News

Financial applications

July 19, 2018 19 Jul'18
SAP Q2 2018: Cloud revenue shows momentum, 600 more S/4 customers

SAP’s second-quarter results show cloud revenue now at one-fifth of total, indicating momentum. S/4 Hana customers now number 8,900
July 17, 2018 17 Jul'18
Saudi Arabia entices UK fintechs to its shores

Saudi Arabia is offering fintechs from other countries the opportunity to access its large internal market
July 11, 2018 11 Jul'18
UK fintech industry fears Brexit-induced talent squeeze

London’s financial technology community warns of problems ahead as the reality of the UK leaving the EU unfolds
July 06, 2018 06 Jul'18
Investment flows into Nordic startups from all directions

The Nordic tech startup scene is attracting funding from a variety of sources, with private equity firms, banks and traditional IT companies all keen to put money in

July 02, 2018 02 Jul'18
Case study: Logistics firm GWC moves from paper to digital HR in three months

Qatar-based logistics firm Gulf Warehousing Company introduced smart appraisals for employees, cut the time it takes to recruit, and gave staff and managers access to accurate HR data by replacing paper systems with human resources software
July 02, 2018 02 Jul'18
Oracle decides on Brussels for European fintech innovation centre

Software giant Oracle chooses Brussels as the centre of its European financial technology innovation programme
June 27, 2018 27 Jun'18
Nationwide Building Society to fund tech startups to the tune of £50m

With an available fund of £50m, Nationwide Building Society is the latest traditional financial services provider to support tech startups
June 22, 2018 22 Jun'18
IBM early findings on disastrous TSB core banking system migration released

Report released by Treasury Committee criticises lack of rigour in preparation for core banking system migration, but TSB says report’s content is out of date
June 19, 2018 19 Jun'18
Young generation tempted by Amazon bank-like services

Tech firms offering banking services will be inevitable in the future as more than half of young people are tempted by such a prospect
June 11, 2018 11 Jun'18
SAP banks on “intelligent enterprise” at Sapphire 2018

SAP, at its SapphireNow 2018 conference, promoted the “intelligent enterprise”, with Hasso Plattner and head of machine learning Markus Noga setting out the philosophy

June 06, 2018 06 Jun'18
Sapphire 2018: SAP will take over CRM market, says McDermott

SAP’s chief executive Bill McDermott tells 2018 Sapphire conference the supplier will storm the CRM market with its C/4 Hana business applications suite
June 04, 2018 04 Jun'18
Subpostmasters told to expect decision on alleged unfair prosecutions in August

The Criminal Courts Review Commission is expected to announce the findings of an investigation into alleged unfair subpostmaster prosecutions in August
June 01, 2018 01 Jun'18
Visa card payments system goes down across the UK and Ireland

Millions of businesses across the UK and Ireland are unable to accept VIsa card payments because of a "service disruption"
May 23, 2018 23 May'18
Singapore to adopt European e-invoicing standard

The city-state is the first country outside Europe to embrace the Peppol e-invoicing standard to speed up business transactions and lower operating costs for SMEs
May 22, 2018 22 May'18
A third of people would buy insurance from Google or Amazon

Consumers are increasingly likely to buy insurance from tech giants as the insurtech industry hits the mainstream
May 17, 2018 17 May'18
Case study: British Airways’ global B2B sales gathered under Salesforce cloud

British Airways has gathered its international business-to-business sales under Salesforce Sales Cloud to bust silos
May 16, 2018 16 May'18
Nordic banks plan major digital transformation of operations

Banks in the Nordic region are set to accelerate their spending on technology as digital services take-up accelerates
May 15, 2018 15 May'18
TSB refused help from Lloyds as IT meltdown began

TSB turned down an offer of help from Lloyds Banking Group as the migration of customers accounts to its new banking system went wrong
May 15, 2018 15 May'18
Santander latest traditional player to open digital bank

