IT for financial services

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

TSB customers can use their faces to authenticate payments

Bank’s latest addition to its mobile apps is a facial recognition option for Apple iPhone X users Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CW Benelux: Young wayward hackers could help fill Dutch IT skills gap

In this issue, read how an initiative in Rotterdam is helping young people get into the IT sector by targeting those overlooked by traditional methods. Also find out how Amsterdam’s Schiphol airport is utilising open source software to create and use a multi-cloud platform with an open API, and how the Netherlands’ Rabobank has moved from tape libraries and robotic arms to a platform-based storage and retrieval system. Continue Reading

Bangalore offers the best ecosystem for digital transformation, says Economist report

Bangalore ranked as the number one location for businesses looking to access the right ecosystem to support digital transformation Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Bank of Scotland testing out artificial intelligence on customer iPhone app

Bank of Scotland pilots artificial intelligence within its iPhone banking app. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Go beyond GDPR for a competitive edge

By exceeding the bare minimum requirements set by privacy regulations, businesses can win customers by offering greater assurances, says a business adviser Continue Reading

By

• Warwick Ashford, Senior analyst

Monique Shivanandan leaves Aviva

CIO has left the insurance company after more than three years in the role Continue Reading

By

• Lis Evenstad

Middle East blockchain forum moves to accelerate adoption of the distributed ledger technology

Blockchain technology is becoming more widely used by financial services companies in the Middle East, and is finding its way into other sectors in the region Continue Reading

By

• Edward Banda

Image recognition system clears cheques in one day

All cheques paid in the UK will be cleared on the next working day once an image-based clearing system is fully rolled out Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Nordea lays off 6,000, citing digital transformation as the driver

Nordea is cutting staff as a result of its ongoing digital transformation, which means it needs less people Continue Reading

By

• Eeva Haaramo

Nordic finance watchdogs losing patience over anti-money laundering systems at banks

The financial services watchdogs have informed banks that they have to do more to improve anti-money laundering systems Continue Reading

By

• Gerard O'Dwyer

Focus needs to shift to breach impact, says McAfee researcher

Breach investigations commonly focus on the attackers and their motives, but a security researcher believes there needs to be more emphasis on business impact Continue Reading

By

• Warwick Ashford, Senior analyst

Cloud service spending almost matches traditional IT outsourcing

Traditional outsourcing spending has plummeted in the latest three-month period, but spending on cloud-based IT services is going some way to filling the void Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

RSA’s Middle East cyber security conference gains its own identity

RSA Abu Dhabi conference focuses on region’s cyber security needs as digital technology deployments expand Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK bank Standard Chartered opens IT service centre in Bangalore

Bank is expanding its operation in India, which provides business services to its operations globally Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Dutch government agreement increasingly focuses on IT security

The coalition government in the Netherlands has agreed its plan for the next four years, with IT security prominent Continue Reading

By

• Tijs Hofmans

Some IT contractors earning more than £700 a day

Research shows 40% of contractors reach the average annual IT salary within three months Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CIOs moving to revenue-generating roles

Gartner survey shows changing role for CIOs to cover revenue generation and deriving value from data, and spending less time on traditional IT delivery Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Digitally preserving history

In this week’s Computer Weekly, we find out how cloud technologies are helping Gibraltar to digitally preserve historic documents and safeguard its cultural heritage. We examine progress on the roll-out of the new NHS national network. And our latest buyer’s guide looks at the benefits and challenges of cloud-based ERP software. Read the issue now. Continue Reading

Where the device hits the network – a mobile device management update

As business becomes increasingly mobile, we look at the latest trends in mobile device management to give businesses the edge Continue Reading

By

• Rene Millman

RHB Bank rolls out chatbot for loan applications

The Malaysian lender hopes to improve the loan application experience and grow its personal loan business by 60% through a new chatbot Continue Reading

By

• Aaron Tan, TechTarget

Amazon launches Middle East region

Amazon opens its latest delivery hub in Bahrain to serve customers in the Middle East Continue Reading

By

• Triska Hamid

Why businesses should tackle the digital workplace

IT chiefs should make implementing the digital workplace core to their company’s digitisation strategy, says analyst Gartner Continue Reading

By

• Cliff Saran, Managing Editor

Blockchain tests delivering results and IBM seen as leader

Businesses that have invested in trials of blockchain technology will repeat their investments Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Can DevOps deliver on its productivity promises?

