News

Financial applications

October 23, 2014 23 Oct'14
Three in four banks struggle with stress testing

Banks are struggling to deal with the data management of the regimes of stress testing imposed since the 2008 financial crisis
October 22, 2014 22 Oct'14
CIO interview: Ernest Gmünder, Touring Club Suisse

Ernest Gmünder is turning his expertise as a CIO into a consultancy business, offering advice to businesses that want to get more from their IT
October 21, 2014 21 Oct'14
Bank of England suffers system outage

Bank of England temporarily suspends Clearing House Automated Payments System after glitch
October 20, 2014 20 Oct'14
SAP grows cloud revenue by 45%

SAP’s revenue from cloud services has grown 45% year-on-year

October 15, 2014 15 Oct'14
IT jobs hit hardest in trading exchange cuts, but is not a trend

The Chicago Mercantile Exchange (CME) is cutting 5% of its workforce, with IT staff forming a large portion of the cuts
October 14, 2014 14 Oct'14
SAP and IBM collaborate to deliver Hana on IBM cloud

SAP has extended its long-standing partnership with IBM by running SAP Hana Enterprise Cloud on IBM's cloud platform
October 13, 2014 13 Oct'14
Payment card transactions hit one billion in a month as contactless rises

Payment transactions made through cards reached over one billion in August of this year, according to the UK Cards Association
October 10, 2014 10 Oct'14
Nationwide announces rewards app

Nationwide has announced it will launch its own application to provide customers with instant rewards and vouchers
October 09, 2014 09 Oct'14
Application integration demands a light touch in the cloud

The appeal of cloud applications is irrepressible but in-house applications will not go away. How to integrate them in the cloud?
October 08, 2014 08 Oct'14
Reed.co.uk and Bitcoin – using agile to drive innovation

CIO for Reed.co.uk Mark Ridley explains how agile development has helped the firm quickly adopt Bitcoin

October 08, 2014 08 Oct'14
Retailers buy into Zapp mobile wallet

Large retailers such as Sainsbury’s and House of Fraser will allow customers to pay using the Zapp mobile wallet service.
October 03, 2014 03 Oct'14
MasterCard launches cyber hacking protection software

MasterCard has launched software to protect banking systems and processors from cyber hacking attacks
October 02, 2014 02 Oct'14
O2, EE and Vodafone trial Boku mobile retail billing service

UK mobile carriers sign up to carrier billing service to enable consumers to make physical purchases with a mobile phone
October 01, 2014 01 Oct'14
Alternative payments threaten payments industry

Back-end processing and data management will suffer if firms fail to keep up with fast-growing alternative payments
September 30, 2014 30 Sep'14
Ebay to spin off PayPal

Ebay and PayPal will become two separately listed companies in 2015
September 30, 2014 30 Sep'14
Oracle OpenWorld 2014: Xerox aligns business and IT in streamlining applications

Xerox's IT division has been working with the business to standardise its HR management on a global basis
September 24, 2014 24 Sep'14
Lloyds creates online appointment booking in attempt to save branches

Lloyds Bank has introduced a system which allows customers to book in-branch appointments online
September 22, 2014 22 Sep'14
KPMG and Oracle target FTSE 350

KPMG is targeting the 350 biggest businesses by providing services through software giant Oracle’s cloud offering
September 18, 2014 18 Sep'14
Customer loyalty biggest challenge for banks

Banks have cited customer loyalty as their main concern, according to a survey by financial services firm Temenos
September 17, 2014 17 Sep'14
KPMG: IoT, 3D printing and healthcare IT to have most impact

Internet of things (IoT), 3D printing and biotech or healthcare IT are among the IT trends that will change the way people work and live
September 17, 2014 17 Sep'14
Barclaycard’s bPay band aims to avoid TfL ‘cardclash’

Barclaycard has partnered with TfL to allow consumers to use its bPay contactless payment band on the tube
September 17, 2014 17 Sep'14
ING Netherlands launches voice-recognition banking app

Dutch banking group ING Netherlands has launched a banking application which uses voice recognition for navigation
September 17, 2014 17 Sep'14
Alternative payments – are we moving too fast?

