IT for financial services

Met Office bids to make climate data more accessible with Esri

The Met Office is offering a new data portal, built on Esri’s geographic information systems technology, to enable users to understand local and national impacts of climate change Continue Reading

By

• Brian McKenna, Enterprise Applications Editor

HSBC explores quantum-safe comms to AWS edge

Banking group HSBC is looking at how to secure transactions and the benefits of quantum computing in finance Continue Reading

By

• Cliff Saran, Managing Editor

BBVA launches tech job portal as it continues to add talent

Spanish bank BBVA ramps up its tech recruitment strategy with new online portal and target of 2,600 more people Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Deutsche Bank completes migration of millions of Postbank customers

Deutsche Bank has completed the migration of 12 million Postbank customers to its banking platform Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Has mobile become the battleground for banking?

Head of Insights at data.ai discusses the unstoppable freight train that is the mobile banking revolution Continue Reading

By

• Lexi Sydow

GDPR tax reclaim scheme preys on fears of SMEs

IT suppliers are a target of companies offering a tax reclaim scheme that preys on small businesses’ fears around General Data Protection Regulation compliance Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Infosys to acquire Danske Bank Indian IT centre as part of $454m outsourcing deal

Agreement will accelerate Danske Bank’s digital transformation and widen Infosys’ growing customer base in the Nordic region. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

HSBC leaving Canary Wharf headquarters

HSBC is to leave its current Canary Wharf headquarters by 2027 as hybrid-working policies reduce demand for office space Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK pension scheme expands relationship with IT services giant TCS

Tata Consultancy Services retains contract with UK pension scheme for another decade after extending a contract that was first signed in 2011 Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Lloyds Bank to open tech centre in India

UK bank taps into Hyderabad tech ecosystem by opening a tech centre focused on improving digital experiences for customers Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Software spending grows fastest as finance firms spend $652bn on tech in 2023

Banks and investment firms are increasing their spending on IT despite gloomy economic outlook, but priorities have changed Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Co-op Group adds nearshore engineering resources

Manchester headquartered Co-op group adds additional engineering resources as competition for talent in the UK ramps up Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Mizuho Financial Group trials generative AI for development and maintenance

Japanese bank is working with Fujitsu to explore potential for using generative artificial intelligence technology in system development and maintenance Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

PCI compliance

PCI compliance is adherence to the set of policies and procedures developed to protect credit, debit and cash card transactions and prevent the misuse of cardholders' personal information. Continue Reading

By

• Nick Barney, Technology Writer
• Ben Cole, Executive Editor

Prime minister Rishi Sunak faces pressure from banks to force tech firms to pay for online fraud

The UK’s major banks have told the prime minister to force tech firms to do more to prevent fraud that the banks end up paying for Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Early June Microsoft outages were result of large-scale DDoS hit

Investigations into recent outages on Microsoft Azure and Outlook services have turned up evidence of a massive distributed denial-of-service attack Continue Reading

By

• Alex Scroxton, Security Editor

Jordan’s Ahli Bank launches app on cloud-native platform

Middle East bank launches app on latest cloud-native banking platform from Google-inspired company Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Visa takeover means economic turmoil won’t slow Tink’s progress

Tink is one of the pioneers of the open banking sector, and under Visa’s light-touch ownership is continuing to think like a startup Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Dutch government puts up €123m to address shortage of ICT workers

Financial injection aimed at improving cooperation between vocational education and business in the Netherlands, and making the tech professions more attractive Continue Reading

By

• Kim Loohuis

Collaboration in finance sector develops prototype API for digital currency

The Bank for International Settlements and the Bank of England worked with private sector on central bank digital currency experiment Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

BBVA uses AI and analytics services from AWS

BBVA invests in Amazon Web Services cloud platforms to help transform itself into an organisation driven by AI and data Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Citi US Personal Banking turns to AI to ‘delight’ customers with personalised services

Citigroup’s US Personal Banking business has created a repository of customer data and is rolling out a decision engine to provide customers with personalised services Continue Reading

By

• Bill Goodwin, Computer Weekly

TSB calls on Meta to intervene and protect users from fraud losses of £250m this year

TSB is the latest bank to demand more action from social media sector in helping to reduce online fraud Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banks still investing heavily in legacy payments systems

Banks are missing out on additional revenues through payment services because they are stuck with inflexible legacy payments systems. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Belgian bank leaps forward in digital transformation through core banking outsourcing deal

Online bank moves to a software-as-a-service core banking platform to ‘leapfrog’ in-house development Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

GoCardless cuts jobs and wants its ‘startup spirit’ back

Payments fintech unicorn GoCardless will cut its workforce in the UK as part of a 15% reduction in its global workforce Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Delayed Making Tax Digital programme to cost taxpayers extra £1.5bn

