IT for financial services

Employers turn to wearable technology to help staff manage work-life balance

Companies are realising that there are sound business reasons for ensuring their employees get enough sleep and exercise, so they are turning to wearable technology to help their staff stay healthy, despite the pressures of work Continue Reading

By

• Christian Annesley

Santander plans UK tech hub in Milton Keynes

Santander is opening a UK tech hub in Milton Keynes that will have 5,000 staff Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

What does a fintech do when the most experienced coders don’t want to code?

What do you do when the coders you want would rather manage than code? Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The importance of smartphone sustainability

In this week’s Computer Weekly, we examine the considerable environmental footprint of the mobile phone industry and ask what can be done to further the circular economy. We find out how disaster recovery as a service (DRaaS) is being used and when it’s an option for businesses. And we look at some of the UK’s emerging fintech success stories. Read the issue now. Continue Reading

Danske Bank invests in anti-money laundering systems following Estonian problems

Danske bank improves its anti money laundering software, utilising artificial intelligence and machine learning Continue Reading

By

• Gerard O'Dwyer

Nationwide Building Society adds over a billion pounds to IT spend

Nationwide is increasing the budget for its latest multi-year IT project Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CIO interview: Amir Nooriala, chief operating officer, OakNorth

The challenger bank’s COO on wanting to be fully cloud hosted, going through a huge cloud migration and being able to rebuild its core banking platform in five hours Continue Reading

By

• Angelica Mari

Security Think Tank: Supplement security with an MSSP to raise the bar

What is the most practical and cost-effective way for organisations to identify and remediate high-risk software vulnerabilities? Continue Reading

By

• Greg Temm

GCHQ mass surveillance regime was in breach of human rights law, European court rules

The European Court of Human Rights in Strasbourg has ruled that the UK’s collection of bulk interception of communications data lacked adequate oversight and safeguards and was in breach of human rights law Continue Reading

By

• Bill Goodwin, Computer Weekly

Fintechs: what do you want the UK’s immigration policy to look like after Brexit

Today IT trade group techUK announced some of the things it wants the UK post-brexit immigration policy to include. Just yesterday I was talking to the fintech lead at Tech Nation about this very ... Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Tech Nation startup programme demonstrates richness of UK fintech

A Tech Nation programme to support the UK's financial technology startups demonstrates the increasingly diverse range of business-to-business products and services available through the country's fintech community Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

FCA warns it cannot manage financial crime risks without sharing data with EU

FCA admits it will be unable to manage financial crime effectively if it cannot share data with EU authorities. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Fintech firms pay top executives top dollar

Interesting article on Finextra about the pay packages of top fintech executives. According to research from Morlands Human Capital, cited by Finextra, the average package of a CEO at a fintech ... Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

RBS announces branch closures as part of cancelled project to create challenger bank

The Royal Bank of Scotland has announced more branch closures and job losses as digital transformation continues to transform the sector Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

North Korean programmer charged for WannaCry attacks

The US has charged a member of a group of North Korean hackers linked to the WannaCry, Sony Pictures and other cyber attacks around the world Continue Reading

By

• Warwick Ashford, Senior analyst

If Virgin Money combines with Clydesdale and Yorkshire its digital bank project could be canned

Virgin Mooney will probably scrap its plan to build a digital bank if it merges with Clydesdale and Yorkshire banks, because the latter already has an established bank. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The fintech startups to watch in the UK

Tech Nation’s choice of fintech companies to back reflects the changes expected to hit financial services IT Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Element AI teams up with AI Singapore

The Canadian upstart is co-developing AI applications for local industries as part of its efforts to build new research capabilities via local talent pools Continue Reading

By

• Aaron Tan, TechTarget

Britons concerned over security of contactless payments, research finds

Despite the popularity of contactless payments ahead of cash, Britons are worried about the security of tap and go Continue Reading

