The SWIFT transfer network has seen profits slashed after it invested in expanding security operations following the $81m Bangladesh Bank heist
TECHNOLOGY POWERING BUSINESS
News Banking
HSBC Adopts AI Startup Ayasdi’s Tech To Tackle Money-Laundering
Using AI aims to save the bank millions in efficient and automated data analysis
RBS Natwest Online Banking Issues Cause Payment Chaos On Payday
RBS says Natwest online banking issue is resolved while Lloyds and Halifax customers suffer issues ahead of bank holiday
TrickBot Trojan Now Targets Private Banks
Malware is now hand picking private banks, as IBM warns of 'skyrocketing' breaches of financial data
Banks Use IBM Watson To Catch Rogue Traders
IBM is also developing anti-money-laundering tools and services to aid banking compliance
Developer Of Citadel Trojan Faces 10 Year Prison Sentence
Russian developer of banking trojan that stole more than £400m, faces lengthy stint in American jail
HSBC Takes First Cloud Steps To Support Digital Banking Ambitions
INTERVIEW: HSBC's head of platform explains its cloud journey so far and why it's picked Amazon Web Services (AWS)
Metro Bank Now Supports Android Pay
Metro Bank becomes the latest bank to support Android Pay, leaving Barclays all alone
Lloyds Internet Banking Outage ‘Caused By DDoS’
Lloyds Banking Group IT outage was the result of a DDoS staged by cybercriminals
Blockchain Tech ‘Could Save’ Banks £9.7bn Billion A Year
Moving to a distributed database using blockchain could help banks save billions on costly data processes
HSBC Calls On High-Flying CEOs For Tech Advice
The advisory board of high-profile CEOs will focus on disruption, cyber and infrastructure
Lloyds Tries To Find Cause Of Online Banking Outage
Lloyds Bank issues extend to a second day but cause has still yet to be identified
Isle Of Man Targets Blockchain And Digital Payments For Fintech Future
Blockchain is the future, but there's still plenty of work to be done before its becomes mainstream
Strathclyde University Offers UK’s First Fintech Degree Course
Good news for British banking sector after Scottish university offers first fintech degree course in the UK
Money, Data And Disruption: Cyber Attacks Of 2016
2016 has been an interesting year for cyber security, and that's putting it mildly
SWIFT Discloses More Successful Bank Heists
Attacks have continued since the Bangladesh heist, with one-fifth resulting in fraud
NatWest Warns 600,000 Customers Over Three Hack
Natwest has contacted customers it believes could have been affected by the Three data breach
Cobalt Gang Makes ATMs Across Europe Spew Cash
The 'touchless jackpot' technique uses hacked bank networks to compromise teller machines
How Barclays Avoids Downtime Chaos
Bala Chandrasekaran of Barclays, explains how the bank hopes to avoid a repeat of last year's Christmas banking disaster
Switzerland To Ease Red Tape For Fintech Startups
Swiss government proposes new rules to help financial technology startups enter the market
Researcher Breaches PayPal’s Two-Factor Authentication In Five Minutes
The surprisingly simple hack tricked PayPal into giving the researcher access to his own account
Banks Are ‘Hoarding’ Bitcoin To Pay Attackers
British financial institutions are reportedly looking into buying up stocks of bitcoin that could be used to pay off denial-of-service attackers
Banks ‘Under-Reporting Cyber Attacks’ Say Security Firms
Banks are not providing enough details on cyber-attacks in order to downplay security fears, say insiders
Majority Of Banks Will Adopt Blockchain Says IBM
Blockchain to be used by majority of financial institutions within three years, as adoption ramps up
Accenture Touts Need For Blockchain Editing Tool
Editable blockchain controversery, but Accenture insists it would only be used under 'extraordinary circumstances'
SWIFT Offers Daily Reports To Help Tackle Bank Fraud
Customers to receive 'anti-fraud reports' as security clampdown continues for banking messaging system
Bank Of England To Rewrite Core Payment Tech By 2020
The update to the 20-year-old bank-to-bank settlement service is to take into account new technologies such as blockchain ledgers
New CMA Measures Will Ensure Banks Exploit Technology
Banks aren’t doing enough to compete for customer’s business, claims CMA report
Mobile Banking Surges As Internet Banking Slows
There's an app for that. Mobile banking surges as BBA warns of a “consumer-led revolution” in personal finance
FakeBank Android Malware Steals Cards And Blocks Calls To Banks
A new family of malicious code aims to make it harder for users to cancel affected bank cards