News

Financial applications

• January 07, 2015 07 Jan'15

  Oracle will lose out unless it changes its software licensing

  In an open letter, Campaign for Clear Licensing highlights the risk to Oracle’s future earnings due to aggressive licensing

• January 07, 2015 07 Jan'15

  Case study: UniCredit uses Fico to apply prescriptive analytics to risk management

  Italian bank UniCredit is using Fico software to apply prescriptive analytics to risk management

• January 05, 2015 05 Jan'15

  Enterprise mobility is now all about applications

  2014 was an excellent year for mobile applications, with many businesses investing in apps to improve mobility

• December 18, 2014 18 Dec'14

  MP accuses Post Office of acting "duplicitously" in IT investigation

  MPs claim Post Office was being "high handed" towards MPs and running a "flawed, deteriorating" accounting system

• December 16, 2014 16 Dec'14

  MPs to debate subpostmaster IT injustice claims

  Debate about the Post Office scheme to redress grievances of subpostmasters will be held in Westminster Hall

• December 12, 2014 12 Dec'14

  IT spending grows at fastest rate in five years

  Agile IT departments are emerging with the ability to flex their budgets quickly to meet new business demands

• December 11, 2014 11 Dec'14

  Interview: SAP ramps up pressure on customers to move to Hana

  Philip Adams, chairman of the UK and Ireland SAP User Group, says SAP is increasing pressure on customers to move to Hana

• December 10, 2014 10 Dec'14

  Faster Payments plans to widen UK scheme

  The UK’s Faster Payments Scheme has proposed changes to its infrastructure to enable more businesses to connect to its network

• December 10, 2014 10 Dec'14

  Why MPs lost faith in the Post Office's IT investigation, but vowed to fight on

  A group of 140 MPs has removed its backing for a Post Office scheme to redress subpostmasters' grievances over alleged false accounting

• December 08, 2014 08 Dec'14

  MPs blast Post Office over IT system investigation and remove backing

  Post Office scheme to redress sub-postmaster grievances over IT system is failing, say MP group supporting alleged victims

• December 08, 2014 08 Dec'14

  Open APIs will allow customers to compare banking services

  Government plans to open application programming interfaces (APIs) in banking

• December 03, 2014 03 Dec'14

  Interview: Jane Moran, global CIO, Unilever – the most influential person in UK IT 2014

  The first woman to top Computer Weekly's UKtech50 list, Jane Moran is innovating while balancing the tech demands of a global giant

• December 01, 2014 01 Dec'14

  UK set to establish digital cheques in 2015

  In January 2015 the UK government is expected to make the digital image of a cheque legal tender, leading to the end of paper cheque processing

• November 21, 2014 21 Nov'14

  HSBC launches Paym for business

  HSBC launches Paym capabilities to allow business customers to receive payments using mobile phone numbers

• November 21, 2014 21 Nov'14

  RBS still recruiting CA-7 staff in India despite offshoring being blamed for IT meltdown

  RBS is still looking for staff in India to work on its CA-7 batch process scheduler

• November 19, 2014 19 Nov'14

  Paym mobile payment system gathers momentum as more banks sign up

  Six more banks join the Payments Council’s Paym scheme for consumers to complete transactions using a mobile phone

• November 18, 2014 18 Nov'14

  Worldpay processes billionth contactless payment

  Supermarkets account for most contactless payments as payments company Worldpay processes its billionth contactless payment

• November 18, 2014 18 Nov'14

  Startups poach investment bank IT staff

  Banks will have to collaborate more with IT suppliers as staff leave, drawn to the opportunities of working with startups

• November 18, 2014 18 Nov'14

  80% of Brits trust new banks if they have good technology

  Research suggests four in five UK consumers would trust firms challenging traditional banks if they had the right IT

• November 14, 2014 14 Nov'14

  The Marketing Store uses Netsuite to align supply chain and processes

  The Marketing Store - the brains behind McDonald’s Happy Meal toys - is using NetSuite to align its supply chain and business processes

• November 12, 2014 12 Nov'14

  Irish regulator stings bank over RBS IT failings

  RBS-owned Ulster Bank has been fined €3.5m by the Irish financial services regulator in relation to the IT problems experienced in the summer of 2012

• November 11, 2014 11 Nov'14

  Capita bags Co-operative mortgage contract

  Capita will acquire the mortgage processing operations of the Co-operative Bank as part of an outsourcing contract worth up to £325m over 10 years

• November 11, 2014 11 Nov'14

  Qantas puts Oracle ERP in the cloud with Tata Consultancy Services

  Airline Qantas signs IT outsourcing services firm TCS to upgrade its Oracle ERP platform and move it into the cloud

• November 10, 2014 10 Nov'14

  Deutsche Bank gets first chief data officer

  Deutsche Bank has appointed its first chief data officer

• November 07, 2014 07 Nov'14

  IT stress testing can fix banks' legacy problems, say experts

  Fining the Royal Bank of Scotland (RBS) will penalise the taxpayer and do nothing to address the IT issue, say experts

• November 06, 2014 06 Nov'14

  Capgemini third-quarter revenues grow 2.8% to €2.59bn

  IT services provider Capgemini posts 2.8% revenue growth in Q3 2014 to €2.59bn with strong UK and US demand

• November 03, 2014 03 Nov'14

  RBS to be fined tens of millions for IT failure

  The Royal Bank of Scotland is set to be given a record fine for an IT failure following two years of investigation

• October 27, 2014 27 Oct'14

  Firm converts bitcoin into physical currency

  An Isle of Man-based company has launched a service allowing UK customers to buy physical bitcoins

• October 27, 2014 27 Oct'14

  CIO interview: David Johnstone of Martin Currie Investment Management

  The head of solutions management at the asset management firm discusses IT projects and the changing role of IT leaders

• October 24, 2014 24 Oct'14

  HR technology used to save lives following natural disasters

  Plan International is using SAP's HR technology to deploy specialists relief workers within hours of a major emergency

• October 23, 2014 23 Oct'14

  Tesco chairman to step down over accounting chaos

  Tesco chairman is stepping down after interim results showed a 92% fall in pre-tax profits and a larger than expected profit overstatement

• 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