IT for financial services

Hacking the internet of things just got easier – it’s time to look at your security

Are you taking security for internet-connected devices seriously enough? Continue Reading

By

• Dan Mosca, PA Consulting

Barclays to set up biggest office outside UK in India

Bank is expanding its presence in India with plans for an office for 8,000 staff in Pune Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CW Benelux: Rotterdam charts course to become world’s smartest port

The Port of Rotterdam in the Netherlands is using internet of things and artificial intelligence technology from IBM in a bid to become the world’s smartest port. Also read how companies in the Netherlands are only partly ready for the country’s version of the EU’s General Data Protection Regulation (GDPR), and why the European Central Bank thinks cash will remain in use in the Eurozone for a very long time. Continue Reading

Equifax breach lessons not learned

Businesses are still downloading vulnerable versions of the software that was at the heart of the Equifax data breach and failing to update to safe versions, a security firm has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

NatWest fintech investments bear fruit as SME loans platform goes live

Online lending platform enables small businesses to apply for loans of up to £150,000 in 10 minutes Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

HSBC launches open banking app

In line with open banking regulation, HSBC has launched an app that enables users to see accounts from 21 different banks in one place Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

TSB offers interest rate sweetener as IT issues continue at the bank

TSB is offering customers higher interest rate to go towards making up for the problems its core banking system migration caused customers Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Financial sector cyber-related laws are a bellwether, says Deloitte

As the regulatory landscape becomes more complex, organisations should look to the financial sector to see what else is coming, as well as focus on three key areas of GDPR compliance, according to Deloitte Continue Reading

By

• Warwick Ashford, Senior analyst

Britons used contactless for 42% of card payments in 2017

Paymentsense survey confirms rapid growth of contactless payments, but £30 limit is preventing further dominance Continue Reading

By

• Zach Emmanuel, Computer Weekly

Most CIOs not interested in “massively hyped” blockchain, finds Gartner

Despite the noise surrounding blockchain technology, not many CIOs are using it or planning to do so in the near future, finds Gartner Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Fibre network breakthrough has implications for data security

Researchers have devised a new protocol that they claim vastly extends the range of quantum key distribution over fibre networks Continue Reading

By

• Alex Scroxton, Security Editor

TSB IT team could get slaughtered in May

TSB's IT project will go under the microscope as the company attempts to get to the bottom of what went wrong after massive problems. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Fresh blow for Facebook as court refuses stay in Max Schrems legal action

Facebook has lost a legal attempt to delay the Irish High Court from seeking answers from the European Court of Justice over the legality of EU-US data transfers Continue Reading

By

• Bill Goodwin, Computer Weekly

Outsourcing is not dead or dying – it just needs to be done properly

The collapse of Carillion and the profit warning at Capita have created a false sense of fear about the stability of the outsourcing sector Continue Reading

By

• Bob Fawthrop

Ransomware still a threat to business, F-Secure warns

Ransomware attacks tapered off towards the end of 2017 after an explosion in such attacks earlier in the year, but ransomware remains a threat to big business, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

TSB IT crisis: Is IT governance strong enough in banking should be the question MPs ask

When MPs ask TSB what went wrong when it embarked on a core banking system migration they should look at how IT is managed Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

RBS closes branches after axing challenger bank project

Royal Bank of Scotland to close 162 branches and shed 800 jobs after deciding not to create a challenger bank – but a new digital bank may be on the way Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Warning to all banks: TSB needs help from IBM because banking industry has cut thousands of IT jobs

Banks will increasingly rely on suppliers to help them out when IT disasters strike because they simply don't have enough in-house IT experts after years of cuts. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

TSB IT meltdown has the makings of an epic

TSB’s very public IT problems will send shivers down the spine of IT teams at large banks that are yet to migrate to new core banking systems Continue Reading

Making music with AI

In this week’s Computer Weekly, we look at how artificial intelligence is being used in the creative industries such as music and books, and ask whether AI can ever replace human creativity. TSB’s IT meltdown is symptomatic of the tech challenges facing UK banks – we examine the issues. And our latest buyer’s guide analyses the trends in big data. Read the issue now. Continue Reading

Could Agile and DevOps be to blame for banking IT failures?

Is the use of Agile and Devops partly to blame fir the increasing number of IT failures at banks on recent years and is there anther way? Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

MPs to grill TSB CEO over IT disaster

Paul Pester will face questions from the Treasury Committee about the bank’s IT problems Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

TSB IT disaster moves into a second week

TSB's IT problems have moved into a second week, as the bank fights to get its services and reputation back on track Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Fintech professional’s tech predictions: 6– Banks to sell more unbranded services to websites

Banks are taking their brand names off the high street and might increasingly do so for services they offer to ecommerce companies Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Currency of data separates leaders from laggards

With customer data growing in ever-evolving volumes, we look at how companies are using data analytics to stay in control Continue Reading

By

• Cliff Saran, Managing Editor

GDPR: An overview of the latest data protection legislation

The forthcoming General Data Protection Regulation (GDPR) will have wide-ranging implications for every organisation that processes personal data. This comprehensive overview tells you what you need to know Continue Reading

By

• Dai Davis, Percy Crow Davis & Co

Software-defined networking: gathering momentum in the enterprise?

