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Financial applications

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’
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
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
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

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
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
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
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
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
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

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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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’
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
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
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
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
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
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
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
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
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
June 28, 2021 28 Jun'21
German merger to fuel savings fintech expansion

German savings fintechs merge and plan European and US expansion
June 21, 2021 21 Jun'21
Post Office pays 400 subpostmasters compensation for losses caused by computer errors

The Post Office has so far compensated 400 subpostmasters who suffered losses because of errors in the organisation’s Horizon computer system
June 18, 2021 18 Jun'21
Digital banks could dominate once baby boomers pass on their wealth

Traditional banks face challenges in the coming years due to an increasing number of millennials only using digital banks
June 16, 2021 16 Jun'21
Contactless payments accounted for a quarter of all UK payments in 2020

Restrictions in everyday life brought by the Covid-19 pandemic fuelled an increase in the use of contactless payment technology during 2020
June 14, 2021 14 Jun'21
HammondCare takes procurement to the cloud

The Australian health and aged care provider migrated its procurement and invoicing systems to the cloud in just six months to improve efficiency and security
June 09, 2021 09 Jun'21
BBVA to cut 3,000 jobs in Spain as digital technology transforms industry

Spanish bank is the latest to announce swingeing branch and job cuts amid increased digital competition
June 08, 2021 08 Jun'21
Did government allow Post Office to sack forensic accountants to cover up Horizon scandal?

Whatever the Post Office told government about its decision to sack investigators examining subpostmaster prosecutions for theft could identify if the government was part of a cover-up
June 07, 2021 07 Jun'21
Bank of England calls for feedback on digital currencies

The UK financial services regulator is calling for feedback from organisations, including tech firms, on the use of cryptocurrency
June 01, 2021 01 Jun'21
Post Office scandal public inquiry finally begins after chances to address problems were ignored

The Post Office Horizon scandal inquiry begins with subpostmaster campaign group waiting for full details before committing its support
May 31, 2021 31 May'21
Great Eastern doubles down on data analytics

Singapore insurer Great Eastern has started a centre of excellence to drive adoption of data analytics and hone its capabilities in data governance and data engineering
May 27, 2021 27 May'21
BCS demands reform to rules on computer evidence following Post Office Horizon scandal revelations

Professional IT body wants changes to how computer evidence is used in court in the wake of the Post Office case
May 26, 2021 26 May'21
‘It's a good day when we refer a case,’ CCRC tells MPs during review of Post Office prosecutions

Criminal Cases Review Commission will not allow pressure on its resources to prevent subpostmasters seeking a review of their criminal convictions
May 20, 2021 20 May'21
Subpostmaster campaign group to meet Post Office scandal inquiry chair

The subpostmaster campaign group JFSA refused to cooperate with initial inquiry because it ‘lacked teeth’, but is now willing to talk after it was put on a statutory footing
May 14, 2021 14 May'21
More former subpostmasters have criminal convictions quashed

Two former subpostmasters pushed to the brink of suicide after being convicted for financial crimes finally have their names cleared
May 12, 2021 12 May'21
Fujitsu bags £3bn in public sector contracts while software errors wreck the lives of subpostmasters

The supplier at the centre of the Post Office Horizon scandal has so far escaped the ramifications of its role in the biggest miscarriage of justice in UK history
May 10, 2021 10 May'21
Miscarriages of justice are the potent tip of Post Office scandal

The miscarriages of justice involving subpostmasters are the most disturbing element of the Post Office Horizon scandal – but it goes much deeper
May 07, 2021 07 May'21
Post Office contacts over 500 subpostmasters potentially wrongly prosecuted for financial crimes

The Post Office has contacted hundreds of people it might have wrongly prosecuted for financial crimes
May 07, 2021 07 May'21
Minister promises ‘fair and speedy’ compensation for 555 subpostmasters who defeated Post Office

Government says it wants to ensure a fair pay-out for the 555 subpostmasters who defeated the Post Office in a legal battle but were then excluded from the resulting compensation scheme
May 05, 2021 05 May'21
Post Office dishonesty in Horizon scandal is reason enough for statutory public inquiry

Subpostmasters, MPs and the public call for a full statutory judge-led public inquiry into the Post Office Horizon scandal, following another damning court judgment
April 26, 2021 26 Apr'21
Another 38 subpostmasters submit appeals against convictions

The biggest miscarriage of justice in UK history is set to get bigger as more subpostmasters take their cases to the Court of Appeal
April 26, 2021 26 Apr'21
Post Office scandal CEO steps down from roles after massive miscarriage of justice is laid bare

Former Post Office CEO Paula Vennells has left roles in the church, Morrisons and Dunelm after postmasters’ convictions were overturned in the Court of Appeal
April 23, 2021 23 Apr'21
Post Office scandal victims have criminal convictions overturned in Court of Appeal