Santander is the latest traditional bank to follow an industry trend and develop a digital banking unit
May 14, 2018 14 May'18
HSBC blockchain trial proves trade finance utility model

HSBC and ING used blockchain to successfully complete a real-world trade financing transaction as part of a pilot
May 11, 2018 11 May'18
Virgin Trains on using AI and virtual reality to boost customer experience

Speaking at the Knowledge 18 ServiceNow conference in Las Vegas, Virgin Trains outlined the potential role immersive and data-driven technologies can play in improving customer experience
May 09, 2018 09 May'18
NatWest fintech investments bear fruit as SME loans platform goes live

Online lending platform enables small businesses to apply for loans of up to £150,000 in 10 minutes
May 09, 2018 09 May'18
HSBC launches open banking app

In line with open banking regulation, HSBC has launched an app that enables users to see accounts from 21 different banks in one place
May 08, 2018 08 May'18
TSB offers interest rate sweetener as IT issues continue at the bank

TSB is offering customers higher interest rate to go towards making up for the problems its core banking system migration caused customers
May 02, 2018 02 May'18
Workday to continue investing heavily in APAC

Cloud applications supplier has increased its investments in the region by more than 50% in the past year, and is looking to maintain its double-digit growth in international markets
April 26, 2018 26 Apr'18
British banks target Israeli security technology

British banks are turning to Israel’s high-tech sector to protect against cyber attacks
April 26, 2018 26 Apr'18
TSB banking service tech problems continue

TSB customers are still experiencing problems using online and mobile banking services after almost a week of disruption
April 25, 2018 25 Apr'18
TSB IT meltdown has the makings of an epic

TSB’s very public IT problems will send shivers down the spine of IT teams at large banks that are yet to migrate to new core banking systems
April 24, 2018 24 Apr'18
Criminal Courts Review Commission findings in Post Office computer case raise further enquiries

The Criminal Courts Review Commission forensic examination of the IT system at the centre of a legal case against the Post Office has raised further questions
April 24, 2018 24 Apr'18
SAP Q1 2018: Cloud revenue breaks €1bn, 400 more S/4 customers

SAP’s overall first-quarter revenue was flat, but cloud revenue and profitability were up, while its S/4 Hana customer base stands at 8,300
April 23, 2018 23 Apr'18
The dawn of open banking in Australia

Financial services firms will need to embrace DevOps and modernise their IT infrastructure to compete with more nimble fintech companies in an open banking regime
April 17, 2018 17 Apr'18
Artificial intelligence will help Metro Bank customers manage their money

Service will use AI and predictive analytics to provide personalised prompts to help customers control their spending
April 17, 2018 17 Apr'18
Norway’s tax administration combats economic crime through IT

Authority has updated its IT system to step up the fight against tax evasion
April 16, 2018 16 Apr'18
Santander uses Ripple technology to offer international payments

Santander has launched an international fund transfer service for retail customers in the UK about two years after it started testing the blockchain-based application
April 10, 2018 10 Apr'18
PayPal is latest tech giant to eye traditional banking

PayPal set to launch launch traditional retail banking services in the first half of this year
April 09, 2018 09 Apr'18
HSBC adopts fintech to fight money laundering

HSBC is using technology from a fintech startup to help it monitor transactions for potential money laundering
April 09, 2018 09 Apr'18
Dubai's gamble on bitcoin property sales

Dubai is pioneering the use of bitcoin in the real world, with the property sector leading the way
April 06, 2018 06 Apr'18
UK challenger bank gives up banking licence to focus on fintech

CivilisedBank plans to serve small and medium-sized enterprises with savings and investment products
April 05, 2018 05 Apr'18
Deutsche Bank system replacement already paying back

Deutsche bank is replacing a complex IT infrastructure that helps its traders operate and automates regulatory compliance processes
March 22, 2018 22 Mar'18
Colt pioneers blockchain in telco voice wholesaling

Colt Technology Services and Hong Kong Telecom’s international unit PCCW Global teamed up to trial the use of blockchain in wholesale voice settlements
March 22, 2018 22 Mar'18
Fintechs weigh up their partnership options

Fintechs need to consider what type of companies they should work with to make the most of open banking regulations
March 22, 2018 22 Mar'18
What would coders do in ethical grey areas?

Software developers are writing code that affects the lives of millions of people and how businesses are run, but what do coders think about some of the ethical questions they face?
March 21, 2018 21 Mar'18
RBS said to be setting up its own digital bank

Royal Bank of Scotland is reportedly setting up a standalone digital bank to take advantage of changing customer habits
March 19, 2018 19 Mar'18
First Direct enables customers to pay by Siri

Customers of online bank First Direct can now use voice commands to transfer money through Apple’s digital assistant
March 14, 2018 14 Mar'18
Most people think cryptocurrency will be accepted on buses by 2025

Cryptocurrency is a mystery to many people, yet 55% of respondents to a survey expect shops and buses to accept digital money in seven years’ time
March 09, 2018 09 Mar'18
Amazon bank could have 70 million customers in five years

Amazon could have more banking customers in the US than the UK has citizens within five years
March 08, 2018 08 Mar'18
EC reveals plan to make Europe global fintech hub

The European Commission has unveiled proposals to boost the EU’s financial technology sector
March 07, 2018 07 Mar'18
World Economic Forum creates fintech focus group for cyber security

WEF consortium of companies will focus on protecting financial technology firms from cyber threats
March 05, 2018 05 Mar'18
How to improve SAP ROI with smart licensing

A recent study suggested most SAP projects have a 50% chance of failure. The risk of having incorrect SAP licensing could be far higher
March 01, 2018 01 Mar'18
Are mobile wallets about to make contactless cards look outdated?

Mobile wallets look set to take root as consumers increasingly use their mobile phones to pay for goods and services
February 28, 2018 28 Feb'18
Virgin Money launches digital bank

Virgin Money is setting up a digital bank to expand into the current account and SME business account markets
February 26, 2018 26 Feb'18
NatWest opens four UK fintech hubs

NatWest has expanded its financial technology support programme at a time when entrepreneurs are more apprehensive than ever
February 23, 2018 23 Feb'18
RBS’s first profit in a decade accompanied by major first for mobile channel

News of its first profit in 10 years might overshadow a major first for the Royal Bank of Scotland’s mobile channel
February 21, 2018 21 Feb'18
Lloyds Bank announces three-year digital transformation

Lloyds Bank has announced plans to transform how it serves customers through substantial digital investment
February 20, 2018 20 Feb'18
UK finance regulator collaborates with US counterpart on fintech

The FCA is working with a US finance regulator to support financial technology companies on both sides of the Atlantic
February 19, 2018 19 Feb'18
Lauri Love can stay in UK: prosecutors will not appeal extradition ruling

Crown Prosecution Service gives undertaking to Lauri Love that it will not appeal against a court decision not to extradite him to the US – but prosecutors are seeking leave to appeal over part of the court ruling on extradition procedure
February 14, 2018 14 Feb'18
Technology spend growing at expense of trader salaries

Investment firms are spending a larger proportion of their budgets on software as data and artificial intelligence technology is seen to provide a competitive advantage
February 14, 2018 14 Feb'18
Australia’s national payment system will ease peer-to-peer payments

New Payments Platform is expected to accelerate the decline of cash and cheques in Australia, as well as simplify invoicing for businesses through overlay services
February 13, 2018 13 Feb'18
London joins Citibank IT innovation network

Citibank has made London home to its latest IT innovation hub, which will focus on applying data science and high performance computing to the business
February 12, 2018 12 Feb'18
APAC fintech market set to bloom

Government support, the rise of digital payments and a new breed of financial services will put the region’s financial technology market in overdrive over the next few years
February 07, 2018 07 Feb'18
Stay of execution for RBS branches and free devices for some customers

