News

Financial applications

• April 08, 2014 08 Apr'14

  Workday sees opportunity for cloud financial management in Europe

  Workday plans to push cloud finance and accounting services to enterprise in Europe, but observers say its background in HR technology may prove an obstacle

• April 03, 2014 03 Apr'14

  Competition from FinTech startups keeps big suppliers on their toes

  Big suppliers in the financial technology space are becoming more agile because of the competition from startup technology companies

• March 20, 2014 20 Mar'14

  Application support and maintenance costs increase 29%

  The cost of supporting and maintaining applications is increasing every year for Global 2000 companies in the US and UK, according to a study of 300 CIOs

• March 19, 2014 19 Mar'14

  Oracle finally sees revenue growth from hardware business

  Oracle has finally seen a boost from its server business, with hardware sales up 8% in its latest financial results

• February 07, 2014 07 Feb'14

  Met Police releases ‘Total Technology’ IT strategy

  The Metropolitan Police Service has released a three to four-year plan on how to transform the use of technology in the organisation

• February 04, 2014 04 Feb'14

  Satya Nadella replaces Steve Ballmer as Microsoft CEO

  Microsoft has named Satya Nadella as CEO almost six months after former incumbent Steve Ballmer announced his retirement

• January 28, 2014 28 Jan'14

  BBC failed to get "sufficient grip” over failed DMI project, says NAO

  The National Audit Office has slammed the BBC over its failed Digital Media Initiative (DMI), project saying the broadcaster was “too optimistic” and the BBC executive “did not have sufficient grip of the programme"

• January 21, 2014 21 Jan'14

  Allianz deploys Rumba to provide secure mainframe administration

  Insurer Allianz UK has deployed Rumba terminal emulator software from MicroFocus to provide a mainframe-based policy admin system

• January 14, 2014 14 Jan'14

  Post Office seeks contractors for network and back-office work

  The Post Office is looking for IT services firms to provide back-office IT applications and networking technologies in contracts worth hundreds of millions of pounds

• January 06, 2014 06 Jan'14

  Is cloud computing almost too good to be true for banks?

  The cloud’s most obvious benefits will enable banks to keep up with technology changes while reducing costs

• December 13, 2013 13 Dec'13

  Avon drops SAP big bang transformation

  Cosmetics giant Avon has halted its multi-year SAP rollout due to a poor return on investment.

• December 05, 2013 05 Dec'13

  700,000 benefit claimants miss out on Universal Credit deadline

  The secretary for work and pensions has admitted the Universal Credit benefit scheme will miss its 2017 deadline

• November 25, 2013 25 Nov'13

  150 subpostmasters file claims over 'faulty' Horizon accounting system

  About 150 subpostmasters have filed claims to the investigation into the allegedly faulty Post Office accounting system used by thousands of subpostmaters

• November 04, 2013 04 Nov'13

  Co-operative Bank’s future dependent on £500m IT investment

  Co-operative Bank has set aside £500m for four stage IT transformation as it attempts to stabilise after investors contribute to a £1.5bn rescue

• October 31, 2013 31 Oct'13

  Companies are not taking advantage of data analytics, research says

  Research by Bersin by Deloitte shows that 86% of businesses have yet to progress beyond using their HR data to generate basic reports

• October 30, 2013 30 Oct'13

  Former Lord Justice of Appeal Hooper joins Post Office Horizon investigation

  The Post Office's Horizon accounting IT inquiry appoints former Lord Justice of Appeal Anthony Hooper to chair mediation stage

• October 28, 2013 28 Oct'13

  End in sight for sub-postmaster claims against Post Office's Horizon accounting system

  Sub-postmasters' claims of errors made by the Horizon accounting system could be completed in three months

• October 24, 2013 24 Oct'13

  European Central Bank warns against last-minute Sepa migrations

  The European Central Bank warns firms that have left migration to the Single European Payments Area (Sepa) they could face problems

• October 01, 2013 01 Oct'13

  Ministry of Defence upgrades Oracle HR and payroll system

  The Service Personnel and Veterans Agency of the Ministry of Defence (MoD) has upgraded its Oracle HP and payroll system

• October 01, 2013 01 Oct'13

  UK trading sector faces challenges as US regulator prepare rules

  UK trading firms will have to makes their trading software more resilient to ensure they comply with the imminent regulations being put together by the US SEC

• September 09, 2013 09 Sep'13

  Lloyds website continuity hit as TSB launches

  Lloyds Banking Group websites, including the new standalone TSB, have been hit by problems on TSB launch day

• September 05, 2013 05 Sep'13

  Direct debit failures costly to businesses

  Businesses risk losing money and customers due to mistakes made when setting up direct debit and credit payments

• August 02, 2013 02 Aug'13

  Taylor Wimpey builds cloud forecasting process with Anaplan

  Homebuilder Taylor Wimpy teams up with Anaplan to ditch its old Excel suite and head for the cloud

• July 15, 2013 15 Jul'13

  Lower uptake of cloud, ICT limiting medium-sized enterprises' productivity: CEBR

  Medium-sized enterprises in the UK lagging behind large businesses in terms of productivity, because of lower adoption of ICT and cloud

