E-commerce technology

Prime minister Rishi Sunak faces pressure from banks to force tech firms to pay for online fraud

The UK’s major banks have told the prime minister to force tech firms to do more to prevent fraud that the banks end up paying for Continue Reading

Collaboration in finance sector develops prototype API for digital currency

The Bank for International Settlements and the Bank of England worked with private sector on central bank digital currency experiment Continue Reading

TSB calls on Meta to intervene and protect users from fraud losses of £250m this year

TSB is the latest bank to demand more action from social media sector in helping to reduce online fraud Continue Reading

Banks still investing heavily in legacy payments systems

Banks are missing out on additional revenues through payment services because they are stuck with inflexible legacy payments systems. Continue Reading

Delivery charges and slow payments have customers abandoning baskets

Customer expectation has been on the rise, both on and offline, and no-code automation firm Primer finds there are several reasons why consumers are choosing not to checkout Continue Reading

Open banking regulator sets out next steps

Plans for ongoing evolution of the UK open banking sector have been set out by regulator in bid to grow the open banking sector in a ‘safe, scalable and economically sustainable way’ Continue Reading

Lloyds Bank calls on tech companies to control social media ‘wild west’

Lloyds Banking Group is calling on tech giants to step forward in the fight against online fraud, which emanates in the social media ‘wild west’ Continue Reading

Digital channels thriving for M&S but profits down

Many of M&S’s digital offerings have gained more users over the past year, but after a long programme of transformation, profits are still smaller this year than last Continue Reading

Microsoft and Google go into battle for enterprise AI

In this week’s Computer Weekly, as developments in generative AI accelerate, Microsoft and Google have each unveiled their plans around enterprise applications. Nobody doubts the importance of digital transformation – but experts say it won’t work without cultural change as well. And we examine the emerging practice of FinOps as part of cloud automation projects. Read the issue now. Continue Reading

Online sales suffer as consumers hit shops for bargains

While overall shopping figures saw year-on-year growth in April 2023, online sales took a hit as shoppers look for cheaper goods in stores Continue Reading

Open banking use to increase 470% in next four years, driven from Europe

Europe is leading the surge in the take-up of API-based open banking services, according to Juniper Research Continue Reading

Age UK calls for physical banking hubs as older people demand face-to-face banking

UK charity calls for banks and government to speed up the introduction of physical banking hubs as research reveals millions of older people don’t bank online Continue Reading

Researchers see surge in scam websites linked to coronation

Scammers and fraudsters continue to take advantage of large public events, with the coronation of King Charles III no exception Continue Reading

The role of AI as an everyday life assistant

We speak to the co-author of a book that explores the idea of artificial intelligence-powered automation that enables machines to become customers Continue Reading

Online makes up 25% of retail sales three months in row

The percentage of all retail sales made online remains steady at around a quarter this year, though cost of living is affecting customer behaviour Continue Reading

Fintechs get more certainty about open banking’s future direction

Fintechs have welcomed the UK open banking regulators recommendations for the future of the sector Continue Reading

The CIO challenges brought by e-commerce in Kuwait

E-commerce is growing fast in Kuwait, resulting in new challenges for CIOs in the retail sector Continue Reading

Next-gen AI: A Computer Weekly Downtime Upload podcast

Mark Raskino, co-author of When Machines Become Customers, discusses machine-to-machine commerce Continue Reading

Nordic app-based bank offloads its peer-to-peer lending business

Danish fintech Lunar has sold its peer-to-peer lending business to Sweden’s SaveLend Continue Reading

How millions of consumers and businesses are using open banking

SMEs and consumers are increasingly turning to open banking services to help them manage their businesses and lives Continue Reading

Barclays makes further cut to branch network

Barclays cuts another 14 branches from its network as it continues to see a migration to digital banking channels Continue Reading

Over a third of UK’s online transactions used digital wallets

Mobile phone-based digital wallets are fast becoming a preferred method of buying goods and services online Continue Reading

Trust: easy to lose, hard to recover

Here are just a few of the topics that my fellow Freeformers and I have enjoyed researching and writing about in recent years: network security, SD-WAN, digital identity, smart wallets, digital ... Continue Reading

US bakery pilots Amazon tech for palm payments

Amazon's palm-scanning authentication technology is being used by US bakery and café chain to boost use of its loyalty programme Continue Reading

Central bank digital currency use set to soar over next seven years

The use of central bank-backed digital currencies is set to explode over the next seven years as governments drive adoption to increase financial inclusion Continue Reading

Face tech – recognising the retail opportunity

From age verification to catching criminals, how are retailers using facial recognition technology to push forward their businesses? Continue Reading

Can the UK keep its fintech crown?

In this week’s Computer Weekly, two years after the Kalifa report laid out a roadmap for continued fintech sector growth, UK entrepreneurs and startups are worried about the lack of progress. We look at the top tech trends in retail and find out which companies are leading the way. And we examine six ways to slash IT emissions. Read the issue now. Continue Reading

Fintech industry calls for regulatory change to help struggling consumers

Fintech trade body calls for regulatory changes to allow fintechs to broaden services for people struggling in the cost-of-living crisis Continue Reading

Salt Labs identifies OAuth security flaw within Booking.com

Security flaw in Booking.com OAuth implementation could be used to launch account takeovers, but researchers discovered and flagged the issue before it could be exploited in the wild Continue Reading

Two years on from the Kalifa report, UK fintechs speak out

Two years after the UK government’s Kalifa fintech report, entrepreneurs warn of a continuing Brexit headache and slow regulatory reform Continue Reading

Seven million people in UK used open banking services in 2022

More than seven million people used services that harnessed open banking last year, with 1.2 million of these first-time users Continue Reading

Online makes up a quarter of retail sales in January 2023

Online shopping makes up a quarter of all retail volumes in the first month of 2023, but retail is still rocky as the cost of living rises Continue Reading

App-based Zopa bank buys BNPL fintech

App-based Zopa bank is adding a buy now, pay layer platform to its technology stack through its first acquisition Continue Reading

UK saw fintech investment collapse in 2022, but is still a world leader

Fintech investment in the UK sees steep drop, but the country was still a top destination for capital Continue Reading

‘Buy now, pay later’ crackdown in the making

The finance regulator has proposed bringing ‘buy now, pay later’ providers within its regulatory remit Continue Reading

Payment tech provider opens Finnish tech hub

Nordic payment tech supplier opens a hub in the Finnish city of Espoo to access expertise Continue Reading

UAE central bank programme to accelerate digital transformation

The United Arab Emirates government launches programme to accelerate the digital transformation of the country’s finance sector Continue Reading

BNPL accounted for 12% of UK online spending in January

Buy now, pay later products from fintech providers accounted for 12% of the £8bn spent online in the UK in January, according to analysis Continue Reading

Cost-of-living crisis creates appetite to switch banks

As millions of Brits struggle with their finances, many view tailored financial services as beneficial Continue Reading

Consumers want tech-driven clothing stores

As consumers increasingly visit stores as the pandemic subsides, NTT Data finds that technology in shops could persuade consumers to return to physical shopping Continue Reading

Augmented reality in retail: The second coming

H&M, Avon, Very and others’ usage of augmented reality in retail could mean we’re reaching tipping point for the technology in 2023 Continue Reading

TSB pilots pods as branch replacements

TSB joins Barclays in adopting banking pods to ensure customers have access to physical banking services as the number of high street branches declines Continue Reading

Online banks still riddled with cyber security flaws, report says

Online bank Virgin Money was found to have the weakest online and application security measures in a Which? study but Nationwide, TSB and The Co-Operative Bank all failed on multiple points, too. Continue Reading

Finance regulator finding more misleading promotions quicker through improved digital tools

UK finance regulator able to find and block misleading promotions faster through improved digital tools Continue Reading

UK government announces plans to protect consumers through cryptoasset regulation

UK government wants feedback on its plans to regulate organisations operating in the cryptoasset sector Continue Reading

Romance fraudsters stole £65m from Brits since 2020

Online romance fraudsters have scammed Brits out of £65m in the past three years, according to retail bank TSB Continue Reading

Digital banking changing the high street forever as banks close branches and open alternatives

Banks are reshaping their channels as customers move to digital services, with physical innovation complementing digital strategies Continue Reading

How the cost-of-living crisis is affecting IT

In this week’s Computer Weekly, with major tech companies announcing thousands of job cuts, we examine what the cost-of-living crisis means for IT leaders and tech professionals. We analyse what you need to consider when reversing systems out of the cloud and back on-premise. And Very Group’s CIO talks about the post-pandemic challenges facing online retailers. Read the issue now. Continue Reading

Data of 10 million JD Sports customers accessed in cyber attack

Data on 10 million people who shopped online at JD Sports over a two-year period was accessed and potentially stolen in a cyber attack Continue Reading

Final months of 2022 saw highest ever number of bank account switches

More people than ever before switched their current account provider using the government’s switching service Continue Reading

UK Treasury recruiting digital currency leader

The UK government’s investigation into the merits of a central bank digital currency gathers pace at it looks for a team leader Continue Reading

The rise of fraud in pop culture is impacting consumers’ digital trust

Shows such as The Tinder Swindler and Inventing Anna were big money-earners for Netflix in 2022, but Onfido’s Mike Tuchen says their popularity risks damaging consumer trust Continue Reading

Year-on-year growth down to more customers, says Ocado

As the customer landscape shifts, Ocado reports year-on-year revenue growth in the last quarter of 2022, bolstered by a successful Christmas Continue Reading

