News

IT for financial services

• June 18, 2020 18 Jun'20

  Datacentre investment boost as Norway’s government reinstates tax relief

  Government reinstates datacentre energy tax relief for cryptocurrency mining organisations after investments in the country’s datacentres drops

• June 16, 2020 16 Jun'20

  Danske Bank begins process of creating autonomous development teams

  Danish bank begins the process of changing how thousands of its staff work as it attempts to be more responsive to digital demand

• June 15, 2020 15 Jun'20

  Banking trojans roar back to prominence in May

  Check Point sees an upswing in malicious activity around a number of classic banking trojan malware variants

• June 15, 2020 15 Jun'20

  NatWest develops behavioural biometrics as additional authentication

  Bank is working with Visa to develop behavioural biometrics technology as an extra layer of invisible authentication

• June 12, 2020 12 Jun'20

  Brits get used to life without cash

  British people are getting used to life without cash, as the Covid-19 lockdown forces the adoption of digital payments

• June 12, 2020 12 Jun'20

  Santander to recruit 3,000 more IT staff

  Spanish bank to recruit a further 3,000 tech staff globally to accelerate its digital transformation

• June 12, 2020 12 Jun'20

  Fake contact-tracing apps delivering banking trojans

  Spoof government coronavirus apps are popping up all over the world, says the Anomali Threat Research team

• June 11, 2020 11 Jun'20

  Tech firms respond to Nordic government calls

  Nordic firms are working with tech suppliers to help them get back up and running after Covid-19

• June 10, 2020 10 Jun'20

  Coronavirus: Danske Bank to make permanent changes to working practices

  Danske Bank has seen the value of remote working during the unplanned proof of concept triggered by the Covid-19 pandemic

• June 10, 2020 10 Jun'20

  CaixaBank introduces facial recognition ATMs

  Spanish bank broadens its use of facial recognition technology on cash machines

• June 09, 2020 09 Jun'20

  Bankers say artificial intelligence will separate winners and losers

  The application of artificial intelligence at banks will be the difference between the ones that succeed and the ones that fail in the coming years

• June 05, 2020 05 Jun'20

  Businesses develop apps quickly to manage disruption of Covid-19

  Healthcare companies, insurers, government agencies and big tech companies have used technology from Pegasystems to develop apps to manage the disruption caused by coronavirus

• June 05, 2020 05 Jun'20

  Coronavirus: Digital bank Monzo cuts 120 staff

  Digital challenger Monzo has announced 120 job cuts as it navigates the current economic slowdown

• June 05, 2020 05 Jun'20

  CaixiaBank gets ready to modernise IT using IBM Cloud Pak

  Spanish bank extends IBM relationship with the roll-out of Cloud Pak to modernise IT, which it says will allow it to innovate in quantum computing and blockchain

• June 05, 2020 05 Jun'20

  London Tech Week to go ahead through Zoom

  London Tech week will go ahead next week, with the tech industry attending through Zoom

• June 04, 2020 04 Jun'20

  Dutch organisations invest heavily in compliance – but in vain

  Despite the fact that companies in the Netherlands have invested heavily to comply with GDPR legislation introduced two years ago, 90% of them are still discovering fundamental weaknesses in their IT environment

• June 01, 2020 01 Jun'20

  Employees must be consulted on technologies monitoring the return to work

  Experts say the workforce must be ‘in the room’ and given a meaningful say about technologies introduced to monitor their return to work following the Covid-19 pandemic

• June 01, 2020 01 Jun'20

  HSBC platform uses AI to analyse trading data thousands of times faster

  HSBC is offering its US share trading customers artificial intelligence-powered insights into public information about listed companies

• June 01, 2020 01 Jun'20

  How Saudi Arabia is using cloud to navigate the Covid-19 downturn

  Organisations in Saudi Arabia are using cloud computing services to help them navigate challenges caused by the coronavirus pandemic

• May 29, 2020 29 May'20

  UK fintech investment reaches record high

  Huge increases in UK fintech investment over the past three years has seen the sector explode, but most of the activity is still concentrated in London

• May 28, 2020 28 May'20

  TSB Bank digitises banking forms in response to coronavirus lockdown

  As part of its 2022 digital strategy, TSB has begun rolling out electronic forms designed in Adobe XD and processed using Adobe Sign

• May 26, 2020 26 May'20

  One-third of all bank jobs are now tech-related

  The proportion of jobs in banks that are technology-related is growing quickly, accelerated further by the Covid-19 pandemic

• May 21, 2020 21 May'20

  Coronavirus: Dutch work on XR technology shows promise in pandemic scenario

  Netherlands leads the way in the development of extended reality technology, which could prove its value in a crisis such as Covid-19

• May 20, 2020 20 May'20

  Coronavirus: Bahrain sees fintech take-up surge amid Covid-19 crisis

  Covid-19 has spurred the use of financial technology in Bahrain, which could boost the industry in the country and wider Gulf region

• May 15, 2020 15 May'20

  Coronavirus: Digital bank’s valuation falls as it seeks funds to ride Covid-19 storm

