News

IT for financial services

• August 26, 2020 26 Aug'20

  Co-operative cuts branch network and jobs

  Co-operative bank will rely more heavily on its digital channels as 18 more branches are shuttered

• August 25, 2020 25 Aug'20

  North Korea’s Lazarus targets cryptocurrency vertical

  APT group behind the infamous WannaCry incident is targeting cryptocurrency operators, according to new research

• August 17, 2020 17 Aug'20

  DBS Bank teams up with AWS on AI skills

  Singapore’s DBS Bank is organising an AWS DeepRacer League to equip thousands of employees with skills in artificial intelligence and machine learning

• August 14, 2020 14 Aug'20

  Executive interview: Sri Shivananda, chief technology officer, PayPal

  Computer Weekly talks to PayPal’s tech head about the payment provider’s SOA, security, open source and the lockdown

• August 10, 2020 10 Aug'20

  Gov.uk Verify continues to pose ‘notable risk’ to Cabinet Office

  Government Digital Service put in place “unprecedented measures” in response to the Covid-19 coronavirus pandemic and built several new digital services, but its Gov.uk Verify programme continues to “pose notable risk” to the department, according ...

• August 07, 2020 07 Aug'20

  Cyber attack combined with Covid-19 puts Travelex into administration

  Foreign exchange firm Travelex has cut UK staff by 1,300 and physical outlets will remain closed

• August 07, 2020 07 Aug'20

  Challenger bank sees huge growth during pandemic

  Starling Bank has seen a big increase in its business amid the Covid-19 slowdown

• August 05, 2020 05 Aug'20

  Netherlands investigates innovative privacy technology SSI

  Dutch research organisation is looking into areas where self-sovereign identity technology could be used in society and business

• August 05, 2020 05 Aug'20

  Egypt’s datacentre plans take key step forward

  Government lays the foundations for a datacentre industry with its new data protection law

• August 05, 2020 05 Aug'20

  Brits, terrified of impact of second Covid-19 wave on finances, turn to money management apps

  People are using apps to help them manage their money amid fears of a second coronavirus lockdown in the UK

• August 04, 2020 04 Aug'20

  Google links with eight US banks for current accounts

  Tech giant works with banks to layer digital services on top of secure and regulated banking infrastructures

• July 30, 2020 30 Jul'20

  Barclays CEO says Canary Wharf office set to stay despite home working success

  Barclays chief says the success of home working during the Covid-19 pandemic has taught the banks lessons, one of which is that major centres like Canary Wharf will remain

• July 30, 2020 30 Jul'20

  Finland government funds work on potential quantum leap

  Finland's government is committing money to the development of quantum computing technologies to potentially provide a giant leap for the nation's industries

• July 30, 2020 30 Jul'20

  Accenture selected for key role in Bank of England core settlement system replacement

  Accenture will be technology delivery partner in project to replace the core system used to settle payments between banks

• July 29, 2020 29 Jul'20

  Bank of Ireland fined for six-year-old IT breach

  Bank of Ireland fined by regulator for its failings to prevent fraud six years ago

• July 28, 2020 28 Jul'20

  Digital bank customer data breached through third party

  FBI is investigating digital bank customer data breach that occurred via a former third-party supplier

• July 28, 2020 28 Jul'20

  UK government aims fintech industry at Africa

  UK government is building fintech relationships with developing countries, beginning with a pilot programme in Africa

• July 27, 2020 27 Jul'20

  CIO interview: Hany Choueiri, chief data officer, Aldermore Bank

  Digital transformation, cloud and data science are central to the specialist bank's response to the coronavirus pandemic

• July 27, 2020 27 Jul'20

  UK fintech investment down by more than 30%

  Less-established fintechs have been hit the hardest by the drop in investment capital, but there is light ahead for those that survive

• July 27, 2020 27 Jul'20

  IT expertise in banking boardrooms reduces risk, finds Europe’s central bank

  Banks with more IT knowledge in the boardroom are more realistic about risk, according to Europe’s banking regulator

• July 27, 2020 27 Jul'20

  CTO interview: TransferGo’s Edgardo Savoy discusses skills and product innovation

  Improved user experience has opened up tech to many people, but ease of use distances young people from the tech going on under the hood

• July 22, 2020 22 Jul'20

  Lloyds bank buys into cloud-native payments

  Lloyds Banking Group continues its digital journey by investing in and investigating a cloud-based payments service

• July 22, 2020 22 Jul'20

  New opportunities for Nordic startups post-Covid-19 as virtual offices become the norm

  As companies adjust to digital office life in the pandemic era, a host of Nordic startups are already helping them convert these short-term fixes into long-term strategy

• July 22, 2020 22 Jul'20

  BNP Paribas joins IBM financial services cloud project

  IBM’s financial services cloud is gathering steam as more banks join its public cloud ecosystem of finance firms and developers

• July 21, 2020 21 Jul'20

  Why now could be the right time to launch a digital bank

  Launching a bank during a global crisis is fraught with risk, but an established customer base, experience, agility and diversification could help Zopa do just that

