News

Financial applications

• October 19, 2021 19 Oct'21

  Zopa becomes unicorn with latest funds to go to bank operation

  Zopa will invest in its growing digital bank operation after becoming a unicorn in its latest fund-raising round

• October 14, 2021 14 Oct'21

  SocGen to cull thousands of jobs and move to single IT platform in merger with subsidiary

  French bank’s move to a single banking platform will enable it to cater for changing customer demands

• October 13, 2021 13 Oct'21

  Post Office Horizon scandal inquiry announces first public hearing

  Public inquiry into the Post Office Horizon scandal will hold its first public hearing next month

• October 12, 2021 12 Oct'21

  Morgan Stanley brings diverse fintech innovation to London

  US bank expands its diversity-focused fintech accelerator programme to Europe with an initial £1m investment

• October 12, 2021 12 Oct'21

  Nearly half of finance firms will acquire or partner fintechs in next year

  UK financial services firms are preparing to acquire or partner fintechs as they target business growth

• October 06, 2021 06 Oct'21

  Tech Nation adds 30 fintech scaleups to growth programme as funding continues to rise

  UK government-backed startup network adds 30 fintechs to its growth programme amid record investments in finance tech sector

• September 30, 2021 30 Sep'21

  Digital bank fined by regulator due to weak anti-money laundering controls

  German digital bank is fined by financial services regulator for failing in relation to its anti-money laundering practices

• September 22, 2021 22 Sep'21

  JP Morgan Chase to replace core banking system with Google-inspired cloud platform

  JP Morgan Chase is the latest bank to acquire the cloud-native core banking technology of UK fintech Thought Machine

• September 15, 2021 15 Sep'21

  UN human rights chief calls for moratorium on AI technologies

  High commissioner’s call for a moratorium on the use of AI systems that pose a serious risk to human rights is accompanied by a UN report on the negative human rights impacts associated with the technology

• September 14, 2021 14 Sep'21

  Government minister holds secret meeting with Post Office Horizon scandal victims

  BEIS minister Paul Scully has Zoom call with three subpostmasters who were victims of the Post Office Horizon scandal

• September 14, 2021 14 Sep'21

  CCRC refers six more subpostmaster convictions for appeal

  An additional six subpostmasters’ convictions have been referred for appeal in Post Office IT scandal

• September 06, 2021 06 Sep'21

  Saudi tourism development fund goes cloud-first with Oracle

  $4bn fund will be used to invest in developing Saudi Arabia’s tourism industry as the country reduces its economic reliance on oil and gas

• August 31, 2021 31 Aug'21

  Subpostmasters demand more clarity on Horizon public inquiry before committing their support

  Subpostmaster campaign group founder demands that financial redress for members be included in public inquiry before it ‘willingly’ participates

• August 19, 2021 19 Aug'21

  Challenger banks make reputational gains in business banking

  The business banking sector is a big target for digital challengers and some are already building good reputations in the market

• August 17, 2021 17 Aug'21

  Overturned convictions of subpostmasters mount up, but 555 victims no closer to justice

  The government has failed to provide fair compensation to the subpostmasters who exposed the full extent of the Horizon scandal to the world

• 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