News

Financial applications

• November 21, 2025 21 Nov'25

  Subpostmaster was told no jury would believe Post Office had ‘dodgy computer’

  Academic research says the wrongful prosecution of subpostmasters casts doubt on ‘golden thread’ of British justice, that people are innocent until proven guilty

• November 20, 2025 20 Nov'25

  Fujitsu milks £110m from HMRC in six months with hardly a public stir

  IT giant Fujitsu pockets £110m from deals with HMRC in six months since the end of March this year

• November 19, 2025 19 Nov'25

  Workday sets out to reinvent ERP with agentic AI platform

  At Workday Rising EMEA, the HR and financial applications SaaS supplier signalled a new phase of development as an agentic AI platform provider that might disrupt traditional ERP

• November 19, 2025 19 Nov'25

  Artificial intelligence helps Klarna double revenues with half the staff

  Swedish fintech has gradually replaced half of its staff with artificial intelligence and doubled its revenues

• November 17, 2025 17 Nov'25

  UK investment bank IT outages cost £600k an hour

  Survey respondents say there are barriers to resilience for UK investment banks, including a skills shortage and internal resistance

• November 17, 2025 17 Nov'25

  Salesforce: CIOs closer to the bridge than ever due to agentic AI

  Salesforce research finds CIOs closer than ever to steering the business, acting as strategic partners to their CEOs, thanks to the growth of agentic AI

• November 13, 2025 13 Nov'25

  Post Office contract with Fujitsu has option to extend into 2028

  Extension agreement for controversial Horizon contract with Fujitsu has option that could take the relationship well into 2028

• November 10, 2025 10 Nov'25

  Post Office extends controversial Fujitsu contract in £41m deal

  The Post Office’s controversial Horizon contract with Fujitsu will run until at least March 2027

• November 10, 2025 10 Nov'25

  DBS enhances GenAI chatbot for business clients

  The bank’s virtual assistant, DBS Joy, has been enhanced with generative AI capabilities to provide business customers with faster and better answers to their queries

• November 06, 2025 06 Nov'25

  Unearthed report reveals source of Post Office’s tenuous Capture sales pitch

  Computer Weekly reveals report that misguided the Post Office’s sales pitch to subpostmasters for its controversial Capture system

• October 30, 2025 30 Oct'25

  Post Office scandal investigator warns public inquiry about Horizon defect at large for years

  Forensic investigator who helped expose Horizon scandal described defect ‘sufficiently serious’ to inform public inquiry

• October 29, 2025 29 Oct'25

  Post Office Capture redress scheme ‘went down like lead balloon’ and is ‘discriminatory’

  Subpostmasters frustrated after meeting with government minister on the announcement of compensation scheme for those who had problems with Post Office Capture

• October 27, 2025 27 Oct'25

  Post Office paid one law firm more for inquiry representation than cost of actual inquiry

  Public inquiry into one of the biggest miscarriages of justice in UK history cost less to run than the Post Office paid one law firm for representation during the four-year process

• October 24, 2025 24 Oct'25

  Government awards Post Office £2m contract to search for its own Capture records

  Up to 1,500 claims expected from former users of the Post Office’s controversial Capture software

• October 16, 2025 16 Oct'25

  CCRC formally sends Post Office Capture referral to Court of Appeal

  The statutory body agreed in July to refer the conviction of Capture software user Patricia Owen to appeal court

• October 14, 2025 14 Oct'25

  Shameless Fujitsu boss confident firm will be back in ‘good books’ in 18 months

  Pressure is mounting on Fujitsu as its internal culture and lack of genuine regret over its part in the Post Office scandal are revealed by Computer Weekly

• October 08, 2025 08 Oct'25

  Fujitsu boss said Post Office inquiry report wasn’t ‘that bad’, despite link to suicides

  Computer Weekly reveals callous comments made by a senior Fujitsu executive about Post Office scandal inquiry report

• October 07, 2025 07 Oct'25

  Peer demands Fujitsu pay £700m in interim as it prepares response to Post Office scandal inquiry

  Fujitsu, government and Post Office set to outline restorative justice plans, as peers calls for an interim payment towards costs.

• October 06, 2025 06 Oct'25

  SAP: AI is commoditising business applications

  Business applications are at risk of being commoditised with artificial intelligence increasingly becoming the new interface that lets businesses execute tasks across different systems, according to a senior SAP leader

• October 01, 2025 01 Oct'25

  Interview: Wayne Barlow, head of terminal products, Bloomberg

  Techie turned business leader Wayne Barlow heads up the development of Bloomberg’s customer-touching terminal software

• October 01, 2025 01 Oct'25

  Over half of UK adults use mobile wallets

  Cash accounted for less than 10% of payments in the UK in 2024, according to UK Finance figures

• September 29, 2025 29 Sep'25

  Global payments network Swift builds blockchain capability

  Not-for-profit global payments network to initially use blockchain-based shared ledger for cross-border payments, with further use cases to follow

• September 23, 2025 23 Sep'25

  Post Office Capture appeals slowed by poor records

  Poor data on the use of the Post Office Capture software is slowing the review of criminal convictions, says lawyer

• September 23, 2025 23 Sep'25

  EU to shut door on Big Tech in financial data sharing

  US tech giants to be excluded from EU’s Financial Data Access initiative, which enables the sharing of certain customer financial data

• September 18, 2025 18 Sep'25

  UK banks still run software code written more than 60 years ago

  More than half of UK banks still rely on computer code written in or before the 1970s, and which is understood by only a few of their staff