Suppliers are pushing the benefits of software-defined networking harder than ever, and enterprises are starting to take the plunge rather than remaining on the sidelines Continue Reading

By

• Christian Annesley

After the TSB debacle, is it time for IT people to run retail banking?

Given that high-street banks are effectively little more than a computer system processing algorithms, would they be better off run by tech experts than bankers? Continue Reading

By

• Tim Worstall, Adam Smith Institute

Barclays aims to drive entrepreneur startup development with law incubator

Barclays is opening its Eagle Lab incubator in London to help entrepreneurs create successful law businesses. Continue Reading

By

• Zach Emmanuel, Computer Weekly

British banks target Israeli security technology

British banks are turning to Israel’s high-tech sector to protect against cyber attacks Continue Reading

By

• Bill Goodwin, Computer Weekly

Almost all London law firms are using or plan to use artificial intelligence

Law firms are harnessing artificial intelligence to reduce the manual creation and checking of legal documents Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

TSB banking service tech problems continue

TSB customers are still experiencing problems using online and mobile banking services after almost a week of disruption Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

TSB chaos: When choosing bank people should look at core banking platform and not just funky apps

If customers don't want to suffer glitches in their banking service they should ask about complexities of a bank's IT systems before selecting where to out their money Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The biggest surprise about TSB's IT disaster is that people are still surprised when banks' IT fails

The only real surprise about TSB’s IT disaster this week is that people are still surprised when a retail bank has IT problems. There are few organisations with a more complex and difficult ... Continue Reading

By

• Bryan Glick, Editor in chief

Major DDoS cyber crime website shut down

International law enforcement has shut down the Webstresser cyber crime website, which was the world’s biggest marketplace for selling distributed denial of service attack services that were used against seven UK banks Continue Reading

By

• Warwick Ashford, Senior analyst

About one million NatWest bank customers to move to RBS digital bank

More details of RBS's digital bank revealed Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Human error to blame for Ulster bank glitch, but computer seen fleeing scene of crime.

Human error to blame for problems at Ulster bank but a computer was involved Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

TSB IT meltdown has the makings of an epic

TSB’s very public IT problems will send shivers down the spine of IT teams at large banks that are yet to migrate to new core banking systems Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Cyber fraud costs SMEs more than £1,000 per case

Just over half of IT and telecoms SMEs are targeted by fraudsters, with each case of cyber fraud costing more than £1,000, study reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Unified communications supplier Mitel bought by VCs

Unified communications and networking technology supplier Mitel is to be acquired by affiliates of Searchlight Capital Partners for $2bn Continue Reading

By

• Alex Scroxton, Security Editor

ICO and finance regulator assess TSB IT blunder

Customer data was exposed during migration to new core banking platform Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The dawn of open banking in Australia

Financial services firms will need to embrace DevOps and modernise their IT infrastructure to compete with more nimble fintech companies in an open banking regime Continue Reading

By

• Andrew Brydon, Contino

TSB IT system chaos as bank cuts rope from Lloyds systems

TSB customers have experiienced serious proiblems as the bank migrates to its new core banking platform Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

No business safe from cyber attack, says KPMG

Businesses that operate online should be working to ensure operational resilience, while the financial sector should focus more on collaboration, says professional services firm KPMG Continue Reading

By

• Warwick Ashford, Senior analyst

Estonia’s digital residency programme faces first headwind

The Baltic country’s programme to offer anyone, anywhere a chance to run a company online is facing its first crisis Continue Reading

By

• Tarmo Virki

Account takeover up tenfold in past year

The incidence of online account takeover and the proportion of high-risk account access attempts underlines the need for improved authentication, says fraud detection firm Continue Reading

By

• Warwick Ashford, Senior analyst

Security Think Tank: Use good practice to address cryptojacking risk

How can organisations best defend against cryptojacking? Continue Reading

By

• Simon Persin, Turnkey Consulting

Blockchain: Paving the way for broad adoption

The foundations have been laid for organisations to begin standardising on the technology, talent and platforms that will drive future blockchain initiatives Continue Reading

By

• Mark Lillie, Deloitte

UK and Indian governments agree tech partnership

Agreement aims to identify organisations in the two countries that can work together and open up opportunities for tech entrepreneurs Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Mastercard calls for global online payments standard

