News
Financial applications
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September 29, 2020
29
Sep'20
Over two million Brits using open banking
Data shows more than two million people in the UK are now taking control of their financial data through open banking
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September 29, 2020
29
Sep'20
Subpostmasters still in the dark about live Horizon errors
Subpostmasters still not being told about all the known errors in the controversial Post Office branch accounting and retail system that they use
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September 29, 2020
29
Sep'20
Universal Credit algorithm fails people in need, says Human Rights Watch
The human rights charity says the government’s flagship benefits system is “flawed” and that the means-testing algorithm used causes “irrational fluctuations and reductions in how much benefit” claimants receive each month
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September 24, 2020
24
Sep'20
Can banks solve money laundering puzzle through technology?
Banks face a huge challenge in identifying and stopping money laundering without interfering with police investigations
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September 21, 2020
21
Sep'20
DBS taps AI and data analytics in intelligent banking move
Singaporean bank has started using artificial intelligence and analytics to provide customers with hyper-personalised insights and recommendations, to win more market share
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September 11, 2020
11
Sep'20
Santander to double investment in fintechs
Santander is doubling the amount of money it invests in fintech startups after the success of its funding arm, which was established in 2014
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September 09, 2020
09
Sep'20
London councils to share technology procurement platform
A new technology procurement platform will help all 33 local councils in London diversify their IT supplier portfolios
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September 08, 2020
08
Sep'20
Post Office Horizon IT scandal victims face further battles as government digs heels in
The government repeats that it won’t pay victims’ legal costs and confirms review into the scandal will not have the power to call witnesses
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September 03, 2020
03
Sep'20
Insurers accept they were slow to adopt digital
Insurance companies know they must prioritise digital investment and are planning in-house development to help make up lost ground
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August 07, 2020
07
Aug'20
Cyber attack combined with Covid-19 puts Travelex into administration
Foreign exchange firm Travelex has cut UK staff by 1,300 and physical outlets will remain closed
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August 07, 2020
07
Aug'20
Challenger bank sees huge growth during pandemic
Starling Bank has seen a big increase in its business amid the Covid-19 slowdown
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August 04, 2020
04
Aug'20
Google links with eight US banks for current accounts
Tech giant works with banks to layer digital services on top of secure and regulated banking infrastructures
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August 04, 2020
04
Aug'20
Nordic enterprises look for SAP price reductions as they navigate Covid-19
Businesses in the Nordics are using SAP Cloud Platform to address Covid-19 challenges and are also seeking price reductions
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August 03, 2020
03
Aug'20
Private equity leads Nordic IT sector consolidation
Private equity firms and industrial giants are triggering mergers and acquisitions in the Nordic tech sector as investment slows amid the Covid-19 pandemic
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July 30, 2020
30
Jul'20
Accenture selected for key role in Bank of England core settlement system replacement
Accenture will be technology delivery partner in project to replace the core system used to settle payments between banks
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July 28, 2020
28
Jul'20
UK government aims fintech industry at Africa
UK government is building fintech relationships with developing countries, beginning with a pilot programme in Africa
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July 23, 2020
23
Jul'20
APAC firms in early stages of digital transformation
More than three-quarters of APAC firms struggle to revise their financial plans amid the Covid-19 pandemic, with many still lacking agile systems and processes, a new study finds
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July 22, 2020
22
Jul'20
BNP Paribas joins IBM financial services cloud project
IBM’s financial services cloud is gathering steam as more banks join its public cloud ecosystem of finance firms and developers
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July 16, 2020
16
Jul'20
Banks face fairness challenges as they commit to AI technology
Banks working with artificial intelligence technology face governance challenges to ensure AI-based decisions are fair and ethical
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July 15, 2020
15
Jul'20
HSBC chooses AWS for public cloud business operations
HSBC will use a cloud platform from Amazon Web Services across its business operations to accelerate its public cloud use
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July 15, 2020
15
Jul'20
Singapore’s Project Ubin hits commercialisation milestone
A blockchain payments network prototype spearheaded by Singapore’s central bank and its partners could speed up and lower the cost of cross-border payments
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July 14, 2020
14
Jul'20
Subpostmasters hit funding target to prevent government from burying IT scandal
The government is set to face scrutiny over its involvement in the Post Office Horizon IT scandal, described as one of the biggest miscarriages of justice in modern UK history
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July 13, 2020
13
Jul'20
How SingEx is bracing itself for disruption
Singapore’s SingEx started its digital transformation journey a few years ago and has already pivoted its approach to cope with new challenges brought on by the Covid-19 pandemic
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July 09, 2020
09
Jul'20
Tencent Cloud teams up with ADBC on banking services
Singapore’s Asia Digital Bank Corporation could leverage Tencent Cloud’s financial cloud platform to provide banking services to small businesses
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June 29, 2020
29
Jun'20
MPs to examine fairness of private prosecutions in light of Post Office IT scandal
Parliamentary Justice Committee to hold short inquiry into the rules and regulations surrounding private organisations’ ability to initiate criminal proceedings
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June 25, 2020
