News

Financial applications

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
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
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
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

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%
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
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
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
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
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

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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
June 14, 2017 14 Jun'17
Microchips implanted in hands could be in use for payments in 20 years

UK consumers are becoming more accepting that biometric authentication will become the norm for payments
June 14, 2017 14 Jun'17
HR technology essential to cutting-edge customer service, say big businesses

If you can’t get your internal HR systems right, the business will suffer – Jaguar Land Rover, Lufthansa and Russia’s Sberbank explain why
June 09, 2017 09 Jun'17
Patent group prepares for tough data protection laws by moving HR to the cloud

CPA Global to replace ERP-based HR system as it gears up to comply with the General Data Protection Regulation
June 07, 2017 07 Jun'17
Challenger bank technology arm hires former ABN Amro IT executive as CIO

Bank and banking technology supplier Fidor hires an experienced banking CIO to support its international expansion
May 31, 2017 31 May'17
Hundreds of sub-postmasters have applied to join IT-related legal action since March

The number of sub-postmasters who claim to have suffered as a result of a faulty Post Office IT system has reached 1,300
May 30, 2017 30 May'17
Taiwan’s OwlTing taps blockchain to improve food safety

The e-commerce company is using blockchain technology to provide consumers with greater transparency on food sources and production processes
May 25, 2017 25 May'17
Old foes, new friends: Nordic banks and startups increase collaboration

Banks and startups in the Nordic region are working together to develop new ideas in financial technology
May 25, 2017 25 May'17
Debit card transactions to overtake cash payments, thanks to contactless

The number of payments made using debit cards will exceed the number made by cash three years earlier than expected, as a result of the success of contactless technology
May 24, 2017 24 May'17
Dubai financial services regulator launches temporary licence aimed at fintechs

Dubai is making it easier for financial technology companies to test out their ideas through a temporary licence
May 24, 2017 24 May'17
SAP aligns with Saudi Arabia’s IT transformation agenda

Global software giant SAP sees an opportunity for its wide portfolio in Saudi Arabia as the Middle Eastern country transforms
May 24, 2017 24 May'17
Twenty years of online banking has increased financial awareness

Online banking is helping people manage their finances better and reduce their debt as a result
May 24, 2017 24 May'17
Digital-only business bank gets regulatory approval

The latest challenger bank gets its regulatory approval and puts modern technology at the core of its offering
May 22, 2017 22 May'17
Denmark's Spar Nord bank in app dispute with Apple

Danish bank Spar Nord considers legal dispute with Apple over the supplier’s rejection of mobile app
May 17, 2017 17 May'17
London digital sector continues to grow faster than rest of UK

The gap between the number of digital tech firms in London and the rest of the UK is growing
May 16, 2017 16 May'17
Customer experience transformation at Macquarie bank brings legacy system retirement as a bonus

Australia’s Macquarie bank builds a data layer on top of legacy IT systems to transform customer experience
May 16, 2017 16 May'17
Samsung Pay finally hits the UK

Mobile payments app available in the UK nearly two years after its launch
May 15, 2017 15 May'17
Nordea moves staff to Stockholm Fintech Hub

Nordic bank is shifting some of its workforce closer to fintech activity in the Swedish capital
May 11, 2017 11 May'17
London will lose its European tech leadership status because of Brexit

London is at risk of being usurped as the tech capital of Europe because of the UK's impending withdrawal from the benefits of EU membership
May 10, 2017 10 May'17
RBS cuts hundreds of UK IT jobs

The Royal Bank of Scotland is cutting hundreds of tech jobs as it prepares for life as a smaller organisation
May 10, 2017 10 May'17
Blockchain economy on the horizon

Blockchain technologies will enable many new and disruptive business models than the internet itself, an expert predicts
May 09, 2017 09 May'17
Blockchain gains momentum in the Middle East

Blockchain is gathering pace in the Middle East, with the United Arab Emirates leading the way
May 09, 2017 09 May'17
Brexit yet to dampen fintech recruitment in London

