The Bank of England has joined forces with the FCA to investigate how financial organisations are preparing their sys…
Ticketmaster breach led to “quite a big” financial loss for Monzo, claims bank’s CEO
On the evening of Friday 6 April, Daniel Chatfield, a software engineer at the challenger bank Monzo, sent out a twee…
IBM: TSB may have failed to rigorously test systems before IT migration
TSB may have failed to properly test its systems before migrating customers over to new digital platforms earlier thi…
The FCA is investigating TSB’s botched IT migration
The Financial Conduct Authority has opened an investigation into the TSB IT meltdown that left nearly 2 million custo…
TSB CEO vows to ensure no customers are left out of pocket after IT meltdown
TSB’s chief executive Paul Pester has vowed that none of the lender’s customers will be left out of pocke…
The UK is launching a taskforce to investigate cryptocurrencies
The Treasury, Bank of England and Financial Conduct Authority have joined forces to launch a cryptoassets task force,…
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North Korean hackers are now trying to steal bitcoin from banks
Cyber criminals linked to the North Korean government are attempting to steal bitcoin from banks and cryptocurrency o…
Theresa May urges business leaders to spend more money on technology
Theresa May has warned business leaders that they must step up their investments in new technology if Britain is to b…
Tom Blomfield says Monzo may shun VCs in favour of a major crowdfunding round
Monzo CEO Tom Blomfield has said the challenger bank may choose to crowdfund its next investment round rather than se…