IT for financial services

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

Ireland eyes Brexit-triggered tech investments

The organisation that champions Ireland to foreign investors has seen an increase in IT companies moving to its shores Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

IBM delivers Watson-powered voice assistant for consumer brands

Alexa and Google Assistant have taken residence in people's homes. IBM aims to give companies a way to deliver their own branded AI voice assistants Continue Reading

By

• Cliff Saran, Managing Editor

Brexit is an opportunity to transform, says HMRC digital transformation director

HMRC’s digital transformation director Brigid McBride on Brexit opportunities, using AI and robotics to improve services, and growing the API ecosystem Continue Reading

By

• Lis Evenstad

Innovate Finance Global Summit gets fintech ready for adulthood

Fintech is coming of age and faces all the challenges that growing up entails Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Where neuroscience meets technology

In this week’s Computer Weekly, we find out how computer scientists are using data, cloud and virtual reality to understand the brain and improve mental wellbeing. We analyse newly published government documents detailing the early problems with the Universal Credit IT project. And we look at how emerging artificial intelligence techniques can help improve cyber security. Read the issue now. Continue Reading

Customer experience must be digital focus for banks

Omni-channel technologies can help banks stand out from their rivals, but a good customer experience should be their goal Continue Reading

By

• Cliff Saran, Managing Editor

First Direct enables customers to pay by Siri

Customers of online bank First Direct can now use voice commands to transfer money through Apple’s digital assistant Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Employers face hiring crisis as AI replaces mid-skilled jobs

Artificial intelligence could replace two-thirds of existing jobs within 20 years, and employers will face growing difficulties recruiting skilled staff Continue Reading

By

• Bill Goodwin, Computer Weekly

Cyber criminals using complex financial system, study shows

Cyber criminals are using a combination of new cryptocurrencies, gaming currencies and micro-payments to launder up to $200bn in ill-gotten gains, research has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

With auditability, deep learning could revolutionise insurance industry

The likes of Google may be pushing deep learning in artificial intelligence, but it may not be the best approach for regulated industries Continue Reading

By

• Cliff Saran, Managing Editor

Kenyan solar supplier leans on IoT and fintech for new growth

Mastercard packed its stand at Mobile World Congress with new use cases for fintech in the developing world and launched a new partnership with Kenyan solar energy supplier M-KOPA Continue Reading

By

• Alex Scroxton, Security Editor

Is paying for a bus using cryptocurrency really that shocking?

Is it that shocking that people will be paying for buses using cryptocurrency within seven years? Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Most people think cryptocurrency will be accepted on buses by 2025

Cryptocurrency is a mystery to many people, yet 55% of respondents to a survey expect shops and buses to accept digital money in seven years’ time Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Have traditional banks weathered the fintech challenge?

How will the financial technology-based challenger banks evolve as the traditional retail banking industry ups its digital game? Continue Reading

Unlocking digital change in criminal justice

In this week’s Computer Weekly, we talk to the IT and digital chief at the Ministry of Justice to hear about tackling the challenges of digital transformation across the criminal justice system. European cities are trying to attract British IT talent as a result of Brexit – what does it mean for UK IT? And we take an in-depth look at the fintech sector in our latest buyer’s guide. Read the issue now. Continue Reading

BNP Paribas integrates Tink as part of PSD2 strategy

BNP Paribas Fortis is working with fintech company Tink to integrate software into its mobile app, which will enable customers to aggregate their finances Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Catwalk models be afraid there is a 98% chance a robot will take your jobs

It is not surprising that telemarketing jobs will be taken by robots but the fact that modelling jobs are 98% likely to be done by robots in 2035 is. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Have traditional banks weathered the fintech challenge?

How will the financial technology-based challenger banks evolve as the traditional retail banking industry ups its digital game? Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Amazon bank could have 70 million customers in five years

Amazon could have more banking customers in the US than the UK has citizens within five years Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

How banks can make sense of digital disruption

Banks and financial institutions need to go back to basics, deconstruct their core banking processes and strive for zero defects in building applications, says the IT head honcho of Malaysia’s CIMB Bank Continue Reading

By

• Aaron Tan, TechTarget

EC reveals plan to make Europe global fintech hub

The European Commission has unveiled proposals to boost the EU’s financial technology sector Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CW Europe: Germany’s Lemoncat takes catering to the cloud

Business catering startup Lemoncat has taken advantage of the affordable cost of living in Berlin and is shaking up the catering sector by harnessing the Amazon and Salesforce clouds. Also in this issue, read how Moscow’s government is taking advantage of high penetration of broadband and mobile internet to expand innovative services under the Russian capital’s smart city programme, and how organisations in the Netherlands still have much to do to comply with the General Data Protection Regulation. Continue Reading

Tech City targets companies outside of London for next cohort in accelerator programme

Tech City UK has placed more of an emphasis on companies outside of the capital for its next accelerator cohort Continue Reading

By

• Zach Emmanuel, Computer Weekly

CIO interview: Kevin Hanley, head of innovation, Royal Bank of Scotland

Royal Bank of Scotland's head of innovation talks to Computer Weekly about creating and supporting change, bringing different technologies together, and how 2018 could be the year blockchain innovation comes to fruition Continue Reading

By

• Mark Samuels

Denmark’s MobilePay expands in Finnish market through deal with retailer

Deal with Finland’s largest grocery retailer helps mobile payment service spread its reach Continue Reading

By

• Eeva Haaramo

Businesses warned not to ignore cryptojacking threat

Businesses should not ignore the threat of malware designed to carry out illicit cryptocurrency mining, warns NTT Security Continue Reading

By

• Warwick Ashford, Senior analyst

Wi-Fi provider uses big data analytics to drive customer experience

The self-styled “Uber of Wi-Fi”, iPass is using Databricks’ Unified Analytics Platform and machine learning to monitor its worldwide network and help its customers get the best experience Continue Reading

By

• Alex Scroxton, Security Editor

The juxtaposition fuelling the challenger bank sector

Challenger banks are becoming the innovative digital arms of the traditional banks they set out to disrupt. Job done then? Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

World Economic Forum creates fintech focus group for cyber security

WEF consortium of companies will focus on protecting financial technology firms from cyber threats Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banks more confident than other sectors in face of digital disruption

Banks have accepted the changes brought about by digital disruption and are confident that new technologies will be core to their business success, according to a survey by Fujitsu Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Amazon contemplating next move in banking sector

Amazon is in talks with a bank about setting up a current account that will appeal to young people Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Yorkshire Building Society implements cloud banking platform

Yorkshire Building Society is using a cloud-based banking platform built on Salesforce.com to automate manual tasks Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Bank of England chief calls for cryptocurrency regulation

Bank of England governor calls on cryptocurrencies to be regulated to protect financial system and reduce illicit activities Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Equifax ups breach figure by a further 2.5 million

Credit rating agency Equifax has increased the number of US records believed to have been compromised in 2017 Continue Reading

By

• Warwick Ashford, Senior analyst

Vast majority of consumers unaware of Open Banking consequences, research finds

Research shows most consumers have little or no knowledge of the Open Banking regulation and how it will affect them Continue Reading

By

• Zach Emmanuel, Computer Weekly

Wearables join mobiles as high-growth payment methods

Banks must develop broad contactless payment strategies if they are to keep pace with consumer demand Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Are mobile wallets about to make contactless cards look outdated?

Mobile wallets look set to take root as consumers increasingly use their mobile phones to pay for goods and services Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Open Banking could bring an extra £1bn to UK economy

As a result of the Open Banking initiative, an additional £1bn could be available to drive the UK economy forward Continue Reading

By

• Zach Emmanuel, Computer Weekly

Post 2008 early challenger banks are now the challenged

Virgin Money was one of the earlier challengers to traditional banks and is now creating a digital bank to keep up with the times Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA