News

IT for financial services

• July 27, 2021 27 Jul'21

  Gaming could reduce the gamble for users of online finance

  Financial gaming platform designed to educate the increasing number of amateur traders

• July 20, 2021 20 Jul'21

  Nordic banks join forces to compete with fintechs

  Collaboration will be key for traditional Nordic banks to retain business amid intense competition from tech companies

• July 15, 2021 15 Jul'21

  Fintech sector continues to attract investment as Revolut hits $33bn valuation

  Revolut has become the most valuable financial technology firm in the UK after its latest round of investment, with plans for a ‘superapp’

• July 14, 2021 14 Jul'21

  EC approves pan-Nordic payments platform

  Pan-Nordic payments platform will move to its next phase after receiving merger approval from the European Commission

• July 14, 2021 14 Jul'21

  More than half of European IT outsourcing spending will soon be on cloud services

  Cloud services will soon be the largest part of the IT services market in Europe, as enterprises invest in them as part of their Covid-19 recovery strategies

• July 14, 2021 14 Jul'21

  Multiple Microsoft bugs being actively exploited

  Microsoft’s July Patch Tuesday update fixes 117 vulnerabilities, 13 rated as critical and four already being actively exploited

• July 13, 2021 13 Jul'21

  AI to have biggest impact on fintech development over next five years

  Artificial intelligence will become the most influential technology in the fintech sector over the next five years

• July 13, 2021 13 Jul'21

  Financial services sector’s cloud use set for more regulatory scrutiny on resilience grounds

  Financial stability report by Bank of England’s Financial Policy Committee raises red flag about banks’ growing reliance on a small number of cloud service providers

• July 13, 2021 13 Jul'21

  Met Police seize £180m worth of Bitcoin

  The largest ever seizure of cryptocurrency in the UK comes just weeks after a previous multi-million pound confiscation, as law enforcement clamps down on money laundering

• July 13, 2021 13 Jul'21

  UK fintech investments recovering from lost year

  Fintech investments have bounced back in the first half of this year after a Covid-19-hit 2020

• July 13, 2021 13 Jul'21

  Russia tightens pressure on global IT companies

  Russian authorities will force certain IT companies with customers in Russia to open local offices

• July 07, 2021 07 Jul'21

  Former Bank of England CIO joins Co-op Group as CTO

  Rob Elsey joins the Co-op Group at a time when the organisation is undergoing major digital transformation

• July 07, 2021 07 Jul'21

  Opportunists seen targeting Kaseya REvil victims

  Malwarebytes researchers highlight new spam campaign targeting businesses impacted by the ongoing Kaseya REvil ransomware incident

• July 06, 2021 06 Jul'21

  Bank of England searches for new CIO amid once-in-a-generation project

  The Bank of England is recruiting a head of IT during a period of major change in its core IT system

• July 06, 2021 06 Jul'21

  Klarna under investigation by Swedish finance watchdog

  Swedish fintech is being investigated by financial services regulator after customer information was visible to others

• July 06, 2021 06 Jul'21

  Cyber insurance costs up by a third

  The frequency and severity of ransomware attacks is a leading factor behind a substantial increase in the cost of obtaining cyber security insurance

• July 06, 2021 06 Jul'21

  Gulf hospitals flock to digital health to manage lifestyle diseases

  The Middle East is accelerating its take-up of digital healthcare technologies following lessons learned in the Covid-19 pandemic

• July 06, 2021 06 Jul'21

  Nordic fintech could lead the world

  Will the Nordics become the fintech and open banking innovation capital of the world?

• July 05, 2021 05 Jul'21

  Quarter of UK financial services staff want to continue working from home

  Working from home looks set to stay in the finance sector after Covid-19 restrictions are lifted, as staff express their preferences for remote working

• July 05, 2021 05 Jul'21

  Klarna’s alumni thrive with new ventures after witnessing path to success

  Former Klarna employees are using their experiences with the fintech giant to create the next wave of Swedish tech startups

• July 02, 2021 02 Jul'21

  Should I be worried about PrintNightmare?

  The accidental publication of proof of concept code for a Windows vulnerability, and the reclassification of said bug from low to critical severity, has the cyber community concerned. Is it right to be?

• July 01, 2021 01 Jul'21

  Nordic mobile wallets to merge onto single tech platform

  Plans underway to merge the mobile wallets of various Nordic banks into a single public cloud-based technology platform

• July 01, 2021 01 Jul'21

  US Cybersecurity and Infrastructure Security Agency launches ransomware assessment tool

  Newly launched service will help US organisations understand how prepared they are to deal with a ransomware attack

• July 01, 2021 01 Jul'21

  NHS IT fraudster Barry Stannard sentenced to five years in prison

  Stannard used his position as head of unified communications at an Essex NHS Trust to cheat the taxpayer of more than £800,000

• June 29, 2021 29 Jun'21

  Bank branches will be a thing of the past in five years, say bankers

  Traditional bank branches are likely to disappear from the high street in the next five years, but banking ecosystems will ensure customer service levels are high, say bankers

