News

Financial applications

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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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?
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
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
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
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
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?
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
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
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
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
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
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
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
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
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
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
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
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
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