The payments sector is moving so rapidly finance firms are no longer afraid to fail – as long as they fail fast and recover quickly
September 16, 2014 16 Sep'14
Infor launches Dynamic Science Labs

Infor launches Dynamic Science Labs organisation at its customer event in New Orleans
September 16, 2014 16 Sep'14
TfL contactless payments go live

TfL’s contactless card payment scheme goes live today, enabling customers to pay for London transport on contactless bank cards
September 12, 2014 12 Sep'14
MasterCard issues contactless payment deadline

MasterCard has given European retailers a deadline of 2020 for ensuring all POS systems are contactless payment enabled
September 12, 2014 12 Sep'14
Claims against Post Office IT system approach completion

Investigation into sub-postmaster claims against the Post Office over problems with its Horizon accounting system coming to an end
September 11, 2014 11 Sep'14
Banks must differentiate to give account switching service value

Payments Council lauds system to make current account switching easier, but figures reveal banks need to do more to differentiate
September 10, 2014 10 Sep'14
Fresh questions raised over Post Office IT system's role in fraud cases

A leaked report has revealed more details about the role of the Horizon accounting system in sub-postmaster fraud cases
September 05, 2014 05 Sep'14
Barclays bank launches biometric authentication

Barclays bank plans to launch biometric readers that read users' finger veins to authenticate customers
August 22, 2014 22 Aug'14
London private equity firm shifts IT to the cloud to cut office move downtime

London-based private equity fund manager SOF Investments overcame the IT nightmares of an office move by migrating IT to the cloud
August 21, 2014 21 Aug'14
Load balancing supports Kent County Council's VDI project

Kent County Council picks Kemp Technologies load balancers to support a deployment of VMware Horizon View and Workspace across its estate
August 19, 2014 19 Aug'14
FT turns to cloud to manage advertising bookings

Business newspaper replaces 20-year-old ad-booking system with a cloud-based service
August 06, 2014 06 Aug'14
New College Durham improves internal processes using Advanced workflow app

New College Durham has improved its finance system and internal business processes using Advanced Business Solutions' workflow system
August 06, 2014 06 Aug'14
George Osborne launches fintech innovation programme

Chancellor George Osborne launches a programme designed to put the UK at the forefront of financial technology (fintech) innovation
August 06, 2014 06 Aug'14
Reducing costs no longer top IT priority at UK banks

UK banks no longer consider reducing costs as their top priority as they focus IT developments on raising customer service levels
August 04, 2014 04 Aug'14
Contactless payments continue to rise

Contactless transactions have increased by 189% since May 2013, according to Visa Europe.
August 01, 2014 01 Aug'14
Sepa grace period comes to end

Deadline for Eurozone to be able to make and take payments using Sepa formats has been reached
July 25, 2014 25 Jul'14
Another CIO leaves Royal Bank of Scotland

Scott Marcar, CIO of Royal Bank of Scotland’s Markets division, quit this week, according to sources
July 22, 2014 22 Jul'14
Ten startups selected for London FinTech accelerator

Startupbootcamp, a provider of three-month accelerator programs, announces its top 10 startups for its London based financial sector technology (fintech) accelerator
July 17, 2014 17 Jul'14
Microsoft makes severe job cuts - 18,000 to go

Microsoft is cutting 18,000 jobs next year with Nokia bearing the brunt of the company’s strategy
July 17, 2014 17 Jul'14
SAP Q2 2014: steady growth for cloud and Hana

SAP’s second quarter 2014 results indicate steady growth for its cloud business and Hana
July 16, 2014 16 Jul'14
Vocalink system drives rise in current account switching

The seven-day current account switching regime introduced last year has driven a 16% rise in the number of people doing so in the first half of this year
July 09, 2014 09 Jul'14
London Stock Exchange harnesses Wipro global delivery for reconciliation platform

The London Stock Exchange has teamed up with Indian IT services company Wipro to make its UnaVista reconciliation platform available globally in a pay-as-you-go model
July 04, 2014 04 Jul'14
What IT challenges would an independent Scotland face?

