News

IT for financial services

• January 29, 2019 29 Jan'19

  Global cyber attack could cost up to $193bn, study shows

  A coordinated global cyber attack could have an economic impact of up to $193bn, an insurance industry-backed report claims

• January 29, 2019 29 Jan'19

  IT leaders grapple with workforce skills gap as they deploy AI and digital technology

  Organisations will have to find new ways of reskilling their workforce as they get to grips with artificial intelligence and other digital technologies. CIOs also need to keep their skills updated if they are to succeed

• January 28, 2019 28 Jan'19

  UK IT spending worth £27bn held back due to Brexit uncertainty

  UK businesses are putting billions of pounds of IT investments on hold until they know the terms that the UK will leave the EU

• January 24, 2019 24 Jan'19

  Poor practices expose 24 million financial records

  Failure to maintain appropriate security controls has again led to the exposure of millions of sensitive data records, this time from the banking world

• January 24, 2019 24 Jan'19

  Lloyds Bank to migrate hundreds of thousands of customers to Google-inspired fintech

  Following its announcement that it was exploring the use of a fintech platform, Lloyds Bank has been quick to plan customer migration

• January 24, 2019 24 Jan'19

  Santander announces latest branch closures as digital channels take over

  Bank to close 140 more UK branches as in-branch transactions fall and digital banking accelerates

• January 23, 2019 23 Jan'19

  Finnish banks to share core banking platform and supplier

  Three banks in Finland have hired an IT services supplier to build a shareable core banking platform

• January 23, 2019 23 Jan'19

  US issues emergency directive to halt DNS hijacking

  US government agencies have been given 10 days to complete a four-step action plan to stop DNS hijacking attacks

• January 22, 2019 22 Jan'19

  IBM mobile cyber range starts European tour in London

  IBM’s mobile cyber range is kicking of a tour in London to raise awareness around the need for tried and tested cyber attack responses among organisations in Europe

• January 22, 2019 22 Jan'19

  Young Dutch cyber criminals get re-education rather than jail time

  Young hackers in the Netherlands are being rehabilitated through punishments that educate rather than incarcerate

• January 22, 2019 22 Jan'19

  Mastercard fined over half a billion euros for unfair payment fees

  Mastercard has been heavily fined for having rules on interchange fees which distorted the EU single market

• January 21, 2019 21 Jan'19

  Public procurement key to cyber security

  Using public procurement as a means of boosting cyber security is the top recommendation for 2019, according to a report based on expert views

• January 21, 2019 21 Jan'19

  Bahrain plans to create a world-leading tech ecosystem

  Bahrain is building a technology ecosystem that will help the country further reduce its economic reliance on the oil and gas industry

• January 18, 2019 18 Jan'19

  Siemens connects to world’s largest UCC deployment

  German technology powerhouse Siemens AG reveals how it unified communications and collaboration for hundreds of thousands of employees worldwide

• January 18, 2019 18 Jan'19

  Prepare for no-deal Brexit, says ICO

  The UK data protection authority is urging businesses to prepare for a no-deal Brexit to ensure there is no interruption in data flows from Europe

• January 17, 2019 17 Jan'19

  Vodafone and IBM prep user clouds for future network tech

  Companies expand existing collaboration to enable enterprise customers to prepare for the impact of advanced networking technologies

• January 17, 2019 17 Jan'19

  UK tech firms favour second referendum as next move in Brexit stalemate

  UK tech firms want to remain as close to the EU as possible and believe a second referendum on membership of the trading bloc would be the best way out of the current political stalemate

• January 16, 2019 16 Jan'19

  Researchers discover new Magecart group

  Security researchers have uncovered a sub-group of the Magecart hacking group, highlighting the wider risks of web-based supply chain attacks

• January 16, 2019 16 Jan'19

  UK financial services regulator to link top banker bonuses to IT performance

  FCA head tells Commons Treasury committee: “We expect banks’ policies on variable remuneration to reflect operational resilience. They have to – if they don’t, we will act.”

• January 15, 2019 15 Jan'19

  Nottingham Building Society boosts storage and saves power with Nexsan deployment

  Building society ditches geriatric IBM storage array to gain reliability, boost capacity by 20 times and make energy savings with Nexsan, but rejects flash storage for spinning disk SAN

• January 14, 2019 14 Jan'19

  Top UK hacker-for-hire jailed

  Notorious British hacker-for-hire jailed for cyber attacks on a Liberian telco after an international criminal justice operation

• January 11, 2019 11 Jan'19

  Microsoft takes community approach to artificial intelligence in Sweden

  Microsoft is making increasing use of artificial intelligence in Sweden as it shares experiences with the development community

• January 10, 2019 10 Jan'19

  UK firms say £6.6bn annual security testing cost too high

  Avord launches platform to reduce the multibillion-pound annual cyber security testing cost that most UK firms say is too high

• January 10, 2019 10 Jan'19

  Enterprises are increasing the human workforce while deploying AI

  Artificial intelligence is creating more jobs than it replaces, according to a study of businesses using the technology

• January 09, 2019 09 Jan'19

  Banking apps overtake online banking

  Mobile apps are the most popular channel for banking as consumers swap online platforms for smartphone software

• January 08, 2019 08 Jan'19

  IT professionals in London could see roles shipped to EU as result of Brexit

  The UK and London in particular could see IT jobs in financial services move to hubs across the European Union as a result of Brexit.

