News

Financial applications

• 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

• December 13, 2013 13 Dec'13

  CIO interview: Joan Miller director of Parliamentary ICT

  Parliamentary ICT director Joan Miller talks about how Parliament should use technology and the challenges of the digital world

• December 13, 2013 13 Dec'13

  Avon drops SAP big bang transformation

  Cosmetics giant Avon has halted its multi-year SAP rollout due to a poor return on investment.

• December 12, 2013 12 Dec'13

  CIO Interview, David Southern, CIO WWF UK

  UK CIO of the World Wildlife Fund for Nature (WWF), David Southern, describes a technology refresh at its Woking HQ

• December 06, 2013 06 Dec'13

  FCA investigation into RBS crash last year not complete as new IT crisis hits

  The Financial Conduct Authority (FCA) has yet to complete an investigation into a massive IT failure at the Royal Bank of Scotland last year

• December 05, 2013 05 Dec'13

  Norfolk and Suffolk police outsource back-office systems

  Norfolk and Suffolk Constabularies are outsourcing ERP and duty management systems to Capgemini in a seven-year deal worth £3.75m

• December 05, 2013 05 Dec'13

  700,000 benefit claimants miss out on Universal Credit deadline

  The secretary for work and pensions has admitted the Universal Credit benefit scheme will miss its 2017 deadline

• December 04, 2013 04 Dec'13

  How endemic is IT underinvestment in UK retail banking?

  The Royal Bank of Scotland has failed to invest properly in its IT system, but it is not alone

• December 02, 2013 02 Dec'13

  Ipswich Building Society forced to change IT services supplier

  Ipswich Building Society was part of a group of companies that had to find new IT service provider following a decision by the incumbent supplier to exit the business

• November 26, 2013 26 Nov'13

  Nationwide first to launch Visa V.me, despite RBS trial

  Nationwide Building Society is offering a digital wallet to its customers after launching Visa’s V.me service - 18 months after the service was made available in the UK

• November 25, 2013 25 Nov'13

  150 subpostmasters file claims over 'faulty' Horizon accounting system

  About 150 subpostmasters have filed claims to the investigation into the allegedly faulty Post Office accounting system used by thousands of subpostmaters

• November 19, 2013 19 Nov'13

  Barclays extends mobile money platform for easier payments

  Barclay’s Bank has released the latest update to Pingit with functionality that enables businesses to pay people using only their mobile phone numbers

• November 18, 2013 18 Nov'13

  Salesforce promises $5bn revenue for 2014

  Cloud company Salesforce.com claims it will reach revenues of $5bn for the full fiscal year, despite third quarter results showing a sequential drop

• November 14, 2013 14 Nov'13

  Cloud imperative for companies to remain agile, says AWS

  Both enterprise and startups can benefit from the cloud, enabling employees to become more innovative, says Amazon Web Services

• November 14, 2013 14 Nov'13

  MoD appoints new CIO and releases ICT strategy

  The Ministry of Defence (MoD) has appointed Yvonne Ferguson as CIO and released its latest Defence ICT Strategy document

• November 13, 2013 13 Nov'13

  Consulting firm saves thousands by billing in the cloud

  Consulting and outsourcing company Xoomworks claims to be making savings of over £10,000 a year, after introducing a cloud-based system to track its consultant’s billable hours.

• November 07, 2013 07 Nov'13

  RBS Markets deploys IBM Rational for virtual testing

  Royal Bank of Scotland is investigating how it could extend a virtual test environment to support future development projects

• November 04, 2013 04 Nov'13

  Co-operative Bank’s future dependent on £500m IT investment

  Co-operative Bank has set aside £500m for four stage IT transformation as it attempts to stabilise after investors contribute to a £1.5bn rescue

• November 04, 2013 04 Nov'13

  Zurich Insurance Group to streamline finance IT

  Zurich Insurance Group has signed a five-year deal with Accenture to develop, implement and manage finance and business intelligence applications in multiple countries including the UK.

• October 31, 2013 31 Oct'13

  Companies are not taking advantage of data analytics, research says

  Research by Bersin by Deloitte shows that 86% of businesses have yet to progress beyond using their HR data to generate basic reports

• October 31, 2013 31 Oct'13

  Companies need to think about user experience as HR technology takes off

  Companies are replacing 10-year old, on-premise HR systems, with cloud based alternatives, says consultant Jason Averbrook,

• October 31, 2013 31 Oct'13

  Explosive IT outsourcing figures mask industry realignment

  The latest figures on global IT outsourcing sales from ISG reflect a realignment in IT services as they are bought in different ways

• October 30, 2013 30 Oct'13

  Former Lord Justice of Appeal Hooper joins Post Office Horizon investigation

  The Post Office's Horizon accounting IT inquiry appoints former Lord Justice of Appeal Anthony Hooper to chair mediation stage

• October 28, 2013 28 Oct'13

  Aerospace company turns to cloud in $4m HR IT project

  Problems finding skilled engineers has prompted BE Aerospace to sign deal with SuccessFactors for cloud HR technology.

• October 28, 2013 28 Oct'13

  End in sight for sub-postmaster claims against Post Office's Horizon accounting system

  Sub-postmasters' claims of errors made by the Horizon accounting system could be completed in three months

• October 25, 2013 25 Oct'13

  Capital markets set to increase cloud investment, predicts Ovum

  Both the buy side and sell side of the capital markets are set to increase their IT spend on cloud computing services, says research firm

• October 24, 2013 24 Oct'13

  European Central Bank warns against last-minute Sepa migrations

  The European Central Bank warns firms that have left migration to the Single European Payments Area (Sepa) they could face problems

• October 23, 2013 23 Oct'13

  First Direct advises customers on contactless payments

  First Direct is reacting to fears that contactless card payments could be made by mistake by advising customers that it is better to remove cards from wallets when making payments

• October 23, 2013 23 Oct'13

  Seven day account switching-service fuels modest increase in activity

  The seven day account switching service launched last month has led to an 11% increase in the number of consumers switching accounts in the last month compared to last year.

• October 09, 2013 09 Oct'13

  Engineering firm aims to automate HR system for 150,000 employees

  Power and automation company, ABB is to automate and simplify its HR processes in a project that aims to make HR technology as easy to use as Google. The project, dubbed the Google-isation of HR, will allow employees and managers to look for HR ...

• October 09, 2013 09 Oct'13

  Misys expects payback in 12 months from talent management in the cloud

  Financial software company Misys has opted for a cloud based talent management system, after SAP proved wanting.

• October 04, 2013 04 Oct'13

  CIO interview: Carlos Morgado, CTO, Just Eat

  Carlos Morgado, group CTO of online takeaway service Just Eat, discusses the company's move to public cloud

• October 01, 2013 01 Oct'13

  Ministry of Defence upgrades Oracle HR and payroll system

  The Service Personnel and Veterans Agency of the Ministry of Defence (MoD) has upgraded its Oracle HP and payroll system

• October 01, 2013 01 Oct'13

  UK trading sector faces challenges as US regulator prepare rules

  UK trading firms will have to makes their trading software more resilient to ensure they comply with the imminent regulations being put together by the US SEC

• September 27, 2013 27 Sep'13

  Bank account switching service project attracts global attention

  The success of the Payments Councils project to introduce a system to reduce the time to switch current account providers has stirred interest overseas

• September 20, 2013 20 Sep'13

  Skandia chooses Pitney Bowes for event-driven customer communications

  Skandia Bank is seeking to advance its digital strategy using customer communication software from Pitney Bowes

• September 13, 2013 13 Sep'13

  Bank takes outsourcing to extreme with appstore

  French banking giant Credit Agricole has created an app store to provide banking apps to customers and get ideas for new apps

• September 09, 2013 09 Sep'13

  Lloyds website continuity hit as TSB launches

  Lloyds Banking Group websites, including the new standalone TSB, have been hit by problems on TSB launch day

• September 05, 2013 05 Sep'13

  Direct debit failures costly to businesses

  Businesses risk losing money and customers due to mistakes made when setting up direct debit and credit payments