IT for financial services
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News
11 Jul 2024
Dutch research firm TNO pictures the SOC of the future
In only a few years, security operations centres will have a different design and layout, and far fewer will remain Continue Reading
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News
11 Jun 2024
Cobol knowledge crisis threatens Dutch financial systems
Expertise in complex Cobol systems, critical to major financial institutions, is dwindling in The Netherlands, resulting in retired professionals returning work Continue Reading
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News
27 Jul 2020
CTO interview: TransferGo’s Edgardo Savoy discusses skills and product innovation
Improved user experience has opened up tech to many people, but ease of use distances young people from the tech going on under the hood Continue Reading
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News
22 Jul 2020
Lloyds bank buys into cloud-native payments
Lloyds Banking Group continues its digital journey by investing in and investigating a cloud-based payments service Continue Reading
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News
22 Jul 2020
New opportunities for Nordic startups post-Covid-19 as virtual offices become the norm
As companies adjust to digital office life in the pandemic era, a host of Nordic startups are already helping them convert these short-term fixes into long-term strategy Continue Reading
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News
22 Jul 2020
BNP Paribas joins IBM financial services cloud project
IBM’s financial services cloud is gathering steam as more banks join its public cloud ecosystem of finance firms and developers Continue Reading
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News
21 Jul 2020
Why now could be the right time to launch a digital bank
Launching a bank during a global crisis is fraught with risk, but an established customer base, experience, agility and diversification could help Zopa do just that Continue Reading
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News
21 Jul 2020
HMRC extends Making Tax Digital programme
Programme to be extended gradually until April 2023 to cover business below the VAT threshold and income tax self-assessments above £10,000 a year Continue Reading
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News
21 Jul 2020
Santander consumer arm to automate further after Nordic project
Time and cost savings achieved by RPA pilot were high and customer experience improved, says bank Continue Reading
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News
20 Jul 2020
Government launches fintech review
Sector review, first touted in the 2020 Budget, aims to find ways to boost competitiveness and growth Continue Reading
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News
17 Jul 2020
BBVA explores quantum computing for banking
Early results from BBVA's research into quantum computing shows that the technology's application in complex computational tasks in banking is not far away Continue Reading
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News
16 Jul 2020
IR35 private sector reforms: Government response to Finance Bill Sub-Committee inquiry slammed
Contracting stakeholders claim HMRC and HM Treasury are ‘burying their heads in the sand’ over impact IR35 reforms are set to have on the private sector Continue Reading
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News
16 Jul 2020
Banks face fairness challenges as they commit to AI technology
Banks working with artificial intelligence technology face governance challenges to ensure AI-based decisions are fair and ethical Continue Reading
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News
16 Jul 2020
Room for improvement in Dutch digital skills
The Netherlands has good telecommunications and IT networks that can be used safely and reliably, but there is room for improvement in digital skills among the Dutch Continue Reading
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News
15 Jul 2020
Huge declines in traditional outsourcing as Covid-19 puts a stop on deals
Traditional IT outsourcing deals value plummets in the last quarter as contracts dry up amid Covid-19 disruption Continue Reading
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News
15 Jul 2020
HSBC chooses AWS for public cloud business operations
HSBC will use a cloud platform from Amazon Web Services across its business operations to accelerate its public cloud use Continue Reading
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News
15 Jul 2020
Singapore’s Project Ubin hits commercialisation milestone
A blockchain payments network prototype spearheaded by Singapore’s central bank and its partners could speed up and lower the cost of cross-border payments Continue Reading
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News
14 Jul 2020
Standard Chartered latest bank to explore quantum computing
Standard Chartered is working with researchers to establish use cases for quantum computing in the banking sector Continue Reading
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News
09 Jul 2020
HSBC customers targeted in new smishing scam
SMS phishing scam is targeting HSBC customers in the UK to trick them into handing over their bank account details Continue Reading
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News
09 Jul 2020