Subpostmasters have their criminal convictions overturned after a judge rules that the Post Office prosecuted them without investigating computer errors
April 22, 2021 22 Apr'21
SAP Q1 2021: Revenue nudges up 2% year-on-year, S/4 adoption up 2.5% on prior quarter

SAP has reported first quarter 2021 revenue of €6.35bn, up 2% on the same year-ago quarter. Cloud revenue has increased by 1% year-on-year, and S/4 adoption is up 2.5% on the previous quarter
April 15, 2021 15 Apr'21
Only government standing in the way of fair compensation for subpostmasters

The UK government is the only block to fair compensation for subpostmasters who were wrongly punished for accounting shortfalls
April 11, 2021 11 Apr'21
Executive interview: Unleashing blockchain’s potential

Labrys founder and CEO Lachlan Feeney offers his observations about blockchain adoption in Australia, and what his firm is doing to help organisations unleash the full potential of the technology
April 08, 2021 08 Apr'21
Post Office Horizon contract extension is part of project to bring Fujitsu work in-house

The Post Office is to move work done by Fujitsu in-house when its outsourcing contract ends, and is already recruiting IT experts
April 07, 2021 07 Apr'21
A billion extra contactless payments in year since limit increase

Visa said there was an extra one billion contactless payments made by its customers last year
April 07, 2021 07 Apr'21
Post Office gives controversial Fujitsu contract another year

The Post Office's controversial contract with Fujitsu has been extended another year to help the organisation manage its exit
April 06, 2021 06 Apr'21
Demands for changes to ‘barmy’ rules on digital evidence have government’s ear

The government is listening to calls for changes in how digital evidence is considered in court, as Post Office IT scandal spells out current rule's inadequacy
March 29, 2021 29 Mar'21
CW Innovation Awards: How DBS is transforming credit processes

DBS Bank’s credit architecture programme has digitised and reimagined credit processes through a unified platform that has improved the productivity and efficiency of its credit teams
March 25, 2021 25 Mar'21
Government faces judicial review into plans for Post Office Horizon inquiry

Subpostmasters that suffered great hardship at the hands of the Post Office are applying for a judicial review of a government inquiry into the scandal, which they see as a "whitewash"
March 24, 2021 24 Mar'21
Ex-Post Office CEO Paula Vennells walked away from IT scandal with over £400,000 in pay and bonuses

Former Post Office chief was paid over £400,000 when she left despite the organisation being involved in what would become the biggest miscarriage of justice in UK history
March 24, 2021 24 Mar'21
Covid-torn supply chains speed cloud adoption, says Oracle’s Miranda

Second wave of pandemic has seen some Oracle customers speed up adoption and others attend to some enterprise software housekeeping
March 24, 2021 24 Mar'21
Post Office was told in 2013 that Fujitsu witness was unreliable in subpostmaster prosecutions

The Post Office was warned that a former Fujitsu employee had misled courts when giving evidence on its behalf
March 23, 2021 23 Mar'21
NUHS taps RPA in Covid-19 swab tests

Singapore’s National University Health System deploys RPA bots to automate patient registration during Covid-19 swab tests as part of broader efforts to improve efficiency
March 22, 2021 22 Mar'21
Post Office staff instructed to shred documents that undermined its claims Horizon was robust

Barrister advising the Post Office in 2013 stated that destroying documents would "amount to a conspiracy to pervert the course of justice"
March 19, 2021 19 Mar'21
Post Office IT scandal executive forced out of job at Football Association of Wales

Angela van den Bogerd has left her role at the Football Association of Wales, following criticism of her part in Post Office IT scandal
March 18, 2021 18 Mar'21
Government to bail out Post Office which can’t afford to pay compensation to subpostmasters

The Post Office does not have enough money to pay compensation to the subpostmasters it wrongfully prosecuted
March 18, 2021 18 Mar'21
Subpostmasters in Court of Appeal to end 20-year torment

Subpostmasters heading to Court of Appeal to clear their names in what is potentially the biggest miscarriage of justice in English legal history
March 11, 2021 11 Mar'21
Potential miscarriages of justice of Scottish subpostmasters move to full review

The Post Office Horizon scandal gets bigger as subpostmaster prosecutions in Scotland are reviewed
March 11, 2021 11 Mar'21
Oracle Q3, 2020-21: Revenue growth of 3% backdrop to Ellison attack on SAP

Chairman and CTO Larry Ellison launches competitive attack on SAP as Oracle’s third-quarter results show revenue growth of 3%
March 11, 2021 11 Mar'21
IFS ramps up single-platform cloud delivery as it bids ERP adieu

