News
Financial applications
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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?
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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
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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
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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
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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
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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
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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.
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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
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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?
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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
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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
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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
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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
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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
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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
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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
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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
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November 20, 2017
20
Nov'17
NatWest software robots to advise customers on investments
NatWest is offering customers automated investment advice through software robots
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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
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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
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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
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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
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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.
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October 31, 2017
31
Oct'17
Mobile software is replacing bank branches and cash as youngsters prefer apps
The need for bank branches and cash is reducing as younger generations turn to apps to manage finances and make payments
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October 31, 2017
31
Oct'17
Image recognition system clears cheques in one day
All cheques paid in the UK will be cleared on the next working day once an image-based clearing system is fully rolled out
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October 30, 2017
30
Oct'17
Financial services CIOs above average for digital focus
IT leaders in the financial services sector realise they must undergo digital transformation as existing business models become outdated
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October 30, 2017
30
Oct'17
Court dates set for Post Office accounting system trials
An end is in sight for sub-postmasters’ campaign against alleged wrongful prosecution, which they blame on a faulty computer system
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October 27, 2017
27
Oct'17
Nordea lays off 6,000, citing digital transformation as the driver
Nordea is cutting staff as a result of its ongoing digital transformation, which means it needs less people
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October 27, 2017
27
Oct'17
Carglass France feels benefit of employee knowledge sharing
Automobile glass repair company Carglass France is using knowledge-sharing technology to distribute expertise among 3,000 employees
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October 27, 2017
27
Oct'17
Airbus saves millions after building a digital learning library
Airbus has created a digital learning library that is helping more than 100,000 staff in 35 countries keep their skills updated
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October 24, 2017
24
Oct'17
Apple Pay launches in Nordic region with Nordea, Jyske Bank and St1 partnerships
Nordic banks take on Apple Pay to give the mobile payments service a regional boost
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October 24, 2017
24
Oct'17
Nordic finance watchdogs losing patience over anti-money laundering systems at banks
The financial services watchdogs have informed banks that they have to do more to improve anti-money laundering systems
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October 19, 2017
19
Oct'17
Post Office computer system legal case reaches important procedural juncture
Sub-postmasters group action against the Post Office reaches an important milestone
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October 13, 2017
13
Oct'17
WEF gets to grips with risks posed by transformative technologies
World Economic Forum is bringing technology, insurance and government sectors together to better understand the risks posed by technology failures
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October 10, 2017
10
Oct'17
Consumers' personalised banking needs are not being met
Banks are failing to give customers the personal services they crave, leaving the door open to tech-savvy competitors
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October 10, 2017
10
Oct'17
Cyber heist hits banks in Russia and eastern Europe
Criminals hired mules to open rogue bank accounts and manipulated risk ratings and overdraft limits, paving the way for millions of dollars to be stolen
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October 09, 2017
09
Oct'17
TSB reschedules final roll-out of new banking platform because of expected interest rate rise
Bank decides to delay the full customer roll-out of its new banking platform until early next year
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October 04, 2017
04
Oct'17
Global IT spending to hit $3.7tn next year, says Gartner
IT spending is taking on a different shape as organisations embark on, and accelerate, digital transformation projects
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October 04, 2017
04
Oct'17
Russia’s state-owned bank backs blockchain
Vneshekonombank puts its weight behind blockchain technology as the country’s public sector looks on
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October 02, 2017
02
Oct'17
OpenWorld 2017: Ellison declares autonomous database 'revolutionary'
Oracle’s Larry Ellison claims revolutionary cast for autonomous 18c database at the supplier’s 2017 OpenWorld conference in San Francisco
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September 29, 2017
29
Sep'17
Sweden investigates introducing its own e-currency
Nordic country’s central bank is planning for a future e-currency as cash becomes less relevant
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September 27, 2017
27
Sep'17
RHB Bank rolls out chatbot for loan applications
The Malaysian lender hopes to improve the loan application experience and grow its personal loan business by 60% through a new chatbot
