IT for financial services

TSB takes another £36m hit related to botched IT migration

TSB has been stung for another £36m in costs related to its botched IT migration last year, but managed a profit in its latest six monthly results Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

WannaCry hero Marcus Hutchins spared jail

British security researcher who helped halt the global WannaCry ransomware attack that hit the NHS in 2017 has avoided jail in the US for creating other malware Continue Reading

By

• Warwick Ashford, Senior analyst

Surge in UK businesses switching bank account providers

The UK system that makes it easy to change bank account has seen a surge in businesses taking up the service Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Santander brings global digital services under one roof

Spanish banking giant Santander Group is creating a global digital unit as part of its transformation plans Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Innovate Finance expands national network with three regions added

Innovate Finance is continuing to expand its network of fintechs with agreements with three regional hubs Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Smart technology will transform Dutch neighbourhood

A programme in the Netherlands is creating a smart neighbourhood as a pilot for how people could live in the future Continue Reading

By

• Kim Loohuis

Morgan Stanley uses Box to power new Digital Vault

Bank has integrated the Box collaboration platform to provide a new, secure document-sharing service for its customers Continue Reading

By

• Cliff Saran, Managing Editor

Latest investments in Atom Bank will support cloud platform project

Bank has raised £50m more finance, which will contribute to funding its project to migrate to the cloud Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Most security pros still concerned about public cloud security

Despite accelerated adoption of public cloud services by companies keen to benefit from increased efficiency, scalability and agility, most security professionals have reservations Continue Reading

By

• Warwick Ashford, Senior analyst

Facebook accused of ‘breathtaking arrogance’ over Libra cryptocurrency plan

US senators grill Facebook’s David Marcus over social media giant’s plans to launch cryptocurrency Continue Reading

By

• Sebastian Klovig Skelton, Data & ethics editor

Latest UK fintech investment figures reflect the evolution of the sector

Investment patterns in the UK fintech sector reveals how the businesses in it are maturing Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Deutsche Bank’s public contraction is a major landmark for fintech

German bank is cutting costs overall but is investing more in the latest digital technology as fintechs chip away at banking business Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Manchester Metrolink gets contactless payments technology

Travellers using Manchester’s trams can now complete their journeys using contactless payment Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Organisations turn to AI in race against cyber attackers

Businesses are racing to automate their defences as hackers and nation states launch increasingly sophisticated cyber attacks Continue Reading

By

• Bill Goodwin, Computer Weekly

SD-WAN in play: How software-defined solves core business challenges

For foodservice business HMSHost International and chemical products firm Element Solutions, both customers of networking supplier Aryaka, software-defined wide area networking technology is proving its mettle when it comes to solving core business challenges. Find out how. Continue Reading

By

• Alex Scroxton, Security Editor

Blockchain.com banks on Google cloud to support growth of cryptocurrency management platform

Blockchain.com reveals details of how it is ramping up its use of the Google Cloud Platform as the range of cryptocurrencies it supports grows, along with the size of its user base Continue Reading

By

• Caroline Donnelly, Senior Editor, UK

Sweden’s SEB bank uses mob programming across business

Hack day sees 70 developers successfully demonstrate mob programming method that banking group is now using to develop applications in an agile way Continue Reading

By

• Computer Weekly Staff

Securing your mobile estate – best practice for CIOs

The prevalence of mobile devices in every part of daily life is shaping how enterprises make choices about software and network infrastructure, but how do businesses go about securing these vast new endpoint estates? Continue Reading

By

• Christian Annesley

Zopa gets in-house tech ready for 2019 bank launch

Peer-to-peer lender tests out banking platforms in anticipation of launching products in the UK before the end of this year Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Dutch privacy watchdog tells banks not to use customer payment data for marketing

Autoriteit Persoonsgegevens tells banks to respect client privacy and not to market products based on spending data Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

People that have never heard of the cloud enjoy cloud services, so why should open banking differ?

