News

IT for financial services

• October 26, 2020 26 Oct'20

  Cooperation between Norway’s security agencies planned following cyber attack on parliament

  Government seeks to develop enhanced national IT infrastructure with an embedded early warning system and defence shield to protect the IT systems of public and private organisations

• October 23, 2020 23 Oct'20

  Deutsche Bank in talks over sale of IT unit to TCS

  German bank is said to be in negotiations to sell its retail banking IT operation to Indian IT giant

• October 22, 2020 22 Oct'20

  Nordic countries in denial over IT industry equality

  Arriving in Denmark to find she was the only woman on a computer science master’s course was a shock to Plamena Cherneva

• October 22, 2020 22 Oct'20

  ANZ Bank moves digital banking services to container platform

  Australia’s largest bank now runs 30% of its internet banking services on Red Hat OpenShift in a move that has energised developers and paved the way for more automation

• October 21, 2020 21 Oct'20

  Financial services staff want work-from-home policies to continue after Covid

  About half of workers in the finance sector want their employers to retain remote working policies brought in during the pandemic

• October 19, 2020 19 Oct'20

  London’s fintechs continue to attract investment

  The capital’s fintechs continue to attract large volumes of venture capital funds despite the global economic slowdown

• October 19, 2020 19 Oct'20

  Estonian rude awakening spurs tech startup activity

  Money laundering scandal in Estonia has sparked tech startup activity in the Baltic country as banks look for answers

• October 16, 2020 16 Oct'20

  UK announces proposals to protect cash amid evolution of digital payments

  Government wants to ensure access to physical currency by consumers at retailers of all sizes

• October 16, 2020 16 Oct'20

  CIO interview: Generali’s Yanna Winter on the power of data integration

  Yanna Winter, CIO and head of IT at insurance firm Generali, discusses how to slice up the legacy IT elephant in the room to enable data-driven applications

• October 14, 2020 14 Oct'20

  Fintech ‘unicorn’ Klarna probed over data misuse

  Online bank blames misuse of user data on human error as Information Commissioner’s Office weighs in

• October 12, 2020 12 Oct'20

  Challenger bank accessing latest anti-money laundering technology through fintech

  Challenger banks works with fintech to support its anti-money laundering efforts

• October 12, 2020 12 Oct'20

  UK economy could see blockchain boost worth £57bn by 2030

  Blockchain could provide major economic benefits by being used to track and trace products and services

• October 09, 2020 09 Oct'20

  Magecart strikes website of school payments service Wisepay

  Magecart credit card skimmer harvested financial data of users of Wisepay’s platform over a two-day period

• October 07, 2020 07 Oct'20

  Consumers find new payment methods during pandemic

  Non-cash payments have grown at their fastest rate for a decade and due to Covid-19 restrictions, more people are discovering different ways to pay

• October 07, 2020 07 Oct'20

  UK accounts for 45% of Europe’s card fraud as criminals target online transactions

  Payment card fraudsters steal €1.5bn, with card-not-present attacks accounting for three-quarters of this sum

• October 05, 2020 05 Oct'20

  HMRC warns locked-down freshers of ‘wave’ of tax scams

  New university intake may be being targeted by cyber criminals amid Covid-19 confusion

• October 05, 2020 05 Oct'20

  Regulator wants fintechs to address pandemic financial challenges

  UK financial services regulator is supporting fintechs in addressing some of the challenges consumers and small businesses face amid the current pandemic

• October 05, 2020 05 Oct'20

  TSB mobile banking problems a reminder of risk of reliance on digital

  TSB customers have had problems accessing the mobile banking app just days after the bank announced it was closing 164 branches

• October 01, 2020 01 Oct'20

  Children’s debit card provider Gohenry banks on Google Cloud to ease IT infrastructure growing pains

  The CTO and COO of child-focused, parent-controlled debit card service provider Gohenry discusses how moving to the Google Cloud has helped its IT infrastructure avoid user-related growing pains

• September 30, 2020 30 Sep'20

  Norway leaves door open to Huawei

  Government gives telecoms companies responsibility to choose their equipment suppliers, which could include Huawei

• September 29, 2020 29 Sep'20

  Over two million Brits using open banking

  Data shows more than two million people in the UK are now taking control of their financial data through open banking

• September 29, 2020 29 Sep'20

  NatWest offers online banking customers free security services

  Bank responds to a surge in cyber crime targeting users of online banking services

• September 24, 2020 24 Sep'20

  Can banks solve money laundering puzzle through technology?

