News

Financial applications

• 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

• October 23, 2020 23 Oct'20

  NHS trust takes another look at its appointment of IT scandal CEO

  Imperial College Healthcare NHS Foundation Trust has asked for external review of its process when appointing controversial executive

• October 22, 2020 22 Oct'20

  ANZ Bank moves digital banking services to container platform

  Australia’s largest bank now runs 30% of its internet banking services on Red Hat OpenShift in a move that has energised developers and paved the way for more automation

• October 21, 2020 21 Oct'20

  Financial services staff want work-from-home policies to continue after Covid

  About half of workers in the finance sector want their employers to retain remote working policies brought in during the pandemic

• October 20, 2020 20 Oct'20

  Labour shares concerns over ‘whitewash’ Horizon IT inquiry

  Labour MPs write to postal affairs minister expressing fears that the inquiry into the Horizon IT scandal does not guarantee cooperation from the Post Office, Fujitsu and government

• October 15, 2020 15 Oct'20

  Post Office races to solve IT error under gaze of public and banks

  The Post Office is focusing urgently on fixing an IT error suffered by a subpostmaster amid the ongoing IT scandal

• October 14, 2020 14 Oct'20

  NHS England issues integrated cloud ERP procurement advice call

  NHS England is calling on software suppliers for advice concerning the feasibility of moving and integrating its ERP systems in cloud infrastructure

• October 13, 2020 13 Oct'20

  Government minister’s plea for subpostmasters to take part in review of IT scandal rejected

  Government minister met with former subpostmaster online in an attempt to get victims of the Post Office Horizon scandal involved in government review

• October 08, 2020 08 Oct'20

  Care Quality Commission enquiries into IT scandal CEO continue

  NHS regulator continues enquiries about the appointment of former Post Office CEO at Imperial College Healthcare NHS Trust as more damning details emerge

• October 08, 2020 08 Oct'20

  Accenture acquires NZ firm to bolster SAP practice

  Accenture’s acquisition of Zag comes amid growing demand for expertise in S/4 Hana migrations in Australia and New Zealand

• October 06, 2020 06 Oct'20

  Government deaf to loud calls for statutory public inquiry into Post Office scandal

  MPs are demanding the government holds a full statutory public inquiry into the Post Office IT scandal

• October 02, 2020 02 Oct'20

  Justice for subpostmasters as wrongful criminal convictions are set to be quashed

  The Post Office has chosen not to contest 44 out of 47 appeals, meaning most are likely to have their names cleared, but others still face a Court of Appeal battle for justice

• September 29, 2020 29 Sep'20

  Over two million Brits using open banking

  Data shows more than two million people in the UK are now taking control of their financial data through open banking

• September 29, 2020 29 Sep'20

  Subpostmasters still in the dark about live Horizon errors

  Subpostmasters still not being told about all the known errors in the controversial Post Office branch accounting and retail system that they use

• September 29, 2020 29 Sep'20

  Universal Credit algorithm fails people in need, says Human Rights Watch

  The human rights charity says the government’s flagship benefits system is “flawed” and that the means-testing algorithm used causes “irrational fluctuations and reductions in how much benefit” claimants receive each month

• September 24, 2020 24 Sep'20

  Can banks solve money laundering puzzle through technology?

  Banks face a huge challenge in identifying and stopping money laundering without interfering with police investigations

• September 21, 2020 21 Sep'20

  DBS taps AI and data analytics in intelligent banking move

  Singaporean bank has started using artificial intelligence and analytics to provide customers with hyper-personalised insights and recommendations, to win more market share

• September 11, 2020 11 Sep'20

  Santander to double investment in fintechs

  Santander is doubling the amount of money it invests in fintech startups after the success of its funding arm, which was established in 2014

• September 09, 2020 09 Sep'20

  London councils to share technology procurement platform

  A new technology procurement platform will help all 33 local councils in London diversify their IT supplier portfolios

• September 08, 2020 08 Sep'20

  Post Office Horizon IT scandal victims face further battles as government digs heels in

  The government repeats that it won’t pay victims’ legal costs and confirms review into the scandal will not have the power to call witnesses

• September 03, 2020 03 Sep'20

  Insurers accept they were slow to adopt digital

  Insurance companies know they must prioritise digital investment and are planning in-house development to help make up lost ground

• August 07, 2020 07 Aug'20

  Cyber attack combined with Covid-19 puts Travelex into administration

  Foreign exchange firm Travelex has cut UK staff by 1,300 and physical outlets will remain closed