News

IT for financial services

• July 25, 2019 25 Jul'19

  Surge in UK businesses switching bank account providers

  The UK system that makes it easy to change bank account has seen a surge in businesses taking up the service

• July 24, 2019 24 Jul'19

  Santander brings global digital services under one roof

  Spanish banking giant Santander Group is creating a global digital unit as part of its transformation plans

• July 24, 2019 24 Jul'19

  Smart technology will transform Dutch neighbourhood

  A programme in the Netherlands is creating a smart neighbourhood as a pilot for how people could live in the future

• July 22, 2019 22 Jul'19

  Morgan Stanley uses Box to power new Digital Vault

  Bank has integrated the Box collaboration platform to provide a new, secure document-sharing service for its customers

• July 22, 2019 22 Jul'19

  Latest investments in Atom Bank will support cloud platform project

  Bank has raised £50m more finance, which will contribute to funding its project to migrate to the cloud

• July 17, 2019 17 Jul'19

  Most security pros still concerned about public cloud security

  Despite accelerated adoption of public cloud services by companies keen to benefit from increased efficiency, scalability and agility, most security professionals have reservations

• July 17, 2019 17 Jul'19

  Facebook accused of ‘breathtaking arrogance’ over Libra cryptocurrency plan

  US senators grill Facebook’s David Marcus over social media giant’s plans to launch cryptocurrency

• July 17, 2019 17 Jul'19

  Deutsche Bank’s public contraction is a major landmark for fintech

  German bank is cutting costs overall but is investing more in the latest digital technology as fintechs chip away at banking business

• July 16, 2019 16 Jul'19

  Manchester Metrolink gets contactless payments technology

  Travellers using Manchester’s trams can now complete their journeys using contactless payment

• July 15, 2019 15 Jul'19

  Organisations turn to AI in race against cyber attackers

  Businesses are racing to automate their defences as hackers and nation states launch increasingly sophisticated cyber attacks

• July 12, 2019 12 Jul'19

  SD-WAN in play: How software-defined solves core business challenges

  For foodservice business HMSHost International and chemical products firm Element Solutions, both customers of networking supplier Aryaka, software-defined wide area networking technology is proving its mettle when it comes to solving core business ...

• July 12, 2019 12 Jul'19

  Blockchain.com banks on Google cloud to support growth of cryptocurrency management platform

  Blockchain.com reveals details of how it is ramping up its use of the Google Cloud Platform as the range of cryptocurrencies it supports grows, along with the size of its user base

• July 12, 2019 12 Jul'19

  Sweden’s SEB bank uses mob programming across business

  Hack day sees 70 developers successfully demonstrate mob programming method that banking group is now using to develop applications in an agile way

• July 11, 2019 11 Jul'19

  Zopa gets in-house tech ready for 2019 bank launch

  Peer-to-peer lender tests out banking platforms in anticipation of launching products in the UK before the end of this year

• July 11, 2019 11 Jul'19

  Dutch privacy watchdog tells banks not to use customer payment data for marketing

  Autoriteit Persoonsgegevens tells banks to respect client privacy and not to market products based on spending data

• July 09, 2019 09 Jul'19

  Deutsche Bank cuts jobs but increases tech spend

  Deutsche Bank is making swingeing cuts to its workforce over the next two and a half years and has pinned its hopes on the latest technology to make it possible.

• July 05, 2019 05 Jul'19

  Challenger bank shuts up shop in UK amid uncertainty

  Digital bank Fidor is ending its time in the UK, blaming uncertainties in the market

• July 04, 2019 04 Jul'19

  Nordic payments tie-up as Nets and Swish collaborate

  Payments provider and app developer work together to test out mobile phone-based in-store payments system

• July 04, 2019 04 Jul'19

  Implementing IoT – overcoming barriers to commercial adoption

  Tim Wright from the Institute of Telecoms Professionals reports from a recent seminar exploring questions around the barriers to commercial, at-scale adoption of the internet of things, and how to overcome them

• July 03, 2019 03 Jul'19

  Why PSD2 adoption in the Netherlands is lagging behind

  The Netherlands appears to be falling behind in open banking, even though the Dutch are digitally proficient and are often early adopters of new technology. What is going on?

• July 02, 2019 02 Jul'19

  CPS faces legal ruling over refusal to disclose emails with US on WikiLeaks and Assange extradition

  A court will decide whether the Crown Prosecution Service can refuse to neither confirm nor deny the existence of correspondence with US on investigations into Julian Assange and WikiLeaks

• July 02, 2019 02 Jul'19

  Few UK firms are cyber insured despite financial losses

  More than one-fifth of UK firms have been impacted financially by cyber attacks, yet potentially more than three-quarters of companies polled have never been insured for cyber-related losses

• July 01, 2019 01 Jul'19

  Huge jump in cyber incidents reported by finance sector

  The number of cyber incidents reported by financial services firms increased nearly 12-fold in 2018 from 2017, mainly due to third-party failures, highlighting several key areas that need improvement

• July 01, 2019 01 Jul'19

  The Great Eastern way to digital transformation

  Regional insurance company Great Eastern has rolled out a new digital platform to better serve customers while morphing its DNA from the inside out

• June 28, 2019 28 Jun'19

  Visa modernises B2B global payments through open source blockchain

  Visa is modernising cross-border business-to-business payments, with blockchain used to connect participating corporate

