News

Financial applications

• 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

• 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.