Open banking has some way to go before and banks' shouldn't pin all their hopes on Millennials Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Deutsche Bank cuts jobs but increases tech spend

Deutsche Bank is making swingeing cuts to its workforce over the next two and a half years and has pinned its hopes on the latest technology to make it possible. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Challenger bank shuts up shop in UK amid uncertainty

Digital bank Fidor is ending its time in the UK, blaming uncertainties in the market Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Fintech pioneer helps to give fintech treatment to debt financing after Fidor sale

The founder of digital bank Fidor has turned his attention to fixing the inefficiencies of debt processing at banks through technology and empathy Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Why Facebook’s Libra digital currency could run rings round the regulators

Facebook’s cryptocurrency isn’t really a cryptocurrency, nor is it really a money transfer network, but it’s been formulated in such a way that regulators might not be able to do anything to stop it Continue Reading

By

• Tim Worstall, Adam Smith Institute

Nordic payments tie-up as Nets and Swish collaborate

Payments provider and app developer work together to test out mobile phone-based in-store payments system Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Implementing IoT – overcoming barriers to commercial adoption

Tim Wright from the Institute of Telecoms Professionals reports from a recent seminar exploring questions around the barriers to commercial, at-scale adoption of the internet of things, and how to overcome them Continue Reading

By

• Tim Wright, Institute of Telecommunications Professionals

Why PSD2 adoption in the Netherlands is lagging behind

The Netherlands appears to be falling behind in open banking, even though the Dutch are digitally proficient and are often early adopters of new technology. What is going on? Continue Reading

By

• Kim Loohuis

What do the fintechs think of Facebook’s cryptocurrency Libra?

Fintechs welcome Facebook Libra but realise the scale of the social media giant's challenge to make it work Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CPS faces legal ruling over refusal to disclose emails with US on WikiLeaks and Assange extradition

A court will decide whether the Crown Prosecution Service can refuse to neither confirm nor deny the existence of correspondence with US on investigations into Julian Assange and WikiLeaks Continue Reading

By

• Bill Goodwin, Computer Weekly

Few UK firms are cyber insured despite financial losses

More than one-fifth of UK firms have been impacted financially by cyber attacks, yet potentially more than three-quarters of companies polled have never been insured for cyber-related losses Continue Reading

By

• Warwick Ashford, Senior analyst

Huge jump in cyber incidents reported by finance sector

The number of cyber incidents reported by financial services firms increased nearly 12-fold in 2018 from 2017, mainly due to third-party failures, highlighting several key areas that need improvement Continue Reading

By

• Warwick Ashford, Senior analyst

How to get the basics of mobile device management right the first time

When adopting mobile device management, there are often fears around implementation and whether or not the strategy is even required Continue Reading

By

• Rene Millman

The Great Eastern way to digital transformation

Regional insurance company Great Eastern has rolled out a new digital platform to better serve customers while morphing its DNA from the inside out Continue Reading

By

• Aaron Tan, TechTarget

Visa modernises B2B global payments through open source blockchain

Visa is modernising cross-border business-to-business payments, with blockchain used to connect participating corporate Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

TIN coalition calls for industry action against cyber fraud

An industry group aimed at improving cyber security by tackling enduring challenges has called for collaboration in the fight against cyber fraud Continue Reading

By

• Warwick Ashford, Senior analyst

Exploring UCaaS: The main benefits for enterprises

Getting unified communications-as-a-service right can mean more agility, higher productivity, and cost control Continue Reading

By

• Rene Millman

Interview: Yasmeen Al Sharaf, head of fintech and innovation unit, Central Bank of Bahrain

Yasmeen Al Sharaf heads up financial technology strategy at Bahrain’s central bank, which is on a mission to grow and diversify the sector in the Middle East island state Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Dutch bank and researchers begin defence against quantum computing’s dark side

ABN Amro is working with QuTech to ensure that banks can protect data against quantum computers in the future Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The ID Co passport to travel the internet: Fintech interview 23

The ID Co is offering businesses technology that has the potential of getting a mortgage approval in seconds Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Commercial interests put customer security at risk, survey shows

Firms are bypassing security to push products and services into the market, increasing security risks for the organisation and its customers, a poll of information security professionals shows Continue Reading

