News
Financial applications
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December 07, 2021
07
Dec'21
Former TSB CEO joins money-sharing fintech
Paul Pester teams up with fintech heavyweights to target multibillion-pound money-sharing market
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December 01, 2021
01
Dec'21
Cloud-based Redwood becomes latest challenger bank to make a profit
Cloud-based business bank becomes the latest of the new wave of challengers to achieve profit
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November 26, 2021
26
Nov'21
Post Office inquiry clears up opaque stance on subpostmaster compensation
The chair of the Post Office scandal public inquiry has confirmed the compensation of a group of subpostmasters will be revisited
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November 19, 2021
19
Nov'21
Subpostmasters asked to withdraw support for Post Office scandal inquiry
Subpostmaster campaign group founder calls for members to withdraw support for public inquiry into Horizon IT scandal over lack of adequate compensation
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November 17, 2021
17
Nov'21
Post Office agrees to share privileged legal information with Horizon scandal inquiry
The Post Office will waive professional legal privilege for documents relating to legal advice it received regarding subpostmaster prosecutions
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November 15, 2021
15
Nov'21
Convictions of eight former subpostmasters in Scotland under review
The Scottish Criminal Cases Review Commission is investigating eight potential miscarriages of justice linked with faulty Post Office IT system
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November 12, 2021
12
Nov'21
Cost reduction is still the biggest driver of banks’ cloud adoption
More than 80% of banks now have a clear cloud strategy following a injection of urgency during the Covid-19 pandemic
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November 10, 2021
10
Nov'21
Traditional banks could get revenue boost if they copy digital challengers
Traditional banks could see huge sales increases if they adopted the business models of their digital challengers
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November 09, 2021
09
Nov'21
Government and Post Office should stop discussing Horizon victim compensation and pay it
The first hearing in the Post Office Horizon scandal public inquiry hears why victims should be paid compensation immediately
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November 05, 2021
05
Nov'21
Number of subpostmasters appealing convictions reaches 137 at one legal firm
Former subpostmasters convicted of crimes based on data from error-prone Post Office computer system continue to embark on appeals
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November 04, 2021
04
Nov'21
Rise with SAP attracts 11% interest from SAP customers
Research from the UK & Ireland SAP User Group has found only 11% of members plan to use SAP’s Rise with SAP business transformation as a service offering
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November 04, 2021
04
Nov'21
Women grossly underrepresented in global fintech
Women are CEOs at less than 6% of global financial technology firms and even fewer hold top tech jobs
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November 04, 2021
04
Nov'21
Fujitsu escaped huge lawsuit because Post Office behaved so badly in Horizon scandal
How Fujitsu has so far avoided a huge lawsuit in relation to its role in the Horizon scandal
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October 26, 2021
26
Oct'21
Thought Machine: Google-inspired banking fintech to unicorn and beyond
UK fintech unicorn Thought Machine is transforming the IT of large traditional banks, while working with fledgling digital-only challengers
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October 22, 2021
22
Oct'21
Post Office board ‘appalling’ and ‘short-sighted’, said minister researching Horizon project in 2000
A government minister investigating the controversial Horizon IT project in 2000 described the Post Office board of directors as ‘appalling, short-sighted and partisan’
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October 20, 2021
20
Oct'21
Oracle NetSuite embeds HSBC corporate banking services into ERP
Oracle Netsuite integrates HSBC corporate banking services into its latest software
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October 19, 2021
19
Oct'21
Zopa becomes unicorn with latest funds to go to bank operation
Zopa will invest in its growing digital bank operation after becoming a unicorn in its latest fund-raising round
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October 14, 2021
14
Oct'21
SocGen to cull thousands of jobs and move to single IT platform in merger with subsidiary
French bank’s move to a single banking platform will enable it to cater for changing customer demands
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October 13, 2021
13
Oct'21
Post Office Horizon scandal inquiry announces first public hearing
Public inquiry into the Post Office Horizon scandal will hold its first public hearing next month
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October 12, 2021
12
Oct'21
Morgan Stanley brings diverse fintech innovation to London
US bank expands its diversity-focused fintech accelerator programme to Europe with an initial £1m investment
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October 12, 2021
12
Oct'21
Nearly half of finance firms will acquire or partner fintechs in next year
UK financial services firms are preparing to acquire or partner fintechs as they target business growth
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October 06, 2021
06
Oct'21
Tech Nation adds 30 fintech scaleups to growth programme as funding continues to rise
UK government-backed startup network adds 30 fintechs to its growth programme amid record investments in finance tech sector
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September 30, 2021
30
Sep'21
Digital bank fined by regulator due to weak anti-money laundering controls
German digital bank is fined by financial services regulator for failing in relation to its anti-money laundering practices
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September 22, 2021
22
Sep'21
JP Morgan Chase to replace core banking system with Google-inspired cloud platform
JP Morgan Chase is the latest bank to acquire the cloud-native core banking technology of UK fintech Thought Machine
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September 15, 2021
15
Sep'21
UN human rights chief calls for moratorium on AI technologies
High commissioner’s call for a moratorium on the use of AI systems that pose a serious risk to human rights is accompanied by a UN report on the negative human rights impacts associated with the technology
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September 14, 2021
14
Sep'21
Government minister holds secret meeting with Post Office Horizon scandal victims
