IT for financial services

Finnish government announces research and development ecosystem

Finland has launched an innovation ecosystem that will support IoT and AI developers amongst others Continue Reading

By

• Gerard O'Dwyer

Half of business leaders unaware of BPC cyber attacks

Half of management teams polled in 12 countries, including the UK, are unaware of business process compromise (BPC) attacks Continue Reading

By

• Warwick Ashford, Senior analyst

Douglas Engelbart, the forgotten hero of modern computing

Half a century ago, Douglas Engelbart demonstrated an experimental computer that laid the foundations for modern computing. His vision to use computing power to solve complex problems in all areas of human activity has become reality, but not in the way that he imagined Continue Reading

By

• Jake Charles Rees

Software failure paralyses O2’s 4G network

O2 is racing to fix a major outage on its 4G network that has left millions of mobile subscribers without access to data services Continue Reading

By

• Alex Scroxton, Security Editor

Australia races towards commercial quantum computing

Universities make headway in the challenge of commercialising quantum computing Continue Reading

By

• Beverley Head

UK consumers threaten data breach backlash

Most UK and global consumers are willing to walk away from businesses that fail to look after personal data, with retailers most at risk, research shows Continue Reading

By

• Warwick Ashford, Senior analyst

Financial institutions’ data at risk despite security spending

Despite increased spending on cyber security, digital transformation and advanced attacks mean financial institutions’ data is still at risk, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Zopa gains banking licence and prepares launch

Peer-to-peer lending pioneer Zopa is turning its attention to retail banking in the UK, with plans to offer savings, credit and money management products Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Barclays staff to transfer to HCL as IT deal is expanded

Bank announces closure of operation in Lithuania, with employees transferring to IT services company HCL Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Lloyds to use core banking technology from Google-inspired UK fintech

Banking group explores cloud-based core banking technology as part of a major transformation programme Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

WannaCry borderline national cyber emergency

The May 2017 WannaCry attack, which disrupted services at one-third of NHS trusts and more than 600 primary care organisations is the closest the UK has come to a national cyber emergency, says the NCSC Continue Reading

By

• Warwick Ashford, Senior analyst

Agile becomes mainstream

There are clear parallels between the conditions that led the IT industry to adopt agile approaches and the challenges facing business today Continue Reading

By

• Simon Masters

Lloyds Banking Group in Google maps mash up

Lloyds bank is integrating its mobile app with Google Maps in a Mash up that will help customers keep track of spending Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

More effective digital transformation through the power of your own people

The old model of escalating decisions up and down the management chain does not work any more. Business leaders need to delegate responsibility for projects to business and technology specialists and eliminate the fear of failure Continue Reading

By

• Peter Ironside, KPMG

Challenger bank signs up Google-inspired platform

Cloud-based platform offers functionality around smart contracts and a workflow engine for bank processes Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

FCA deeply concerned as no end in sight for IT failures in banking

The FCA has reported a massive increase in the number of banking IT failures in the UK and admitted there is no end in sight Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK competition watchdog concerned with PayPal’s fintech acquisition

Competition and Markets Authority fears $2.2bn deal could reduce competition for payment services in the UK Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

York teen crowned 2018 UK cyber security champion

Teenager beat off competition from 41 other cyber security enthusiasts from across the UK, and six from Singapore, in the UK Cyber Security Challenge final Continue Reading

By

• Warwick Ashford, Senior analyst

Treasury Committee launches inquiry into bank IT failures

With IT outages in the financial sector a regular occurrence, the Treasury Committee is investigating the causes and consequences of these failures, and what industry and regulators are doing to promote resilience Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

High Court trial over Horizon computer system completes witness cross-examinations

The High Court trial in which subpostmasters are suing the Post Office has reached an important stage Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Interview: Comms sector ripe for disruption as climate change takes hold