HM Revenue and Customs’ (HMRC) Making Tax Digital programme, which is running several years behind schedule, is expected to cost five times more than planned, National Audit Office (NAO) report finds Continue Reading

By

• Lis Evenstad

Annual spend on regtech to reach more than £200bn by 2028

Global corporates will spend over $200bn in 2028 as the technology is used to help organisations in more industries comply with complex regulations. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Sweden’s Ikano Bank outsources core banking to TCS

Ikano Bank moves to cloud banking platform from Indian IT services giant Tata Consultancy Services Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK gets new rules to regulate crypto sector

The Financial Conduct Authority is introducing new rules to regulate the cryptoasset sector, after being handed a government remit to oversee crypto promotions Continue Reading

By

• Alex Scroxton, Security Editor

UKtech50 2023: The most influential people in UK technology

Computer Weekly has announced the 13th annual UKtech50 – our definitive list of the movers and shakers in the UK tech sector Continue Reading

By

• Lis Evenstad

UKtech50 2023 winner: Michelle Donelan/Chloe Smith, secretary of state, DSIT

Computer Weekly looks at the achievements and successes of the Department for Science, Innovation and Technology, as its secretary of state is recognised as the most influential person in UK technology for 2023 Continue Reading

By

• Lis Evenstad

NatWest and University of Edinburgh form partnership to research data use in banking sector

Scottish university and banking group set up research centre that will aim to improve the use of banking data Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Open banking regulator sets out next steps

Plans for ongoing evolution of the UK open banking sector have been set out by regulator in bid to grow the open banking sector in a ‘safe, scalable and economically sustainable way’ Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Payments regulator makes APP fraud reimbursement mandatory

UK payments regulator confirms changes to rules around repaying customers who lose money to authorised push payment fraudsters Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Indian IT services giant takes UK teachers’ pensions contract from Capita

Tata Consultancy Services bolsters its growing UK public sector customer base with key contract win Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Mercedes Pay turns vehicles into payment devices

German car manufacturer add contactless payment feature to enable drivers to find and book parking spaces and pay automatically when they arrive Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Bank of International Settlement sets up channel secure from quantum breach

The Bank of International Settlement has worked with two of Europe's central banks to explore preventing the security risks posed by quantum computers Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK has time limit on ensuring cryptocurrency regulatory leadership, says Parliamentary report

Parliamentary report makes 53 recommendations to the government's plans to regulate cryptocurrency Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Sweden is developing its own big language model

Artificial Intelligence Sweden is leading an initiative to build a large language model not only for Swedish, but for all the major languages in the Nordic region: Danish, Swedish, Norwegian, Icelandic, and Faroese Continue Reading

By

• Pat Brans, Pat Brans Associates/Grenoble Ecole de Management

HSBC explores quantum computing for finance sector

UK banking giant works with quantum computing specialist to explore the technology’s potential in the finance sector Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Lloyds Bank calls on tech companies to control social media ‘wild west’

Lloyds Banking Group is calling on tech giants to step forward in the fight against online fraud, which emanates in the social media ‘wild west’ Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Europe’s central bank reveals drop in Euro Zone card fraud

Euro Zone card fraud drops with card-not-present scams down following the introduction of Strong Customer Authentication rules Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Downstream breaches of Capita customers spreading

As many as 90 organisations that used Capita services have now reported data breaches arising from various security incidents at the outsourcer Continue Reading

By

• Alex Scroxton, Security Editor

Tech jobs to go as part of JPMorgan layoffs

According to reports, US banking giant to cut hundreds of jobs, including role reductions in technology and operations Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Five key steps where there is a risk of fraud investigation

When fraud investigators come knocking, there are some important ways in which management and senior IT professionals can make sure their company is best protected. Continue Reading

By

• Caroline Day and Phil Taylor

Fintech pioneer Anne Boden steps aside from challenger bank CEO role

Fintech pioneer to step aside for a new CEO after 10 years building a UK banking unicorn Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Kuwait bank introduces biometric payments card

Middle East bank launches payment cards with fingerprint sensor technology embedded Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

JPMorgan’s UK digital retail bank adds more than a million customers in a year

The app-based bank launched in the UK by US giant JPMorgan has added one million customers in the past 12 months Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Visa to recruit 1,500 tech staff in Poland

Visa’s latest global tech hub will recruit up to 1,500 staff, with focus on artificial intelligence, cyber security, and resilience in payments and ecommerce sectors Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Microsoft and Google go into battle for enterprise AI

In this week’s Computer Weekly, as developments in generative AI accelerate, Microsoft and Google have each unveiled their plans around enterprise applications. Nobody doubts the importance of digital transformation – but experts say it won’t work without cultural change as well. And we examine the emerging practice of FinOps as part of cloud automation projects. Read the issue now. Continue Reading

