News
Financial applications
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April 25, 2023
25
Apr'23
Lloyds Bank joins industry IT standards group
UK banking giant Lloyds Banking Group has joined an industry group which promotes global IT standards
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April 20, 2023
20
Apr'23
Banks don’t want to develop fintech in-house
Banks are increasingly partnering with fintechs to gain access to their platforms, with few interested in developing such capabilities in-house
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April 14, 2023
14
Apr'23
Former TSB CIO fined for migration meltdown
Both TSB and its CIO have now been fined for the catastrophic migration of TSB’s core banking system
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April 06, 2023
06
Apr'23
CCRC says ‘door open’ for more reviews of subpostmaster convictions
The Criminal Cases Review Commission (CCRC) has told former Post Office workers the door is still open for them to come forward if they were prosecuted for financial crimes based on evidence from Horizon software
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April 05, 2023
05
Apr'23
The Folio Society turns over new leaf with NetSuite
Well known for its illustrated, hardback editions of books, The Folio Society has brought its finance systems up to date, in part to aid international growth, with Oracle NetSuite
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April 03, 2023
03
Apr'23
Lloyds and NatWest banks join Barclays in latest round of branch closures
Lloyds and NatWest banks announce more branch closures as UK high streets continue to be stripped of banking services
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March 27, 2023
27
Mar'23
JP Morgan pilots palm and face-recognition technology in US
JP Morgan is testing out its biometric payment technology in selected retailer stores and at the upcoming Formula 1 Grand Prix in Miami
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March 15, 2023
15
Mar'23
How industry cloud platforms are shaping the future of business applications
More than half of enterprises are expected to use industry cloud platforms that combine cloud-based infrastructure, platform and application services to accelerate their business by 2027
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March 13, 2023
13
Mar'23
Subpostmaster demands names of Post Office executives who crushed him to suffocate truth
One Post Office scandal victim was deliberately destroyed by the Post Office to deter other subpostmasters from challenging the integrity of its core computer system
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March 08, 2023
08
Mar'23
Executive interview: BT chief procurement officer, Cyril Pourrat
BT Sourced is part of BT Group and aims to tackle the telecommunications giant’s multibillion-pound spending. We speak to its procurement chief
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March 07, 2023
07
Mar'23
IT worker evidence reveals a toxic Post Office IT helpdesk that discriminated against subpostmasters
IT worker tells public inquiry that the Post Office Horizon helpdesk was toxic, rudderless and racist
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March 06, 2023
06
Mar'23
Fintech industry calls for regulatory change to help struggling consumers
Fintech trade body calls for regulatory changes to allow fintechs to broaden services for people struggling in the cost-of-living crisis
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March 06, 2023
06
Mar'23
Guinness World Records goes digital
Guinness World Records has been around since 1955. Over the past 20 years, it has transformed from book publishing to consultancy and digital content creation, most recently marshalling NetSuite
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March 06, 2023
06
Mar'23
How to get mainframe modernisation right
Around a third of mainframe modernisation efforts fail, but that doesn’t need to be the case if organisations can harness the best of mainframe and distributed architectures, according to Rocket Software
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March 03, 2023
03
Mar'23
Shawbrook Bank uses Pegasystems for low-code business process rewrite
SME lending and savings bank Shawbrook Bank is using a low-code platform from Pegasystems to rewrite outdated business processes
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February 28, 2023
28
Feb'23
Post Office’s most senior executives hushed up Horizon errors, public inquiry told
The Post Office messaging strategy was designed to reassure staff that the Horizon accounting system was robust after Computer Weekly first revealed problems in 2009
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February 21, 2023
21
Feb'23
NetSuite and Oracle executives optimistic about economy
Oracle NetSuite’s recent SuiteConnect event in London found executives in optimistic mood about the economy and positive about synergies between the two businesses
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February 21, 2023
21
Feb'23
Average consumer spent more than £3,300 using contactless payments in 2022
The amount of money spent using contactless payment technology continues to rise as consumers take advantage of higher allowable spending limits
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February 08, 2023
08
Feb'23
CDO interview: Very’s Steve Pimblett on finding UB40
The chief data officer of online retailer Very, Steve Pimblett, explains the place of data cataloguing in its data strategy, both for governance and innovation
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February 07, 2023
07
Feb'23
‘Profound’ digital pound decision faces policymakers
The UK Treasury has launched a consultation paper to help lay the foundations for a ‘profound decision’ over a digital currency
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February 07, 2023
07
Feb'23
TSB pilots pods as branch replacements
TSB joins Barclays in adopting banking pods to ensure customers have access to physical banking services as the number of high street branches declines
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February 01, 2023
01
Feb'23
PayPal slashes 2,000 jobs in face of tough economic outlook
Fintech giant making thousands of redundancies as global economic outlook remains poor
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January 31, 2023
31
Jan'23
Crédit Agricole tests quantum in finance
The corporate and investment bank has run experiments with Pasqal and Multiverse to demo quantum computing in finance
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January 27, 2023
27
Jan'23
SAP 2022: 11% revenue growth, 2.5% staff targeted by restructure
SAP has announced full-year 2022 revenue of nearly €31bn, up 11% year on year. In 2023, it will explore a sell-off of Qualtrics stake and do a restructure, with an impact on 2.5% of staff
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January 26, 2023
26
Jan'23
Final months of 2022 saw highest ever number of bank account switches
More people than ever before switched their current account provider using the government’s switching service
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January 24, 2023
24
Jan'23
SMEs keen on embedded finance, but more choice needed to increase take-up
