News

Financial applications

February 16, 2021 16 Feb'21
TransferGo to harness Google-inspired tech capability

Payments fintech TransferGo chooses cloud-native core banking platform to build a digital wallet and expand its services
February 16, 2021 16 Feb'21
Qatar regulator launches platform to monitor human understanding of financial crime

Qatari financial services regulator works with global body to provide digital platform to assess whether financial services workers understand how to prevent financial crime
February 08, 2021 08 Feb'21
Woolworths to invest more than A$50m in skills training

More than 60,000 Woolworths employees across store and e-commerce operations, supply chain network and support offices are expected to benefit from the new investment
February 03, 2021 03 Feb'21
Has Covid-19 made bank branch closures easier to sell?

Big banks continue to close branches and invest more in technology as the Covid-19 pandemic makes a case for digital banking

February 02, 2021 02 Feb'21
Nordic countries dominate European online banking take-up

Nordics dominate online banking take-up in Europe, but the UK is not far behind
January 28, 2021 28 Jan'21
JP Morgan Chase hires for UK digital bank launch

US banking giant hires in the UK in preparation for digital consumer bank launch
January 28, 2021 28 Jan'21
SAP launches ‘Rise’ business transformation as a service

SAP CEO Christian Klein announces business transformation as a service package, dubbed Rise
January 26, 2021 26 Jan'21
Customers turn to cash as IT issue hits card payments at major supermarkets

IT problem at payment processing company has forced shoppers to resort to cash in Morrisons and Co-op stores
January 20, 2021 20 Jan'21
More subpostmasters’ prosecutions sent to appeal for wrongful conviction

Four more subpostmasters are to have their appeals against criminal convictions heard in the appeal courts
January 20, 2021 20 Jan'21
IT scandal exposes legal rule that made it easy for Post Office to prosecute the innocent

Lawyers call for changes to digital evidence rule that made it easier for the Post Office to ‘bamboozle courts’ and make subpostmasters pay a heavy price for its IT failings

January 14, 2021 14 Jan'21
London received quarter of all European tech funding in 2020

Technology startups in London raised near-record levels of venture capital investment last year despite uncertainty related to Brexit and Covid-19
January 14, 2021 14 Jan'21
Numbers stack up for UK open banking three years on

Three years have passed since open banking regulations came into force and momentum is gathering
January 12, 2021 12 Jan'21
Retail giant Walmart to launch a fintech

Fintech will be geared towards offering the services Walmart’s customers and employees want
January 06, 2021 06 Jan'21
NHS trust says appointment processes robust despite criticism of role for Post Office scandal CEO

NHS trust defends its director appointment process following an external review of its recruitment of former Post Office CEO Paula Vennells
December 17, 2020 17 Dec'20
Post Office suffers latest court defeat in Horizon IT scandal

Court of Appeal indicates subpostmasters can pursue appeal route that could do more damage to Post Office’s reputation
December 14, 2020 14 Dec'20
Appointment of disgraced former Post Office executive at Welsh FA questioned by MP

The appointment of a former Post Office executive, who tried to mislead a judge, in the Football Association of Wales has been questioned by an MP
December 11, 2020 11 Dec'20
History made as subpostmasters wrongly prosecuted in Horizon IT scandal have convictions quashed

Six subpostmasters who were wrongly prosecuted for accounting shortfalls caused by computer errors have their convictions quashed after years of campaigning
December 11, 2020 11 Dec'20
Agility key to pandemic recovery, say APAC CFOs

Chief financial officers in the Asia-Pacific region call for financial transformation to bring about the agility that their organisations need to tide over the pandemic
December 07, 2020 07 Dec'20
Singapore government to boost blockchain adoption

Singapore government unveils S$12m programme to promote development and adoption of blockchain applications beyond financial services
December 03, 2020 03 Dec'20
Bank of England enlists development partner to unlock cloud

Bank has agreed a two-year deal with a cloud development platform provider as it seeks to take its cloud journey to the next level
December 01, 2020 01 Dec'20
Government covers its ears as complaint by victims of Post Office abuse heads to ombudsman

Government denies responsibility for the abuse inflicted on subpostmasters by the Post Office over faulty IT system
November 26, 2020 26 Nov'20
Robots taking jobs, but creating careers