UKtech50 2023: Vote for the most influential person in UK technology

Our judges have selected the top 50 leaders from a shortlist of more than 300 people – now it’s your chance to tell us who you think is the most influential person in UK technology Continue Reading

By

• Lis Evenstad

Black Basta ransomware attack to cost Capita over £15m

Exceptional costs arising from the March 2023 Black Basta ransomware attack on the systems of outsourcer Capita will be somewhere between £15m and £20m, the organisation says Continue Reading

By

• Alex Scroxton, Security Editor

UKtech50 2023: The longlist of the UK’s influential tech leaders

Each year, Computer Weekly launches a search for the most influential people in UK IT, asking the tech community who it thinks should be in the top 50 – here is the longlist of everyone nominated for 2023 Continue Reading

By

• Lis Evenstad

Capita pension clients told data may have leaked

Capita has told trustees of some of the pension funds for which it provides outsourced services that their customer data may have been stolen by the Black Basta ransomware operation Continue Reading

By

• Alex Scroxton, Security Editor

Open banking use to increase 470% in next four years, driven from Europe

Europe is leading the surge in the take-up of API-based open banking services, according to Juniper Research Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Santander reports increase in scams and admits fraud head was impersonated

Santander has reported an increase in impersonation scams, and admitted its own head of fraud was impersonated by a fraudster Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Age UK calls for physical banking hubs as older people demand face-to-face banking

UK charity calls for banks and government to speed up the introduction of physical banking hubs as research reveals millions of older people don’t bank online Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Government anti-fraud strategy targets the tech behind the scams

The UK government’s anti-fraud strategy proposes to make it much harder for criminals to target their victims by cracking down on the exploitation of technology Continue Reading

By

• Alex Scroxton, Security Editor

Zopa’s emotional journey to becoming a bank

Zopa Bank’s CEO sees no reason why the app-based bank should not be as big as the high street giants Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Lloyds Bank joins industry IT standards group

UK banking giant Lloyds Banking Group has joined an industry group which promotes global IT standards Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banks don’t want to develop fintech in-house

Banks are increasingly partnering with fintechs to gain access to their platforms, with few interested in developing such capabilities in-house Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK SMEs are the most tech savvy in Europe

UK SMEs have taken to contactless payments faster than their counterparts in continental Europe Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

IT Priorities 2023: Budget optimism among EMEA IT leaders

IT leaders across the EMEA region are optimistic that their budgets will increase over the coming year Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Global finance firms take part in NATO cyber attack simulation

Global financial services organisations take part in NATO annual event which simulates cyber attacks on critical infrastructure Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Fintechs get more certainty about open banking’s future direction

Fintechs have welcomed the UK open banking regulators recommendations for the future of the sector Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Reduced spending on cloud services weighs European IT services market down

Reduced spending on cloud services in the EMEA region meant a year-on-year drop in total IT and BPO services spend Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Why IAM systems are crucial for securing multicloud architecture

As business tools evolve into cloud-based services, organisations are finding themselves becoming ever more reliant on the cloud, but how can data be secured across so many different platforms? Continue Reading

By

• Peter Ray Allison

Former TSB CIO fined for migration meltdown

Both TSB and its CIO have now been fined for the catastrophic migration of TSB’s core banking system Continue Reading

By

• Cliff Saran, Managing Editor

Thousands at risk from critical RCE bug in legacy MS service

Thousands of organisations worldwide are at risk from three vulnerabilities – one critical – in a legacy Microsoft service that they may not be aware they are running Continue Reading

By

• Alex Scroxton, Security Editor

Three charged over banking fraud for hire website

UK authorities have charged three men in connection with the operation of a website that sold social engineering tools to cyber fraudsters Continue Reading

By

• Alex Scroxton, Security Editor

Sweden and Finland make advances in quantum computing

Separate Swedish and Finnish quantum computing projects make promising advances in the technology of the future Continue Reading

By

• Gerard O'Dwyer

April Patch Tuesday fixes zero-day used to deliver ransomware

A zero-day in the Microsoft Common Log File System that has been abused by the operator of the Nokoyawa ransomware is among 97 vulnerabilities fixed in April’s Patch Tuesday update Continue Reading

By

• Alex Scroxton, Security Editor

Gartner: Rebalance cyber investment towards human-centric elements

Security decision-makers need to reprioritise their investment outlooks towards people, rather than technology, according to the latest market forecast from Gartner Continue Reading

By

• Alex Scroxton, Security Editor

Bank of England starts recruiting Britcoin team

The Bank of England is recruiting people to join its team focused on the development of a digital pound Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Deutsche Bank to close Russian software operations

