News

IT for financial services

• November 14, 2019 14 Nov'19

  Cyber criminals tool up for Christmas fraud season

  Organised criminals are trying to cash in on the festive retail boom with both brand new and tried-and-tested techniques

• November 13, 2019 13 Nov'19

  Google to launch bank accounts in 2020

  Google is launching bank accounts in the US in 2020 as tech giants continue to deepen their activities in the financial services sector

• November 12, 2019 12 Nov'19

  PCI DSS payment security compliance drops again

  Worldwide, barely one-third of companies are maintaining full compliance with the PCI DSS security standard – and the numbers are falling

• November 11, 2019 11 Nov'19

  Major report on TSB IT disaster expected soon

  A damning report into the 2018 IT disaster at TSB is expected to heavily criticise executives when it is published in November

• November 11, 2019 11 Nov'19

  Goldman Sachs probed over alleged Apple Card gender discrimination

  US financial services regulator is investigating allegations that Goldman Sachs’ credit decisions for its Apple Card offering show gender bias

• November 08, 2019 08 Nov'19

  GoCardless and TransferWise create global network for direct debits

  Fintechs’ network will make it easier for small companies to expand their customer bases internationally

• November 07, 2019 07 Nov'19

  Zopa opens testing for its banking products to customers

  Zopa's move into the banking sector is gathering pace as customers test out its savings product

• November 07, 2019 07 Nov'19

  Co-operative Bank extends mortgage service deal with Capita

  Co-operative bank has extended a contract to outsource its mortgage platform in a deal with Capita

• November 07, 2019 07 Nov'19

  Abu Dhabi AI university is key to UAE’s future as the oil dries up

  Abu Dhabi’s fledgling artificial intelligence university is part of a highly ambitious 30-year plan to transform the UAE’s economy and culture

• November 05, 2019 05 Nov'19

  Cloud native core banking enables consumers to personalise what they buy

  Google inspired core banking platform could help banks offer personalised products to millions of people.

• November 05, 2019 05 Nov'19

  Nordic private equity groups drive paytech investments as global actors hover

  Private equity companies in the Nordic region are stepping up M&A activity as international tech firms eye acquisitions in the region

• November 05, 2019 05 Nov'19

  Goldman Sachs lends billions of dollars through Apple partnership

  Apple Card issuing bank Goldman Sachs has already given billions of dollars in credit to iPhone users since Apple's credit card was launched

• November 04, 2019 04 Nov'19

  Brits moving to digital banking channel faster than people in the US

  Digital banking services rapidly gain popularity, but digital banks face major challenges to make deeper inroads into traditional banks’ customer bases

• November 01, 2019 01 Nov'19

  Banks let customers down with mixed approaches to security

  Treasury Committee report recommends new measures to tackle financial fraud

• November 01, 2019 01 Nov'19

  Nordea brings fintech for women by women

  Bank’s female-only hackathon comes up with new ideas for financial services aimed at improving women’s financial wellbeing

• October 29, 2019 29 Oct'19

  Reykjavik: An IT ecosystem beyond the ice

  Iceland is a small island between Europe and the US, and that is one of several reasons why it is attracting tech startups to its capital

• October 28, 2019 28 Oct'19

  Stronger regulations needed to fix banking IT problems, say MPs

  Regulators need to use more potent tools to get banks to sort out problems with their IT systems, as customers become more reliant on digital channels

• October 28, 2019 28 Oct'19

  P27 pan-Nordic payments system moves a step closer

  Six regional banks sign shareholders’ agreements, agree business plan and make financial commitments to payments platform

• October 25, 2019 25 Oct'19

  Refinitiv appoints first female CTO after IT leadership shake-up

  Alex Cesar steps up to be chief technology officer at financial service data provider Refinitiv, after previous CTO Phil Wellard took over as global CIO in September

• October 22, 2019 22 Oct'19

  Banks move to contain impact of Samsung biometric flaw

  NatWest and Nationwide have moved to lock down their mobile banking apps after Samsung warned of a biometric security flaw on its Galaxy and Note S10 devices

• October 21, 2019 21 Oct'19

  Equifax lawsuit offers more evidence against passwords

  Equifax’s internal security policies were a mess and directly led to one of the largest recorded data breaches in history, according to a lawsuit, demonstrating fundamental insecurities inherent in the use of passwords

• October 18, 2019 18 Oct'19

  Two-thirds of UK financial services firms are using machine learning

  The use of machine learning in the finance sector is set to increase as obstacles to its take up are not seen as being insurmountable

• October 18, 2019 18 Oct'19

  Huge rise in rogue banking apps driving fraud attacks

  Fraud perpetrated through fake mobile apps purporting to be from legitimate banks has seen a statistically significant spike, says RSA

• October 17, 2019 17 Oct'19

  Barclays demonstrates proof-of-concept quantum clearing algorithm

  Barclays and IBM researchers publish paper on a quantum computing algorithm for securities transaction trading

• October 17, 2019 17 Oct'19

  IR35 private sector preparation: What the banks’ take on the reforms means for IT contractors

  With six months until IR35 tax avoidance reforms are extended to the private sector, a number of financial services firms are thinning out their contractor workforce – is that the way to ensure compliance?

