IT for financial services

London didn’t only lose £700m tech investment, its reputation is also being hammered by Brexit

The UK risks losing its position as a leading fintech hub as a result of the suicidal tendencies of some politicians and group masochism within the population Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK financial services regulator to link top banker bonuses to IT performance

FCA head tells Commons Treasury committee: “We expect banks’ policies on variable remuneration to reflect operational resilience. They have to – if they don’t, we will act.” Continue Reading

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• Karl Flinders, Chief reporter and senior editor EMEA

The rise of DevSecOps

The increasing complexity of security threats facing enterprises is leading to DevSecOps approaches, which combine operations and development with security, so that all business units are involved in security operations Continue Reading

By

• Finbarr Toesland

Open banking will transform financial services through osmosis

Open banking regulation will transform the financial services sector but don't expect changes overnight Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Nottingham Building Society boosts storage and saves power with Nexsan deployment

Building society ditches geriatric IBM storage array to gain reliability, boost capacity by 20 times and make energy savings with Nexsan, but rejects flash storage for spinning disk SAN Continue Reading

By

• Antony Adshead, Storage Editor

Talent shortages, new investments sources and increased diversity expected in UK fintech

A talent squeeze, new sources of investment and increasing diversity are all in store for the UK fintech sector this year Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Top UK hacker-for-hire jailed

Notorious British hacker-for-hire jailed for cyber attacks on a Liberian telco after an international criminal justice operation Continue Reading

By

• Warwick Ashford, Senior analyst

Microsoft takes community approach to artificial intelligence in Sweden

Microsoft is making increasing use of artificial intelligence in Sweden as it shares experiences with the development community Continue Reading

By

• Jane Hamrin

UK firms say £6.6bn annual security testing cost too high

Avord launches platform to reduce the multibillion-pound annual cyber security testing cost that most UK firms say is too high Continue Reading

By

• Warwick Ashford, Senior analyst

Enterprises are increasing the human workforce while deploying AI

Artificial intelligence is creating more jobs than it replaces, according to a study of businesses using the technology Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

How Bahrain plans to become a regional fintech hub

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CW Middle East: Bahrain aims to be fintech hub

Bahrain’s government wants to make the country the go-to place in the Middle East for financial technology companies. It hopes to capitalise on its banking know-how to establish an ambitious fintech “ecosystem”. Also read about Dubai’s plans for the Smart Data platform and the UAE Pass, a digital ID and signature, and how Shell is using AI to amplify the human impact of its workforce. Continue Reading

UK Finance plays down fraud threat through contactless card skimming

Contactless card fraud is rising bit it is easily preventable Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banking apps overtake online banking

Mobile apps are the most popular channel for banking as consumers swap online platforms for smartphone software Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Challenger bank creates hundreds of new UK jobs outside London

There is life beyond London. Challenger bank Monzo creates hundreds of tech jobs in South wales Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

IT professionals in London could see roles shipped to EU as result of Brexit

The UK and London in particular could see IT jobs in financial services move to hubs across the European Union as a result of Brexit. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

RBS gets down with the youth as digital bank invests in fintech Loot

Royal Bank of Scotland wants to appeal to a younger audience as its launches is digital bank Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

What does Google's EU payments authorisation mean to consumers, businesses and the company itself?

Google increases its credentials in the EU banking sector with payments licence Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The fintech interview: Part 10 Meniga

Icelandic fintech Meniga, grew from offering a personal finance tools to a company offering banks digital building blocks, is targeting UK growth. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK contactless card fraud surges

Fraudsters stole £1.18m from contactless users in 2018, with the average theft size also increasing Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Is Ireland the main life raft for UK fintechs as Brexit approaches and could Paris be a reserve

Dublin is the natural choice for UK fitechs building an EU footing but there are alternatives Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Phishing attacks hidden by custom fonts

Security researchers have uncovered a new way in which phishing attacks are evading detection. Continue Reading

By

• Warwick Ashford, Senior analyst

JP Morgan looks for someone to lead its blockchain developments

Bank seeks executive to take on blockchain role, with responsibility for creating technology to solve business challenges Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Imagine the entire population of Australia using digital banking services from one bank

Spanish banks now has more digital customers than Australia has people Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Nordic digital transformation driven by traditional businesses

More traditional Nordic businesses are fuelling the region's digital transformation, finds report Continue Reading

By

• Gerard O'Dwyer

Can we live without passwords?

Can you imagine a future in which we can be secure online without having to remember an unwieldly list of passwords? Solutions are emerging that could make passwords redundant, but there will be other security problems to resolve Continue Reading

By

• Bruno Halopeau & Adrien Ogee

Top 10 HR technology stories of 2018

Companies are turning to artificial intelligence, robotic automation and chatbots to take the drudgery out of human resource management Continue Reading

By

• Bill Goodwin, Computer Weekly

Top 10 CIO interviews of 2018

IT leaders from across the UK and Europe shared their plans, strategies and best practice advice with Computer Weekly in 2018 Continue Reading

By

• Bryan Glick, Editor in chief

Top 10 Middle East stories of 2018

Here are Computer Weekly’s top 10 Middle East enterprise IT stories of 2018 Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Top 10 cyber crime stories of 2018

Here are Computer Weekly’s top 10 cyber crime stories of 2018 Continue Reading

By

• Warwick Ashford, Senior analyst

Top 10 financial services stories of 2018

Here are Computer Weekly's top 10 financial services stories of 2018 Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

HSBC taking data analysis service to business customers

HSBC is upping its search for artificial intelligence expertise as it takes a data analytics service to its business customers Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Financial services giant transforms application delivery through HCL

Dutch financial services firm Aegon is outsourcing the management of its fintech supplier network Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Paris latest city to join Tech Global Advocates

The city of Paris is the latest to join the Tech Global Advocates network, offering a life raft to fintechs in the UK that want to retain customers across Europe Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Australia passes controversial encryption law

Arguments continue over law that requires companies to work with government agencies to ensure that encrypted communications can be read if a crime is suspected Continue Reading

By

• Beverley Head

Security Think Tank: Strategies for blocking malware comms

As attackers begin to use multiple command and control systems to communicate with backdoors and other malware, how can organisations ensure that they detect such methods and that all C&C systems are removed, including “sleepers” designed to be activated at a future date? Continue Reading

By

• Greg Temm

Russians using less cash after accelerated use of electronic payments

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Social engineering at the heart of critical infrastructure attack

Social engineering is the core technique used in a series of cyber attacks targeting government, defence, nuclear, energy and financial organisations around the world, which means people are key to defence Continue Reading

By

• Warwick Ashford, Senior analyst

CW Europe: Russia banks on electronic payments

A recent study by Sberbank, Russia’s largest state-run lender, shows the country has experienced a cashless payment boom over the past decade. Also read about the attempt by four Russians to break into the networks of the Organisation for the Prohibition of Chemical Weapons in The Hague, and why the Estonian government is directly targeting IT professionals in the UK. Continue Reading

Chief technology officers in high demand in finance sector

Financial services firms need to hire experienced chief technology officers as the sector is transformed through fintech Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UKtech50 2018 – the most influential people in UK IT

Computer Weekly has announced the ninth annual UKtech50 – our definitive list of the movers and shakers in the UK IT sector Continue Reading

By

• Lis Evenstad

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