Mastercard and its EMV partners are pushing for online payments standards similar to those for point-of-sale payments Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Protecting your intellectual property in a digital world

Your business is creating innovative computer code, slick user interfaces, and is using digital technology to solve new problems. How do you protect your investment? Continue Reading

By

• Graham McGlashan, Marks & Clerk

Huawei debuts its first intent-based networking proposition

At its Shenzhen Analyst Summit, Huawei unveiled its intent-based networking concept, promising to address enterprise customer pain points around network management Continue Reading

By

• Alex Scroxton, Security Editor

Lloyds slashes more jobs and people as fintech is deployed battle of the cost bases

Fintech is being deployed by traditional banks as they fight to reduce their cost bases as challengers win customers at a lower cost Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

DDoS attacks cost up to £35,000

Despite the direct financial impact of DDoS attacks, this is not considered to be the most damaging effect on companies targeted this way, a survey shows Continue Reading

By

• Warwick Ashford, Senior analyst

UK identity fraud reaches record level

The level of identity fraud has reached its highest level to date, a UK fraud report shows Continue Reading

By

• Warwick Ashford, Senior analyst

Artificial intelligence will help Metro Bank customers manage their money

Service will use AI and predictive analytics to provide personalised prompts to help customers control their spending Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Santander uses Ripple technology to offer international payments

Santander has launched an international fund transfer service for retail customers in the UK about two years after it started testing the blockchain-based application Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Fintech sector increasingly attractive compared to traditional banking for IT professionals

Fintech job vacancies are growing, while less are being advertised in traditional banking sector companies Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Fintech professional’s tech predictions: 5 – better understanding of privacy settings

Consumers are set to become much more aware of the privacy settings on the websites they use Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Addressing consumer concerns will drive success for open banking

Experts say consumers will feel more comfortable about sharing their data as part of open banking once more valuable use cases become available Continue Reading

By

• Zach Emmanuel, Computer Weekly

The seven levers of digital transformation

Organisations that embark on digital transformation projects often run into difficulties. Following the seven principles of digital transformation will help them reap the benefits of digital technology Continue Reading

By

• Sriram Sabesan, Delegata

CW Middle East: UAE makes artificial intelligence leap

The United Arab Emirates wants to be at the heart of the artificial intelligence (AI) revolution and is already testing its mettle as a global tech advocate and innovator. Also in this issue, read how Abu Dhabi is open to developing its fintech ecosystem, with the next 12 months expected to see more focus on the sector, and how Dubai’s transport authority has enlisted Here Technologies to build a high-definition map of the city to support its goals around self-driving cars. Continue Reading

Finnish government backs national AI development strategy

Government is harnessing Finland’s tech base to help make the country a leading location for the artificial intelligence industry Continue Reading

By

• Gerard O'Dwyer

PayPal is latest tech giant to eye traditional banking

PayPal set to launch launch traditional retail banking services in the first half of this year Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Ransomware top cyber threat, DBIR shows

Ransomware remains the top cyber security threat to organisations, humans continue to be significant weakness and HR departments are a top target, according to the latest Verizon Data breach investigations report Continue Reading

By

• Warwick Ashford, Senior analyst

More than one in 10 employees fall for social engineering attacks

Employees download malicious files, click phishing links, correspond with hackers, and even share contact information for their colleagues, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

HSBC adopts fintech to fight money laundering

HSBC is using technology from a fintech startup to help it monitor transactions for potential money laundering Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Dubai's gamble on bitcoin property sales

Dubai is pioneering the use of bitcoin in the real world, with the property sector leading the way Continue Reading

By

• Alicia Buller

UK challenger bank gives up banking licence to focus on fintech

CivilisedBank plans to serve small and medium-sized enterprises with savings and investment products Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Why businesses must think like criminals to protect their data

Cyber criminals use three main methods of operation to steal commercial data. Understanding their mindset can help organisations put the right defences in place Continue Reading

By

• Andy Barratt, Coalfire

HSBC IT whistleblower faces extradition to Switzerland

Hervé Falciani, who stole data from thousands of private banking customers, is apprehended in Spain following the issuing of an international arrest warrant Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Deutsche Bank system replacement already paying back

Deutsche bank is replacing a complex IT infrastructure that helps its traders operate and automates regulatory compliance processes Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Retail sector top cyber attack target

The retail sector was the top cyber attack target in 2017, as cyber attacks evolved to become more organised and structured, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Security Think Tank: Deal with cryptojacking to avoid security vulnerability

How can organisations best defend against cryptojacking? Continue Reading

By

• Paddy Francis

Interview: GDPR will give Dutch privacy watchdog its teeth

The Netherlands’ privacy watchdog has not handed out fines so far because there has been no reason to, says the organisation’s chairman, Aleid Wolfsen Continue Reading