• July 08, 2013 08 Jul'13

  Post Office Horizon system investigation reveals concerns

  Investigation into the allegedly faulty accounting system used by sub-postmasters has revealed serious concerns

• June 18, 2013 18 Jun'13

  Investigation into Post Office accounting system to drill down on strongest cases

  The investigation into the Post Office’s allegedly faulty accounting system will focus on a select few of the 47 claims

• June 11, 2013 11 Jun'13

  Lloyds customer complaints plummet after automating manual processes

  Lloyds is claiming dramatic improvements in the quality of its customer service after automating manual banking processes

• June 06, 2013 06 Jun'13

  Sports performance data analytics fuels Opta’s business expansion

  Football performance data could play a role in clubs’ scouting efforts, and even in footballer market evaluation, according to OptaSports Data

• May 10, 2013 10 May'13

  CIO Interview: Graeme Hackland, CIO, Lotus F1 Team

  Graeme Hackland, CIO of Lotus F1, has worked for the race car team for 16 years. He has seen major changes in IT both on and off the track

• May 02, 2013 02 May'13

  Report into Post Office Horizon system expected in July

  The findings of an independent investigation into the Post Office's Horizon accounting system are expected to be published in July

• April 30, 2013 30 Apr'13

  Progress made on Lloyds Bank's Project Verde segregation

  Lloyds Banking Group has reported good progress in its project to enable the systems for the new standalone TSB bank which will be sold off when complete

• April 10, 2013 10 Apr'13

  UK financial regulator FCA probes RBS IT failure

  The Financial Conduct Authority (FCA) probes an IT failure at Royal Bank of Scotland that also affected NatWest and Ulster Bank customers

• March 14, 2013 14 Mar'13

  CIO Interview: Matthew Oakeley, global IT head of Schroders

  Matthew Oakeley talks to Karl Flinders about his role as global IT head at investment management company Schroders

• March 07, 2013 07 Mar'13

  Hardware fault causes more RBS service outages

  RBS and NatWest customers experienced disruptions to online and telephone banking services after hardware fault.

• February 12, 2013 12 Feb'13

  Barclays bank cuts UK jobs

  Barclays will cut jobs in the UK as part of a total reduction of 3,700 staff after reporting a substantial drop in profits for the last 12 months

• February 04, 2013 04 Feb'13

  Reed jobs site chooses SAP Business ByDesign

  Reed.co.uk recruitment agency has chosen cloud-based SAP Business ByDesign as part of an overhaul of its business applications strategy

• January 23, 2013 23 Jan'13

  European bank IT investment lags US and Asia-Pacific equivalents

  Banks in Asia-Pacific and North America will increase their IT spending significantly more than those in Europe

• January 22, 2013 22 Jan'13

  Defra plans £80m agile CAP system

  The Department for the Environment, Food and Rural Affairs (Defra) is planning a single integrated £80m Common Agricultural Policy system

• January 16, 2013 16 Jan'13

  Post Office wants to get to bottom of IT system allegations

  A system that set out to modernise the Post Office in 1996 is under the spotlight after claims that Horizon accounting system is error prone

• January 14, 2013 14 Jan'13

  Post Office announces amnesty for Horizon evidence

  The Post Office is calling for evidence from people who have used the Horizon IT system which some have blamed for accounting discrepancies

• January 07, 2013 07 Jan'13

  Barclays' Linux programme not a snub to suppliers

  Barclays says it is not snubbing any supplier by developing a private cloud infrastructure and using Linux to cut software development costs by 90%.

• January 02, 2013 02 Jan'13

  Post Office admits that Horizon system needs more investigation

  Campaigners have forced the Post Office to look again at a computer system blamed for sub-postmasters being wrongly accused of false accounting

• November 26, 2012 26 Nov'12

  Ineffective computer system missed £1.4bn UBS fraud

  The £1.4bn losses caused by a rogue trader at UBS could have been avoided, according to the Financial Services Authority (FSA)

• November 26, 2012 26 Nov'12

  Competing firms jockey for position in mobile payments gold rush

  While mobile payments is still in its infancy, the promise of the rewards is substantial and competition for market dominance is gathering pace

• November 08, 2012 08 Nov'12

  Capgemini reduces consultancy charges

  Capgemini has lowered pricing in its consulting and local professional services businesses, according to its latest quarter results.

• November 06, 2012 06 Nov'12

  Universal Credit programme director Malcolm Whitehouse steps down

  Malcolm Whitehouse, programme director for the government's £2.2bn Universal Credit project, has stepped down

• November 02, 2012 02 Nov'12

  RBS pays customers extra £50m for IT failure

  The IT failure that struck Royal Bank of Scotland (RBS) in June will cost more than expected as customers are paid an extra £50m compensation

• October 03, 2012 03 Oct'12

  Case study: How WorldPay built its IT from scratch after RBS split

  Former RBS payment processing division WorldPay will reach a major IT milestone this month on its journey to stand on its own since it was sold in 2010