News
Financial applications
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March 26, 2020
26
Mar'20
Subpostmaster prosecutions to be considered by Court of Appeal for miscarriages of justice
The Criminal Cases Review Commission is referring 39 subpostmaster prosecutions to the Court of Appeal to review for possible miscarriages of justice, with further analysis on 22 more cases ongoing
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March 25, 2020
25
Mar'20
Meeting reviewing subpostmaster applications to appeal criminal prosecutions moves into second day
The Criminal Cases Review Commission has extended a meeting considering subpostmaster applications to appeal criminal convictions resulting from a faulty Post Office IT system
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March 24, 2020
24
Mar'20
Norwegian banking app gives access to other banks’ accounts
Banking customers can access and make payments from their other bank accounts using the DNB Mobile Bank app
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March 24, 2020
24
Mar'20
Coronavirus: Contactless spending limit increased to fight pandemic
Banking and financial services trade body UK Finance to increase spending limit for contactless payments to £45 from the start of April
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March 24, 2020
24
Mar'20
Coronavirus: Fintechs create Covid Credit to help self-employed prove income loss
Financial technology professionals have created a tool that will support self-employed people claiming financial relief from the government during the Covid-19 pandemic
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March 23, 2020
23
Mar'20
Coronavirus: Post Office postpones subpostmaster compensation scheme amid Covid-19 crisis
Scheme to compensate subpostmasters who suffered because of computer errors in the Post Office’s Horizon system is delayed
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March 20, 2020
20
Mar'20
MP warns minister not to parrot civil servants’ lines on Post Office IT scandal
MP Kevan Jones has warned a government minister not to repeat the mistakes of predecessors in relation to the Post Office Horizon IT scandal
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March 19, 2020
19
Mar'20
IT Priorities 2020: ANZ firms to spend more on cyber security
Over half of respondents in Australia and New Zealand plan to invest more in cyber security, especially in key areas such as data loss prevention
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March 18, 2020
18
Mar'20
Employment and investment in UK tech sector booms
UK digital tech sector continues rapid growth in 2019, attracting record investment for another year
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March 17, 2020
17
Mar'20
Travelex under threat as insolvency risk, hacking costs and coronavirus take their toll
Foreign exchange group’s future remains uncertain as its parent company, Finablr, prepares for potential insolvency
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March 16, 2020
16
Mar'20
Secret Post Office deals cause fury among Horizon IT scandal campaigners
The Post Office has sparked anger with secret settlements with subpostmasters outside the recent legal action against it
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March 12, 2020
12
Mar'20
CIO interview: Miguel Rio Tinto, Emirates NBD
The Dubai-based banking group’s CIO, Miguel Rio Tinto, talks about its ambitious digital transformation plans
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March 12, 2020
12
Mar'20
Dutch landscape attracts fintech exploration
In 2019, the Netherlands had more than 450 companies active in financial technology. The country’s “polder model”, in which new and traditional companies work closely together, offers many opportunities for fintechs
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March 10, 2020
10
Mar'20
MPs told to hold to account those responsible for Post Office Horizon IT scandal
Subpostmasters who had their lives destroyed by a faulty IT system and mistreatment by the Post Office have asked MPs to hold to account the people responsible for the injustices
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March 10, 2020
10
Mar'20
VAT software supplier exposed data of millions
Eight million sales records belonging to UK and EU consumers left exposed due to misconfigured server
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March 06, 2020
06
Mar'20
Those who did not play by the rules in Post Office Horizon scandal “should face prosecution”
Telford MP has become a vocal member of the campaign for justice for the subpostmasters who had their lives devastated as a result of being blamed for losses caused by errors in the Post Office’s core retail and accounting system
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March 06, 2020
06
Mar'20
IT Priorities 2020: AI, cloud to dominate IT spending in India
Indian organisations are expected to spend more on artificial intelligence and cloud this year in a bid gain an edge over rivals through key technology investments
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March 04, 2020
04
Mar'20
MPs call on PM to commit to full public inquiry into Post Office Horizon IT scandal
Business, Energy and Industrial Strategy Committee to investigate the Horizon IT system and will question Post Office executives over subpostmasters wrongly accused of fraud
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March 04, 2020
04
Mar'20
IT Priorities 2020: UK business applications investment in AI gathers steam
Artificial intelligence intensifies as an investment area for UK IT buyers, while cloud delivery is coming to ERP as well as other applications
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March 02, 2020
02
Mar'20
Boris Johnson’s commitment to inquiry into Post Office scandal in doubt
Boris Johnson’s apparent commitment to a public inquiry into the Post Office Horizon scandal is not so certain
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February 28, 2020
28
Feb'20
Government claims it was misled by Post Office over IT scandal
Minister says Post Office IT experts misled the government when it asked questions about subpostmasters’ concerns over Horizon IT system
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February 27, 2020
27
Feb'20
IT Priorities 2020: ASEAN firms on the frontline of digital transformation
Southeast Asian companies plan to spend more on infrastructure and cyber security, but the growth in IT budgets appears to be slowing down
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February 26, 2020
26
Feb'20
Boris Johnson commits to 'getting to the bottom of' Post Office Horizon IT scandal
Prime minister Boris Johnson appears to commit to a public inquiry into the Post Office scandal over its accounting system, but government is yet to offer any details
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February 25, 2020
25
Feb'20
Government admits it was too passive managing Post Office as parliamentary pressure builds
The UK government faces accusations of neglecting its duties handling the Post Office as pressure mounts in Parliament for justice for the subpostmasters who suffered due to faults in the Horizon IT system
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February 23, 2020
23
Feb'20
Australian government inks sourcing deal with Rimini Street
