News
IT for financial services
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September 13, 2019
13
Sep'19
Industry opposition to no-deal Brexit hardens, says TechUK
A survey of TechUK members has found that 71% believe a no-deal Brexit at the end of October will negatively affect them in spite of their preparations
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September 12, 2019
12
Sep'19
Less than quarter of fintechs prepared for no-deal Brexit
A survey reveals that less than a quarter of UK fintech companies have their businesses prepared for the UK's exit from the EU
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September 12, 2019
12
Sep'19
Mirai descendants dominate IoT threat environment
Attacks leveraging compromised IoT devices are growing in size, scale and frequency, report security experts at F-Secure and Trend Micro, with Mirai-related botnets a major source of trouble
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September 12, 2019
12
Sep'19
Bloomberg will move historic trading data to cloud in support of clients’ machine-learning ambitions
Bloomberg’s CIO for enterprise, Tony McManus, says its clients’ changing attitude to using cloud is changing the way the firm makes its real-time trading data available to the financial services community
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September 11, 2019
11
Sep'19
Fintech Fluidly combines Google’s cloud and AI tech to ease SME cashflow management woes
London-based fintech Fluidly explains how its recent all-in move to the Google Cloud is supporting its continued growth, and delivers new features to customers faster
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September 11, 2019
11
Sep'19
GDPR non-compliance worse than feared
Over half of UK businesses do not yet appear to be fully GDPR-compliant, and many have de-prioritised their compliance efforts
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September 10, 2019
10
Sep'19
Brexit disrupts FCA exploration into data use in wholesale banking
The extra work for banks due to Brexit preparations has caused a delay to FCA work on the use of data in the wholesale banking sector
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September 10, 2019
10
Sep'19
Inside NatWest Ventures
NatWest Ventures is helping NatWest bank to remain relevant to its SME businesses customer community through digital innovation
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September 10, 2019
10
Sep'19
BT gears up to take on rogue drones
BT’s Enterprise unit is offering customers an anti-drone security solution to protect their physical sites from intrusion
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September 09, 2019
09
Sep'19
Social engineering a factor in virtually all cyber attacks, report claims
Almost every single cyber attack will, at some stage, require a human to be tricked into doing something, according to research by Proofpoint
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September 09, 2019
09
Sep'19
Loyal Dutch IT professionals not being rewarded enough, survey shows
Companies warned they could lose loyal IT staff because salary rises do not match those on offer from rival employers
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September 04, 2019
04
Sep'19
Danish MobilePay app moves away from mainframe
Danske Bank’s popular mobile payment app moves from mainframe to open source DataStax Enterprise built on Apache Cassandra
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September 04, 2019
04
Sep'19
Nationwide Building Society harnesses low-code platform
Software development platform makes it quicker to build apps
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September 03, 2019
03
Sep'19
CISOs think cloud safer, but security fears remain
The majority of information security leaders think cloud is now safer than on-premise, but security fears remain, with recently breached and highly regulated organisations most concerned, poll reveals
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September 03, 2019
03
Sep'19
Allied Irish Banks selects cloud platform for digital transformation
Bank is streamlining its operations through a cloud platform from nCino
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September 02, 2019
02
Sep'19
UK organisations join quantum comms pilot
Four UK companies are taking part in a pilot project to build the most secure communication infrastructure in Europe
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September 02, 2019
02
Sep'19
TSB works with Silicon Valley tech firm to help SME customers take card payments
UK bank will offer its small business customers card-processing and point-of-sale technology by partnering with a fintech set up by Twitter CEO
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August 29, 2019
29
Aug'19
UK gets first millionaire ethical hacker
Six months after the first millionaire ethical hacker was announced, five more have been recognised, including a Briton, who have collectively discovered nearly 5,000 vulnerabilities
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August 28, 2019
28
Aug'19
Most UK firms ignore security in tech investments
Less than a quarter of UK firms prioritise security when investing in new technology, despite the threat of cyber attacks and data protection regulations, a survey reveals
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August 28, 2019
28
Aug'19
Ransomware has evolved into a serious enterprise threat
Ransomware has seen a resurgence since the start of 2019, with cyber criminals changing code and tactics to target enterprises and local authorities for higher ransom payments, McAfee researchers warn
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August 27, 2019
27
Aug'19
Employees, MSPs and developers top third-party risks
Employees, managed service providers and developers are the top sources of third-party risks in terms of data security, a survey reveals, highlighting the value of workplace monitoring
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August 23, 2019
23
Aug'19
IR35 reforms: HMRC defends off-payroll rules guidance against "woeful" IPSE jibes
HMRC promises there are more preparatory materials in the pipeline to help the private sector prepare for the April 2020 IR35 rules, after IPSE brands its current guidance "woeful"
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August 22, 2019
22
Aug'19
A helping hand from the Nordics in the eye of the GDPR storm
Nordic IT companies are well suited to supporting enterprises in their data protection projects, even though openness is more natural to them
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August 21, 2019
21
Aug'19
UK banks outage caused by problem at US payment service provider
UK consumers were unable to access some banking services due to a hardware failure at a US payments provider
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August 20, 2019
20
Aug'19
Buyers think SD-WAN is too expensive and complicated
Building and maintaining an SD-WAN is perceived as a complicated endeavour, and the industry’s messages are not getting through, says a new report
