News

Financial applications

• January 21, 2020 21 Jan'20

  High-street banks face disruption three weeks after Travelex hack

  Foreign exchange services still disrupted, three weeks after Travelex received a $6m ransom demand from cyber gangsters

• January 15, 2020 15 Jan'20

  Government distances itself from Post Office decisions in Horizon IT litigation

  Department for Business, Energy & Industrial Strategy says it did not make decisions in the Post Office’s recent court battle

• January 14, 2020 14 Jan'20

  Why subpostmasters are calling on the government to pay Horizon trial costs

  The damages that subpostmasters will receive after their court victory against the Post Office fall well short of their calculated losses

• January 10, 2020 10 Jan'20

  Subpostmaster group calls for government to pay legal costs for Horizon trial

  The group of subpostmasters that defeated the Post Office in court over a faulty IT system are calling for the government to pay the costs of the legal action

• January 09, 2020 09 Jan'20

  Can fintech succeed where schools and parents have failed?

  Young people in Britain are unprepared to manage their finances when they leave home and, as a result, many run into serious problems

• January 08, 2020 08 Jan'20

  Fujitsu must face scrutiny following Post Office Horizon trial judgment

  While the Post Office has suffered financial and reputational damage after losing its court battle with subpostmasters, the supplier of the IT system at the centre of the dispute has major PR challenges ahead

• January 03, 2020 03 Jan'20

  Suspected ransomware attack causes worldwide disruption for Travelex

  Travelex switches off computer systems and resorts to cash-only currency sales after malware attack. Insiders claim the currency exchange chain has been hit by ransomware which has left critical files containing customer data encrypted

• December 27, 2019 27 Dec'19

  Top 10 financial services IT stories of 2019

  Here are Computer Weekly’s top 10 financial services and fintech stories of 2019

• December 20, 2019 20 Dec'19

  Has Y2K windowing been addressed by banks or is Y2.02K a risk?

  Big banks that haven't replaced legacy systems or fixed temporary windowing solutions to Y2K could have problems at the beginning of 2020

• December 20, 2019 20 Dec'19

  National Federation of Subpostmasters cries foul after court ruling on controversial computer system

  The National Federation of Subpostmasters said it was misled by the Post Office about the robustness of the IT systems its members use

• December 17, 2019 17 Dec'19

  Subpostmasters proved right on IT system failures as calls for full public inquiry mount

  Post Office has been “in denial” about the robustness of its core retail system, which a judge said was to blame for problems experienced by subpostmasters in a multimillion-pound group action

• December 13, 2019 13 Dec'19

  Subpostmasters got the best deal possible in legal battle with the Post Office, says lawyer

  Subpostmasters ended their legal battle with the Post Office at the optimal time, according to the lawyer that managed the High Court action

• December 09, 2019 09 Dec'19

  Dubai’s Kentech kicks off digital transformation drive

  Energy and industrial support company will go live in Oracle’s cloud next month

• December 06, 2019 06 Dec'19

  Barclays opens large tech operation in India, hiring thousands

  Barclays opens tech centre in Pune as part of its global delivery network

• December 03, 2019 03 Dec'19

  Insurtechs help traditional players differentiate

  Traditional insurers are harnessing the agile development techniques of the tech startup community through partnerships with insurtechs

• November 28, 2019 28 Nov'19

  NatWest digital bank goes live

  NatWest has announced the availability of its standalone digital challenger bank, known as Bó

• November 27, 2019 27 Nov'19

  Finland’s OP Financial Group accelerates open banking push

  Finnish banking group is working with a Danish fintech to add open banking functionality to its offerings

• 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

• 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

• 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.

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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.

• 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

• 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

• 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

• 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.

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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