News
Financial applications
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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September 02, 2019
02
Sep'19
APAC enterprises warm to S/4 Hana
SAP customers in Asia-Pacific are assessing migration options in the run-up to 2025, when the German software giant will stop supporting older ERP applications
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August 27, 2019
27
Aug'19
ASX partners VMware and DA on digital ledger tech
The Australian Securities Exchange is working with VMware and Digital Asset to replace its Chess clearing and settlement system with digital ledger technology
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August 20, 2019
20
Aug'19
Restaurant group pays staff almost £1m early through fintech app
Wagestream app enables Casual Dining Group employees to receive salary payments in advance for a small fee