News

Financial applications

• November 09, 2018 09 Nov'18

  High court Post Office trial puts subpostmasters’ contract under microscope

  Case against Post Office in relation to allegedly faulty computer system begins in High Court

• November 05, 2018 05 Nov'18

  Deutsche Bank to create cloud-based digital cheque processing system

  German banking giant Deutsche Bank will replace manual and paper-intensive cheque processing methods with an automated system in the cloud

• November 01, 2018 01 Nov'18

  SAP’s Atzberger vaunts front to back office capability

  Alex Atzberger, president, SAP Customer Experience, recently went through the company’s customer-focused software strategy with Computer Weekly

• November 01, 2018 01 Nov'18

  How Bahrain plans to become a regional fintech hub

  Bahrain is a small island with big plans for its financial technology industry

• October 30, 2018 30 Oct'18

  Traditional financial services firms face extinction within 12 years

  A large number of large banks could disappear within 12 years unless they change business models and economics

• October 29, 2018 29 Oct'18

  Why subpostmasters and Post Office are battling it out in the High Court

  After over a decade of controversy, next week marks the beginning of a court battle between subpostmasters and the Post Office over allegations of faults in an accounting system leading to unfair prosecutions

• October 24, 2018 24 Oct'18

  Oracle Open World 2018: CEO Mark Hurd says SAP ERP customers will defect

  Oracle co-CEO Mark Hurd opined at Open World that SAP ECC6 customers will defect, in some measure, to Oracle in preference to S/4 Hana

• October 23, 2018 23 Oct'18

  Software suites will dominate the business applications market

  Oracle co-CEO Mark Hurd contends that having a common user interface and the ability to support data flows across a business are key capabilities that will spur the dominance of software suites over time

• October 19, 2018 19 Oct'18

  Russians using less cash after accelerated use of electronic payments

  Russians are increasingly using electronic payments rather than cash, a recent study by Sberbank has found

• October 18, 2018 18 Oct'18

  SAP Q3 2018: Cloud revenue up 39%

  SAP’s Q3 2018 results show cloud revenue now at 22% of total and indicate momentum. S/4 Hana customers number 9,500

• October 09, 2018 09 Oct'18

  Blockchain adoption hotting up in Australia

  The emerging technology is being tested in several industries in a country aspiring to be a global leader in blockchain development

• October 02, 2018 02 Oct'18

  Filling the blockchain chasm

  Blockchain as a term is becoming common language, but there is a long way to go before it will mean anything to the performance of most organisations

• October 02, 2018 02 Oct'18

  Government explores blockchain to make buying and selling property easier and cheaper

  HM Land Registry moves into the next phase of a project that will use the latest technologies to speed up property transactions

• September 28, 2018 28 Sep'18

  No let-up in digital banking glitches as TSB and HSBC customers are hit on payday

  Online and mobile app banking outages continue to increase in regularity as TSB and HSBC customers report problems

• September 21, 2018 21 Sep'18

  RBS, Barclays and NatWest customers suffer more mobile banking outages

  Banks apologise for problems that have affected mobile and internet banking services

• September 18, 2018 18 Sep'18

  Oracle first-quarter 2018-19 results show weak growth

  Oracle’s first-quarter results for 2018-19 reveal $9.2bn revenue and 1% growth, with co-CEO Mark Hurd calling out “spectacular growth” for the NetSuite cloud ERP for SMEs business

• September 14, 2018 14 Sep'18

  How SAP is riding on Asia’s growth story

  The enterprise software behemoth’s Asia-Pacific business is growing and believes its latest C/4 Hana suite is uniquely geared to the scale of the region

• September 13, 2018 13 Sep'18

  Tech Nation startup programme demonstrates richness of UK fintech

  A Tech Nation programme to support the UK's financial technology startups demonstrates the increasingly diverse range of business-to-business products and services available through the country's fintech community

• September 07, 2018 07 Sep'18

  RBS announces branch closures as part of cancelled project to create challenger bank

  The Royal Bank of Scotland has announced more branch closures and job losses as digital transformation continues to transform the sector

• September 05, 2018 05 Sep'18

  The fintech startups to watch in the UK

  Tech Nation’s choice of fintech companies to back reflects the changes expected to hit financial services IT

• September 04, 2018 04 Sep'18

  Element AI teams up with AI Singapore

  The Canadian upstart is co-developing AI applications for local industries as part of its efforts to build new research capabilities via local talent pools

• September 04, 2018 04 Sep'18

  TSB CEO out after months of IT problems

  TSB’s CEO, Paul Pester, is stepping down after the bank and its customers were beset by another round of IT problems

• August 22, 2018 22 Aug'18

  JP Morgan fintech strategy widens retail trading

  Bank’s digital You Invest service opens up trading opportunities to millions of customers

• August 14, 2018 14 Aug'18

  How Unit4 punches above its weight in APAC

  The supplier of enterprise resource planning software is giving users the ability to tweak its software easily without the need for consultants, turning the traditional enterprise software business model on its head

• August 09, 2018 09 Aug'18

  Rentokil robot Trevor kills off mundane processes

  Pest control firm has deployed artificial intelligence robots to take out manual processes and progress its learning organisation approach

• August 06, 2018 06 Aug'18

  Starling raises the fintech stakes with banking-as-a-service

  Challenger bank enables companies outside the financial sector to offer their customers savings and current accounts via the bank’s APIs

• July 31, 2018 31 Jul'18

  UK fintech investment exceeds US and China

  Financial technology investments in the UK have surpassed those made in the US and China

• July 30, 2018 30 Jul'18

  IBM and CLS to work on blockchain app store

  IBM and foreign exchange settlement provider CLS are using their complimentary expertise to create an app store for finance firms using distributed ledger technology

• July 30, 2018 30 Jul'18

  Dubai disputes court and Smart Dubai partner to apply blockchain

  Organisations in Dubai are working on developing the principal of blockchain-based courts

• July 27, 2018 27 Jul'18

  IT meltdown pushes TSB into loss

  Bank is feeling the effects of its recent IT problems, reporting a loss of more than £100m for the first six months of 2018

• July 24, 2018 24 Jul'18

  Capital markets firms to ramp up public cloud spending

  Companies in the investment sector are increasingly using the public cloud to improve access to business-critical data

• July 24, 2018 24 Jul'18

  Nordnet drops AI assistant while SEB deepens collaboration

  One Nordic bank decides to stop using cognitive agent Amelia to focus on other AI technologies, but another widens the use of the software

• July 20, 2018 20 Jul'18

  Brussels aims to become an insurtech hub

  Belgian capital is calling on startups as it eyes up the huge opportunities in the insurance technology sector

• July 20, 2018 20 Jul'18

  Cloud sales stoke Microsoft’s strong growth

  Microsoft says cloud-based Office products made a huge contribution to sales growth

• 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