• September 15, 2025 15 Sep'25

  ‘Utter madness’ as Post Office paid law firm double the cost of scandal public inquiry

  The Post Office legal representation at public inquiry into Horizon scandal cost twice as much as the actual inquiry

• September 12, 2025 12 Sep'25

  Post Office Horizon accounts are still a mess and replacement system is years away

  Sources say the Post Office doesn’t know whether millions of pounds of branch discrepancies are real or not

• September 09, 2025 09 Sep'25

  Fujitsu braced for double-digit decline triggered by ‘foolish display of legal machismo’

  Internally, Fujitsu UK is braced for major revenue decline as Post Office scandal takes its toll

• September 04, 2025 04 Sep'25

  Depression, anxiety, PTSD and suicidal thoughts: Post Office victims speak out

  Report finds that former subpostmasters suffered and are continuing to suffer severe mental and physical problems due to their treatment by the Post Office

• September 04, 2025 04 Sep'25

  Mercedes-AMG Petronas F1 team chooses SAP Cloud ERP to gain edge

  Formula 1 team Mercedes-AMG Petronas has chosen SAP Cloud ERP to help it comply with upcoming regulatory changes from the FIA

• September 03, 2025 03 Sep'25

  Open banking take-up grows by a third

  Rising payments are driving the adoption of open banking, with more than 15 million users in July

• September 02, 2025 02 Sep'25

  Scottish Widows completes migration of millions of accounts to TCS platform

  Pension provider reaches milestone in its digital transformation with Indian IT services giant

• August 28, 2025 28 Aug'25

  Zopa Bank seeks partners to form AI skills coalition

  Survey by Juniper Research and Zopa Bank reveals full return on investment in artificial intelligence over next five years

• August 21, 2025 21 Aug'25

  Police investigation into Post Office scandal to cost more than £50m

  Metropolitan Police-led investigation into Post Office scandal is expected to run to 2030 and cost taxpayers tens of millions of pounds

• August 21, 2025 21 Aug'25

  Subpostmaster federation accepted money from Fujitsu in run-up to High Court Post Office trial

  The National Federation of Subpostmasters accepted sponsorship money from Fujitsu in the run-up to a High Court case examining the IT firm’s faulty Post Office system

• August 13, 2025 13 Aug'25

  SAP touts Business Suite as key to enterprise AI

  The German software giant pitched its Business Suite set of integrated applications for the AI era, along with the SAP Joule copilot as the future orchestrator of business workflows, at its customer conference in Melbourne

• August 13, 2025 13 Aug'25

  Fujitsu orders staff to retain Post Office-related documentation as it braces for legal action

  Japanese supplier tells all UK staff to preserve documents related to its work with the Post Office

• August 12, 2025 12 Aug'25

  Workday research: 75% of employees will work with artificial intelligence, but not for it

  Workday research finds 75% of workers like AI as a teammate, but only 30% want it to be the boss. Trust in the technology may grow with use, but human focus, clear roles and governance are key

• August 12, 2025 12 Aug'25

  UK state-owned bank goes cloud-native

  State-owned National Savings and Investments bank used contract renewal as an opportunity to keep pace with changes in the market

• August 12, 2025 12 Aug'25

  Salesforce research: CFOs zealous for agentic AI

  A Salesforce study says chief financial officers have shifted from agentic artificial intelligence caution to putting the technology front and centre of their business strategies

• August 04, 2025 04 Aug'25

  Integrated platforms offer lifeline to Singapore’s F&B sector

  A partnership between payments firm Adyen and restaurant operating system provider Atlas is helping merchants to streamline operations, slashing errors by up to 80% and boosting sales as the sector faces record closures

• July 25, 2025 25 Jul'25

  Post Office will not compensate subpostmasters for IT outage

  Subpostmasters were unable to trade for nearly two hours last week when a problem at a Fujitsu datacentre put the Horizon system offline, but they will receive no payment for lost business

• July 24, 2025 24 Jul'25

  UK loses second spot in global fintech to UAE

  The UK has been pushed into third spot on global fintech market size data for the first half of this year

• July 23, 2025 23 Jul'25

  Subpostmasters shoulder costs of Fujitsu’s Post Office IT outage

  Fujitsu datacentre outage hit subpostmaster sales for two hours, leaving subpostmasters to seek compensation

• July 18, 2025 18 Jul'25

  Peer warns IT suppliers against partnering with Fujitsu in government contracts

  According to publicly available figures, Fujitsu has won over half a billion pounds in government business as prime contractor since January 2024, but there is more than what has been reported

• July 18, 2025 18 Jul'25

  First Post Office Capture conviction referred to Court of Appeal

  A former Capture software user’s 1998 theft conviction is the first to be referred to the Court of Appeal

• July 17, 2025 17 Jul'25

  Estimated 96% of EMEA financial services sector not ready for DORA

  Research from data backup provider Veeam indicates that vast majority of European financial services firms do not feel ready to meet the resiliency requirements of the EU’s DORA act

• July 17, 2025 17 Jul'25

  Fujitsu outage crashes Post Office Horizon system

  Japanese IT giant’s time serving the Post Office is due to end next year, but problems persist

• July 17, 2025 17 Jul'25

  Travelex replacing its software spine as part of cloud migration

  The foreign currency supplier is replacing its legacy supply chain backbone to enable its migration to the cloud

• July 09, 2025 09 Jul'25

  Accounting watchdog ‘disclaims’ College of Policing financial accounts after serious IT failures

  The professional body for policing in England and Wales failed to properly manage its transition to new accounting and payroll systems