News

IT for financial services

• September 04, 2017 04 Sep'17

  Women still under-represented in Nordic IT despite region’s efforts

  Although countries in the Nordic region are often hailed as pioneers of digital and equal worker rights, there is still gender inequality in the IT sector.

• September 04, 2017 04 Sep'17

  Government launches FTTP pilot for businesses, schools and hospitals

  The government has released £10m to six FTTP trial projects around the UK, testing ultrafast broadband technology in businesses, schools and hospitals

• August 31, 2017 31 Aug'17

  App-based challenger bank Starling enters next stage of its journey

  Thousands of people are downloading Starling’s app every week as the bank builds its customer base

• August 30, 2017 30 Aug'17

  Researcher finds over 711 million compromised email accounts

  A security researcher has discovered a spambot using more than 711 million compromised email accounts to spread data-stealing malware

• August 30, 2017 30 Aug'17

  Challenger bank Fidor reaches 200,000 customers

  Fintech trailblazer Fidor now has more than 200,000 people using its banking services, but its CEO believes the fintech environment is getting tougher

• August 29, 2017 29 Aug'17

  Danske Bank taps into the cognitive capabilities of IBM Watson

  Danish bank is using IBM Watson as part of a major IT outsourcing deal

• August 23, 2017 23 Aug'17

  UAE telco Du pushes SaaS adoption in Middle East

  The Middle East looks set to see strong growth in software as a service and IT departments need to take a different approach

• August 22, 2017 22 Aug'17

  Barclays installs devices to monitor office use

  Barclays bank has installed sensors connected to a cloud-based analytics platform to monitor and analyse office use

• August 22, 2017 22 Aug'17

  Blockchain skills in high demand and jobs being swept up quickly

  Job vacancies for people with blockchain skills are being filled in just seven days, on average, once they are advertised online

• August 21, 2017 21 Aug'17

  HSBC streamlines mortgages with Capita software

  Bank is using software to improve its mortgage application processes and subsequently increase business through brokers

• August 17, 2017 17 Aug'17

  World's largest’ data center planned in Norway

  Norway will soon have the biggest datacenter in the world which will harness the countries rich natural resources

• August 17, 2017 17 Aug'17

  Barclays ring-fencing project means downtime for customers

  Many Barclays services will be unavailable this weekend as part of the bank's project to separate retail and investment operations

• August 16, 2017 16 Aug'17

  A decade of IT change since banking meltdown

  With 10 years passing since Northern Rock had to be bailed out by the government, we look at how banking IT has changed since the financial crisis

• August 11, 2017 11 Aug'17

  BBVA tops Forrester mobile bank app chart

  Spanish bank BBVA has the best mobile banking app in the world, according to Forrester Research

• August 11, 2017 11 Aug'17

  HSBC uses IBM to automate the processing of 100 million document pages

  In another instance of banks adopting automation to lower costs and drive productivity, HSBC uses IBM analytics technology to cut down on its paper trail

• August 10, 2017 10 Aug'17

  China tests hack-proof quantum satellite communications

  China has tested a prototype communication system that uses the principles of quantum mechanics to make it impossible for hackers to access

• August 09, 2017 09 Aug'17

  Over 40% of IT professionals want another general election this year

  A large proportion of IT workers in the UK want another general election this year in the hope it will stave off a hard brexit

• August 09, 2017 09 Aug'17

  Nordic countries top digital nations ranking, but risk stalling

  Nordic countries are leaders when it comes to digitisation – but they must continue to innovate to retain their position

• August 08, 2017 08 Aug'17

  WannaCry hero due in court on malware charges

  The Briton who played a key role in halting the global WannaCry ransomware attacks is due in court in the US to face charges in connection with the Kronos banking Trojan

• August 03, 2017 03 Aug'17

  Ransom DDoS attacks on the rise

  The use of distributed denial of service (DDoS) attacks to extort money from organisations is on the rise, warns security firm Kaspersky Lab

• July 25, 2017 25 Jul'17

  AA Ireland turns to predictive analytics in fraud crackdown

  Roadside assistance company invests in analytics software to fight fraud and introduce dynamic pricing after its split with the AA

• July 25, 2017 25 Jul'17

  Nordea deploys AI to speed up customer service

  Nordea is reaping the rewards of its fintech investments through its latest project to use artificial intelligence to support customers

• July 20, 2017 20 Jul'17

  TSB to introduce iris scan authentication in September 2017

  TSB customers will soon be able to access their mobile bank accounts through iris scanning, which is regarded as the most secure biometric authentication available

• July 19, 2017 19 Jul'17

  London Stock Exchange uses IBM blockchain technology

  The London Stock Exchange is testing out IBM's blockchain technology in a platform to help SME operations become more transparent

• July 17, 2017 17 Jul'17

  IBM claims breakthrough in mainframe encryption

  IBM says its new mainframe ushers in a new era of data protection in response to a call to action from chief information security officers and security experts worldwide

