News

IT for financial services

• January 16, 2020 16 Jan'20

  Lloyds Banking Group to create digital workplace with Microsoft

  Bank is transforming how its staff work as part of a multibillion-pound digital transformation

• January 15, 2020 15 Jan'20

  TSB signs up IBM Services and announces Edinburgh tech hub

  TSB has contracted IBM to provide hybrid cloud services as part of its £120m digital transformation plans, which will see more tech jobs in Scotland

• January 15, 2020 15 Jan'20

  Travelex warns customers to be alert to phone scams

  Under-fire forex provider warns that criminals may try to take advantage of its predicament to scam customers

• January 15, 2020 15 Jan'20

  Gates Foundation mobile money projects in developing world to go live this year

  Mobile money projects aim to give millions of the world’s poorest people access to financial services

• January 15, 2020 15 Jan'20

  Government distances itself from Post Office decisions in Horizon IT litigation

  Department for Business, Energy & Industrial Strategy says it did not make decisions in the Post Office’s recent court battle

• January 15, 2020 15 Jan'20

  Royal Bank of Canada gives Mencap a ‘leg-up’ in automating processes

  UK charity gets help from Canadian bank in a collaboration aimed at creating a robotic workforce

• January 13, 2020 13 Jan'20

  Travelex to begin restoring foreign exchange services two weeks after ‘Sodinokibi’ attack

  Travelex says it is making “good progress” in its recovery and is to begin restoring electronic foreign exchange services, but is silent about whether it has agreed to pay hackers a $6m ransom to decrypt computer files

• January 09, 2020 09 Jan'20

  Travelex hackers threaten to sell credit card data on dark web

  Sodinokibi cyber gangsters have threatened to sell Travelex customers’ private data on a Russian underground cyber crime forum if it fails to pay a $6m ransom

• January 09, 2020 09 Jan'20

  Don’t become the next Travelex: Get ready for ransomware

  With Travelex’s IT still in disarray and banks and travellers left without access to funds more than a week after it was hit by a ransomware attack, we ask what others can learn from the foreign exchange services company’s response to the incident

• January 09, 2020 09 Jan'20

  PowerTrick backdoor used to target high-value businesses

  Threat actors are exploiting a PowerShell-based backdoor called PowerTrick to go after high-value targets, warns SentinelLabs

• January 09, 2020 09 Jan'20

  Can fintech succeed where schools and parents have failed?

  Young people in Britain are unprepared to manage their finances when they leave home and, as a result, many run into serious problems

• January 06, 2020 06 Jan'20

  Cyber gangsters demand payment from Travelex after ‘Sodinokibi’ attack

  Cyber criminals are demanding payment to decrypt Travelex’s computer files after a devastating malware attack. New questions have been raised about the security of Travelex’s computer network after it emerged the company waited eight months to patch...

• January 03, 2020 03 Jan'20

  Suspected ransomware attack causes worldwide disruption for Travelex

  Travelex switches off computer systems and resorts to cash-only currency sales after malware attack. Insiders claim the currency exchange chain has been hit by ransomware which has left critical files containing customer data encrypted

• December 30, 2019 30 Dec'19

  Top 10 enterprise IT in the Benelux region stories of 2019

  Here are Computer Weekly’s top enterprise IT stories from the Benelux region over the past year

• December 27, 2019 27 Dec'19

  Top 10 financial services IT stories of 2019

  Here are Computer Weekly’s top 10 financial services and fintech stories of 2019

• December 24, 2019 24 Dec'19

  Top 10 enterprise IT in the Middle East stories of 2019

  Here are Computer Weekly’s top 10 enterprise IT in the Middle East stories of 2019

• December 23, 2019 23 Dec'19

  Top 10 enterprise IT in the Nordics stories of 2019

  Here are Computer Weekly’s top 10 Nordic enterprise IT stories of 2019

• December 20, 2019 20 Dec'19

  Has Y2K windowing been addressed by banks or is Y2.02K a risk?

  Big banks that haven't replaced legacy systems or fixed temporary windowing solutions to Y2K could have problems at the beginning of 2020

• December 18, 2019 18 Dec'19

  How Saudi Arabia plans to become the Silicon Valley of the Middle East

  With its young and educated population, Saudi Arabia has the potential to become a hub for tech innovation

• December 11, 2019 11 Dec'19

  Lloyd's of London secures £300m for digital transformation

  Lloyd's of London has secured funding for a modernisation programme that will start next year

• December 11, 2019 11 Dec'19

  How can CIOs in Europe turn innovation into a competitive advantage?

  CIOs across Europe are under pressure to innovate to help businesses grow and must think differently as a result

• December 09, 2019 09 Dec'19

  Cloud computing surges in the UAE in 2019

  Cloud computing take-up saw a significant acceleration in the Middle East throughout this year

• December 06, 2019 06 Dec'19

  Barclays opens large tech operation in India, hiring thousands

  Barclays opens tech centre in Pune as part of its global delivery network

• December 06, 2019 06 Dec'19

  Dutch government must facilitate and coordinate a broad eID system

  The Dutch government should push for an electronic ID system for its citizens that works across the public and private sectors, according to a report

• December 05, 2019 05 Dec'19

  Two Russians indicted over Dridex and Zeus malware

  The US Department of Justice has indicted two Russian citizens over their alleged role in the distribution of the virulent Bugat, or Dridex, and Zeus banking trojans

