News

Financial applications

• May 09, 2018 09 May'18

  NatWest fintech investments bear fruit as SME loans platform goes live

  Online lending platform enables small businesses to apply for loans of up to £150,000 in 10 minutes

• May 09, 2018 09 May'18

  HSBC launches open banking app

  In line with open banking regulation, HSBC has launched an app that enables users to see accounts from 21 different banks in one place

• May 08, 2018 08 May'18

  TSB offers interest rate sweetener as IT issues continue at the bank

  TSB is offering customers higher interest rate to go towards making up for the problems its core banking system migration caused customers

• May 02, 2018 02 May'18

  Workday to continue investing heavily in APAC

  Cloud applications supplier has increased its investments in the region by more than 50% in the past year, and is looking to maintain its double-digit growth in international markets

• April 26, 2018 26 Apr'18

  British banks target Israeli security technology

  British banks are turning to Israel’s high-tech sector to protect against cyber attacks

• April 26, 2018 26 Apr'18

  TSB banking service tech problems continue

  TSB customers are still experiencing problems using online and mobile banking services after almost a week of disruption

• April 25, 2018 25 Apr'18

  TSB IT meltdown has the makings of an epic

  TSB’s very public IT problems will send shivers down the spine of IT teams at large banks that are yet to migrate to new core banking systems

• April 24, 2018 24 Apr'18

  Criminal Courts Review Commission findings in Post Office computer case raise further enquiries

  The Criminal Courts Review Commission forensic examination of the IT system at the centre of a legal case against the Post Office has raised further questions

• April 24, 2018 24 Apr'18

  SAP Q1 2018: Cloud revenue breaks €1bn, 400 more S/4 customers

  SAP’s overall first-quarter revenue was flat, but cloud revenue and profitability were up, while its S/4 Hana customer base stands at 8,300

• April 23, 2018 23 Apr'18

  The dawn of open banking in Australia

  Financial services firms will need to embrace DevOps and modernise their IT infrastructure to compete with more nimble fintech companies in an open banking regime

• April 17, 2018 17 Apr'18

  Artificial intelligence will help Metro Bank customers manage their money

  Service will use AI and predictive analytics to provide personalised prompts to help customers control their spending

• April 17, 2018 17 Apr'18

  Norway’s tax administration combats economic crime through IT

  Authority has updated its IT system to step up the fight against tax evasion

• April 16, 2018 16 Apr'18

  Santander uses Ripple technology to offer international payments

  Santander has launched an international fund transfer service for retail customers in the UK about two years after it started testing the blockchain-based application

• April 10, 2018 10 Apr'18

  PayPal is latest tech giant to eye traditional banking

  PayPal set to launch launch traditional retail banking services in the first half of this year

• April 09, 2018 09 Apr'18

  HSBC adopts fintech to fight money laundering

  HSBC is using technology from a fintech startup to help it monitor transactions for potential money laundering

• April 09, 2018 09 Apr'18

  Dubai's gamble on bitcoin property sales

  Dubai is pioneering the use of bitcoin in the real world, with the property sector leading the way

• April 06, 2018 06 Apr'18

  UK challenger bank gives up banking licence to focus on fintech

  CivilisedBank plans to serve small and medium-sized enterprises with savings and investment products

• April 05, 2018 05 Apr'18

  Deutsche Bank system replacement already paying back

  Deutsche bank is replacing a complex IT infrastructure that helps its traders operate and automates regulatory compliance processes

• March 22, 2018 22 Mar'18

  Colt pioneers blockchain in telco voice wholesaling

  Colt Technology Services and Hong Kong Telecom’s international unit PCCW Global teamed up to trial the use of blockchain in wholesale voice settlements

• March 22, 2018 22 Mar'18

  Fintechs weigh up their partnership options

  Fintechs need to consider what type of companies they should work with to make the most of open banking regulations

• March 22, 2018 22 Mar'18

  What would coders do in ethical grey areas?

  Software developers are writing code that affects the lives of millions of people and how businesses are run, but what do coders think about some of the ethical questions they face?

• March 21, 2018 21 Mar'18

  RBS said to be setting up its own digital bank

  Royal Bank of Scotland is reportedly setting up a standalone digital bank to take advantage of changing customer habits

• March 19, 2018 19 Mar'18

  First Direct enables customers to pay by Siri

  Customers of online bank First Direct can now use voice commands to transfer money through Apple’s digital assistant

• March 14, 2018 14 Mar'18

  Most people think cryptocurrency will be accepted on buses by 2025

  Cryptocurrency is a mystery to many people, yet 55% of respondents to a survey expect shops and buses to accept digital money in seven years’ time

• March 09, 2018 09 Mar'18

  Amazon bank could have 70 million customers in five years

  Amazon could have more banking customers in the US than the UK has citizens within five years

• March 08, 2018 08 Mar'18

  EC reveals plan to make Europe global fintech hub

  The European Commission has unveiled proposals to boost the EU’s financial technology sector

• March 07, 2018 07 Mar'18

  World Economic Forum creates fintech focus group for cyber security

  WEF consortium of companies will focus on protecting financial technology firms from cyber threats

• March 05, 2018 05 Mar'18

  How to improve SAP ROI with smart licensing

  A recent study suggested most SAP projects have a 50% chance of failure. The risk of having incorrect SAP licensing could be far higher

• March 01, 2018 01 Mar'18

  Are mobile wallets about to make contactless cards look outdated?

  Mobile wallets look set to take root as consumers increasingly use their mobile phones to pay for goods and services

• February 28, 2018 28 Feb'18

  Virgin Money launches digital bank

  Virgin Money is setting up a digital bank to expand into the current account and SME business account markets

• February 26, 2018 26 Feb'18

  NatWest opens four UK fintech hubs

  NatWest has expanded its financial technology support programme at a time when entrepreneurs are more apprehensive than ever

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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