Suppliers to small and medium-sized enterprises need to offer more choice when embedding financial products in their services if take-up is to increase
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January 18, 2023
18
Jan'23
Advisory board goal for Post Office scandal victims to be returned to rightful financial position
The board set up to monitor the compensation scheme for Post Office scandal victims agrees goal of returning them to the financial position they would be in had the scandal never happened
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January 17, 2023
17
Jan'23
UK fintech payments unicorn cuts back as Covid-19 boost wears off
Payments infrastructure firm Paddle downsizes as Covid-19-generated business boost runs out of steam
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January 15, 2023
15
Jan'23
Thai enterprises spend more on software amid growing digitalisation
The majority of software spending in Thailand during the first half of 2022 went into applications followed by infrastructure software and development tools, according to IDC
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January 12, 2023
12
Jan'23
How Indian banks can drive automation in corporate banking
Banks should prioritise their processes for automation based on the level of human intervention, understand their processes thoroughly and put employees at the centre of their automation efforts
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January 11, 2023
11
Jan'23
SMEs eye moving business to challenger bank
Known for their consumer banking success, challenger banks are now winning over hearts and minds in the small business sector
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January 10, 2023
10
Jan'23
Latest Innovate Finance report reveals decrease in UK fintech investment, but like-for-like increase
Innovate Finance’s latest figures on fintech investment show reduction in UK, but report methodology leaves this open to change
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January 10, 2023
10
Jan'23
Belfast Harbour sails out with Oracle cloud applications
Belfast Harbour spies a more efficient and flexible future on the horizon as it sets sail with Oracle Fusion Cloud ERP
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January 10, 2023
10
Jan'23
Former subpostmaster Alan Bates, who ‘pulled up trees and moved mountains’, turns down OBE offer
Alan Bates, who fought for decades to expose the Post Office Horizon IT scandal, says it would be inappropriate to accept an OBE when former Post Office CEO Paula Vennells still holds her CBE
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January 04, 2023
04
Jan'23
Traditional banking under threat from platform-based alternatives
Banking as a service embedded in non-banking business offerings will take large chunks from traditional banks
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December 30, 2022
30
Dec'22
Top 10 business applications stories of 2022
As the Covid crisis gave way to the energy crisis and economic turmoil, enterprise software suppliers have urged customers to step up modernisation and evince more empathy for employees
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December 20, 2022
20
Dec'22
TSB hit with huge fine after IT migration disaster
TSB has been fined nearly £50m due to failings during its IT migration catastrophe
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December 14, 2022
14
Dec'22
Criminal Cases Review Commission calls on more convicted subpostmasters to come forward
The Criminal Cases Review Commission wants more former subpostmasters to come forward if they think they were prosecuted by the Post Office based on data from the error-prone Horizon computer system
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December 07, 2022
07
Dec'22
Post Office scandal – “cock-up or cook-up”?
The second phase of the Post Office Horizon IT scandal raised more questions over who did what, when and where, with shocking revelations at every turn
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December 07, 2022
07
Dec'22
Vingroup to run SAP systems on Google Cloud
The Vietnam conglomerate and EV maker is planning to migrate all its SAP systems to Google Cloud in a move that is expected to reap cost savings and improve product quality
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December 02, 2022
02
Dec'22
Post Office boosted its ‘coffers’ as Horizon system threw up unexplained shortfalls, inquiry told
The Post Office was ‘keen’ to make subpostmasters cover unexplained accounting shortfall as its business struggled, public inquiry hears
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November 25, 2022
25
Nov'22
Fujitsu put pressure on UK government to sign off troubled Horizon project, public inquiry hears
Telegram from British Embassy in Tokyo to UK government reveals pressure on ministers to sign off controversial contract
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November 23, 2022
23
Nov'22
Oracle’s Steve Miranda on the value of turning inside out
In a Q&A with Computer Weekly at Oracle Open World, applications head Steve Miranda discussed the supplier’s opening out and its intensification of an industry cloud approach, signally with healthcare
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November 18, 2022
18
Nov'22
Post Office scandal inquiry’s expert IT witness ‘troubled’ by his findings
Controversial Post Office Horizon system lacked the integrity required to trust accounting data and contained ‘joke’ coding akin to an ‘overly engineered mousetrap’, inquiry told
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November 15, 2022
15
Nov'22
Post Office changed view of Horizon problems before roll-out, because of a ‘sunk cost fallacy’
Insider tells public inquiry that the Post Office continued to roll out the controversial Horizon system despite a ‘considerable’ number of errors, because it was too committed
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November 03, 2022
03
Nov'22
Russia risks shortage of PCs and software
Russian consumers and businesses could face a shortage of IT equipment including PCs and software
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November 02, 2022
02
Nov'22
Game of ‘hardball’ in Horizon negotiations left subpostmasters exposed to tragedy
‘Hardball’ negotiations between the government, the Post Office and ICL meant subpostmasters were ignored and thrown into a tragedy that could have been averted
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October 18, 2022
18
Oct'22
Subpostmaster federation failed its members when they needed it most
A dereliction of duty saw subpostmaster federation ignore its members when IT problems hit and allowed the Post Office destroy their lives
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October 04, 2022
04
Oct'22
Next phase of open banking already gathering pace
Open banking has had a major impact on the banking industry as finance forms harness data to provide better services, but the next phase of open finance promises even more
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October 03, 2022
03
Oct'22
Security regulation cuts online payment fraud at 73% of retailers
New online payments security standard, Strong Customer Authentication (SCA), sees immediate fall in fraudulent payments to retailers