Humanity has just 12 years left to keep global warming to a maximum of 1.5⁰C and prevent climate meltdown. Paul Dickinson from the Carbon Disclosure Project discusses how CIOs can help take steps to avert disaster by changing their attitude to business communications Continue Reading

By

• Alex Scroxton, Security Editor

How voice biometrics catches fraudsters

Telephone banking is often seen as the forgotten channel in multi-channel banking, something that fraudsters are now exploiting Continue Reading

By

• Cliff Saran, Managing Editor

CDO interview: Aidan Millar, DNB

Norwegian bank hires chief data officer to lead its data-driven transformation Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Standard Life and Aberdeen Asset Management turn to Workday to complete merger

Standard Life Aberdeen, created in August 2017 when two of Scotland’s largest financial services companies merged, is transferring 3,000 former Standard Life staff to Aberdeen Asset Management’s Workday HR system as it integrates the two businesses Continue Reading

By

• Bill Goodwin, Computer Weekly

Securing the SD-WAN: The next network challenge

Every time an enterprise weighs up whether or not to try SD-WAN, security is an essential part of the picture Continue Reading

By

• Christian Annesley

Russian banks to introduce contactless ATMs

Russian banks have introduced their first contactless ATMs, which customers can link to via smartphones and wearable devices Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Challenger bank ready to get its banking licence back

CivilisedBank is reapplying for a banking licence after giving it up to focus on its technology Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CIO interview: Barry Libenson, global CIO, Experian

Experian’s global CIO has worked to change the company’s IT set-up from a “free for all”, taking a standardised approach to development, infrastructure and platforms Continue Reading

By

• Mark Samuels

CYBG scraps Virgin Money digital bank project

It is not a surprise CYBG is ending Virgin Money's digital bank project following its acquisition of the company because it already has one Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Sweden’s central bank to test digital currency

Riksbank e-krona initiative follows government plan for a cashless society by 2030 Continue Reading

By

• Gerard O'Dwyer

5G will unleash digital transformation for UK enterprises

Mobile operator EE is working hand-in-hand with its largest enterprise customers to realise the potential of its future 5G mobile network Continue Reading

By

• Alex Scroxton, Security Editor

GDPR a challenge to AI black boxes

Most artificial intelligence “black boxes” do not comply with EU data protection laws and will have to be re-engineered, warns security researcher and consultant Continue Reading

By

• Warwick Ashford, Senior analyst

CW Benelux: Bikes face scooter challenge in Netherlands

The concept of rental scooters is perfect for the Netherlands, where bicycles are already the most widely used method of transport. Scooter startups see the potential to apply the latest smart technologies to the concept, but regulations could be a barrier. Also in this issue, read how chatbots are taking off with Dutch organisations, with KLM's chatbot a pioneering example, and find out how Dutch bank ING is getting a financial boost from an employee performance management rethink. Continue Reading

Fintechs advised on how to work with big banks

Advice backed by the government for fintechs on how to engage with traditional finance firms is published Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Investment fund buys into broadband supplier Hyperoptic

Mubadala Investment Company, the VC arm of the government of Abu Dhabi, is to acquire a minority stake in full-fibre broadband supplier Hyperoptic as the firm brings forward its roll-out Continue Reading

By

• Alex Scroxton, Security Editor

Lloyds Banking Group shaking up its workforce to reflect digital times

Lloyds Banking Group is revamping the roles of thousands of staff as it becomes digital Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Automation and CSR are driving reskilling process for UK plc, says Cisco

UK business leaders are planning to make dramatic changes to their organisations between now and 2020, according to a new report from Cisco Continue Reading

By

• Alex Scroxton, Security Editor

NatWest pilots digital bank for SMEs

App-based banking platform offers small enterprises other business tools on top of a current account Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Start preparing for post-quantum data protection

Organisations that need to retain sensitive information for long periods of time need to start preparing for the post-quantum era, according to an IBM security architect Continue Reading

