News

Financial applications

• November 15, 2024 15 Nov'24

  Post Office to decide on Horizon before April, Fujitsu board considers final contract extension

  Chief transformation officer tells Computer Weekly about ongoing work on replacing controversial Post Office Horizon system and extending contract with Fujitsu

• November 12, 2024 12 Nov'24

  Post Office requested four-year Horizon extension, as Fujitsu boss arrived at public inquiry

  Fujitsu boss says the Horizon system has reached the end of its life and a long contract extension might not be possible

• November 12, 2024 12 Nov'24

  How quantum computing could reshape financial services

  Experts at the Singapore FinTech Festival predict quantum computing will improve risk management, investment strategies and fraud detection in the financial sector, while also posing new challenges for data security

• November 11, 2024 11 Nov'24

  Post Office scandal not caused by software errors, says combative Fujitsu boss

  During a sometimes heated appearance at the public inquiry, Fujitsu’s European boss Paul Patterson said the inquiry has shed light on who is to blame for the scandal

• November 08, 2024 08 Nov'24

  Government announces Green Paper on future of scandal-ridden Post Office

  Consultation process will enable a wide range of people to air their views on the future of the scandal-hit Post Office

• November 07, 2024 07 Nov'24

  Post Office wrongly used public funds to pay for legal battle

  Senior civil servant’s appearance at public inquiry reveals Post Office broke spending rules when it diverted money to legal battle

• November 06, 2024 06 Nov'24

  Post Office was reluctant to cut costs despite 143 central staff earning more than £100k

  Former Post Office minister told public inquiry that Post Office boss did not want to cut central costs, despite how many staff were earning more than £100k

• November 01, 2024 01 Nov'24

  Bank of England warns against AI ‘complacency’

  UK financial services regulator wants to increase understanding of AI’s benefits and how firms are managing the risks it poses, as take-up grows and use cases increase

• October 31, 2024 31 Oct'24

  Fujitsu boss to face tough reappearance at Post Office inquiry, following inaction and sidestepping

  Fujitsu’s European boss will have to justify why promises made at the public inquiry months ago have not been followed through

• October 30, 2024 30 Oct'24

  No simple replacement for digital evidence rules, says Post Office Horizon trial judge

  Judge in Post Office Horizon trial says a more flexible approach to how digital evidence is used in court cases may be required as IT complexity increases

• October 29, 2024 29 Oct'24

  Tata Consultancy Services to deliver Irish pension scheme

  Indian IT services giant adds to its growing customer base in the pensions sector with Irish contract win

• October 28, 2024 28 Oct'24

  Who is the subject of the Post Office’s Project Tiger investigation?

  The Post Office is listening to a campaigner’s complaints almost a decade after ignoring his more serious accusations and warnings

• October 24, 2024 24 Oct'24

  Government ‘urged’ to overturn all convictions based on Post Office Capture

  Influential group has written to the government calling for legislation to overturn the criminal convictions of former subpostmasters that were based on Capture system data

• October 24, 2024 24 Oct'24

  Prudential taps AI to improve health insurance experience

  Insurance giant Prudential teams up with Google Cloud to streamline claims processing, personalise healthcare journeys and improve health outcomes

• October 24, 2024 24 Oct'24

  Warning shots fired as former subpostmasters have ‘useful’ meeting with Post Office CEO

  Acting CEO meets two campaigning former subpostmasters emphasising need for their input into the Post Office’s future direction, including its branch system development

• October 23, 2024 23 Oct'24

  Federation requests government investigation into third Post Office branch system

  Following public anger over the Horizon scandal and the subsequent unravelling of the controversial Capture system, subpostmaster federation wants third branch IT system to be reviewed

• October 22, 2024 22 Oct'24

  Change to rules on computer evidence will be an ‘outcome’ of Post Office scandal

  The executive currently heading up the Post Office’s investigations department has told public inquiry that rules on computer evidence have to change

• October 22, 2024 22 Oct'24

  Former Post Office IT boss alleged to have misrepresented alternative to in-house build

  Internal Post Office document reveals allegations that former transformation boss misrepresented off-the-shelf option to replace Horizon

• October 21, 2024 21 Oct'24

  Review of late evidence doesn’t change Post Office Capture system report

  Conclusions reached in government-commissioned report into pre-Horizon software are unchanged after late evidence reviewed

• October 16, 2024 16 Oct'24

  Former police officer heading Post Office operations did nothing to help innocent subpostmasters

  Former chief operating officer did nothing when action could have put a stop to the Post Office wrongful prosecutions

• October 11, 2024 11 Oct'24

  Post Office believes it took £36m from subpostmasters with unexplained losses

  The Post Office wrongly blamed subpostmasters for unexplained account shortfalls and made them cover losses out of their own pockets - then banked the money itself

• October 11, 2024 11 Oct'24

  Post Office set to axe in-house-developed New Branch IT software

  Troubled business may ditch its plan to build a new core branch system in-house and buy an off-the-shelf alternative

• October 07, 2024 07 Oct'24

  Post Office boss Nick Read ‘inadequate, greedy and self-interested’, whistleblowers tell inquiry

  Outgoing Post Office boss Nick Read faces public inquiry for three days this week, with no shortage of questions to answer

• October 06, 2024 06 Oct'24

  Whistleblowers call out ongoing cover-up by Post Office CEO in explosive letter

  A letter from Post Office staff to MPs, statutory inquiry chair Wyn Williams and the Post Office chairman demands their intervention and an investigation into the organisation's leadership

• October 04, 2024 04 Oct'24

  Late evidence in Post Office Capture investigation could not be reviewed

  Evidence failed to reach investigators in time for report into controversial pre-Horizon Post Office software