By

• Zach Emmanuel, Computer Weekly

TSB CEO out after months of IT problems

TSB’s CEO, Paul Pester, is stepping down after the bank and its customers were beset by another round of IT problems Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

From Aberdeen to Brighton: Investing in the UK’s digital future

More investment in the UK’s broadband infrastructure is critical to ensure the UK’s future success in technology in a post-Brexit world Continue Reading

By

• Russ Shaw, Tech London Advocates and Global Tech Advocates

Dutch bank ING sees financial boost from employee performance management rethink

ING claims business has improved after replacing ‘scattered and fragmented’ IT systems to change the way it manages employee performance Continue Reading

By

• Bill Goodwin, Computer Weekly

Majority of UK firms not insured for data breaches

Many UK firms are not insured against information security breaches and data loss, and would have to spend £1m on average to recover from a breach, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Cobalt cyber heist group mounts new campaign

Security researchers discover new campaign using two malicious links to double the chances of infection, which is believed to be linked to a notorious cyber crime group Continue Reading

By

• Warwick Ashford, Senior analyst

Accountant dumps Dell SAN for StorMagic hyper-converged

Accounting firm ditches traditional SAN hardware for software-defined hyper-converged storage from StorMagic and avoids tens of thousands of dollars in capex costs Continue Reading

By

• Antony Adshead, Storage Editor

IT leaders at a crossroads as they grapple with digital technology

CIOs have the opportunity to influence their company strategy as digital technology reshapes business. A survey of CIOs across 70 countries charts a path for IT leaders through emerging technologies Continue Reading

By

• Bill Goodwin, Computer Weekly

Sharp rise in business email compromise

Cyber attackers are expanding their attack methods to steal money and to gain access to corporate and employee data, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

North Koreans add Mac OS to cryptocurrency-stealing malware attacks

A North Korean hacking group is targeting cryptocurrency exchanges using Trojanised cryptocurrency trading software designed for both Microsoft’s Windows and Apple’s Mac OS, say researchers Continue Reading

By

• Warwick Ashford, Senior analyst

Cryptographic agility is key to post-quantum security

Although post-quantum security is not an issue for all organisations today, an expert believes that those needing to ensure data is secure for decades to come should aim to achieve cryptographic agility above all else Continue Reading

By

• Warwick Ashford, Senior analyst

No Deal Brexit papers warn of stark future for UK tech

The government has published the first of its No Deal Brexit contingency planning notices, containing sobering messages for the UK technology industry Continue Reading

By

• Alex Scroxton, Security Editor

Apache Struts users urged to update due to new security flaw

Another security flaw has been discovered in the Apache Struts, which was at the heart of the massive Equifax data breach in 2017 Continue Reading

By

• Warwick Ashford, Senior analyst

European cloud adopters still lack basic security

Despite outpacing the rest of the world, the majority of organisations adopting cloud in Europe, the Middle East and Africa lack basic security, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Language barrier won’t hold back chatbots in the Netherlands

The use of chatbots by Dutch organisations is on the up, with KLM's chatbot a pioneering example Continue Reading

By

• Tijs Hofmans

Barclays appointment will step up use of AI in investment bank

Ex-Goldman Sachs expert will focus on improving Barclays’ trading services and making internal systems more efficient Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

JP Morgan fintech strategy widens retail trading

Bank’s digital You Invest service opens up trading opportunities to millions of customers Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Retail and finance top cyber targets

Retail and finance remain the top cyber attack targets, but the second quarter also saw a spike in attacks against the manufacturing industry and an increase in remote desktop attacks, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

UK cryptocurrency exchange enlists Rackspace for Microsoft Azure cloud move

London Block Exchange taps up Rackspace to assist with two-month Microsoft Azure migration as it sets about shoring up its platform against demand spikes Continue Reading

By

• Caroline Donnelly, Senior Editor, UK

Job losses caused by artificial intelligence will dwarf those of Victorian revolution

The disruption to the jobs market caused by artificial intelligence will be far greater than that caused by industrialisation in Victorian times Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Cyber Security Challenge UK to scale up