Robotic process automation developers tell Computer Weekly about the job they never expected to be doing
November 24, 2020 24 Nov'20
Post Office accused of lying and being in contempt of Parliament in IT scandal

Campaigning politician demands access to documents that could prove that the Post Office lied
November 23, 2020 23 Nov'20
Subpostmasters want £300m from a government that allowed Post Office ‘reign of terror’

The government allowed the Post Office to “run amok” and destroy lives, says complaint to Parliamentary Ombudsman
November 19, 2020 19 Nov'20
Fujitsu staff under investigation for potential perjury in Post Office IT trial named

Court documents reveal the names of the Fujitsu employees under investigation for potentially providing misleading information in criminal trials
November 17, 2020 17 Nov'20
Automated image recognition: How using ‘free’ photos on the internet can lead to lawsuits and fines

Germany-based photographer Marco Verch uses computer scripts to populate the internet with topical images and photographs. People and companies who make mistakes in following the complex licensing terms of his ‘free to share and adapt’ photographs ...
November 17, 2020 17 Nov'20
Botched software update to blame for Post Office Horizon crash

Post Office says planned firmware update caused the problem that left branches unable to do business for 90 minutes
November 16, 2020 16 Nov'20
Post Office explanation of IT system outage so vague it is ‘pointless’

Post Office criticised over vagueness of its explanation of the cause of a UK-wide IT failure that saw subpostmasters unable to do business
November 13, 2020 13 Nov'20
Police open criminal investigation into potential perjury by Fujitsu staff in Post Office IT trials

Current and former Fujitsu staff could face prosecution for giving false evidence in the trials of subpostmasters accused of theft and false accounting
November 11, 2020 11 Nov'20
What businesses can learn from GovTech’s digital strategy

Modernising its infrastructure and putting digital at its core has given Singapore’s Government Technology Agency the agility it needs to respond to the Covid-19 pandemic
November 11, 2020 11 Nov'20
Norway has lowest physical cash use in the world, says report

Norway claims to use less cash as a proportion of total spending than any other country across the globe, according to a study by its central bank
November 10, 2020 10 Nov'20
Deutsche Bank to sell retail banking IT unit to TCS for €1

Deutsche Bank has agreed to sell its retail banking IT operation to one of its main IT suppliers for a token €1
November 06, 2020 06 Nov'20
Finger pointed at Fujitsu as Post Office Horizon system crashes nationally

Post Office branches offline during busy business hours after suffering an IT error that the Post Office said related to IT from supplier Fujitsu
November 03, 2020 03 Nov'20
Subpostmasters’ complaint about government begins its journey to Parliamentary Ombudsman

Government faces scrutiny of its handling of the Post Office IT scandal that destroyed subpostmasters’ lives and livelihoods
October 27, 2020 27 Oct'20
SAP Q3 2020 results: revenue down 4%, cloud silver lining hailed

SAP’s third quarter 2020 results stated a 4% year-on-year reduction in revenue, with an 11% increase in cloud revenue lightening the gloom
October 23, 2020 23 Oct'20
NHS trust takes another look at its appointment of IT scandal CEO

Imperial College Healthcare NHS Foundation Trust has asked for external review of its process when appointing controversial executive
October 22, 2020 22 Oct'20
ANZ Bank moves digital banking services to container platform

Australia’s largest bank now runs 30% of its internet banking services on Red Hat OpenShift in a move that has energised developers and paved the way for more automation
October 21, 2020 21 Oct'20
Financial services staff want work-from-home policies to continue after Covid

About half of workers in the finance sector want their employers to retain remote working policies brought in during the pandemic
October 20, 2020 20 Oct'20
Labour shares concerns over ‘whitewash’ Horizon IT inquiry

Labour MPs write to postal affairs minister expressing fears that the inquiry into the Horizon IT scandal does not guarantee cooperation from the Post Office, Fujitsu and government
October 15, 2020 15 Oct'20
Post Office races to solve IT error under gaze of public and banks

The Post Office is focusing urgently on fixing an IT error suffered by a subpostmaster amid the ongoing IT scandal
October 14, 2020 14 Oct'20
NHS England issues integrated cloud ERP procurement advice call