Business applications supplier shifts fundamentally to cloud infrastructure while sloughing off enterprise resource planning as it rebrands
March 10, 2021 10 Mar'21
Welsh FA boss linked to recruitment of controversial former Post Office executive to step down

Football Association Wales CEO Jonathan Ford is stepping down after losing a vote of no confidence triggered by the controversial appointment of Angela van den Bogerd, who was involved in the Post Office IT scandal
March 09, 2021 09 Mar'21
Prime minister yet to respond to serious subpostmaster concerns over Horizon IT scandal inquiry

Subpostmaster victims who have spent millions bringing the Post Office IT scandal to light have received no reply to their concerns from Boris Johnson
March 08, 2021 08 Mar'21
Government to change unfair private prosecution rules used to prosecute innocent subpostmasters

Government agrees to change private prosecution rules that were abused by the Post Office in its pursuit of subpostmasters wrongly accused of financial crimes
March 04, 2021 04 Mar'21
Bank of Ireland to reduce branch network by almost half

Bank of Ireland is latest bank to pin its future on digital channels as customers change their banking habits
March 02, 2021 02 Mar'21
How SAP is riding the rising tide of cloud

SAP’s newly minted president for Asia-Pacific and Japan talks up the company’s cloud traction and what is being done to ease the transition to S/4 Hana
February 26, 2021 26 Feb'21
It’s now or never for UK fintech, government told

The UK government faces a ‘now or never’ moment if it wants financial technology to play a central role in the economy for years to come
February 24, 2021 24 Feb'21
Appointment of disgraced former Post Office director triggers vote of no confidence in Welsh FA boss

Vote of no confidence in Football Association of Wales boss triggered by recruitment of former Post Office executive who tried to mislead a judge in IT trial
February 23, 2021 23 Feb'21
Subpostmaster group calls for prime minister to pause Horizon ‘whitewash’ inquiry

Subpostmasters call for Boris Johnson to pause and reshape the government’s Horizon inquiry
February 22, 2021 22 Feb'21
UK government set to offer fintech visa

The importance of immigrant workers to the UK's fintech sector highlighted by government planned fintech visa
February 19, 2021 19 Feb'21
Fujitsu bosses knew about Post Office Horizon IT flaws, says insider

A former senior developer who worked for Fujitsu on the Post Office IT system that led to subpostmasters being falsely accused of fraud, has claimed bosses knew of fundamental flaws before going live
February 16, 2021 16 Feb'21
TransferGo to harness Google-inspired tech capability

Payments fintech TransferGo chooses cloud-native core banking platform to build a digital wallet and expand its services
February 16, 2021 16 Feb'21
Qatar regulator launches platform to monitor human understanding of financial crime

Qatari financial services regulator works with global body to provide digital platform to assess whether financial services workers understand how to prevent financial crime
February 08, 2021 08 Feb'21
Woolworths to invest more than A$50m in skills training

More than 60,000 Woolworths employees across store and e-commerce operations, supply chain network and support offices are expected to benefit from the new investment
February 03, 2021 03 Feb'21
Has Covid-19 made bank branch closures easier to sell?

Big banks continue to close branches and invest more in technology as the Covid-19 pandemic makes a case for digital banking
February 02, 2021 02 Feb'21
Nordic countries dominate European online banking take-up

Nordics dominate online banking take-up in Europe, but the UK is not far behind
January 28, 2021 28 Jan'21
JP Morgan Chase hires for UK digital bank launch

US banking giant hires in the UK in preparation for digital consumer bank launch
January 28, 2021 28 Jan'21
SAP launches ‘Rise’ business transformation as a service

SAP CEO Christian Klein announces business transformation as a service package, dubbed Rise
January 26, 2021 26 Jan'21
Customers turn to cash as IT issue hits card payments at major supermarkets

IT problem at payment processing company has forced shoppers to resort to cash in Morrisons and Co-op stores
January 20, 2021 20 Jan'21
More subpostmasters’ prosecutions sent to appeal for wrongful conviction

Four more subpostmasters are to have their appeals against criminal convictions heard in the appeal courts
January 20, 2021 20 Jan'21
IT scandal exposes legal rule that made it easy for Post Office to prosecute the innocent

Lawyers call for changes to digital evidence rule that made it easier for the Post Office to ‘bamboozle courts’ and make subpostmasters pay a heavy price for its IT failings
January 14, 2021 14 Jan'21
London received quarter of all European tech funding in 2020

Technology startups in London raised near-record levels of venture capital investment last year despite uncertainty related to Brexit and Covid-19
January 14, 2021 14 Jan'21
Numbers stack up for UK open banking three years on

Three years have passed since open banking regulations came into force and momentum is gathering
January 12, 2021 12 Jan'21
Retail giant Walmart to launch a fintech

Fintech will be geared towards offering the services Walmart’s customers and employees want