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Financial applications

November 24, 2020 24 Nov'20
Post Office accused of lying and being in contempt of Parliament in IT scandal

Campaigning politician demands access to documents that could prove that the Post Office lied
November 23, 2020 23 Nov'20
Subpostmasters want £300m from a government that allowed Post Office ‘reign of terror’

The government allowed the Post Office to “run amok” and destroy lives, says complaint to Parliamentary Ombudsman
November 19, 2020 19 Nov'20
Fujitsu staff under investigation for potential perjury in Post Office IT trial named

Court documents reveal the names of the Fujitsu employees under investigation for potentially providing misleading information in criminal trials
November 17, 2020 17 Nov'20
Automated image recognition: How using ‘free’ photos on the internet can lead to lawsuits and fines

Germany-based photographer Marco Verch uses computer scripts to populate the internet with topical images and photographs. People and companies who make mistakes in following the complex licensing terms of his ‘free to share and adapt’ photographs ...

November 17, 2020 17 Nov'20
Botched software update to blame for Post Office Horizon crash

Post Office says planned firmware update caused the problem that left branches unable to do business for 90 minutes
November 16, 2020 16 Nov'20
Post Office explanation of IT system outage so vague it is ‘pointless’

Post Office criticised over vagueness of its explanation of the cause of a UK-wide IT failure that saw subpostmasters unable to do business
November 13, 2020 13 Nov'20
Police open criminal investigation into potential perjury by Fujitsu staff in Post Office IT trials

Current and former Fujitsu staff could face prosecution for giving false evidence in the trials of subpostmasters accused of theft and false accounting
November 11, 2020 11 Nov'20
What businesses can learn from GovTech’s digital strategy

Modernising its infrastructure and putting digital at its core has given Singapore’s Government Technology Agency the agility it needs to respond to the Covid-19 pandemic
November 11, 2020 11 Nov'20
Norway has lowest physical cash use in the world, says report

Norway claims to use less cash as a proportion of total spending than any other country across the globe, according to a study by its central bank
November 10, 2020 10 Nov'20
Deutsche Bank to sell retail banking IT unit to TCS for €1

Deutsche Bank has agreed to sell its retail banking IT operation to one of its main IT suppliers for a token €1

November 06, 2020 06 Nov'20
Finger pointed at Fujitsu as Post Office Horizon system crashes nationally

Post Office branches offline during busy business hours after suffering an IT error that the Post Office said related to IT from supplier Fujitsu
November 03, 2020 03 Nov'20
Subpostmasters’ complaint about government begins its journey to Parliamentary Ombudsman

Government faces scrutiny of its handling of the Post Office IT scandal that destroyed subpostmasters’ lives and livelihoods
October 27, 2020 27 Oct'20
SAP Q3 2020 results: revenue down 4%, cloud silver lining hailed

SAP’s third quarter 2020 results stated a 4% year-on-year reduction in revenue, with an 11% increase in cloud revenue lightening the gloom
October 23, 2020 23 Oct'20
NHS trust takes another look at its appointment of IT scandal CEO

Imperial College Healthcare NHS Foundation Trust has asked for external review of its process when appointing controversial executive
October 22, 2020 22 Oct'20
ANZ Bank moves digital banking services to container platform

Australia’s largest bank now runs 30% of its internet banking services on Red Hat OpenShift in a move that has energised developers and paved the way for more automation
October 21, 2020 21 Oct'20
Financial services staff want work-from-home policies to continue after Covid

About half of workers in the finance sector want their employers to retain remote working policies brought in during the pandemic
October 20, 2020 20 Oct'20
Labour shares concerns over ‘whitewash’ Horizon IT inquiry

Labour MPs write to postal affairs minister expressing fears that the inquiry into the Horizon IT scandal does not guarantee cooperation from the Post Office, Fujitsu and government
October 15, 2020 15 Oct'20
Post Office races to solve IT error under gaze of public and banks

The Post Office is focusing urgently on fixing an IT error suffered by a subpostmaster amid the ongoing IT scandal
October 14, 2020 14 Oct'20
NHS England issues integrated cloud ERP procurement advice call

NHS England is calling on software suppliers for advice concerning the feasibility of moving and integrating its ERP systems in cloud infrastructure
October 13, 2020 13 Oct'20
Government minister’s plea for subpostmasters to take part in review of IT scandal rejected

Government minister met with former subpostmaster online in an attempt to get victims of the Post Office Horizon scandal involved in government review
October 08, 2020 08 Oct'20
Care Quality Commission enquiries into IT scandal CEO continue

NHS regulator continues enquiries about the appointment of former Post Office CEO at Imperial College Healthcare NHS Trust as more damning details emerge
October 08, 2020 08 Oct'20
Accenture acquires NZ firm to bolster SAP practice

Accenture’s acquisition of Zag comes amid growing demand for expertise in S/4 Hana migrations in Australia and New Zealand
October 06, 2020 06 Oct'20
Government deaf to loud calls for statutory public inquiry into Post Office scandal

MPs are demanding the government holds a full statutory public inquiry into the Post Office IT scandal
October 02, 2020 02 Oct'20
Justice for subpostmasters as wrongful criminal convictions are set to be quashed

The Post Office has chosen not to contest 44 out of 47 appeals, meaning most are likely to have their names cleared, but others still face a Court of Appeal battle for justice
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
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
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
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
September 21, 2020 21 Sep'20
DBS taps AI and data analytics in intelligent banking move

Singapore’s DBS Bank has started tapping AI and analytics to provide customers with hyper-personalised insights and recommendations to win more market share
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
April 08, 2020 08 Apr'20
What next for subpostmasters’ miscarriage of justice appeals?

Computer Weekly looks at the next stages in the process to clear the names of subpostmasters wrongly prosecuted for the crimes of theft and false accounting
March 27, 2020 27 Mar'20
How subpostmasters made legal history with biggest referral of potential miscarriages of justice

Subpostmasters seeking redress of prosecutions at the hands of an IT system force the biggest ever UK referral of cases of potential miscarriages of justice to the Court of Appeal
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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