News
Financial applications
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July 01, 2019
01
Jul'19
The Great Eastern way to digital transformation
Regional insurance company Great Eastern has rolled out a new digital platform to better serve customers while morphing its DNA from the inside out
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June 28, 2019
28
Jun'19
Interview: Yasmeen Al Sharaf, head of fintech and innovation unit, Central Bank of Bahrain
Yasmeen Al Sharaf heads up financial technology strategy at Bahrain’s central bank, which is on a mission to grow and diversify the sector in the Middle East island state
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June 25, 2019
25
Jun'19
Three Finnish banks, one core IT platform
Can a shared core IT platform enable three Finnish banks to become more efficient yet maintain individual competitiveness?
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June 20, 2019
20
Jun'19
Facebook officially unveils cryptocurrency plans
Facebook has released details about its Libra cryptocurrency, but questions still remain over how, and if, it will work
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June 18, 2019
18
Jun'19
Facebook announces global digital currency Libra
Facebook is launching digital coin to open up affordable financial services to the world
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June 17, 2019
17
Jun'19
Post Office asks Court of Appeal for permission to appeal judgment in first Horizon trial
The Post Office has applied to the Court of Appeal to appeal judgment in Horizon trial
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June 06, 2019
06
Jun'19
Half of CFOs frustrated by complex accounting systems
Chief financial officers need to upgrade to easier-to-use accounting systems, but are strapped for time and lack the resources to make the right choices, according to survey
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June 05, 2019
05
Jun'19
Emirates NBD builds bank of future with Amazon Web Services
UAE bank is accessing the latest technology through a close relationship with IT giant Amazon Web Services
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May 24, 2019
24
May'19
Post Office told to pay over £5m of its opponent’s costs for first Horizon trial
The judge in the Post Office Horizon trial has ordered the organisation to pay the legal costs of its courtroom adversaries, and refused to give permission to appeal a major judgment
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May 22, 2019
22
May'19
Hundreds of European retail banks will disappear as challengers scoop up customers
One in every 10 banks in Europe will no longer exist as digital challengers take customers from them
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May 20, 2019
20
May'19
Post Office applies to appeal damning judgment in first Horizon trial
The Post Office has applied for permission to appeal judgments from the first trial in its IT-related legal battle with subpostmasters
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May 16, 2019
16
May'19
How Open University went from bespoke IT to vanilla SAP
It’s hard convincing users their business processes are a dud. But this is what Chris Youles, chief information officer of the Open University, needed to do to transform the organisation
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April 24, 2019
24
Apr'19
SAP Q1 2019 results: 400 more S/4 Hana sign-ups, €1.5bn in cloud
SAP’s first-quarter 2019 financial results indicate cloud revenue at 26% of total, and 400 new customers for S/4 Hana. Senior executive losses, restructure and Qualtrix acquisition cost bite into profit
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April 17, 2019
17
Apr'19
HM Land Registry completes blockchain trial
HM Land Registry’s blockchain project is part of a wider digital transformation initiative which aims to simplify and speed up the process of buying and selling property
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April 17, 2019
17
Apr'19
Government says no conflict of interest in trial despite Post Office chairman’s dual role
BEIS refutes MP’s suggestion of Post Office chairman’s conflict of interest in group litigation case involving Horizon IT system
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April 16, 2019
16
Apr'19
MP questions government over Post Office Horizon case
Labour MP asks the government about the costs associated with the Post Office Horizon legal battle
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April 10, 2019
10
Apr'19
Should you buy SaaS ERP or best-of-breed enterprise software?
The major ERP providers are pushing their customers to their cloud offerings. It makes sense, but there are plenty of SaaS alternatives
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April 04, 2019
04
Apr'19
Post Office to appeal judgment from first Horizon trial
The Post Office will appeal against some of the judgments from the first trial concerning the Horizon computer system used by subpostmasters
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April 03, 2019
03
Apr'19
Del Monte Foods enlists Accenture to help guide move to AWS cloud
US-based food producer has moved hundreds of servers and business applications to the AWS public cloud as part of a push to modernise its IT estate and boost its overall business agility
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April 02, 2019
02
Apr'19
Post Office could face huge costs bill for first Horizon trial
Subpostmaster claimants’ legal team makes application for the Post Office to pay millions of pounds of costs associated with trial
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March 29, 2019
29
Mar'19
Middle East countries accelerate quantum computing research
Gulf countries must invest in quantum computing research to ensure they continue to to remain digital pioneers
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March 29, 2019
29
Mar'19
Major shake-up of TSB IT after core banking system migration disaster
TSB has restructured its IT team to give its internal team control of its core banking system
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March 28, 2019
28
Mar'19
Post Office made to repay public money it allocated to fund Horizon litigation
A senior civil servant asked the Post Office to repay public money it had wrongly allocated to paying legal costs
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March 28, 2019
28
Mar'19
Businesses losing out on early payment discounts due to outdated software
Chief financial officers need to upgrade their accounting software to benefit from discounts available for paying suppliers early
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March 27, 2019
27
Mar'19
Insurance company Tokio Marine HCC overhauls legacy systems
Tokio Marine HCC has partnered with Incessant Technologies to implement business process automation software, which is helping the company to mitigate the risks associated with its disparate legacy systems
