News

Financial applications

• April 09, 2013 09 Apr'13

  Banks need to improve social media interaction

  Social media will become a significant channel for retail banks in Europe within three years, according to analyst Ovum

• April 04, 2013 04 Apr'13

  Bank legacy systems will remain until CIO life expectancy increases

  CIOs at banks lack the job security required to transform IT through the replacement of legacy systems that have been in place for decades

• March 27, 2013 27 Mar'13

  Banks must re-engage with customers through technology, says Accenture

  Banks must use IT to help them better engage with customers – who are increasingly keeping them at arm’s length – says Accenture

• March 14, 2013 14 Mar'13

  CIO Interview: Matthew Oakeley, global IT head of Schroders

  Matthew Oakeley talks to Karl Flinders about his role as global IT head at investment management company Schroders

• March 12, 2013 12 Mar'13

  Nationwide IT transformation is a launchpad for customer acquisition

  Nationwide launches new accounts as part of £1bn IT transformation aiming to take a bigger share of the UK retail banking customer base

• March 07, 2013 07 Mar'13

  Hardware fault causes more RBS service outages

  RBS and NatWest customers experienced disruptions to online and telephone banking services after hardware fault.

• March 05, 2013 05 Mar'13

  Indiegogo joins Adyen for local currency payments

  Crowdfunding website Indiegogo has joined global payments company Adyen to let users give and receive contributions in local currencies

• February 28, 2013 28 Feb'13

  Consumers demand easier way of switching banks

  As banks strive to meet a regulation to make it easier for consumers to switch accounts, research shows there is an appetite for it in Europe

• February 27, 2013 27 Feb'13

  M-commerce sales hit £7.5bn in 2012

  Sales through mobile devices reached £7.5bn in 2012, equating to 12% of total e-retail sales

• February 25, 2013 25 Feb'13

  Swift sets challenge for technology start-ups

  The Society for Worldwide Interbank Financial Telecommunication (Swift) is giving start-ups the chance to promote ideas for banking services

• February 14, 2013 14 Feb'13

  Southwest One outsourcing achieves 10% of target savings

  Somerset council's Southwest One outsourcing venture achieved just 10% of the savings initially targeted half way through the programme

• February 13, 2013 13 Feb'13

  Whitbread renews outsourcing contract with 14% cost cut

  Whitbread has signed a new IT-enabled BPO deal with Steria which extends the existing agreement by five years with a 14% annual cost reduction

• February 12, 2013 12 Feb'13

  Barclays bank cuts UK jobs

  Barclays will cut jobs in the UK as part of a total reduction of 3,700 staff after reporting a substantial drop in profits for the last 12 months

• February 12, 2013 12 Feb'13

  Beware of Oracle's Fusion Application plans

  Businesses are avoiding Oracle’s Fusion strategy according to research from Forrester. CIOs should be wary of the supplier's long-term plans.

• February 05, 2013 05 Feb'13

  Euro crisis could get worse without Sepa compliance

  The Eurozone could lose up to €20bn due to data errors that will slow payments made using European payments standard

• February 04, 2013 04 Feb'13

  Reed jobs site chooses SAP Business ByDesign

  Reed.co.uk recruitment agency has chosen cloud-based SAP Business ByDesign as part of an overhaul of its business applications strategy

• January 30, 2013 30 Jan'13

  First tech start-ups chosen for financial services innovation lab

  Seven financial technology companies have been selected to take part in a mentoring programme in London

• January 23, 2013 23 Jan'13

  European bank IT investment lags US and Asia-Pacific equivalents

  Banks in Asia-Pacific and North America will increase their IT spending significantly more than those in Europe

• January 22, 2013 22 Jan'13

  Defra plans £80m agile CAP system

  The Department for the Environment, Food and Rural Affairs (Defra) is planning a single integrated £80m Common Agricultural Policy system

• January 22, 2013 22 Jan'13

  Payments Council to make mobile payments mainstream in 2014

  The Payments Council will enable mobile transfers between all UK bank accounts when it launches its mobile payments service in 2014

• January 18, 2013 18 Jan'13

  Indian IT giant TCS to transform Nokia’s internal IT

  Tata Consultancy Services is taking over the support and development of Nokia’s global business applications

• January 18, 2013 18 Jan'13

  European bank IT transformations optimistic or unrealistic

  IT transformation projects at European banks exceed budgets because early success stories lead to additional scope

• January 16, 2013 16 Jan'13

  Post Office wants to get to bottom of IT system allegations

  A system that set out to modernise the Post Office in 1996 is under the spotlight after claims that Horizon accounting system is error prone

• January 15, 2013 15 Jan'13

  Direct Line begins two-year IT project to decouple from RBS

  Direct Line Group has contracted Capgemini to build and run a new IT system as it separates from Royal Bank of Scotland

• January 14, 2013 14 Jan'13

  Post Office announces amnesty for Horizon evidence

  The Post Office is calling for evidence from people who have used the Horizon IT system which some have blamed for accounting discrepancies

• January 11, 2013 11 Jan'13

  Former Lloyds executive cries foul over IT whistle blowing

  Former head of business continuity at Lloyds Banking Group tells tribunal he was forced out because he blew whistle on flawed IT systems

• January 07, 2013 07 Jan'13

  Barclays' Linux programme not a snub to suppliers

  Barclays says it is not snubbing any supplier by developing a private cloud infrastructure and using Linux to cut software development costs by 90%.

