News

Financial applications

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