Cash use rises for first time in 13 years as cost of living increases

The number of cash withdrawals increased last year, for the first time in 13 years, but remains below the pre-Covid-19 figure Continue Reading

CIO interview: Matt Grest, Very Group

The Covid-19 pandemic changed many things, including an increase in remote working – so how is the Very Group approaching the workplace and talent post-Covid? Continue Reading

SMEs eye moving business to challenger bank

Known for their consumer banking success, challenger banks are now winning over hearts and minds in the small business sector Continue Reading

Latest Innovate Finance report reveals decrease in UK fintech investment, but like-for-like increase

Innovate Finance’s latest figures on fintech investment show reduction in UK, but report methodology leaves this open to change Continue Reading

Cashless Denmark has no bank robberies in a year for first time

Denmark saw no bank robberies in a single year for the first time ever, but online fraud continues to increase Continue Reading

Top trends in tech, and retail’s early adopters

Computer Weekly identifies the retail industry’s early adopters of what McKinsey & Co deems the top tech trends Continue Reading

Developed for Big Science in Europe, highly accurate time protocols ensure fair trading in finance

Protocols developed for use at the European Organisation for Nuclear Research are now being used for many other applications, including financial services Continue Reading

Top 8 e-commerce marketing platforms to consider

An e-commerce marketing strategy is no longer optional. Organizations need a marketing platform that meets their e-commerce teams' needs, can customize websites and is affordable. Continue Reading

Top 10 retail technology stories of 2022

Computer Weekly looks at what 2022 had in store for the retail industry – after the pandemic increasing technology adoption for most of the retail sector, what have firms put in place to survive the next few years? Continue Reading

The Post Office IT scandal – cock-up or cover-up?

In this week’s Computer Weekly, the second phase of the Post Office IT scandal inquiry revealed further shocking details at every turn – we review the latest evidence. We examine progress of the roll-out of fast broadband connectivity across the UK. And as the Online Safety Bill returns to Parliament, we look at the ongoing arguments about how to keep the internet safe. Read the issue now. Continue Reading

A retail tech tour of the Battersea Power Station development

We check out the customer-facing digital features on display in the UK’s newest shopping site at Battersea Power Station Continue Reading

Lego fixes dangerous API vulnerability in BrickLink service

The Lego Group has remediated two potentially serious API vulnerabilities in its BrickLink digital resale platform, just in time for Christmas Continue Reading

10 e-commerce marketing strategies for your business

Marketers have myriad tools in their belts -- from SEO to influencers to technology and tools. These strategies can improve anyone's e-commerce marketing plan. Continue Reading

Post Office boosted its ‘coffers’ as Horizon system threw up unexplained shortfalls, inquiry told

The Post Office was ‘keen’ to make subpostmasters cover unexplained accounting shortfall as its business struggled, public inquiry hears Continue Reading

How to stop data retention from killing the planet

In this week’s Computer Weekly, there’s a hidden environmental cost to the vast volumes of data being generated – we examine what can be done to address it. We talk to the CISO of consumer reviews site Trustpilot, about building trust in IT security. And we look at what IT leaders can do if they inherit a toxic team environment. Read the issue now. Continue Reading

XR and the real world: Feedback loops and spillovers

As the metaverse develops, the realism of advanced extended reality applications could allow users to take experiences, interests and strategies with them into the real world – creating spillovers from virtual to real worlds Continue Reading

How Photobox keeps site reliability in the picture

Photobox’s site reliability head discusses how the photo book and personalised gifts site manages a complex microservices architecture Continue Reading

Ducktail spins new tales to hijack Facebook Business accounts

The increasingly active Ducktail cyber crime operation is refining its operations, seeking new methods to compromise its victims’ Facebook Business accounts Continue Reading

Top metaverse investors and how to start investing

Would-be metaverse investors have many ways to get in on the action. Read our coverage of the metaverse's top investors, direct investing opportunities and investment risks. Continue Reading

How will the metaverse affect the future of work?

Field trips to the Louvre for inspiration, sped-up learning, onboarding reimagined -- how will the metaverse change our working environments and when? It depends. Continue Reading

TikTok influencers are better than finance firms for money advice, say quarter of young adults

Young people are turning to TikTok-based influencers for advice on how to manage their finances and where to bank Continue Reading

Online scam victims lose an average of £1,000 each

New data from the National Fraud Intelligence Bureau shows victims of online fraud lose an average of £1,000 per person Continue Reading

Top e-commerce challenges for 2023 and how to overcome them

2023 will bring many e-commerce challenges that were exacerbated by the COVID-19 pandemic, like international trade and rising customer expectations. Here's how to overcome them. Continue Reading

Automated threats biggest source of cyber risk for retailers

Threat actors targeting retailers during the coming holiday season are increasingly turning to automated forms of cyber attack, according to a report Continue Reading

Retail’s robotics reboot

Walmart and Amazon are among the retailers acquiring warehouse robotics firms, during a period of significant innovation in this space Continue Reading

Can crypto recover from the crash of 2022?