• January 02, 2013 02 Jan'13

  Post Office admits that Horizon system needs more investigation

  Campaigners have forced the Post Office to look again at a computer system blamed for sub-postmasters being wrongly accused of false accounting

• December 17, 2012 17 Dec'12

  Surrey County Council finds SAP cost savings with Enterprise Support

  Surrey County Council is saving time and reducing user despair in its SAP usage, according to Tahiana Jefferis, SAP competency manager

• December 17, 2012 17 Dec'12

  Bank IT should play earlier compliance role, says think tank

  Financial services organisations could streamline regulatory compliance by involving IT in the process earlier, according to think tank JWG-IT

• December 14, 2012 14 Dec'12

  There is more to IT than BYOD

  CIOs should stop worrying about BYOD according to analyst Gartner. Instead they should focus on technology transformation.

• December 12, 2012 12 Dec'12

  Retailers are being let down by poor ERP

  UK retailers could lose an estimated £147 million of revenue this Christmas due to missed sales opportunities through out-of-stock products according to Vanson Bourne

• December 12, 2012 12 Dec'12

  CIO interview: Susan Cooklin, CIO, Network Rail

  Susan Cooklin has had an eventful 2012, delivering major technology upgrades while driving projects to help the Olympic Games run smoothly

• December 07, 2012 07 Dec'12

  Barnet councillors challenge Capita outsourcing deal

  Barnet Council’s Labour opposition will lead a challenge to the council cabinet’s decision to sign a ten-year £320m outsourcing deal with Capita

• November 26, 2012 26 Nov'12

  Ineffective computer system missed £1.4bn UBS fraud

  The £1.4bn losses caused by a rogue trader at UBS could have been avoided, according to the Financial Services Authority (FSA)

• November 26, 2012 26 Nov'12

  Competing firms jockey for position in mobile payments gold rush

  While mobile payments is still in its infancy, the promise of the rewards is substantial and competition for market dominance is gathering pace

• November 25, 2012 25 Nov'12

  The digitisation of business

  People no longer buy exciting IT. Rather, IT must compete for investment. The question is where will this investment go?

• November 20, 2012 20 Nov'12

  CIO interview: Mike Gibbons, Aggregate Industries

  Mike Gibbons, CIO of building materials company Aggregate Industries, talks to Computer Weekly about why regulatory intervention made the company realise the importance of its data assets, and the reason investment in IT is more important now than ...

• November 15, 2012 15 Nov'12

  Cyber security will change ideas of the nation state, says Stonesoft

  The lack of cyber security is a major threat to the civilised world and will change how people see the nation state, says security firm Stonesoft

• November 08, 2012 08 Nov'12

  Capgemini reduces consultancy charges

  Capgemini has lowered pricing in its consulting and local professional services businesses, according to its latest quarter results.

• November 06, 2012 06 Nov'12

  Universal Credit programme director Malcolm Whitehouse steps down

  Malcolm Whitehouse, programme director for the government's £2.2bn Universal Credit project, has stepped down

• November 02, 2012 02 Nov'12

  RBS pays customers extra £50m for IT failure

  The IT failure that struck Royal Bank of Scotland (RBS) in June will cost more than expected as customers are paid an extra £50m compensation

• October 15, 2012 15 Oct'12

  Did IT problems force Santander out of RBS deal?

  Spanish bank Banco Santander has pulled out of its £1.7bn agreement to take over 316 RBS branches because of IT integration problems

• October 11, 2012 11 Oct'12

  Job prospects improving for IT graduates, says HECSU report

  Job prospects for IT graduates have improved for the first time during the recession, says the Higher Education Careers Services Unit (HECSU)

• October 10, 2012 10 Oct'12

  Nationwide Insurance builds IT ledger for chargeback

  Nationwide Insurance controls IT expenditure using VMware ITBM to provide a service catalogue and pricing for internal departments

• October 04, 2012 04 Oct'12

  CIO interview: Tony McAlister, chief technology officer, Betfair

  European gambling regulations, launching new products and driving revenue growth put enormous pressure on the IT team at Betfair

• October 03, 2012 03 Oct'12

  Case study: How WorldPay built its IT from scratch after RBS split

  Former RBS payment processing division WorldPay will reach a major IT milestone this month on its journey to stand on its own since it was sold in 2010

• September 27, 2012 27 Sep'12

  Martial arts retailer Blitz Sport drops Sage for SuiteCommerce

  Blitz Sport, a supplier of martial arts equipment, is among a handful of UK firms implementing NetSuite’s SuiteCommerce platform

• September 24, 2012 24 Sep'12

  Accenture opens finance technology lab in London

  Banks and investors have joined forces with outsourcing giant Accenture to help start-ups develop technology for the financial services sector

• September 18, 2012 18 Sep'12

  White House deputy CTO praises NHS open-data strategy

  The deputy CTO of the White House, Chris Vein, is working with the NHS to pass on experiences of making data more open in the public sector