News

Financial applications

February 21, 2017 21 Feb'17
Visa opens London technology centre

Visa opens a space in London where it can test out technologies alongside customers and suppliers
February 20, 2017 20 Feb'17
Netherlands expertise unravels enterprise blockchain

Dutch hackathons, pilots and projects are building new applications based on blockchains
February 17, 2017 17 Feb'17
High Court rules for SAP, against Diageo in indirect licensing case

Judge rejects Diageo’s submission that SAP PI is a “gatekeeper” licence for gaining access to the SAP suite of applications and database
February 16, 2017 16 Feb'17
Oracle executives claim more comprehensive reach for cloud business

At a recent customer conference in London, US-based Oracle executives gave accounts of the supplier’s cloud business as becoming at once more enterprise and more mid-market

February 14, 2017 14 Feb'17
Diablo targets flash in DIMM slots at in-memory apps

Apps such as Apache Spark need memory. Diablo has changed tack to provide flash as memory in DIMM slots that acts as cache behind regular DRAM so apps don’t have to hit disk storage
February 13, 2017 13 Feb'17
Singapore's central bank sets up analytics group

The move by The Monetary Authority of Singapore is part of larger efforts to position Singapore's financial sector for the digital economy
February 13, 2017 13 Feb'17
Santander introduces voice-controlled payments

Santander has taken its voice-controlled banking initiative to the next phase, with customers now able to make payments by voice
February 09, 2017 09 Feb'17
SAP connects S/4 Hana in the cloud with ‘intelligent’ ERP

SAP has announced an intensification of S/4 Hana cloud delivery, together with an infusion of its enterprise resource planning with artificial intelligence
February 08, 2017 08 Feb'17
HM Treasury committee questions costs of HMRC’s Making Tax Digital programme

Committee chairman Andrew Tyrie asks government to clarify costs after small businesses estimate price to be significantly higher
February 01, 2017 01 Feb'17
Middle East bank claims blockchain first in payments

The National Bank of Abu Dhabi is to use blockchain-based technology to offer cross-border payments service to its customers

January 31, 2017 31 Jan'17
HMRC aims to ease transition to digital tax returns for UK businesses

HM Revenue & Customs sticks to 2018 deadline despite warnings from MPs, but three-year transition will cost firms £1bn before savings kick in
January 31, 2017 31 Jan'17
SAP aims to clarify S/4 Hana, cloud apps roadmaps for customers

The SAP board has launched an initiative to publish and clarify roadmaps, especially in respect of S/4 Hana and its cloud applications, and one product of this is a new technology choice tool
January 29, 2017 29 Jan'17
Artificial intelligence will increase productivity by sharpening human mind

The combination of AI and humans will triple productivity if businesses get the balance right for different roles
January 27, 2017 27 Jan'17
Post Office facing group litigation over Horizon computer system after watershed decision

The group action against the Post Office that alleges sub-postmasters have been wrongly punished for accounting errors gets a green light from the High Court of Justice
January 24, 2017 24 Jan'17
Post Office offers banking for all UK accounts as bank branch closures continue

Customers of all UK banks can receive branch services through the Post Office after a deal agreed last year takes effect
January 24, 2017 24 Jan'17
SAP 2016 results: cloud revenue almost €3bn, 5,400 S/4 customers

SAP declares full-year 2016 revenue of €22bn, of which nearly €3bn was cloud – almost 14%
January 23, 2017 23 Jan'17
Singapore and Indonesia stand out for IT spend in Apac banking sector

Singapore is the top spender on IT for banking of all developed economies in the Apac region, while Indonesia has the fastest growth rate in IT spending
January 23, 2017 23 Jan'17
Schroders staff to complete daily tasks on mobile devices

The asset management company wants to make it easier for its staff to complete everyday tasks by linking mobile devices to enterprise systems
January 18, 2017 18 Jan'17
MasterCard offers remedies to watchdog fears over VocaLink acquisition

MasterCard and VocaLink respond to Competition and Markets Authority’s concerns over proposed merger
January 17, 2017 17 Jan'17
Blockchain can cut investment bank infrastructure costs by 30%

Investment banks can make huge cuts to their IT infrastructure costs through blockchain, according to analysis
January 13, 2017 13 Jan'17
Davos: Technology poses new risks to jobs, economies and society

Politicians and business leaders will discuss the risks posed by technology to jobs, political stability and cyber security at the World Economic Forum in Davos
January 12, 2017 12 Jan'17
Lloyds Bank digital banking problems an industry warning

Lloyds Bank’s digital banking problems still unresolved after a second day
January 12, 2017 12 Jan'17
People attracted to financial advice from robots because they consider it impartial

Consumer acceptance of software robots providing banking support is increasing and banks are investing heavily in the technology
January 05, 2017 05 Jan'17
Robots replace staff at Japanese insurance firm

Japanese insurance company Fukoku Mutual Life Insurance replaces 34 members of its claims assessment team with IBM Watson
January 04, 2017 04 Jan'17
Pernod Ricard toasts better demand forecasting with Infor

Drinks company Pernod Ricard, known for its Absolut, Malibu and Jameson tipples, has improved demand forecast accuracy with Infor software
December 22, 2016 22 Dec'16
Top 10 business applications stories of 2016