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September 25, 2017
25
Sep'17
Two-thirds of UK businesses have adopted fintech
Most UK businesses are using financial technology products and services in some way, with cost savings being the main attraction
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September 22, 2017
22
Sep'17
European banks getting rid of human interaction in retail services
Traditional banks know they need to modernise IT to retain market share, but replacing legacy systems is like defusing a bomb
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September 20, 2017
20
Sep'17
CIO interview: John Mountain, Starling Bank
Starling Bank’s CIO tells Computer Weekly about life at a bank that is challenging traditional IT thinking
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September 20, 2017
20
Sep'17
BMW opens its second tech startup programme in the UK
BMW has launched its latest programme to support tech startups in the UK
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September 20, 2017
20
Sep'17
Oracle announces simplified pricing model for cloud computing
Ahead of Oracle’s OpenWorld 2017 event, Larry Ellison announces simplification of cloud pricing, attached to increased automation in database and middleware
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September 15, 2017
15
Sep'17
Banks across Europe cut thousands of staff and branches as IT replaces them
Banks across Europe cut jobs and close thousands of branches as IT shakes the industry
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September 15, 2017
15
Sep'17
Oracle 2017-18 Q1 results: Cloud revenue jumps by 51%
Oracle’s first quarter 2017-18 results show jump in cloud revenue of 51%, boosted by NetSuite acquisition. Executives continue to be bullish on cloud growth, and the AI makeover of core database is flagged
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September 14, 2017
14
Sep'17
Enterprise appetites for cloud-based financial apps on the rise, Gartner research suggests
Research into corporate appetites for cloud-based financial apps suggest demand is growing faster than expected, claims Gartner
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September 08, 2017
08
Sep'17
Half of UK fintech firms confident in growth but have doubts over skills
UK fintech companies are confident that revenues will double over the next year, but have concerns over talent and customer take up of services
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September 08, 2017
08
Sep'17
Hillarys Blinds unveils SUSE Linux Enterprise Server as SAP Hana OS
Blinds manufacturer Hillarys, a long-time SAP customer and Hana advocate, has revealed the SUSE Linux Enterprise Server for SAP Applications to be the operating system underlying its stack
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September 07, 2017
07
Sep'17
Barclays Bank ahead of schedule in ring-fencing project
Barclays Bank is set to meet the government’s ring-fencing legislation well before the deadline
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September 06, 2017
06
Sep'17
Europeans slowly catching up with Asia for mobile payments
Consumers are increasingly using their mobile phones to make payments in Europe, finds survey
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September 05, 2017
05
Sep'17
China cracks down on initial coin offerings
Financial services regulators in China have cracked down on the use of Initial Coin Offerings to raise funds
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September 04, 2017
04
Sep'17
CIO interview: Adrenaline junkie leaps from big pharma to cloud services
Diana McKenzie, CIO of Workday and triathlon competitor, on analytics, data lakes and the relationship between IT and business
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September 01, 2017
01
Sep'17
Two-thirds of British people have used contactless cards
The take up of contactless payment technology continues at a pace, according to research by Visa
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September 01, 2017
01
Sep'17
European investors back cloud, IoT and big data for insurance sector
Investors are putting their money behind suppliers of technology to the European insurance sector
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August 31, 2017
31
Aug'17
App-based challenger bank Starling enters next stage of its journey
Thousands of people are downloading Starling’s app every week as the bank builds its customer base
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August 30, 2017
30
Aug'17
Challenger bank Fidor reaches 200,000 customers
Fintech trailblazer Fidor now has more than 200,000 people using its banking services, but its CEO believes the fintech environment is getting tougher
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August 29, 2017
29
Aug'17
Danske Bank taps into the cognitive capabilities of IBM Watson
Danish bank is using IBM Watson as part of a major IT outsourcing deal
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August 23, 2017
23
Aug'17
Sub-prime lender links technology upgrade to financial problems
Lender partly blames new automation software for its poor performance
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August 23, 2017
23
Aug'17
Thailand’s Ascend Money eyes regional mobile payments market
Ascend Money’s TrueMoney Wallet service will be rolled out in five other Southeast Asian countries that offer growth opportunities, albeit in a highly fragmented market
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August 22, 2017
22
Aug'17
Blockchain skills in high demand and jobs being swept up quickly
Job vacancies for people with blockchain skills are being filled in just seven days, on average, once they are advertised online
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August 21, 2017
21
Aug'17
HSBC streamlines mortgages with Capita software
Bank is using software to improve its mortgage application processes and subsequently increase business through brokers
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August 18, 2017
18
Aug'17
Contactless payments through mobile phones no longer a novelty
The amount of contactless payments made through mobile devices increased by 336% compared with 2016, according to figures from Worldpay
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August 17, 2017
17
Aug'17
Barclays ring-fencing project means downtime for customers
Many Barclays services will be unavailable this weekend as part of the bank's project to separate retail and investment operations
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August 16, 2017
16
Aug'17
A decade of IT change since banking meltdown
With 10 years passing since Northern Rock had to be bailed out by the government, we look at how banking IT has changed since the financial crisis
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August 16, 2017
16
Aug'17
RBS to cut 880 IT staff in London
Royal Bank of Scotland aims to reduce London-based IT workforce by 40%
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August 11, 2017
11
Aug'17
BBVA tops Forrester mobile bank app chart
Spanish bank BBVA has the best mobile banking app in the world, according to Forrester Research
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August 11, 2017
11
Aug'17
HSBC uses IBM to automate the processing of 100 million document pages
In another instance of banks adopting automation to lower costs and drive productivity, HSBC uses IBM analytics technology to cut down on its paper trail
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August 10, 2017
10
Aug'17
