News

Financial applications

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
February 23, 2020 23 Feb'20
Australian government inks sourcing deal with Rimini Street

The whole-of-government agreement will provide Australian government agencies with easier and cheaper access to third-party software support
February 19, 2020 19 Feb'20
Swedish consumer-protection legislation will hit fintechs

New financial regulation to protect consumers from agreeing to unnecessary credit will force financial technology companies to make changes to their products
February 14, 2020 14 Feb'20
Calls for inquiry into Post Office IT scandal increase in Parliament, with cross-party support

Many MPs might not yet fully understand the suffering subpostmasters have endured because of the Post Office’s faulty IT system and its oppressive behaviour, but they will soon
February 12, 2020 12 Feb'20
Brexit cited as reason for German digital bank’s UK exit

German challenger bank N26 leaves the UK, saying Brexit is the reason behind the decision due to the removal of passporting rights
February 12, 2020 12 Feb'20
Pressure for public inquiry into Post Office IT system scandal begins with mountain to climb

Members of Parliament seeking a public inquiry into the Post Office Horizon scandal face huge challenges, but pressure and time could force justice
February 09, 2020 09 Feb'20
Australian government to roll out SAP S/4 Hana

Australia’s finance department earmarks S/4 Hana as its ERP system to provide common financial and HR services across government
February 03, 2020 03 Feb'20
Government refuses request to pay legal costs for subpostmasters in Post Office case

The government has refused to pay the huge legal costs subpostmasters incurred in their battle with the government-owned Post Office, which they won
January 28, 2020 28 Jan'20
Subpostmaster prosecutions move closer to appeal

Prosecutions are a significant step closer to being sent to the Court of Appeal as Criminal Courts Review Commission forms a group of commissioners to review them
January 27, 2020 27 Jan'20
Police sent information about potential Fujitsu staff perjury in subpostmaster prosecutions

The police have been asked to consider information from a High Court judge questioning evidence given by Fujitsu staff in criminal trials of Post Office subpostmasters
January 22, 2020 22 Jan'20
Government should not be allowed to dismiss subpostmasters’ claims over Horizon IT scandal

Subpostmasters are stepping up their fight for justice after their huge court victory, with Westminister replacing the High Court as the battleground
January 21, 2020 21 Jan'20
High-street banks face disruption three weeks after Travelex hack

Foreign exchange services still disrupted, three weeks after Travelex received a $6m ransom demand from cyber gangsters
January 15, 2020 15 Jan'20
Government distances itself from Post Office decisions in Horizon IT litigation

Department for Business, Energy & Industrial Strategy says it did not make decisions in the Post Office’s recent court battle
January 14, 2020 14 Jan'20
Why subpostmasters are calling on the government to pay Horizon trial costs

The damages that subpostmasters will receive after their court victory against the Post Office fall well short of their calculated losses
January 10, 2020 10 Jan'20
Subpostmaster group calls for government to pay legal costs for Horizon trial

The group of subpostmasters that defeated the Post Office in court over a faulty IT system are calling for the government to pay the costs of the legal action
January 09, 2020 09 Jan'20
Can fintech succeed where schools and parents have failed?

Young people in Britain are unprepared to manage their finances when they leave home and, as a result, many run into serious problems
January 08, 2020 08 Jan'20
Fujitsu must face scrutiny following Post Office Horizon trial judgment

While the Post Office has suffered financial and reputational damage after losing its court battle with subpostmasters, the supplier of the IT system at the centre of the dispute has major PR challenges ahead
January 03, 2020 03 Jan'20
Suspected ransomware attack causes worldwide disruption for Travelex

Travelex switches off computer systems and resorts to cash-only currency sales after malware attack. Insiders claim the currency exchange chain has been hit by ransomware which has left critical files containing customer data encrypted
December 27, 2019 27 Dec'19
Top 10 financial services IT stories of 2019

Here are Computer Weekly’s top 10 financial services and fintech stories of 2019
December 20, 2019 20 Dec'19
Has Y2K windowing been addressed by banks or is Y2.02K a risk?

Big banks that haven't replaced legacy systems or fixed temporary windowing solutions to Y2K could have problems at the beginning of 2020
December 20, 2019 20 Dec'19
National Federation of Subpostmasters cries foul after court ruling on controversial computer system

The National Federation of Subpostmasters said it was misled by the Post Office about the robustness of the IT systems its members use
December 17, 2019 17 Dec'19
Subpostmasters proved right on IT system failures as calls for full public inquiry mount

Post Office has been “in denial” about the robustness of its core retail system, which a judge said was to blame for problems experienced by subpostmasters in a multimillion-pound group action
December 13, 2019 13 Dec'19
Subpostmasters got the best deal possible in legal battle with the Post Office, says lawyer

Subpostmasters ended their legal battle with the Post Office at the optimal time, according to the lawyer that managed the High Court action
December 09, 2019 09 Dec'19
Dubai’s Kentech kicks off digital transformation drive

Energy and industrial support company will go live in Oracle’s cloud next month
December 06, 2019 06 Dec'19
Barclays opens large tech operation in India, hiring thousands

Barclays opens tech centre in Pune as part of its global delivery network
December 03, 2019 03 Dec'19
Insurtechs help traditional players differentiate

Traditional insurers are harnessing the agile development techniques of the tech startup community through partnerships with insurtechs
November 28, 2019 28 Nov'19
NatWest digital bank goes live

NatWest has announced the availability of its standalone digital challenger bank, known as Bó
November 27, 2019 27 Nov'19
Finland’s OP Financial Group accelerates open banking push

Finnish banking group is working with a Danish fintech to add open banking functionality to its offerings
November 26, 2019 26 Nov'19
Peer calls for clear-out of Post Office board after Court of Appeal confirms major court defeat

Conservative peer championing subpostmasters’ long-running battle with Post Office suggests management clear-out after Court of Appeal rejects appeal bid
November 25, 2019 25 Nov'19
How ServiceNow is empowering Asia’s mobile workforce

ServiceNow’s newly minted managing director in Asia talks up the company’s sweet spots and traction in the region, and what it’s doing to abstract away workflow complexities for mobile workers
November 22, 2019 22 Nov'19
Court of Appeal dismisses Post Office application to appeal damning judgment

The Court of Appeal has rejected a Post Office application to appeal judgments made in the first trial of its multimillion-pound battle with subpostmasters over IT system failures.
November 22, 2019 22 Nov'19
TSB tech woes continue with overnight systems failure

TSB customers have experienced problems receiving money into their accounts due to an IT error, just days after the bank was slammed in a report on its IT problems last year
November 21, 2019 21 Nov'19
Western Union transfers to AWS cloud

Western Union is the latest financial services form to set out a future in the Amazon Web Services cloud
November 20, 2019 20 Nov'19
Holy grail of digital banking is, at first glance, a new channel, not a new concept

Details of Google’s plans in the financial services sector have emerged with nothing groundbreaking so far, but the sector is guessing what comes next