• October 03, 2024 03 Oct'24

  Post Office and Fujitsu: from blood brothers to bad blood

  Former Post Office chief transformation officer’s evidence to the public inquiry reveals organisation’s strained relationship with main IT supplier Fujitsu

• October 02, 2024 02 Oct'24

  India’s fintechs find fortune in underserved segments

  Indian fintech companies are leveraging artificial intelligence and blockchain to address underserved customer segments, unearth hidden revenue opportunities and create innovative products

• October 02, 2024 02 Oct'24

  ‘Shocked’ MoneyGram hits back at Post Office

  Money transfer fintech wrote to subpostmasters expressing its disappointment with the Post Office over end of contract

• September 30, 2024 30 Sep'24

  Investigation finds 'reasonable likelihood' Post Office Capture software caused accounting losses

  An independent forensic analysis finds the predecessor to Horizon IT system was also likely to have caused shortfalls for which subpostmasters were blamed, years before the Post Office scandal

• September 18, 2024 18 Sep'24

  Dreamforce 2024: Salesforce calls on customers to flesh out AI vision

  A stream of customers helped Salesforce make the case for its Agentforce artificial intelligence offering on the opening day of the annual Dreamforce conference in San Francisco

• September 12, 2024 12 Sep'24

  Government receives report on second controversial Post Office IT system

  Former subpostmasters suffered as a result of unexplained accounting shortfalls which they believe were caused by errors in Post Office Capture software, used before the controversial Horizon system

• September 03, 2024 03 Sep'24

  TSB systems could be on the move again as BBVA eyes its parent

  TSB was migrated to the systems of Sabadell in a project remembered for its monumental IT meltdown in 2018

• July 28, 2024 28 Jul'24

  Nearly a third of GenAI projects to be dropped after PoC

  At least 30% of generative AI projects will be abandoned by 2025 as organisations struggle to realise the value of the technology, says Gartner

• July 24, 2024 24 Jul'24

  Post Office ‘acted the victim’ and civil servants ‘abandoned their principles’, says former minister

  Former government minister tells inquiry the Post Office always played the victim of subpostmasters that it considered either ‘incompetent’ or ‘criminal’

• July 23, 2024 23 Jul'24

  Innovations to power secure-by-design development

  Secure Code Warrior unveils technology designed to help CISOs and AppSec teams ensure their projects remain safe and free of coding errors and vulnerabilities – a big issue following the CrowdStrike incident

• July 23, 2024 23 Jul'24

  Former minister felt she was fighting department over Post Office controversy

  Former government minister was fighting with Shareholder Executive officials as she probed for information following allegations brought to her by MPs

• July 18, 2024 18 Jul'24

  Government trusted ‘abuser’ over the abused on Post Office scandal

  The government referred allegations about subpostmasters’ mistreatment by the Post Office to the alleged abuser itself

• July 16, 2024 16 Jul'24

  Fujitsu analyst gave witness statements when more qualified colleagues refused

  Fujitsu employee provided witness statements to courts in cases against subpostmasters despite not understanding the evidence, after qualified IT experts refused

• July 15, 2024 15 Jul'24

  Civil servant said subpostmasters’ threat of legal action was ‘sabre-rattling’

  Post Office scandal public inquiry hears damning evidence capping off a bad week for the reputation of high-profile civil servants

• July 10, 2024 10 Jul'24

  Civil servant was lone voice on Post Office board to query legal plan that blew taxpayers' cash

  Government representative felt he was 'in a minority of one' on the Post Office board of directors in questioning the handling of a High Court battle with subpostmasters that cost £100m

• July 10, 2024 10 Jul'24

  Setting the high bar in digital transformation

  Roel Louwhoff, Standard Chartered’s chief transformation, technology and operations officer, outlines what it takes for the company to become a client-focused, data-driven bank

• July 09, 2024 09 Jul'24

  Government left monitoring of Post Office to ‘luck’

  If the Post Office board failed to spot bad faith within its management, it would be down to ‘luck’ for the government to find out

• July 08, 2024 08 Jul'24

  Sir Alan Bates welcomes MP’s elevation to House of Lords

  Former Labour MP has moved to the House of Lords where he will continue campaigning for justice for victims of the Horizon scandal

• July 02, 2024 02 Jul'24

  Nordic banks pursue AI in battle with digital competitors

  Traditional Nordic banks are raising their investments in artificial intelligence to help them retain market share in increasingly populated sector

• July 02, 2024 02 Jul'24

  Kyndryl eyes mainframe workloads in ASEAN

  Kyndryl and AWS open centre of excellence in Malaysia to help ASEAN enterprises modernise and migrate their mainframe workloads to the cloud

• June 28, 2024 28 Jun'24

  How FWD is driving its digital strategy

  FWD’s group chief technology and operations officer talks up how the pan-Asian insurer is driving change faster and putting technology at the heart of its services

• June 27, 2024 27 Jun'24

  Experts shocked by ‘extraordinary’ claim made by Post Office IT expert witness

  A former Fujitsu engineer made an ‘unbelievable’ claim about evidence he gave in witness statements when acting as an expert witness during Post Office prosecutions of subpostmasters

• June 26, 2024 26 Jun'24

  Ignorance of ‘legal niceties’ from Post Office expert IT witness saw innocent people jailed

  IT expert used by Post Office to give evidence supporting prosecutions of subpostmasters did not understand legal duties he was bound to

• June 25, 2024 25 Jun'24

  Numbers prove former subpostmaster federation boss’s ignorance over Post Office scandal

  George Thomson is ignoring the numbers when he downplays subpostmaster prosecutions based on Horizon data

• June 24, 2024 24 Jun'24

  Post Office expert IT witness Gareth Jenkins resigns BCS membership

  The former Fujitsu chief architect for Horizon has resigned as a member of the BCS after he was told he could be investigated