News

Financial applications

• May 11, 2020 11 May'20

  Micro Focus sees growth in mainframe migration business

  Lifting and shifting Cobol code from mainframes to public cloud has been a growth driver for Micro Focus in the Asia-Pacific region, even as the software supplier continues to diversify its business

• May 06, 2020 06 May'20

  Cash use to go below 5% of total spending in Middle East

  Banks expect a rapid reduction of the use of cash in the region

• May 05, 2020 05 May'20

  Coronavirus: TSB develops smart agent to help staff during pandemic

  TSB took just five days to design and implement a smart digital agent to answer customer questions during the Covid-19 pandemic

• May 01, 2020 01 May'20

  Subpostmasters receive their ‘inadequate’ damages over Horizon IT scandal

  Subpostmasters who had their lives ruined by the Post Office’s faulty IT system have received their damages after a High Court victory

• April 28, 2020 28 Apr'20

  Met Police assessing evidence of potential perjury in Post Office IT trials

  Force examines information about evidence given in court by Fujitsu staff on the Horizon IT system before deciding whether to investigate further

• April 15, 2020 15 Apr'20

  Coronavirus: Lloyds Bank to give thousands of tablet devices to over-70s

  Banking group is giving away tablets and basic digital training to help vulnerable customers stay connected during the UK’s Covid-19 lockdown

• April 08, 2020 08 Apr'20

  What next for subpostmasters’ miscarriage of justice appeals?

  Computer Weekly looks at the next stages in the process to clear the names of subpostmasters wrongly prosecuted for the crimes of theft and false accounting

• March 27, 2020 27 Mar'20

  How subpostmasters made legal history with biggest referral of potential miscarriages of justice

  Subpostmasters seeking redress of prosecutions at the hands of an IT system force the biggest ever UK referral of cases of potential miscarriages of justice to the Court of Appeal

• March 26, 2020 26 Mar'20

  Subpostmaster prosecutions to be considered by Court of Appeal for miscarriages of justice

  The Criminal Cases Review Commission is referring 39 subpostmaster prosecutions to the Court of Appeal to review for possible miscarriages of justice, with further analysis on 22 more cases ongoing

• March 25, 2020 25 Mar'20

  Meeting reviewing subpostmaster applications to appeal criminal prosecutions moves into second day

  The Criminal Cases Review Commission has extended a meeting considering subpostmaster applications to appeal criminal convictions resulting from a faulty Post Office IT system

• March 24, 2020 24 Mar'20

  Norwegian banking app gives access to other banks’ accounts

  Banking customers can access and make payments from their other bank accounts using the DNB Mobile Bank app

• March 24, 2020 24 Mar'20

  Coronavirus: Contactless spending limit increased to fight pandemic

  Banking and financial services trade body UK Finance to increase spending limit for contactless payments to £45 from the start of April

• March 24, 2020 24 Mar'20

  Coronavirus: Fintechs create Covid Credit to help self-employed prove income loss

  Financial technology professionals have created a tool that will support self-employed people claiming financial relief from the government during the Covid-19 pandemic

• March 23, 2020 23 Mar'20

  Coronavirus: Post Office postpones subpostmaster compensation scheme amid Covid-19 crisis

  Scheme to compensate subpostmasters who suffered because of computer errors in the Post Office’s Horizon system is delayed

• March 20, 2020 20 Mar'20

  MP warns minister not to parrot civil servants’ lines on Post Office IT scandal

  MP Kevan Jones has warned a government minister not to repeat the mistakes of predecessors in relation to the Post Office Horizon IT scandal

• March 19, 2020 19 Mar'20

  IT Priorities 2020: ANZ firms to spend more on cyber security

  Over half of respondents in Australia and New Zealand plan to invest more in cyber security, especially in key areas such as data loss prevention

• March 18, 2020 18 Mar'20

  Employment and investment in UK tech sector booms

  UK digital tech sector continues rapid growth in 2019, attracting record investment for another year

• March 17, 2020 17 Mar'20

  Travelex under threat as insolvency risk, hacking costs and coronavirus take their toll

  Foreign exchange group’s future remains uncertain as its parent company, Finablr, prepares for potential insolvency

• March 16, 2020 16 Mar'20

  Secret Post Office deals cause fury among Horizon IT scandal campaigners

  The Post Office has sparked anger with secret settlements with subpostmasters outside the recent legal action against it

• March 12, 2020 12 Mar'20

  CIO interview: Miguel Rio Tinto, Emirates NBD

  The Dubai-based banking group’s CIO, Miguel Rio Tinto, talks about its ambitious digital transformation plans

• March 12, 2020 12 Mar'20

  Dutch landscape attracts fintech exploration

  In 2019, the Netherlands had more than 450 companies active in financial technology. The country’s “polder model”, in which new and traditional companies work closely together, offers many opportunities for fintechs

• March 10, 2020 10 Mar'20

  MPs told to hold to account those responsible for Post Office Horizon IT scandal

  Subpostmasters who had their lives destroyed by a faulty IT system and mistreatment by the Post Office have asked MPs to hold to account the people responsible for the injustices

• March 10, 2020 10 Mar'20

  VAT software supplier exposed data of millions

  Eight million sales records belonging to UK and EU consumers left exposed due to misconfigured server

• March 06, 2020 06 Mar'20

  Those who did not play by the rules in Post Office Horizon scandal “should face prosecution”

  Telford MP has become a vocal member of the campaign for justice for the subpostmasters who had their lives devastated as a result of being blamed for losses caused by errors in the Post Office’s core retail and accounting system

• March 06, 2020 06 Mar'20

  IT Priorities 2020: AI, cloud to dominate IT spending in India

  Indian organisations are expected to spend more on artificial intelligence and cloud this year in a bid gain an edge over rivals through key technology investments

• March 04, 2020 04 Mar'20

  MPs call on PM to commit to full public inquiry into Post Office Horizon IT scandal

  Business, Energy and Industrial Strategy Committee to investigate the Horizon IT system and will question Post Office executives over subpostmasters wrongly accused of fraud

• March 04, 2020 04 Mar'20

  IT Priorities 2020: UK business applications investment in AI gathers steam

  Artificial intelligence intensifies as an investment area for UK IT buyers, while cloud delivery is coming to ERP as well as other applications

• March 02, 2020 02 Mar'20

  Boris Johnson’s commitment to inquiry into Post Office scandal in doubt

  Boris Johnson’s apparent commitment to a public inquiry into the Post Office Horizon scandal is not so certain

• February 28, 2020 28 Feb'20

  Government claims it was misled by Post Office over IT scandal

  Minister says Post Office IT experts misled the government when it asked questions about subpostmasters’ concerns over Horizon IT system

• February 27, 2020 27 Feb'20

  IT Priorities 2020: ASEAN firms on the frontline of digital transformation

  Southeast Asian companies plan to spend more on infrastructure and cyber security, but the growth in IT budgets appears to be slowing down

• February 26, 2020 26 Feb'20

  Boris Johnson commits to 'getting to the bottom of' Post Office Horizon IT scandal

  Prime minister Boris Johnson appears to commit to a public inquiry into the Post Office scandal over its accounting system, but government is yet to offer any details

• February 25, 2020 25 Feb'20

  Government admits it was too passive managing Post Office as parliamentary pressure builds

  The UK government faces accusations of neglecting its duties handling the Post Office as pressure mounts in Parliament for justice for the subpostmasters who suffered due to faults in the Horizon IT system

• February 23, 2020 23 Feb'20

  Australian government inks sourcing deal with Rimini Street

  The whole-of-government agreement will provide Australian government agencies with easier and cheaper access to third-party software support

• February 19, 2020 19 Feb'20

  Swedish consumer-protection legislation will hit fintechs

  New financial regulation to protect consumers from agreeing to unnecessary credit will force financial technology companies to make changes to their products

• February 14, 2020 14 Feb'20

  Calls for inquiry into Post Office IT scandal increase in Parliament, with cross-party support

  Many MPs might not yet fully understand the suffering subpostmasters have endured because of the Post Office’s faulty IT system and its oppressive behaviour, but they will soon

• February 12, 2020 12 Feb'20

  Brexit cited as reason for German digital bank’s UK exit

  German challenger bank N26 leaves the UK, saying Brexit is the reason behind the decision due to the removal of passporting rights

• February 12, 2020 12 Feb'20

  Pressure for public inquiry into Post Office IT system scandal begins with mountain to climb

  Members of Parliament seeking a public inquiry into the Post Office Horizon scandal face huge challenges, but pressure and time could force justice

• February 09, 2020 09 Feb'20

  Australian government to roll out SAP S/4 Hana

  Australia’s finance department earmarks S/4 Hana as its ERP system to provide common financial and HR services across government

• February 03, 2020 03 Feb'20

  Government refuses request to pay legal costs for subpostmasters in Post Office case

  The government has refused to pay the huge legal costs subpostmasters incurred in their battle with the government-owned Post Office, which they won

• January 28, 2020 28 Jan'20

  Subpostmaster prosecutions move closer to appeal

  Prosecutions are a significant step closer to being sent to the Court of Appeal as Criminal Courts Review Commission forms a group of commissioners to review them

• January 27, 2020 27 Jan'20

  Police sent information about potential Fujitsu staff perjury in subpostmaster prosecutions

  The police have been asked to consider information from a High Court judge questioning evidence given by Fujitsu staff in criminal trials of Post Office subpostmasters

• January 22, 2020 22 Jan'20

  Government should not be allowed to dismiss subpostmasters’ claims over Horizon IT scandal

  Subpostmasters are stepping up their fight for justice after their huge court victory, with Westminister replacing the High Court as the battleground

• 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