Cybersecurity Challenge UK plans to scale up its events and its role in coordinating UK industry efforts to attract talented people to the cyber security profession Continue Reading

By

• Warwick Ashford, Senior analyst

Inside DevOps, containers and enterprise security

Global corporates are waking up to containers and orchestrated containerisation for software development that is fast and safe. Computer Weekly looks at the best approach to ensure security is not compromised along the way Continue Reading

By

• Christian Annesley

CW ANZ: Gearing up for 5G

The potential benefits of 5G are certainly promising in Australia, which is seen as a test bed for 5G services with the country’s dense cities and wide open spaces. Indeed, telcos in Australia have used the recent Commonwealth Games on the Gold Coast in southeast Queensland to test their coming 5G networks. In this edition of CW ANZ, we look at how Australia is ushering in 5G services and the industries that will get the most out of the technology. Read the issue now. Continue Reading

CW ASEAN: Preparing for 5G

As telcos gear up to roll out the first 5G networks, enterprises are keen to see how they can take advantage of faster 5G connectivity to support a broad range of applications, from the internet-of-things to high-fidelity remote applications. In this edition of CW ASEAN, we look at how telcos and enterprises are readying themselves for 5G and the opportunities presented by the new technology. Read the issue now. Continue Reading

Phishing remains top fraud enabler, RSA reports

Phishing is the most popular way of enabling fraud for cyber criminals, who are also increasingly using rogue mobile apps, mobile browsers and social media, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

UK banks under pressure to improve downtime reporting under new FCA rules

To make it easier for customers to compare and switch between current account providers, UK banks are under pressure to improve their reporting processes for downtime and security incidents Continue Reading

By

• Caroline Donnelly, Senior Editor, UK

FBI warns of global ATM cyber crime spree

The FBI has issued a warning to banks that cyber criminals are planning to steal millions in a coordinated worldwide attack on cash machines Continue Reading

By

• Warwick Ashford, Senior analyst

Banks lead in digital era fraud detection

All e-commerce businesses should follow the banks’ lead in how to detect fraud in the digital era, says RSA fraud and risk expert Continue Reading

By

• Warwick Ashford, Senior analyst

NCR patches ATM vulnerabilities

NCR has patched ATM vulnerabilities discovered by Positive Technologies Continue Reading

By

• Warwick Ashford, Senior analyst

Banking as a service could help challenger bank expand and profit

Fintech driven challenger banks could make white label banking services attractive to businesses in various consumer facing sectors Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Nordic fintech becomes a significant global player

The Nordic region accounted for three of the 10 biggest financial technology deals in the first half of 2018 Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Starbucks to advise on development of bitcoin trading platform

Coffee giant Starbucks has joined a group of firms advising Intercontinental Exchange on the development of a digital assets platform Continue Reading

By

• Clare McDonald, Business Editor

Young age group need to be educated about open banking if it is to take-off

There needs to be a concerted effort to educate the population about the benefits open banking can offer individuals and society Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Starling raises the fintech stakes with banking-as-a-service

Challenger bank enables companies outside the financial sector to offer their customers savings and current accounts via the bank’s APIs Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Mobile banking Trojans reach all-time high

Mobile banking Trojans topped the list of cyber threats in the second quarter of the year, according to research by Kaspersky Lab Continue Reading

By

• Warwick Ashford, Senior analyst

Three-quarters of UK adults have not heard of open banking

Open banking will struggle to deliver what it promises unless people are made aware of its existence and what it could do for them Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

GDPR harmonised with local laws in Nordic EU states

Sweden provides an interesting challenge for the European Union’s data protection regulation due to its laws around freedom of press and free speech Continue Reading

By

• Gerard O'Dwyer

Three Carbanak cyber heist gang members arrested

Three alleged members of the Carbanak gang believed to be responsible for more than 100 cyber heists worldwide have been arrested, US authorities have announced Continue Reading

