News

IT for financial services

• June 07, 2023 07 Jun'23

  NatWest and University of Edinburgh form partnership to research data use in banking sector

  Scottish university and banking group set up research centre that will aim to improve the use of banking data

• June 07, 2023 07 Jun'23

  Open banking regulator sets out next steps

  Plans for ongoing evolution of the UK open banking sector have been set out by regulator in bid to grow the open banking sector in a ‘safe, scalable and economically sustainable way’

• June 07, 2023 07 Jun'23

  Payments regulator makes APP fraud reimbursement mandatory

  UK payments regulator confirms changes to rules around repaying customers who lose money to authorised push payment fraudsters

• June 06, 2023 06 Jun'23

  Indian IT services giant takes UK teachers’ pensions contract from Capita

  Tata Consultancy Services bolsters its growing UK public sector customer base with key contract win

• June 06, 2023 06 Jun'23

  Mercedes Pay turns vehicles into payment devices

  German car manufacturer add contactless payment feature to enable drivers to find and book parking spaces and pay automatically when they arrive

• June 05, 2023 05 Jun'23

  Bank of International Settlement sets up channel secure from quantum breach

  The Bank of International Settlement has worked with two of Europe's central banks to explore preventing the security risks posed by quantum computers

• June 05, 2023 05 Jun'23

  UK has time limit on ensuring cryptocurrency regulatory leadership, says Parliamentary report

  Parliamentary report makes 53 recommendations to the government's plans to regulate cryptocurrency

• June 05, 2023 05 Jun'23

  Sweden is developing its own big language model

  Artificial Intelligence Sweden is leading an initiative to build a large language model not only for Swedish, but for all the major languages in the Nordic region: Danish, Swedish, Norwegian, Icelandic, and Faroese

• June 01, 2023 01 Jun'23

  HSBC explores quantum computing for finance sector

  UK banking giant works with quantum computing specialist to explore the technology’s potential in the finance sector

• May 31, 2023 31 May'23

  Lloyds Bank calls on tech companies to control social media ‘wild west’

  Lloyds Banking Group is calling on tech giants to step forward in the fight against online fraud, which emanates in the social media ‘wild west’

• May 30, 2023 30 May'23

  Europe’s central bank reveals drop in Euro Zone card fraud

  Euro Zone card fraud drops with card-not-present scams down following the introduction of Strong Customer Authentication rules

• May 30, 2023 30 May'23

  Downstream breaches of Capita customers spreading

  As many as 90 organisations that used Capita services have now reported data breaches arising from various security incidents at the outsourcer

• May 30, 2023 30 May'23

  Tech jobs to go as part of JPMorgan layoffs

  According to reports, US banking giant to cut hundreds of jobs, including role reductions in technology and operations

• May 25, 2023 25 May'23

  Fintech pioneer Anne Boden steps aside from challenger bank CEO role

  Fintech pioneer to step aside for a new CEO after 10 years building a UK banking unicorn

• May 24, 2023 24 May'23

  Kuwait bank introduces biometric payments card

  Middle East bank launches payment cards with fingerprint sensor technology embedded

• May 24, 2023 24 May'23

  JPMorgan’s UK digital retail bank adds more than a million customers in a year

  The app-based bank launched in the UK by US giant JPMorgan has added one million customers in the past 12 months

• May 23, 2023 23 May'23

  Visa to recruit 1,500 tech staff in Poland

  Visa’s latest global tech hub will recruit up to 1,500 staff, with focus on artificial intelligence, cyber security, and resilience in payments and ecommerce sectors

• May 10, 2023 10 May'23

  UKtech50 2023: Vote for the most influential person in UK technology

  Our judges have selected the top 50 leaders from a shortlist of more than 300 people – now it’s your chance to tell us who you think is the most influential person in UK technology

• May 10, 2023 10 May'23

  Black Basta ransomware attack to cost Capita over £15m

  Exceptional costs arising from the March 2023 Black Basta ransomware attack on the systems of outsourcer Capita will be somewhere between £15m and £20m, the organisation says

• May 09, 2023 09 May'23

  UKtech50 2023: The longlist of the UK’s influential tech leaders

  Each year, Computer Weekly launches a search for the most influential people in UK IT, asking the tech community who it thinks should be in the top 50 – here is the longlist of everyone nominated for 2023

• May 05, 2023 05 May'23

  Capita pension clients told data may have leaked

  Capita has told trustees of some of the pension funds for which it provides outsourced services that their customer data may have been stolen by the Black Basta ransomware operation

• May 05, 2023 05 May'23

  Open banking use to increase 470% in next four years, driven from Europe

  Europe is leading the surge in the take-up of API-based open banking services, according to Juniper Research

• May 05, 2023 05 May'23

  Santander reports increase in scams and admits fraud head was impersonated

  Santander has reported an increase in impersonation scams, and admitted its own head of fraud was impersonated by a fraudster

• May 04, 2023 04 May'23

  Age UK calls for physical banking hubs as older people demand face-to-face banking

  UK charity calls for banks and government to speed up the introduction of physical banking hubs as research reveals millions of older people don’t bank online