Locked-down Nationwide staff make 2.5 million video calls in June
Home-working technologies are no longer just a contingency for large companies, with future working practices set to change Continue Reading
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News
09 Jul 2020
Dutch banking’s transaction monitoring utility gets green light
Plans for a shared utility to monitor financial transactions in the Netherlands have been given the go-ahead after six months of proving the concept Continue Reading
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News
09 Jul 2020
Most finance firms are multicloud, but many are unprepared for public cloud cyber attacks
Financial services firms are moving to the cloud at pace, but many are uncertain whether they could cope with an attack on an application based in the public cloud Continue Reading
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E-Zine
09 Jul 2020
CW Middle East: Facing up to coronavirus
The UAE, like the rest of the world, continues to be heavily impacted by the fallout of the Covid-19 pandemic – and technology is helping to lead the fight. Also read why the the Abu Dhabi National Oil Company sees its flagship digital project in high demand, and how the coronavirus has spurred the use of financial technology in Bahrain. Continue Reading
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News
09 Jul 2020
Tencent Cloud teams up with ADBC on banking services
Singapore’s Asia Digital Bank Corporation could leverage Tencent Cloud’s financial cloud platform to provide banking services to small businesses Continue Reading
- 08 Jul 2020
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News
08 Jul 2020
Over 15 billion credentials for sale on dark web
Research by Digital Shadows reveals the scale of the security threat facing consumers as it uncovers 15 billion usernames and passwords stolen in more than 100,000 different data breaches Continue Reading
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Feature
07 Jul 2020
Auditing for algorithmic discrimination
Despite the abundance of decision-making algorithms with social impacts, many companies are not conducting specific audits for bias and discrimination that can help mitigate their potentially negative consequences Continue Reading
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News
07 Jul 2020
Banks need to think like Google and not just follow it
Banks are recruiting senior thinkers from within the IT sector as digital transformations mature Continue Reading
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News
07 Jul 2020
MSP Xchanging attacked in ransomware incident
Specialist managed services provider is restoring customer access to systems after an unspecified ransomware incident Continue Reading
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News
01 Jul 2020
Société Générale acquires fintech challenger bank
French bank acquires Shine to expand its services to small businesses and entrepreneurs Continue Reading
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News
01 Jul 2020
FCA estimates about 2.6 million Brits have bought cryptocurrency
UK financial services regulator says there has been a significant increase in ownership of cryptocurrencies in the UK Continue Reading
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News
30 Jun 2020
BNP Paribas uses biometrics to increase contactless payment limit
French bank BNP Paribas is enabling customers to make higher value contactless payments through fingerprint-recognition technology Continue Reading
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News
26 Jun 2020
Standard Chartered embarks on virtual internship programme
Bank offers 300 candidates virtual placements on internship programme Continue Reading
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News
25 Jun 2020
Peer-to-peer lender Zopa gets full banking licence
Peer-to-peer lending pioneer works towards creating the ‘Netflix of banking’ Continue Reading
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News
18 Jun 2020
Nordic business is leading open banking charge in Europe
Nordic region has the right ingredients to prove open banking can benefit consumers, businesses and the economy Continue Reading
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News
18 Jun 2020
Datacentre investment boost as Norway’s government reinstates tax relief
Government reinstates datacentre energy tax relief for cryptocurrency mining organisations after investments in the country’s datacentres drops Continue Reading
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News
16 Jun 2020
Danske Bank begins process of creating autonomous development teams
Danish bank begins the process of changing how thousands of its staff work as it attempts to be more responsive to digital demand Continue Reading
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News
15 Jun 2020
Banking trojans roar back to prominence in May
Check Point sees an upswing in malicious activity around a number of classic banking trojan malware variants Continue Reading
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News
15 Jun 2020
NatWest develops behavioural biometrics as additional authentication
Bank is working with Visa to develop behavioural biometrics technology as an extra layer of invisible authentication Continue Reading
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News
12 Jun 2020