By

• Warwick Ashford, Senior analyst

Public sector increases outsourcing in first half of 2018

IT and business processing outsourcing in UK central government accelerates in the first half this year, almost matching the total spend by financial services firms Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Bromium evolves virtualisation-based security

Virtualisation-based security firm Bromium has evolved its technology to offer bidirectional protection for applications and underlying operating systems Continue Reading

By

• Warwick Ashford, Senior analyst

Top dark web indicators of compromise

There are 10 common activities on the dark web that indicate a data breach or some other security compromise has taken place, according to a specialist monitoring firm Continue Reading

By

• Warwick Ashford, Senior analyst

UK fintech investment exceeds US and China

Financial technology investments in the UK have surpassed those made in the US and China Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Intelligent automation spending to hit $232bn by 2025

Technologies such as artificial intelligence, robotic process automation and machine learning could help traditional enterprises gain ground on digital-first giants Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

IBM and CLS to work on blockchain app store

IBM and foreign exchange settlement provider CLS are using their complimentary expertise to create an app store for finance firms using distributed ledger technology Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Dubai disputes court and Smart Dubai partner to apply blockchain

Organisations in Dubai are working on developing the principal of blockchain-based courts Continue Reading

By

• Edward Banda

Search begins for UK’s cyber security Unsung Heroes

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

By

• Warwick Ashford, Senior analyst

Post-quantum security on Airbus’s radar

With quantum computing on the horizon, multinational aerospace and defence firm Airbus is among those organisations that are looking at evolving their cryptography capabilities to stay ahead of technology Continue Reading

By

• Warwick Ashford, Senior analyst

Five things to consider when joining Open Banking revolution

Open Banking has arrived and will gather pace over the coming tears, but what should organisations consider when they join the revolution Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

IT meltdown pushes TSB into loss

Bank is feeling the effects of its recent IT problems, reporting a loss of more than £100m for the first six months of 2018 Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Brace for PowerGhost cryptominer, warns Kaspersky Lab

Corporate networks are the target of a new illicit cryptocurrency mining malware that is difficult to detect and eradicate, security researchers warn Continue Reading

By

• Warwick Ashford, Senior analyst

Software development remains insecure

The prevalence of common and well-known web-based vulnerabilities underlines the need for better education around secure software development Continue Reading

By

• Warwick Ashford, Senior analyst

Cyber security vulnerability concerns skyrocket

Security professionals are more worried about data breaches and cyber attacks than they were a year ago, with most fearing that Meltdown-Spectre attacks are becoming the norm Continue Reading

By

• Warwick Ashford, Senior analyst

ERP applications are under cyber attack, research confirms

ERP applications are increasingly being targeted by cyber criminals, hacktivists and nation-state actors, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Capital markets firms to ramp up public cloud spending

Companies in the investment sector are increasingly using the public cloud to improve access to business-critical data Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Nordnet drops AI assistant while SEB deepens collaboration

One Nordic bank decides to stop using cognitive agent Amelia to focus on other AI technologies, but another widens the use of the software Continue Reading

By

• Gerard O'Dwyer

Commerzbank creates Hadoop-based platform for business-critical insights

German bank creates an entire new department to build and support a platform to provide business-critical insights Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Zero trust security model boosts business confidence

Organisations that combine the zero trust security model with next-gen access are more confident about meeting access control challenges, a study shows Continue Reading

By

• Warwick Ashford, Senior analyst

Barclays to open tech hub in Glasgow

Banking group’s campus in Glasgow will host technology and operations teams using the latest technologies Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Brussels aims to become an insurtech hub

Belgian capital is calling on startups as it eyes up the huge opportunities in the insurance technology sector Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Cloud sales stoke Microsoft’s strong growth

Microsoft says cloud-based Office products made a huge contribution to sales growth Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Interview: Dan Phelps, chief architect, Travelex

Travelex is changing the way it works by combining people, processes and technology to transform the company and by setting up a digital platform Continue Reading

By

• Angelica Mari

Global trading infrastructure firm opens office in Ireland because of Brexit

Financial services firms are attracted to Ireland as the UK prepares to leave the EU, leading to the creation of IT jobs in the Emerald Isle Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

London Fintechs: Could Saudi Arabia be your next stage growth opportunity?

