Category: Finance

Around 40 years ago, a bank branch manager probably knew the name of every…

When ASN Bank chief technology officer (CTO) Sebastiaan Kalshoven isn’t driving IT and business…

Contactless payment limits could be increased beyond £100 and even become unlimited under the…

Lloyds Banking Group will monitor its Workday HR software to help it identify the…

The number of UK banks reporting productivity gains from artificial intelligence (AI) has doubled…

The use of open banking services in the UK has increased by a third…

Scottish Widows has moved 3.8 million customer accounts and pension data from multiple legacy…

Asked for his advice as to whether it’s a smart idea to switch from being…

As a youngster, Simon Goodyear believed there was nothing that couldn’t be solved with…

Banco Santander will introduce a mandatory artificial intelligence (AI) training programme for all its…

The UK’s National Savings and Investments (NS&I) bank is replacing its legacy core banking…

“Technology people just look at the problem differently,” says Kirsty Roth, chief operations and…

More investment in businesses led by women and ethnic minorities could increase the UK…

The UAE has leapfrogged the UK in the latest fintech market rankings, following a…

Monzo’s recent £21m fine over customer verification failures highlights the cyber security and privacy…

The Bank of England has completed the replacement of the UK financial system’s “beating…

Travelex is replacing multiple legacy core supply chain systems with an off-the-shelf alternative, as it…

The Financial Conduct Authority (FCA) has shut down 1,600 websites and 50 finance apps…

AIB is embedding artificial intelligence (AI) into business tools throughout the bank for 10,000…

Zopa will tap into the tech ecosystem in Manchester through a regional office that…

Santander’s proposed acquisition of TSB would require customer accounts to be migrated from the…

Artificial intelligence (AI) agents at the Bank of New York Mellon (BNY) have company…

ING Bank is currently amid multiple projects to improve its operations through the use…

When Chris Loake joined Hiscox in November 2023 as the company’s group information officer,…

Fintechs are growing customer bases at a lower rate, but profits and revenues are…

The details of about 130,000 UBS staff were leaked after a cyber attack on…

Insurance companies are warned to be on their guard against a spreading campaign of…

West Brom Building Society is embarking on a three-stage project to build the digital…

The UK’s financial services regulator has teamed up with Nvidia to provide an environment…

Almost all (96%) of Europe’s largest financial services organisations have been affected by a…

Barclays has signed an agreement with public cloud giant Microsoft that will see the…

The Commonwealth Bank of Australia (CommBank) plans to accelerate the integration of artificial intelligence…

Citigroup is “streamlining” tech support operations in China as part of a global restructure,…

Security leaders accustomed to the time-worn cliché of being the guy in IT whose…

Businesses are losing out twice by having to support old IT systems that they…

The global fintech sector saw its revenues increase three times that of the finance…

Zopa Bank will make its current account widely available by the end of this…

The UK economy lost £1.17bn to payment fraud in 2024, with a steep increase…

The UK’s financial technology sector, or fintech as it is widely known, will see…

Lloyds Banking Group and Nationwide Building Society are set to roll out a generative…

HMRC has begun the process of breaking away from its heavy reliance on Fujitsu…

The software arm of Capital One has expanded the availability of a tool that…

Financial technology (fintech) companies have a strong security posture but are at risk from…

Quantum computing may still be regarded by many IT leaders as a very niche…

UniCredit has signed a 10-year agreement with Google Cloud to “accelerate” its digital transformation…

Countries in the Nordic region are planning offline backups to digital payments in the…

This year’s Innovate Finance Global Summit (IFGS) event comes with the backdrop of turmoil…

Artificial intelligence (AI)-related roles could be the only “safe jobs” in the banking sector…

The Financial Conduct Authority (FCA) plans to offer a service where companies under its…

Daniele Tonella, global head of IT at ING Bank, tells Computer Weekly about his…

Starling Bank has created a US subsidiary where it will target mid-sized banks with…

Three announcements in the space of a few days this month suggest financial scams…

Lloyds Banking Group will build, deploy and scale artificial intelligence (AI) systems using a…

Over £18m was stolen from Santander customers in the UK during the first three…

Fintech trade body calls on the government to establish a national centre to help…

Banks and tech firms are coming together in an initiative to share information on…

Given digital technology is so central to how we live, work, transact and communicate,…

Banks are operating a “spaghetti” tech structure that is creating a game of “technology…

The government has canned the Payments Services Regulator (PSR) to reduce red tape as…

Imagine the impact of a sudden service disruption on your business. Customers unable to…

The government-backed Centre for Finance, Innovation and technology (CFIT) has outlined its plan to…

In 2024, the Norwegian government set out a national digitisation strategy with the aim…

Customers of multiple banks have reported problems banking online, as they struggle to access…

The Post Office has made its first official apology to subpostmasters who used its…

The UK government has begun its search for an IT supplier to support its…

CaixaBank will invest in programmes to make more use of artificial intelligence (AI), as…

Many companies from a range of industries worldwide are stuck at a trial stage…

The CrowdStrike incident in 2024 hit the UK like a hurricane. As it swept…

Fintech investment has been on a downward spiral since 2012, but the second half…

MPs have written to bosses at the UK’s biggest banks to shed light on…

One of the interesting developments right now is the intersection between AI and Web3.…

The Parliamentary Treasury Committee has called on consumers, finance firms and IT suppliers to provide…