• June 28, 2019 28 Jun'19

  TIN coalition calls for industry action against cyber fraud

  An industry group aimed at improving cyber security by tackling enduring challenges has called for collaboration in the fight against cyber fraud

• June 28, 2019 28 Jun'19

  Interview: Yasmeen Al Sharaf, head of fintech and innovation unit, Central Bank of Bahrain

  Yasmeen Al Sharaf heads up financial technology strategy at Bahrain’s central bank, which is on a mission to grow and diversify the sector in the Middle East island state

• June 27, 2019 27 Jun'19

  Dutch bank and researchers begin defence against quantum computing’s dark side

  ABN Amro is working with QuTech to ensure that banks can protect data against quantum computers in the future

• June 26, 2019 26 Jun'19

  Commercial interests put customer security at risk, survey shows

  Firms are bypassing security to push products and services into the market, increasing security risks for the organisation and its customers, a poll of information security professionals shows

• June 26, 2019 26 Jun'19

  Open banking could generate £18bn in value for UK SMEs and citizens

  Consumers and SMEs could generate billions of pounds in value if open banking adoption reaches its potential

• June 26, 2019 26 Jun'19

  Wider threat campaign behind Wipro breach

  A sophisticated, far-ranging threat campaign was behind the breach at Indian IT services firm Wipro in April, which was not an isolated incident, RiskIQ report reveals

• June 26, 2019 26 Jun'19

  Nordic public dispels fears over AI and welcomes its advance

  People in the Nordic countries are more welcoming and less fearful of the advance of artificial intelligence than those in other regions

• June 26, 2019 26 Jun'19

  Six arrested over €24m cryptocurrency theft

  Police have arrested six people in the UK and the Netherlands in connection with the theft of cryptocurrency worth €24m

• June 25, 2019 25 Jun'19

  Half of Dutch IT decision-makers can’t explain blockchain technology

  IT decision-makers in the Netherlands know that blockchain has significant benefits, but half don’t understand how to apply it

• June 25, 2019 25 Jun'19

  Three Finnish banks, one core IT platform

  Can a shared core IT platform enable three Finnish banks to become more efficient yet maintain individual competitiveness?

• June 25, 2019 25 Jun'19

  Saudi banks trial blockchain-based identity technology at ATMs

  Biometric and blockchain technologies are being used in tandem to provide ID verification at Saudi Arabian cash machines

• June 25, 2019 25 Jun'19

  UK firms downloading vulnerable open source software

  Vulnerable open source software components are posing a security threat to UK firms, according to a report that also shows how best practice, including automation, can reduce the risk

• June 21, 2019 21 Jun'19

  Nominations open for UK’s security unsung heroes

  The Security Serious cyber awareness campaign has opened nominations for the fourth annual cyber security Unsung Heroes awards

• June 19, 2019 19 Jun'19

  Lloyds Bank uses community effort to push out DevOps

  The developers and IT operations teams were once separate. Now they are one. The challenge is getting this to scale across the business

• June 19, 2019 19 Jun'19

  Looming private sector IR35 reforms prompts calls for gig economy-focused tax system overhaul

  The growth of the gig-based economy has exposed weaknesses in the UK tax system – exacerbated by the IR35 reforms – that mean an overhaul is needed, panel claims

• June 19, 2019 19 Jun'19

  Luxembourg tech startups get premium connections

  Luxembourg is at the centre of a continent with ambitious plans to develop a thriving tech industry, but what makes it different?

• June 18, 2019 18 Jun'19

  Facebook announces global digital currency Libra

  Facebook is launching digital coin to open up affordable financial services to the world

• June 18, 2019 18 Jun'19

  Openreach trials will speed up broadband upgrade

  Tests to focus on process of migrating households and businesses to fibre to the premise and voice over IP

• June 17, 2019 17 Jun'19

  DevSecOps is key to uniting opposing forces

  Unifying DevOps and security teams with the aid of automation will bring harmony and added business benefits, says systems engineer

• June 17, 2019 17 Jun'19

  HMRC urged to delay April 2020 extension of IR35 rules to private sector by 'at least' 12 months

  An analysis of the responses HMRC has reportedly received to its consultation on extending the IR35 tax avoidance reforms to the private sector suggests the tax agency is coming under pressure to put its plans on hold for at least 12 months

• June 13, 2019 13 Jun'19

  AI-enabled cyber attacks a reality soon, warns Mikko Hypponen

  Technology continues to shape human conflict and artificial intelligence will be no exception, so business needs to up its ability to detect attacks and respond, says security expert

• June 12, 2019 12 Jun'19

  From oil crash to tech startup boom in Norway

  For countries highly dependent on oil, the global price crash had huge potential ramifications – one of which, in Norway, was the development of a thriving technology sector

• June 11, 2019 11 Jun'19

  Most code-signing processes insecure, study shows

  The majority of organisations are failing to enforce security for code-signing processes, providing opportunities for cyber criminals, a survey reveals

• June 11, 2019 11 Jun'19

  Implementing Dmarc a top priority for UK

  Basic email security should be a top priority for UK firms, followed by reducing third-party web exposure and monitoring data flows leaving the enterprise, a Rapid7 study reveals

• June 10, 2019 10 Jun'19

  TSB makes key appointment in IT restructure

  Mark Curran moves from CYBG to head up reorganisation that will see control of TSB’s IT transferred to an internal team from parent company’s tech subsidiary