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August 20, 2019
20
Aug'19
Restaurant group pays staff almost £1m early through fintech app
Wagestream app enables Casual Dining Group employees to receive salary payments in advance for a small fee
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August 20, 2019
20
Aug'19
Even fintech startups battling to meet cyber security challenges
A study shows that most fintech startups, like most banks, are failing to address vulnerabilities in the web and mobile applications, underlining the scale of the challenge
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August 19, 2019
19
Aug'19
UK financial account takeovers up, report warns
Commercial cyber criminal services are helping to drive up the number of account takeovers, a fraud report for the first half of the year shows
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August 19, 2019
19
Aug'19
First government organisation in Bahrain migrates to Amazon Web Services
Sovereign wealth fund’s internal IT team handled migration process, which has slashed the organisation’s technology operational costs
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August 16, 2019
16
Aug'19
London Stock Exchange glitch delays trading
The London Stock Exchange suffered a 90-minute technical outage which prevented early trading in major stocks
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August 15, 2019
15
Aug'19
European fintech investment continues to grow as global investment falls
European countries are continuing to see significant growth in financial technology investment as total global investment decreases
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August 15, 2019
15
Aug'19
Most UK financial firms hit by cyber attack in the past year
The majority of UK financial companies are failing to prevent cyber security incidents, mainly because of employees failing to follow security policies and a lack of security budget, a survey reveals
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August 14, 2019
14
Aug'19
UK finance regulator gives extra time for companies to meet payment security rules
Financial Conduct Authority gives companies under its watch an extra 18 months to meet an EU payments security standard
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August 13, 2019
13
Aug'19
Breach cost $53m in Q2, says Desjardins
Credit union cooperative Desjardins reveals that a data breach in June cost the company $53m in the second quarter, but that could be just the start, warn industry commentators
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August 09, 2019
09
Aug'19
F-Secure warns of F5 Big IP-related security issue
F-Secure has discovered security issues relating to an F5 device that it says could potentially turn hundreds of thousands of load balancers into beachheads for cyber attacks
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August 08, 2019
08
Aug'19
Ransomware a continued threat to business, report warns
Businesses are increasingly becoming the most popular targets for ransomware, which remains a top cyber threat around the world, especially in the US, a report reveals
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August 07, 2019
07
Aug'19
Shared files in the cloud are a top ransomware target
Vectra 2019 Spotlight report shows recent ransomware attacks cast a wider net to ensnare cloud, datacentre and enterprise infrastructures
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August 06, 2019
06
Aug'19
African bank foils suspected North Korean cyber attack
An African bank is among the financial institutions to be targeted by North Korea’s multi-billion dollar cyber theft campaign to support its weapons programmes
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August 05, 2019
05
Aug'19
CIO interview: Simon McNamara, chief administrative officer, RBS Group
Brought in after a catastrophic IT failure that affected 6.5 million customers, the IT chief at Royal Bank of Scotland Group says the bank is now a leader in innovation
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August 05, 2019
05
Aug'19
Nordic banks move into wearable payment technology
Payment by watch or watch strap is now an option for customers of two banks in Sweden
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August 01, 2019
01
Aug'19
Nationwide plans 750 tech roles at new digital hub in London
Building society is setting up its first major tech presence in London to help it access deep skills pool
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August 01, 2019
01
Aug'19
London Stock Exchange agrees to acquire Refinitiv for £22bn
The London Stock Exchange has agreed to a multi-billion pound takeover of data giant Refinitiv
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July 31, 2019
31
Jul'19
Cisco pays $8.6m after whistleblower discloses security flaws in video surveillance system
James Glenn, a video surveillance expert working for a Cisco reseller in Denmark, alerted Cisco to security faults and stands to gain a share of a multimillion-dollar settlement with the US government
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July 31, 2019
31
Jul'19
Financial services top cyber attack target
Financial services are among the most attractive targets for cyber attackers, security researchers reveal, with phishing and credential stuffing among the top threats
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July 31, 2019
31
Jul'19
Middle East businesses welcome Amazon Web Services region launch
Bahrain AWS region, with three datacentres, links Middle East to AWS's global network and will help to accelerate digital transformation
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July 30, 2019
30
Jul'19
London Stock Exchange eyes £22bn acquisition of Refinitiv to expand data capabilities
The London Stock Exchange is looking at a huge tech acquisition to provide customers access to a wealth of data services built using the latest technologies
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July 30, 2019
30
Jul'19
Former AWS engineer arrested for Capital One data breach
Capital One announces data breach affecting more than 100 million customers as US federal authorities arrest a Seattle woman formerly employed by Amazon Web Services
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July 29, 2019
29
Jul'19
Visa card vulnerabilities enable contactless limit bypass
Security researchers have discovered vulnerabilities on Visa cards that could be exploited to bypass contactless payment limits and result in huge losses
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July 29, 2019
29
Jul'19
TSB takes another £36m hit related to botched IT migration
TSB has been stung for another £36m in costs related to its botched IT migration last year, but managed a profit in its latest six monthly results
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July 29, 2019
29
Jul'19
WannaCry hero Marcus Hutchins spared jail
British security researcher who helped halt the global WannaCry ransomware attack that hit the NHS in 2017 has avoided jail in the US for creating other malware