• May 03, 2023 03 May'23

  Government anti-fraud strategy targets the tech behind the scams

  The UK government’s anti-fraud strategy proposes to make it much harder for criminals to target their victims by cracking down on the exploitation of technology

• April 27, 2023 27 Apr'23

  Zopa’s emotional journey to becoming a bank

  Zopa Bank’s CEO sees no reason why the app-based bank should not be as big as the high street giants

• April 25, 2023 25 Apr'23

  Lloyds Bank joins industry IT standards group

  UK banking giant Lloyds Banking Group has joined an industry group which promotes global IT standards

• April 20, 2023 20 Apr'23

  Banks don’t want to develop fintech in-house

  Banks are increasingly partnering with fintechs to gain access to their platforms, with few interested in developing such capabilities in-house

• April 20, 2023 20 Apr'23

  UK SMEs are the most tech savvy in Europe

  UK SMEs have taken to contactless payments faster than their counterparts in continental Europe

• April 19, 2023 19 Apr'23

  IT Priorities 2023: Budget optimism among EMEA IT leaders

  IT leaders across the EMEA region are optimistic that their budgets will increase over the coming year

• April 19, 2023 19 Apr'23

  Global finance firms take part in NATO cyber attack simulation

  Global financial services organisations take part in NATO annual event which simulates cyber attacks on critical infrastructure

• April 18, 2023 18 Apr'23

  Fintechs get more certainty about open banking’s future direction

  Fintechs have welcomed the UK open banking regulators recommendations for the future of the sector

• April 18, 2023 18 Apr'23

  Reduced spending on cloud services weighs European IT services market down

  Reduced spending on cloud services in the EMEA region meant a year-on-year drop in total IT and BPO services spend

• April 14, 2023 14 Apr'23

  Former TSB CIO fined for migration meltdown

  Both TSB and its CIO have now been fined for the catastrophic migration of TSB’s core banking system

• April 13, 2023 13 Apr'23

  Thousands at risk from critical RCE bug in legacy MS service

  Thousands of organisations worldwide are at risk from three vulnerabilities – one critical – in a legacy Microsoft service that they may not be aware they are running

• April 13, 2023 13 Apr'23

  Three charged over banking fraud for hire website

  UK authorities have charged three men in connection with the operation of a website that sold social engineering tools to cyber fraudsters

• April 13, 2023 13 Apr'23

  Sweden and Finland make advances in quantum computing

  Separate Swedish and Finnish quantum computing projects make promising advances in the technology of the future

• April 12, 2023 12 Apr'23

  April Patch Tuesday fixes zero-day used to deliver ransomware

  A zero-day in the Microsoft Common Log File System that has been abused by the operator of the Nokoyawa ransomware is among 97 vulnerabilities fixed in April’s Patch Tuesday update

• April 12, 2023 12 Apr'23

  Gartner: Rebalance cyber investment towards human-centric elements

  Security decision-makers need to reprioritise their investment outlooks towards people, rather than technology, according to the latest market forecast from Gartner

• April 12, 2023 12 Apr'23

  Bank of England starts recruiting Britcoin team

  The Bank of England is recruiting people to join its team focused on the development of a digital pound

• April 12, 2023 12 Apr'23

  Deutsche Bank to close Russian software operations

  German bank has been winding down its Russia-based software development operations and is close to shutting them down

• April 11, 2023 11 Apr'23

  UKtech50 2023: Help us find the most influential people in UK IT

  Computer Weekly’s annual search for the 50 most influential people in UK IT is back – let us know who you would like to nominate for this year’s list

• April 11, 2023 11 Apr'23

  Experian names AWS as preferred cloud partner for multi-year off-premise migration project

  Credit reporting agency Experian is embarking on a multi-year cloud migration project with AWS

• April 05, 2023 05 Apr'23

  Quick-acting Rorschach ransomware appears out of nowhere

  Emergent Rorschach ransomware strain is highly advanced and quite unusual in its capabilities, warn researchers, who say they have been unable to link it to any other known strains

• April 05, 2023 05 Apr'23

  Nordic app-based bank offloads its peer-to-peer lending business

  Danish fintech Lunar has sold its peer-to-peer lending business to Sweden’s SaveLend

• April 04, 2023 04 Apr'23

  Threat researchers dissect anatomy of a Royal ransomware attack

  Trellix researchers share the inside track on a Royal ransomware attack that hit one of its customers in late 2022

• April 04, 2023 04 Apr'23

  UAE central bank selects partners for phase one of digital currency programme

  The UAE central bank has kicked off the first phase of its project to launch a digital currency

• April 04, 2023 04 Apr'23

  Over 90% of organisations find threat hunting a challenge

  Understaffed security teams and high levels of background noise are making basic security operations tasks a chore for defenders, according to a report

• April 03, 2023 03 Apr'23

  Lloyds and NatWest banks join Barclays in latest round of branch closures

  Lloyds and NatWest banks announce more branch closures as UK high streets continue to be stripped of banking services

• March 31, 2023 31 Mar'23

  Generative AI central to Accenture’s tech vision

  Generative AI will play a central role over the next 10 years as the digital and physical world become more and more integrated