Fintechs are still recruiting in London as large banks start to make plans to move staff to EU countries
May 08, 2017 08 May'17
Unit4 adds machine learning to services-centric ERP system

Unit4, which majors on business applications software for professional services firms and universities, adds machine learning to its product suite, as announced at a customer event in Rotterdam
May 03, 2017 03 May'17
SAP focuses on training young Arab graduates in Middle East

SAP has a raft of initiatives planned in the Middle East which includes a strategy to equip young people and entrepreneurs with the IT skills required as the region transforms.
May 03, 2017 03 May'17
Barclays Bank opens startup hub in London

Bank aims to support fintech firms in their early stages
April 27, 2017 27 Apr'17
TSB launches first fruit of its owner’s proprietary system

TSB launches its first IT-based service built on its new core IT platform called Proteo
April 25, 2017 25 Apr'17
SAP Q1 2017 results: cloud revenue €906m, 5,800 customers for S/4

SAP has announced €5.29bn in first quarter 2017 revenue, of which €906m was for cloud subscription and support, 17% of the total. Supplier adds 400 S/4 Hana customer in quarter
April 25, 2017 25 Apr'17
UK trade department in New York to promote fintech firms

Group of financial technology firms taken to New York to show off their knowledge of regulatory compliance software
April 24, 2017 24 Apr'17
Gulf Air refreshes storage and server farm hardware with Dell EMC

Airline completes major project to revamp its storage infrastructure with Dell EMC technologies
April 24, 2017 24 Apr'17
SAP board member talks Middle East investment

In an interview with Computer Weekly, SAP’s chief financial officer, Luka Mucic, talks up the significance of the UAE and wider Middle East region in terms of IT transformation
April 24, 2017 24 Apr'17
Danish bank group first to offer mobile payments with Dankort

A group of banks in Denmark are working together on a mobile payments service
April 24, 2017 24 Apr'17
Criminal Courts Review Commission appoints forensic accountants for Post Office IT system cases

Investigation into claims of miscarriages of justice in relation to a Post Office accounting system has appointed a forensic accountant firm
April 20, 2017 20 Apr'17
Mastercard integrates biometric technology into cards

MasterCard tests out biometric technology embedded into payment cards, with further trials in Europe planned
April 20, 2017 20 Apr'17
Banks suffer average of 85 attempted serious cyber attacks a year, and one-third are successful

Banks face daily cyber attacks, many of which succeed in stealing data, research finds
April 20, 2017 20 Apr'17
InterContinental Hotel Group reveals extent of malware attack

Hotel group InterContinental (IHG) reveals that malware attempting to glean payment card details sat undetected on its network in the US for three months
April 19, 2017 19 Apr'17
IBM sales and profits down, but future focus areas see growth

IBM experiences another fall in sales, but it continues to sell more in areas that will make up its future business
April 18, 2017 18 Apr'17
SAP S/4 Hana gains traction in APAC

While SAP now counts companies such as China’s Ameco Beijing as clients, it is also going all out to address hitches that stand in the way of wider adoption of its S/4 Hana software
April 12, 2017 12 Apr'17
Chatbots, Fitbits and AI: IT suppliers identify the top trends in HR technology

Businesses are using Fitbits, artificial intelligence and chatbots to improve working life as competition increases to recruit talented ‘millennials’
April 07, 2017 07 Apr'17
Cyber security fears are a barrier to fintech innovation

Survey shows most large financial services firms believe better visibility of cyber security controls within fintechs would improve prospects of partnering with them
April 06, 2017 06 Apr'17
Research fires warning at banks over branch closures

Traditional retail banks cannot rely on customer loyalty if service levels drop as a result of branch closures and staff cuts
April 05, 2017 05 Apr'17
Technology investments core to JP Morgan Chase success

US investment bank is reaping the benefits of its $9.5bn annual technology spend
April 05, 2017 05 Apr'17
Chocolate maker Barry Callebaut gets sweet on cloud

Chocolate maker Barry Callebaut is increasingly using cloud-based apps to improve productivity and reduce costs
April 03, 2017 03 Apr'17
Australian banks’ move to boycott Apple Pay denied

