News

IT for financial services

October 03, 2018 03 Oct'18
Rise in data-stealing Betabot malware

Researchers are warning about an increase in Betabot malware after detecting multiple infections in recent weeks, underlining the importance of software patching
October 02, 2018 02 Oct'18
How Bank of England is using Splunk for proactive security

Head of the Bank of England’s security operations centre talks about how Splunk is helping it to take a more proactive approach to preventing cyber attacks
October 02, 2018 02 Oct'18
Filling the blockchain chasm

Blockchain as a term is becoming common language, but there is a long way to go before it will mean anything to the performance of most organisations
October 01, 2018 01 Oct'18
UK will unilaterally tax web giants, says Hammond

Chancellor threatens to go it alone on tax reform for digital services businesses if an international agreement cannot be reached

October 01, 2018 01 Oct'18
UK firms’ password security score ‘average’

While businesses are making strides in strengthening password security, there is more work to be done, with the UK password score lagging behind the frontrunners, a survey shows
October 01, 2018 01 Oct'18
Tesco Bank gets first cyber-related FCA fine

UK’s financial watchdog issues its first cyber-related fine to Tesco Bank in connection with a multimillion-pound cyber fraud in 2016
September 28, 2018 28 Sep'18
No let-up in digital banking glitches as TSB and HSBC customers are hit on payday

Online and mobile app banking outages continue to increase in regularity as TSB and HSBC customers report problems
September 27, 2018 27 Sep'18
CIO interview: Fraser Ingram, Clydesdale and Yorkshire Bank

Fraser Ingram joined the Clydesdale and Yorkshire banking group as CIO just at the right time – as it was embarking on its digital journey
September 26, 2018 26 Sep'18
Indian IT giant TCS sees IBM and Accenture as nearest rivals

Rapidly-growing Tata Consultancy Services has its eyes on the US IT giants, with customer service key if it is to overtake them
September 26, 2018 26 Sep'18
Financial services firms face potential security bombshell

UK financial services are facing a security crisis over outdated services and applications, a survey shows

September 26, 2018 26 Sep'18
Australia’s ANZ banks on Google Cloud

The Australia and New Zealand Banking Group has signed up for the Google Cloud Platform to help its bankers deliver data insights to institutional customers
September 25, 2018 25 Sep'18
PCI DSS compliance falls despite security benefit

Despite the benefits of the payment card industry security standard, there is a concerning downward trend in compliance, a report reveals
September 24, 2018 24 Sep'18
InfoWatch opens training centre to help address Middle East skills shortage

Security supplier offers Middle East customers cyber security and digital training facility as organisations in the region struggle to equip staff with latest skills
September 21, 2018 21 Sep'18
Businesses that take humans with them on robotics journeys gain the most

Businesses that put human development at the centre of their automation strategies will profit the most
September 21, 2018 21 Sep'18
RBS, Barclays and NatWest customers suffer more mobile banking outages

Banks apologise for problems that have affected mobile and internet banking services
September 19, 2018 19 Sep'18
Santander plans UK tech hub in Milton Keynes

Santander is opening a UK tech hub in Milton Keynes that will have 5,000 staff
September 17, 2018 17 Sep'18
Danske Bank invests in anti-money laundering systems following Estonian problems

Danske bank improves its anti money laundering software, utilising artificial intelligence and machine learning
September 17, 2018 17 Sep'18
Nationwide Building Society adds over a billion pounds to IT spend

Nationwide is increasing the budget for its latest multi-year IT project
September 14, 2018 14 Sep'18
CIO interview: Amir Nooriala, chief operating officer, OakNorth

The challenger bank’s COO on wanting to be fully cloud hosted, going through a huge cloud migration and being able to rebuild its core banking platform in five hours
September 13, 2018 13 Sep'18
GCHQ mass surveillance regime was in breach of human rights law, European court rules

The European Court of Human Rights in Strasbourg has ruled that the UK’s collection of bulk interception of communications data lacked adequate oversight and safeguards and was in breach of human rights law
September 13, 2018 13 Sep'18
Tech Nation startup programme demonstrates richness of UK fintech

A Tech Nation programme to support the UK's financial technology startups demonstrates the increasingly diverse range of business-to-business products and services available through the country's fintech community
September 12, 2018 12 Sep'18
FCA warns it cannot manage financial crime risks without sharing data with EU

FCA admits it will be unable to manage financial crime effectively if it cannot share data with EU authorities.
September 07, 2018 07 Sep'18
RBS announces branch closures as part of cancelled project to create challenger bank

The Royal Bank of Scotland has announced more branch closures and job losses as digital transformation continues to transform the sector
September 07, 2018 07 Sep'18
North Korean programmer charged for WannaCry attacks

The US has charged a member of a group of North Korean hackers linked to the WannaCry, Sony Pictures and other cyber attacks around the world
September 05, 2018 05 Sep'18
The fintech startups to watch in the UK

Tech Nation’s choice of fintech companies to back reflects the changes expected to hit financial services IT
September 04, 2018 04 Sep'18
Element AI teams up with AI Singapore

