fraud refund mechanism in the UK risk excluding many victims of digitally enabled fraud, a major bank has warned Continue Reading
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News
05 Jan 2023
Cashless Denmark has no bank robberies in a year for first time
Denmark saw no bank robberies in a single year for the first time ever, but online fraud continues to increase Continue Reading
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News
05 Jan 2023
How technology is fuelling CommBank’s customer experience
The Commonwealth Bank of Australia has built up capabilities in cloud and microservices while empowering engineering teams to solve complex customer problems Continue Reading
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News
04 Jan 2023
Traditional banking under threat from platform-based alternatives
Banking as a service embedded in non-banking business offerings will take large chunks from traditional banks Continue Reading
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News
04 Jan 2023
Diversity and inclusion figures high in New Year Honours List 2023
The New Year Honours List 2023 hailed those in the technology community who promote diversity and inclusion Continue Reading
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Feature
29 Dec 2022
The importance of improving data quality at source
Data replication crises have struck government and scientific data quality efforts. A lack of scrutiny over data being used at source has led to oversights from national statistics to financial auditing Continue Reading
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Feature
29 Dec 2022
Cyber security professionals share their biggest lessons of 2022
In the run-up to 2023, cyber security professionals are taking the time to reflect on the past few months and share their biggest lessons of 2022 Continue Reading
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News
29 Dec 2022
Top 10 Nordic IT stories of 2022
Here are Computer Weekly's top 10 Nordic IT articles of 2022 Continue Reading
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Opinion
29 Dec 2022
How does red teaming test the ultimate limits of cyber security?
An expert ethical hacker reveals how he goes about carrying out a red team exercise Continue Reading
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Opinion
28 Dec 2022
Why the current fraud model is broken, and how to fix it
Scammers and fraudsters are catching up with the good guys; a new technological approach is needed to fight skyrocketing volumes of digital fraud, says Darwinium founder Alisdair Faulkner Continue Reading
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News
23 Dec 2022
Top 10 financial services IT stories of 2022
Here are Computer Weekly’s top 10 financial services IT articles of 2022, looking back at the moves and changes over the past year Continue Reading
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News
22 Dec 2022
Top 10 cyber security stories of 2022
The war in Ukraine loomed large over the cyber security news agenda, but 2022 also saw growing awareness of open source security, discussion around cyber insurance, and more besides Continue Reading
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News
22 Dec 2022
Top 10 cyber crime stories of 2022
Cyber crime continued to hit the headlines in 2022, with impactful cyber attacks abounding, digitally enabled fraud ever more widespread and plenty of ransomware incidents Continue Reading
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News
20 Dec 2022
Four-day working week set to stay at Atom bank
Challenger bank Atom has formalised a four-day working week policy after a successful trial Continue Reading
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News
20 Dec 2022
TSB hit with huge fine after IT migration disaster
TSB has been fined nearly £50m due to failings during its IT migration catastrophe Continue Reading
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Opinion
19 Dec 2022
Security Think Tank: 2022 brought plenty of learning opportunities in cyber
At the end of another busy 12 months, Turnkey Consulting’s Andrew Morris sums up some of the most important takeaways for cyber pros Continue Reading
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News
14 Dec 2022
Ethical hackers flex their muscles in 2022
Ethical hackers working through HackerOne programmes found 21% more vulnerabilities in 2022 than in 2021 Continue Reading
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News
14 Dec 2022
Microsoft and London Stock Exchange agree £2.3bn 10-year cloud deal
The London Stock Exchange is building on its acquisition of financial data provider Refinitiv through a deal with Microsoft Continue Reading