Brits get used to life without cash
British people are getting used to life without cash, as the Covid-19 lockdown forces the adoption of digital payments Continue Reading
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News
12 Jun 2020
Santander to recruit 3,000 more IT staff
Spanish bank to recruit a further 3,000 tech staff globally to accelerate its digital transformation Continue Reading
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News
12 Jun 2020
Fake contact-tracing apps delivering banking trojans
Spoof government coronavirus apps are popping up all over the world, says the Anomali Threat Research team Continue Reading
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News
11 Jun 2020
Tech firms respond to Nordic government calls
Nordic firms are working with tech suppliers to help them get back up and running after Covid-19 Continue Reading
- 11 Jun 2020
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E-Zine
11 Jun 2020
CW Europe: 5G rush in Russia
Russian mobile operators are pooling their resources to help them overcome the technical challenges of creating 5G networks. Also read why Swedbank is rebuilding its anti-money laundering systems, and how a public-private partnership in the Netherlands is combating business email compromise fraud. Continue Reading
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News
10 Jun 2020
Coronavirus: Danske Bank to make permanent changes to working practices
Danske Bank has seen the value of remote working during the unplanned proof of concept triggered by the Covid-19 pandemic Continue Reading
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News
10 Jun 2020
CaixaBank introduces facial recognition ATMs
Spanish bank broadens its use of facial recognition technology on cash machines Continue Reading
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News
09 Jun 2020
Bankers say artificial intelligence will separate winners and losers
The application of artificial intelligence at banks will be the difference between the ones that succeed and the ones that fail in the coming years Continue Reading
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News
05 Jun 2020
Businesses develop apps quickly to manage disruption of Covid-19
Healthcare companies, insurers, government agencies and big tech companies have used technology from Pegasystems to develop apps to manage the disruption caused by coronavirus Continue Reading
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News
05 Jun 2020
Coronavirus: Digital bank Monzo cuts 120 staff
Digital challenger Monzo has announced 120 job cuts as it navigates the current economic slowdown Continue Reading
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News
05 Jun 2020
CaixiaBank gets ready to modernise IT using IBM Cloud Pak
Spanish bank extends IBM relationship with the roll-out of Cloud Pak to modernise IT, which it says will allow it to innovate in quantum computing and blockchain Continue Reading
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News
05 Jun 2020
London Tech Week to go ahead through Zoom
London Tech week will go ahead next week, with the tech industry attending through Zoom Continue Reading
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News
04 Jun 2020
Dutch organisations invest heavily in compliance – but in vain
Despite the fact that companies in the Netherlands have invested heavily to comply with GDPR legislation introduced two years ago, 90% of them are still discovering fundamental weaknesses in their IT environment Continue Reading
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News
01 Jun 2020
Employees must be consulted on technologies monitoring the return to work
Experts say the workforce must be ‘in the room’ and given a meaningful say about technologies introduced to monitor their return to work following the Covid-19 pandemic Continue Reading
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News
01 Jun 2020
HSBC platform uses AI to analyse trading data thousands of times faster
HSBC is offering its US share trading customers artificial intelligence-powered insights into public information about listed companies Continue Reading
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News
01 Jun 2020
How Saudi Arabia is using cloud to navigate the Covid-19 downturn
Organisations in Saudi Arabia are using cloud computing services to help them navigate challenges caused by the coronavirus pandemic Continue Reading
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News
29 May 2020
UK fintech investment reaches record high
Huge increases in UK fintech investment over the past three years has seen the sector explode, but most of the activity is still concentrated in London Continue Reading
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News
28 May 2020
TSB Bank digitises banking forms in response to coronavirus lockdown
As part of its 2022 digital strategy, TSB has begun rolling out electronic forms designed in Adobe XD and processed using Adobe Sign Continue Reading
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News
26 May 2020
One-third of all bank jobs are now tech-related
The proportion of jobs in banks that are technology-related is growing quickly, accelerated further by the Covid-19 pandemic Continue Reading
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E-Zine
26 May 2020
Can Lady Gaga and Madonna get people to take IT security seriously?
