News

IT for financial services

• April 04, 2019 04 Apr'19

  Post Office to appeal judgment from first Horizon trial

  The Post Office will appeal against some of the judgments from the first trial concerning the Horizon computer system used by subpostmasters

• April 04, 2019 04 Apr'19

  Fresh approach needed to reap cloud security benefits

  Transitioning to cloud-based services offers businesses an opportunity to improve security capabilities, but only if they adopt a proactive cloud-native approach, says Palo Alto Networks cloud security expert

• April 04, 2019 04 Apr'19

  SuiteWorld 2019: Using technology to close the financial gender gap

  The CFO from non-profit organisation Kiva explains how the organisation is using distributed ledger technology to close the financial inclusion gender gap

• April 03, 2019 03 Apr'19

  Most business decision-makers and knowledge workers happy to work alongside robots

  Fears that automation will remove jobs for knowledge workers are reducing as opportunities emerge to upskill and eradicate mundane work

• April 02, 2019 02 Apr'19

  Four in 10 leading banks failing on email fraud protection

  Top UK traditional and challenger banks risk exposing customers to email fraud, a study reveals

• April 02, 2019 02 Apr'19

  Cyber attacks increasingly exploiting supply chain weaknesses

  Cyber attacks are increasingly characterised by supply chain attacks, counter incident response and lateral movement, research reveals

• April 02, 2019 02 Apr'19

  Thales completes acquisition of Gemalto

  Multi-billion-euro acquisition gives Thales a global leadership position in digital identity and security

• April 01, 2019 01 Apr'19

  Fidor founder leaves as parent bank plots future

  The founder of digital challenger bank Fidor leaves company as traditional banking parent company tries to sell business

• March 29, 2019 29 Mar'19

  Major shake-up of TSB IT after core banking system migration disaster

  TSB has restructured its IT team to give its internal team control of its core banking system

• March 28, 2019 28 Mar'19

  Encryption adoption driven by new tech and compliance

  The adoption of encryption is at its highest level yet, driven by the need to protect data generated by new digital initiatives, but still less than half of organisations are applying it consistently across the enterprise

• March 28, 2019 28 Mar'19

  Businesses losing out on early payment discounts due to outdated software

  Chief financial officers need to upgrade their accounting software to benefit from discounts available for paying suppliers early

• March 26, 2019 26 Mar'19

  Nominet urges SMEs to register .uk domains to thwart squatters

  The automatic right of .co.uk domain name holders to register the shorter .uk domains ends in June

• March 25, 2019 25 Mar'19

  Artificial intelligence making major inroads into Russian banking

  Russian banks are identifying use cases for artificial intelligence, but the gradual adoption of the technology will require access to a deeper skills pool if it is to accelerate

• March 19, 2019 19 Mar'19

  NatWest launches female-focused crowdfunding programme

  Consumer bank NatWest is backing female entrepreneurs through a crowdfunding programme

• March 19, 2019 19 Mar'19

  Firms urged to protect against spear phishing

  Spear phishing attacks are sophisticated, targeted, costly and increasing in popularity among cyber attackers, a report warns

• March 19, 2019 19 Mar'19

  NatWest launches business virtual account platform

  Features supported by a new system enable corporate customers to manage and segregate money, and are part of a wider digital transformation plan to enhance customer experience

• March 13, 2019 13 Mar'19

  Bank of England’s large IT spend partly due to use of manual processes and legacy systems

  The Bank of England admits there is room for improvement when it comes to IT efficiency

• March 12, 2019 12 Mar'19

  Nationwide uses natural language processing to discover what annoys customers

  SAS has run a proof of concept at building society Nationwide, using artificial intelligence and natural language processing to determine how to improve customer correspondence

• March 11, 2019 11 Mar'19

  NatWest launches biometric card pilot

  NatWest Bank is set to trial biometrics-based cards with 200 customers to verify contactless payment transactions over £30

• March 09, 2019 09 Mar'19

  ICO data raises doubts over UK firms’ ability to manage breaches

  Most ICO data breach reports late and incomplete prior to full GDPR implementation, FoI request data reveals, raising doubts about breach prevention, detection and response capabilities

• March 08, 2019 08 Mar'19

  Equifax defends against scathing Senate report

  Equifax chief says firm did take cyber security seriously in a response to a scathing Senate report on the credit rating agency’s 2017 data breach, which experts say highlights failings around open source software

• March 07, 2019 07 Mar'19

  ICO head still in top three of DataIQ data leader list

  The UK’s information commissioner remains in the top three data leaders after claiming top spot in 2018 in the DataIQ 100 list of most influential data leaders, but GDPR is not the only focus in the industry

• March 07, 2019 07 Mar'19

  Machine identities for sale on dark web, business warned

  Academics and security professionals are warning businesses that certificates used to establish trust and privacy on the internet are being weaponised and sold to cyber criminals bundled with other services

• March 07, 2019 07 Mar'19

  Tech under spotlight at High Court in second subpostmasters versus Post Office trial

  The second trial in a court battle between the Post Office and the people who run branches analyses alleged bugs in the computer system they use

• March 05, 2019 05 Mar'19

  Santander latest bank to tap Google experience

  Spanish banking giant is tapping IT skills from Google through its latest senior tech appointment

• March 04, 2019 04 Mar'19

  Cyber awareness of UK boards found wanting

  Boards of many of the UK’s biggest firms must do more to be cyber aware, according to a government report.

