News

IT for financial services

• May 08, 2015 08 May'15

  Use of Halifax mobile banking app doubles

  Halifax customers logged into their bank accounts 40 million times in March 2015, double the amount in the same month in 2014

• May 06, 2015 06 May'15

  EU revamp of payment services draws nearer

  The EU cannot afford to continue with costly payment services if it wants to be globally competitive, says MEP

• April 29, 2015 29 Apr'15

  Time to embrace a new level of IAM, says Martin Kuppinger

  A new level of identity and access management is at hand, yet many businesses still rely on usernames and passwords

• April 29, 2015 29 Apr'15

  Nordea Bank announces digital hire and Apple Watch app

  Nordea Bank hires expertise to strengthen its digital banking team and promotes its digital ambitions with an app for the Apple Watch

• April 27, 2015 27 Apr'15

  Captive IT centre boosts competitiveness at Danske Bank in Denmark

  In 2014, Denmark's Danske Bank announced plans for its own captive centre in Bangalore and is now finalising the move to in-house IT delivery

• April 24, 2015 24 Apr'15

  Poor customer engagement at banks opens door to competitors

  Customer experience levels at banks have failed to improve for the second year in a row and customers are more likely than ever to leave their bank

• April 24, 2015 24 Apr'15

  Changing IT trends power banking in Norway

  Norway's banking system is undergoing a seismic shift in technology as the country aims for a fully digitised society

• April 23, 2015 23 Apr'15

  Mobile malware overhyped, says security company Damballa

  Mobile internet users are 1.3 times more likely to get struck by lightning than infected by mobile malware, research by security firm Damballa finds

• April 22, 2015 22 Apr'15

  Zurich Insurance turns to augmented reality to train 10,000 managers

  The £74bn turnover company aims to harness the capabilities of augmented reality to train 10,000 employees in 170 countries

• April 22, 2015 22 Apr'15

  HSBC website mistake guides customers to porn

  HSBC’s Hong Kong website accidentally featured an out-of-date link that directed people to a porn site

• April 22, 2015 22 Apr'15

  Nationwide extends video link service to 100 more branches

  Nationwide Building Society has expanded the use of video conferencing equipment for customer consultations

• April 21, 2015 21 Apr'15

  SAP core banking platform will ease Deutsche Bank split following strategic retail review

  Deutsche Bank plans a major IT project as strategic review advises spinning off its retail operations – but its SAP platform will ease the split

• April 15, 2015 15 Apr'15

  NCR promises 40% annual savings with thin-client cash machines

  NCR has developed smart thin client cash machines to replacing ageing Windows XP-based ATMs

• April 15, 2015 15 Apr'15

  Liberal Democrats promise to double innovation spend and 99.9% broadband roll-out

  The Liberal Democrats’ general election manifesto promises to double innovation spending and roll out high-speed broadband to 99.9% of homes

• April 15, 2015 15 Apr'15

  Banks hide cyber crime losses, says City of London Police

  Banks obscure the amount of money lost to cyber fraudsters – preferring to write off cyber theft as operating losses – says the City of London Police

• April 14, 2015 14 Apr'15

  Security risk potential linked to young, mobile users

  A study conducted by wireless supplier Aruba Networks has identified a distinct cohort of high-risk, security-agnostic workers

• April 14, 2015 14 Apr'15

  Lintel bank steers clear of traditional bank IT development

  Lintel Bank applies for a UK banking licence and plans to join a growing number of new banks taking on the high street incumbents

• April 08, 2015 08 Apr'15

  Juniper Networks goes after finance market with switch-integrated compute

  Juniper launches a compact compute-integrated network switch to boost performance of sensitive applications for financial institutions

• April 01, 2015 01 Apr'15

  'Bored' RBS investment chairman Rory Cullinan resigns after daughter's Snapchat message goes public

  Royal Bank of Scotland’s investment bank chairman Rory Cullinan leaves after a Snapchat message to his daughter appeared in Instagram

• March 31, 2015 31 Mar'15

  Vodafone adds banking capability to mobile wallet

  Mobile operator Vodafone is enabling its customers to add banking functionality to their Vodafone Wallets

• March 31, 2015 31 Mar'15

  IT is more important than marketing for banks

  IT spending will grow at the expense of other areas such as marketing as optimism in financial services increases

• March 31, 2015 31 Mar'15

  DDoS losses potentially £100k an hour, survey shows

  DDoS attacks could expose 40% of businesses to losses of £100,000 or more an hour at peak times, a survey shows

• March 26, 2015 26 Mar'15

  UK attacks on crypto keys and digital certificates endemic

  All UK security professionals polled in a global survey have responded to attacks on keys and certificates in past two years

• March 25, 2015 25 Mar'15

  Santander launches ISA mobile app

  Spanish banking giant Santander launches a mobile app to help consumers navigate the ISA market