If Scotland votes ‘Yes’ for independence in September, what are the costs and challenges of building new government IT systems?
June 25, 2014 25 Jun'14
Can HP target supercomputer market with Apollo servers and HPC-as-a-service?

As HPC moves beyond labs into mainstream enterprise IT, HP has beefed up its HPC portfolio and is targeting supercomputer builders
June 18, 2014 18 Jun'14
Don’t let bean counters determine your cloud strategy, says Bank of England CIO

John Finch, the CIO of the Bank of England, warns users to be wary of financial promises made by cloud providers
June 16, 2014 16 Jun'14
Travel group Expedia aims to predict your holiday plans

Travel group Expedia is developing technology that will predict the needs of its customers before they call about their travel plans
June 11, 2014 11 Jun'14
Tesco Bank launches current account on off-the-shelf platform

Tesco has launched a current account four years after implementing its core banking platform
June 04, 2014 04 Jun'14
Banks set to launch customer app stores, says Gartner

By 2016, 25% of the world’s largest banks will have launched an app store for customers to find digital services, says Gartner
June 03, 2014 03 Jun'14
High availability strategy key to saving costs, says Sungard AS

The cost of IT downtime is extremely high for businesses – but must all systems and applications be highly available all the time?
June 02, 2014 02 Jun'14
Computer Weekly European User Awards for Enterprise Software: Shortlist 2014

See who made the shortlist for the Computer Weekly European User Awards for Enterprise Software 2014
June 02, 2014 02 Jun'14
Interview: Infor’s president Duncan Angove talks strategy

Duncan Angove is part of an ex-Oracle senior management team that has reset Infor's strategy in recent years
May 27, 2014 27 May'14
Cloud innovation boosts card data security

Cloud innovation is enabling businesses to access a secure, cost-effective means of protecting sensitive card payment data
May 23, 2014 23 May'14
Case study: Concur fuels growth with Couchbase

Expense management company Concur has used NoSQL database supplier Couchbase to further its growth
May 19, 2014 19 May'14
SAP certifies core business apps to run on Microsoft Azure

From June, users of SAP Business Suite software, Business All-In-One solution, SAP Mobile Platform, SAP Adaptive Server Enterprise and Hana platform will be able to run them on Azure
May 15, 2014 15 May'14
Justifying the business case to update Oracle eBusiness Suite

To justify the upgrade cost needed to move to Oracle eBusiness Suite Release 12, IT departments need consider how the implementation can deliver value.
May 14, 2014 14 May'14
SuiteWorld 2014: Omni-channel goes beyond retail, says Zach Nelson

NetSuite CEO Zach Nelson told delegates at the SuiteWorld 2014 conference in San Jose, California, that omni-channel transcends retail
May 13, 2014 13 May'14
Quarter of Europe’s small businesses interested in mobile point of sale

Over a quarter of small businesses are interested in introducing mobile devices as a point of sale technology within six months as attitudes towards mobile point of sale (mPOS) change in Europe
May 06, 2014 06 May'14
SAP’s innovation champion Sikka departs

Vishal Sikka, the SAP executive most closely associated with the supplier’s innovation drive with the in-memory database Hana, has resigned
May 02, 2014 02 May'14
RBS splits problem systems to reduce IT risks

RBS has split the IT system behind its high-profile outages into three to reduce the risks of a single failure impacting operations
May 01, 2014 01 May'14
Co-operative Bank report reveals challenge of legacy IT replacement

