News

Financial applications

• 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

• June 24, 2024 24 Jun'24

  Metropolitan Police could investigate one of its own staff in Post Office probe

  Former Post Office investigator deleted references to software errors in a witness statement from Fujitsu’s Gareth Jenkins during the wrongful prosecution of a subpostmaster

• June 20, 2024 20 Jun'24

  Post Office and Fujitsu had tense relationship, but were joined at hip when protecting their brands

  Problems in the roll-out of Horizon Online in 2010 created a tense relationship between the Post Office and Fujitsu

• June 19, 2024 19 Jun'24

  Post Office Horizon system investigators were blocked and threatened as they witnessed cover-up

  Independent investigators who put Post Office and its Horizon system under spotlight faced aggression as they witnessed cover-up

• June 17, 2024 17 Jun'24

  Once ridiculed Post Office scandal campaigner Alan Bates receives knighthood

  Campaigner for justice, once labelled a ‘nutter’ and a ‘thief’, knighted for his work to expose the Post Office scandal

• June 14, 2024 14 Jun'24

  Post Office scandal victims in Scotland have convictions quashed

  Scotland follows England, Wales and Northern Ireland in exonerating wrongfully convicted subpostmasters en masse

• June 12, 2024 12 Jun'24

  IT witness was hidden away from Post Office court battle, but supported it from shadows

  Former Fujitsu chief architect provided evidence support to Post Office witnesses in High Court battle despite being unfit to provide it directly

• June 11, 2024 11 Jun'24

  Cobol knowledge crisis threatens Dutch financial systems

  Expertise in complex Cobol systems, critical to major financial institutions, is dwindling in The Netherlands, resulting in retired professionals returning work

• June 10, 2024 10 Jun'24

  Post Office Capture software training deficit echoes systemic Horizon problems

  Post Office branch managers have told Computer Weekly they had no training on how to use Capture software, which pre-dated Horizon

• June 10, 2024 10 Jun'24

  Driving customer experience through cloud and AI

  Autodesk’s global CIO Prakash Kota explains how the company is modernising its IT infrastructure and adopting cloud and AI to drive customer experience

• June 07, 2024 07 Jun'24

  Fujitsu had Post Office ‘over a barrel’, inquiry told

  Post Office scandal inquiry hears how board member believed Fujitsu was exploiting the Post Office

• June 06, 2024 06 Jun'24

  Mystery Post Office software developer revealed in 1995 Horizon project document

  Capture software was used by about 2,000 subpostmasters in the 1990s, with allegations that errors in the software caused account shortfalls

• June 05, 2024 05 Jun'24

  Post Office chair was aware of Horizon concerns from day one but failed to act

  Almost immediately after joining the Post Office, Alice Perkins was told about software problems and was concerned about an imbalance of power in the Post Office’s relationship with Fujitsu

• June 05, 2024 05 Jun'24

  Subpostmasters consider legal action against government in pursuit of financial redress

  Campaigner says former subpostmasters may have to resort to legal action in pursuit of the money they are owed

• June 04, 2024 04 Jun'24

  Post Office bosses misled subpostmasters a day before IT project problems were exposed

  Subpostmasters were reassured by Post Office executives that the Horizon replacement project was satisfactory the day before Computer Weekly reported news to the contrary

• June 03, 2024 03 Jun'24

  How poor IT project management failed Birmingham Oracle implementation

  Birmingham City Council’s Oracle system – the biggest of its kind in Europe – went live in April 2022, resulting in a catastrophic IT failure. We investigate

• May 31, 2024 31 May'24

  Fujitsu set for further £180m deal as Post Office Horizon replacement delayed

  Problems with the Post Office project to replace its controversial Horizon IT system mean Fujitsu is set to receive up to £180m more in taxpayers' cash to support the system for another five years

• May 30, 2024 30 May'24

  Post Office Horizon replacement project labelled 'unachievable' as taxpayer bill reaches £1bn

  The project to replace the Horizon IT system in Post Office branches is late, over budget and lacking quality – and government auditors sent in to assess a request for £1bn funding say it is currently unachievable

• May 30, 2024 30 May'24

  FWD teams up with AWS on cloud

  The pan-Asian insurer plans to host its core applications on AWS in a five-year agreement that comes on the heels of an earlier deal with Microsoft to tap Azure cloud and AI services

• May 28, 2024 28 May'24

  Government appoints investigators to analyse Post Office Capture software used before Horizon

  PC-based accounting software used by subpostmasters in the 1990s will be investigated by forensic specialist Kroll after reports that Post Office workers may have been wrongly prosecuted in the years before Horizon

• May 28, 2024 28 May'24

  Post Office scandal: Met Police investigation set to go national

  The police investigation into Post Office and Fujitsu executives is about to gain the status of a major national investigation – but it could be years before any individuals are charged with crimes or face trial

• May 24, 2024 24 May'24

  Over 700 wrongful subpostmaster convictions overturned by new legislation

  Parliament has approved a law that will see hundreds of subpostmasters with wrongful convictions exonerated as one of the government’s final acts before the general election

• May 24, 2024 24 May'24

  Paula Vennells boasted about removing Horizon risk reference in Royal Mail flotation prospectus

  A reference to Horizon was removed from Royal Mail prospectus by Paula Vennells in the eleventh hour

• May 23, 2024 23 May'24

  APAC to gain $4.5tn in economic value from GenAI

  The region’s largest economies could see a 0.7 percentage point increase in their annual GDP by leveraging generative AI responsibly at scale with a focus on people

• May 23, 2024 23 May'24

  Third police probe into Post Office scandal under consideration

  The Metropolitan Police Service is looking into investigating potential corporate and individual crimes committed in the Post Office Horizon scandal