IT for financial services

How AXA Investment Managers supports user experience through the ‘confinement’

The head of AXA IM’s proximity services discusses the importance of creating a digital experience during the lockdown in France Continue Reading

By

• Christophe Verducci

Children’s debit card provider Gohenry banks on Google Cloud to ease IT infrastructure growing pains

The CTO and COO of child-focused, parent-controlled debit card service provider Gohenry discusses how moving to the Google Cloud has helped its IT infrastructure avoid user-related growing pains Continue Reading

By

• Caroline Donnelly, Senior Editor, UK

Norway leaves door open to Huawei

Government gives telecoms companies responsibility to choose their equipment suppliers, which could include Huawei Continue Reading

By

• Gerard O'Dwyer

Over two million Brits using open banking

Data shows more than two million people in the UK are now taking control of their financial data through open banking Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

NatWest offers online banking customers free security services

Bank responds to a surge in cyber crime targeting users of online banking services Continue Reading

By

• Alex Scroxton, Security Editor

Can banks solve money laundering puzzle through technology?

Banks face a huge challenge in identifying and stopping money laundering without interfering with police investigations. Continue Reading

How supply chain management is changing after Covid-19

In this week’s Computer Weekly, we examine the profound changes in supply chain management as a result of the global pandemic. We find out how digital experience platforms can help deliver an omni-channel web presence. And we look at the role of technology in cracking down on international money laundering. Read the issue now. Continue Reading

Can banks solve money laundering puzzle through technology?

Banks face a huge challenge in identifying and stopping money laundering without interfering with police investigations Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Over half of firms intend to continue US data transfers despite Schrems II

Survey shows many organisations do not intend to significantly change their data-sharing practices, at least until there is more guidance from regulators or governments Continue Reading

By

• Sebastian Klovig Skelton, Data & ethics editor

Latest Tech Nation fintech cohort reflects diversifying sector

The latest group of fintechs accepted into Tech Nation’s growth programme reflects the diversification of a maturing sector Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banks stall return-to-work plans as UK government changes advice

Banks pause plans to bring staff back to the office as the government backtracks on its policy Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Top 10 skills to include in your IT CV

Find out what skills and keywords you should include on your CV to stand out as an IT professional in a competitive market Continue Reading

By

• Mike Podesto

Royal Mint coin production freeze points to digital future for small payments

Royal Mint freezes production of certain coins as demand dries up amid changing consumer habits Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Swedish bank cuts branches and jobs, increases IT spend

Swedish bank is increasing investment IT to improve digital banking as it reduces its branch network Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banks report surge in impersonation scams

Fraudsters are using the Covid-19 crisis to trick people into transferring money to them Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Deutsche Bӧrse tackles VMware application migration with Google Cloud

German financial exchange firm provides an update on its progress in its move to embrace a hybrid IT and multicloud future Continue Reading

By

• Caroline Donnelly, Senior Editor, UK

Fintech Pledge launched to strengthen UK’s financial technology sector

The Fintech Pledge initiative is designed to foster closer collaboration between banks and fintechs so that the UK can continue building a globally competitive fintech ecosystem Continue Reading

By

• Sebastian Klovig Skelton, Data & ethics editor

IT expertise in banking boardrooms reduces risk, finds Europe’s central bank

Banks with more IT knowledge in the boardroom are more realistic about risk, according to Europe’s banking regulator Continue Reading

CW Europe: IT expertise in banks’ boardrooms reduces risk, says European regulator

Banks have for many years been underpinned by vast IT operations, but in the age of digital banking the IT is now front, centre and back of operations. It is therefore surprising that there are relatively few IT professionals sitting on the boards of Europe’s big banks. Read the issue now. Continue Reading

Santander to double investment in fintechs

Santander is doubling the amount of money it invests in fintech startups after the success of its funding arm, which was established in 2014 Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Branch-based anti-fraud scheme to be expanded to online banking

A successful branch-based anti-fraud scheme will be expanded by banks to include online and telephone banking Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Abu Dhabi government launches peer-to-peer coding campus

Abu Dhabi government launches a specialist programming school that uses peer-to-peer teaching methods and gamification Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Nordic banks invest and innovate to keep digital rivals at bay

Large traditional banks are accelerating their digital transformations as the regional fintech sector makes its presence felt Continue Reading

By

• Gerard O'Dwyer

Artificial intelligence keeps HSBC ATMs stocked with cash

HSBC is using artificial intelligence technology developed in-house to help it make sure ATMs are appropriately stocked with cash Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Dutch bank set to save €5m via Veeam backup upgrade