• March 25, 2015 25 Mar'15

  Identity fraud still top UK fraud threat

  Identity fraud continues to be the single biggest fraud threat, according to the latest report by UK fraud prevention service Cifas

• March 25, 2015 25 Mar'15

  Monitise no longer up for sale

  Mobile banking software company Monitise to continue as an independent company rather than seek to be taken over

• March 24, 2015 24 Mar'15

  Dutch bank ING puts HR services in the cloud

  Finance company ING is using cloud-based software from ServiceNow to deliver HR services to its 25,000 staff in the Netherlands

• March 23, 2015 23 Mar'15

  Women have a big part to play in the future of the fintech industry

  International Women’s Day sparks debate around the lack of females holding board-level positions in the fintech sector and elsewhere

• March 23, 2015 23 Mar'15

  Sabadell to migrate TSB IT to proprietary banking platform with £450m sweetener

  Spanish bank Sabadell will move TSB IT systems to its own in-house core banking platform

• March 19, 2015 19 Mar'15

  Current account comparison from Gocompare announced in Budget 2015

  The government used the Budget to announce changes in the banking sector that will increase consumer and business choice

• March 13, 2015 13 Mar'15

  Lookout bets on big data analytics to secure enterprise mobiles

  Mobile security SaaS provider Lookout is betting on its cloud-based big data analytics capability to attract enterprise customers

• March 13, 2015 13 Mar'15

  IBM could create blockchain-based digital payments infrastructure for central banks

  IBM has held informal talks with some central banks about building an infrastructure that can provide them with bitcoin-like digital payments systems

• March 09, 2015 09 Mar'15

  HSBC names replacement CIO for investment bank

  HSBC has named the replacement for the departing CIO of its global banking and markets division, with an internal promotion filling the gap

• March 05, 2015 05 Mar'15

  HSBC seeks new investment banking CIO as Sumeet Chabria leaves

  HSBC is looking for a new IT head in its investment banking arm after Sumeet Chabria decided to leave after 21 years at the bank

• March 04, 2015 04 Mar'15

  Latest new UK bank launches virtually

  Challenger financial services firm Charter Savings Bank has been launched, taking advantage of the lower cost of a virtual presence

• February 27, 2015 27 Feb'15

  Google to launch Android Pay

  Google is expected to launch a payments application programming interface at its I/O conference in May

• February 26, 2015 26 Feb'15

  Bank of England considers issuing digital currency

  The Bank of England could issue its own digital currency in the future, in the same way that it does with bank notes

• February 17, 2015 17 Feb'15

  IBM and Oracle named as potential Monitise buyers

  IBM and Oracle have emerged as potential candidates to take over British mobile software company Monitise

• February 16, 2015 16 Feb'15

  MasterCard to pilot facial, voice and fingerprint authentication

  MasterCard will pilot a biometric authentication and verification tool this year as part of cyber security technology investment

• February 16, 2015 16 Feb'15

  $1bn cyber heist underlines need for detection, say security experts

  The theft of up to $1bn from financial institutions in a daring cyber crime operation underlines the need for monitoring, say security experts

• February 13, 2015 13 Feb'15

  Lloyds Bank launches smartwatch service

  Lloyds Bank will send offers to its mobile banking customers direct to their smartwatches

• February 11, 2015 11 Feb'15

  Lloyds Bank accepts ID documents uploaded on social media

  Lloyds Bank group customers can upload identification documents on technology used in social media, reducing the need to visit a branch

• February 10, 2015 10 Feb'15

  Why peer-to-peer lending is such a threat to banks

  Consumer trust for finance firms has never been high, and since the financial turmoil at the end of the previous decade it has reached rock bottom

• February 06, 2015 06 Feb'15

  Former Lloyds bank and Barclays CIO Darryl West joins HSBC

  HSBC has appointed Darryl West, who left Barclays in December, as CIO

• February 06, 2015 06 Feb'15

  Sweeping trend towards digital banking forces RBS branch closures

  Royal Bank of Scotland "taken aback" by ever-increasing take-up of digital banking and announces additional branch closures across UK

• February 05, 2015 05 Feb'15

  Experiment proves banks cannot take digital first for granted

  Experiment finds majority of banking customers do not fully understand online statements

• February 04, 2015 04 Feb'15

  Tesco Bank suffers computer problems

  Tesco Bank customers are the latest to suffer as a result of IT problems

• February 02, 2015 02 Feb'15

  Former Capital One data analysts charged with mining customer data

  US financial services regulator SEC charges two former employees of financial services firm Capital One with insider trading

• January 29, 2015 29 Jan'15

  Lack of banking app functionality deters users more than security fears

  More people are choosing not to use banking apps because of a lack of functionality than those deciding not to because of security fears, according to a survey

• January 27, 2015 27 Jan'15

  Halifax launches online banking for children

  Halifax has launched an online banking service aimed at helping 11 to 15-year-olds better manage their money