NHS England is calling on software suppliers for advice concerning the feasibility of moving and integrating its ERP systems in cloud infrastructure
October 13, 2020 13 Oct'20
Government minister’s plea for subpostmasters to take part in review of IT scandal rejected

Government minister met with former subpostmaster online in an attempt to get victims of the Post Office Horizon scandal involved in government review
October 08, 2020 08 Oct'20
Care Quality Commission enquiries into IT scandal CEO continue

NHS regulator continues enquiries about the appointment of former Post Office CEO at Imperial College Healthcare NHS Trust as more damning details emerge
October 08, 2020 08 Oct'20
Accenture acquires NZ firm to bolster SAP practice

Accenture’s acquisition of Zag comes amid growing demand for expertise in S/4 Hana migrations in Australia and New Zealand
October 06, 2020 06 Oct'20
Government deaf to loud calls for statutory public inquiry into Post Office scandal

MPs are demanding the government holds a full statutory public inquiry into the Post Office IT scandal
October 02, 2020 02 Oct'20
Justice for subpostmasters as wrongful criminal convictions are set to be quashed

The Post Office has chosen not to contest 44 out of 47 appeals, meaning most are likely to have their names cleared, but others still face a Court of Appeal battle for justice
September 29, 2020 29 Sep'20
Over two million Brits using open banking

Data shows more than two million people in the UK are now taking control of their financial data through open banking
September 29, 2020 29 Sep'20
Subpostmasters still in the dark about live Horizon errors

Subpostmasters still not being told about all the known errors in the controversial Post Office branch accounting and retail system that they use
September 29, 2020 29 Sep'20
Universal Credit algorithm fails people in need, says Human Rights Watch

The human rights charity says the government’s flagship benefits system is “flawed” and that the means-testing algorithm used causes “irrational fluctuations and reductions in how much benefit” claimants receive each month
September 24, 2020 24 Sep'20
Can banks solve money laundering puzzle through technology?

Banks face a huge challenge in identifying and stopping money laundering without interfering with police investigations
September 21, 2020 21 Sep'20
DBS taps AI and data analytics in intelligent banking move

Singaporean bank has started using artificial intelligence and analytics to provide customers with hyper-personalised insights and recommendations, to win more market share
September 11, 2020 11 Sep'20
Santander to double investment in fintechs

Santander is doubling the amount of money it invests in fintech startups after the success of its funding arm, which was established in 2014
September 09, 2020 09 Sep'20
London councils to share technology procurement platform

A new technology procurement platform will help all 33 local councils in London diversify their IT supplier portfolios
September 08, 2020 08 Sep'20
Post Office Horizon IT scandal victims face further battles as government digs heels in

The government repeats that it won’t pay victims’ legal costs and confirms review into the scandal will not have the power to call witnesses
September 03, 2020 03 Sep'20
Insurers accept they were slow to adopt digital

Insurance companies know they must prioritise digital investment and are planning in-house development to help make up lost ground
August 07, 2020 07 Aug'20
Cyber attack combined with Covid-19 puts Travelex into administration

Foreign exchange firm Travelex has cut UK staff by 1,300 and physical outlets will remain closed
August 07, 2020 07 Aug'20
Challenger bank sees huge growth during pandemic

Starling Bank has seen a big increase in its business amid the Covid-19 slowdown
August 04, 2020 04 Aug'20
Google links with eight US banks for current accounts

Tech giant works with banks to layer digital services on top of secure and regulated banking infrastructures
August 04, 2020 04 Aug'20
Nordic enterprises look for SAP price reductions as they navigate Covid-19

Businesses in the Nordics are using SAP Cloud Platform to address Covid-19 challenges and are also seeking price reductions
August 03, 2020 03 Aug'20
Private equity leads Nordic IT sector consolidation

Private equity firms and industrial giants are triggering mergers and acquisitions in the Nordic tech sector as investment slows amid the Covid-19 pandemic
July 30, 2020 30 Jul'20
Accenture selected for key role in Bank of England core settlement system replacement

Accenture will be technology delivery partner in project to replace the core system used to settle payments between banks
July 28, 2020 28 Jul'20
UK government aims fintech industry at Africa

UK government is building fintech relationships with developing countries, beginning with a pilot programme in Africa
July 23, 2020 23 Jul'20
APAC firms in early stages of digital transformation

