News

IT for financial services

June 10, 2019 10 Jun'19
Large firms look to zero-trust security to reduce cyber risk

In the face of increasing cyber breach risk as organisations move to hybrid multi-cloud IT environments, just over half of large firms in Europe are planning a zero-trust approach to security
June 07, 2019 07 Jun'19
CIO interview: John Finch, Refinitiv

Refinitiv CIO John Finch says finding people with the right level of data science skills is his biggest challenge
June 06, 2019 06 Jun'19
Firms face targeted bespoke cyber attacks, dark web study reveals

Academic study exposes prolific availability and demand for tailored malware, network access and corporate espionage services, which suggests many firms’ cyber defences are below standard
June 06, 2019 06 Jun'19
Half of CFOs frustrated by complex accounting systems

Chief financial officers need to upgrade to easier-to-use accounting systems, but are strapped for time and lack the resources to make the right choices, according to survey

June 05, 2019 05 Jun'19
CIO interview: Chris Worle, chief digital officer, Hargreaves Lansdown

Former marketing director is defining the newly created CDO role at the financial services firm, and is starting to appreciate the cultural changes involved in digital transformation
June 05, 2019 05 Jun'19
London could be world cyber risk leader, says ex-Lloyd’s chief

Collaboration across the cyber insurance, technology and security organisations in London could make the capital a leading world centre on these topics, says former Lloyd’s of London boss
June 05, 2019 05 Jun'19
Emirates NBD builds bank of future with Amazon Web Services

UAE bank is accessing the latest technology through a close relationship with IT giant Amazon Web Services
June 03, 2019 03 Jun'19
Most of today’s enterprise blockchain platforms will need replacing in two years

Most blockchain platforms currently being used in enterprises will have to be replaced in the next couple of years, says Gartner
June 03, 2019 03 Jun'19
More than half of UK workforce lacks essential digital skills, says Lloyd’s

In the modern world, digital skills are becoming increasingly important, but a large amount of the UK workforce doesn’t measure up, Lloyd’s has found
May 30, 2019 30 May'19
2.3 billion business and consumer data files exposed online

In the year since the GDPR compliance deadline, the number of data files exposed online without adequate protection is up more than 50% due to misconfigured security controls, report reveals

May 28, 2019 28 May'19
Swedes need to keep a week’s cash under the bed

The Swedish population is being advised to keep enough cash at home to last a week in case of problems such as online banking crashes
May 24, 2019 24 May'19
No real change a year into GDPR, says privacy expert

A year after the GDPR compliance deadline, many organisations still have a lot of work to do to make real changes and shift focus away from fines to business value and gain, says PwC’s GDPR and data protection lead
May 23, 2019 23 May'19
Police shut down Bestmixer bitcoin laundering service

The Bestmixer cryptocurrency laundering service has been shut down by Dutch anti-fraud police with support from Europol after a tip off by cyber security researchers at McAfee, significantly disrupting cyber criminal money flows
May 22, 2019 22 May'19
GoCardless migrates to cloud and gets Google engineering capability

Fintech has moved from an IBM infrastructure as a service to Google’s cloud platform
May 22, 2019 22 May'19
Hundreds of European retail banks will disappear as challengers scoop up customers

One in every 10 banks in Europe will no longer exist as digital challengers take customers from them
May 21, 2019 21 May'19
MoneySupermarket.com orchestrates data pipeline with GKE

The price comparison site has used container orchestration to split its machine learning data pipeline into parallel processes
May 21, 2019 21 May'19
UC Expo 2019: Experts talk up future tech in unified communications

Automation and AI are increasingly prevalent in unified comms, but do enterprises really need it?
May 20, 2019 20 May'19
Lloyds Bank creates 500 IT roles in Scotland

New recruits will support banking group’s digital transformation as it aims to give customers “Google-like experiences”
May 20, 2019 20 May'19
Danske Bank launches initiative to help SME customers with cyber security

Danske Bank launches initiative to support the cyber security efforts of its SME customers
May 17, 2019 17 May'19
École Hôtelière de Lausanne puts Amelia the robot at its core

When Switzerland-based hospitality school EHL began to automate processes, it was met with staff inertia, but that all changed after its benefits became clear
May 17, 2019 17 May'19
Identity custodians needed in digital era

Digital identity systems will fail if they do not take humans into account, warns identity innovator, suggesting that a ‘digital guardian’ could help overcome most of these challenges
May 17, 2019 17 May'19
GozNym bust underlines cyber crime threat

A criminal network using GozNym malware has been shut down in an international law enforcement operation, but others are still operating, underlining the need for vigilance, warns a security expert
May 16, 2019 16 May'19
Fujitsu sets out to restore trust in technology

Trust in technology, how to recapture it, and how to ensure AI doesn’t overstep its bounds were the big messages on the opening day of Fujitsu Forum in Tokyo
May 15, 2019 15 May'19
UK pensions trust launches £1.5bn tender for digital services delivery

The National Employment Savings Trust wants its new supplier to build innovations such as data analytics to services provided via digital channels
May 14, 2019 14 May'19
Public sector outsourcing spend plummets

Private sector outsourcing dominated spending in the UK during the first quarter of 2019
May 14, 2019 14 May'19
Electronic ID in the Nordics – a model for other countries?

