Category: Finance

Around 40 years ago, a bank branch manager probably knew the name of every customer and was able to read more

When ASN Bank chief technology officer (CTO) Sebastiaan Kalshoven isn’t driving IT and business change at the Dutch retail read more

Contactless payment limits could be increased beyond £100 and even become unlimited under the latest Financial Conduct Authority (FCA) read more

Lloyds Banking Group will monitor its Workday HR software to help it identify the lowest-performing staff, who could be read more

The number of UK banks reporting productivity gains from artificial intelligence (AI) has doubled as projects move from pilots read more

Scottish Widows has moved 3.8 million customer accounts and pension data from multiple legacy systems to a cloud-based platform read more

The use of open banking services in the UK has increased by a third in the past 12 months read more

Asked for his advice as to whether it’s a smart idea to switch from being an IT leader to running read more

As a youngster, Simon Goodyear believed there was nothing that couldn’t be solved with technology, and he is now read more

Banco Santander will introduce a mandatory artificial intelligence (AI) training programme for all its staff next year, as part read more

The UK’s National Savings and Investments (NS&I) bank is replacing its legacy core banking system as part of a read more

“Technology people just look at the problem differently,” says Kirsty Roth, chief operations and technology officer at Thomson Reuters. read more

More investment in businesses led by women and ethnic minorities could increase the UK equity market by 13%, according read more

Monzo’s recent £21m fine over customer verification failures highlights the cyber security and privacy shortcomings of popular personal finance read more

The UAE has leapfrogged the UK in the latest fintech market rankings, following a $2bn investment by Abu Dhabi’s read more

The Bank of England has completed the replacement of the UK financial system’s “beating heart”, and is making good read more

Travelex is replacing multiple legacy core supply chain systems with an off-the-shelf alternative, as it seeks to complete its transition read more

The Financial Conduct Authority (FCA) has shut down 1,600 websites and 50 finance apps through the use of data read more

AIB is embedding artificial intelligence (AI) into business tools throughout the bank for 10,000 staff to free up their read more

Zopa will tap into the tech ecosystem in Manchester through a regional office that could eventually house 500 staff. read more

Artificial intelligence (AI) agents at the Bank of New York Mellon (BNY) have company logins, and will soon have read more

Santander’s proposed acquisition of TSB would require customer accounts to be migrated from the in-house developed system of its read more

ING Bank is currently amid multiple projects to improve its operations through the use of agentic artificial intelligence (AI). read more

When Chris Loake joined Hiscox in November 2023 as the company’s group information officer, the insurance firm had already read more

Fintechs are growing customer bases at a lower rate, but profits and revenues are strong as the industry becomes read more

The details of about 130,000 UBS staff were leaked after a cyber attack on a procurement service provider used read more

Insurance companies are warned to be on their guard against a spreading campaign of network intrusions orchestrated by the read more

West Brom Building Society is embarking on a three-stage project to build the digital capabilities its customers want. The read more

The UK’s financial services regulator has teamed up with Nvidia to provide an environment to enable finance firms to read more

Almost all (96%) of Europe’s largest financial services organisations have been affected by a security breach at a third-party read more

Barclays has signed an agreement with public cloud giant Microsoft that will see the latter’s generative artificial intelligence (GenAI) read more

The Commonwealth Bank of Australia (CommBank) plans to accelerate the integration of artificial intelligence (AI) into its business after read more

Citigroup is “streamlining” tech support operations in China as part of a global restructure, with 3,500 roles set to read more

Businesses are losing out twice by having to support old IT systems that they cannot afford to turn off read more

Security leaders accustomed to the time-worn cliché of being the guy in IT whose job it is to say read more

The global fintech sector saw its revenues increase three times that of the finance sector as a whole in read more

Zopa Bank will make its current account widely available by the end of this year, signalling a major milestone read more

The UK economy lost £1.17bn to payment fraud in 2024, with a steep increase in unauthorised remote purchases. Remote read more

The UK’s financial technology sector, or fintech as it is widely known, will see a 32% increase in professional read more

HMRC has begun the process of breaking away from its heavy reliance on Fujitsu for IT services, with a read more

Lloyds Banking Group and Nationwide Building Society are set to roll out a generative AI (GenAI) tool that has read more

Financial technology (fintech) companies have a strong security posture but are at risk from third-party weaknesses, according to analysis. read more

The software arm of Capital One has expanded the availability of a tool that enables IT departments to improve read more

Quantum computing may still be regarded by many IT leaders as a very niche technology, but broader business use read more

UniCredit has signed a 10-year agreement with Google Cloud to “accelerate” its digital transformation by tapping into the supplier’s read more

Countries in the Nordic region are planning offline backups to digital payments in the event of losing internet connectivity. read more

This year’s Innovate Finance Global Summit (IFGS) event comes with the backdrop of turmoil caused by Donald Trump’s return read more

Artificial intelligence (AI)-related roles could be the only “safe jobs” in the banking sector as financial organisations “relentlessly” press read more

