News

IT for financial services

• January 05, 2017 05 Jan'17

  Robots replace staff at Japanese insurance firm

  Japanese insurance company Fukoku Mutual Life Insurance replaces 34 members of its claims assessment team with IBM Watson

• January 04, 2017 04 Jan'17

  Customer-first approach will make 2017 a challenge for Dutch CIOs

  CIOs in the Netherlands could see their strategies lead to thousands of jobs being cut as businesses automate

• December 30, 2016 30 Dec'16

  Top 10 financial services stories of 2016

  Here are 10 of the most popular fintech articles on Computer Weekly in 2016

• December 21, 2016 21 Dec'16

  Top 10 IT security stories of 2016

  Here are Computer Weekly’s top 10 IT security stories of 2016:

• December 20, 2016 20 Dec'16

  Top 10 cyber crime stories of 2016

  Here are Computer Weekly’s top 10 cyber crime stories of 2016:

• December 19, 2016 19 Dec'16

  HMRC slammed over tax probe into Newcastle datacentre campus investors

  HM Revenue and Customs said it is committed to clamping down on abuses of the UK tax system, following criticism of its decision to recoup tax relief payments to datacentre investors

• December 13, 2016 13 Dec'16

  Metro Bank moves IT infrastructure to cloud

  Metro Bank moves its IT infrastructure to a private Rackspace cloud platform, which will allow it to keep up with the latest technologies and reduce costs

• December 09, 2016 09 Dec'16

  IT Priorities 2017: Nordic organisations to spend more on cloud services

  The adoption of cloud computing in its many guises will be a top priority in the Nordic region in 2017

• December 07, 2016 07 Dec'16

  The United Arab Emirates enterprise IT trends for 2017

  The UAE is already a leader in areas such as smart city developments, and 2017 looks set to see organisations in the country increase its adoption of other transformational IT

• December 07, 2016 07 Dec'16

  40 firms to trial IBM Watson cognitive computing for cyber security

  Forty companies sign up to apply IBM’s Watson cognitive computing systems to cyber security, but threat intelligence experts caution against total reliance on such systems

• December 06, 2016 06 Dec'16

  London Stock Exchange opens tech services centre in Sri Lanka

  The London Stock Exchange increases its technology support services operation in Sri Lanka

• December 05, 2016 05 Dec'16

  Top 10 ANZ enterprise IT stories of 2016

  Here is a rundown of Computer Weekly’s most popular ANZ enterprise IT articles for 2016

• December 02, 2016 02 Dec'16

  Academics link payment card vulnerability to Tesco Bank cyber heist

  UK academics uncover a vulnerability in online payment systems, which they say could have been used in the Tesco Bank cyber heist

• November 30, 2016 30 Nov'16

  Mastercard uses artificial intelligence for transaction approval

  Mastercard is using artificial intelligence to reduce the number of transactions that are wrongly declined, while maintaining security

• November 23, 2016 23 Nov'16

  Axa offers on-demand insurance via mobile app

  Insurance company launches app that offers quick and easy insurance cover for individual items owned by customers

• November 22, 2016 22 Nov'16

  Middle East bank to launch AI for customer support

  Middle East bank Emirates NBD is piloting artificial intelligence to automate customer services

• November 17, 2016 17 Nov'16

  Dutch bank ING to spend millions ‘disrupting’ its own business

  Dutch bank ING used digital technology to reinvent itself following the financial crash, and is about to reinvent itself again, says its global CTO, Brendan Donovan

• November 17, 2016 17 Nov'16

  Lending platform pioneer Zopa aims to become a UK bank

  Zopa, the company that pioneered the peer-to-peer lending sector with its tech platform, looks to add more disruption to the retail banking market

• November 16, 2016 16 Nov'16

  UK almost bottom of OECD pile for ICT investment

  The UK ranks low in terms of how much it invests in the ICT infrastructure as a proportion of GDP

• November 11, 2016 11 Nov'16

  Russian banks hit by IoT-enabled DDoS attacks

  DDoS attacks on Russian banks have been linked to IoT botnets, further confirming this worrying trend and highlighting the need for IoT suppliers to improve security capabilties

• November 11, 2016 11 Nov'16

  24 cyber criminals arrested in Europol operation

  Romanian police arrest 24 members of a card skimming and cloning operation and identify 47 other suspects

• November 09, 2016 09 Nov'16

  HSBC combines AWS with agile thinking to tap into growing demand for mobile banking

  Banking giant opens up about how cloud and DevOps adoption is helping it cope with the growing consumer demand for mobile and online banking services

• November 02, 2016 02 Nov'16

  Australia and New Zealand IT pros on bigger salaries than UK equivalents

  Aussie IT pros are better rewarded than their counterparts in the UK, according to surveys

• November 01, 2016 01 Nov'16

  Insurers face same legacy system battle as retail banks

  The biggest barrier to insurance companies adopting digital technology is their heavy reliance on legacy IT systems

• October 31, 2016 31 Oct'16

  Black cab customers can now pay by card as well as cash

  London Mayor’s Taxi and Private Hire Action Plan sees card technology introduced to all black cabs in the capital