Saudi Arabia is selling itself as a fintech hub with an environment for startups to flourish, but are fintechs ready to set up there? Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Saudi Arabia entices UK fintechs to its shores

Saudi Arabia is offering fintechs from other countries the opportunity to access its large internal market Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Matching disaster recovery to cyber threats

While it is important to take steps to prevent cyber attacks, they can still happen. That is why disaster recovery practices are equally critical Continue Reading

By

• Nicholas Fearn

Venture capitalists fears for London’s fintech future is the starkest of warnings

Fintech is nothing without VC funding and the UK risks losing a significant share Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Cyber attackers cashing in on ‘hidden’ attack surface

Cyber attackers are cashing in on organisations’ lack of visibility into all online interactions that can involve multiple third parties, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Three-quarters of consumers have interacted with artificial intelligence

Capgemini survey finds 55% of people prefer a mix of AI and humans when they interact with organisations Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The sacking of a robot revealed the need for robot probation periods

Businesses need to give robots a probabtion period for different roles andd must be prepared to bring out the P45 Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

White-hat hackers find record number of vulnerabilities

White-hat hackers are finding more vulnerabilities than ever before, with crowdsourced security testing continuing to gain popularity, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

UK firms too confident about cyber security

Three-quarters of UK companies say their cyber protection is above average, and nearly half think they are a “top performer” despite the growth in data breaches Continue Reading

By

• Warwick Ashford, Senior analyst

UK fintech industry fears Brexit-induced talent squeeze

London’s financial technology community warns of problems ahead as the reality of the UK leaving the EU unfolds Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Hidden costs of data breaches difficult to manage, study finds

The full cost of “mega breaches” can be up to £264m, with the average UK data breach costing £2.69m, a study has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Infosec community welcomes bank sector focus on cyber resilience

The information security community has welcomed regulators’ call on the banking industry to demonstrate their capability to respond to cyber attacks because it highlights the importance of cyber resilience for all businesses Continue Reading

By

• Warwick Ashford, Senior analyst

Investment flows into Nordic startups from all directions

The Nordic tech startup scene is attracting funding from a variety of sources, with private equity firms, banks and traditional IT companies all keen to put money in Continue Reading

By

• Gerard O'Dwyer

HSBC previews the banking staff of the future

The digital revolution in banking is set to create previously unknown jobs, and HSBC has outlined three of the job roles that will be created in the future Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banks given three months to report on how they respond to outages

UK financial services regulators get tough on banks over their ability to recover from IT outages Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

How changes in retail law could affect customer experience

New payments regulations could increase the amount of times customers will need to use two-factor authentication to make a purchase, potentially putting a strain on customer experience, according to MasterCard Continue Reading

By

• Clare McDonald, Business Editor

Beware blockchain security blindspots, warns RSA

Companies need to ensure that rushed blockchain and other new technology projects are not introducing security vulnerabilities by gaining granular visibility of network activity, according to RSA Security Continue Reading

By

• Warwick Ashford, Senior analyst

DevOps done right: Securing grassroots support for a top-down DevOps enterprise push

As more and more enterprises rush to join the DevOps movement, practitioners share details of how they secured grassroots support for their senior leadership team's top-down agile adoption mandates Continue Reading

By

• Caroline Donnelly, Senior Editor, UK

London fintechs managed by Oracle's Brussels arm: a shock a few years ago, but not today

Not that surprising in this day and age that a large software company puts its European fintech resources in a city other than London Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

European banks need to balance fintech strategies

European Banking Authority highlights the risks of banks taking up fintech too quickly, and of ignoring it Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA