IT for financial services

Virgin Money launches digital bank

Virgin Money is setting up a digital bank to expand into the current account and SME business account markets Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Main business objective of fintechs is collaboration with traditional finance firms

Fintechs put working with traditional financial suppliers as their most important business priority Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

NatWest opens four UK fintech hubs

NatWest has expanded its financial technology support programme at a time when entrepreneurs are more apprehensive than ever Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Cryptomining is top attack type, says Malwarebytes

Malicious cryptomining has been the top cyber criminal activity detected since September 2017, a report reveals Continue Reading

By

• Warwick Ashford, Senior analyst

2018 could be year of mobile malware, says McAfee 

Security firm announces several mobile industry partnerships as its latest mobile threat report shows mobile malware is becoming increasingly popular with cyber attackers Continue Reading

By

• Warwick Ashford, Senior analyst

Traditional banks have ridden the storm and are emerging from the other side smelling of fintech

Traditional banks have profited from fintech which was seen as a risk to their businesses Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

RBS’s first profit in a decade accompanied by major first for mobile channel

News of its first profit in 10 years might overshadow a major first for the Royal Bank of Scotland’s mobile channel Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Unprotected Kubernetes consoles expose firms to cryptojacking

A number of big companies have been targeted by crytojacking attacks, where cyber criminals hijack computing power to mine cryptocurrencies, but some have unprotected Kubernetes consoles in common Continue Reading

By

• Warwick Ashford, Senior analyst

MPs run the rule over digital currency to identify risks and opportunities

MPs are taking a close look at the potential opportunities and risks associated with the UK adoption of cryptocurrencies and the technology that underpins them Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

First Direct pilots open banking platform

HSBC's internet banking platform is testing out its service that enables customers to put all their bank accounts, from multiple providers, in one place Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CW Nordics: Nordics CIOs’ priorities in 2018

A select group of CIOs and analysts in Denmark, Finland, Norway and Sweden give their views on the top IT priorities in 2018. As in 2017, digital transformation will continue to be a buzzword. Also read how Sweden is tightening up its cyber security defences as part of a wider national security strategy, and how Nordic banks cannot afford to slow their digital transformations as PSD2 comes into force. Continue Reading

Email attacks and incident detection top security challenges

Email inboxes are the weakest link in security perimeters, and companies struggle with detecting security incidents quickly and accurately, a report finds Continue Reading

By

• Warwick Ashford, Senior analyst

UK organisations failing to take action against fraud

UK organisations are facing increasingly complex and costly incidents of fraud partly due to increasing cyber fraud, yet few are making use of the anti-fraud technologies available, a survey has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Nordic banks face digitisation decisions over PSD2

 Continue Reading

Lloyds Bank announces three-year digital transformation

Lloyds Bank has announced plans to transform how it serves customers through substantial digital investment Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Security leaders investing in automation and AI, study shows

Automation and artificial Intelligence are being used to defend against cyber threats, says report, but experts warn that these tools and technologies can be exploited by attackers Continue Reading

By

• Warwick Ashford, Senior analyst

UK fintechs preparing for the worst Brexit

UK Fintechs are implementing their Brexit plans and it means the UK is losing jobs now could be bypassed for future roles Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UAE makes artificial intelligence leap

The UAE is investing in becoming a global pioneer in the use of artificial intelligence technology in various sectors of its economy Continue Reading

By

• Alicia Buller

UK finance regulator collaborates with US counterpart on fintech

The FCA is working with a US finance regulator to support financial technology companies on both sides of the Atlantic Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Enterprise opportunities for smart speakers

In this week's Computer Weekly as voice-activated smart speakers grow in popularity, we examine how IT teams can use the technology in enterprise applications. Our latest buyer's guide looks at the latest developments in customer relationship management (CRM). And UK tech sector leaders tell Parliament why they are so worried about the industry's prospects after Brexit. Read the issue now. Continue Reading

Take-up of chatbots will accelerate over next two years

Chatbots and artificial intelligence are becoming an increasingly important part of customer services Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

US sentences two Russians for huge data breaches

The US has sentenced two Russian cyber criminals who targeted major payment processors, retailers and financial institutions around the world, as the US joins the UK in condemning Russia for the 2017 NotPetya attacks Continue Reading

By

• Warwick Ashford, Senior analyst

F-Secure warns against ‘evil maid’ attacks

Business people are being urged not to underestimate the importance of physical security for their laptops, which can be used as entry points by attackers if not adequately protected Continue Reading

By

• Warwick Ashford, Senior analyst

Cash will remain in use in Eurozone for a very long time, says central bank

Cash seems set to survive the onslaught of digital payments, at least in countries that use the euro Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Technology spend growing at expense of trader salaries

Investment firms are spending a larger proportion of their budgets on software as data and artificial intelligence technology is seen to provide a competitive advantage Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Blockchain to give global LGBT community a louder economic voice

Blockchain will underpin a global platform that aims to give the LGBT community a more powerful economic voice Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Nordic banks plan common cross-border payment infrastructure

Banks in the different Nordic countries plan to move to a shared payments infrastructure Continue Reading

By

• Eeva Haaramo

Australia’s national payment system will ease peer-to-peer payments

New Payments Platform is expected to accelerate the decline of cash and cheques in Australia, as well as simplify invoicing for businesses through overlay services Continue Reading

By

• Aaron Tan, TechTarget

Cyber security awareness top priority in financial sector

Information security chiefs in the financial sector say cyber security awareness needs to be a top priority Continue Reading

By

• Warwick Ashford, Senior analyst

Cryptocurrency mining consuming more electricity than Iceland’s homes

Cryptocurrency mining in Iceland could use more power than all the households in the country combined Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

How worried about Brexit are fintech companies?

Fintech companies could be the hardest hit tech firms in the UK if there is no good deal with the EU after Brexit Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

FS-ISAC enables safer financial data sharing with API

The global financial industry's body for cyber and physical threat intelligence analysis and sharing has published an API to facilitate safer sharing of consumer financial information Continue Reading

By

• Warwick Ashford, Senior analyst

Belgian police share Cryakl ransomware keys

The Belgian police have released free decryption keys for the Cryakl ransomware through the No More Ransom project Continue Reading

By

• Warwick Ashford, Senior analyst

UK fintech faces biggest hit if Brexit deal goes sour

The UK's growing fintech sector could be hit very, very hard by a bad deal or no deal between the EU and UK Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Europe in the firing line of evolving DDoS attacks

The Europe, Middle East and Africa region accounts for more than half the world’s distributed denial of service attacks, a report from F5 Labs reveals Continue Reading

By

• Warwick Ashford, Senior analyst

Norway’s government backs cyber defence mobilisation

Norway has accelerated plans to scale up its national security infrastructure against threats emanating from the cyber domain Continue Reading

By

• Gerard O'Dwyer

Teenager suspected of crippling Dutch banks with DDoS attacks

A large distributed denial of service attack on banks and other organisations in the Netherlands, first thought to emanate from Russia, is now thought to have been launched by a local teenager Continue Reading

By

• Tijs Hofmans

Mobile biometrics set to be game-changer in APAC

Telcos, financial institutions and other industry players risk losing market share if they do not keep up with the demand for security, convenience and mobility Continue Reading

By

• Lareinna Roxanne Lee and Quah Mei Lee

Stay of execution for RBS branches and free devices for some customers

RBS is offering free training and devices to some customers in Scotland to help them eventually live without bank branches Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Lloyds Bank cuts CIO workforce

Lloyds Banking Group is changing the skills make-up of its IT team to support demand for digital services Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK leads international crackdown on Luminosity spyware

Law enforcement agencies shut down international support network for a hacking tool that allowed cyber criminals to gain remote control of victims’ computers Continue Reading

By

• Warwick Ashford, Senior analyst

Security Think Tank: Take care of security basics before automating

How can organisations evolve their security operations teams to do more automation of basic tasks and cope with dynamic IT environments? Continue Reading

By

• Greg Temm

Appeals court rules Lauri Love will not be extradited over US hacking charges

The lord chief justice, Lord Burnett, says 33-year-old engineering student Lauri Love will not be extradited to the US to face hacking charges, in a landmark legal decision, and the Crown Prosecution Service should bring proceedings against Love in the UK Continue Reading

By

• Bill Goodwin & Julia Gregory

Buying cryptocurrency on credit is so risky Lloyds Banking Group won’t let customers do it

If you are a Lloyds Banking Group credit card holder that fancies a flutter on cryptocurrencies ,think again it's banned. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

European Commission eyes blockchain opportunity

The European Commission is aiming to get the most out of blockchain technology in a wide variety of sectors Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Businesses urged to patch against cryptocurrency-mining botnet

Researchers have uncovered further evidence that cyber criminals are cashing in on the popularity of cryptocurrencies, with the discovery of a global cryptocurrency-mining botnet Continue Reading

By

• Warwick Ashford, Security Editor

Dutch companies not ready for GDPR despite approaching deadline

Organisations in the Netherlands are racing towards General Data Protection Regulation compliance, but there is still much to be done Continue Reading

By

• Tijs Hofmans

Many businesses still using outdated security, says Troy Hunt

Too many businesses are using out-of-date approaches to security, a world-renowned cyber security author and trainer warns Continue Reading

By

• Warwick Ashford, Security Editor

GDPR requests to take thousands of hours a month, says survey

A recent survey predicts organisations will potentially face thousands of customer requests about their personal information every month, with many unprepared for GDPR compliance Continue Reading

By

• Antony Adshead, Storage Editor

Swedish banks embrace rapidly evolving chatbots

Artificial intelligence is playing an increasingly important business role for Sweden’s banks – and chatbots are the starting point for many Continue Reading

By

• Eeva Haaramo

Carillion not a like-for-like comparison with IT services firms, but an overt reminder

Although Carillion’s problems are unlikely to hit major IT services suppliers, its collapse is a reminder of the need to ensure good governance Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Davos: Cyber risks grow as countries turn towards protectionism

The cost of natural disasters is now at record levels, but the cost of cyber crime is far higher. The World Economic Forum hopes to persuade governments to work together on the problem, but with isolationist politics back in fashion, can it succeed? Continue Reading

By

• Bill Goodwin, Computer Weekly

Millennials set to disrupt authentication, shows IBM study

Young adults are lax on passwords, but are more comfortable than older generations with biometric and multifactor authentication, an IBM study shows Continue Reading

By

• Warwick Ashford, Security Editor

Hefty fines confirmed for CNI providers with poor cyber security

The government has confirmed that critical infrastructure providers with poor cyber security face fines of millions of pounds as the National Cyber Security Centre publishes new guidance for the industry Continue Reading

By

• Warwick Ashford, Security Editor

Fintech based banks need more differentiation to convince consumers to ditch traditional players

New banks are putting too much importance on their digital usability as a way to win over coustomers Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Dark web Dream Market drives cyber fraud industry

An international operation shut down the AlphaBay and Hansa marketplaces in July 2017, but new ones have sprung up on the dark web, with one in particular helping to drive cyber fraud Continue Reading

By

• Warwick Ashford, Security Editor

Mastercard sets biometric ID deadline for banks

Mastercard has committed to guaranteeing that every one of its customers will have access to biometric authentication services by April 2019 Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Interview: Kaspar Korjus, Estonian e-Residency lead

As the number of people signing up to become Estonian e-residents exceeds the country’s birth rate, Computer Weekly speaks to the man heading up the programme Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Will banking regulations create a new Big Bang?

