News

Financial applications

• December 13, 2018 13 Dec'18

  Chief technology officers in high demand in finance sector

  Financial services firms need to hire experienced chief technology officers as the sector is transformed through fintech

• December 07, 2018 07 Dec'18

  Court orders Post Office to explain inability to access encrypted file

  Post Office unable to open encrypted recording of an interview that forms part of its evidence in High Court case

• December 07, 2018 07 Dec'18

  Complex Post Office Horizon case set to continue into 2020

  Court case where subpostmasters are suing the Post Office set to span at least four trials and extend into 2020

• December 04, 2018 04 Dec'18

  Zopa gains banking licence and prepares launch

  Peer-to-peer lending pioneer Zopa is turning its attention to retail banking in the UK, with plans to offer savings, credit and money management products

• December 04, 2018 04 Dec'18

  Barclays staff to transfer to HCL as IT deal is expanded

  Bank announces closure of operation in Lithuania, with employees transferring to IT services company HCL

• December 04, 2018 04 Dec'18

  Lloyds to use core banking technology from Google-inspired UK fintech

  Banking group explores cloud-based core banking technology as part of a major transformation programme

• November 30, 2018 30 Nov'18

  CCRC may hold off subpostmaster decision until after Post Office Horizon trial

  The Criminal Courts Review Commission is deciding whether to delay its decision on subpostmasters’ claims of wrongful prosecution until after a related court case

• November 28, 2018 28 Nov'18

  Challenger bank signs up Google-inspired platform

  Cloud-based platform offers functionality around smart contracts and a workflow engine for bank processes

• November 28, 2018 28 Nov'18

  FCA deeply concerned as no end in sight for IT failures in banking

  The FCA has reported a massive increase in the number of banking IT failures in the UK and admitted there is no end in sight

• November 28, 2018 28 Nov'18

  UK competition watchdog concerned with PayPal’s fintech acquisition

  Competition and Markets Authority fears $2.2bn deal could reduce competition for payment services in the UK

• November 27, 2018 27 Nov'18

  Treasury Committee launches inquiry into bank IT failures

  With IT outages in the financial sector a regular occurrence, the Treasury Committee is investigating the causes and consequences of these failures, and what industry and regulators are doing to promote resilience

• November 27, 2018 27 Nov'18

  High Court trial over Horizon computer system completes witness cross-examinations

  The High Court trial in which subpostmasters are suing the Post Office has reached an important stage

• November 21, 2018 21 Nov'18

  Post Office held back information about Horizon IT system errors

  Post Office director admits to Horizon errors and not sharing details with subpostmaster network

• November 16, 2018 16 Nov'18

  Post Office executives cross-examined in Horizon IT system trial

  A High Court trial, where subpostmasters are suing the Post Office for damages caused by an allegedly faulty IT system, ended its second week.

• November 15, 2018 15 Nov'18

  The Gym Group flexes its muscles with data analytics

  No-frills fitness company The Gym Group is using analytics technology to find insights from its financial, HR and membership data, as it limbers up for rapid expansion in the UK