• July 21, 2020 21 Jul'20

  HMRC extends Making Tax Digital programme

  Programme to be extended gradually until April 2023 to cover business below the VAT threshold and income tax self-assessments above £10,000 a year

• July 21, 2020 21 Jul'20

  Santander consumer arm to automate further after Nordic project

  Time and cost savings achieved by RPA pilot were high and customer experience improved, says bank

• July 20, 2020 20 Jul'20

  Government launches fintech review

  Sector review, first touted in the 2020 Budget, aims to find ways to boost competitiveness and growth

• July 17, 2020 17 Jul'20

  BBVA explores quantum computing for banking

  Early results from BBVA's research into quantum computing shows that the technology's application in complex computational tasks in banking is not far away

• July 16, 2020 16 Jul'20

  IR35 private sector reforms: Government response to Finance Bill Sub-Committee inquiry slammed

  Contracting stakeholders claim HMRC and HM Treasury are ‘burying their heads in the sand’ over impact IR35 reforms are set to have on the private sector

• July 16, 2020 16 Jul'20

  Banks face fairness challenges as they commit to AI technology

  Banks working with artificial intelligence technology face governance challenges to ensure AI-based decisions are fair and ethical

• July 16, 2020 16 Jul'20

  Room for improvement in Dutch digital skills

  The Netherlands has good telecommunications and IT networks that can be used safely and reliably, but there is room for improvement in digital skills among the Dutch

• July 15, 2020 15 Jul'20

  Huge declines in traditional outsourcing as Covid-19 puts a stop on deals

  Traditional IT outsourcing deals value plummets in the last quarter as contracts dry up amid Covid-19 disruption

• July 15, 2020 15 Jul'20

  HSBC chooses AWS for public cloud business operations

  HSBC will use a cloud platform from Amazon Web Services across its business operations to accelerate its public cloud use

• July 15, 2020 15 Jul'20

  Singapore’s Project Ubin hits commercialisation milestone

  A blockchain payments network prototype spearheaded by Singapore’s central bank and its partners could speed up and lower the cost of cross-border payments

• July 14, 2020 14 Jul'20

  Standard Chartered latest bank to explore quantum computing

  Standard Chartered is working with researchers to establish use cases for quantum computing in the banking sector

• July 09, 2020 09 Jul'20

  HSBC customers targeted in new smishing scam

  SMS phishing scam is targeting HSBC customers in the UK to trick them into handing over their bank account details

• July 09, 2020 09 Jul'20

  Locked-down Nationwide staff make 2.5 million video calls in June

  Home-working technologies are no longer just a contingency for large companies, with future working practices set to change

• July 09, 2020 09 Jul'20

  Dutch banking’s transaction monitoring utility gets green light

  Plans for a shared utility to monitor financial transactions in the Netherlands have been given the go-ahead after six months of proving the concept

• July 09, 2020 09 Jul'20

  Most finance firms are multicloud, but many are unprepared for public cloud cyber attacks

  Financial services firms are moving to the cloud at pace, but many are uncertain whether they could cope with an attack on an application based in the public cloud

• July 09, 2020 09 Jul'20

  Tencent Cloud teams up with ADBC on banking services

  Singapore’s Asia Digital Bank Corporation could leverage Tencent Cloud’s financial cloud platform to provide banking services to small businesses

• July 08, 2020 08 Jul'20

  Over 15 billion credentials for sale on dark web

  Research by Digital Shadows reveals the scale of the security threat facing consumers as it uncovers 15 billion usernames and passwords stolen in more than 100,000 different data breaches

• July 07, 2020 07 Jul'20

  Banks need to think like Google and not just follow it

  Banks are recruiting senior thinkers from within the IT sector as digital transformations mature

• July 07, 2020 07 Jul'20

  MSP Xchanging attacked in ransomware incident

  Specialist managed services provider is restoring customer access to systems after an unspecified ransomware incident

• July 01, 2020 01 Jul'20

  Société Générale acquires fintech challenger bank

  French bank acquires Shine to expand its services to small businesses and entrepreneurs

• July 01, 2020 01 Jul'20

  FCA estimates about 2.6 million Brits have bought cryptocurrency

  UK financial services regulator says there has been a significant increase in ownership of cryptocurrencies in the UK

• June 30, 2020 30 Jun'20

  BNP Paribas uses biometrics to increase contactless payment limit

  French bank BNP Paribas is enabling customers to make higher value contactless payments through fingerprint-recognition technology

• June 26, 2020 26 Jun'20

  Standard Chartered embarks on virtual internship programme

  Bank offers 300 candidates virtual placements on internship programme

• June 25, 2020 25 Jun'20

  Peer-to-peer lender Zopa gets full banking licence

  Peer-to-peer lending pioneer works towards creating the ‘Netflix of banking’

• June 18, 2020 18 Jun'20

  Nordic business is leading open banking charge in Europe

  Nordic region has the right ingredients to prove open banking can benefit consumers, businesses and the economy