• June 29, 2021 29 Jun'21

  New Nobelium attacks a reminder to attend to cyber basics

  A new campaign from the same threat group that broke into SolarWinds serves as a reminder that cyber crime gangs will try to exploit any avenue they can, even if technically unsophisticated

• June 29, 2021 29 Jun'21

  UK Cyber Security Council launches inaugural initiatives

  Security association seeks to determine terms of reference for committees to oversee standards and ethics, and qualifications and careers in the cyber sector

• June 28, 2021 28 Jun'21

  Insurers unprepared for challenges of underwriting ransomware

  RUSI think tank calls for an industry-wide reset amid intense challenges for providers of cyber security insurance

• June 28, 2021 28 Jun'21

  Zopa Bank to make profit in its first year

  Bank set up by peer-to-peer lending fintech firm expected to make a profit in its first year

• June 28, 2021 28 Jun'21

  UK’s FCA bans crypto exchange Binance as crackdown spreads

  Ban on Binance Markets comes amid a wider global crackdown on the largely unregulated global market for cryptocurrencies and related assets.

• June 28, 2021 28 Jun'21

  German merger to fuel savings fintech expansion

  German savings fintechs merge and plan European and US expansion

• June 28, 2021 28 Jun'21

  HMRC-branded phishing scams surge despite protections

  The number of HMRC-branded phishing scams surged 87% in the past 12 months, according to latest revealed figures

• June 25, 2021 25 Jun'21

  Brighton tourists charged thousands of pounds for fairground ride after Worldpay glitch

  Tourists at a Brighton attraction were overcharged by thousands of pounds due to a glitch at payment processor Worldpay

• June 24, 2021 24 Jun'21

  Visa to acquire Swedish open banking fintech for €1.8bn

  Payments giant Visa agrees to pay €1.8bn to acquire Tink, a specialist open banking fintech

• June 24, 2021 24 Jun'21

  Revealed: Crypto platform’s role in Cl0p ransomware raid

  Crypto infrastructure provider Binance provided assistance to law enforcement after finding its exchange was being used by cyber criminals to launder their ransomware profits

• June 24, 2021 24 Jun'21

  Oracle signs multi-year database modernisation deal with Deutsche Bank to support its cloud plans

  Database software giant signs a deal with Deutsche Bank to support the financial services company’s ongoing hybrid cloud-focused digital transformation plans

• June 24, 2021 24 Jun'21

  Lloyds Bank to close 44 more branches

  Banking group has announced the closure of a further 44 branches as customers increasingly use other channels for banking

• June 24, 2021 24 Jun'21

  Make ransomware payments illegal, say 79% of cyber pros

  Report produced for MSSP Talion claims overwhelming support for the criminalisation of ransomware payments

• June 16, 2021 16 Jun'21

  Contactless payments accounted for a quarter of all UK payments in 2020

  Restrictions in everyday life brought by the Covid-19 pandemic fuelled an increase in the use of contactless payment technology during 2020

• June 15, 2021 15 Jun'21

  Japanese bank boss to leave after IT failures

  Mizuho Bank president takes the blame for widespread IT system failures at the organisation

• June 11, 2021 11 Jun'21

  IR35 tribunal sees Nationwide IT contractor lose second appeal against £70,000 HMRC tax bill

  Tribunal dismisses second appeal by IT project manager Robert Lee that his contracts with Nationwide would fall out of scope of the IR35 legislation

• June 10, 2021 10 Jun'21

  Risk data shows UK energy sector most vulnerable to cyber attack

  New report compiled by insurance firm Hiscox reveals the state of cyber preparedness in the UK and beyond

• June 09, 2021 09 Jun'21

  RSA spins out fraud and risk unit as Outseer

  RSA Security is transitioning its fraud and risk intelligence work into a new business to be called Outseer

• June 09, 2021 09 Jun'21

  BBVA to cut 3,000 jobs in Spain as digital technology transforms industry

  Spanish bank is the latest to announce swingeing branch and job cuts amid increased digital competition

• June 09, 2021 09 Jun'21

  Klarna takes on UK credit card providers with feature that breaks up online payments

  Fintech unicorn introduces feature to its app in the UK which will challenge traditional credit card providers

• June 07, 2021 07 Jun'21

  Bank of England calls for feedback on digital currencies

  The UK financial services regulator is calling for feedback from organisations, including tech firms, on the use of cryptocurrency

• June 04, 2021 04 Jun'21

  HSBC offers all businesses scam awareness app

  HSBC is sharing information on the latest scams and how to defend against them thorough its latest app, available to all businesses

• June 03, 2021 03 Jun'21

  Swedish university is behind quantum computing breakthrough

  Chalmers University of Technology simplifies the process of measuring the temperatures of quantum computers during complex calculations

• June 01, 2021 01 Jun'21

  Ex-IT manager stole over £800,000 from NHS trust

  A former senior IT manager at an Essex NHS trust has pleaded guilty to defrauding his employer out of more than £800,000

• May 31, 2021 31 May'21

  Great Eastern doubles down on data analytics

  Singapore insurer Great Eastern has started a centre of excellence to drive adoption of data analytics and hone its capabilities in data governance and data engineering