News
Financial applications
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February 23, 2018
23
Feb'18
RBS’s first profit in a decade accompanied by major first for mobile channel
News of its first profit in 10 years might overshadow a major first for the Royal Bank of Scotland’s mobile channel
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February 21, 2018
21
Feb'18
Lloyds Bank announces three-year digital transformation
Lloyds Bank has announced plans to transform how it serves customers through substantial digital investment
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February 20, 2018
20
Feb'18
UK finance regulator collaborates with US counterpart on fintech
The FCA is working with a US finance regulator to support financial technology companies on both sides of the Atlantic
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February 19, 2018
19
Feb'18
Lauri Love can stay in UK: prosecutors will not appeal extradition ruling
Crown Prosecution Service gives undertaking to Lauri Love that it will not appeal against a court decision not to extradite him to the US – but prosecutors are seeking leave to appeal over part of the court ruling on extradition procedure
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February 14, 2018
14
Feb'18
Technology spend growing at expense of trader salaries
Investment firms are spending a larger proportion of their budgets on software as data and artificial intelligence technology is seen to provide a competitive advantage
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February 14, 2018
14
Feb'18
Australia’s national payment system will ease peer-to-peer payments
New Payments Platform is expected to accelerate the decline of cash and cheques in Australia, as well as simplify invoicing for businesses through overlay services
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February 13, 2018
13
Feb'18
London joins Citibank IT innovation network
Citibank has made London home to its latest IT innovation hub, which will focus on applying data science and high performance computing to the business
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February 12, 2018
12
Feb'18
APAC fintech market set to bloom
Government support, the rise of digital payments and a new breed of financial services will put the region’s financial technology market in overdrive over the next few years
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February 07, 2018
07
Feb'18
Stay of execution for RBS branches and free devices for some customers
RBS is offering free training and devices to some customers in Scotland to help them eventually live without bank branches
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February 06, 2018
06
Feb'18
Lloyds Bank cuts CIO workforce
Lloyds Banking Group is changing the skills make-up of its IT team to support demand for digital services
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January 31, 2018
31
Jan'18
Swedish banks embrace rapidly evolving chatbots
Artificial intelligence is playing an increasingly important business role for Sweden’s banks – and chatbots are the starting point for many
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January 30, 2018
30
Jan'18
SAP 2017 results: Cloud revenue nears €3.8bn, 7,900 S/4 Hana customers
SAP has declared full year 2017 revenue of €23.5bn, of which nearly €2.8bn was cloud, alongside acquisition of Callidus, a cloud-based “lead to money” service
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January 25, 2018
25
Jan'18
Robots are needed to manage the automation robots
The next decade will see robots transform from invisible forces obeying our commands to lifelike objects interacting with humans on a daily basis
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January 25, 2018
25
Jan'18
Forensic investigation into Post Office IT system at centre of legal case nears completion
The investigation into the fairness of court cases brought against sub-postmasters is close to finishing its forensic examination of the IT system at the heart of the controversy
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January 23, 2018
23
Jan'18
Mastercard sets biometric ID deadline for banks
Mastercard has committed to guaranteeing that every one of its customers will have access to biometric authentication services by April 2019
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January 22, 2018
22
Jan'18
IT of world’s banks is moving on from crippling regulation
Banks need to invest more in fintech and IT skills as they emerge from years of stagnation
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January 18, 2018
18
Jan'18
Nordic IT executive interview: Daniel Kjellén, CEO, Tink
Sweden could have a head start in the race to open up banking through the European Union’s PSD2 regulation
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January 18, 2018
18
Jan'18
Demand for cloud services drives increase in IT outsourcing
Cloud services spending in Europe, the Middle East and Africa offset a drop in traditional IT outsourcing in 2017
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January 16, 2018
16
Jan'18
Financial savings just the beginning for CIOs who understand code quality
Businesses need to understand the quality of the code in their applications if they are to avoid unnecessary costs and glitches
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January 16, 2018
16
Jan'18
Abu Dhabi continues fintech agenda in 2018
Abu Dhabi is open to developing its fintech ecosystem, with the next 12 months expected to see more focus on the sector
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January 11, 2018
11
Jan'18
Retail banking regulations hit UK with the potential of a ‘Big Bang’ moment
The UK retail banking sector is at the beginning of a journey towards to a more competitive future as new regulation hits them
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January 10, 2018
10
Jan'18
Marks and Spencer eyes £30m annual cost savings from digital-first retail push
High-street retailer has fleshed out plans to put digital at the heart of its business to boost operational efficiency in response to changing consumer demands
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January 09, 2018
09
Jan'18
Google puts its payment services under one roof
Internet giant is bringing all its payment services under the Google Pay brand, making them “simpler, safer and more consistent”
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January 04, 2018
04
Jan'18
Nordic banks face digitisation decisions over PSD2
With the latest version of the EU payment services directive coming into force, traditional Nordic banks can’t afford to slow their digital transformations
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December 19, 2017
19
Dec'17
Top 10 enterprise IT in the Nordics stories in 2017
The Nordic region might be best known in IT circles for its startup communities – but it has much more to offer
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December 08, 2017
08
Dec'17
Santander UK recruits digital banking expert from Barclays
Santander UK has poached Michael Harte from Barclays to drive digital transformation
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December 06, 2017
06
Dec'17
CIO interview: Carlos Abarca, TSB
Carlos Abarca is guiding TSB through its migration from systems hosted by a competitor to a digitally focused in-house core banking platform.