• October 16, 2019 16 Oct'19

  Zopa continues in its mission to apply a Netflix user experience to banking

  Zopa has made a credit scoring tool available as it continues to expand the portfolio of products it offers beyond loans.

• October 14, 2019 14 Oct'19

  Digital and innovation apprentices to start NatWest programme

  NatWest is kicking off a tech apprentice programme, with its digital innovation hub set to play a key role

• October 14, 2019 14 Oct'19

  French and German banks end talks on challenger bank sale

  After months of negotiations, BPCE's proposed sale of Fidor Bank to OLB has fallen through

• October 11, 2019 11 Oct'19

  Why would a bank that made billions of pounds’ profit cut thousands of staff?

  HSBC is the latest bank to make thousands of staff cuts as even profitable businesses need to reshape themselves for the challenges that digital transformation brings

• October 10, 2019 10 Oct'19

  GoCardless gives 95% of its staff business intelligence at their fingertips

  Fintech payments company GoCardless is enabling staff to carry out business intelligence queries themselves

• October 08, 2019 08 Oct'19

  Sweden’s SEB explores core banking in the cloud

  Swedish Bank is the latest organisation to agree to start using a Google-inspired, cloud-native core banking platform

• October 08, 2019 08 Oct'19

  Deutsche Bank to set up innovation division to drive digital transformation

  More details about Deutsche Bank’s new technology division in internal company email

• October 07, 2019 07 Oct'19

  UKtech50 2019 – help us find the most influential people in UK technology

  Computer Weekly’s annual search for the 50 most influential people in UK technology reaches its 10th anniversary – let us know who you would like to nominate for this year’s list

• October 03, 2019 03 Oct'19

  NatWest bank uses artificial intelligence to predict the future

  NatWest is using artificial intelligence to help it paint a more accurate picture of future trends

• October 03, 2019 03 Oct'19

  IR35 reforms: Lloyds Bank contractors to get deadline on future employment status

  Lloyds Banking Group is the latest large firm set to end engagement of IT contractors through personal service companies due to impending IR35 tax reforms

• October 01, 2019 01 Oct'19

  IR35 reforms will prompt Barclays to re-engage contractors on PAYE terms, 'leaked email' suggests

  Barclays is understood to have notified line managers via email on 30 September 2019 of its plans to phase out use of limited company contractors, ahead of the IR35 private sector reforms coming into force in April 2020

• October 01, 2019 01 Oct'19

  Interview: James Smith, director of digital, Nationwide Building Society

  James Smith says heading up the digital unit at Nationwide Building Society is the best job in the business

• September 27, 2019 27 Sep'19

  ABN Amro investigation lends weight to anti-money laundering collaboration by Dutch banks

  Dutch authorities are investigating ABN Amro for possible failures to monitor and report potential money laundering activity

• September 26, 2019 26 Sep'19

  Nordic payment collaboration will ease cross-border payments

  P27 and Mastercard to bring seamless cross-border payments across Norway, Finland, Denmark and Sweden

• September 20, 2019 20 Sep'19

  Enterprises can hire software robots at the push of a button

  IPsoft is beta testing a marketplace where businesses can look at what software robots are available and interview them about their suitability to take roles

• September 19, 2019 19 Sep'19

  CTO interview: Paul Clark, Tandem Bank

  Tandem Bank’s chief technology officer had a close encounter with legacy banking when he left his previous job to pursue a career in fintech

• September 19, 2019 19 Sep'19

  Direct Line built an insurtech it can tweak a thousand times a day

  Insurance group Direct Line has added a new business to its portfolio, designed to let it act as a sandbox for its digital journey

• September 18, 2019 18 Sep'19

  Emotet phishing botnet returns from summer vacation

  The Emotet phishing trojan-turned-botnet is back in action after a three-and-a-half month break, say threat researchers

• September 17, 2019 17 Sep'19

  Travelex launches fintech platform for B2B customers

  Travelex has launched a digital platform that enables businesses to use its services via application programming interfaces

• September 17, 2019 17 Sep'19

  Ecuador citizens’ data breach holds lessons for enterprises

  What caused the mass breach of Ecuadorian citizens’ data, and what can businesses learn from it?

• September 16, 2019 16 Sep'19

  Gartner Catalyst: Prepare for web giants crushing your industry

  Companies like Amazon and Alibaba are taking a bigger chunk of the customer journey, but they are also spreading across industry sectors

• September 13, 2019 13 Sep'19

  Ditch hoodies and hackers to encourage diverse security recruitment

  The cyber security industry needs to address a systemic image problem if it is to succeed in recruiting more diverse teams

• September 13, 2019 13 Sep'19

  When AIs go to war: Autonomous cyber weapons ‘inevitable’

  CISOs must start thinking about how to engage with intelligent, adaptive, non-human attackers, says Trend Micro’s Rik Ferguson

• September 13, 2019 13 Sep'19

  Dutch banks to work together in fight against money laundering

  Dutch banks are sharing expertise and resources to help reduce money laundering through their accounts

• September 13, 2019 13 Sep'19

  Fintech lender increases loan limit as customer demand accelerates

  Small business lender Esme Loans has increased its loan limit to quarter of a million pounds as businesses are drawn to its simple and fast digital platform