News
Financial applications
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November 26, 2019
26
Nov'19
Peer calls for clear-out of Post Office board after Court of Appeal confirms major court defeat
Conservative peer championing subpostmasters’ long-running battle with Post Office suggests management clear-out after Court of Appeal rejects appeal bid
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November 25, 2019
25
Nov'19
How ServiceNow is empowering Asia’s mobile workforce
ServiceNow’s newly minted managing director in Asia talks up the company’s sweet spots and traction in the region, and what it’s doing to abstract away workflow complexities for mobile workers
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November 22, 2019
22
Nov'19
Court of Appeal dismisses Post Office application to appeal damning judgment
The Court of Appeal has rejected a Post Office application to appeal judgments made in the first trial of its multimillion-pound battle with subpostmasters over IT system failures.
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November 22, 2019
22
Nov'19
TSB tech woes continue with overnight systems failure
TSB customers have experienced problems receiving money into their accounts due to an IT error, just days after the bank was slammed in a report on its IT problems last year
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November 21, 2019
21
Nov'19
Western Union transfers to AWS cloud
Western Union is the latest financial services form to set out a future in the Amazon Web Services cloud
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November 20, 2019
20
Nov'19
Holy grail of digital banking is, at first glance, a new channel, not a new concept
Details of Google’s plans in the financial services sector have emerged with nothing groundbreaking so far, but the sector is guessing what comes next
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November 19, 2019
19
Nov'19
TSB programme pulled apart in report on IT meltdown
City law firm tears into TSB’s management of botched core banking platform migration
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November 18, 2019
18
Nov'19
How DBS is pushing the limits of IT efficiency
Besides shrinking its datacentre footprint by 75%, Singapore’s DBS Bank is running twice as many virtual machines on a single socket and decoupling applications from its infrastructure stack
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November 15, 2019
15
Nov'19
Businesses move key applications off public cloud to save costs
A new study has shown that while many enterprises are able to keep public cloud costs under control, spending can quickly escalate
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November 11, 2019
11
Nov'19
Major report on TSB IT disaster expected soon
A damning report into the 2018 IT disaster at TSB is expected to heavily criticise executives when it is published in November
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November 11, 2019
11
Nov'19
Goldman Sachs probed over alleged Apple Card gender discrimination
US financial services regulator is investigating allegations that Goldman Sachs’ credit decisions for its Apple Card offering show gender bias
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November 08, 2019
08
Nov'19
GoCardless and TransferWise create global network for direct debits
Fintechs’ network will make it easier for small companies to expand their customer bases internationally
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November 07, 2019
07
Nov'19
Zopa opens testing for its banking products to customers
Zopa's move into the banking sector is gathering pace as customers test out its savings product
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November 06, 2019
06
Nov'19
Machine learning will have bigger impact than cloud
Workday’s vice-chairman explains how machine learning can help employees become more effective, and hints at the company’s moves beyond finance and HR software
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November 06, 2019
06
Nov'19
Sage brings cloud-based Intacct to UK market
Sage is bringing its cloud-based accountancy software acquired with US-based Intacct to the UK, and publishes research advancing a digital CFO concept
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November 05, 2019
05
Nov'19
Cloud native core banking enables consumers to personalise what they buy
Google inspired core banking platform could help banks offer personalised products to millions of people.
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October 29, 2019
29
Oct'19
Post Office IT trial judgement within days
The judgment in the second trial in a multimillion-pound legal battle over an allegedly faulty IT system at the Post Office is imminent
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October 28, 2019
28
Oct'19
Unit4 CEO Mike Ettling: enterprise customers won’t pay extra for AI
Mike Ettling, chief executive, Unit4, spoke to Computer Weekly at the Unleash HR conference in Paris about ERP trends, and how he is positioning the firm he started running this year
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October 18, 2019
18
Oct'19
Huge rise in rogue banking apps driving fraud attacks
Fraud perpetrated through fake mobile apps purporting to be from legitimate banks has seen a statistically significant spike, says RSA
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October 16, 2019
16
Oct'19
Zopa continues in its mission to apply a Netflix user experience to banking
Zopa has made a credit scoring tool available as it continues to expand the portfolio of products it offers beyond loans.
