News

Financial applications

• March 18, 2021 18 Mar'21

  Government to bail out Post Office which can’t afford to pay compensation to subpostmasters

  The Post Office does not have enough money to pay compensation to the subpostmasters it wrongfully prosecuted

• March 18, 2021 18 Mar'21

  Subpostmasters in Court of Appeal to end 20-year torment

  Subpostmasters heading to Court of Appeal to clear their names in what is potentially the biggest miscarriage of justice in English legal history

• March 11, 2021 11 Mar'21

  Potential miscarriages of justice of Scottish subpostmasters move to full review

  The Post Office Horizon scandal gets bigger as subpostmaster prosecutions in Scotland are reviewed

• March 11, 2021 11 Mar'21

  Oracle Q3, 2020-21: Revenue growth of 3% backdrop to Ellison attack on SAP

  Chairman and CTO Larry Ellison launches competitive attack on SAP as Oracle’s third-quarter results show revenue growth of 3%

• March 11, 2021 11 Mar'21

  IFS ramps up single-platform cloud delivery as it bids ERP adieu

  Business applications supplier shifts fundamentally to cloud infrastructure while sloughing off enterprise resource planning as it rebrands

• March 10, 2021 10 Mar'21

  Welsh FA boss linked to recruitment of controversial former Post Office executive to step down

  Football Association Wales CEO Jonathan Ford is stepping down after losing a vote of no confidence triggered by the controversial appointment of Angela van den Bogerd, who was involved in the Post Office IT scandal

• March 09, 2021 09 Mar'21

  Prime minister yet to respond to serious subpostmaster concerns over Horizon IT scandal inquiry

  Subpostmaster victims who have spent millions bringing the Post Office IT scandal to light have received no reply to their concerns from Boris Johnson

• March 08, 2021 08 Mar'21

  Government to change unfair private prosecution rules used to prosecute innocent subpostmasters

  Government agrees to change private prosecution rules that were abused by the Post Office in its pursuit of subpostmasters wrongly accused of financial crimes

• March 04, 2021 04 Mar'21

  Bank of Ireland to reduce branch network by almost half

  Bank of Ireland is latest bank to pin its future on digital channels as customers change their banking habits

• March 02, 2021 02 Mar'21

  How SAP is riding the rising tide of cloud

  SAP’s newly minted president for Asia-Pacific and Japan talks up the company’s cloud traction and what is being done to ease the transition to S/4 Hana

• February 26, 2021 26 Feb'21

  It’s now or never for UK fintech, government told

  The UK government faces a ‘now or never’ moment if it wants financial technology to play a central role in the economy for years to come

• February 24, 2021 24 Feb'21

  Appointment of disgraced former Post Office director triggers vote of no confidence in Welsh FA boss

  Vote of no confidence in Football Association of Wales boss triggered by recruitment of former Post Office executive who tried to mislead a judge in IT trial

• February 23, 2021 23 Feb'21

  Subpostmaster group calls for prime minister to pause Horizon ‘whitewash’ inquiry

  Subpostmasters call for Boris Johnson to pause and reshape the government’s Horizon inquiry

• February 22, 2021 22 Feb'21

  UK government set to offer fintech visa

  The importance of immigrant workers to the UK's fintech sector highlighted by government planned fintech visa

• February 19, 2021 19 Feb'21

  Fujitsu bosses knew about Post Office Horizon IT flaws, says insider

  A former senior developer who worked for Fujitsu on the Post Office IT system that led to subpostmasters being falsely accused of fraud, has claimed bosses knew of fundamental flaws before going live

• February 16, 2021 16 Feb'21

  TransferGo to harness Google-inspired tech capability

  Payments fintech TransferGo chooses cloud-native core banking platform to build a digital wallet and expand its services

• February 16, 2021 16 Feb'21

  Qatar regulator launches platform to monitor human understanding of financial crime

  Qatari financial services regulator works with global body to provide digital platform to assess whether financial services workers understand how to prevent financial crime

• February 08, 2021 08 Feb'21

  Woolworths to invest more than A$50m in skills training

  More than 60,000 Woolworths employees across store and e-commerce operations, supply chain network and support offices are expected to benefit from the new investment

• February 03, 2021 03 Feb'21

  Has Covid-19 made bank branch closures easier to sell?

  Big banks continue to close branches and invest more in technology as the Covid-19 pandemic makes a case for digital banking

• February 02, 2021 02 Feb'21

  Nordic countries dominate European online banking take-up

  Nordics dominate online banking take-up in Europe, but the UK is not far behind

• January 28, 2021 28 Jan'21

  JP Morgan Chase hires for UK digital bank launch

  US banking giant hires in the UK in preparation for digital consumer bank launch

• January 28, 2021 28 Jan'21

  SAP launches ‘Rise’ business transformation as a service

  SAP CEO Christian Klein announces business transformation as a service package, dubbed Rise

• January 26, 2021 26 Jan'21

  Customers turn to cash as IT issue hits card payments at major supermarkets

  IT problem at payment processing company has forced shoppers to resort to cash in Morrisons and Co-op stores

• January 20, 2021 20 Jan'21

  More subpostmasters’ prosecutions sent to appeal for wrongful conviction

  Four more subpostmasters are to have their appeals against criminal convictions heard in the appeal courts

• January 20, 2021 20 Jan'21

  IT scandal exposes legal rule that made it easy for Post Office to prosecute the innocent

  Lawyers call for changes to digital evidence rule that made it easier for the Post Office to ‘bamboozle courts’ and make subpostmasters pay a heavy price for its IT failings

• January 14, 2021 14 Jan'21

  London received quarter of all European tech funding in 2020

  Technology startups in London raised near-record levels of venture capital investment last year despite uncertainty related to Brexit and Covid-19

• January 14, 2021 14 Jan'21

  Numbers stack up for UK open banking three years on

  Three years have passed since open banking regulations came into force and momentum is gathering

• January 12, 2021 12 Jan'21

  Retail giant Walmart to launch a fintech

  Fintech will be geared towards offering the services Walmart’s customers and employees want

• January 06, 2021 06 Jan'21

  NHS trust says appointment processes robust despite criticism of role for Post Office scandal CEO

  NHS trust defends its director appointment process following an external review of its recruitment of former Post Office CEO Paula Vennells

• December 17, 2020 17 Dec'20

  Post Office suffers latest court defeat in Horizon IT scandal

  Court of Appeal indicates subpostmasters can pursue appeal route that could do more damage to Post Office’s reputation

• December 14, 2020 14 Dec'20

  Appointment of disgraced former Post Office executive at Welsh FA questioned by MP

  The appointment of a former Post Office executive, who tried to mislead a judge, in the Football Association of Wales has been questioned by an MP

• December 11, 2020 11 Dec'20

  History made as subpostmasters wrongly prosecuted in Horizon IT scandal have convictions quashed

  Six subpostmasters who were wrongly prosecuted for accounting shortfalls caused by computer errors have their convictions quashed after years of campaigning

• December 11, 2020 11 Dec'20

  Agility key to pandemic recovery, say APAC CFOs

  Chief financial officers in the Asia-Pacific region call for financial transformation to bring about the agility that their organisations need to tide over the pandemic

• December 07, 2020 07 Dec'20

  Singapore government to boost blockchain adoption

  Singapore government unveils S$12m programme to promote development and adoption of blockchain applications beyond financial services

• December 03, 2020 03 Dec'20

  Bank of England enlists development partner to unlock cloud

  Bank has agreed a two-year deal with a cloud development platform provider as it seeks to take its cloud journey to the next level

• December 01, 2020 01 Dec'20

  Government covers its ears as complaint by victims of Post Office abuse heads to ombudsman

  Government denies responsibility for the abuse inflicted on subpostmasters by the Post Office over faulty IT system

• November 26, 2020 26 Nov'20

  Robots taking jobs, but creating careers

  Robotic process automation developers tell Computer Weekly about the job they never expected to be doing

• November 24, 2020 24 Nov'20

  Post Office accused of lying and being in contempt of Parliament in IT scandal

  Campaigning politician demands access to documents that could prove that the Post Office lied

• November 23, 2020 23 Nov'20

  Subpostmasters want £300m from a government that allowed Post Office ‘reign of terror’

  The government allowed the Post Office to “run amok” and destroy lives, says complaint to Parliamentary Ombudsman

• November 19, 2020 19 Nov'20

  Fujitsu staff under investigation for potential perjury in Post Office IT trial named

  Court documents reveal the names of the Fujitsu employees under investigation for potentially providing misleading information in criminal trials

• November 17, 2020 17 Nov'20

  Automated image recognition: How using ‘free’ photos on the internet can lead to lawsuits and fines

  Germany-based photographer Marco Verch uses computer scripts to populate the internet with topical images and photographs. People and companies who make mistakes in following the complex licensing terms of his ‘free to share and adapt’ photographs ...

• November 17, 2020 17 Nov'20

  Botched software update to blame for Post Office Horizon crash

  Post Office says planned firmware update caused the problem that left branches unable to do business for 90 minutes

• November 16, 2020 16 Nov'20

  Post Office explanation of IT system outage so vague it is ‘pointless’

  Post Office criticised over vagueness of its explanation of the cause of a UK-wide IT failure that saw subpostmasters unable to do business

• November 13, 2020 13 Nov'20

  Police open criminal investigation into potential perjury by Fujitsu staff in Post Office IT trials

  Current and former Fujitsu staff could face prosecution for giving false evidence in the trials of subpostmasters accused of theft and false accounting

• November 11, 2020 11 Nov'20

  What businesses can learn from GovTech’s digital strategy

  Modernising its infrastructure and putting digital at its core has given Singapore’s Government Technology Agency the agility it needs to respond to the Covid-19 pandemic

• November 11, 2020 11 Nov'20

  Norway has lowest physical cash use in the world, says report

  Norway claims to use less cash as a proportion of total spending than any other country across the globe, according to a study by its central bank

• November 10, 2020 10 Nov'20

  Deutsche Bank to sell retail banking IT unit to TCS for €1

  Deutsche Bank has agreed to sell its retail banking IT operation to one of its main IT suppliers for a token €1

• November 06, 2020 06 Nov'20

  Finger pointed at Fujitsu as Post Office Horizon system crashes nationally

  Post Office branches offline during busy business hours after suffering an IT error that the Post Office said related to IT from supplier Fujitsu

• November 03, 2020 03 Nov'20

  Subpostmasters’ complaint about government begins its journey to Parliamentary Ombudsman

  Government faces scrutiny of its handling of the Post Office IT scandal that destroyed subpostmasters’ lives and livelihoods

• October 27, 2020 27 Oct'20

  SAP Q3 2020 results: revenue down 4%, cloud silver lining hailed

  SAP’s third quarter 2020 results stated a 4% year-on-year reduction in revenue, with an 11% increase in cloud revenue lightening the gloom