• January 07, 2019 07 Jan'19

  UK contactless card fraud surges

  Fraudsters stole £1.18m from contactless users in 2018, with the average theft size also increasing

• January 04, 2019 04 Jan'19

  Phishing attacks hidden by custom fonts

  Security researchers have uncovered a new way in which phishing attacks are evading detection.

• January 04, 2019 04 Jan'19

  JP Morgan looks for someone to lead its blockchain developments

  Bank seeks executive to take on blockchain role, with responsibility for creating technology to solve business challenges

• January 02, 2019 02 Jan'19

  Nordic digital transformation driven by traditional businesses

  More traditional Nordic businesses are fuelling the region's digital transformation, finds report

• December 28, 2018 28 Dec'18

  Top 10 HR technology stories of 2018

  Companies are turning to artificial intelligence, robotic automation and chatbots to take the drudgery out of human resource management

• December 27, 2018 27 Dec'18

  Top 10 CIO interviews of 2018

  IT leaders from across the UK and Europe shared their plans, strategies and best practice advice with Computer Weekly in 2018

• December 27, 2018 27 Dec'18

  Top 10 Middle East stories of 2018

  Here are Computer Weekly’s top 10 Middle East enterprise IT stories of 2018

• December 21, 2018 21 Dec'18

  Top 10 cyber crime stories of 2018

  Here are Computer Weekly’s top 10 cyber crime stories of 2018

• December 20, 2018 20 Dec'18

  Top 10 financial services stories of 2018

  Here are Computer Weekly's top 10 financial services stories of 2018

• December 18, 2018 18 Dec'18

  HSBC taking data analysis service to business customers

  HSBC is upping its search for artificial intelligence expertise as it takes a data analytics service to its business customers

• December 17, 2018 17 Dec'18

  Financial services giant transforms application delivery through HCL

  Dutch financial services firm Aegon is outsourcing the management of its fintech supplier network

• December 14, 2018 14 Dec'18

  Paris latest city to join Tech Global Advocates

  The city of Paris is the latest to join the Tech Global Advocates network, offering a life raft to fintechs in the UK that want to retain customers across Europe

• December 14, 2018 14 Dec'18

  Australia passes controversial encryption law

  Arguments continue over law that requires companies to work with government agencies to ensure that encrypted communications can be read if a crime is suspected

• December 13, 2018 13 Dec'18

  Social engineering at the heart of critical infrastructure attack

  Social engineering is the core technique used in a series of cyber attacks targeting government, defence, nuclear, energy and financial organisations around the world, which means people are key to defence

• December 13, 2018 13 Dec'18

  Chief technology officers in high demand in finance sector

  Financial services firms need to hire experienced chief technology officers as the sector is transformed through fintech

• December 12, 2018 12 Dec'18

  UKtech50 2018 – the most influential people in UK IT

  Computer Weekly has announced the ninth annual UKtech50 – our definitive list of the movers and shakers in the UK IT sector

• December 07, 2018 07 Dec'18

  Finnish government announces research and development ecosystem

  Finland has launched an innovation ecosystem that will support IoT and AI developers amongst others

• December 07, 2018 07 Dec'18

  Half of business leaders unaware of BPC cyber attacks

  Half of management teams polled in 12 countries, including the UK, are unaware of business process compromise (BPC) attacks

• December 06, 2018 06 Dec'18

  Software failure paralyses O2’s 4G network

  O2 is racing to fix a major outage on its 4G network that has left millions of mobile subscribers without access to data services

• December 05, 2018 05 Dec'18

  Australia races towards commercial quantum computing

  Universities make headway in the challenge of commercialising quantum computing

• December 05, 2018 05 Dec'18

  UK consumers threaten data breach backlash

  Most UK and global consumers are willing to walk away from businesses that fail to look after personal data, with retailers most at risk, research shows

• December 04, 2018 04 Dec'18

  Financial institutions’ data at risk despite security spending

  Despite increased spending on cyber security, digital transformation and advanced attacks mean financial institutions’ data is still at risk, a report reveals

• December 04, 2018 04 Dec'18

  Zopa gains banking licence and prepares launch

  Peer-to-peer lending pioneer Zopa is turning its attention to retail banking in the UK, with plans to offer savings, credit and money management products

• December 04, 2018 04 Dec'18

  Barclays staff to transfer to HCL as IT deal is expanded

  Bank announces closure of operation in Lithuania, with employees transferring to IT services company HCL