German bank has been winding down its Russia-based software development operations and is close to shutting them down Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UKtech50 2023: Help us find the most influential people in UK IT

Computer Weekly’s annual search for the 50 most influential people in UK IT is back – let us know who you would like to nominate for this year’s list Continue Reading

By

• Lis Evenstad

Security Think Tank: Adopt a coherent framework for ID first security

With IAM central to enabling appropriate access to cloud-based services, identity first security is becoming a key trend for IAM in the cloud. Continue Reading

By

• Andrew Peel

Experian names AWS as preferred cloud partner for multi-year off-premise migration project

Credit reporting agency Experian is embarking on a multi-year cloud migration project with AWS Continue Reading

By

• Caroline Donnelly, Senior Editor, UK

Quick-acting Rorschach ransomware appears out of nowhere

Emergent Rorschach ransomware strain is highly advanced and quite unusual in its capabilities, warn researchers, who say they have been unable to link it to any other known strains Continue Reading

By

• Alex Scroxton, Security Editor

Nordic app-based bank offloads its peer-to-peer lending business

Danish fintech Lunar has sold its peer-to-peer lending business to Sweden’s SaveLend Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Threat researchers dissect anatomy of a Royal ransomware attack

Trellix researchers share the inside track on a Royal ransomware attack that hit one of its customers in late 2022 Continue Reading

By

• Alex Scroxton, Security Editor

UAE central bank selects partners for phase one of digital currency programme

The UAE central bank has kicked off the first phase of its project to launch a digital currency Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Over 90% of organisations find threat hunting a challenge

Understaffed security teams and high levels of background noise are making basic security operations tasks a chore for defenders, according to a report Continue Reading

By

• Alex Scroxton, Security Editor

Lloyds and NatWest banks join Barclays in latest round of branch closures

Lloyds and NatWest banks announce more branch closures as UK high streets continue to be stripped of banking services Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Generative AI central to Accenture’s tech vision

Generative AI will play a central role over the next 10 years as the digital and physical world become more and more integrated Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

OSC&R supply chain security framework goes live on Github

The OSC&R framework for understanding and evaluating threats to supply chain security has made its debut on Github to allow anybody to contribute to the framework Continue Reading

By

• Alex Scroxton, Security Editor

NCSC issues revised security Board Toolkit for business leaders

National Cyber Security Centre calls on CEOs and senior business leaders to take a more hands-on approach to cyber resilience with the launch of revised board-level tools Continue Reading

By

• Alex Scroxton, Security Editor

How millions of consumers and businesses are using open banking

SMEs and consumers are increasingly turning to open banking services to help them manage their businesses and lives Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Climate change vs technology: Study suggests tech investments could mitigate environmental risks

Bloomberg Media report, sponsored by investment firm Mubadala, highlights human impacts of various industry megatrends, including climate change and technology adoption Continue Reading

By

• Caroline Donnelly, Senior Editor, UK

UK’s open banking industry at a crossroads

The UK open banking sector is at a crossroads and suppliers need more certainty about its direction, says report Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Lloyds Bank looking for fintech partners

Lloyds Banking Group wants to partner startups in the financial services sector in its latest fintech and insurtech programme Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Apple security updates fix 33 iPhone vulnerabilities

A larger-than-usual update to Apple’s mobile operating system fixes more than 30 distinct vulnerabilities, including two serious issues that may potentially affect device kernels Continue Reading

By

• Alex Scroxton, Security Editor

BNP Paribas moves to Swedish datacentre in high-performance computing strategy

BNP Paribas is moving data-intensive workloads to a Swedish datacentre to increase capacity while reducing its carbon footprint Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Barclays makes further cut to branch network

Barclays cuts another 14 branches from its network as it continues to see a migration to digital banking channels Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Ransomware attacks up 45% in February, LockBit responsible

NCC Group says it observed a surge in ransomware attacks in February, with LockBit, BlackCat and BianLian all highly active Continue Reading

By

• Alex Scroxton, Security Editor

Many of world’s biggest banks lack transparent policies for responsible AI

It is unclear whether many of the world’s largest banks have adopted and are using ethical artificial intelligence development principles Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

CBI launches campaign to boost UK tech unicorns

The CBI has launched a campaign to transform the UK’s technology unicorns into decacorns valued at $10bn, with specific policy recommendation due to be published later in 2023 Continue Reading

By

• Sebastian Klovig Skelton, Data & ethics editor

JP Morgan pilots palm and face-recognition technology in US

JP Morgan is testing out its biometric payment technology in selected retailer stores and at the upcoming Formula 1 Grand Prix in Miami Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

National Crime Agency sting operation infiltrates cyber crime market

The UK National Crime Agency has tricked thousands of potential cyber criminals into registering with a fake website pretending to offer tools for creating DDoS attacks Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA