Legacy IT systems are still common across financial services, but the recent lockdown-driven shift to online banking has meant many are being stretched to their limits by digital demand.

This, coupled with the fact that most are on-premise - requiring physical maintenance in a time of remote working - means that the scale and complexity of IT upgrade projects has also increased recently.

One particularly risky element is File Transfer Protocols, which are usually only password protected, and therefore outdated in terms of modern multi-factor security standards. With more sensitive customer data being sent than ever, it's crucial that this is safe from cyber criminals – who are increasingly targeting financial services firms.

To get a better idea of the extent of the problem, and discuss some of the potential tech solutions, this podcast features a conversation with Gregory Mooney, community development manager for IT and security at Progress.

While the Coronavirus crisis means regulators have taken a step back in recent months, the cost of non-compliance remains high for banks of all shapes and sizes.

Be it Anti-Money Laundering directives, Strong Customer Authentication, the Basel III reforms or General Data Protection Regulation, it is crucial to have the right systems and processes in place.

Data management is the key theme running though all of these, regardless of whether you're a nimbler but less well-resourced digital challenger, or a legacy IT-addled incumbent operating at scale.

This podcast looked at how proper organisation and improvements in data quality can help immensely, when paired with things like automation and cloud-enabled agility. FStech editor Peter Walker spoke to James Cotton, a solutions director at Information Builders, to help get to the bottom of the issues.

The last six months have been some of the busiest ever for chief information officers, who have had to deal with the challenge and opportunity of one of the largest surges in technology investment in history – with companies spending around $15 billion extra a week on tech.

That's according to the latest research from Harvey Nash and KPMG, which surveyed more than 4,200 IT leaders, who preside over a combined spend of over $250 billion.

This podcast features and interview with Steve Bates, a principal at KPMG and global leader of the firm's CIO Centre of Excellence, picking through the findings to assess the biggest trends and most likely future scenarios.

Open Banking has been active in the UK since the start of 2018, with consumers starting to realise the benefits of easier account aggregation and data sharing between banking apps. But take-up has been mixed across different areas of the industry and end-user concerns still remain around security and privacy.

Open Banking solutions provider Yolt Technology Services recently researched the topic, uncovering both business and customer attitudes to the API revolution. This podcast features a one-on-one interview with their chief business officer Leon Muis, digging into the survey findings to figure out the key challenges and opportunities within Open Banking.

With everyone from the chief executive to the graduate recruit now working from home, there has been a significant spike in the instance of authorised fraud during the Coronavirus lockdown.

As staff are unable to go through the normal security checks, cyber criminals have been taking advantage of dispersed teams and playing people off one another with scam emails purporting to be from senior management.

This podcast features a discussion with NICE Actimize Fraud and Authentication Expert Robert Tharle on how to tackle this problem - and other cyber security threats caused by COVID-19.

As financial fraud methods evolve, so must the techniques used to detect and defend against them - so as fraudsters automate their hacking, financial services firms are looking to artificial intelligence technology to protect customer data.

Machine learning is one of the most effective ways of combatting such crime, but many businesses don't feel like they have the expertise to implement such solutions. This podcast - with Galvanize Principal Product Manager Kevin Legere - looks at some of the ways non-data scientists can process raw data to spot anomalies and predict fraudulent transactions.

Digital transformation strategies have accelerated during the Coronavirus crisis across all financial services sectors, but none perhaps more so than those defending against money laundering.

As criminals look to take advantage of increasingly online consumers and disparate workforces, it has never been more important to get a holistic view of risk, with the technology to back that up.

This podcast features a chat with Adam McLaughlin, Head of Financial Crime Solutions for EMEA at NICE Actimize, about the methods firms are using to stay secure, maintain regulatory compliance and keep costs down.

As many of the world's companies are forced to embrace remote working, new challenges are being met in terms of building trust and developing partnerships virtually. When the task is implementing complex regulatory technology solutions, the problems of no face-to-face contact mean managing expectations and making decisions are all the more difficult.

But for many financial services firms, this is the reality. So this podcast discusses some of the ways to overcome these problems, using both automation and people skills. FStech editor Peter Walker spoke with Henry Balani, head of delivery for customer success and support at Encompass Corporation, to find out more.

As IT teams around the globe attempt to transition towards a new normal, the upheaval has created opportunities that cyber criminals have been eager to exploit. Many financial services firms are starting to think about how they will respond when, rather than if, a data breach occurs.

This podcast features a conversation between FStech editor Peter Walker and Viavi Solutions senior product manager Ward Cobleigh about making the best of existing systems to help save money during the looming recession, sharing tools across teams to enable more efficient threat detection, and how to communicate internally and externally when the worst happens.

How are financial services firms battling fraud and keeping up with new regulations, while continuing to innovate in the current landscape? This podcasts brings together a mix of experts to look at how technology can help with compliance as the threats, costs and competition continue to evolve.