A report into the £1.5bn losses at Co-operative Bank reveals numerous failures in a project to replace core banking systems
April 30, 2014 30 Apr'14
SDL turns to cloud HR to join up businesses in 40 countries

The technology is central to the company’s strategy to integrate formerly autonomous businesses in 38 countries into a single operation
April 24, 2014 24 Apr'14
Ecclesiastical outsources IT for the first time to get data benefits

Insurance company Ecclesiastical embarked on its first major IT outsourcing project when it accepted that it was not getting the most out of the data it holds.
April 24, 2014 24 Apr'14
Businesses face Oracle applications support timebomb

Organisations still running Oracle E-Business Suite release 11.x have less than a year to move to the 12.x release. But many have yet to start
April 17, 2014 17 Apr'14
Is the PRA dream of ripping and replacing banking IT feasible?

The head of UK financial services regulator the Prudential Regulation Authority (PRA) said it would be bold for banks to strip down and rebuild IT, but is this just a pipe dream?
April 16, 2014 16 Apr'14
Q&A: SAP's Mike Ettling discusses SuccessFactors cloud HR strategy

Computer Weekly talks to Mike Ettling, global head of cloud and on-premise HR at SAP, about the company’s strategy for its SuccessFactors cloud HR technology
April 08, 2014 08 Apr'14
Workday sees opportunity for cloud financial management in Europe

Workday plans to push cloud finance and accounting services to enterprise in Europe, but observers say its background in HR technology may prove an obstacle
April 04, 2014 04 Apr'14
Finance firms must protect IT budgets owing to increasing risks, says EU

An EU report has highlighted the risks being created by finance firms cutting their IT budgets as the financial services sector becomes increasingly reliant of IT
April 04, 2014 04 Apr'14
More IT woes for RBS as savers denied interest

Savers were not given interest payments, after The Royal Bank of Scotland’s NatWest operation suffered a technical problem
April 03, 2014 03 Apr'14
Competition from FinTech startups keeps big suppliers on their toes

Big suppliers in the financial technology space are becoming more agile because of the competition from startup technology companies
March 31, 2014 31 Mar'14
FCA to probe banking IT

UK financial services regulators are investigating IT at banks following a number of high profile outages that have left consumers unable to access their money
March 25, 2014 25 Mar'14
SITA harnesses Indian suppliers for finance and procurement systems

Airport business communications and IT service provider SITA is working with two India based IT services firms to transform and support finance systems
March 20, 2014 20 Mar'14
Application support and maintenance costs increase 29%

The cost of supporting and maintaining applications is increasing every year for Global 2000 companies in the US and UK, according to a study of 300 CIOs
March 20, 2014 20 Mar'14
Cumberland Building Society moves ATMs from ageing Windows XP

Cumberland Building Society has moved its ATMs to Microsoft Windows 7 operating system as support for the existing XP system ends next month
March 19, 2014 19 Mar'14
Oracle finally sees revenue growth from hardware business

Oracle has finally seen a boost from its server business, with hardware sales up 8% in its latest financial results
March 17, 2014 17 Mar'14
A billion payments to go through Paym by 2018

The Payments Council forecasts one billion payments to be made through Paym to people using mobile phone numbers by the end of 2018, according to a report
March 13, 2014 13 Mar'14
Visa racks up 94 million UK contactless payments in 2013

The UK is the second highest adopter of Visa contactless payments in Europe
March 10, 2014 10 Mar'14
Student Loans Company transforms IT to standardise customers' experience

The Student Loans Company is transforming its IT to standardise customers' experience across all its communication channels
March 05, 2014 05 Mar'14
Half of CIOs believe business has too many applications

Almost half (48%) of CIOs believe their business has more applications than it needs and only 37% think most of their applications are business critical, according to a study
March 05, 2014 05 Mar'14
Payments market to open to new service providers

The Financial Conduct Authority (FCA) is planning to open up the payments sector to new companies to improve competition
March 05, 2014 05 Mar'14
The wider implications of Oracle's Rimini licensing dispute