Customers of Barclays Bank have been left unable to access web app and online…

Those Beyond started life as the tech lab of fintech unicorn Thought Machine, supplying…

The Digital Operational Resilience Act (DORA) came into force on 16 January 2023. Following…

Although they have had two years to prepare for the incoming legislation, a study…

Financial services regulators in the UK and New York are to share staff through…

The women behind fintechs still face discrimination when seeking investment, despite the issue being…

Two separate announcements have highlighted the aggressive cost-cutting measures banks are putting in place as…

With cyber criminality and fraud against banks running rampant in recent years and showing…

It seems fintech has been replaced by generative artificial intelligence (GenAI) as the most-used…

Wendy Redshaw, chief digital information officer (CDIO) at NatWest Retail Bank, has had a…

Technology has always been a transformative force, reshaping industries, economies, and societies. In today's…

International financiers have pulled support for a revolutionary paytech system being rolled out in…

The Bank of England is launching a consortium where private sector finance organisations and…

Ireland’s Department of Social Protection has contracted Tata Consultancy Services (TCS) to provide the…

Financial services firm and money transfer specialist MoneyGram has disclosed a breach of customer data…

On Friday 19 July 2024, the UK awoke to news of a fast-spreading IT outage,…

US bank Wells Fargo has reported a big jump in recommendations from customers after using…

According to the House of Commons, there were approximately 5.6 million private sector businesses in…

Nationwide Building Society is using Red Hat as part of its application development platform, which…

Financial services company BBVA has received approval from the UK regulator for a takeover of…

Recorded incidents of digitally enabled financial fraud and scams across the UK have hit their…

Lloyds Bank is streamlining its trade financing sales through the use of artificial intelligence (AI),…

Mphasis is expanding its UK operation with a central London innovation hub that will provide…

Barclays has extended a private cloud contract with HPE to use GreenLake Cloud as a…

HSBC has worked with Quantinuum to trial “the first application” of quantum-secure technology for distributing…

Metro Bank has contracted Infosys to support its digital business transformation and use of automation,…

MoneyGram said it is “shocked and disappointed” by Post Office portrayal on a contract breakdown,…

Tata Consultancy Services (TCS) is only bettered in size by Accenture and IBM Global Services,…

Nordic banks are turning more eagerly to artificial intelligence (AI) and innovation-led tech partnerships that…

The Dutch Authority for the Financial Markets (AFM) and the monetary authority, De Nederlandsche Bank…

Technology changes fast and tech jobs are changing just as rapidly, according to Belinda Finch,…

Members of the House of Lords are pressing for changes to legislation that will give…

Police have shut down a web service used by more than 2,000 criminals worldwide to…

Coming from a military intelligence background, focusing on the financing of terrorist groups, I saw…

Thousands of fraudulent websites that appear to be those of the UK’s largest retail banks…

Nationwide building society is recovering from an IT outage that caused significant difficulties for customers…

Nationwide’s proposed takeover of Virgin Money could see a company that has gone through multiple…

Dutch companies are vulnerable to deepfake digital fraud due to the country’s high level of…

Cloud-first IT strategies seem to be falling out of favour with technology decision-makers and business…

American Express has written to customers warning that their account details may have been breached…

Insurance services provider Admiral is shifting its core operations to the Google Cloud Platform (GCP),…

Tata Consultancy Services (TCS) will provide technology services to over five million pension policies…

A cyber attack against the US Securities and Exchange Commission (SEC) that resulted in…

Labour peer Prem Nath Sikka has asked the government what it knew about the…

The IT expert who represented Alan Bates and more than 500 subpostmasters in a…

Whilst other forms of AI will still drive the bulk of the business impact,…

Spanish banking giant Santander has increased its IT workforce to 27,500 globally after adding…

Cryptocurrency markets fluctuated wildly on the evening of Monday 9 January after the US…

The Metropolitan Police is investigating the Post Office for fraud related to money taken…

Visa wants to be at the forefront of the next phase of generative AI…

Lloyds Banking Group has launched a digital identity service in partnership with a tech…

The rate of cyber fraud dropped slightly over the first six months of 2023,…

The meteoric increase of the use of artificial intelligence (AI) across all sectors is…

Fintech-based credit services, known as buy now, pay later (BNPL), were used by over…

Lloyds Banking Group has described the opening of a tech delivery centre in Hyderabad,…

Banks should be setting up a quantum computing taskforce, a report from UK Finance…

UK fintech unicorn Thought Machine has cut 50 staff in roles it said were…

Visa  is offering its customers artificial intelligence (AI) advisory services following the launch of…

With spending on IT in the finance sector expected to emerge from the doldrums,…

A suspected LockBit ransomware attack on ICBC Financial Services, the US arm of the…

Shawbrook Bank has seen a fourfold reduction in the time it takes to process…

Cryptocurrency scams have increased by 23% in 2023 compared with the same period last…

A million people in the UK could lose easy access to a bank branch…

The possibility that this was the case was first raised by security researcher and commentator…

JPMorgan Chase has been named the leading global bank for artificial intelligence (AI) maturity…

Generative artificial intelligence (GenAI) is expected to take over the jobs of three-quarters of…

According to Finastra’s Financial services: State of the nation survey 2023, technology investment is…

Consumer affairs and financial services specialists alike have given their backing to new commitments…