News

Financial applications

• 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

• January 06, 2021 06 Jan'21

  NHS trust says appointment processes robust despite criticism of role for Post Office scandal CEO

  NHS trust defends its director appointment process following an external review of its recruitment of former Post Office CEO Paula Vennells

• December 17, 2020 17 Dec'20

  Post Office suffers latest court defeat in Horizon IT scandal

  Court of Appeal indicates subpostmasters can pursue appeal route that could do more damage to Post Office’s reputation

• December 14, 2020 14 Dec'20

  Appointment of disgraced former Post Office executive at Welsh FA questioned by MP

  The appointment of a former Post Office executive, who tried to mislead a judge, in the Football Association of Wales has been questioned by an MP

• December 11, 2020 11 Dec'20

  History made as subpostmasters wrongly prosecuted in Horizon IT scandal have convictions quashed

  Six subpostmasters who were wrongly prosecuted for accounting shortfalls caused by computer errors have their convictions quashed after years of campaigning

• December 11, 2020 11 Dec'20

  Agility key to pandemic recovery, say APAC CFOs

  Chief financial officers in the Asia-Pacific region call for financial transformation to bring about the agility that their organisations need to tide over the pandemic

• December 07, 2020 07 Dec'20

  Singapore government to boost blockchain adoption

  Singapore government unveils S$12m programme to promote development and adoption of blockchain applications beyond financial services

• December 03, 2020 03 Dec'20

  Bank of England enlists development partner to unlock cloud

  Bank has agreed a two-year deal with a cloud development platform provider as it seeks to take its cloud journey to the next level

• December 01, 2020 01 Dec'20

  Government covers its ears as complaint by victims of Post Office abuse heads to ombudsman

  Government denies responsibility for the abuse inflicted on subpostmasters by the Post Office over faulty IT system

• November 26, 2020 26 Nov'20

  Robots taking jobs, but creating careers

  Robotic process automation developers tell Computer Weekly about the job they never expected to be doing

• 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