• December 05, 2019 05 Dec'19

  UK financial services regulators tell banks to own their IT disasters

  Financial services regulators propose tighter rules for firms to reduce the adverse effects of operational problems, such as IT outages

• December 05, 2019 05 Dec'19

  Cyber Girls First volunteers encourage girls to think high-tech

  More than 80 schoolgirls spent a day learning about computer hackers and rocket science – Cyber Girls First hopes they will become the next generation of technologists

• December 03, 2019 03 Dec'19

  Survey finds most firms don’t respond to GDPR requests in time

  Most organisations do not respond to requests for GDPR data in the one month allowed, while many return incorrect data. The education sector does best, but the public sector lags behind

• December 03, 2019 03 Dec'19

  Insurtechs help traditional players differentiate

  Traditional insurers are harnessing the agile development techniques of the tech startup community through partnerships with insurtechs

• December 03, 2019 03 Dec'19

  Klarna uses AWS cloud as it moves from startup to global fintech force

  Swedish fintech cements its relationship with Amazon Web Services to speed up product development and support its global expansion

• December 02, 2019 02 Dec'19

  Private sector warned off delaying IR35 reform prep as Conservative Party promises review

  The Conservative Party has followed in the footsteps of the Liberal Democrats, The Labour Party and the Scottish National Party by committing to a review of the IR35 reforms

• December 02, 2019 02 Dec'19

  Goldman Sachs reins in cloud-based retail challenger in UK

  Bank does not want rapidly expanding Marcus to breach deposits threshold at which UK banks have to ring-fence their retail operations

• November 28, 2019 28 Nov'19

  TSB neglected to assess capabilities of main IT provider in its failed system migration

  TSB failed to properly assess and manage the internal service provider that lead its botched IT migration

• November 28, 2019 28 Nov'19

  NatWest digital bank goes live

  NatWest has announced the availability of its standalone digital challenger bank, known as Bó

• November 28, 2019 28 Nov'19

  Finnish tech firm aims to create scalable general-purpose quantum computer

  University spin-off is attempting to take quantum computing capabilities to multiple business sectors

• November 27, 2019 27 Nov'19

  Finland’s OP Financial Group accelerates open banking push

  Finnish banking group is working with a Danish fintech to add open banking functionality to its offerings

• November 26, 2019 26 Nov'19

  Revamped HMRC IR35 status checker tool still lacks key functionality, contractor groups claim

  HMRC releases an updated version of its IR35 tax status checker tool, CEST, to accommodate the onset of the tax avoidance reforms being rolled out to the private sector, but contracting stakeholders claim it still lacks basic functionality

• November 25, 2019 25 Nov'19

  Nationwide building society opens up systems through mortgage API

  Nationwide Building Society is trialling an application programming interface that will enable its mortgage brokers to link directly to some of its systems

• November 22, 2019 22 Nov'19

  TSB tech woes continue with overnight systems failure

  TSB customers have experienced problems receiving money into their accounts due to an IT error, just days after the bank was slammed in a report on its IT problems last year

• November 22, 2019 22 Nov'19

  Some 29,000 UK web domains suspended for criminal activity

  Domain suspensions for criminal activity over the past year has dropped for the first time since 2014

• November 21, 2019 21 Nov'19

  Labour pledges review of NCSC in UK security overhaul

  The UK's National Cyber Security Centre may get expanded powers under a Labour government

• November 21, 2019 21 Nov'19

  HSBC builds API digital platform with MuleSoft to forward open banking

  At Dreamforce 2019, HSBC announced the building of a digital platform with Salesforce MuleSoft to forward open banking opportunities

• November 21, 2019 21 Nov'19

  Western Union transfers to AWS cloud

  Western Union is the latest financial services form to set out a future in the Amazon Web Services cloud

• November 20, 2019 20 Nov'19

  Mimecast blocked 99 billion suspicious emails in third quarter

  Latest threat intelligence report reveals the scale of the threat posed by malicious emails, with the transport, legal and financial sectors hit hardest

• November 20, 2019 20 Nov'19

  Massive increase in fraud attacks on TSB customers during IT meltdown

  There was a massive spike in attempts by fraudsters to steal from TSB customers when the bank’s IT systems failed in 2018

• November 20, 2019 20 Nov'19

  Holy grail of digital banking is, at first glance, a new channel, not a new concept

  Details of Google’s plans in the financial services sector have emerged with nothing groundbreaking so far, but the sector is guessing what comes next

• November 19, 2019 19 Nov'19

  Macy’s Magecart breach presages Christmas fraud spike

  US retailer Macy’s admits some customer data was accessed by unknown actors during a week-long Magecart attack

• November 19, 2019 19 Nov'19

  TSB programme pulled apart in report on IT meltdown

  City law firm tears into TSB’s management of botched core banking platform migration

• November 17, 2019 17 Nov'19

  Australian bourse to overhaul technology infrastructure

  The Australian Securities Exchange is embracing digital ledger technology, microservices and DevOps to modernise its core systems

• November 15, 2019 15 Nov'19

  Loan charge under review: The 20-year retroactive tax policy pushing IT contractors to the brink

  Thousands of IT contractors are at risk of financial ruin as HMRC pursues them for tax it claims they owe on work they did up to two decades ago and were reimbursed for via loan remuneration schemes. Computer Weekly investigates