News

Financial applications

• July 21, 2023 21 Jul'23

  SAP’s Klein sees $1tn market for AI business software

  Enterprise software company embeds AI across product portfolio to improve efficiency in business processes

• July 17, 2023 17 Jul'23

  Subpostmaster compensation deadline will be missed, warns public inquiry chair

  Subpostmasters that successfully sued the Post Office and exposed the Horizon scandal are at the ‘back of the queue’ and won’t receive compensation by current deadline

• July 11, 2023 11 Jul'23

  Horizon inquiry adjourned as Post Office disclosure failures threaten to ‘derail’ proceedings

  Statutory public inquiry into Post Office Horizon scandal adjourned because of Post Office disclosure failures, ‘retraumatising’ victims of a scandal that destroyed the lives of thousands of people

• July 11, 2023 11 Jul'23

  Peer calls for every Post Office prosecution to be reviewed

  Post Office prosecutions should be reviewed in light of damning evidence laid bare by statutory public inquiry into Horizon scandal, says peer James Arbuthnot

• July 10, 2023 10 Jul'23

  Post Office inquiry must examine rule on IT evidence if miscarriages of justice are to be avoided

  Public inquiry must examine role of court rules around use of computer evidence that enabled Post Office to prosecute innocent people

• July 06, 2023 06 Jul'23

  Former Fujitsu IT chief evidence postponed after late Post Office disclosure

  Post Office has disrupted Horizon inquiry schedule through late disclosure of ‘significant’ evidence as key IT witness evidence is postponed

• July 03, 2023 03 Jul'23

  Deutsche Bank completes migration of millions of Postbank customers

  Deutsche Bank has completed the migration of 12 million Postbank customers to its banking platform

• June 21, 2023 21 Jun'23

  Software spending grows fastest as finance firms spend $652bn on tech in 2023

  Banks and investment firms are increasing their spending on IT despite gloomy economic outlook, but priorities have changed

• June 20, 2023 20 Jun'23

  ServiceNow’s Bill McDermott: a ‘work in progress’

  Bill McDermott, president and CEO of ServiceNow, speaks to Computer Weekly about his vision for the company and the technology industry, which he believes to be in the throes of exponential change

• June 20, 2023 20 Jun'23

  Post Office will not oppose potential Horizon conviction appellants

  Post Office CEO told MPs that the organisation is telling some subpostmasters it won't oppose them if they appeal

• June 14, 2023 14 Jun'23

  Banks still investing heavily in legacy payments systems

  Banks are missing out on additional revenues through payment services because they are stuck with inflexible legacy payments systems.

• May 28, 2023 28 May'23

  Australia’s Disability Trust picks Boomi integration platform

  The non-profit organisation is using Boomi’s integration platform to integrate a mix of legacy and new systems to deliver real-time data updates and improve payroll processing, among other goals

• May 25, 2023 25 May'23

  Fintech pioneer Anne Boden steps aside from challenger bank CEO role

  Fintech pioneer to step aside for a new CEO after 10 years building a UK banking unicorn

• May 24, 2023 24 May'23

  JPMorgan’s UK digital retail bank adds more than a million customers in a year

  The app-based bank launched in the UK by US giant JPMorgan has added one million customers in the past 12 months

• May 12, 2023 12 May'23

  IT Priorities 2023: Business automation intensifies as data governance returns

  Business automation and a renewed focus on data governance to get more value from data have attracted more interest for UK enterprise software investment, says the TechTarget IT Priorities 2023 survey

• May 12, 2023 12 May'23

  Post Office lawyer bragged how team ‘destroyed attack on the Horizon system’ and put woman in prison

  A senior Post Office lawyer appeared gleeful in email about how his team helped prosecute a subpostmaster who was sent to prison

• May 11, 2023 11 May'23

  Google Cloud and SAP in enterprise open data push

  Long-time technology collaborators Google Cloud and SAP are embarking on a push to make it easier for enterprises to derive value from their data and put it to use in artificial intelligence and machine learning settings

• May 11, 2023 11 May'23

  Fujitsu staff had ‘unrestricted and unauditable’ remote access to Post Office branch systems

  Fujitsu engineers could make changes to Post Office branch accounts without anyone knowing

• April 28, 2023 28 Apr'23

  More Post Office software-related convictions overturned takes total to 86

  A total of 86 former subpostmasters wrongly prosecuted for financial crimes after computer errors showed phantom losses have had convictions overturned

• April 27, 2023 27 Apr'23

  Zopa’s emotional journey to becoming a bank

  Zopa Bank’s CEO sees no reason why the app-based bank should not be as big as the high street giants

• April 25, 2023 25 Apr'23

  Lloyds Bank joins industry IT standards group

  UK banking giant Lloyds Banking Group has joined an industry group which promotes global IT standards

• April 20, 2023 20 Apr'23

  Banks don’t want to develop fintech in-house

  Banks are increasingly partnering with fintechs to gain access to their platforms, with few interested in developing such capabilities in-house

• April 14, 2023 14 Apr'23

  Former TSB CIO fined for migration meltdown

  Both TSB and its CIO have now been fined for the catastrophic migration of TSB’s core banking system

• April 06, 2023 06 Apr'23

  CCRC says ‘door open’ for more reviews of subpostmaster convictions

  The Criminal Cases Review Commission (CCRC) has told former Post Office workers the door is still open for them to come forward if they were prosecuted for financial crimes based on evidence from Horizon software

• April 05, 2023 05 Apr'23

  The Folio Society turns over new leaf with NetSuite

  Well known for its illustrated, hardback editions of books, The Folio Society has brought its finance systems up to date, in part to aid international growth, with Oracle NetSuite