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December 06, 2017
06
Dec'17
Mayor of London opens Bangalore office to strengthen links with Indian businesses
City of London’s office in India’s tech hub aims to promote Indian investment and IT jobs in UK capital
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November 28, 2017
28
Nov'17
Dutch digital coin miners offered datacentre space to reduce costs
The Netherlands’ Datacenter Group is providing digital coin miners with space in a professional datacentre
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November 28, 2017
28
Nov'17
Fintech is increasing operational risk to banks
European Banking Association report reveals fear of greater operational risk because of increased take-up of fintech in financial services sector
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November 22, 2017
22
Nov'17
CIO interview: David Southern, director of ICT, WWF UK
In his 17 years in the IT department at the WWF, David Southern has seen many changes – and the advent of cloud computing is one of the biggest
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November 21, 2017
21
Nov'17
IR35 reforms: Economic concerns raised over prospect of private sector roll-out
With the government’s stance on rolling out the IR35 reforms to the private sector appearing to soften, IPSE and others air concerns over the threat this move could pose to the post-Brexit economy
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November 16, 2017
16
Nov'17
Post Office court case judge issues warning to legal teams
The high court judge managing the sub-postmasters versus Post Office legal case over an allegedly faulty computer system tells legal teams to cooperate
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November 09, 2017
09
Nov'17
TSB customers can use their faces to authenticate payments
Bank’s latest addition to its mobile apps is a facial recognition option for Apple iPhone X users
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November 06, 2017
06
Nov'17
Bank of Scotland testing out artificial intelligence on customer iPhone app
Bank of Scotland pilots artificial intelligence within its iPhone banking app.
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October 31, 2017
31
Oct'17
Image recognition system clears cheques in one day
All cheques paid in the UK will be cleared on the next working day once an image-based clearing system is fully rolled out
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October 30, 2017
30
Oct'17
Court dates set for Post Office accounting system trials
An end is in sight for sub-postmasters’ campaign against alleged wrongful prosecution, which they blame on a faulty computer system
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October 27, 2017
27
Oct'17
Nordea lays off 6,000, citing digital transformation as the driver
Nordea is cutting staff as a result of its ongoing digital transformation, which means it needs less people
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October 27, 2017
27
Oct'17
Carglass France feels benefit of employee knowledge sharing
Automobile glass repair company Carglass France is using knowledge-sharing technology to distribute expertise among 3,000 employees
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October 27, 2017
27
Oct'17
Airbus saves millions after building a digital learning library
Airbus has created a digital learning library that is helping more than 100,000 staff in 35 countries keep their skills updated
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October 24, 2017
24
Oct'17
Nordic finance watchdogs losing patience over anti-money laundering systems at banks
The financial services watchdogs have informed banks that they have to do more to improve anti-money laundering systems
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October 19, 2017
19
Oct'17
Post Office computer system legal case reaches important procedural juncture
Sub-postmasters group action against the Post Office reaches an important milestone
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October 02, 2017
02
Oct'17
OpenWorld 2017: Ellison declares autonomous database 'revolutionary'
Oracle’s Larry Ellison claims revolutionary cast for autonomous 18c database at the supplier’s 2017 OpenWorld conference in San Francisco
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September 27, 2017
27
Sep'17
RHB Bank rolls out chatbot for loan applications
The Malaysian lender hopes to improve the loan application experience and grow its personal loan business by 60% through a new chatbot
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September 20, 2017
20
Sep'17
Oracle announces simplified pricing model for cloud computing
Ahead of Oracle’s OpenWorld 2017 event, Larry Ellison announces simplification of cloud pricing, attached to increased automation in database and middleware
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September 15, 2017
15
Sep'17
Banks across Europe cut thousands of staff and branches as IT replaces them
Banks across Europe cut jobs and close thousands of branches as IT shakes the industry
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September 15, 2017
15
Sep'17
Oracle 2017-18 Q1 results: Cloud revenue jumps by 51%
Oracle’s first quarter 2017-18 results show jump in cloud revenue of 51%, boosted by NetSuite acquisition. Executives continue to be bullish on cloud growth, and the AI makeover of core database is flagged
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August 31, 2017
31
Aug'17
App-based challenger bank Starling enters next stage of its journey
Thousands of people are downloading Starling’s app every week as the bank builds its customer base
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August 30, 2017
30
Aug'17
Challenger bank Fidor reaches 200,000 customers
Fintech trailblazer Fidor now has more than 200,000 people using its banking services, but its CEO believes the fintech environment is getting tougher
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August 29, 2017
29
Aug'17
Danske Bank taps into the cognitive capabilities of IBM Watson
Danish bank is using IBM Watson as part of a major IT outsourcing deal