The Financial Conduct Authority (FCA) plans to offer a service where companies under its watch can test out artificial read more

Daniele Tonella, global head of IT at ING Bank, tells Computer Weekly about his first nine months in the read more

Starling Bank has created a US subsidiary where it will target mid-sized banks with its banking software as a read more

Three announcements in the space of a few days this month suggest financial scams have reached a tipping point read more

Lloyds Banking Group will build, deploy and scale artificial intelligence (AI) systems using a Google service, accelerating production while read more

Over £18m was stolen from Santander customers in the UK during the first three months of this year, according read more

Fintech trade body calls on the government to establish a national centre to help businesses across different sectors fight read more

Banks and tech firms are coming together in an initiative to share information on fraud to give them visibility read more

Given digital technology is so central to how we live, work, transact and communicate, we have recently seen the read more

Banks are operating a “spaghetti” tech structure that is creating a game of “technology Jenga” for IT managers updating read more

The government has canned the Payments Services Regulator (PSR) to reduce red tape as part of its Plan for read more

Imagine the impact of a sudden service disruption on your business. Customers unable to access your platform, transactions put read more

In 2024, the Norwegian government set out a national digitisation strategy with the aim of making the country the read more

The government-backed Centre for Finance, Innovation and technology (CFIT) has outlined its plan to fight economic crime through digital read more

Customers of multiple banks have reported problems banking online, as they struggle to access services on payday for the read more

The Post Office has made its first official apology to subpostmasters who used its faulty Capture accounting software and read more

The UK government has begun its search for an IT supplier to support its plan to build open banking read more

CaixaBank will invest in programmes to make more use of artificial intelligence (AI), as part of a multibillion-euro business read more

The CrowdStrike incident in 2024 hit the UK like a hurricane. As it swept across the country, it ground read more

Many companies from a range of industries worldwide are stuck at a trial stage of emerging technologies usage, according read more

Fintech investment has been on a downward spiral since 2012, but the second half of this year could see read more

MPs have written to bosses at the UK’s biggest banks to shed light on the impact of IT failures read more

One of the interesting developments right now is the intersection between AI and Web3. From the creation of AI read more

The Parliamentary Treasury Committee has called on consumers, finance firms and IT suppliers to provide evidence to support an inquiry read more

Customers of Barclays Bank have been left unable to access web app and online banking, make payments to and read more

Those Beyond started life as the tech lab of fintech unicorn Thought Machine, supplying cloud-based core banking systems to read more

The Digital Operational Resilience Act (DORA) came into force on 16 January 2023. Following a two-year implementation period, from read more

Although they have had two years to prepare for the incoming legislation, a study has today revealed that a read more

Financial services regulators in the UK and New York are to share staff through a secondment programme that kicks read more

The women behind fintechs still face discrimination when seeking investment, despite the issue being an industry talking point for read more

Two separate announcements have highlighted the aggressive cost-cutting measures banks are putting in place as digital technologies replace thousands of read more

With cyber criminality and fraud against banks running rampant in recent years and showing no signs of slacking off, read more

It seems fintech has been replaced by generative artificial intelligence (GenAI) as the most-used term in banking IT this read more

find a reliable future profit calculator In trading, profit and loss calculations are an essential tool to help traders understand read more

Wendy Redshaw, chief digital information officer (CDIO) at NatWest Retail Bank, has had a distinguished career leading technology-led change read more

Technology has always been a transformative force, reshaping industries, economies, and societies. In today’s rapidly evolving landscape, its potential read more

International financiers have pulled support for a revolutionary paytech system being rolled out in the Middle East after it read more

The Bank of England is launching a consortium where private sector finance organisations and artificial intelligence (AI) experts can read more

Ireland’s Department of Social Protection has contracted Tata Consultancy Services (TCS) to provide the IT and business services that read more

ما هي الاستراتيجيات الفعّالة لتداول يمكن للمتداولين استخدام العقود مقابل الفروقات للاستفادة من تحركات الأسعار في الأسواق العالمية دون امتلاك read more

Financial services firm and money transfer specialist MoneyGram has disclosed a breach of customer data arising from a late-September cyber read more

MoneyGram said it is “shocked and disappointed” by Post Office portrayal on a contract breakdown, which saw money transfer services read more

Metro Bank has contracted Infosys to support its digital business transformation and use of automation, artificial intelligence (AI) and data read more

HSBC has worked with Quantinuum to trial “the first application” of quantum-secure technology for distributing tokenised physical gold. The HSBC read more

Barclays has extended a private cloud contract with HPE to use GreenLake Cloud as a core pillar of its hybrid read more

Mphasis is expanding its UK operation with a central London innovation hub that will provide its customers with the opportunity read more

Recorded incidents of digitally enabled financial fraud and scams across the UK have hit their highest ever level, with consumers read more

Lloyds Bank is streamlining its trade financing sales through the use of artificial intelligence (AI), which will automate the checking read more

