IT for financial services

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

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