By

• Warwick Ashford, Senior analyst

The fintech interview: Part 9 TrueLayer

TrueLayer is at the core of the fintech sector's drive into the open banking space Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Post Office IT system goes on trial

In this week’s Computer Weekly, 10 years after we revealed concerns over the Post Office’s Horizon accounting system, affected subpostmasters finally get their day in court. We look at how businesses are turning to wearable technology to help employees stay healthy. And we analyse the key players and products in the market for object storage. Read the issue now. Continue Reading

Banking sector leading CIAM innovation, say Big Four

Maturity in consumer identity and access management (CIAM) differs from sector to sector, with the banking sector taking the lead in terms of innovation, according to the Big Four accounting firms Continue Reading

By

• Warwick Ashford, Senior analyst

Deutsche Bank to create cloud-based digital cheque processing system

German banking giant Deutsche Bank will replace manual and paper-intensive cheque processing methods with an automated system in the cloud Continue Reading

By

• Karl Flinders, Emea Content Editor, Computer Weekly

Fidor Bank to separate from BCPE after short marriage

The integration of digital bank Fidor to BCPE's business fails to materialise Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

How Bahrain plans to become a regional fintech hub

Bahrain is a small island with big plans for its financial technology industry Continue Reading

By

• Alicia Buller

IR35 changes could see banking IT jobs offshored

New rules on how contractors pay tax could tip the big banks towards increasing IT outsourcing Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The fintech interview: Part 8 InvestCloud

InvestCloud is a fintech with a few miles on the clock. It was even around when businesses didn't understand cloud services. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK government taskforce commits to distributed ledger technologies

Report says distributed ledger technology “has the potential to deliver significant benefits in financial services and other sectors in the future” Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Traditional financial services firms face extinction within 12 years

A large number of large banks could disappear within 12 years unless they change business models and economics Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

DNS attacks cost finance firms millions of pounds a year

Average cost of recovering from a single DNS attack is $924,390 for a large financial services company, survey shows Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Security Think Tank: Focus on security before app deployment

What should organisations be doing to address application layer attacks and reduce the likelihood of a breach through this type of attack? Continue Reading

By

• Richard Absalom, Information Security Forum

Trusted nodes: The next generation in quantum key distribution

QKD is a form of protection against interception by quantum computers, but cost and technical limitations have made the technology impractical. Could trusted nodes make all the difference? Continue Reading

By

• Peter Ray Allison

BT picks fintech leader to succeed Gavin Patterson

BT has named Philip Jansen, current co-chief executive of global payments services group Worldpay, as the successor to outgoing chief executive Gavin Patterson Continue Reading

By

• Alex Scroxton, Security Editor

Firms will use AI to automate HR processes within two years

Companies are gearing up to automate HR processes with artificial intelligence and machine learning, while at the same time battling with outdated IT systems Continue Reading

By

• Bill Goodwin, Computer Weekly

Nordic banks target SME customers with fintech services

Traditional Nordic banks are slimming down workforces as they turn increasingly to technology-based service delivery, and some are linking up with small fintech companies to deliver online products. Continue Reading

By

• Gerard O'Dwyer

Choose security tools wisely to gain upper hand

The cyber threat landscape is continually changing, but staying abreast of attacker and defender innovation can help business leaders gain the upper hand, says KuppingerCole Continue Reading

By

• Warwick Ashford, Senior analyst

The fintech interview: Part 7 ClauseMatch

ClauseMatch is a London based startup that offers to automate the process that banks go through to prove they comply with industry regulations Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Centralised identity risky and not web 3.0 friendly, says entrepreneur

User controlled identity is less risky than centralised identity and essential for the next evolution of the web, according to an entrepreneur and evangelist of self-sovereign identity and blockchain technologies Continue Reading

By

• Warwick Ashford, Senior analyst

The fintech interview: Part 6 Rebuilding Society

Rebuilding Society is a Leeds based fintech trying to offer SMEs access to better loans as well as selling its technology to organisations setting up crowdfuning initiatives Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Russians using less cash after accelerated use of electronic payments

