E-commerce technology

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 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

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

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

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

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

CW Europe: Why Russia could become the world’s biggest market for illegal IT

Faced with international sanctions and the departure of many global IT suppliers from Russia, companies there are seeking alternative, and sometimes illegal, routes to access IT products. Also read how new requirements are driving scientists and engineers in Europe back to the lab to start developing 6G technology. Continue Reading

Older customers prefer phone calls to chatbots

Businesses are increasingly adopting customer-facing digital technologies, but the older generation are not so keen to embrace tech Continue Reading

UK Amazon workers stage series of wildcat strikes over pay offers

Amazon warehouse workers across the UK have organised a series of spontaneous strike actions after the e-commerce giant’s management offered them pay rises between 35p and 50p Continue Reading

Online retail sales see year-on-year drop of 2.3% in July 2022

Despite another year-on-year drop in online retail sales in July, the fall is smaller than those seen in previous months of 2022 as online sales decline slows Continue Reading

Inside Bukalapak’s cloud strategy

Indonesian e-commerce unicorn Bukalapak’s multicloud strategy, underpinned by the use of microservices and DevOps, has enabled it to meet the diverse needs of its users while addressing business requirements Continue Reading

Reimagining ethical digital technology

With ever-increasing digitisation leading to greater dependence on a range of digital technologies, enterprises need to urgently look at how they can incorporate ethical and social considerations into the tech they develop Continue Reading

Mapping out the rise in checkout-free shopping

There has been a boom in the number of checkout-free stores globally, but will that growth continue and which retailers are interested? Continue Reading

Ocado revenue drops despite distribution centre successes

Ocado has spent the past six months rolling out new customer fulfilment centres and signing partners for its smart platform, but the cost-of-living crisis still sees revenue taking a hit Continue Reading

Ducktail infostealer targets Facebook Business users

Newly uncovered Ducktail operation targets individuals with access to Facebook Business service and tries to steal their accounts Continue Reading

Can ‘low code, no code’ close the commerce skills gap?

GUEST BLOG: In this guest blog post Conor Barr, CPO of retail integration platform Patchworks, discusses whether low or no code could help those low on tech skills to excel in the e-commerce ... Continue Reading

UK fintech outperforms global sector

Investment in UK fintech continues to increase, outpacing a flat global sector, according to Innovate Finance Continue Reading

Tracking the rise of homeworking across the UK

In this week’s Computer Weekly, new figures show that homeworking has more than doubled in the UK due to the pandemic – we look at the regional differences. The pressure is growing on cyber security teams – we analyse the expert advice on how to avoid staff burnout and lost talent. And we examine the important role that tech startups play in the rapid growth of Amazon Web Services. Read the issue now. Continue Reading

Retailers choose from menu of mobile apps to help reduce food waste

Supermarkets, convenience stores and coffee shops are among the retailers connecting with mobile apps and tech firms to drive down the wastage of food Continue Reading

Pandemic turns e-commerce doubters into believers

Notable UK retail e-commerce avoiders Primark, B&M; and Poundland are now online players. But what are their respective digital approaches? Continue Reading

Ofcom publishes Online Safety Roadmap

The roadmap sets out how the online harms regulator will approach implementing the UK’s online safety regime, and tells tech firms to start preparing for the new rules Continue Reading

Deliciously Ella – how the brand adopted D2C during the pandemic

Plant-based brand Deliciously Ella did not intend to sell directly to customers, but shifting unsold stock during the pandemic opened digital doors for the brand Continue Reading

CIO interview: Carl Dawson, CIO, Asda

As the IT handover from Walmart looms, Asda CIO Carl Dawson explains how the business is renewing all of its technology, putting the retailer in the rare position of being able to start from scratch Continue Reading

Digital sprint is winner for Ribble Cycles

125-year-old bicycle manufacturer Ribble Cycles is transforming its business with digital innovations such as live streaming and online personalisation, as CDO Matthew Lawson explains. Continue Reading

Primark trials click & collect for children’s products

Predominantly offline brand Primark will be trialling click & collect orders for a select number of children’s products Continue Reading

Interpol arrests thousands in global cyber fraud crackdown

A two-month operation saw law enforcement agencies in 76 countries crack down on organised cyber fraud Continue Reading

Retail’s IT talent search intensifies

Retailers from different sectors are on the hunt to fill similar IT job roles, but are all finding different ways to source the sought-after talent Continue Reading

Former CEO explains how Dreams went from nightmare to fantasy

In 2013, Mike Logue joined Dreams after it had been saved from administration – he explains how data and communication rebuilt the business Continue Reading

CDO interview: Matthew Lawson, chief digital officer, Ribble Cycles

The 125-year-old bicycle manufacturer is transforming its business with digital innovations such as live streaming and online personalisation Continue Reading

CIO interview: Lee Cowie, chief technology officer, Merlin Entertainments

The theme park giant faced an enormous challenge during Covid with its venues closed, but digital technology came to the rescue and is now opening up new opportunities Continue Reading

Amazon shareholders vote down audit of warehouse work conditions

Shareholders reject proposal calling for an independent audit of Amazon’s working conditions during the company’s annual general meeting Continue Reading

JPMorgan’s UK digital retail bank reaches half-million customer mark

Chase Bank in the UK has already reached the half-million customer mark, but expects a profit to be some years away Continue Reading

Fintech unicorn Klarna to cut 10% of staff amid global shocks

Fintech unicorn to slash jobs in reaction to global economic shocks signalling challenges in the financial technology sector Continue Reading

Relentless branch closures at Lloyds Bank continue as digital banking takes hold

UK bank branches are being shuttered in large numbers as consumers choose online banking, with Lloyds Banking Group announcing more closures Continue Reading

Amazon shareholders to vote on audit of working conditions

Amazon shareholders will vote on whether the company has to conduct an independent audit on the working conditions and treatment of its warehouse workers, following the e-commerce giant’s unsuccessful attempt to dismiss the proposal Continue Reading

Fashion tech investment grew 66% during pandemic

As the pandemic caused an increase in online shopping, fashion businesses began investing in technology to help them match customer demand Continue Reading

CyberUK 22: Data-sharing service to protect public from scams

A new data-sharing service set up by the NCSC and industry partners will give ISPs access to real-time threat data that they can use to block fraudulent websites Continue Reading

Nationwide stops thousands more attempted frauds with Strong Customer Authentication

Nationwide Building Society is blocking an additional 2000 attempted online shopping frauds a month through extra checks Continue Reading