BEIS minister Paul Scully has Zoom call with three subpostmasters who were victims of the Post Office Horizon scandal
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September 14, 2021
14
Sep'21
CCRC refers six more subpostmaster convictions for appeal
An additional six subpostmasters’ convictions have been referred for appeal in Post Office IT scandal
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September 06, 2021
06
Sep'21
Saudi tourism development fund goes cloud-first with Oracle
$4bn fund will be used to invest in developing Saudi Arabia’s tourism industry as the country reduces its economic reliance on oil and gas
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August 31, 2021
31
Aug'21
Subpostmasters demand more clarity on Horizon public inquiry before committing their support
Subpostmaster campaign group founder demands that financial redress for members be included in public inquiry before it ‘willingly’ participates
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August 19, 2021
19
Aug'21
Challenger banks make reputational gains in business banking
The business banking sector is a big target for digital challengers and some are already building good reputations in the market
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August 17, 2021
17
Aug'21
Overturned convictions of subpostmasters mount up, but 555 victims no closer to justice
The government has failed to provide fair compensation to the subpostmasters who exposed the full extent of the Horizon scandal to the world
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August 11, 2021
11
Aug'21
Hacker makes off with $600m in world’s largest crypto-heist
Despite bagging $600m worth of cryptocurrency in what has been described as the biggest decentralised finance hack, the hacker has already started returning the funds
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August 11, 2021
11
Aug'21
Four more subpostmasters set to have convictions overturned
A further four subpostmasters are set to have their wrongful convictions overturned in the latest development in the Post Office Horizon scandal
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August 11, 2021
11
Aug'21
Global fintech investments reach new heights
The global financial technology industry is emerging from the pandemic-triggered slowdown with record levels of investment to fuel further growth
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August 05, 2021
05
Aug'21
SAP customers more alert to internal than external threats
SAP customers are more concerned by insider threats than by external attacks, according to a report. And yet the average SAP customer has around 2,500 vulnerabilities within their customised SAP code
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July 27, 2021
27
Jul'21
Gaming could reduce the gamble for users of online finance
Financial gaming platform designed to educate the increasing number of amateur traders
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July 22, 2021
22
Jul'21
Government to fund interim compensation of up to £100,000 for each wrongly convicted subpostmaster
The government will pay interim compensation within weeks to subpostmasters who were wrongly convicted of crimes due to computer errors
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July 21, 2021
21
Jul'21
Interview: Chano Fernandez, co-CEO of Workday – a European co-helming a Californian enterprise
Chano Fernandez, co-CEO of Workday, explains how the company’s storied and humane employee culture needs constant tending, and looks forward to a post-Covid acceleration
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July 19, 2021
19
Jul'21
A dozen more subpostmaster prosecutions quashed in Horizon scandal
Twelve more former subpostmasters have had wrongful convictions for financial crimes overturned in the Court of Appeal
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July 15, 2021
15
Jul'21
Fintech sector continues to attract investment as Revolut hits $33bn valuation
Revolut has become the most valuable financial technology firm in the UK after its latest round of investment, with plans for a ‘superapp’
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July 14, 2021
14
Jul'21
EC approves pan-Nordic payments platform
Pan-Nordic payments platform will move to its next phase after receiving merger approval from the European Commission
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July 13, 2021
13
Jul'21
Oracle’s Miranda advances customer wins against SAP for cloud applications suite
Steve Miranda, executive vice-president of applications development for Oracle globally, is showcasing three US customer wins against SAP at the supplier’s quarterly Oracle Live event
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July 13, 2021
13
Jul'21
Automation is key to digital transformation
Automation will enable IT teams to focus on driving transformative projects instead of supporting tasks that can be automated, says UiPath CEO Daniel Dines
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July 12, 2021
12
Jul'21
Taxpayers will have to pay at least £300m to bail out Post Office after scandal
The cost of a scheme set up to compensate subpostmasters who were victims of the Horizon IT scandal will exceed £300m even before damages are paid to all those who suffered
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July 09, 2021
09
Jul'21
Government commitment to Post Office Horizon victims was a ‘false promise’
The government has made no contact with subpostmasters two months after it said it would work with them to ensure they get speedy and fair compensation for their losses as a result of Post Office IT scandal
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July 01, 2021
01
Jul'21
Ten more former subpostmasters set to have wrongful convictions overturned
Another 10 subpostmasters are set to have their criminal convictions quashed as part of one of the biggest miscarriage of justice in British history
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July 01, 2021
01
Jul'21
SAP claims ‘huge momentum’ for Rise in APAC
A top SAP executive claims the region is leading the way in the ‘Rise with SAP’ cloud transformation programme which has been bolstered with modular cloud enterprise resource planning offerings
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June 29, 2021
29
Jun'21
Bank branches will be a thing of the past in five years, say bankers
Traditional bank branches are likely to disappear from the high street in the next five years, but banking ecosystems will ensure customer service levels are high, say bankers
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June 28, 2021
28
Jun'21
Zopa Bank to make profit in its first year
Bank set up by peer-to-peer lending fintech firm expected to make a profit in its first year
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June 28, 2021
28
Jun'21
German merger to fuel savings fintech expansion
German savings fintechs merge and plan European and US expansion