Rabobank ditched legacy backup where patching took months and restores took hours. Those times are now cut down massively and the bank has a readily available test environment Continue Reading

By

• Antony Adshead, Storage Editor

Covid-19 has strained London tech firms but they have central role in recovery

London tech startups are feeling the effects of the economic slowdown brought on by Covid-19, but there is a huge opportunity for those with the right focus Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Virtual London Tech Week is a sign of the future

London Tech week's virtual event is another sign of how the Covid-19 pandemic has accelerated digital transformation Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Phishing scam targets Lloyds Bank customers

Bank customers warned of emails and SMS messages that direct them to a fraudulent site and then request account log-in details Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Insurers accept they were slow to adopt digital

Insurance companies know they must prioritise digital investment and are planning in-house development to help make up lost ground Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK to build commercially available quantum computer

The UK government is backing a quantum computing project that will provide businesses with access to the technology Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UBS streamlines software product development with GitLab

The bank hopes to double the speed of software development, testing and deployment to support applications for clients Continue Reading

By

• Cliff Saran, Managing Editor

Norway’s corporates want government to support ‘herd immunity’ to cyber attack

Leading business organisations in Norway call on government to play a more active role in improving and coordinating the country’s cyber defences Continue Reading

By

• Gerard O'Dwyer

How Bank Mandiri is driving the use of big data analytics

Indonesia’s largest bank has built a big data platform to track transactions and monitor the health of its workforce, among other big data analytics initiatives Continue Reading

By

• Aaron Tan, TechTarget

How India’s Tata Capital is expanding its digital footprint

Tata Group’s financial services arm has been migrating branch walk-ins and voice calls to self-service digital channels staffed by chatbots as it expands its digital footprint Continue Reading

By

• Pratima Harigunani

New Zealand activates security services as DDoS outage enters fourth day

New Zealand government calls in its national cyber security agencies to help investigate a continuing cyber attack on the country’s financial systems Continue Reading

By

• Alex Scroxton, Security Editor

DDoS downs New Zealand stock exchange for third day

Distributed denial of service attack from overseas has left stock exchange offline for days Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Financial services business leaders and CIOs disagree on IT infrastructure

IT leaders and senior business executives need to align their technology infrastructure priorities as businesses attempt to emerge from the Covid-19 crisis Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CTO interview: David Rafalovsky, Sberbank Group

Russia’s Sberbank is well into its digital transformation journey, with artificial intelligence and supercomputing now at the centre of its plans Continue Reading

By

• Vladimir Kozlov

Co-operative cuts branch network and jobs

Co-operative bank will rely more heavily on its digital channels as 18 more branches are shuttered Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

North Korea’s Lazarus targets cryptocurrency vertical

APT group behind the infamous WannaCry incident is targeting cryptocurrency operators, according to new research Continue Reading

By

• Alex Scroxton, Security Editor

DBS Bank teams up with AWS on AI skills

Singapore’s DBS Bank is organising an AWS DeepRacer League to equip thousands of employees with skills in artificial intelligence and machine learning Continue Reading

By

• Aaron Tan, TechTarget

Executive interview: Sri Shivananda, chief technology officer, PayPal

Computer Weekly talks to PayPal’s tech head about the payment provider’s SOA, security, open source and the lockdown Continue Reading

By

• Cliff Saran, Managing Editor

Gov.uk Verify continues to pose ‘notable risk’ to Cabinet Office

Government Digital Service put in place “unprecedented measures” in response to the Covid-19 coronavirus pandemic and built several new digital services, but its Gov.uk Verify programme continues to “pose notable risk” to the department, according to Cabinet Office annual report Continue Reading

By

• Lis Evenstad

Cyber attack combined with Covid-19 puts Travelex into administration

Foreign exchange firm Travelex has cut UK staff by 1,300 and physical outlets will remain closed Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Challenger bank sees huge growth during pandemic

Starling Bank has seen a big increase in its business amid the Covid-19 slowdown Continue Reading

Netherlands investigates innovative privacy technology SSI

Dutch research organisation is looking into areas where self-sovereign identity technology could be used in society and business Continue Reading

By

• Kim Loohuis

Egypt’s datacentre plans take key step forward

Government lays the foundations for a datacentre industry with its new data protection law Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Brits, terrified of impact of second Covid-19 wave on finances, turn to money management apps

People are using apps to help them manage their money amid fears of a second coronavirus lockdown in the UK Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Google links with eight US banks for current accounts