RBS is offering free training and devices to some customers in Scotland to help them eventually live without bank branches
February 06, 2018 06 Feb'18
Lloyds Bank cuts CIO workforce

Lloyds Banking Group is changing the skills make-up of its IT team to support demand for digital services
January 31, 2018 31 Jan'18
Swedish banks embrace rapidly evolving chatbots

Artificial intelligence is playing an increasingly important business role for Sweden’s banks – and chatbots are the starting point for many
January 30, 2018 30 Jan'18
SAP 2017 results: Cloud revenue nears €3.8bn, 7,900 S/4 Hana customers

SAP has declared full year 2017 revenue of €23.5bn, of which nearly €2.8bn was cloud, alongside acquisition of Callidus, a cloud-based “lead to money” service
January 25, 2018 25 Jan'18
Robots are needed to manage the automation robots

The next decade will see robots transform from invisible forces obeying our commands to lifelike objects interacting with humans on a daily basis
January 25, 2018 25 Jan'18
Forensic investigation into Post Office IT system at centre of legal case nears completion

The investigation into the fairness of court cases brought against sub-postmasters is close to finishing its forensic examination of the IT system at the heart of the controversy
January 23, 2018 23 Jan'18
Mastercard sets biometric ID deadline for banks

Mastercard has committed to guaranteeing that every one of its customers will have access to biometric authentication services by April 2019
January 22, 2018 22 Jan'18
IT of world’s banks is moving on from crippling regulation

Banks need to invest more in fintech and IT skills as they emerge from years of stagnation
January 18, 2018 18 Jan'18
Nordic IT executive interview: Daniel Kjellén, CEO, Tink

Sweden could have a head start in the race to open up banking through the European Union’s PSD2 regulation
January 18, 2018 18 Jan'18
Demand for cloud services drives increase in IT outsourcing

Cloud services spending in Europe, the Middle East and Africa offset a drop in traditional IT outsourcing in 2017
January 16, 2018 16 Jan'18
Financial savings just the beginning for CIOs who understand code quality

Businesses need to understand the quality of the code in their applications if they are to avoid unnecessary costs and glitches
January 16, 2018 16 Jan'18
Abu Dhabi continues fintech agenda in 2018

Abu Dhabi is open to developing its fintech ecosystem, with the next 12 months expected to see more focus on the sector
January 11, 2018 11 Jan'18
Retail banking regulations hit UK with the potential of a ‘Big Bang’ moment

The UK retail banking sector is at the beginning of a journey towards to a more competitive future as new regulation hits them
January 10, 2018 10 Jan'18
Marks and Spencer eyes £30m annual cost savings from digital-first retail push

High-street retailer has fleshed out plans to put digital at the heart of its business to boost operational efficiency in response to changing consumer demands
January 09, 2018 09 Jan'18
Google puts its payment services under one roof

Internet giant is bringing all its payment services under the Google Pay brand, making them “simpler, safer and more consistent”
January 04, 2018 04 Jan'18
Nordic banks face digitisation decisions over PSD2

With the latest version of the EU payment services directive coming into force, traditional Nordic banks can’t afford to slow their digital transformations
December 28, 2017 28 Dec'17
Top 10 HR and training technology stories in 2017

Advances in artificial intelligence, data analytics and cloud technology are changing the relationship between companies and their employees
December 22, 2017 22 Dec'17
Top 10 financial services IT stories in 2017

Financial services continue to lead the way in IT spending, but what were the main trends in 2017?
December 20, 2017 20 Dec'17
Top 10 enterprise IT in the Middle East stories in 2017

Countries in the Middle East are putting digital transformation high on their priority lists and are already leaders in areas such as smart city development
December 19, 2017 19 Dec'17
Nordic states innovate to attract global tech players

The Nordic region is already a hotbed for tech startups and has the ingredients to attract more investment from the established tech giants
December 19, 2017 19 Dec'17
Top 10 enterprise IT in the Nordics stories in 2017