• April 03, 2023 03 Apr'23

  Lloyds and NatWest banks join Barclays in latest round of branch closures

  Lloyds and NatWest banks announce more branch closures as UK high streets continue to be stripped of banking services

• March 27, 2023 27 Mar'23

  JP Morgan pilots palm and face-recognition technology in US

  JP Morgan is testing out its biometric payment technology in selected retailer stores and at the upcoming Formula 1 Grand Prix in Miami

• March 15, 2023 15 Mar'23

  How industry cloud platforms are shaping the future of business applications

  More than half of enterprises are expected to use industry cloud platforms that combine cloud-based infrastructure, platform and application services to accelerate their business by 2027

• March 13, 2023 13 Mar'23

  Subpostmaster demands names of Post Office executives who crushed him to suffocate truth

  One Post Office scandal victim was deliberately destroyed by the Post Office to deter other subpostmasters from challenging the integrity of its core computer system

• March 08, 2023 08 Mar'23

  Executive interview: BT chief procurement officer, Cyril Pourrat

  BT Sourced is part of BT Group and aims to tackle the telecommunications giant’s multibillion-pound spending. We speak to its procurement chief

• March 07, 2023 07 Mar'23

  IT worker evidence reveals a toxic Post Office IT helpdesk that discriminated against subpostmasters

  IT worker tells public inquiry that the Post Office Horizon helpdesk was toxic, rudderless and racist

• March 06, 2023 06 Mar'23

  Fintech industry calls for regulatory change to help struggling consumers

  Fintech trade body calls for regulatory changes to allow fintechs to broaden services for people struggling in the cost-of-living crisis

• March 06, 2023 06 Mar'23

  Guinness World Records goes digital

  Guinness World Records has been around since 1955. Over the past 20 years, it has transformed from book publishing to consultancy and digital content creation, most recently marshalling NetSuite

• March 06, 2023 06 Mar'23

  How to get mainframe modernisation right

  Around a third of mainframe modernisation efforts fail, but that doesn’t need to be the case if organisations can harness the best of mainframe and distributed architectures, according to Rocket Software

• March 03, 2023 03 Mar'23

  Shawbrook Bank uses Pegasystems for low-code business process rewrite

  SME lending and savings bank Shawbrook Bank is using a low-code platform from Pegasystems to rewrite outdated business processes

• February 28, 2023 28 Feb'23

  Post Office’s most senior executives hushed up Horizon errors, public inquiry told

  The Post Office messaging strategy was designed to reassure staff that the Horizon accounting system was robust after Computer Weekly first revealed problems in 2009

• February 21, 2023 21 Feb'23

  NetSuite and Oracle executives optimistic about economy

  Oracle NetSuite’s recent SuiteConnect event in London found executives in optimistic mood about the economy and positive about synergies between the two businesses

• February 21, 2023 21 Feb'23

  Average consumer spent more than £3,300 using contactless payments in 2022

  The amount of money spent using contactless payment technology continues to rise as consumers take advantage of higher allowable spending limits

• February 08, 2023 08 Feb'23

  CDO interview: Very’s Steve Pimblett on finding UB40

  The chief data officer of online retailer Very, Steve Pimblett, explains the place of data cataloguing in its data strategy, both for governance and innovation

• February 07, 2023 07 Feb'23

  ‘Profound’ digital pound decision faces policymakers

  The UK Treasury has launched a consultation paper to help lay the foundations for a ‘profound decision’ over a digital currency

• February 07, 2023 07 Feb'23

  TSB pilots pods as branch replacements

  TSB joins Barclays in adopting banking pods to ensure customers have access to physical banking services as the number of high street branches declines

• February 01, 2023 01 Feb'23

  PayPal slashes 2,000 jobs in face of tough economic outlook

  Fintech giant making thousands of redundancies as global economic outlook remains poor

• January 31, 2023 31 Jan'23

  Crédit Agricole tests quantum in finance

  The corporate and investment bank has run experiments with Pasqal and Multiverse to demo quantum computing in finance

• January 27, 2023 27 Jan'23

  SAP 2022: 11% revenue growth, 2.5% staff targeted by restructure

  SAP has announced full-year 2022 revenue of nearly €31bn, up 11% year on year. In 2023, it will explore a sell-off of Qualtrics stake and do a restructure, with an impact on 2.5% of staff

• January 26, 2023 26 Jan'23

  Final months of 2022 saw highest ever number of bank account switches

  More people than ever before switched their current account provider using the government’s switching service

• January 24, 2023 24 Jan'23

  SMEs keen on embedded finance, but more choice needed to increase take-up

  Suppliers to small and medium-sized enterprises need to offer more choice when embedding financial products in their services if take-up is to increase

• January 18, 2023 18 Jan'23

  Advisory board goal for Post Office scandal victims to be returned to rightful financial position

  The board set up to monitor the compensation scheme for Post Office scandal victims agrees goal of returning them to the financial position they would be in had the scandal never happened

• January 17, 2023 17 Jan'23

  UK fintech payments unicorn cuts back as Covid-19 boost wears off

  Payments infrastructure firm Paddle downsizes as Covid-19-generated business boost runs out of steam

• January 15, 2023 15 Jan'23

  Thai enterprises spend more on software amid growing digitalisation

  The majority of software spending in Thailand during the first half of 2022 went into applications followed by infrastructure software and development tools, according to IDC

• January 12, 2023 12 Jan'23

  How Indian banks can drive automation in corporate banking

  Banks should prioritise their processes for automation based on the level of human intervention, understand their processes thoroughly and put employees at the centre of their automation efforts