Companies may need to distinguish between software development work on commercial software they do themselves and what they outsource
February 20, 2014 20 Feb'14
Welcome Break speeds up payments transactions

Welcome Break has upgraded its entire payments system to improve the speed of services to customers and streamline end-of-day management transactions
February 07, 2014 07 Feb'14
Met Police releases ‘Total Technology’ IT strategy

The Metropolitan Police Service has released a three to four-year plan on how to transform the use of technology in the organisation
February 04, 2014 04 Feb'14
Satya Nadella replaces Steve Ballmer as Microsoft CEO

Microsoft has named Satya Nadella as CEO almost six months after former incumbent Steve Ballmer announced his retirement
January 30, 2014 30 Jan'14
UK Eurozone suppliers can no longer ignore Sepa standard

UK suppliers to Eurozone businesses risk losing customers if they cannot take payment using the Single European Payments Area (Sepa) standard
January 29, 2014 29 Jan'14
Gaming site bets on flexible benefits software

Online gaming company Bwin.party is betting on specialist benefits software to help it attract and retain its top talent
January 28, 2014 28 Jan'14
BBC failed to get "sufficient grip” over failed DMI project, says NAO

The National Audit Office has slammed the BBC over its failed Digital Media Initiative (DMI), project saying the broadcaster was “too optimistic” and the BBC executive “did not have sufficient grip of the programme"
January 28, 2014 28 Jan'14
Lloyds excuse for IT glitch not plausible, says bank IT expert

Lloyds Banking Group’s statement that a server problem caused a three hour service disruption for customers is not plausible but problems with failover systems could be at fault
January 27, 2014 27 Jan'14
Lloyds is the latest bank to experience major IT outage

Customers of Lloyds, TSB and HBOS were unable to use their cards for a three-hour period yesterday due to a major IT glitch
January 21, 2014 21 Jan'14
Allianz deploys Rumba to provide secure mainframe administration

Insurer Allianz UK has deployed Rumba terminal emulator software from MicroFocus to provide a mainframe-based policy admin system
January 20, 2014 20 Jan'14
Businesses accelerate Sepa migrations

Figures from the European Central Bank (ECB) reveal more businesses are becoming Sepa compliant
January 16, 2014 16 Jan'14
ERP implementations, upgrades on the up across Europe in 2014

UK and European IT looks set to review ERP and intensify focus on BPM in 2014, finds TechTarget/Computer Weekly IT priorities survey
January 14, 2014 14 Jan'14
IT spending priorities survey shows UK European data management lead

IT professionals in UK organisations are more intent on spending on data management in 2014 than their counterparts in Germany and France
January 14, 2014 14 Jan'14
Post Office seeks contractors for network and back-office work

The Post Office is looking for IT services firms to provide back-office IT applications and networking technologies in contracts worth hundreds of millions of pounds
January 09, 2014 09 Jan'14
UK bank IT systems "a long way from being robust"

A senior Bank of England official said UK bank IT systems a very long way from being robust, while giving evidence at Westminster Committee
January 06, 2014 06 Jan'14
Is cloud computing almost too good to be true for banks?

The cloud’s most obvious benefits will enable banks to keep up with technology changes while reducing costs
December 30, 2013 30 Dec'13
Top 10 supplier profiles 2013

Are you thinking of doing business with an IT technology supplier? Check out our independent profiles of the leading technology companies.
December 27, 2013 27 Dec'13
Top 10 financial services IT stories of 2013

2013 has been the first year for a while when businesses have talked about growth. While the finance sector remains ultra-cautious there are investments being made in technology as customers demand new ways of interacting with banks
December 23, 2013 23 Dec'13
Top 10 business applications stories of 2013

Innovation at Ferrari, DMG Media, BAE Systems, and others; while SAP and Oracle stake strategic claims to cloud and high-speed analytics