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March 20, 2019
20
Mar'19
CCRC watching Post Office Horizon trial closely
The Criminal Courts Review Commission considering judgment in subpostmasters versus Post Office litigation trial
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March 20, 2019
20
Mar'19
Post Office ‘lacked humanity’ in the treatment of subpostmasters, says peer
Peer slams Post Office after High Court judgment reveals its oppressive style of managing the people who run its branches
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March 19, 2019
19
Mar'19
Post Office director cross-examination confirms lack of investigation into branch IT problems
A high court judge heard that the Post Office did not investigate a computer system error that could cause losses, despite being offered evidence
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March 15, 2019
15
Mar'19
Subpostmasters achieve ‘stunning victory’ against Post Office in Horizon case
Judge rules that Post Office showed “oppressive behaviour” in response to claimants accused of accounting errors they blamed on Horizon IT system
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March 12, 2019
12
Mar'19
Post Office considered Horizon IT system ‘high risk’, court told
The Post Office considered Horizon a high operational risk in an internal review, a trial focused on alleged fallibilities in the system used in thousands of Post Office branches has heard
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March 07, 2019
07
Mar'19
Tech under spotlight at High Court in second subpostmasters versus Post Office trial
The second trial in a court battle between the Post Office and the people who run branches analyses alleged bugs in the computer system they use
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March 04, 2019
04
Mar'19
IT Priorities 2019: APAC keeping pace with digital transformation
Digital transformation is well underway among APAC enterprises which are looking to spend more on refreshing their IT infrastructure and technologies that improve employee productivity
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February 28, 2019
28
Feb'19
APAC financial firms face roadblocks with RPA
IDC monitored the automation projects of over 30 early adopters of RPA in financial services and found that most were unable to scale up their implementations of the technology
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February 01, 2019
01
Feb'19
TSB blames IT disaster for huge losses
TSB made a huge loss in its latest financial year because of costs it incurred as a result of an IT disaster
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January 29, 2019
29
Jan'19
SAP FY 2018: Cloud revenue nears €5bn, 10,500 customers for S/4 Hana
SAP’s full-year 2018 results show cloud revenue at 20% of the total, which was €24.7bn, while the fourth quarter saw 1,000 customers added to its flagship S/4 Hana
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January 24, 2019
24
Jan'19
Lloyds Bank to migrate hundreds of thousands of customers to Google-inspired fintech
Following its announcement that it was exploring the use of a fintech platform, Lloyds Bank has been quick to plan customer migration
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January 24, 2019
24
Jan'19
Santander announces latest branch closures as digital channels take over
Bank to close 140 more UK branches as in-branch transactions fall and digital banking accelerates
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January 22, 2019
22
Jan'19
Mastercard fined over half a billion euros for unfair payment fees
Mastercard has been heavily fined for having rules on interchange fees which distorted the EU single market
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January 15, 2019
15
Jan'19
Thousands of known errors on controversial Post Office computer system to be revealed
Known errors log concerning Horizon IT system set to be announced during second High Court trial in subpostmasters’ long-running dispute with Post Office over financial losses
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January 02, 2019
02
Jan'19
How e-signatures fix broken digitisation
A big barrier to the end-to-end digitisation of business processes is that certain steps require paper – but DocuSign plans to fix this
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January 02, 2019
02
Jan'19
Subpostmasters suing Post Office over IT failures stunned by CEO’s honour
Subpostmasters’ campaign group attacks Post Office CEO Paula Vennells’ New Year honour amid ongoing court case
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December 20, 2018
20
Dec'18
Top 10 financial services stories of 2018
Here are Computer Weekly's top 10 financial services stories of 2018
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December 17, 2018
17
Dec'18
Financial services giant transforms application delivery through HCL
Dutch financial services firm Aegon is outsourcing the management of its fintech supplier network
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December 13, 2018
13
Dec'18
Chief technology officers in high demand in finance sector
Financial services firms need to hire experienced chief technology officers as the sector is transformed through fintech
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December 07, 2018
07
Dec'18
Court orders Post Office to explain inability to access encrypted file
Post Office unable to open encrypted recording of an interview that forms part of its evidence in High Court case
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December 07, 2018
07
Dec'18
Complex Post Office Horizon case set to continue into 2020
Court case where subpostmasters are suing the Post Office set to span at least four trials and extend into 2020
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December 04, 2018
04
Dec'18
Zopa gains banking licence and prepares launch
Peer-to-peer lending pioneer Zopa is turning its attention to retail banking in the UK, with plans to offer savings, credit and money management products
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December 04, 2018
04
Dec'18
Barclays staff to transfer to HCL as IT deal is expanded
Bank announces closure of operation in Lithuania, with employees transferring to IT services company HCL
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December 04, 2018
04
Dec'18
Lloyds to use core banking technology from Google-inspired UK fintech
Banking group explores cloud-based core banking technology as part of a major transformation programme
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November 30, 2018
30
Nov'18
CCRC may hold off subpostmaster decision until after Post Office Horizon trial
The Criminal Courts Review Commission is deciding whether to delay its decision on subpostmasters’ claims of wrongful prosecution until after a related court case