In this week’s Computer Weekly, after hackers threatened to release data from a US law firm’s celebrity clients, will people finally take cyber security seriously? Designing software for older users makes systems better for all – we examine how. And the IT chief at TSB explains how the bank recovered from its 2018 IT disaster. Read the issue now. Continue Reading
- 22 May 2020
- 22 May 2020
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E-Zine
22 May 2020
CW Nordics: Startups face tough decisions as coronavirus hits
Tech startups based in the Nordic region face difficult decisions as the Covid-19 pandemic leads to falling sales and investment. Also read why Swedbank is rebuilding its anti-money laundering systems, and how Nordic fintechs are developing apps to prevent more adults getting into financial difficulty. Continue Reading
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News
21 May 2020
Coronavirus: Dutch work on XR technology shows promise in pandemic scenario
Netherlands leads the way in the development of extended reality technology, which could prove its value in a crisis such as Covid-19 Continue Reading
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News
20 May 2020
Coronavirus: Bahrain sees fintech take-up surge amid Covid-19 crisis
Covid-19 has spurred the use of financial technology in Bahrain, which could boost the industry in the country and wider Gulf region Continue Reading
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News
15 May 2020
Coronavirus: Digital bank’s valuation falls as it seeks funds to ride Covid-19 storm
Monzo is seeking new investment to help it through the coronavirus pandemic Continue Reading
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E-Zine
14 May 2020
CW APAC: Trend Watch – business response to coronavirus
With countries the world over reeling from the Covid-19 coronavirus outbreak, which has meant sweeping changes both economically and socially, Computer Weekly looks at how firms in the Asia-Pacific region have adapted to what has so quickly become the new normal. Continue Reading
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News
14 May 2020
Coronavirus: Nearly £2bn of UK fintech investment lost so far
Investment into UK fintechs falls dramatically during Covid-19 pandemic as venture capitalists hold back Continue Reading
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News
14 May 2020
Deutsche Bank’s planned tech spend unaffected by global crisis
Deutsche bank is driving on with its ambitious IT investment plans, with the Covid-19 pandemic, if anything, adding fuel to it Continue Reading
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News
13 May 2020
Google-powered algorithm set to modernise insurance brokering
Algorithm, developed in conjunction with UCL, drives a Lloyd’s of London syndicate electronically Continue Reading
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News
12 May 2020
Coronavirus: Nationwide’s human expertise used to quickly build smart agent amid pandemic
Nationwide Building Society is the latest financial services company to quickly automate customer services related to Covid-19 Continue Reading
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News
12 May 2020
Banks failing to protect customers from coronavirus fraud
Just 13 of the 64 banks accredited for the government’s Coronavirus Business Interruption Loan Scheme have implemented Dmarc protection Continue Reading
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News
06 May 2020
CIO interview: Andrew Lennon, CIO, Barings, on Covid-19, data science and mergers
Forget rogue traders, Barings is still going strong, and the investment bank's CIO is leading the way with data science and other enabling technologies Continue Reading
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News
06 May 2020
Cash use to go below 5% of total spending in Middle East
Banks expect a rapid reduction of the use of cash in the region Continue Reading
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News
06 May 2020
End-users failing to protect themselves online
Remote workers and stuck-at-home consumers are taking silly risks with their security during the coronavirus pandemic, according to a report Continue Reading
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News
05 May 2020
Coronavirus: TSB develops smart agent to help staff during pandemic
TSB took just five days to design and implement a smart digital agent to answer customer questions during the Covid-19 pandemic Continue Reading
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News
04 May 2020
Coronavirus: UK finance regulator gives more time for payment security compliance
Financial Conduct Authority has extended the deadline for payment processors to meet payment security standard Continue Reading
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News
04 May 2020
NatWest Bank shutters its app based bank after five months
NatWest is closing its consumer-facing, app-based bank and increasing its focus on mobile business bank Mettle Continue Reading
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News
01 May 2020
No going back to packed workplaces after Covid-19
A recent project by IT service providers outlines how, in a post-coronavirus world, businesses like Barclays Bank will reduce their reliance on skyscrapers packed with people Continue Reading
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News
30 Apr 2020
Mobile banking customers at risk from new EventBot trojan
Customers of Barclays, HSBC, Santander and many other banks should be alert to a dangerous new trojan Continue Reading
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News
29 Apr 2020
Coronavirus: Cash use plummets during UK lockdown
Consumers are switching to digital payment methods amid the current global pandemic crisis Continue Reading
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29 Apr 2020
Coronavirus: Call for extension to European payment security standard deadline
Payment processors across Europe want more time to meet the SCA payment security standard Continue Reading
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News
28 Apr 2020
Covid-19 will decimate fintechs, but those that survive will prosper
The coronavirus will wipe out some fintechs, but those that get through it will share in the next growth phase of the industry's development Continue Reading
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News
24 Apr 2020
How likely are IT service providers to offer discounts in an unprecedented global recession?