  Monzo is seeking new investment to help it through the coronavirus pandemic

• May 14, 2020 14 May'20

  Coronavirus: Nearly £2bn of UK fintech investment lost so far

  Investment into UK fintechs falls dramatically during Covid-19 pandemic as venture capitalists hold back

• May 14, 2020 14 May'20

  Deutsche Bank’s planned tech spend unaffected by global crisis

  Deutsche bank is driving on with its ambitious IT investment plans, with the Covid-19 pandemic, if anything, adding fuel to it

• May 13, 2020 13 May'20

  Google-powered algorithm set to modernise insurance brokering

  Algorithm, developed in conjunction with UCL, drives a Lloyd’s of London syndicate electronically

• May 12, 2020 12 May'20

  Coronavirus: Nationwide’s human expertise used to quickly build smart agent amid pandemic

  Nationwide Building Society is the latest financial services company to quickly automate customer services related to Covid-19

• May 12, 2020 12 May'20

  Banks failing to protect customers from coronavirus fraud

  Just 13 of the 64 banks accredited for the government’s Coronavirus Business Interruption Loan Scheme have implemented Dmarc protection

• May 06, 2020 06 May'20

  CIO interview: Andrew Lennon, CIO, Barings, on Covid-19, data science and mergers

  Forget rogue traders, Barings is still going strong, and the investment bank's CIO is leading the way with data science and other enabling technologies

• May 06, 2020 06 May'20

  Cash use to go below 5% of total spending in Middle East

  Banks expect a rapid reduction of the use of cash in the region

• May 06, 2020 06 May'20

  End-users failing to protect themselves online

  Remote workers and stuck-at-home consumers are taking silly risks with their security during the coronavirus pandemic, according to a report

• May 05, 2020 05 May'20

  Coronavirus: TSB develops smart agent to help staff during pandemic

  TSB took just five days to design and implement a smart digital agent to answer customer questions during the Covid-19 pandemic

• May 04, 2020 04 May'20

  Coronavirus: UK finance regulator gives more time for payment security compliance

  Financial Conduct Authority has extended the deadline for payment processors to meet payment security standard

• May 04, 2020 04 May'20

  NatWest Bank shutters its app based bank after five months

  NatWest is closing its consumer-facing, app-based bank and increasing its focus on mobile business bank Mettle

• May 01, 2020 01 May'20

  No going back to packed workplaces after Covid-19

  A recent project by IT service providers outlines how, in a post-coronavirus world, businesses like Barclays Bank will reduce their reliance on skyscrapers packed with people

• April 30, 2020 30 Apr'20

  Mobile banking customers at risk from new EventBot trojan

  Customers of Barclays, HSBC, Santander and many other banks should be alert to a dangerous new trojan

• April 29, 2020 29 Apr'20

  Coronavirus: Cash use plummets during UK lockdown

  Consumers are switching to digital payment methods amid the current global pandemic crisis

• April 29, 2020 29 Apr'20

  Coronavirus: Call for extension to European payment security standard deadline

  Payment processors across Europe want more time to meet the SCA payment security standard

• April 28, 2020 28 Apr'20

  Covid-19 will decimate fintechs, but those that survive will prosper

  The coronavirus will wipe out some fintechs, but those that get through it will share in the next growth phase of the industry's development

• April 24, 2020 24 Apr'20

  How likely are IT service providers to offer discounts in an unprecedented global recession?

  As the global economy slows, businesses are trying to cut costs, with IT services one of the first stops – but what are the chances of a happy outcome?

• April 23, 2020 23 Apr'20

  Ransomware-stricken Travelex up for sale

  Travelex’s parent Finablr is washing its hands of the ransomware-stricken forex provider as it struggles with the twin shocks of the Covid-19 pandemic and a developing fraud scandal

• April 23, 2020 23 Apr'20

  Nasdaq gives customers real-time data through cloud platform

  US stock exchange uses public cloud and APIs to provide investment companies with real-time data on trading activity

• April 22, 2020 22 Apr'20

  Coronavirus: Banking and mobile sectors collaborate to stop text scams

  Initiative aims to protect 50 genuine brands and government organisations from being impersonated by cyber criminals

• April 22, 2020 22 Apr'20

  Traditional banks need to do more than gloss over back-end systems with fintech paint

  Banks need to work with fintechs if they are to prosper in the new world, but first they must update their back-end systems

• April 20, 2020 20 Apr'20

  Dutch organisations address business email compromise fraud

  Public-private partnership in the Netherlands works to break the chains used by fraudsters to carry out BEC attacks

• April 20, 2020 20 Apr'20

  CaixaBank uses hybrid of conventional and quantum computers to classify risk

  Spain's CaixaBank is using quantum computers as part of a project to assess risk using machine learning algorithms

• April 16, 2020 16 Apr'20

  Coronavirus: Cyber attacks on banks seen spiking, says Carbon Black

  VMware’s Carbon Black observes a spike in cyber attacks on financial services organisations

• April 15, 2020 15 Apr'20

  Coronavirus: Lloyds Bank to give thousands of tablet devices to over-70s

  Banking group is giving away tablets and basic digital training to help vulnerable customers stay connected during the UK’s Covid-19 lockdown