DevOps and agile working are often cited as key elements of successful digital transformation – in this week’s Computer Weekly, we examine the challenges to delivering on that promise. Many retailers are investing in emerging technologies to gain an edge – but are they getting too far ahead of the curve? And we hear how a new spirit of collaboration could help UK broadband roll-out. Read the issue now. Continue Reading

Banks across Europe cut thousands of staff and branches as IT replaces them

Banks across Europe cut jobs and close thousands of branches as IT shakes the industry Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

BT offers enterprise customers flexible bandwidth for peak usage

New element of BT IP Connect Global WAN service will enable businesses to dial their network capacity up and down at will Continue Reading

By

• Alex Scroxton, Security Editor

Millions of customer records compromised in Equifax breach

Major security breach unfolded over a two-month period, and is thought to have affected 143 million customers in the US, as well as an undisclosed number of Britons and Canadians Continue Reading

By

• Alex Scroxton, Security Editor

Thousands of Deutsche Bank employees will be replaced by robots

The CEO of Deutsche Bank said a "big number of staff will eventually be replaced by robots” as it looks towards artificial intelligence technology Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

European Union states question copyright law proposal

European states are questioning legality of a new copyright law proposed by the EU Continue Reading

By

• Jennifer Baker

People with non-IT backgrounds could help fill cyber security skills gap

Organisations should look to fill cyber security roles with people who are curious and have work experience rather than focusing solely on graduates Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Women still under-represented in Nordic IT despite region’s efforts

Although countries in the Nordic region are often hailed as pioneers of digital and equal worker rights, there is still gender inequality in the IT sector. Continue Reading

By

• Eeva Haaramo

Government launches FTTP pilot for businesses, schools and hospitals

The government has released £10m to six FTTP trial projects around the UK, testing ultrafast broadband technology in businesses, schools and hospitals Continue Reading

By

• Alex Scroxton, Security Editor

App-based challenger bank Starling enters next stage of its journey

Thousands of people are downloading Starling’s app every week as the bank builds its customer base Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Researcher finds over 711 million compromised email accounts

A security researcher has discovered a spambot using more than 711 million compromised email accounts to spread data-stealing malware Continue Reading

By

• Warwick Ashford, Senior analyst

Challenger bank Fidor reaches 200,000 customers

Fintech trailblazer Fidor now has more than 200,000 people using its banking services, but its CEO believes the fintech environment is getting tougher Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Danske Bank taps into the cognitive capabilities of IBM Watson

Danish bank is using IBM Watson as part of a major IT outsourcing deal Continue Reading

By

• Eeva Haaramo

CW Nordics: Banks and startups increase collaboration

First they were deemed a threat, now they are potential partners. According to a new report by Nordic accelerator Fintech Mundi, banks are increasingly turning to financial technology (fintech) startups in their hunt for new ideas and market opportunities. Also in this issue, read now Baker Brun, a bakery company in Norway, is modernising its business processes through the latest technologies, and hear how Stockholm’s CIO is relishing the challenge of trying to make the Swedish capital the smartest city in the world. Continue Reading

UAE telco Du pushes SaaS adoption in Middle East

The Middle East looks set to see strong growth in software as a service and IT departments need to take a different approach Continue Reading

By

• Edward Banda

Barclays installs devices to monitor office use

Barclays bank has installed sensors connected to a cloud-based analytics platform to monitor and analyse office use Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

