News

Financial applications

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.
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
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
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

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
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
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
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
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
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

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
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
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
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
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
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
August 22, 2017 22 Aug'17
Blockchain skills in high demand and jobs being swept up quickly

Job vacancies for people with blockchain skills are being filled in just seven days, on average, once they are advertised online
August 21, 2017 21 Aug'17
HSBC streamlines mortgages with Capita software

Bank is using software to improve its mortgage application processes and subsequently increase business through brokers
August 17, 2017 17 Aug'17
Barclays ring-fencing project means downtime for customers

Many Barclays services will be unavailable this weekend as part of the bank's project to separate retail and investment operations
August 16, 2017 16 Aug'17
A decade of IT change since banking meltdown

With 10 years passing since Northern Rock had to be bailed out by the government, we look at how banking IT has changed since the financial crisis
August 11, 2017 11 Aug'17
BBVA tops Forrester mobile bank app chart

Spanish bank BBVA has the best mobile banking app in the world, according to Forrester Research
August 11, 2017 11 Aug'17
HSBC uses IBM to automate the processing of 100 million document pages

In another instance of banks adopting automation to lower costs and drive productivity, HSBC uses IBM analytics technology to cut down on its paper trail
August 07, 2017 07 Aug'17
TSG 1899 Hoffenheim gets 'faster in the head' with SAP analytics

TSG 1899 Hoffenheim has been using SAP’s Hana database and applications to speed up players mentally, as well as using SAP Hybris to sell shirts
August 02, 2017 02 Aug'17
Fruit firm W B Chambers uses IFS suite to grow business

W B Chambers, a Kentish fruit farm, has chosen IFS to support its business growth and to guard against the labour pool uncertainties of Brexit
July 20, 2017 20 Jul'17
TSB to introduce iris scan authentication in September 2017

TSB customers will soon be able to access their mobile bank accounts through iris scanning, which is regarded as the most secure biometric authentication available
July 19, 2017 19 Jul'17
London Stock Exchange uses IBM blockchain technology

The London Stock Exchange is testing out IBM's blockchain technology in a platform to help SME operations become more transparent
July 17, 2017 17 Jul'17
Post Office defence in computer system legal case due this week

The Post Office will this week present its defence against allegations brought by subpostmasters in a group legal action
July 13, 2017 13 Jul'17
HPE and CSC merger wins confidence of Zurich

Zurich Insurance has demonstrated confidence in CSC's merger with HPE through a contract extension
July 13, 2017 13 Jul'17
Visa encourages US businesses to go cashless with £500,000 in hard cash

Card giant offers small US businesses financial support to upgrade their payments technology if they agree to abandon cash
July 10, 2017 10 Jul'17
Experian admits mobile and online issues after system upgrade

Some customers of credit referencing company are having problems accessing a service they pay for following an IT upgrade and large customer migration to a new system
June 29, 2017 29 Jun'17
App-based banking continues its ascent in the UK

The number of people banking from their mobile phones is increasing as more services are made available through the channel
June 21, 2017 21 Jun'17
The human apprentices behind robotic automation

IT apprentices are helping large businesses transform their back-office processes through software robots
June 16, 2017 16 Jun'17
Greggs bakes in business change programme with SAP

UK baker and food-to-go retailer says it has significantly advanced its business change programme with a full panoply of SAP software
June 14, 2017 14 Jun'17
Microchips implanted in hands could be in use for payments in 20 years

UK consumers are becoming more accepting that biometric authentication will become the norm for payments
June 14, 2017 14 Jun'17
HR technology essential to cutting-edge customer service, say big businesses

If you can’t get your internal HR systems right, the business will suffer – Jaguar Land Rover, Lufthansa and Russia’s Sberbank explain why
June 09, 2017 09 Jun'17
Patent group prepares for tough data protection laws by moving HR to the cloud

CPA Global to replace ERP-based HR system as it gears up to comply with the General Data Protection Regulation
June 07, 2017 07 Jun'17
Challenger bank technology arm hires former ABN Amro IT executive as CIO

Bank and banking technology supplier Fidor hires an experienced banking CIO to support its international expansion
May 31, 2017 31 May'17
Hundreds of sub-postmasters have applied to join IT-related legal action since March

The number of sub-postmasters who claim to have suffered as a result of a faulty Post Office IT system has reached 1,300
May 30, 2017 30 May'17
Taiwan’s OwlTing taps blockchain to improve food safety

The e-commerce company is using blockchain technology to provide consumers with greater transparency on food sources and production processes
May 24, 2017 24 May'17
Dubai financial services regulator launches temporary licence aimed at fintechs

Dubai is making it easier for financial technology companies to test out their ideas through a temporary licence
May 24, 2017 24 May'17
SAP aligns with Saudi Arabia’s IT transformation agenda

Global software giant SAP sees an opportunity for its wide portfolio in Saudi Arabia as the Middle Eastern country transforms
May 16, 2017 16 May'17
Customer experience transformation at Macquarie bank brings legacy system retirement as a bonus

Australia’s Macquarie bank builds a data layer on top of legacy IT systems to transform customer experience
May 10, 2017 10 May'17
Blockchain economy on the horizon

Blockchain technologies will enable many new and disruptive business models than the internet itself, an expert predicts
April 25, 2017 25 Apr'17
UK trade department in New York to promote fintech firms

Group of financial technology firms taken to New York to show off their knowledge of regulatory compliance software
April 24, 2017 24 Apr'17
Criminal Courts Review Commission appoints forensic accountants for Post Office IT system cases

Investigation into claims of miscarriages of justice in relation to a Post Office accounting system has appointed a forensic accountant firm
April 20, 2017 20 Apr'17
Mastercard integrates biometric technology into cards

MasterCard tests out biometric technology embedded into payment cards, with further trials in Europe planned
April 20, 2017 20 Apr'17
Banks suffer average of 85 attempted serious cyber attacks a year, and one-third are successful

Banks face daily cyber attacks, many of which succeed in stealing data, research finds
April 20, 2017 20 Apr'17
InterContinental Hotel Group reveals extent of malware attack

Hotel group InterContinental (IHG) reveals that malware attempting to glean payment card details sat undetected on its network in the US for three months
April 12, 2017 12 Apr'17
Chatbots, Fitbits and AI: IT suppliers identify the top trends in HR technology

Businesses are using Fitbits, artificial intelligence and chatbots to improve working life as competition increases to recruit talented ‘millennials’
April 06, 2017 06 Apr'17
Research fires warning at banks over branch closures

Traditional retail banks cannot rely on customer loyalty if service levels drop as a result of branch closures and staff cuts