News

IT for financial services

• February 22, 2021 22 Feb'21

  Pandemic has exposed fractures in cyber fraud strategy

  RUSI report urges a bolder and more coordinated response to cyber-enabled fraud as the pandemic lays bear the scale of the problem

• February 19, 2021 19 Feb'21

  European Commission proposes UK data adequacy agreement

  The publication of two draft data adequacy decisions brings the UK closer to a final positive decision, which will enable the continued free flow of data between the EU and the UK if green-lit by member states

• February 18, 2021 18 Feb'21

  Fingerprints will help payment cards retain relevance

  Biometric payment cards using fingerprint technology could add billions to global banking revenues, says UBS

• February 17, 2021 17 Feb'21

  Swedish central bank extends digital currency project

  Sweden's central bank has extended its pilot of a digital currency for at least another year

• February 16, 2021 16 Feb'21

  TransferGo to harness Google-inspired tech capability

  Payments fintech TransferGo chooses cloud-native core banking platform to build a digital wallet and expand its services

• February 16, 2021 16 Feb'21

  Qatar regulator launches platform to monitor human understanding of financial crime

  Qatari financial services regulator works with global body to provide digital platform to assess whether financial services workers understand how to prevent financial crime

• February 16, 2021 16 Feb'21

  IR35 private sector reforms: HMRC reminds firms to use ‘reasonable care’ when applying new tax rules

  As the countdown to the IR35 reforms being rolled out to the private sector continues apace, HM Revenue and Customs issues compliance guidance for firms in-scope of the new rules

• February 15, 2021 15 Feb'21

  Digital investments will add £232bn to UK economy by 2040

  The UK economy could grow by £232bn over the next two decades if investments in digital technologies continue

• February 15, 2021 15 Feb'21

  Post Office to offer digital ID services to customers

  Post Office partnership with Yoti is intended to expand customer choice as to how people prove their identity when accessing services

• February 11, 2021 11 Feb'21

  Goldman Sachs reopens UK digital savings account

  US banking giant resumes online account for UK savers after temporarily withdrawing it in response to high demand

• February 11, 2021 11 Feb'21

  Nationwide Building Society kicks off search for tech apprentices

  Nationwide is working with local organisations to boost tech skills

• February 10, 2021 10 Feb'21

  Société Générale adopts work-from-home policy

  French bank formalises remote working policy after discussions with labour unions

• February 10, 2021 10 Feb'21

  Century-old insurer uses low code as digital demands increase

  Lloyds of London insurance and reinsurance broker Miller breaks from the past by adopting low-code software development platform

• February 09, 2021 09 Feb'21

  Russia’s Sber launches international AI contest for children

  Children from across the world invited to take part in artificial intelligence competition launched by Russian bank-turned-tech business

• February 04, 2021 04 Feb'21

  Revolut rewrites policy to include permanent remote working

  Challenger finance firm Revolut is redesigning its office spaces and introducing permanent remote working policies

• February 04, 2021 04 Feb'21

  Fraud and cyber crime still vastly under-reported

  The scale of digitally enabled crime in the UK is dramatically under-reported, new statistics indicate

• February 03, 2021 03 Feb'21

  Has Covid-19 made bank branch closures easier to sell?

  Big banks continue to close branches and invest more in technology as the Covid-19 pandemic makes a case for digital banking

• February 03, 2021 03 Feb'21

  Google grows cloud sales as parent’s profits top $40bn

  Alphabet announces massive overall profits and increased Google cloud sales

• February 02, 2021 02 Feb'21

  Nordic countries dominate European online banking take-up

  Nordics dominate online banking take-up in Europe, but the UK is not far behind

• February 02, 2021 02 Feb'21

  Financial services giants form EU-focused coalition to boost sector’s public cloud adoption pace

  A dozen or so European financial institutions have joined forces to stimulate the pace of public cloud adoption in the sector

• February 01, 2021 01 Feb'21

  IR35 private sector reforms: Zurich Insurance under fire over contractor blanket ban

  Zurich Insurance is the latest high-profile financial services company to declare contractors can only continue to engage with it via umbrella setups from April 2021, ahead of the IR35 rules coming into force

• January 29, 2021 29 Jan'21

  Commerzbank announces big job cuts and branch closures

  German bank is closing hundreds of branches and cutting thousands of jobs as it reshapes for the digital age

• January 28, 2021 28 Jan'21

  JP Morgan Chase hires for UK digital bank launch

  US banking giant hires in the UK in preparation for digital consumer bank launch

• January 28, 2021 28 Jan'21

  Contactless payment limit could rise to £100 as FCA seeks industry views

  UK financial services regulator is considering raising the contactless card payment limit to £100

• January 27, 2021 27 Jan'21

  Yorkshire Building Society migrating application development to improve customer satisfaction

  Yorkshire Building Society is moving to new application development platform to support the creation of customer-friendly online services

• January 26, 2021 26 Jan'21

  Customers turn to cash as IT issue hits card payments at major supermarkets

  IT problem at payment processing company has forced shoppers to resort to cash in Morrisons and Co-op stores

• January 26, 2021 26 Jan'21

  Cyber fraud a national security issue, says Rusi report

  A report from the Rusi think tank calls for fresh approaches to how we think about fighting fraud

• January 25, 2021 25 Jan'21

  Are banks overburdened with responsibility for money lost to online scams?