Use of electronic identity schemes in Sweden, Norway, Finland and Denmark is far ahead of other countries – but why?
May 10, 2019 10 May'19
Reducing poverty through fintech at the Bill and Melinda Gates Foundation

Kosta Peric swapped a life innovating for banks to work on increasing financial inclusion in the developing world
May 10, 2019 10 May'19
Dutch businesses not yet implementing NIS Directive

Little urgency to comply with the Network and Information Systems Security Act, which seeks to protect the Netherlands’ vital infrastructure and digital services from cyber attack
May 09, 2019 09 May'19
Deutsche Börse harnesses Microsoft cloud

German stock exchange signs deal with Microsoft that will not only benefit the exchange, but other organisations in the sector that are considering cloud migration
May 07, 2019 07 May'19
Swedish government tells citizens to hoard cash in case of cyber attack

Civil Contingencies Agency says cash is needed in case of emergencies such as technology failures and cyber attacks
May 03, 2019 03 May'19
Co-operative Bank creates over 100 IT jobs in Manchester

The Co-operative Bank is looking for talent to support its digital strategy and previous banking and IT experience is not a necessity
May 02, 2019 02 May'19
Firms urged to embrace positive security trends to win cyber war

Modern cyber security challenges overshadow the information security successes of the past, but several positive trends are emerging as defenders come to grips with new threats, says Deloitte
May 02, 2019 02 May'19
Microservices introduce hidden security complexity, analyst warns

Microservice architecture – an approach to application development in which applications are built as a suite of modular services – simplifies development but complicates security, says KuppingerCole
May 01, 2019 01 May'19
Middle East Interview: Bahrain fintech drive gathers speed

Bahrain wants to be a launchpad into the wider region for financial technology firms looking to scale
May 01, 2019 01 May'19
Danish financial services regulator launches sandbox initiative

FT Lab offers fintech startups a platform to test out their products in a secure environment
May 01, 2019 01 May'19
Get more proactive on cyber security, says ex Europol chief

Business needs to get more proactive, collaborative, resilient and analytical to manage cyber risks posed by cyber criminals down to acceptable levels, says former Europol chief
April 30, 2019 30 Apr'19
Nearly half of UK IT pros report serious data breaches

Integration of security systems and employee training recognised as key ways to reduce the growing severity of data breaches
April 29, 2019 29 Apr'19
Fix the basics first, then worry about AI, advise experts

The freedom of the internet is at risk, with the cyber arms race and the industrialisation of hacking are set to continue as attackers move up the value chain to target trust mechanisms, threat experts predict
April 29, 2019 29 Apr'19
Danske Bank and IBM bring AI to banking IT

Artificial intelligence partnership is designed to reduce the risk of major IT outages and keep the bank’s customers happy
April 24, 2019 24 Apr'19
Challenger bank Tandem migrates to AWS in one weekend

Customer migration to Amazon Web Services demonstrates challenger banks’ agility in moving quickly to the latest technology
April 23, 2019 23 Apr'19
WannaCry hero pleads guilty, urges others to stay on ‘good side’

Briton hailed as WannaCry hero finally pleads guilty to charges of writing and distributing malware, but urges security researchers to stay away from the “dark side”
April 23, 2019 23 Apr'19
APAC set for blockchain boom

Led by China, spending on blockchain technology in Asia-Pacific excluding Japan will surpass $2bn by 2022
April 17, 2019 17 Apr'19
Middle East CIOs optimistic as budgets increase and digital transformations expand

Cyber security and risk management will see the biggest increase in spending, but digital transformation of businesses is a major driver of investment, survey shows
April 16, 2019 16 Apr'19
NatWest eases business payments with biometric authentication on mobile

NatWest is making it easier and safer for businesses to make payments of any size via a mobile app using biometric authentication technology
April 14, 2019 14 Apr'19
Singapore firms streamline operations, fend off disruption with cloud

Certis and financial institutions are among those in the city state that are turning to cloud services to gain a competitive edge
April 10, 2019 10 Apr'19
Google Cloud CEO outlines plans to take firm even deeper into the enterprise

CEO Thomas Kurian used inaugural Google Cloud Next keynote to detail how infrastructure investments, supplier partnerships and simplified processes will be key to its plans to conquer even more of the enterprise market
April 09, 2019 09 Apr'19
Digital doppelgangers for sale to defeat anti-fraud tech

Security researchers have uncovered an online market selling digital identities to help cyber criminals to defeat anti-fraud technologies, as financial cyber crime becomes a bigger threat than ever before
April 04, 2019 04 Apr'19
Social inclusion unit aims to expand diversity in IT conversation

New unit at startup hub wants to explore how technology can be applied to address the barriers many people face in participating in society
April 04, 2019 04 Apr'19
National Savings and Investments makes £300m extension to Atos deal

UK government-owned savings bank adds three years to IT services contract with French supplier
April 04, 2019 04 Apr'19
Researchers uncover US-based malware distribution centre

More than a dozen US-based web servers are operating as the malware equivalent of an Amazon fulfilment centre to target businesses, security researchers have found