Consumers unaware of bank account switching service despite £750m spent on IT system
TSB Bank believes the Competition and Markets Authority needs to do more to promote account switching system to consumers
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August 07, 2017
07
Aug'17
TSG 1899 Hoffenheim gets 'faster in the head' with SAP analytics
TSG 1899 Hoffenheim has been using SAP’s Hana database and applications to speed up players mentally, as well as using SAP Hybris to sell shirts
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August 02, 2017
02
Aug'17
Fruit firm W B Chambers uses IFS suite to grow business
W B Chambers, a Kentish fruit farm, has chosen IFS to support its business growth and to guard against the labour pool uncertainties of Brexit
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July 25, 2017
25
Jul'17
Australian businesses bullish on AI
Demand for artificial intelligence technology is growing in Australia amid looming fears over job losses
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July 20, 2017
20
Jul'17
SAP Q2 2017 results: cloud revenue €932m, 500 new S/4 customers
SAP’s second-quarter revenue of €5.78bn included €932m for cloud subscription and support – 16% of the total – while new S/4 Hana customers included Centrica and Google
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July 20, 2017
20
Jul'17
TSB to introduce iris scan authentication in September 2017
TSB customers will soon be able to access their mobile bank accounts through iris scanning, which is regarded as the most secure biometric authentication available
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July 19, 2017
19
Jul'17
Oracle expands Cloud at Customer, adds 1,000 cloud sales Emea staff
Supplier adds SaaS elements to hybrid cloud service and aims to recruit 1,000 staff in Emea to accelerate cloud business
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July 19, 2017
19
Jul'17
London Stock Exchange uses IBM blockchain technology
The London Stock Exchange is testing out IBM's blockchain technology in a platform to help SME operations become more transparent
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July 17, 2017
17
Jul'17
Post Office defence in computer system legal case due this week
The Post Office will this week present its defence against allegations brought by subpostmasters in a group legal action
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July 13, 2017
13
Jul'17
HMRC delays digital tax for businesses until 'at least' 2020
HMRC has pushed back the go-live date of its Making Tax Digital project following concerns the timetable was too risky
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July 13, 2017
13
Jul'17
HPE and CSC merger wins confidence of Zurich
Zurich Insurance has demonstrated confidence in CSC's merger with HPE through a contract extension
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July 13, 2017
13
Jul'17
Visa encourages US businesses to go cashless with £500,000 in hard cash
Card giant offers small US businesses financial support to upgrade their payments technology if they agree to abandon cash
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July 13, 2017
13
Jul'17
Figures suggest blockchain is a 'no brainer' in financial services
Blockchain has quickly established itself in financial services businesses, with companies in other industries likely to see a similar trend
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July 12, 2017
12
Jul'17
Contactless technology pushes card payments ahead of cash in retail sector
Retail payments made by debit cards exceeded the number made by cash for the first time last year
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July 10, 2017
10
Jul'17
Experian admits mobile and online issues after system upgrade
Some customers of credit referencing company are having problems accessing a service they pay for following an IT upgrade and large customer migration to a new system
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July 10, 2017
10
Jul'17
Interview: Davide Cervellin, EMEA director of analytics, PayPal
PayPal’s EMEA director of analytics talks about making customers feel secure, using data analytics and problems with embracing big data
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July 07, 2017
07
Jul'17
Govia Thameslink rail operator picks Worldline for mobile ticketing
Rail operator Govia Thameslink sets out to replace its desktop ticket issuing service with a Worldline mobile solution
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July 07, 2017
07
Jul'17
Lloyds Bank joins Swift blockchain proof-of-concept project
Twenty-eight banks collaborate in blockchain project that will enable the real-time management of accounts used to make cross-border payments
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July 06, 2017
06
Jul'17
TfL figures reveal massive contactless adoption
Transport for London figures for the use of contactless payments on its network add weight to its plans to sell its expertise to other cities
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July 05, 2017
05
Jul'17
Experian upgrade causes glitches in service
Credit scoring company recently upgraded its systems and introduced a new mobile app that caused temporary issues for some customers
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June 29, 2017
29
Jun'17
App-based banking continues its ascent in the UK
The number of people banking from their mobile phones is increasing as more services are made available through the channel
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June 27, 2017
27
Jun'17
Danish mobile payments users get lock-screen and Touch ID technology
Holders of Denmark’s national debit card can use their fingerprints to instigate payments
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June 23, 2017
23
Jun'17
Housing developer rolls out HCM to pave way for stock market listing
Bonava, which provides affordable and sustainable housing in Northern and Eastern Europe, rolled out HR technology in record time to meet a deadline to list on the Stockholm Stock Exchange
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June 22, 2017
22
Jun'17
Insurance industry transformation will mirror travel sector through insurtech
Insurtech is gaining momentum, and companies in the sector of all sizes and ages can learn from startups
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June 21, 2017
21
Jun'17
The human apprentices behind robotic automation
IT apprentices are helping large businesses transform their back-office processes through software robots
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June 19, 2017
19
Jun'17
Hovis boosts job applications after HR tech roll-out
Baker and flour miller expects a quick payback from HR technology project
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June 19, 2017
19
Jun'17
Bahrain’s central bank creates fintech testing environment
Regulatory sandbox will enable fintech companies to test out their products and services
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June 16, 2017
16
Jun'17
Greggs bakes in business change programme with SAP
UK baker and food-to-go retailer says it has significantly advanced its business change programme with a full panoply of SAP software
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June 15, 2017
15
Jun'17
Majority of Brits would use artificial intelligence, survey finds
The level of trust for using artificial intelligence for customer services has increased among British people, although they may have little choice as businesses flock towards the technology