The Nordic region might be best known in IT circles for its startup communities – but it has much more to offer
December 18, 2017 18 Dec'17
Top 10 business applications stories of 2017

Indirect licensing of SAP software was the big story, with SAP’s victory over Diageo in the High Court proving a tinderbox. AI, machine learning and blockchain oscillated between hype and reality
December 08, 2017 08 Dec'17
Santander UK recruits digital banking expert from Barclays

Santander UK has poached Michael Harte from Barclays to drive digital transformation
December 06, 2017 06 Dec'17
CIO interview: Carlos Abarca, TSB

Carlos Abarca is guiding TSB through its migration from systems hosted by a competitor to a digitally focused in-house core banking platform.
December 06, 2017 06 Dec'17
Mayor of London opens Bangalore office to strengthen links with Indian businesses

City of London’s office in India’s tech hub aims to promote Indian investment and IT jobs in UK capital
December 01, 2017 01 Dec'17
SAP and customers still in cockpit of debate about indirect licensing

SAP and the UK & Ireland SAP user group have been thrashing out the topic of indirect licensing in 2017. Is there an amicable settlement in sight?
December 01, 2017 01 Dec'17
Alexa for Business: Amazon embarks on voice-activated workplace productivity push

The final day of Re:Invent 2017 sees Amazon set out plans to help enterprises automate problematic workplace tasks using its voice assistant, Alexa
November 30, 2017 30 Nov'17
UAE-based Xpress Money pushes for digital currency and cashless payment solutions

Middle East money transfer firm Xpress Money talks up the benefits of cashless transactions in reducing fraud and improving user convenience
November 28, 2017 28 Nov'17
Dutch digital coin miners offered datacentre space to reduce costs

The Netherlands’ Datacenter Group is providing digital coin miners with space in a professional datacentre
November 28, 2017 28 Nov'17
Fintech is increasing operational risk to banks

European Banking Association report reveals fear of greater operational risk because of increased take-up of fintech in financial services sector
November 27, 2017 27 Nov'17
UKISUG 2017: only 2% of British and Irish SAP users plan to use Leonardo

Connect, the SAP UK and Ireland User Group conference, hears that just 2% of customers intend to use the supplier’s Leonardo AI toolbox, and 49% are unaware of new licensing policy
November 22, 2017 22 Nov'17
CIO interview: David Southern, director of ICT, WWF UK

In his 17 years in the IT department at the WWF, David Southern has seen many changes – and the advent of cloud computing is one of the biggest
November 22, 2017 22 Nov'17
HSBC recruits CIO from Google

HSBC has recruited a CIO from Google as it seeks to continue to digitise its retail banking services
November 21, 2017 21 Nov'17
IR35 reforms: Economic concerns raised over prospect of private sector roll-out

With the government’s stance on rolling out the IR35 reforms to the private sector appearing to soften, IPSE and others air concerns over the threat this move could pose to the post-Brexit economy
November 20, 2017 20 Nov'17
NatWest software robots to advise customers on investments

NatWest is offering customers automated investment advice through software robots
November 16, 2017 16 Nov'17
Scientific study reveals Bitcoin is not dominant in cryptocurrency market

Study into the ecology of cryptocurrencies has found that investors only consider market share when buying
November 16, 2017 16 Nov'17
Post Office court case judge issues warning to legal teams

The high court judge managing the sub-postmasters versus Post Office legal case over an allegedly faulty computer system tells legal teams to cooperate
November 15, 2017 15 Nov'17
Critical IT problems cost UK organisations £200,000 a month

UK companies are losing hundreds of thousands of pounds a month because of IT problems, but are relatively good at preventing the same issues recurring
November 09, 2017 09 Nov'17
TSB customers can use their faces to authenticate payments

Bank’s latest addition to its mobile apps is a facial recognition option for Apple iPhone X users
November 06, 2017 06 Nov'17
Bank of Scotland testing out artificial intelligence on customer iPhone app

Bank of Scotland pilots artificial intelligence within its iPhone banking app.