The whole-of-government agreement will provide Australian government agencies with easier and cheaper access to third-party software support
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February 19, 2020
19
Feb'20
Swedish consumer-protection legislation will hit fintechs
New financial regulation to protect consumers from agreeing to unnecessary credit will force financial technology companies to make changes to their products
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February 14, 2020
14
Feb'20
Calls for inquiry into Post Office IT scandal increase in Parliament, with cross-party support
Many MPs might not yet fully understand the suffering subpostmasters have endured because of the Post Office’s faulty IT system and its oppressive behaviour, but they will soon
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February 12, 2020
12
Feb'20
Brexit cited as reason for German digital bank’s UK exit
German challenger bank N26 leaves the UK, saying Brexit is the reason behind the decision due to the removal of passporting rights
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February 12, 2020
12
Feb'20
Pressure for public inquiry into Post Office IT system scandal begins with mountain to climb
Members of Parliament seeking a public inquiry into the Post Office Horizon scandal face huge challenges, but pressure and time could force justice
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February 09, 2020
09
Feb'20
Australian government to roll out SAP S/4 Hana
Australia’s finance department earmarks S/4 Hana as its ERP system to provide common financial and HR services across government
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February 03, 2020
03
Feb'20
Government refuses request to pay legal costs for subpostmasters in Post Office case
The government has refused to pay the huge legal costs subpostmasters incurred in their battle with the government-owned Post Office, which they won
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January 28, 2020
28
Jan'20
Subpostmaster prosecutions move closer to appeal
Prosecutions are a significant step closer to being sent to the Court of Appeal as Criminal Courts Review Commission forms a group of commissioners to review them
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January 27, 2020
27
Jan'20
Police sent information about potential Fujitsu staff perjury in subpostmaster prosecutions
The police have been asked to consider information from a High Court judge questioning evidence given by Fujitsu staff in criminal trials of Post Office subpostmasters
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January 22, 2020
22
Jan'20
Government should not be allowed to dismiss subpostmasters’ claims over Horizon IT scandal
Subpostmasters are stepping up their fight for justice after their huge court victory, with Westminister replacing the High Court as the battleground
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January 21, 2020
21
Jan'20
High-street banks face disruption three weeks after Travelex hack
Foreign exchange services still disrupted, three weeks after Travelex received a $6m ransom demand from cyber gangsters
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January 15, 2020
15
Jan'20
Government distances itself from Post Office decisions in Horizon IT litigation
Department for Business, Energy & Industrial Strategy says it did not make decisions in the Post Office’s recent court battle
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January 14, 2020
14
Jan'20
Why subpostmasters are calling on the government to pay Horizon trial costs
The damages that subpostmasters will receive after their court victory against the Post Office fall well short of their calculated losses
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January 10, 2020
10
Jan'20
Subpostmaster group calls for government to pay legal costs for Horizon trial
The group of subpostmasters that defeated the Post Office in court over a faulty IT system are calling for the government to pay the costs of the legal action
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January 09, 2020
09
Jan'20
Can fintech succeed where schools and parents have failed?
Young people in Britain are unprepared to manage their finances when they leave home and, as a result, many run into serious problems
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January 08, 2020
08
Jan'20
Fujitsu must face scrutiny following Post Office Horizon trial judgment
While the Post Office has suffered financial and reputational damage after losing its court battle with subpostmasters, the supplier of the IT system at the centre of the dispute has major PR challenges ahead
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January 03, 2020
03
Jan'20
Suspected ransomware attack causes worldwide disruption for Travelex
Travelex switches off computer systems and resorts to cash-only currency sales after malware attack. Insiders claim the currency exchange chain has been hit by ransomware which has left critical files containing customer data encrypted
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December 27, 2019
27
Dec'19
Top 10 financial services IT stories of 2019
Here are Computer Weekly’s top 10 financial services and fintech stories of 2019
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December 20, 2019
20
Dec'19
Has Y2K windowing been addressed by banks or is Y2.02K a risk?
Big banks that haven't replaced legacy systems or fixed temporary windowing solutions to Y2K could have problems at the beginning of 2020
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December 20, 2019
20
Dec'19
National Federation of Subpostmasters cries foul after court ruling on controversial computer system
The National Federation of Subpostmasters said it was misled by the Post Office about the robustness of the IT systems its members use
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December 17, 2019
17
Dec'19
Subpostmasters proved right on IT system failures as calls for full public inquiry mount
Post Office has been “in denial” about the robustness of its core retail system, which a judge said was to blame for problems experienced by subpostmasters in a multimillion-pound group action
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December 13, 2019
13
Dec'19
Subpostmasters got the best deal possible in legal battle with the Post Office, says lawyer
Subpostmasters ended their legal battle with the Post Office at the optimal time, according to the lawyer that managed the High Court action
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December 09, 2019
09
Dec'19
Dubai’s Kentech kicks off digital transformation drive
Energy and industrial support company will go live in Oracle’s cloud next month
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December 06, 2019
06
Dec'19
Barclays opens large tech operation in India, hiring thousands
Barclays opens tech centre in Pune as part of its global delivery network
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December 03, 2019
03
Dec'19
Insurtechs help traditional players differentiate
Traditional insurers are harnessing the agile development techniques of the tech startup community through partnerships with insurtechs
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November 28, 2019
28
Nov'19
NatWest digital bank goes live
NatWest has announced the availability of its standalone digital challenger bank, known as Bó