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October 08, 2019
08
Oct'19
Sweden’s SEB explores core banking in the cloud
Swedish Bank is the latest organisation to agree to start using a Google-inspired, cloud-native core banking platform
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October 08, 2019
08
Oct'19
Deutsche Bank to set up innovation division to drive digital transformation
More details about Deutsche Bank’s new technology division in internal company email
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October 07, 2019
07
Oct'19
Public cloud computing is early on its journey to core of the bank
Banks are no longer reluctant to use the cloud as the technology pierces the outer layer of the banking sector and begins its journey to the core
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October 07, 2019
07
Oct'19
Southeast Asia’s internet economy hits $100bn milestone
The digital economy in Southeast Asia grew 39% this year but the growth momentum can only be sustained if talent gaps are filled
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September 30, 2019
30
Sep'19
Australia gets ready for open banking
Traditional banks and fintech firms alike will need to bite the bullet in the crucial startup period if Australia’s open banking regime is to succeed
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September 25, 2019
25
Sep'19
Executive interview: Speed is cloud apps benefit, says Oracle’s Miranda
In a Q&A with Computer Weekly at Oracle Open World 2019, applications head Steve Miranda discussed the supplier’s approach to cloud applications, digital assistants and machine learning
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September 19, 2019
19
Sep'19
Direct Line built an insurtech it can tweak a thousand times a day
Insurance group Direct Line has added a new business to its portfolio, designed to let it act as a sandbox for its digital journey
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September 13, 2019
13
Sep'19
Fintech lender increases loan limit as customer demand accelerates
Small business lender Esme Loans has increased its loan limit to quarter of a million pounds as businesses are drawn to its simple and fast digital platform
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September 12, 2019
12
Sep'19
Less than quarter of fintechs prepared for no-deal Brexit
A survey reveals that less than a quarter of UK fintech companies have their businesses prepared for the UK's exit from the EU
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September 11, 2019
11
Sep'19
Fintech Fluidly combines Google’s cloud and AI tech to ease SME cashflow management woes
London-based fintech Fluidly explains how its recent all-in move to the Google Cloud is supporting its continued growth, and delivers new features to customers faster
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September 10, 2019
10
Sep'19
Inside NatWest Ventures
NatWest Ventures is helping NatWest bank to remain relevant to its SME businesses customer community through digital innovation
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September 05, 2019
05
Sep'19
Digital challenger banks in UK to triple customer base
Digital challenger banks are increasing their amount of customers fast, but face major challenges if they are to make serious in-roads into the banking sector
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September 02, 2019
02
Sep'19
TSB works with Silicon Valley tech firm to help SME customers take card payments
UK bank will offer its small business customers card-processing and point-of-sale technology by partnering with a fintech set up by Twitter CEO
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September 02, 2019
02
Sep'19
APAC enterprises warm to S/4 Hana
SAP customers in Asia-Pacific are assessing migration options in the run-up to 2025, when the German software giant will stop supporting older ERP applications
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August 27, 2019
27
Aug'19
ASX partners VMware and DA on digital ledger tech
The Australian Securities Exchange is working with VMware and Digital Asset to replace its Chess clearing and settlement system with digital ledger technology
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August 20, 2019
20
Aug'19
Restaurant group pays staff almost £1m early through fintech app
Wagestream app enables Casual Dining Group employees to receive salary payments in advance for a small fee
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August 15, 2019
15
Aug'19
Latest Post Office Horizon problems fixed with software update to blame
The Post Office has fixed the latest problems with its Horizon system, affecting hundreds of branches
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August 15, 2019
15
Aug'19
European fintech investment continues to grow as global investment falls
European countries are continuing to see significant growth in financial technology investment as total global investment decreases
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August 14, 2019
14
Aug'19
UK finance regulator gives extra time for companies to meet payment security rules
Financial Conduct Authority gives companies under its watch an extra 18 months to meet an EU payments security standard
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August 12, 2019
12
Aug'19
Hundreds of Post Office branches hit by new Horizon problem
Subpostmasters suffering slow running and frozen terminals while Post Office searches for a fix to issues apparently caused by a software update
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August 06, 2019
06
Aug'19
ICO joins international call for transparency around Facebook’s Libra currency
Data protection regulators from around the world have signed a statement raising privacy concerns about Libra
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August 05, 2019
05
Aug'19
CIO interview: Simon McNamara, chief administrative officer, RBS Group
Brought in after a catastrophic IT failure that affected 6.5 million customers, the IT chief at Royal Bank of Scotland Group says the bank is now a leader in innovation
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July 30, 2019
30
Jul'19
Six Nordic banks form alliance to offer KYC as a service
Nordic Know Your Customer joint venture will create a common Nordic platform based on advanced data management technologies
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July 22, 2019
22
Jul'19
Latest investments in Atom Bank will support cloud platform project
Bank has raised £50m more finance, which will contribute to funding its project to migrate to the cloud
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July 17, 2019
17
Jul'19
Facebook accused of ‘breathtaking arrogance’ over Libra cryptocurrency plan
US senators grill Facebook’s David Marcus over social media giant’s plans to launch cryptocurrency
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July 09, 2019
09
Jul'19
Post Office fixes technical problem causing accounting errors in Horizon
Problem revealed during High Court trial left subpostmaster with £18,000 surplus after IT system failed to register full amount of cash scanned in
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July 08, 2019
08
Jul'19
Eventful second Post Office Horizon trial ends
The latest High Court trial in the long-running dispute between the Post Office and subpostmasters has concluded, with part three set for March 2020
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July 03, 2019
03
Jul'19
Why PSD2 adoption in the Netherlands is lagging behind
The Netherlands appears to be falling behind in open banking, even though the Dutch are digitally proficient and are often early adopters of new technology. What is going on?
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July 03, 2019
03
Jul'19
APAC firms in developed markets warm up to cloud ERP
A majority of large enterprises in Australia, New Zealand, Hong Kong and Singapore are planning to move their financial applications to the cloud within a year
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July 02, 2019
02
Jul'19
Post Office back-office error leaves subpostmaster with thousands of pounds extra
The Post Office has admitted that some subpostmasters are at risk of accounts not balancing due to an error it does not understand