Russians are increasingly using electronic payments rather than cash, a recent study by Sberbank has found Continue Reading

By

• Vladimir Kozlov

Chinese insurance giant extends cloud service to other sectors

Ping An is opening up its cloud service to more sectors, including real estate and automotive, in its efforts to become a technology company Continue Reading

By

• Aaron Tan, TechTarget

Middle East gears up for 5G

The race for 5G is well and truly under way, and the UAE and Saudi Arabia are well positioned to be among the first countries in the world to deliver the benefits of this new telecoms protocol Continue Reading

By

• Edward Banda

Contactless payments surpass Chip and PIN in UK shops

Contactless card payments now account for more spending in UK stores than Chip and PIN Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The fintech interview: Part 5 Honcho

How a serial entrepreneur and a former soldier plotted to take on the car insurance price comparison sites Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

There is more to fintech than meets the eye

Financial technology goes way beyond the flashy apps facing consumers and into the depths of the back office Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK faces 10 cyber attacks a week as hostile states step up hacking, says NCSC

The UK’s National Cyber Security Centre has thwarted more than 1,600 attacks over the past two years – many by hostile nation states Continue Reading

By

• Bill Goodwin, Computer Weekly

Will CYBG integrate Virgin to its digital platform and is it curtains for Virgin’s digital bank?

Virgin Money will be the next banking brand to be integrated into the CYBG digital platform Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Good data governance is good business

Organisations are failing to understand the importance of getting their data relationship with customers right and seeing the business opportunities that it enables, an industry analyst warns Continue Reading

By

• Warwick Ashford, Senior analyst

FS-ISAC awards cyber security scholarships in Europe

Five women have been awarded cyber security scholarships at FS-ISAC’s 2018 EMEA Summit Continue Reading

By

• Warwick Ashford, Senior analyst

Robots in the workplace supported by 81% of business chiefs

Robotic process automation continues to be taken up by more organisations – but despite proven benefits, those that already use it are struggling to scale it up Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CW Middle East: Middle East warms to humanoid robots

Countries in the Middle East are warming to humanoid robotics, robotic process automation and artificial intelligence as these technologies become widely accepted globally. Also in this issue, read why Saudi Arabia has called on London’s fintechs to set up in the country with the promise of government support, and find out how the Gulf Warehousing Company has introduced cloud-based technology to replace paper processes used by its HR department. Continue Reading

Saudi Arabia entices UK fintechs to its shores

 Continue Reading

Huawei Connect 2018: Huawei tackles barriers to effective AI

At its annual customer and technology event, Huawei chairman Eric Xu set out 10 key challenges facing AI, and revealed how the networking supplier’s strategy will help to address these Continue Reading

By

• Alex Scroxton, Security Editor

Blockchain adoption hotting up in Australia

The emerging technology is being tested in several industries in a country aspiring to be a global leader in blockchain development Continue Reading

By

• Stuart Kennedy

Tech takes centre stage in CBI’s pre-Budget wish list

Industry calls on government to set the tone for a tech-friendly business environment after the UK leaves the EU Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

IT professionals losing faith in direction IT is going at banks

Banking IT professional speaks out against worrying software development methods used in the UK Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

EE switches on 5G test network at Canary Wharf

MNO explores high-capacity zone testing for its 5G network roll-out, with the first phase expected to target hotspots such as London’s Canary Wharf Continue Reading

By

• Alex Scroxton, Security Editor

GDPR case work swamps Denmark’s data protection agency

The agency investigating alleged breaches of GDPR in Denmark is recruiting additional resources to cope with the increase in work Continue Reading

By

• Gerard O'Dwyer

Business email compromise made easy for cyber criminals

Poor security practices and access to hacking services are making it easy for cyber criminals to compromise business email, research reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Why do UK banks suffer more software failures than those in other countries?