More than three-quarters of APAC firms struggle to revise their financial plans amid the Covid-19 pandemic, with many still lacking agile systems and processes, a new study finds
July 22, 2020 22 Jul'20
BNP Paribas joins IBM financial services cloud project

IBM’s financial services cloud is gathering steam as more banks join its public cloud ecosystem of finance firms and developers
July 16, 2020 16 Jul'20
Banks face fairness challenges as they commit to AI technology

Banks working with artificial intelligence technology face governance challenges to ensure AI-based decisions are fair and ethical
July 15, 2020 15 Jul'20
HSBC chooses AWS for public cloud business operations

HSBC will use a cloud platform from Amazon Web Services across its business operations to accelerate its public cloud use
July 15, 2020 15 Jul'20
Singapore’s Project Ubin hits commercialisation milestone

A blockchain payments network prototype spearheaded by Singapore’s central bank and its partners could speed up and lower the cost of cross-border payments
July 14, 2020 14 Jul'20
Subpostmasters hit funding target to prevent government from burying IT scandal

The government is set to face scrutiny over its involvement in the Post Office Horizon IT scandal, described as one of the biggest miscarriages of justice in modern UK history
July 13, 2020 13 Jul'20
How SingEx is bracing itself for disruption

Singapore’s SingEx started its digital transformation journey a few years ago and has already pivoted its approach to cope with new challenges brought on by the Covid-19 pandemic
July 09, 2020 09 Jul'20
Tencent Cloud teams up with ADBC on banking services

Singapore’s Asia Digital Bank Corporation could leverage Tencent Cloud’s financial cloud platform to provide banking services to small businesses
June 29, 2020 29 Jun'20
MPs to examine fairness of private prosecutions in light of Post Office IT scandal

Parliamentary Justice Committee to hold short inquiry into the rules and regulations surrounding private organisations’ ability to initiate criminal proceedings
June 25, 2020 25 Jun'20
Former Post Office CEO and Fujitsu play the blame game in Horizon IT scandal

Post Office and Fujitsu blame each other for many of the failings in the Horizon IT scandal that wrecked lives
June 24, 2020 24 Jun'20
Firm that investigated controversial Post Office IT system to support criminal conviction appeals

Second Sight is working with law firm in appeals by subpostmasters against criminal convictions in Horizon IT scandal
June 22, 2020 22 Jun'20
Care Quality Commission to discuss concerns over Paula Vennells’ NHS role

Healthcare regulator will be discussing concerns about former NHS boss chairing an NHS trust at an upcoming meeting
June 19, 2020 19 Jun'20
Post Office Horizon scandal victims keep pressure on government’s doorstep

Subpostmasters fighting for justice in IT scandal are pressuring government on numerous fronts, as momentum is regained after reduced activity due to Covid-19 lockdown
June 16, 2020 16 Jun'20
Danske Bank begins process of creating autonomous development teams

Danish bank begins the process of changing how thousands of its staff work as it attempts to be more responsive to digital demand
June 16, 2020 16 Jun'20
Sapphire 2020: Christian Klein steps back from products to push ‘intelligent enterprise’ resilience

Christian Klein used his first Sapphire keynote as CEO of SAP to underline the supplier’s support for supply chain resiliency and automation against Covid-19 pandemic and climate change backcloths
June 11, 2020 11 Jun'20
Anger as government launches ‘pathetic’ and ‘pointless’ review of Horizon scandal

The government has been accused of launching a review that fails in getting to the bottom of one of the biggest miscarriages of justice in UK history
June 09, 2020 09 Jun'20
How Malaysia’s Gain Secure stood tall amid Covid-19

Walter Wong, executive director of Gain Secure and former Microsoft employee, talks up how his business is coping during Malaysia’s lockdown
June 05, 2020 05 Jun'20
Businesses develop apps quickly to manage disruption of Covid-19

Healthcare companies, insurers, government agencies and big tech companies have used technology from Pegasystems to develop apps to manage the disruption caused by coronavirus
June 04, 2020 04 Jun'20
MPs' investigation into Post Office Horizon IT scandal bares teeth