  Banks face a huge challenge in identifying and stopping money laundering without interfering with police investigations

• September 23, 2020 23 Sep'20

  Over half of firms intend to continue US data transfers despite Schrems II

  Survey shows many organisations do not intend to significantly change their data-sharing practices, at least until there is more guidance from regulators or governments

• September 23, 2020 23 Sep'20

  Latest Tech Nation fintech cohort reflects diversifying sector

  The latest group of fintechs accepted into Tech Nation’s growth programme reflects the diversification of a maturing sector

• September 23, 2020 23 Sep'20

  Banks stall return-to-work plans as UK government changes advice

  Banks pause plans to bring staff back to the office as the government backtracks on its policy

• September 21, 2020 21 Sep'20

  Royal Mint coin production freeze points to digital future for small payments

  Royal Mint freezes production of certain coins as demand dries up amid changing consumer habits

• September 17, 2020 17 Sep'20

  Swedish bank cuts branches and jobs, increases IT spend

  Swedish bank is increasing investment IT to improve digital banking as it reduces its branch network

• September 16, 2020 16 Sep'20

  Banks report surge in impersonation scams

  Fraudsters are using the Covid-19 crisis to trick people into transferring money to them

• September 16, 2020 16 Sep'20

  Deutsche Bӧrse tackles VMware application migration with Google Cloud

  German financial exchange firm provides an update on its progress in its move to embrace a hybrid IT and multicloud future

• September 14, 2020 14 Sep'20

  Fintech Pledge launched to strengthen UK’s financial technology sector

  The Fintech Pledge initiative is designed to foster closer collaboration between banks and fintechs so that the UK can continue building a globally competitive fintech ecosystem

• September 11, 2020 11 Sep'20

  Santander to double investment in fintechs

  Santander is doubling the amount of money it invests in fintech startups after the success of its funding arm, which was established in 2014

• September 09, 2020 09 Sep'20

  Branch-based anti-fraud scheme to be expanded to online banking

  A successful branch-based anti-fraud scheme will be expanded by banks to include online and telephone banking

• September 09, 2020 09 Sep'20

  Abu Dhabi government launches peer-to-peer coding campus

  Abu Dhabi government launches a specialist programming school that uses peer-to-peer teaching methods and gamification

• September 08, 2020 08 Sep'20

  Nordic banks invest and innovate to keep digital rivals at bay

  Large traditional banks are accelerating their digital transformations as the regional fintech sector makes its presence felt

• September 07, 2020 07 Sep'20

  Artificial intelligence keeps HSBC ATMs stocked with cash

  HSBC is using artificial intelligence technology developed in-house to help it make sure ATMs are appropriately stocked with cash

• September 07, 2020 07 Sep'20

  Dutch bank set to save €5m via Veeam backup upgrade

  Rabobank ditched legacy backup where patching took months and restores took hours. Those times are now cut down massively and the bank has a readily available test environment

• September 04, 2020 04 Sep'20

  Covid-19 has strained London tech firms but they have central role in recovery

  London tech startups are feeling the effects of the economic slowdown brought on by Covid-19, but there is a huge opportunity for those with the right focus

• September 04, 2020 04 Sep'20

  Virtual London Tech Week is a sign of the future

  London Tech week's virtual event is another sign of how the Covid-19 pandemic has accelerated digital transformation

• September 03, 2020 03 Sep'20

  Phishing scam targets Lloyds Bank customers

  Bank customers warned of emails and SMS messages that direct them to a fraudulent site and then request account log-in details

• September 03, 2020 03 Sep'20

  Insurers accept they were slow to adopt digital

  Insurance companies know they must prioritise digital investment and are planning in-house development to help make up lost ground

• September 02, 2020 02 Sep'20

  UK to build commercially available quantum computer

  The UK government is backing a quantum computing project that will provide businesses with access to the technology

• September 01, 2020 01 Sep'20

  UBS streamlines software product development with GitLab

  The bank hopes to double the speed of software development, testing and deployment to support applications for clients

• September 01, 2020 01 Sep'20

  Norway’s corporates want government to support ‘herd immunity’ to cyber attack

  Leading business organisations in Norway call on government to play a more active role in improving and coordinating the country’s cyber defences

• September 01, 2020 01 Sep'20

  How Bank Mandiri is driving the use of big data analytics

  Indonesia’s largest bank has built a big data platform to track transactions and monitor the health of its workforce, among other big data analytics initiatives

• August 31, 2020 31 Aug'20

  How India’s Tata Capital is expanding its digital footprint

  Tata Group’s financial services arm has been migrating branch walk-ins and voice calls to self-service digital channels staffed by chatbots as it expands its digital footprint

• August 28, 2020 28 Aug'20

  New Zealand activates security services as DDoS outage enters fourth day

  New Zealand government calls in its national cyber security agencies to help investigate a continuing cyber attack on the country’s financial systems

• August 27, 2020 27 Aug'20

  DDoS downs New Zealand stock exchange for third day

  Distributed denial of service attack from overseas has left stock exchange offline for days

• August 27, 2020 27 Aug'20

  Financial services business leaders and CIOs disagree on IT infrastructure

  IT leaders and senior business executives need to align their technology infrastructure priorities as businesses attempt to emerge from the Covid-19 crisis

• August 27, 2020 27 Aug'20

  CTO interview: David Rafalovsky, Sberbank Group

  Russia’s Sberbank is well into its digital transformation journey, with artificial intelligence and supercomputing now at the centre of its plans