  Bank boss calls for cross-industry cooperation to reduce scams that trick people into making instant payments online

• January 22, 2021 22 Jan'21

  Nine out of 10 UK card payments in 2020 were contactless

  Contactless cards payments accounted for around 90% of card payments in the UK in 2020

• January 21, 2021 21 Jan'21

  UKtech50 2021: Vote for the most influential person in UK technology

  Our judges have picked a shortlist, and now we invite readers to tell us who should be chosen as the most influential person in the UK tech scene for 2021 – submit your vote now

• January 20, 2021 20 Jan'21

  HSBC closing more branches as customers turn to digital channel

  Bank announces branch closures as it reshapes its network for the digital age

• January 19, 2021 19 Jan'21

  Questions raised by New Zealand central bank boss, following cyber attack investigation

  The governor of New Zealand’s central bank said the organisation must answer questions about its security following a ‘significant’ attack

• January 18, 2021 18 Jan'21

  UKtech50: The 2021 longlist

  Each year, Computer Weekly launches its annual search for the most influential people in UK IT, where the tech industry nominates who it thinks should be in the top 50 – here is the longlist for 2021

• January 15, 2021 15 Jan'21

  Tech partnership to drive Finland’s quantum computing project

  Organisations in Finland are developing quantum computing capabilities through a state and private sector partnership

• January 14, 2021 14 Jan'21

  Experian calls for less bureaucratic data regulations

  Open banking requires cross-industry collaboration, but sharing personal data requires explicit consent, which can become a bottleneck

• January 14, 2021 14 Jan'21

  Numbers stack up for UK open banking three years on

  Three years have passed since open banking regulations came into force and momentum is gathering

• January 13, 2021 13 Jan'21

  Three-quarters of finance firms report more potentially criminal activity in their networks

  Fears of failing to comply with strict regulations grow as financial services firms identify more suspicious financial activity on their networks

• January 13, 2021 13 Jan'21

  European IT outsourcing spend up in 2020 after cloud boost

  IT outsourcing sector growth is an indication that businesses are beginning to see light at the end of the tunnel amid the Covid-19 pandemic and the economic disruption it has brought

• January 12, 2021 12 Jan'21

  Retail giant Walmart to launch a fintech

  Fintech will be geared towards offering the services Walmart’s customers and employees want

• January 12, 2021 12 Jan'21

  IR35 private sector reforms: Research highlights lack of preparedness ahead of April 2021 start date

  As the private sector start date for the IR35 reforms looms large, research suggests some companies are still dragging their feet with their preparations

• January 12, 2021 12 Jan'21

  Bahrain hopes 5G roll-out will attract more tech firms to its shores

  Bahrain has completed its 5G roll-out, which will support its IT infrastructure in creating the right environment for technology firms

• January 11, 2021 11 Jan'21

  Jobs in fintech bounce back after brief lockdown lull

  Fintechs and payments companies need to make staff recruitment a priority as talent pool shrinks

• January 11, 2021 11 Jan'21

  New Zealand central bank IT system breached in cyber attack

  Bank is responding to a cyber attack after hackers breached the system of a third-party supplier

• January 08, 2021 08 Jan'21

  Which? online banking investigation reveals ‘worrying gaps’ in security

  Consumer rights organisation has ranked the security of UK online current account providers

• January 07, 2021 07 Jan'21

  Trump bans Chinese payment apps

  US president signs executive order banning the use of Chinese payments app, citing national security risks

• January 07, 2021 07 Jan'21

  DBS opens tech academy in skills training drive

  The DBS Future Tech Academy will focus on training the bank’s technologists in three disciplines for a start – site reliability engineering, data processing and analytics, and application security

• January 05, 2021 05 Jan'21

  Huawei battles for market access in Nordics

  Chinese networking equipment supplier Huawei fights to retain access to potential 5G contracts across the Nordic region

• January 05, 2021 05 Jan'21

  Banking trade body calls for increased contactless payment limit

  UK Finance proposes an increase in the limit on spending using contactless cards

• January 05, 2021 05 Jan'21

  AAT calls on government to re-think the Making Tax Digital exemption threshold

  The Association of Accounting Technicians calls for improvements to HM Revenue and Customs’ Making Tax Digital programme, and says the exemption threshold, currently at £10,000, should be raised

• December 31, 2020 31 Dec'20

  Pandemic heroes dominate New Year Honours List 2021

  The New Year Honours List 2021 is remarkable for its recognition of those who have excelled during the Covid-19 public health emergency, including digital and data professionals