Tech giant works with banks to layer digital services on top of secure and regulated banking infrastructures Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Barclays CEO says Canary Wharf office set to stay despite home working success

Barclays chief says the success of home working during the Covid-19 pandemic has taught the banks lessons, one of which is that major centres like Canary Wharf will remain Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Finland government funds work on potential quantum leap

Finland's government is committing money to the development of quantum computing technologies to potentially provide a giant leap for the nation's industries Continue Reading

By

• Gerard O'Dwyer

Accenture selected for key role in Bank of England core settlement system replacement

Accenture will be technology delivery partner in project to replace the core system used to settle payments between banks Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Bank of Ireland fined for six-year-old IT breach

Bank of Ireland fined by regulator for its failings to prevent fraud six years ago Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Digital bank customer data breached through third party

FBI is investigating digital bank customer data breach that occurred via a former third-party supplier Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK government aims fintech industry at Africa

UK government is building fintech relationships with developing countries, beginning with a pilot programme in Africa Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Meet the CIO connecting IT in the most inhospitable environments

In this week’s Computer Weekly, we discuss the challenges of running global IT in the world of copper mining. We look at how tech suppliers are adapting their products to meet the lockdown demands of working from home. And we exam-ine how zero-trust methods can help secure container tech-nology. Read the issue now. Continue Reading

CIO interview: Hany Choueiri, chief data officer, Aldermore Bank

Digital transformation, cloud and data science are central to the specialist bank's response to the coronavirus pandemic Continue Reading

By

• Mark Samuels

UK fintech investment down by more than 30%

Less-established fintechs have been hit the hardest by the drop in investment capital, but there is light ahead for those that survive Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

IT expertise in banking boardrooms reduces risk, finds Europe’s central bank

Banks with more IT knowledge in the boardroom are more realistic about risk, according to Europe’s banking regulator Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CTO interview: TransferGo’s Edgardo Savoy discusses skills and product innovation

Improved user experience has opened up tech to many people, but ease of use distances young people from the tech going on under the hood Continue Reading

By

• Cliff Saran, Managing Editor

Lloyds bank buys into cloud-native payments

Lloyds Banking Group continues its digital journey by investing in and investigating a cloud-based payments service Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

New opportunities for Nordic startups post-Covid-19 as virtual offices become the norm

As companies adjust to digital office life in the pandemic era, a host of Nordic startups are already helping them convert these short-term fixes into long-term strategy Continue Reading

By

• Matthew Staff

BNP Paribas joins IBM financial services cloud project

IBM’s financial services cloud is gathering steam as more banks join its public cloud ecosystem of finance firms and developers Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Why now could be the right time to launch a digital bank

Launching a bank during a global crisis is fraught with risk, but an established customer base, experience, agility and diversification could help Zopa do just that Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

HMRC extends Making Tax Digital programme

Programme to be extended gradually until April 2023 to cover business below the VAT threshold and income tax self-assessments above £10,000 a year Continue Reading

By

• Lis Evenstad

Santander consumer arm to automate further after Nordic project

Time and cost savings achieved by RPA pilot were high and customer experience improved, says bank Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Government launches fintech review

Sector review, first touted in the 2020 Budget, aims to find ways to boost competitiveness and growth Continue Reading

By

• Lis Evenstad

BBVA explores quantum computing for banking

Early results from BBVA's research into quantum computing shows that the technology's application in complex computational tasks in banking is not far away Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

IR35 private sector reforms: Government response to Finance Bill Sub-Committee inquiry slammed

Contracting stakeholders claim HMRC and HM Treasury are ‘burying their heads in the sand’ over impact IR35 reforms are set to have on the private sector Continue Reading

By

• Caroline Donnelly, Senior Editor, UK

Banks face fairness challenges as they commit to AI technology

Banks working with artificial intelligence technology face governance challenges to ensure AI-based decisions are fair and ethical Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Room for improvement in Dutch digital skills

The Netherlands has good telecommunications and IT networks that can be used safely and reliably, but there is room for improvement in digital skills among the Dutch Continue Reading

By

• Kim Loohuis

Huge declines in traditional outsourcing as Covid-19 puts a stop on deals

Traditional IT outsourcing deals value plummets in the last quarter as contracts dry up amid Covid-19 disruption Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

HSBC chooses AWS for public cloud business operations

HSBC will use a cloud platform from Amazon Web Services across its business operations to accelerate its public cloud use Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Singapore’s Project Ubin hits commercialisation milestone

A blockchain payments network prototype spearheaded by Singapore’s central bank and its partners could speed up and lower the cost of cross-border payments Continue Reading