By

• Warwick Ashford, Senior analyst

Open banking could generate £18bn in value for UK SMEs and citizens

Consumers and SMEs could generate billions of pounds in value if open banking adoption reaches its potential Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Wider threat campaign behind Wipro breach

A sophisticated, far-ranging threat campaign was behind the breach at Indian IT services firm Wipro in April, which was not an isolated incident, RiskIQ report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Nordic public dispels fears over AI and welcomes its advance

People in the Nordic countries are more welcoming and less fearful of the advance of artificial intelligence than those in other regions Continue Reading

By

• Gerard O'Dwyer

Scepticism and the challenges beyond for Facebook’s Libra

Facebook faces major hurdles to make Libra a success even if it overcomes the rampant scepitisim Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Six arrested over €24m cryptocurrency theft

Police have arrested six people in the UK and the Netherlands in connection with the theft of cryptocurrency worth €24m Continue Reading

By

• Warwick Ashford, Senior analyst

Half of Dutch IT decision-makers can’t explain blockchain technology

IT decision-makers in the Netherlands know that blockchain has significant benefits, but half don’t understand how to apply it Continue Reading

By

• Kim Loohuis

Three Finnish banks, one core IT platform

Can a shared core IT platform enable three Finnish banks to become more efficient yet maintain individual competitiveness? Continue Reading

By

• Alex Cruickshank

Saudi banks trial blockchain-based identity technology at ATMs

Biometric and blockchain technologies are being used in tandem to provide ID verification at Saudi Arabian cash machines Continue Reading

By

• Alicia Buller

UK firms downloading vulnerable open source software

Vulnerable open source software components are posing a security threat to UK firms, according to a report that also shows how best practice, including automation, can reduce the risk Continue Reading

By

• Warwick Ashford, Senior analyst

Nominations open for UK’s security unsung heroes

The Security Serious cyber awareness campaign has opened nominations for the fourth annual cyber security Unsung Heroes awards Continue Reading

By

• Warwick Ashford, Senior analyst

Disaster planning: How to expect the unexpected

Focusing too much on specific disasters rather than considering an organisation’s data protection, network security and process requirements, can lead to unpredicted vulnerabilities Continue Reading

By

• Peter Ray Allison

Lloyds Bank uses community effort to push out DevOps

The developers and IT operations teams were once separate. Now they are one. The challenge is getting this to scale across the business Continue Reading

By

• Cliff Saran, Managing Editor

Looming private sector IR35 reforms prompts calls for gig economy-focused tax system overhaul

The growth of the gig-based economy has exposed weaknesses in the UK tax system – exacerbated by the IR35 reforms – that mean an overhaul is needed, panel claims Continue Reading

By

• Caroline Donnelly, Senior Editor, UK

Fintech IT chiefs earn more than chief financial officers

Fintech IT heads are the top earners but this will change as the industry matures and needs for different skills Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Luxembourg tech startups get premium connections

Luxembourg is at the centre of a continent with ambitious plans to develop a thriving tech industry, but what makes it different? Continue Reading

By

• Richard Edwards, Freeform Dynamics

Facebook announces global digital currency Libra

Facebook is launching digital coin to open up affordable financial services to the world Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Openreach trials will speed up broadband upgrade

Tests to focus on process of migrating households and businesses to fibre to the premise and voice over IP Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

DevSecOps is key to uniting opposing forces

Unifying DevOps and security teams with the aid of automation will bring harmony and added business benefits, says systems engineer Continue Reading

By

• Warwick Ashford, Senior analyst

HMRC urged to delay April 2020 extension of IR35 rules to private sector by 'at least' 12 months

An analysis of the responses HMRC has reportedly received to its consultation on extending the IR35 tax avoidance reforms to the private sector suggests the tax agency is coming under pressure to put its plans on hold for at least 12 months Continue Reading

By

• Caroline Donnelly, Senior Editor, UK

Lloyds bank adds savings and credit card to open banking

Lloyds Banking Group launches the latest edition of its open banking journey Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

AI storage: Machine learning, deep learning and storage needs

Artificial intelligence workloads impact storage, with NVMe flash needed for GPU processing at the highest levels of performance – and there are other choices right through the AI data lifecycle Continue Reading