Australia’s competition watchdog is concerned that the proposed conduct is likely to reduce or distort competition
March 30, 2017 30 Mar'17
UK insurtech startups follow fintech example

UK startups focused on technology for insurance companies saw capital investments double last year
March 28, 2017 28 Mar'17
1,000 sub-postmasters apply to join IT-related group litigation against Post Office

Group legal action against Post Office relates to allegedly faulty Horizon computer system
March 24, 2017 24 Mar'17
Serco uses HR technology to cut recruitment bill

International outsourced services supplier Serco is investing in HR recruitment technology to help it hire 15,000 to 20,000 people a year
March 20, 2017 20 Mar'17
Half of banks think more payments will be via fintechs by 2020

Fintechs have gone from being an emerging threat to banks to an opportunity for collaboration, according to an EIU report
March 19, 2017 19 Mar'17
Middle East fintech sector to accelerate this year with UAE leading the way

The financial technology industry could be at the start of a period of rapid growth in the Middle East
March 19, 2017 19 Mar'17
SAP to invest $200m in United Arab Emirates

European software maker plans investment to get near customers in the Middle East
March 17, 2017 17 Mar'17
Singapore startup partners IBM to pilot blockchain technology

Invictus’ distributed ledger prototype will offer financing options for small and medium-sized enterprises
March 16, 2017 16 Mar'17
HMRC urged to delay digital tax plan for businesses

Lords committee echoes previous criticism by MPs over timetable for Making Tax Digital programme and calls for further trials
March 16, 2017 16 Mar'17
Nordea goes beyond what is mandatory for PSD2

Nordic bank prepares for the introduction of the latest banking regulations through a platform that is open to third parties
March 16, 2017 16 Mar'17
Oracle Q3 2016-17 results: cloud revenue up, overall growth 2%

Oracle’s third-quarter results for fiscal year 2017 show 2% growth in overall revenue, with cloud representing 13% of the total. Executives are bullish on cloud ERP growth prospects
March 09, 2017 09 Mar'17
Nordea brings social aspect to saving with fintech startup Spiff

Nordea launches a mobile savings app from Norwegian finanical technology company Spiff
March 08, 2017 08 Mar'17
Abu Dhabi finance regulator pens fintech agreement with Singapore central bank

The financial services regulator in Abu Dhabi is co-operating with its counterpart in Singapore to promote financial technology developments
March 08, 2017 08 Mar'17
Investment industry to spend $2.8bn on AI by 2021, expected to cut quarter of a million jobs

230,000 jobs in the capital markets sector globally will be defunct because of the adoption of artificial intelligence technology
March 07, 2017 07 Mar'17
Bank branches still more popular than mobile apps for new accounts

Major research reveals the opportunities and challenges facing fintech firms
March 01, 2017 01 Mar'17
Over 100 Norwegian banks join forces in mobile payments

Nordic banks form an alliance on mobile payments and take over the Vipps platform
February 28, 2017 28 Feb'17
UK fintech investment down in 2016

Investment in UK fintech went down in 2016 but is still ahead of 2014 numbers, according to figures from FinTech Global
February 28, 2017 28 Feb'17
What are CIOs doing about the rise of blockchain?

Six CIOs share their views on the rise of blockchain and how to take advantage of this emerging technology
February 27, 2017 27 Feb'17
Santander bank to work with IBM developing mobile apps for staff

Santander bank wants to make its staff more productive through mobile apps, which it will create alongside IBM
February 27, 2017 27 Feb'17
Hundreds more sub-postmasters apply to join group action against Post Office

Initial hearing regarding sub-postmasters who say they were wrongly punished for false accounting reveals admission by Post Office legal team
February 24, 2017 24 Feb'17
Number of people hit by professional financial cyber attack grows after lull

Kaspersky Labs reports that the number of people hit by financial cyber attack grew in 2016 after falling in the previous two years
February 23, 2017 23 Feb'17
Starling Bank opens API with hackathon

Challenger bank Starling opens its API up to developers in hackathon at Google’s London Campus