The Canadian upstart is co-developing AI applications for local industries as part of its efforts to build new research capabilities via local talent pools
September 04, 2018 04 Sep'18
Britons concerned over security of contactless payments, research finds

Despite the popularity of contactless payments ahead of cash, Britons are worried about the security of tap and go
September 04, 2018 04 Sep'18
TSB CEO out after months of IT problems

TSB’s CEO, Paul Pester, is stepping down after the bank and its customers were beset by another round of IT problems
September 03, 2018 03 Sep'18
Dutch bank ING sees financial boost from employee performance management rethink

ING claims business has improved after replacing ‘scattered and fragmented’ IT systems to change the way it manages employee performance
September 03, 2018 03 Sep'18
Majority of UK firms not insured for data breaches

Many UK firms are not insured against information security breaches and data loss, and would have to spend £1m on average to recover from a breach, a report reveals
August 30, 2018 30 Aug'18
Cobalt cyber heist group mounts new campaign

Security researchers discover new campaign using two malicious links to double the chances of infection, which is believed to be linked to a notorious cyber crime group
August 30, 2018 30 Aug'18
Accountant dumps Dell SAN for StorMagic hyper-converged

Accounting firm ditches traditional SAN hardware for software-defined hyper-converged storage from StorMagic and avoids tens of thousands of dollars in capex costs
August 29, 2018 29 Aug'18
IT leaders at a crossroads as they grapple with digital technology

CIOs have the opportunity to influence their company strategy as digital technology reshapes business. A survey of CIOs across 70 countries charts a path for IT leaders through emerging technologies
August 28, 2018 28 Aug'18
Sharp rise in business email compromise

Cyber attackers are expanding their attack methods to steal money and to gain access to corporate and employee data, a report reveals
August 24, 2018 24 Aug'18
North Koreans add Mac OS to cryptocurrency-stealing malware attacks

A North Korean hacking group is targeting cryptocurrency exchanges using Trojanised cryptocurrency trading software designed for both Microsoft’s Windows and Apple’s Mac OS, say researchers
August 23, 2018 23 Aug'18
Cryptographic agility is key to post-quantum security

Although post-quantum security is not an issue for all organisations today, an expert believes that those needing to ensure data is secure for decades to come should aim to achieve cryptographic agility above all else
August 23, 2018 23 Aug'18
No Deal Brexit papers warn of stark future for UK tech

The government has published the first of its No Deal Brexit contingency planning notices, containing sobering messages for the UK technology industry
August 23, 2018 23 Aug'18
Apache Struts users urged to update due to new security flaw

Another security flaw has been discovered in the Apache Struts, which was at the heart of the massive Equifax data breach in 2017
August 22, 2018 22 Aug'18
European cloud adopters still lack basic security

Despite outpacing the rest of the world, the majority of organisations adopting cloud in Europe, the Middle East and Africa lack basic security, a report reveals
August 22, 2018 22 Aug'18
Language barrier won’t hold back chatbots in the Netherlands

The use of chatbots by Dutch organisations is on the up, with KLM's chatbot a pioneering example
August 22, 2018 22 Aug'18
Barclays appointment will step up use of AI in investment bank

Ex-Goldman Sachs expert will focus on improving Barclays’ trading services and making internal systems more efficient
August 22, 2018 22 Aug'18
JP Morgan fintech strategy widens retail trading

Bank’s digital You Invest service opens up trading opportunities to millions of customers
August 21, 2018 21 Aug'18
Retail and finance top cyber targets

Retail and finance remain the top cyber attack targets, but the second quarter also saw a spike in attacks against the manufacturing industry and an increase in remote desktop attacks, a report reveals
August 21, 2018 21 Aug'18
UK cryptocurrency exchange enlists Rackspace for Microsoft Azure cloud move

London Block Exchange taps up Rackspace to assist with two-month Microsoft Azure migration as it sets about shoring up its platform against demand spikes
August 20, 2018 20 Aug'18
Job losses caused by artificial intelligence will dwarf those of Victorian revolution

The disruption to the jobs market caused by artificial intelligence will be far greater than that caused by industrialisation in Victorian times
August 17, 2018 17 Aug'18
Cyber Security Challenge UK to scale up

Cybersecurity Challenge UK plans to scale up its events and its role in coordinating UK industry efforts to attract talented people to the cyber security profession
August 14, 2018 14 Aug'18
Phishing remains top fraud enabler, RSA reports

Phishing is the most popular way of enabling fraud for cyber criminals, who are also increasingly using rogue mobile apps, mobile browsers and social media, a report reveals
August 14, 2018 14 Aug'18
UK banks under pressure to improve downtime reporting under new FCA rules

To make it easier for customers to compare and switch between current account providers, UK banks are under pressure to improve their reporting processes for downtime and security incidents
August 14, 2018 14 Aug'18
FBI warns of global ATM cyber crime spree

The FBI has issued a warning to banks that cyber criminals are planning to steal millions in a coordinated worldwide attack on cash machines
August 13, 2018 13 Aug'18
Banks lead in digital era fraud detection

All e-commerce businesses should follow the banks’ lead in how to detect fraud in the digital era, says RSA fraud and risk expert