By

• Tijs Hofmans

Security Think Tank: User vigilance key to cryptojacking defence

How can organisations best defend against cryptojacking? Continue Reading

By

• Tim Holman, 2-sec

Ransomware puts pressure on incident response

Cyber attackers switched focus to ransomware attacks in 2017 putting pressure on incident response, while human error was responsible for two-thirds of compromised records, a study shows Continue Reading

By

• Warwick Ashford, Senior analyst

Average attacker dwell time nearly six months for EMEA, study shows

Firms in Europe, the Middle East and Africa take nearly six months to detect cyber attacks on average, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

UK firms failing to make financial plans for cyber attacks

Most UK firms are failing to plan for the financial impact of cyber attacks, a survey by Lloyds Bank has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Europol operation nabs another 20 cyber criminals

Police have arrested 20 cyber criminals in connection with a €1m fraud operation across Italy and Romania Continue Reading

By

• Warwick Ashford, Senior analyst

AstraZeneca IT exec steps down

Pharmaceutical giant’s vice-president of IT transformation and office of the CIO, Chris Day, is leaving the company after eight years in the role Continue Reading

By

• Angelica Mari

Cryptocurrency mining rampant in higher education

Higher education institutions are the biggest target for illicit cryptocurrency mining, data shows Continue Reading

By

• Warwick Ashford, Senior analyst

Home Office ‘over-promised’ on exit checks programme, report finds

Chief inspector of borders and immigration calls on Home Office to re-establish exit checks project with proper data quality in place, but department rejects recommendation Continue Reading

By

• Lis Evenstad

Majority of European firms unprepared for phishing attacks

Most cyber attacks can be traced back to a phishing email, but more than half of European firms are unprepared to deal with email-based attacks, research has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Most top UK firms fail to disclose cyber risk testing details

Most of the largest UK companies do not reveal their testing of cyber protection plans and do not share security updates with the board regularly, a Deloitte report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Customers hit by shrapnel in banking’s battle of the cost bases

Customers are being caught in the crossfire of the Battle of the Cost Bases being fought by banks on the streets of the UK Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The desktop is changing

In this week's Computer Weekly, corporate PCs haven't changed much in 20 years – as use of Chrome OS grows, we ask if IT leaders are ready for a new approach. Theresa May said Brexit means the UK leaving the EU digital single market – does this mean a return to roaming charges? And we look at the latest developments in Linux. Read the issue now. Continue Reading

Police arrest €1bn cyber heist mastermind

Police have arrested a key member of the Carbanak gang believed to be responsible for more than 100 cyber heists worldwide Continue Reading

By

• Warwick Ashford, Senior analyst

Blockchain not ready for cross-border bank payments

The use of blockchain in certain parts of the financial services industry is limited at present due to the additional IT work required around its use Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Fintech professional’s tech predictions: 1 – Fake News

Fintech professional predicts that tech forms carrying news will need government approval over next few years to fight against fake news Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

How to make the leap from traditional bank to digital bank

To compete effectively in an increasingly digital financial landscape, conventional banks need to build greater efficiency, value and trust through technology Continue Reading

By

• Vittorio D’Orazio and Alistair Newton

Swedish study talks up benefits of artificial intelligence

A major report has reassured Swedish society that artificial intelligence will be a positive force for change despite fears of job losses Continue Reading

By

• Gerard O'Dwyer

European insurtech growth dwarfs US

Europe is seeing rapid growth in its insurtech as investors pump hundreds of millions into the sector Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Privacy group calls for UK response to data exploitation

Policy-makers need to respond swiftly to the Cambridge Analytica and Facebook data exploitation scandal, according to privacy rights group Continue Reading

By

• Warwick Ashford, Senior analyst

Colt pioneers blockchain in telco voice wholesaling

Colt Technology Services and Hong Kong Telecom’s international unit PCCW Global teamed up to trial the use of blockchain in wholesale voice settlements Continue Reading

By

• Alex Scroxton, Security Editor

Application layer DDoS attacks increasing, Imperva data shows

Distributed denial of service attacks targeting applications almost doubled in the last three months of 2017, according to Imperva Incapsula data Continue Reading

By

• Warwick Ashford, Senior analyst

Fintechs weigh up their partnership options

Fintechs need to consider what type of companies they should work with to make the most of open banking regulations Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Chancellor of the exchequer announces UK fintech strategy

The government has outlined its plans to support the financial technology industry in the UK Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

IT attracts more foreign investment projects to UK than other sectors

IT accounts for the highest number of foreign direct investment projects in the UK, which should come as a warning to the UK government to listen to the sector Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

RBS said to be setting up its own digital bank

Royal Bank of Scotland is reportedly setting up a standalone digital bank to take advantage of changing customer habits Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA