News
Financial applications
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August 15, 2019
15
Aug'19
Latest Post Office Horizon problems fixed with software update to blame
The Post Office has fixed the latest problems with its Horizon system, affecting hundreds of branches
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August 15, 2019
15
Aug'19
European fintech investment continues to grow as global investment falls
European countries are continuing to see significant growth in financial technology investment as total global investment decreases
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August 14, 2019
14
Aug'19
UK finance regulator gives extra time for companies to meet payment security rules
Financial Conduct Authority gives companies under its watch an extra 18 months to meet an EU payments security standard
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August 12, 2019
12
Aug'19
Hundreds of Post Office branches hit by new Horizon problem
Subpostmasters suffering slow running and frozen terminals while Post Office searches for a fix to issues apparently caused by a software update
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August 06, 2019
06
Aug'19
ICO joins international call for transparency around Facebook’s Libra currency
Data protection regulators from around the world have signed a statement raising privacy concerns about Libra
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August 05, 2019
05
Aug'19
CIO interview: Simon McNamara, chief administrative officer, RBS Group
Brought in after a catastrophic IT failure that affected 6.5 million customers, the IT chief at Royal Bank of Scotland Group says the bank is now a leader in innovation
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July 30, 2019
30
Jul'19
Six Nordic banks form alliance to offer KYC as a service
Nordic Know Your Customer joint venture will create a common Nordic platform based on advanced data management technologies
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July 22, 2019
22
Jul'19
Latest investments in Atom Bank will support cloud platform project
Bank has raised £50m more finance, which will contribute to funding its project to migrate to the cloud
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July 17, 2019
17
Jul'19
Facebook accused of ‘breathtaking arrogance’ over Libra cryptocurrency plan
US senators grill Facebook’s David Marcus over social media giant’s plans to launch cryptocurrency
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July 09, 2019
09
Jul'19
Post Office fixes technical problem causing accounting errors in Horizon
Problem revealed during High Court trial left subpostmaster with £18,000 surplus after IT system failed to register full amount of cash scanned in
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July 08, 2019
08
Jul'19
Eventful second Post Office Horizon trial ends
The latest High Court trial in the long-running dispute between the Post Office and subpostmasters has concluded, with part three set for March 2020
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July 03, 2019
03
Jul'19
Why PSD2 adoption in the Netherlands is lagging behind
The Netherlands appears to be falling behind in open banking, even though the Dutch are digitally proficient and are often early adopters of new technology. What is going on?
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July 03, 2019
03
Jul'19
APAC firms in developed markets warm up to cloud ERP
A majority of large enterprises in Australia, New Zealand, Hong Kong and Singapore are planning to move their financial applications to the cloud within a year
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July 02, 2019
02
Jul'19
Post Office back-office error leaves subpostmaster with thousands of pounds extra
The Post Office has admitted that some subpostmasters are at risk of accounts not balancing due to an error it does not understand
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July 01, 2019
01
Jul'19
The Great Eastern way to digital transformation
Regional insurance company Great Eastern has rolled out a new digital platform to better serve customers while morphing its DNA from the inside out
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June 28, 2019
28
Jun'19
Interview: Yasmeen Al Sharaf, head of fintech and innovation unit, Central Bank of Bahrain
Yasmeen Al Sharaf heads up financial technology strategy at Bahrain’s central bank, which is on a mission to grow and diversify the sector in the Middle East island state
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June 25, 2019
25
Jun'19
Three Finnish banks, one core IT platform
Can a shared core IT platform enable three Finnish banks to become more efficient yet maintain individual competitiveness?
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June 20, 2019
20
Jun'19
Facebook officially unveils cryptocurrency plans
Facebook has released details about its Libra cryptocurrency, but questions still remain over how, and if, it will work
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June 18, 2019
18
Jun'19
Facebook announces global digital currency Libra
Facebook is launching digital coin to open up affordable financial services to the world
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June 17, 2019
17
Jun'19
Post Office asks Court of Appeal for permission to appeal judgment in first Horizon trial
The Post Office has applied to the Court of Appeal to appeal judgment in Horizon trial
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June 06, 2019
06
Jun'19
Half of CFOs frustrated by complex accounting systems
Chief financial officers need to upgrade to easier-to-use accounting systems, but are strapped for time and lack the resources to make the right choices, according to survey
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June 05, 2019
05
Jun'19
Emirates NBD builds bank of future with Amazon Web Services
UAE bank is accessing the latest technology through a close relationship with IT giant Amazon Web Services
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May 24, 2019
24
May'19
Post Office told to pay over £5m of its opponent’s costs for first Horizon trial
The judge in the Post Office Horizon trial has ordered the organisation to pay the legal costs of its courtroom adversaries, and refused to give permission to appeal a major judgment
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May 22, 2019
22
May'19
Hundreds of European retail banks will disappear as challengers scoop up customers
One in every 10 banks in Europe will no longer exist as digital challengers take customers from them
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May 20, 2019
20
May'19
Post Office applies to appeal damning judgment in first Horizon trial
The Post Office has applied for permission to appeal judgments from the first trial in its IT-related legal battle with subpostmasters
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May 16, 2019
16
May'19
How Open University went from bespoke IT to vanilla SAP
It’s hard convincing users their business processes are a dud. But this is what Chris Youles, chief information officer of the Open University, needed to do to transform the organisation
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April 24, 2019
24
Apr'19
SAP Q1 2019 results: 400 more S/4 Hana sign-ups, €1.5bn in cloud
SAP’s first-quarter 2019 financial results indicate cloud revenue at 26% of total, and 400 new customers for S/4 Hana. Senior executive losses, restructure and Qualtrix acquisition cost bite into profit
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April 17, 2019
17
Apr'19
HM Land Registry completes blockchain trial
HM Land Registry’s blockchain project is part of a wider digital transformation initiative which aims to simplify and speed up the process of buying and selling property
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April 17, 2019
17
Apr'19
Government says no conflict of interest in trial despite Post Office chairman’s dual role
BEIS refutes MP’s suggestion of Post Office chairman’s conflict of interest in group litigation case involving Horizon IT system
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April 16, 2019
16
Apr'19
MP questions government over Post Office Horizon case
Labour MP asks the government about the costs associated with the Post Office Horizon legal battle
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April 10, 2019
10
Apr'19
Should you buy SaaS ERP or best-of-breed enterprise software?
The major ERP providers are pushing their customers to their cloud offerings. It makes sense, but there are plenty of SaaS alternatives
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April 04, 2019
04
Apr'19
Post Office to appeal judgment from first Horizon trial
The Post Office will appeal against some of the judgments from the first trial concerning the Horizon computer system used by subpostmasters
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April 03, 2019
03
Apr'19
Del Monte Foods enlists Accenture to help guide move to AWS cloud
US-based food producer has moved hundreds of servers and business applications to the AWS public cloud as part of a push to modernise its IT estate and boost its overall business agility
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April 02, 2019
02
Apr'19
Post Office could face huge costs bill for first Horizon trial
Subpostmaster claimants’ legal team makes application for the Post Office to pay millions of pounds of costs associated with trial
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March 29, 2019
29
Mar'19
Middle East countries accelerate quantum computing research
Gulf countries must invest in quantum computing research to ensure they continue to to remain digital pioneers
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March 29, 2019
29
Mar'19
Major shake-up of TSB IT after core banking system migration disaster
TSB has restructured its IT team to give its internal team control of its core banking system
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March 28, 2019
28
Mar'19
Post Office made to repay public money it allocated to fund Horizon litigation
A senior civil servant asked the Post Office to repay public money it had wrongly allocated to paying legal costs
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March 28, 2019
28
Mar'19
Businesses losing out on early payment discounts due to outdated software
Chief financial officers need to upgrade their accounting software to benefit from discounts available for paying suppliers early
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March 27, 2019
27
Mar'19
Insurance company Tokio Marine HCC overhauls legacy systems
Tokio Marine HCC has partnered with Incessant Technologies to implement business process automation software, which is helping the company to mitigate the risks associated with its disparate legacy systems
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March 20, 2019
20
Mar'19
CCRC watching Post Office Horizon trial closely
The Criminal Courts Review Commission considering judgment in subpostmasters versus Post Office litigation trial
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March 20, 2019
20
Mar'19
Post Office ‘lacked humanity’ in the treatment of subpostmasters, says peer
Peer slams Post Office after High Court judgment reveals its oppressive style of managing the people who run its branches
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March 19, 2019
19
Mar'19
Post Office director cross-examination confirms lack of investigation into branch IT problems
A high court judge heard that the Post Office did not investigate a computer system error that could cause losses, despite being offered evidence
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March 15, 2019
15
Mar'19
Subpostmasters achieve ‘stunning victory’ against Post Office in Horizon case
Judge rules that Post Office showed “oppressive behaviour” in response to claimants accused of accounting errors they blamed on Horizon IT system
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March 12, 2019
12
Mar'19
Post Office considered Horizon IT system ‘high risk’, court told
The Post Office considered Horizon a high operational risk in an internal review, a trial focused on alleged fallibilities in the system used in thousands of Post Office branches has heard
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March 07, 2019
07
Mar'19
Tech under spotlight at High Court in second subpostmasters versus Post Office trial
The second trial in a court battle between the Post Office and the people who run branches analyses alleged bugs in the computer system they use
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March 04, 2019
04
Mar'19
IT Priorities 2019: APAC keeping pace with digital transformation
Digital transformation is well underway among APAC enterprises which are looking to spend more on refreshing their IT infrastructure and technologies that improve employee productivity
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February 28, 2019
28
Feb'19
APAC financial firms face roadblocks with RPA
IDC monitored the automation projects of over 30 early adopters of RPA in financial services and found that most were unable to scale up their implementations of the technology
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February 01, 2019
01
Feb'19
TSB blames IT disaster for huge losses
TSB made a huge loss in its latest financial year because of costs it incurred as a result of an IT disaster
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January 29, 2019
29
Jan'19
SAP FY 2018: Cloud revenue nears €5bn, 10,500 customers for S/4 Hana
SAP’s full-year 2018 results show cloud revenue at 20% of the total, which was €24.7bn, while the fourth quarter saw 1,000 customers added to its flagship S/4 Hana
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January 24, 2019
24
Jan'19
Lloyds Bank to migrate hundreds of thousands of customers to Google-inspired fintech
Following its announcement that it was exploring the use of a fintech platform, Lloyds Bank has been quick to plan customer migration