25
Jun'20
Former Post Office CEO and Fujitsu play the blame game in Horizon IT scandal
Post Office and Fujitsu blame each other for many of the failings in the Horizon IT scandal that wrecked lives
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June 24, 2020
24
Jun'20
Firm that investigated controversial Post Office IT system to support criminal conviction appeals
Second Sight is working with law firm in appeals by subpostmasters against criminal convictions in Horizon IT scandal
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June 22, 2020
22
Jun'20
Care Quality Commission to discuss concerns over Paula Vennells’ NHS role
Healthcare regulator will be discussing concerns about former NHS boss chairing an NHS trust at an upcoming meeting
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June 19, 2020
19
Jun'20
Post Office Horizon scandal victims keep pressure on government’s doorstep
Subpostmasters fighting for justice in IT scandal are pressuring government on numerous fronts, as momentum is regained after reduced activity due to Covid-19 lockdown
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June 16, 2020
16
Jun'20
Danske Bank begins process of creating autonomous development teams
Danish bank begins the process of changing how thousands of its staff work as it attempts to be more responsive to digital demand
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June 16, 2020
16
Jun'20
Sapphire 2020: Christian Klein steps back from products to push ‘intelligent enterprise’ resilience
Christian Klein used his first Sapphire keynote as CEO of SAP to underline the supplier’s support for supply chain resiliency and automation against Covid-19 pandemic and climate change backcloths
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June 11, 2020
11
Jun'20
Anger as government launches ‘pathetic’ and ‘pointless’ review of Horizon scandal
The government has been accused of launching a review that fails in getting to the bottom of one of the biggest miscarriages of justice in UK history
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June 09, 2020
09
Jun'20
How Malaysia’s Gain Secure stood tall amid Covid-19
Walter Wong, executive director of Gain Secure and former Microsoft employee, talks up how his business is coping during Malaysia’s lockdown
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June 05, 2020
05
Jun'20
Businesses develop apps quickly to manage disruption of Covid-19
Healthcare companies, insurers, government agencies and big tech companies have used technology from Pegasystems to develop apps to manage the disruption caused by coronavirus
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June 04, 2020
04
Jun'20
MPs' investigation into Post Office Horizon IT scandal bares teeth
Select committee chair writes to former Post Office CEO demanding answers over her role in IT scandal
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June 03, 2020
03
Jun'20
CCRC sends 47 subpostmaster miscarriages of justice for appeal, asks for prosecution powers review
The Criminal Cases Review Commission sends 47 more subpostmaster cases to Court of Appeal and asks government to review private prosecution powers
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June 02, 2020
02
Jun'20
Subpostmasters to force scrutiny of government’s role in Post Office IT scandal
The government's role in the Post Office Horizon IT scandal could soon be put under the microscope as subpostmasters take their complaints to the Parliamentary Ombudsman
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May 29, 2020
29
May'20
UK fintech investment reaches record high
Huge increases in UK fintech investment over the past three years has seen the sector explode, but most of the activity is still concentrated in London
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May 27, 2020
27
May'20
Subpostmasters crowdfund for justice in IT scandal
Campaign group calls for public support to help potential victims of Post Office Horizon IT scandal
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May 26, 2020
26
May'20
900 more criminal prosecutions of subpostmasters could be unsafe because of IT failures
Post Office re-examines hundreds of prosecutions that could have resulted from faults in Horizon IT system
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May 20, 2020
20
May'20
Coronavirus: Bahrain sees fintech take-up surge amid Covid-19 crisis
Covid-19 has spurred the use of financial technology in Bahrain, which could boost the industry in the country and wider Gulf region
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May 19, 2020
19
May'20
Post Office executive who tried to mislead judge in Horizon trial leaves via back door
Angela van den Bogerd leaves position as Post Office director quietly, despite many years of service
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May 12, 2020
12
May'20
Australia’s Kmart gears up for mainframe migration
Retailer is lifting and shifting some old Cobol code to AWS while rebuilding others into microservices in its mainframe migration move
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May 11, 2020
11
May'20
How Sage scrambled software development team for Job Retention Scheme module
Small team of Sage developers, testers and payroll specialists in race against time to help customers facilitate HMRC’s furlough scheme
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May 11, 2020
11
May'20
Micro Focus sees growth in mainframe migration business
Lifting and shifting Cobol code from mainframes to public cloud has been a growth driver for Micro Focus in the Asia-Pacific region, even as the software supplier continues to diversify its business
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May 06, 2020
06
May'20
Cash use to go below 5% of total spending in Middle East
Banks expect a rapid reduction of the use of cash in the region
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May 05, 2020
05
May'20
Coronavirus: TSB develops smart agent to help staff during pandemic
TSB took just five days to design and implement a smart digital agent to answer customer questions during the Covid-19 pandemic
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May 01, 2020
01
May'20
Subpostmasters receive their ‘inadequate’ damages over Horizon IT scandal
Subpostmasters who had their lives ruined by the Post Office’s faulty IT system have received their damages after a High Court victory
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April 28, 2020
28
Apr'20
Met Police assessing evidence of potential perjury in Post Office IT trials
Force examines information about evidence given in court by Fujitsu staff on the Horizon IT system before deciding whether to investigate further
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April 15, 2020
15
Apr'20
Coronavirus: Lloyds Bank to give thousands of tablet devices to over-70s
Banking group is giving away tablets and basic digital training to help vulnerable customers stay connected during the UK’s Covid-19 lockdown