• July 13, 2017 13 Jul'17

  Encryption keys too predictable, warn security researchers

  Encryption keys are not as random as most people think, which means encrypting data is often not as secure as it could be, according to security researchers

• July 13, 2017 13 Jul'17

  HPE and CSC merger wins confidence of Zurich

  Zurich Insurance has demonstrated confidence in CSC's merger with HPE through a contract extension

• July 13, 2017 13 Jul'17

  Visa encourages US businesses to go cashless with £500,000 in hard cash

  Card giant offers small US businesses financial support to upgrade their payments technology if they agree to abandon cash

• July 12, 2017 12 Jul'17

  UK ranked as top 10 digital economy

  The UK has been ranked among the top 10 nations in terms of digital capabilities

• July 11, 2017 11 Jul'17

  Legal & General picks HomeServe’s IoT LeakBot to protect homeowners

  Insurance firm partners with HomeServe to deploy its internet of things LeakBot technology and lower customer premiums

• July 10, 2017 10 Jul'17

  Experian admits mobile and online issues after system upgrade

  Some customers of credit referencing company are having problems accessing a service they pay for following an IT upgrade and large customer migration to a new system

• June 29, 2017 29 Jun'17

  App-based banking continues its ascent in the UK

  The number of people banking from their mobile phones is increasing as more services are made available through the channel

• June 26, 2017 26 Jun'17

  Interview: Louise McCarthy and Valeria Della Rosa, EBRD

  Two women are at the helm of the European Bank of Reconstruction and Development’s technology change programme – the bank’s first-ever digital transformation

• June 23, 2017 23 Jun'17

  Swedish fintech Klarna gains full banking licence

  Swedish online payments provider Klarna becomes one of “the largest banks in Europe” after being granted an EU-wide banking licence by the Swedish Financial Supervisory Authority

• June 22, 2017 22 Jun'17

  Voice biometrics still relatively unheard

  Authentication system could help reduce UK fraud by making it hard for fraudsters to glean information from contact centres

• June 21, 2017 21 Jun'17

  The human apprentices behind robotic automation

  IT apprentices are helping large businesses transform their back-office processes through software robots

• June 15, 2017 15 Jun'17

  Finnish mobile operators opt-out from free EU roaming

  Finnish mobile operators have been exempted from new European Union data roaming rules for now

• June 14, 2017 14 Jun'17

  Microchips implanted in hands could be in use for payments in 20 years

  UK consumers are becoming more accepting that biometric authentication will become the norm for payments

• June 14, 2017 14 Jun'17

  HR technology essential to cutting-edge customer service, say big businesses

  If you can’t get your internal HR systems right, the business will suffer – Jaguar Land Rover, Lufthansa and Russia’s Sberbank explain why

• June 07, 2017 07 Jun'17

  Challenger bank technology arm hires former ABN Amro IT executive as CIO

  Bank and banking technology supplier Fidor hires an experienced banking CIO to support its international expansion

• June 06, 2017 06 Jun'17

  Lloyds bank staff will move to IBM in outsourcing deal

  About 1,500 IT staff at Lloyds Banking Group will join IBM as part of an IT infrastructure outsourcing agreement

• June 06, 2017 06 Jun'17

  HSBC launches global social network for businesses

  HSBC Bank is helping its business customers connect with potential partners through a digital hub

• June 01, 2017 01 Jun'17

  IR35 reforms: HMRC denies claims that online tax status assessment tool returns unreliable results

  HM Revenue & Customs hits back at research that suggests its IR35 online assessment tool is hindering public sector organisations in determining the tax status of off-payroll staff

• May 30, 2017 30 May'17

  Taiwan’s OwlTing taps blockchain to improve food safety

  The e-commerce company is using blockchain technology to provide consumers with greater transparency on food sources and production processes

• May 24, 2017 24 May'17

  Dubai financial services regulator launches temporary licence aimed at fintechs

  Dubai is making it easier for financial technology companies to test out their ideas through a temporary licence

• May 24, 2017 24 May'17

  SAP aligns with Saudi Arabia’s IT transformation agenda

  Global software giant SAP sees an opportunity for its wide portfolio in Saudi Arabia as the Middle Eastern country transforms

• May 22, 2017 22 May'17

  HSBC voice authentication tricked by twins

  Twin brothers managed to trick HSBC’s voice recognition security system into giving account access to the wrong person

• May 16, 2017 16 May'17

  Customer experience transformation at Macquarie bank brings legacy system retirement as a bonus

  Australia’s Macquarie bank builds a data layer on top of legacy IT systems to transform customer experience

• May 10, 2017 10 May'17

  Nordic region competes for datacentre dominance

  The Nordic region is an attractive region for datacentres as demand for cloud services in the area grows

• May 10, 2017 10 May'17

  Blockchain economy on the horizon

  Blockchain technologies will enable many new and disruptive business models than the internet itself, an expert predicts