By

• Stephen Pritchard

AI-enabled cyber attacks a reality soon, warns Mikko Hypponen

Technology continues to shape human conflict and artificial intelligence will be no exception, so business needs to up its ability to detect attacks and respond, says security expert Continue Reading

By

• Warwick Ashford, Senior analyst

Currencycloud takes Lego approach to payments infrastructure: Fintech Interview 22

Currencycloud offers emerging fintechs make chiild's play of building a payments infrastructure Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

From oil crash to tech startup boom in Norway

For countries highly dependent on oil, the global price crash had huge potential ramifications – one of which, in Norway, was the development of a thriving technology sector Continue Reading

By

• Matthew Staff

Why the rise of IT managed by the business is driving creative thinking

Organisations that encourage business units to implement and run their own IT systems have an edge over competitors that rely entirely on the IT department, research from Harvey Nash and KPMG reveals Continue Reading

By

• Steve Bates, KPMG

Are schools delivering on digital skills?

In this week’s Computer Weekly, we look at the differing approaches to teaching computer science across the UK and assess the pros and cons of each. Our latest buyer’s guide examines the technologies and best practices of multicloud environments. And we find out what you get for your money when buying cyber insurance. Read the issue now. Continue Reading

Most code-signing processes insecure, study shows

The majority of organisations are failing to enforce security for code-signing processes, providing opportunities for cyber criminals, a survey reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Implementing Dmarc a top priority for UK

Basic email security should be a top priority for UK firms, followed by reducing third-party web exposure and monitoring data flows leaving the enterprise, a Rapid7 study reveals Continue Reading

By

• Warwick Ashford, Senior analyst

TSB makes key appointment in IT restructure

Mark Curran moves from CYBG to head up reorganisation that will see control of TSB’s IT transferred to an internal team from parent company’s tech subsidiary Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Large firms look to zero-trust security to reduce cyber risk

In the face of increasing cyber breach risk as organisations move to hybrid multi-cloud IT environments, just over half of large firms in Europe are planning a zero-trust approach to security Continue Reading

By

• Warwick Ashford, Senior analyst

CIO interview: John Finch, Refinitiv

Refinitiv CIO John Finch says finding people with the right level of data science skills is his biggest challenge Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Firms face targeted bespoke cyber attacks, dark web study reveals

Academic study exposes prolific availability and demand for tailored malware, network access and corporate espionage services, which suggests many firms’ cyber defences are below standard Continue Reading

By

• Warwick Ashford, Senior analyst

Half of CFOs frustrated by complex accounting systems

Chief financial officers need to upgrade to easier-to-use accounting systems, but are strapped for time and lack the resources to make the right choices, according to survey Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

HSBC drops Connected Money and integrates best features to main mobile banking app

HSBC is taking advantage of fintech to test out features before fully integrating them into the main mobile app Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CIO interview: Chris Worle, chief digital officer, Hargreaves Lansdown

Former marketing director is defining the newly created CDO role at the financial services firm, and is starting to appreciate the cultural changes involved in digital transformation Continue Reading

By

• Mark Samuels

UK adults are increasingly opening accounts with new banks, finds Zopa research

UK consumers are increasingly opening multiple bank accounts Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

London could be world cyber risk leader, says ex-Lloyd’s chief

Collaboration across the cyber insurance, technology and security organisations in London could make the capital a leading world centre on these topics, says former Lloyd’s of London boss Continue Reading

By

• Warwick Ashford, Senior analyst

Emirates NBD builds bank of future with Amazon Web Services

UAE bank is accessing the latest technology through a close relationship with IT giant Amazon Web Services Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

NatWest Video banking service adds fuel to a future without branches

Bank branches are no longer needed for that hum an touch Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Podcast: The Computer Weekly Downtime Upload – Episode 18

In this week’s episode of the Computer Weekly Downtime Upload podcast, Brian McKenna, Caroline Donnelly and Clare McDonald weigh up the technology credentials of some of the Conservative Party candidates, find out how Google Cloud is helping the Football Association to achieve its diversity goals, and why Sweden appears to be rowing back on its cashless society plans Continue Reading