How banking technology has changed since the crash

In this week’s Computer Weekly, 10 years after the financial crash, we examine how banking technology has changed as a result of the economic crisis. We look at how GDPR, the EU’s new data protection laws, will affect your data storage strategies. And we ask if the cryptocurrency boom will remain a niche pursuit or whether the underlying technologies can bring benefits for enterprise IT. Read the issue now. Continue Reading

Blockchain skills in high demand and jobs being swept up quickly

Job vacancies for people with blockchain skills are being filled in just seven days, on average, once they are advertised online Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

HSBC streamlines mortgages with Capita software

Bank is using software to improve its mortgage application processes and subsequently increase business through brokers Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

World's largest’ data center planned in Norway

Norway will soon have the biggest datacenter in the world which will harness the countries rich natural resources Continue Reading

By

• Eeva Haaramo

Barclays ring-fencing project means downtime for customers

Many Barclays services will be unavailable this weekend as part of the bank's project to separate retail and investment operations Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

A decade of IT change since banking meltdown

With 10 years passing since Northern Rock had to be bailed out by the government, we look at how banking IT has changed since the financial crisis Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

BBVA tops Forrester mobile bank app chart

Spanish bank BBVA has the best mobile banking app in the world, according to Forrester Research Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

HSBC uses IBM to automate the processing of 100 million document pages

In another instance of banks adopting automation to lower costs and drive productivity, HSBC uses IBM analytics technology to cut down on its paper trail Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

China tests hack-proof quantum satellite communications

China has tested a prototype communication system that uses the principles of quantum mechanics to make it impossible for hackers to access Continue Reading

By

• Warwick Ashford, Senior analyst

Over 40% of IT professionals want another general election this year

A large proportion of IT workers in the UK want another general election this year in the hope it will stave off a hard brexit Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Nordic countries top digital nations ranking, but risk stalling

Nordic countries are leaders when it comes to digitisation – but they must continue to innovate to retain their position Continue Reading

By

• Eeva Haaramo

WannaCry hero due in court on malware charges

The Briton who played a key role in halting the global WannaCry ransomware attacks is due in court in the US to face charges in connection with the Kronos banking Trojan Continue Reading

By

• Warwick Ashford, Senior analyst

Ransom DDoS attacks on the rise

The use of distributed denial of service (DDoS) attacks to extort money from organisations is on the rise, warns security firm Kaspersky Lab Continue Reading

By

• Warwick Ashford, Senior analyst

The fields of Athenry – how Apple’s datacentre plans are causing turmoil in a small Irish town

In this week’s Computer Weekly, we look into Apple’s controversial plans to build a huge datacentre in a small town in the west of Ireland, and hear the local arguments it has caused. We find out how the Met Office is managing the vast quantities of data it uses for weather forecasting. And we examine Google plans to bring artificial intelligence tools to the job recruitment market. Read the issue now. Continue Reading

AA Ireland turns to predictive analytics in fraud crackdown

Roadside assistance company invests in analytics software to fight fraud and introduce dynamic pricing after its split with the AA Continue Reading

By

• Bill Goodwin, Computer Weekly

Nordea deploys AI to speed up customer service

Nordea is reaping the rewards of its fintech investments through its latest project to use artificial intelligence to support customers Continue Reading

By

• Eeva Haaramo

TSB to introduce iris scan authentication in September 2017

TSB customers will soon be able to access their mobile bank accounts through iris scanning, which is regarded as the most secure biometric authentication available Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

The challenge of our era - digital transformation at Allianz

The insurance firm wants to become "digital by default" and its CIO explains the vital role DevOps and cloud play in its change programme Continue Reading

By

• Jacob Abboud, Allianz Insurance

London Stock Exchange uses IBM blockchain technology

The London Stock Exchange is testing out IBM's blockchain technology in a platform to help SME operations become more transparent Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

IBM claims breakthrough in mainframe encryption

IBM says its new mainframe ushers in a new era of data protection in response to a call to action from chief information security officers and security experts worldwide Continue Reading

By

• Warwick Ashford, Senior analyst