What does the crypto wipeout of 2022 mean for an increasingly turbulent economy and can crypto bounce back in the months and years ahead? Crucially, how will regulators react? Continue Reading

How the pandemic accelerated tech adoption in hospitality

In this week’s Computer Weekly, we look at how the hospitality sector is turning to technology to rebuild after it was devastated by the pandemic. Google’s cloud business is growing but remains well behind the market leaders – what does its future look like? And we look at the benefits of AIOps for storage. Read the issue now. Continue Reading

How to build consumer trust with a privacy-by-design approach

Undertaken with the right mindset and technology, privacy by design delivers value to consumers and builds trust for the long term Continue Reading

Government ups cyber support for elderly, vulnerable web users

DCMS announces a funding boost to help the elderly, disabled and other vulnerable groups stay safe online and avoid being misled by disinformation Continue Reading

Putting metaverse concerns into perspective

All breakthroughs in technology have come with downsides, so what risks and concerns are there with the advent of the metaverse? Continue Reading

UK finance regulator investigates big tech finance threats and benefits

The UK financial services regulator is gathering information about the benefits and targets of big tech firms offering financial services Continue Reading

B2B vs. B2C e-commerce: What's the difference?

B2B e-commerce websites offer many ways to reach agents, whereas B2C sites prioritize self-service. E-commerce leaders must build their websites to meet their customers' needs. Continue Reading

Skype’s legacy and the rise of the ‘new Nordics’

Estonia and other Baltic states could be part of a ‘new Nordics’ of technology innovation Continue Reading

How Russia hacked a former MI6 spy chief

In this week’s Computer Weekly, Russian hackers leaked emails and documents from British government, military, and intelligence officials – we examine the implications. New EU laws will govern online safety and the use of AI, but what do they mean for organisations? And we look at the growth in checkout-free shopping. Read the issue now. Continue Reading

Wayfair shutters datacentres and ends hybrid cloud strategy with Google Cloud move

Online home furnishings retailer Wayfair has completed a 16-month datacentre shutdown project that has seen it migrate all its applications and workloads to the Google Cloud Continue Reading

Online marketplace momentum ushers in new era for retailers

Superdrug is the latest in a growing list of retailers to launch its own online marketplace, joining B&Q, Boots and others in driving a new era for UK retail Continue Reading

Morrisons joins the fast-growing retail media movement

More retailers are becoming publishers as they realise the potential of their online assets, helping to fuel a new fast-growth segment of digital marketing – and Morrisons is no exception Continue Reading

EU rolling out measures for online safety and AI liability

The European Council has approved the passage of the Digital Services Act to protect people’s rights online, while the European Commission has announced proposals to help those negatively affected by artificial intelligence to claim compensation Continue Reading

JPMorgan’s UK digital bank app outage locks customers out

App-based Chase Bank suffered tech outage that left customers unable to access its services Continue Reading

Security regulation cuts online payment fraud at 73% of retailers

New online payments security standard, Strong Customer Authentication (SCA), sees immediate fall in fraudulent payments to retailers Continue Reading

Cost-of-living crisis could spur fintech adoption

The cost-of-living crisis could have a similar impact on fintech and digital banking as the Covid-19 pandemic did, inducing further innovation in the fintech sector Continue Reading

Online Safety Bill needs complete overhaul, say rights groups

Civil society groups write to new digital minister to challenge various aspects of the upcoming Online Safety Bill, which they say threatens rights to privacy and freedom of expression Continue Reading

How the pandemic accelerated tech adoption in hospitality

The pandemic led to technology adoption across several sectors, with hospitality being no exception Continue Reading

American Express recruiting thousands of tech professionals

Amex will add 5,000 IT professionals to its workforce in 2022 as digital products and services become the staple of the finance sector Continue Reading

European Central Bank working on prototypes of digital Euro interfaces

European Central Bank’s digital Euro investigation phase is at the point of developing and testing systems that might interface with consumers Continue Reading

Pandemic turns e-commerce doubters into believers

Notable UK retail e-commerce avoiders Primark, B&M and Poundland are now online players. We assess their digital approaches. Continue Reading

A gold medal performance for networking

In this week’s Computer Weekly, we find out how the IT team behind the 2022 Commonwealth Games in Birmingham delivered a winning performance. We also look at how the centuries-old London insurance market is going digital, thanks to Lloyd’s of London. And we find out how low-cost high street stores succumbed to the inevitable and are going online. Read the issue now. Continue Reading