By

• Aaron Tan, TechTarget

Standard Chartered latest bank to explore quantum computing

Standard Chartered is working with researchers to establish use cases for quantum computing in the banking sector Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

HSBC customers targeted in new smishing scam

SMS phishing scam is targeting HSBC customers in the UK to trick them into handing over their bank account details Continue Reading

By

• Alex Scroxton, Security Editor

Locked-down Nationwide staff make 2.5 million video calls in June

Home-working technologies are no longer just a contingency for large companies, with future working practices set to change Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Dutch banking’s transaction monitoring utility gets green light

Plans for a shared utility to monitor financial transactions in the Netherlands have been given the go-ahead after six months of proving the concept Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Most finance firms are multicloud, but many are unprepared for public cloud cyber attacks

Financial services firms are moving to the cloud at pace, but many are uncertain whether they could cope with an attack on an application based in the public cloud Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CW Middle East: Facing up to coronavirus

The UAE, like the rest of the world, continues to be heavily impacted by the fallout of the Covid-19 pandemic – and technology is helping to lead the fight. Also read why the the Abu Dhabi National Oil Company sees its flagship digital project in high demand, and how the coronavirus has spurred the use of financial technology in Bahrain. Continue Reading

Tencent Cloud teams up with ADBC on banking services

Singapore’s Asia Digital Bank Corporation could leverage Tencent Cloud’s financial cloud platform to provide banking services to small businesses Continue Reading

By

• Aaron Tan, TechTarget

Coronavirus: Bahrain sees fintech take-up surge amid Covid-19 crisis

 Continue Reading

Over 15 billion credentials for sale on dark web

Research by Digital Shadows reveals the scale of the security threat facing consumers as it uncovers 15 billion usernames and passwords stolen in more than 100,000 different data breaches Continue Reading

By

• Alex Scroxton, Security Editor

Auditing for algorithmic discrimination

Despite the abundance of decision-making algorithms with social impacts, many companies are not conducting specific audits for bias and discrimination that can help mitigate their potentially negative consequences Continue Reading

By

• Sebastian Klovig Skelton, Data & ethics editor

Banks need to think like Google and not just follow it

Banks are recruiting senior thinkers from within the IT sector as digital transformations mature Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

MSP Xchanging attacked in ransomware incident

Specialist managed services provider is restoring customer access to systems after an unspecified ransomware incident Continue Reading

By

• Alex Scroxton, Security Editor

Société Générale acquires fintech challenger bank

French bank acquires Shine to expand its services to small businesses and entrepreneurs Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

FCA estimates about 2.6 million Brits have bought cryptocurrency

UK financial services regulator says there has been a significant increase in ownership of cryptocurrencies in the UK Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

BNP Paribas uses biometrics to increase contactless payment limit

French bank BNP Paribas is enabling customers to make higher value contactless payments through fingerprint-recognition technology Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Standard Chartered embarks on virtual internship programme

Bank offers 300 candidates virtual placements on internship programme Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Peer-to-peer lender Zopa gets full banking licence

Peer-to-peer lending pioneer works towards creating the ‘Netflix of banking’ Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Nordic business is leading open banking charge in Europe

Nordic region has the right ingredients to prove open banking can benefit consumers, businesses and the economy Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Datacentre investment boost as Norway’s government reinstates tax relief

Government reinstates datacentre energy tax relief for cryptocurrency mining organisations after investments in the country’s datacentres drops Continue Reading

By

• Gerard O'Dwyer

Danske Bank begins process of creating autonomous development teams

Danish bank begins the process of changing how thousands of its staff work as it attempts to be more responsive to digital demand Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banking trojans roar back to prominence in May

Check Point sees an upswing in malicious activity around a number of classic banking trojan malware variants Continue Reading

By

• Alex Scroxton, Security Editor

NatWest develops behavioural biometrics as additional authentication

Bank is working with Visa to develop behavioural biometrics technology as an extra layer of invisible authentication Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Brits get used to life without cash

British people are getting used to life without cash, as the Covid-19 lockdown forces the adoption of digital payments Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Santander to recruit 3,000 more IT staff

Spanish bank to recruit a further 3,000 tech staff globally to accelerate its digital transformation Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Fake contact-tracing apps delivering banking trojans

Spoof government coronavirus apps are popping up all over the world, says the Anomali Threat Research team Continue Reading

By

• Alex Scroxton, Security Editor

Tech firms respond to Nordic government calls

Nordic firms are working with tech suppliers to help them get back up and running after Covid-19 Continue Reading

By

• Gerard O'Dwyer