• March 04, 2019 04 Mar'19

  Danske Bank builds on machine learning to predict IT failures

  Danish bank is using artificial intelligence to help it prevent IT outages that could damage its reputation with customers

• March 01, 2019 01 Mar'19

  IBM deal to drive Nordea’s IT-led transformation

  Nordea is expanding its relationship with IBM through a deal that will give it access to the skills and resources required to keep pace with the digital revolution in banking

• March 01, 2019 01 Mar'19

  BBC reveals high frequency of UK banking outages from data mandated by the FCA

  BBC analysis of IT outages at UK banks, evident in data mandated by the Financial Conduct Authority since August 2018, reveals them to occur at least once a month at each current account provider

• February 27, 2019 27 Feb'19

  Dutch companies lack knowledge of IoT’s benefits

  Many organisations in the Netherlands are missing out on the benefits of the internet of things because they lack awareness of its potential

• February 25, 2019 25 Feb'19

  Nordic tech is increasing diversity but more needs to be done

  The shortage of women in the boardroom is a problem in the Nordics, like other regions, but work in its tech sector means the future could be more promising

• February 20, 2019 20 Feb'19

  Estonia redoubles efforts to attract global IT talent

  IT professionals from all over the world are being lured to Estonia through a government recruitment campaign

• February 19, 2019 19 Feb'19

  Bank of England to migrate from core system with a one-off big bang

  The Bank of England will migrate from its current core settlement system with a 'big-bang' migration before the end of 2025

• February 14, 2019 14 Feb'19

  Action needed as venture capitalists reluctant to invest in fintechs founded by women

  Action is needed if fintechs set up by women are to receive the same level of venture capitalist backing as those set up by men

• February 12, 2019 12 Feb'19

  Legacy systems holding banks back from meeting demand for instant accounts

  Banks are struggling to meet customer demand to open accounts instantly because of legacy IT systems and processes

• February 12, 2019 12 Feb'19

  Dutch developer offers businesses nuclear security option for communications

  Startup that created the secure platform for communication between world leaders at the 2014 Nuclear Security Summit in the Netherlands seeks to revolutionise business mail

• February 11, 2019 11 Feb'19

  Lauri Love takes legal action against NCA for return of seized computers

  Lauri Love, a former engineering student who won a battle with the US Department of Justice against extradition to the US to face hacking charges, is suing the UK's intelligence agency, the NCA, for the return of his seized computers

• February 08, 2019 08 Feb'19

  Lloyds Bank rolls out open banking functionality to mobile app customers

  Lloyds Bank customers can now see current accounts from multiple banks through their mobile banking app

• February 07, 2019 07 Feb'19

  Nordic region primed to pioneer 5G

  The Nordic region could pioneer the commercial use of 5G, with Finland and Sweden hotbeds for the technology

• February 06, 2019 06 Feb'19

  UK’s IT and BPO spend plummets because of Brexit uncertainty

  UK businesses cut their investment in IT and business process outsourcing last year because of confusion over Brexit, but there was a 68% rise in public sector spending

• February 05, 2019 05 Feb'19

  Payday lender cuts troubleshooting by 30% with Virtual Instruments

  Curo Financial thought storage was slowing down its websites, but found virtual machine and network issues were to blame. To fix this, it’s going proactive on storage performance issues

• February 05, 2019 05 Feb'19

  CIO interview: David Germain, CITO, RSA Insurance Group

  Insurance giant’s chief information and technology officer wants to refresh the company’s user computing environment, make smart technology investments and take advantage of the latest innovations

• February 04, 2019 04 Feb'19

  Swiss bank moves away from file with Cloudian object storage

  PostFinance opts for Cloudian object storage as it migrates 100 million files away from NetApp and builds S3-compatible archives for Hadoop and Apache Spark

• February 04, 2019 04 Feb'19

  Massive uptick in cyber attacks targeting Student Loans Company

  Cyber criminals used a range of techniques, as well as malware, malicious emails and calls, in attempts to access confidential financial data belonging to students, in massive uptick in attacks in the past year

• February 01, 2019 01 Feb'19

  TSB blames IT disaster for huge losses

  TSB made a huge loss in its latest financial year because of costs it incurred as a result of an IT disaster

• February 01, 2019 01 Feb'19

  ICO to audit Leave.EU and Eldon Insurance

  UK privacy watchdog will audit the data protection practices at Leave.EU and Eldon Insurance and has confirmed fines for both companies for unlawful marketing messages

• February 01, 2019 01 Feb'19

  Clydesdale, Yorkshire and Virgin Money opt for OpenShift digital push

  Banking group CYBG uses OpenShift to roll out a common set of services and improve developer productivity

• January 31, 2019 31 Jan'19

  Cyber insurance uptake growing, but not all firms convinced

  The adoption of cyber insurance is expected to grow, but one in three companies still are not sold on the benefits, a survey shows

• January 30, 2019 30 Jan'19

  AXA recruits AI assistants in back office

  Insurance giant is deploying software robots to take over repetitive tasks and free up humans to do more analytical work

• January 30, 2019 30 Jan'19

  NatWest opens academy to teach staff the power of data

  Bank tools up its employees with the data skills required to offer customised products for customers