• October 28, 2016 28 Oct'16

  SDN trailblazer Big Switch Networks launches in UK

  Having established a base of paying customers through a key partnership with Dell, SDN supplier Big Switch Networks is opening its first European offices and gunning for Cisco’s ACI business

• October 25, 2016 25 Oct'16

  Insurers are joining fintech party

  Insurers are held back from digital transformation by legacy systems, but insurance-focused IT startups offer them hope

• October 24, 2016 24 Oct'16

  UAE telco launches mobile wallet

  Etisalat signs deal with technology company to offer its customers a mobile wallet service, as fintech expands in the Middle East

• October 20, 2016 20 Oct'16

  Lessons to be learned from attempted $1bn bank heist

  Analysis of an attack aimed at stealing $1bn reveals important lessons for cyber defenders, says BAE Systems head of threat intelligence Adrian Nish

• October 18, 2016 18 Oct'16

  Abu Dhabi Securities Exchange uses blockchain for e-voting

  Abu Dhabi Securities Exchange offers controlled access to the AGM information of listed companies through a blockchain-based service

• October 14, 2016 14 Oct'16

  Nordea bank joins rival’s mobile payment platform

  Nordea signs up to the mobile payments platform from Danske bank for its customers in Denmark and Norway

• October 13, 2016 13 Oct'16

  Lloyds Bank to use virtual reality to test applicants for graduate programme

  Bank will use virtual reality to test potential recruits in situations that are otherwise difficult to recreate

• October 10, 2016 10 Oct'16

  More virtualisation to come in mature Australian market

  Australia has been hailed as a rapidly growing market for mobile virtualisation

• October 06, 2016 06 Oct'16

  Swedish bank uses Amelia the robot for customer services

  SEB is using AI software from IPsoft for customer service after a successful internal project

• October 04, 2016 04 Oct'16

  Demand rises for low-cost flash storage across Australia

  Flash storage gains popularity in Australia, as smaller organisations are attracted by lower prices and higher capacity

• September 28, 2016 28 Sep'16

  Mastercard woos software developers with API platform

  Credit card company Mastercard is investing heavily in digital payments and wants to engage with developers and startups

• September 26, 2016 26 Sep'16

  Emirates Islamic bank and the Muslim finance revolution

  The CIO at Dubai-based bank Emirates Islamic tells Computer Weekly how IT is supporting the company through industry change

• September 19, 2016 19 Sep'16

  Consumers trust banks more than government for biometric security

  UK citizens think banks are the best organisations to provide biometric authentication for payments

• September 13, 2016 13 Sep'16

  Banks and fintech firms respect each other, says HSBC boss

  The relationship between banks and fintech companies has sweetened over the past five years with mutual respect evident, says HSBC boss

• September 13, 2016 13 Sep'16

  DNB and Nordea to merge IT operations for Baltic super bank

  Two of the Nordic region’s banks will use joint operations, including IT, to help them grow in the Baltic area

• September 08, 2016 08 Sep'16

  Insurance brokers count cost of lost business as SSP SaaS platform outage enters second week

  SSP confirms to Computer Weekly it has no clear idea when all brokers will be able to continue doing business via its SaaS platform, two weeks on from Solihull datacentre power outage

• September 08, 2016 08 Sep'16

  Bank IT spending to hit $241bn across four major global regions

  IT spending across four major economic regions will increase by around 4% in 2016, but Europe is the least certain

• September 07, 2016 07 Sep'16

  Barclays uses blockchain for trade finance transactions

  Barclays Bank has successfully tested the use of blockchain technology to complete a large trade finance agreement, which promises huge efficiencies

• September 05, 2016 05 Sep'16

  Mobile device use feeds card fraud in Asean region

  Card fraud is rising in Asean countries, with the high use of mobile devices a contributing factor.

• September 02, 2016 02 Sep'16

  Banks should avoid customer service robots for a few more years

  Banking sector should not use software robots to automate customer services such as chat because consumers expect better service levels when it come to their finances

• August 30, 2016 30 Aug'16

  Westpac bank launches Databank data protection service

  Australia's Westpac bank is offering organisations that share customer data a service that it says securely locks down personal information

• August 24, 2016 24 Aug'16

  UK second only to US in DDoS attacks

  Distributed denial of service attacks on UK organisations have eased from a peak in the fourth quarter of 2015, but the UK remains the world’s second most targeted country

• August 19, 2016 19 Aug'16

  Expect ransomware arrests soon, says bitcoin tracking firm Chainalysis

  Law enforcement organisations are set to ramp up arrests of cyber criminals behind ransomware attacks, according to financial technology startup Chainalysis

• August 19, 2016 19 Aug'16

  Police arrest woman in connection with Sage data breach

  A woman has been arrested on suspicion of fraud in connection with a data breach at accounting software firm Sage

• August 15, 2016 15 Aug'16

  Financial sector faces era of cyber mega heists

  Banks and other financial institutions are threatened by a new breed of elite cyber criminals running professional operations that will use any means to achieve their goals, says Barclays security chief