Select committee chair writes to former Post Office CEO demanding answers over her role in IT scandal
June 03, 2020 03 Jun'20
CCRC sends 47 subpostmaster miscarriages of justice for appeal, asks for prosecution powers review

The Criminal Cases Review Commission sends 47 more subpostmaster cases to Court of Appeal and asks government to review private prosecution powers
June 02, 2020 02 Jun'20
Subpostmasters to force scrutiny of government’s role in Post Office IT scandal

The government's role in the Post Office Horizon IT scandal could soon be put under the microscope as subpostmasters take their complaints to the Parliamentary Ombudsman
May 29, 2020 29 May'20
UK fintech investment reaches record high

Huge increases in UK fintech investment over the past three years has seen the sector explode, but most of the activity is still concentrated in London
May 27, 2020 27 May'20
Subpostmasters crowdfund for justice in IT scandal

Campaign group calls for public support to help potential victims of Post Office Horizon IT scandal
May 26, 2020 26 May'20
900 more criminal prosecutions of subpostmasters could be unsafe because of IT failures

Post Office re-examines hundreds of prosecutions that could have resulted from faults in Horizon IT system
May 20, 2020 20 May'20
Coronavirus: Bahrain sees fintech take-up surge amid Covid-19 crisis

Covid-19 has spurred the use of financial technology in Bahrain, which could boost the industry in the country and wider Gulf region
May 19, 2020 19 May'20
Post Office executive who tried to mislead judge in Horizon trial leaves via back door

Angela van den Bogerd leaves position as Post Office director quietly, despite many years of service
May 12, 2020 12 May'20
Australia’s Kmart gears up for mainframe migration

Retailer is lifting and shifting some old Cobol code to AWS while rebuilding others into microservices in its mainframe migration move
May 11, 2020 11 May'20
How Sage scrambled software development team for Job Retention Scheme module

Small team of Sage developers, testers and payroll specialists in race against time to help customers facilitate HMRC’s furlough scheme
May 11, 2020 11 May'20
Micro Focus sees growth in mainframe migration business

Lifting and shifting Cobol code from mainframes to public cloud has been a growth driver for Micro Focus in the Asia-Pacific region, even as the software supplier continues to diversify its business
May 06, 2020 06 May'20
Cash use to go below 5% of total spending in Middle East

Banks expect a rapid reduction of the use of cash in the region
May 05, 2020 05 May'20
Coronavirus: TSB develops smart agent to help staff during pandemic

TSB took just five days to design and implement a smart digital agent to answer customer questions during the Covid-19 pandemic
May 01, 2020 01 May'20
Subpostmasters receive their ‘inadequate’ damages over Horizon IT scandal

Subpostmasters who had their lives ruined by the Post Office’s faulty IT system have received their damages after a High Court victory
April 28, 2020 28 Apr'20
Met Police assessing evidence of potential perjury in Post Office IT trials

Force examines information about evidence given in court by Fujitsu staff on the Horizon IT system before deciding whether to investigate further
April 15, 2020 15 Apr'20
Coronavirus: Lloyds Bank to give thousands of tablet devices to over-70s

Banking group is giving away tablets and basic digital training to help vulnerable customers stay connected during the UK’s Covid-19 lockdown
April 08, 2020 08 Apr'20
What next for subpostmasters’ miscarriage of justice appeals?

Computer Weekly looks at the next stages in the process to clear the names of subpostmasters wrongly prosecuted for the crimes of theft and false accounting
March 27, 2020 27 Mar'20
How subpostmasters made legal history with biggest referral of potential miscarriages of justice

Subpostmasters seeking redress of prosecutions at the hands of an IT system force the biggest ever UK referral of cases of potential miscarriages of justice to the Court of Appeal
March 26, 2020 26 Mar'20
Subpostmaster prosecutions to be considered by Court of Appeal for miscarriages of justice

The Criminal Cases Review Commission is referring 39 subpostmaster prosecutions to the Court of Appeal to review for possible miscarriages of justice, with further analysis on 22 more cases ongoing
March 25, 2020 25 Mar'20
Meeting reviewing subpostmaster applications to appeal criminal prosecutions moves into second day

The Criminal Cases Review Commission has extended a meeting considering subpostmaster applications to appeal criminal convictions resulting from a faulty Post Office IT system