News

Financial applications

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
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
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
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

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
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
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
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Businesses losing out on early payment discounts due to outdated software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
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
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

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
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
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
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
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
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
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
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
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
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
January 24, 2019 24 Jan'19
Santander announces latest branch closures as digital channels take over

Bank to close 140 more UK branches as in-branch transactions fall and digital banking accelerates
January 22, 2019 22 Jan'19
Mastercard fined over half a billion euros for unfair payment fees

Mastercard has been heavily fined for having rules on interchange fees which distorted the EU single market
January 15, 2019 15 Jan'19
Thousands of known errors on controversial Post Office computer system to be revealed

Known errors log concerning Horizon IT system set to be announced during second High Court trial in subpostmasters’ long-running dispute with Post Office over financial losses
January 02, 2019 02 Jan'19
How e-signatures fix broken digitisation

A big barrier to the end-to-end digitisation of business processes is that certain steps require paper – but DocuSign plans to fix this
January 02, 2019 02 Jan'19
Subpostmasters suing Post Office over IT failures stunned by CEO’s honour

Subpostmasters’ campaign group attacks Post Office CEO Paula Vennells’ New Year honour amid ongoing court case
December 20, 2018 20 Dec'18
Top 10 financial services stories of 2018

Here are Computer Weekly's top 10 financial services stories of 2018
December 17, 2018 17 Dec'18
Financial services giant transforms application delivery through HCL

Dutch financial services firm Aegon is outsourcing the management of its fintech supplier network
December 13, 2018 13 Dec'18
Chief technology officers in high demand in finance sector

Financial services firms need to hire experienced chief technology officers as the sector is transformed through fintech
December 07, 2018 07 Dec'18
Court orders Post Office to explain inability to access encrypted file

Post Office unable to open encrypted recording of an interview that forms part of its evidence in High Court case
December 07, 2018 07 Dec'18
Complex Post Office Horizon case set to continue into 2020

Court case where subpostmasters are suing the Post Office set to span at least four trials and extend into 2020
December 04, 2018 04 Dec'18
Zopa gains banking licence and prepares launch

Peer-to-peer lending pioneer Zopa is turning its attention to retail banking in the UK, with plans to offer savings, credit and money management products
December 04, 2018 04 Dec'18
Barclays staff to transfer to HCL as IT deal is expanded

Bank announces closure of operation in Lithuania, with employees transferring to IT services company HCL
December 04, 2018 04 Dec'18
Lloyds to use core banking technology from Google-inspired UK fintech

Banking group explores cloud-based core banking technology as part of a major transformation programme
November 30, 2018 30 Nov'18
CCRC may hold off subpostmaster decision until after Post Office Horizon trial

The Criminal Courts Review Commission is deciding whether to delay its decision on subpostmasters’ claims of wrongful prosecution until after a related court case
November 28, 2018 28 Nov'18
Challenger bank signs up Google-inspired platform

Cloud-based platform offers functionality around smart contracts and a workflow engine for bank processes
November 28, 2018 28 Nov'18
FCA deeply concerned as no end in sight for IT failures in banking

The FCA has reported a massive increase in the number of banking IT failures in the UK and admitted there is no end in sight
November 28, 2018 28 Nov'18
UK competition watchdog concerned with PayPal’s fintech acquisition

Competition and Markets Authority fears $2.2bn deal could reduce competition for payment services in the UK
November 27, 2018 27 Nov'18
Treasury Committee launches inquiry into bank IT failures

With IT outages in the financial sector a regular occurrence, the Treasury Committee is investigating the causes and consequences of these failures, and what industry and regulators are doing to promote resilience
November 27, 2018 27 Nov'18
High Court trial over Horizon computer system completes witness cross-examinations

The High Court trial in which subpostmasters are suing the Post Office has reached an important stage
November 21, 2018 21 Nov'18
Post Office held back information about Horizon IT system errors

Post Office director admits to Horizon errors and not sharing details with subpostmaster network
November 16, 2018 16 Nov'18
Post Office executives cross-examined in Horizon IT system trial

A High Court trial, where subpostmasters are suing the Post Office for damages caused by an allegedly faulty IT system, ended its second week.
November 15, 2018 15 Nov'18
The Gym Group flexes its muscles with data analytics

No-frills fitness company The Gym Group is using analytics technology to find insights from its financial, HR and membership data, as it limbers up for rapid expansion in the UK
November 14, 2018 14 Nov'18
NetSuite finds sweet spot in Asia

With a fast-growing economy and government programmes to drive digital transformation, Asia is proving to be fertile ground for the cloud ERP pioneer
November 13, 2018 13 Nov'18
Sweden’s central bank to test digital currency

Riksbank e-krona initiative follows government plan for a cashless society by 2030
November 13, 2018 13 Nov'18
Post Office trial throws up known problem with Horizon system

High Court case in which subpostmasters are suing the Post Office has revealed a known problem with the computer system at the core of the dispute
November 12, 2018 12 Nov'18
Singapore’s Redmart finds speed and agility with cloud ERP

Online grocer has slashed the time it takes to close the books from more than a week to just three days with Oracle’s cloud-based financial application
November 09, 2018 09 Nov'18
High court Post Office trial puts subpostmasters’ contract under microscope

Case against Post Office in relation to allegedly faulty computer system begins in High Court
November 05, 2018 05 Nov'18
Deutsche Bank to create cloud-based digital cheque processing system

German banking giant Deutsche Bank will replace manual and paper-intensive cheque processing methods with an automated system in the cloud
November 01, 2018 01 Nov'18
SAP’s Atzberger vaunts front to back office capability

Alex Atzberger, president, SAP Customer Experience, recently went through the company’s customer-focused software strategy with Computer Weekly
November 01, 2018 01 Nov'18
How Bahrain plans to become a regional fintech hub

Bahrain is a small island with big plans for its financial technology industry