By

• Computer Weekly Staff

Sainsbury’s Bank moves data to AWS cloud with Teradata UDA

Bank decided on a fundamental shift to AWS cloud, using Teradata’s Unified Data Architecture, after it was divested from Lloyds in 2013. Here’s how it built from a new ground zero. Continue Reading

By

• Lindsay Clark

Most of today’s enterprise blockchain platforms will need replacing in two years

Most blockchain platforms currently being used in enterprises will have to be replaced in the next couple of years, says Gartner Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

More than half of UK workforce lacks essential digital skills, says Lloyd’s

In the modern world, digital skills are becoming increasingly important, but a large amount of the UK workforce doesn’t measure up, Lloyd’s has found Continue Reading

By

• Clare McDonald, Business Editor

2.3 billion business and consumer data files exposed online

In the year since the GDPR compliance deadline, the number of data files exposed online without adequate protection is up more than 50% due to misconfigured security controls, report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Swedes need to keep a week’s cash under the bed

The Swedish population is being advised to keep enough cash at home to last a week in case of problems such as online banking crashes Continue Reading

By

• Jane Hamrin

No real change a year into GDPR, says privacy expert

A year after the GDPR compliance deadline, many organisations still have a lot of work to do to make real changes and shift focus away from fines to business value and gain, says PwC’s GDPR and data protection lead Continue Reading

By

• Warwick Ashford, Senior analyst

CW Nordics: Nordea links up with IBM to meet fintech challenge

IBM’s €473m managed services contract with Nordea reflects an increasing trend among Nordic banks to outsource more of their IT to help meet the challenge of fintechs. Also read how a shortage of women in the boardroom is a problem in the Nordics but the tech sector points to a more promising future, and find out why the Norwegian government has launched a regulatory sandbox for the fintech sector. Continue Reading

Police shut down Bestmixer bitcoin laundering service

The Bestmixer cryptocurrency laundering service has been shut down by Dutch anti-fraud police with support from Europol after a tip off by cyber security researchers at McAfee, significantly disrupting cyber criminal money flows Continue Reading

By

• Warwick Ashford, Senior analyst

IBM deal to drive Nordea’s IT-led transformation

 Continue Reading

GoCardless migrates to cloud and gets Google engineering capability

Fintech has moved from an IBM infrastructure as a service to Google’s cloud platform Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Hundreds of European retail banks will disappear as challengers scoop up customers

One in every 10 banks in Europe will no longer exist as digital challengers take customers from them Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Fintechs should get out of London to open their eyes and grow

Call for fintechs to stop designing products for themselves and look outside the London bubble. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

What the UK can learn from the Nordics when it comes to digital ID

The UK and other countries can learn from the Nordic region when it comes to digital identity Continue Reading

By

• John Erik Setsaas

MoneySupermarket.com orchestrates data pipeline with GKE

The price comparison site has used container orchestration to split its machine learning data pipeline into parallel processes Continue Reading

By

• Cliff Saran, Managing Editor

UC Expo 2019: Experts talk up future tech in unified communications

Automation and AI are increasingly prevalent in unified comms, but do enterprises really need it? Continue Reading

By

• Rene Millman

Fintech’s role in reducing world poverty

Kosta Peric swapped a life innovating for banks to work on increasing financial inclusion in the developing world Continue Reading

Using fintech to fight poverty

In this week’s Computer Weekly, we talk to the Bill & Melinda Gates Foundation to find out how technology is fighting poverty by increasing financial inclusion. We examine how best to manage the challenges of Microsoft’s new plan for ongoing Windows 10 updates. And we find out how data innovation at Lloyd’s of London is supporting a wider digital modernisation at the 330-year-old insurance market. Read the issue now. Continue Reading

Lloyds Bank creates 500 IT roles in Scotland

New recruits will support banking group’s digital transformation as it aims to give customers “Google-like experiences” Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Danske Bank launches initiative to help SME customers with cyber security

Danske Bank launches initiative to support the cyber security efforts of its SME customers Continue Reading

By

• Gerard O'Dwyer