In this week's Computer Weekly, we look at two important new financial services regulations, PSD2 and open banking, which promise to revolutionise the industry by opening up customer data. We ask security researchers to explain the Spectre and Meltdown processor flaws and how to tackle them. And we examine the NVMe protocol and its likely benefits for storage technologies. Read the issue now. Continue Reading

NRF 2018: Cryptocurrencies “won’t take off”, says Visa executive

Visa’s CEO, Alfred Kelly, told retailers at the 2018 NRF Big Show that bitcoin and other cryptocurrencies should be low on their list of priorities Continue Reading

By

• Clare McDonald, Business Editor

IT of world’s banks is moving on from crippling regulation

Banks need to invest more in fintech and IT skills as they emerge from years of stagnation Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Cyber attackers exploiting trust in FTP servers

Some cyber attackers are exploiting trust in FTP servers to distribute malware, security researchers warn Continue Reading

By

• Warwick Ashford, Security Editor

Cloud firm speeds customer analytics with Pure Storage arrays

Cloudhelix replaces Pernix Data storage with Pure Storage FlashArray products to provide “brute force” performance approach for unpredictable customer workloads Continue Reading

By

• Antony Adshead, Storage Editor

Nordic IT executive interview: Daniel Kjellén, CEO, Tink

Sweden could have a head start in the race to open up banking through the European Union’s PSD2 regulation Continue Reading

By

• Eeva Haaramo

Next-gen Mirai botnet targets cryptocurrency mining operations

A variant of the Satori botnet, a successor of the IoT device hijacking Mirai botnet, is designed to hijack cryptocurrency mining operations, syphoning off newly created digital coins Continue Reading

By

• Warwick Ashford, Senior analyst

North Korean hackers tied to cryptocurrency attacks in South Korea

North Korea's Lazarus Group targeted South Korean cryptocurrency exchanges and users in late 2017, but may soon go after exchanges and users in other countries, warns report Continue Reading

By

• Warwick Ashford, Senior analyst

Davos: Disintegration of the internet could create economic turmoil

Politicians and business leaders will discuss the risks posed by fake news, cyber attacks, and artificial intelligence to jobs, political stability and global security, at the World Economic Forum in Davos Continue Reading

By

• Bill Goodwin, Computer Weekly

UBS uses predictive analytics to manage its travel spend

Swiss bank is getting a better insight into its business travel costs through an automated software platform Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Financial savings just the beginning for CIOs who understand code quality

Businesses need to understand the quality of the code in their applications if they are to avoid unnecessary costs and glitches Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Abu Dhabi continues fintech agenda in 2018

Abu Dhabi is open to developing its fintech ecosystem, with the next 12 months expected to see more focus on the sector Continue Reading

By

• Alicia Buller

Hard Brexit risks 92,000 UK science and technology jobs

Economic analysis commissioned by London mayor Sadiq Khan warns that thousands of jobs in science and technology sectors be at risk if UK crashes out of EU with no deal Continue Reading

By

• Alex Scroxton, Security Editor

As open banking hits UK is it time to dispel the Google Bank theory?

As the UK embarks oon a journey to open retail banking up to more competition it is time to stop talking about Google Bank? Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UAE tech growth prompts firms to review internal IT security

As IT becomes more prominent in the UAE economy, more and more internal connections between people and systems are created, all of which need to be secured Continue Reading

By

• Alicia Buller

Inside DBS Bank’s digital journey

The Singapore-based bank laid the foundation for its digital strategy a decade ago, starting with an overhaul of its IT systems before going big on cloud computing in later years Continue Reading

By

• Aaron Tan, TechTarget

Dutch bank tests wearable technology payments

ABN Amro is testing out wearable payment devices with 500 customers as part of a four-month pilot Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Cyber attacks in 2017 drive Nordic security efforts

The volume of cyber attacks last year has increased boardroom focus on security in the Nordic region Continue Reading

By

• Eeva Haaramo

Google puts its payment services under one roof

Internet giant is bringing all its payment services under the Google Pay brand, making them “simpler, safer and more consistent” Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Insurance broker Simply Business ditches legacy MPLS for SD-WAN

Insurance business finds networking a breeze after ditching its unresponsive managed services provider and implementing VeloCloud’s latest software-defined wide area network technology Continue Reading

By

• Alex Scroxton, Security Editor

London attracted record tech investment in 2017

London-based tech firms received record levels of venture capital funding last year Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Nordic banks face digitisation decisions over PSD2

With the latest version of the EU payment services directive coming into force, traditional Nordic banks can’t afford to slow their digital transformations Continue Reading

By

• Eeva Haaramo

Top IT priorities for Nordic CIOs in 2018

Nordic CIOs tell Computer Weekly about their intentions for the year ahead Continue Reading

By

• Eeva Haaramo

Top 10 CIO interviews of 2017

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

By

• Bryan Glick, Editor in chief

Top 10 enterprise IT in the Nordics stories in 2017

The Nordic region might be best known in IT circles for its startup communities – but it has much more to offer Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CW Europe: Eurosport pumps up digital technology for cycling fans

Read how Eurosport is using a novel combination of technology and information to develop immersive viewing experiences for sports fans across a range of platforms. Also find out how Russian state bank Vneshekonombank expects to become a vehicle for a blockchain revolution in the country’s public sector, and what the European Parliament's approval of a new electronic system to store biometric information might mean for UK citizens after Brexit. Continue Reading

Innovation key to halt cyber attacks

In the light of the number of cyber breaches taking place, innovative security systems are required, according to the UK National Cyber Security Centre (NCSC) Continue Reading

By

• Warwick Ashford, Senior analyst

Workers should embrace robots, not fear them, says Labour deputy

Labour deputy leader to say workers need not fear robots taking their jobs, but welcome the opportunities they will bring Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Bumps in the road ahead for Nordic cashless societies

Sweden and Norway are global leaders when it comes to reducing the use of cash in the economy – but what about the Nordic region as a whole? Continue Reading

By

• Gerard O'Dwyer

Russian-speaking hackers targeting financial institutions

A Russian-speaking cyber criminal gang is targeting financial institutions in the UK, US and Russia, a Moscow-based security firm reports Continue Reading

By

• Warwick Ashford, Senior analyst

Hackers steal nearly $80m in bitcoin

Hackers have stolen nearly $80m worth of bitcoin from a bitcoin mining service as the cryptocurrency’s value continues to skyrocket Continue Reading

By

• Warwick Ashford, Senior analyst

UKtech50 2017 - The most influential people in UK IT

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

By

• Lis Evenstad

CIO interview: Carlos Abarca, TSB

Carlos Abarca is guiding TSB through its migration from systems hosted by a competitor to a digitally focused in-house core banking platform. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Bitcoin industry enters top 10 DDoS targets

The bitcoin industry has become one of the top 10 industries most targeted by distributed denial of service attacks, a report has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Barclays Bank stops offering Kaspersky software to new users

Bank is no longer offering customers Kaspersky anti-virus software after UK security agency issues warning Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Norway merges payment systems to combat global competition

Norwegian banks are merging three payment and identification systems in the face of increased competition from companies in other countries Continue Reading

By

• Eeva Haaramo

Fintech is increasing operational risk to banks

European Banking Association report reveals fear of greater operational risk because of increased take-up of fintech in financial services sector Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK IT professionals could lose out in a free trade deal between UK and India

There could be an increase in Indian IT professionals coming to work in the UK post-Brexit if a new trade deal is signed with India Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CW Nordics: IT companies focus on job satisfaction

The Nordics IT industry’s increasing focus on job satisfaction is paying off. Computer Weekly’s global salary survey shows Nordic IT professionals are happy with their pay and training opportunities and few are actively seeking a new job. Also in this issue, read how there is still gender inequality in the IT sector despite Nordic countries being hailed as pioneers of digital and equal worker rights. And Anna Eriksson, CIO of the Swedish National Land Survey, talks about the organisation’s approach to digital transformation. Continue Reading

Private Swiss bank Julius Baer to save $1m a year with cloud HR

Julius Baer banks on higher returns after replacing on-premise systems with cloud HR services Continue Reading

By

• Bill Goodwin, Computer Weekly

Post Office court case judge issues warning to legal teams

The high court judge managing the sub-postmasters versus Post Office legal case over an allegedly faulty computer system tells legal teams to cooperate Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

DBS teams up with Equinix to reduce datacentre footprint

Building on earlier efforts to harness cloud computing to support growing compute workloads, DBS’s new private cloud datacentre will be smaller, greener and cheaper to run Continue Reading

By

• Aaron Tan, TechTarget