Cryptocurrency markets fluctuated wildly on the evening of Monday 9 January after the US financial regulator, the Securities and Exchange Commission (SEC), briefly appeared to claim it had approved spot bitcoin…
Category: Finance
Top 10 financial services and fintech stories of 2023
With spending on IT in the finance sector expected to emerge from the doldrums, we kick off our review of Computer Weekly articles with research from software giant Finastra and its…
Visa to fund AI scholarships for underrepresented students in government scheme
Visa is funding data science and artificial intelligence (AI) scholarships for students from underrepresented backgrounds in a programme aimed at increasing diversity in the sector and closing the UK skills shortage. …
Visa to invest $100m in generative AI startups
Visa wants to be at the forefront of the next phase of generative AI (GenAI) innovation through investment in tech startups that will apply the technology to payments and commerce. The…
Lloyds Bank launches digital identity app
Lloyds Banking Group has launched a digital identity service in partnership with a tech startup it invested in this year. The app, which is available free of charge to all UK…
UK Finance paints mixed picture of fraud as losses top £500m
The rate of cyber fraud dropped slightly over the first six months of 2023, falling 2% compared to the same period in 2022, but even so criminals and fraudsters still managed…
The implications of biased AI models on the financial services industry
The meteoric increase of the use of artificial intelligence (AI) across all sectors is impossible to ignore. Whatever your feelings about AI, the use of these models is with us to…
Over a quarter of UK adults use buy now, pay later fintechs
Fintech-based credit services, known as buy now, pay later (BNPL), were used by over a quarter of adults in the UK in the second half of last year, according to Financial…
Lloyds bank kicks off Hyderabad operation
Lloyds Banking Group has described the opening of a tech delivery centre in Hyderabad, India, as a “pivotal moment” in the bank’s £3bn, three-year, digital transformation journey The tech centre, which…
Banking should start testing out quantum ideas
Banks should be setting up a quantum computing taskforce, a report from UK Finance has concluded. The Identifying and seizing the opportunities presented by quantum technology report, produced in conjunction with…