Nationwide Building Society is using Red Hat as part of its application development platform, which is speeding up software releases read more

Financial services company BBVA has received approval from the UK regulator for a takeover of Spanish rival Sabadell, which would read more

According to the House of Commons, there were approximately 5.6 million private sector businesses in the UK as of 1 read more

US bank Wells Fargo has reported a big jump in recommendations from customers after using artificial intelligence (AI) and automation read more

On Friday 19 July 2024, the UK awoke to news of a fast-spreading IT outage, seemingly global in its nature, read more

Tata Consultancy Services (TCS) is only bettered in size by Accenture and IBM Global Services, with a customer list already read more

Nordic banks are turning more eagerly to artificial intelligence (AI) and innovation-led tech partnerships that can help them compete more read more

The Dutch Authority for the Financial Markets (AFM) and the monetary authority, De Nederlandsche Bank (DNB), are in the midst read more

Technology changes fast and tech jobs are changing just as rapidly, according to Belinda Finch, CIO at enterprise technology company read more

Police have shut down a web service used by more than 2,000 criminals worldwide to launch and manage phishing attacks. read more

Members of the House of Lords are pressing for changes to legislation that will give the Department of Work and read more

Coming from a military intelligence background, focusing on the financing of terrorist groups, I saw the power of the dollar read more

Thousands of fraudulent websites that appear to be those of the UK’s largest retail banks – but are, of course, read more

Nationwide building society is recovering from an IT outage that caused significant difficulties for customers over a period of several read more

Nationwide’s proposed takeover of Virgin Money could see a company that has gone through multiple technology integrations in recent years read more

Dutch companies are vulnerable to deepfake digital fraud due to the country’s high level of digitisation and working from home. read more

American Express has written to customers warning that their account details may have been breached after a third-party supplier to read more

Cloud-first IT strategies seem to be falling out of favour with technology decision-makers and business leaders, suggests data from the read more

Insurance services provider Admiral is shifting its core operations to the Google Cloud Platform (GCP), and working with the tech read more

Tata Consultancy Services (TCS) will provide technology services to over five million pension policies over the next 15 years, read more

A cyber attack against the US Securities and Exchange Commission (SEC) that resulted in misinformation being posted on the read more

Labour peer Prem Nath Sikka has asked the government what it knew about the Post Office’s attempt to remove read more

The IT expert who represented Alan Bates and more than 500 subpostmasters in a High Court case against the read more

Whilst other forms of AI will still drive the bulk of the business impact, generative AI will remain the read more

Spanish banking giant Santander has increased its IT workforce to 27,500 globally after adding 4,500 in 2023 to support read more

Cryptocurrency markets fluctuated wildly on the evening of Monday 9 January after the US financial regulator, the Securities and read more

The Metropolitan Police is investigating the Post Office for fraud related to money taken from wrongly prosecuted subpostmasters, nearly read more

Visa wants to be at the forefront of the next phase of generative AI (GenAI) innovation through investment in read more

Lloyds Banking Group has launched a digital identity service in partnership with a tech startup it invested in this read more

The rate of cyber fraud dropped slightly over the first six months of 2023, falling 2% compared to the read more

The meteoric increase of the use of artificial intelligence (AI) across all sectors is impossible to ignore. Whatever your read more

Fintech-based credit services, known as buy now, pay later (BNPL), were used by over a quarter of adults in read more

Lloyds Banking Group has described the opening of a tech delivery centre in Hyderabad, India, as a “pivotal moment” read more

Banks should be setting up a quantum computing taskforce, a report from UK Finance has concluded. The Identifying and read more

With spending on IT in the finance sector expected to emerge from the doldrums, we kick off our review read more

UK fintech unicorn Thought Machine has cut 50 staff in roles it said were no longer needed, with sales read more

Visa  is offering its customers artificial intelligence (AI) advisory services following the launch of an operation dedicated to the read more

A suspected LockBit ransomware attack on ICBC Financial Services, the US arm of the Industrial and Commercial Bank of read more

Shawbrook Bank has seen a fourfold reduction in the time it takes to process buy-to-let mortgage offers since rewriting read more

Cryptocurrency scams have increased by 23% in 2023 compared with the same period last year, according to Lloyds Banking read more

A million people in the UK could lose easy access to a bank branch in their local area, as read more

The possibility that this was the case was first raised by security researcher and commentator Kevin Beaumont via social media read more

JPMorgan Chase has been named the leading global bank for artificial intelligence (AI) maturity in the benchmarking index from read more

Generative artificial intelligence (GenAI) is expected to take over the jobs of three-quarters of current financial services executives, according read more

According to Finastra’s Financial services: State of the nation survey 2023, technology investment is currently constrained for 78% of read more

Consumer affairs and financial services specialists alike have given their backing to new commitments from some of the world’s read more

Sasha Jory developed her IT leadership skills in a series of roles with blue-chip finance firms. She joined insurer read more