As the global economy slows, businesses are trying to cut costs, with IT services one of the first stops – but what are the chances of a happy outcome? Continue Reading
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News
23 Apr 2020
Ransomware-stricken Travelex up for sale
Travelex’s parent Finablr is washing its hands of the ransomware-stricken forex provider as it struggles with the twin shocks of the Covid-19 pandemic and a developing fraud scandal Continue Reading
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News
23 Apr 2020
Nasdaq gives customers real-time data through cloud platform
US stock exchange uses public cloud and APIs to provide investment companies with real-time data on trading activity Continue Reading
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News
22 Apr 2020
Coronavirus: Banking and mobile sectors collaborate to stop text scams
Initiative aims to protect 50 genuine brands and government organisations from being impersonated by cyber criminals Continue Reading
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News
22 Apr 2020
Traditional banks need to do more than gloss over back-end systems with fintech paint
Banks need to work with fintechs if they are to prosper in the new world, but first they must update their back-end systems Continue Reading
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News
20 Apr 2020
Dutch organisations address business email compromise fraud
Public-private partnership in the Netherlands works to break the chains used by fraudsters to carry out BEC attacks Continue Reading
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News
20 Apr 2020
CaixaBank uses hybrid of conventional and quantum computers to classify risk
Spain's CaixaBank is using quantum computers as part of a project to assess risk using machine learning algorithms Continue Reading
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News
16 Apr 2020
Coronavirus: Cyber attacks on banks seen spiking, says Carbon Black
VMware’s Carbon Black observes a spike in cyber attacks on financial services organisations Continue Reading
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News
15 Apr 2020
Coronavirus: Lloyds Bank to give thousands of tablet devices to over-70s
Banking group is giving away tablets and basic digital training to help vulnerable customers stay connected during the UK’s Covid-19 lockdown Continue Reading
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News
14 Apr 2020
Apple and Netflix most imitated brands in phishing attacks
A new report highlights the brands which are being most frequently spoofed by cyber criminals in phishing attacks Continue Reading
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News
08 Apr 2020
IR35 private sector reforms: Blanket bans on limited company contractors hold firm despite deferral
While many firms have seized on the government’s decision to delay the roll-out of the IR35 reforms to rethink their approach, others are sticking by their decision to ban limited company IT contractors from their workforce Continue Reading
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News
01 Apr 2020
Coronavirus: Use of fintech apps in Europe accelerates
Fintech apps are being increasingly used by consumers as restrictions on their movements are put in place Continue Reading
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News
01 Apr 2020
Swedbank to rebuild anti-money laundering systems after damning report
Report finds that €36.7bn in transactions, all carrying a high risk for money laundering, were processed through the bank’s branch network in Estonia, Latvia and Lithuania Continue Reading
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News
31 Mar 2020
Gartner: Top-performing companies understand CX
Those businesses that measure customer experience, either through surveys, real-time analytics or the use of artificial intelligence, are more profitable Continue Reading
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News
31 Mar 2020
Insurance company uses artificial intelligence to assess car damage when claims are made
In the latest insurtech development, the UK arm of insurance company Ageas is using artificial intelligence to assess vehicle damage in accidents Continue Reading
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News
26 Mar 2020
Nordic fintechs urge financial literacy to be taken seriously before it’s too late
Fintechs in the Nordic region hope to prevent more adults getting into financial difficulty through apps that educate people about managing their finances at an early age Continue Reading
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News
24 Mar 2020
Norwegian banking app gives access to other banks’ accounts
Banking customers can access and make payments from their other bank accounts using the DNB Mobile Bank app Continue Reading
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24 Mar 2020
Coronavirus: Contactless spending limit increased to fight pandemic
Banking and financial services trade body UK Finance to increase spending limit for contactless payments to £45 from the start of April Continue Reading
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24 Mar 2020
Coronavirus: Fintechs create Covid Credit to help self-employed prove income loss
Financial technology professionals have created a tool that will support self-employed people claiming financial relief from the government during the Covid-19 pandemic Continue Reading