Why do UK banks suffer more outages than banks in other countries? Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Rise in data-stealing Betabot malware

Researchers are warning about an increase in Betabot malware after detecting multiple infections in recent weeks, underlining the importance of software patching Continue Reading

By

• Warwick Ashford, Senior analyst

How Bank of England is using Splunk for proactive security

Head of the Bank of England’s security operations centre talks about how Splunk is helping it to take a more proactive approach to preventing cyber attacks Continue Reading

By

• Clare McDonald, Business Editor

Filling the blockchain chasm

Blockchain as a term is becoming common language, but there is a long way to go before it will mean anything to the performance of most organisations Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK will unilaterally tax web giants, says Hammond

Chancellor threatens to go it alone on tax reform for digital services businesses if an international agreement cannot be reached Continue Reading

By

• Alex Scroxton, Security Editor

UK firms’ password security score ‘average’

While businesses are making strides in strengthening password security, there is more work to be done, with the UK password score lagging behind the frontrunners, a survey shows Continue Reading

By

• Warwick Ashford, Senior analyst

Tesco Bank gets first cyber-related FCA fine

UK’s financial watchdog issues its first cyber-related fine to Tesco Bank in connection with a multimillion-pound cyber fraud in 2016 Continue Reading

By

• Warwick Ashford, Senior analyst

No let-up in digital banking glitches as TSB and HSBC customers are hit on payday

Online and mobile app banking outages continue to increase in regularity as TSB and HSBC customers report problems Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The fintech interview: Part 2 CreditLadder

CreditLadder is helping renters build up their credit scores and helping the rental industry get good renters Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CIO interview: Fraser Ingram, Clydesdale and Yorkshire Bank

Fraser Ingram joined the Clydesdale and Yorkshire banking group as CIO just at the right time – as it was embarking on its digital journey Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Prepare now for quantum computers, QKD and post-quantum encryption

The predicted processing power of quantum computers is likely to make existing encryption algorithms obsolete. Quantum key distribution (QKD) is a possible solution - we investigate whether QKD is viable Continue Reading

By

• Peter Ray Allison

Indian IT giant TCS sees IBM and Accenture as nearest rivals

Rapidly-growing Tata Consultancy Services has its eyes on the US IT giants, with customer service key if it is to overtake them Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Financial services firms face potential security bombshell

UK financial services are facing a security crisis over outdated services and applications, a survey shows Continue Reading

By

• Warwick Ashford, Senior analyst

Australia’s ANZ banks on Google Cloud

The Australia and New Zealand Banking Group has signed up for the Google Cloud Platform to help its bankers deliver data insights to institutional customers Continue Reading

By

• Aaron Tan, TechTarget

Intelligent automation and the WAN: Is SD-WAN moving mainstream?

Take-up of software-defined networking in corporates is slower than expected. Where have we reached on the journey to software-controlled networks – and SD-WAN in particular – becoming the norm? Continue Reading

By

• Christian Annesley

PCI DSS compliance falls despite security benefit

Despite the benefits of the payment card industry security standard, there is a concerning downward trend in compliance, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

InfoWatch opens training centre to help address Middle East skills shortage

Security supplier offers Middle East customers cyber security and digital training facility as organisations in the region struggle to equip staff with latest skills Continue Reading

By

• Edward Banda

Businesses that take humans with them on robotics journeys gain the most

Businesses that put human development at the centre of their automation strategies will profit the most Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

RBS, Barclays and NatWest customers suffer more mobile banking outages

Banks apologise for problems that have affected mobile and internet banking services Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

A battle between big tech firms and banks can only help fintechs

If banks and big tech firms go head to head for customers fintechs will benefit because the banks need them if they are to have any chance of winning the customer satisfaction battle Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

What are the current SD-WAN options for enterprises?

Software-defined wide area networking is well on its way to being a multi-billion dollar market. We assess the current state of the market and look at some of the options for enterprise CIOs and network managers Continue Reading

By

• Rene Millman