Artificial intelligence and machine learning, along with the internet of things, have been the emerging elements in business applications in 2016. Cloud, too, has shaped supplier agendas
December 21, 2016 21 Dec'16
2017 UK IT budgets show increased CRM and business automation focus

CRM has emerged as the number one UK IT spending priority for 2017, in terms of packaged business applications. Beyond packaged, the top three software initiatives were business process automation, data quality and governance
December 21, 2016 21 Dec'16
Top 10 CW Middle East stories of 2016

Read the most popular articles about enterprise IT in the Middle East
December 20, 2016 20 Dec'16
Top 10 CW Nordics stories of 2016

Read the top 10 Nordic enterprise IT stories from Computer Weekly
December 19, 2016 19 Dec'16
Review of 2016: Top 10 CW Benelux articles

Here are the 10 most popular Benelux-focused Computer Weekly articles of 2016
December 16, 2016 16 Dec'16
Oracle Q2 2016-17 results: cloud growth but overall revenue flat

Oracle’s Q2 results for fiscal year 2017 indicate 70% growth in cloud revenue from $649m in same year ago quarter to $1.1bn, 12% of overall revenue, flat at $9bn
December 13, 2016 13 Dec'16
Metro Bank moves IT infrastructure to cloud

Metro Bank moves its IT infrastructure to a private Rackspace cloud platform, which will allow it to keep up with the latest technologies and reduce costs
December 09, 2016 09 Dec'16
From Symbian to finance apps – Nokia expertise harnessed by banks

Banks in the Nordic region are taking advantage of the Nokia legacy left in Finland
December 06, 2016 06 Dec'16
Blow for Australian banks in Apple dispute

Australia's big banks might not be granted leave to collectively bargain with and boycott Apple over its Apple Pay service
December 05, 2016 05 Dec'16
Top 10 ANZ enterprise IT stories of 2016

Here is a rundown of Computer Weekly’s most popular ANZ enterprise IT articles for 2016
December 05, 2016 05 Dec'16
Top 10 Asean enterprise IT stories of 2016

The 10 most popular Asean articles of 2016
November 30, 2016 30 Nov'16
Blockchain-based gold trading planned for 2017

Thousand-year-old organisation The Royal Mint is the latest financial services business to harness blockchain technology
November 28, 2016 28 Nov'16
Commercial Bank of Dubai to launch digital-only bank

Dubai bank is set to launch a digital-only bank that will be based on mobile phones
November 24, 2016 24 Nov'16
Competition authority wants feedback on open banking plan

The government’s Competition and Markets Authority is asking for feedback on its proposals to introduce competition in the retail banking sector
November 23, 2016 23 Nov'16
Nationwide breaks norm and opens branch because of technology

Nationwide Building Society is bringing a bank branch back to Glastonbury to try out new technology on customers
November 23, 2016 23 Nov'16
Axa offers on-demand insurance via mobile app

Insurance company launches app that offers quick and easy insurance cover for individual items owned by customers
November 22, 2016 22 Nov'16
Middle East bank to launch AI for customer support

Middle East bank Emirates NBD is piloting artificial intelligence to automate customer services
November 22, 2016 22 Nov'16
Barclays pilots contactless cash withdrawals

Barclays bank is piloting technology to enable customers to withdraw cash by just tapping their smartphone or contactless card on a reader
November 21, 2016 21 Nov'16
Future of Apple Pay Australia still unresolved

There are still uncertainties over Apple Pay among Australia’s big banks, but smaller finance firms are looking at ways to offer the payment service to their customers
November 21, 2016 21 Nov'16
Singapore central bank tests blockchain for bank-to-bank payments

Singapore's central bank is overseeing a project that could lead to a single blockchain system being used for banks to transact with each other
November 18, 2016 18 Nov'16
Elekta turns to workforce analytics to inform board decisions

Board executives at healthcare company Elekta are analysing workforce data to make better strategic decisions
November 17, 2016 17 Nov'16
Dutch bank ING to spend millions ‘disrupting’ its own business

Dutch bank ING used digital technology to reinvent itself following the financial crash, and is about to reinvent itself again, says its global CTO, Brendan Donovan
November 17, 2016 17 Nov'16
Lending platform pioneer Zopa aims to become a UK bank

Zopa, the company that pioneered the peer-to-peer lending sector with its tech platform, looks to add more disruption to the retail banking market
November 17, 2016 17 Nov'16
Citibank Australia to go cashless as digital technology takes hold

Citibank will no longer handle cash at its six branches in Australia as digital channels reduce demand for cash transactions
November 16, 2016 16 Nov'16
Barnsley Council maximises adoption of mobile apps though staff consultation

Barnsley Metropolitan Borough Council is rolling out SAP Fiori apps in HR initially, and learning how to adapt to user needs from surgeries and workshops
November 16, 2016 16 Nov'16
UK almost bottom of OECD pile for ICT investment

The UK ranks low in terms of how much it invests in the ICT infrastructure as a proportion of GDP
November 16, 2016 16 Nov'16
Finland’s Automatia launches real-time platform

Finnish ATM network operator launches a mobile payments platform that banks and service providers can offer their customers
November 12, 2016 12 Nov'16
Gulf Cooperation Council’s local companies eye regional shared services

Enterprises indigenous to the Gulf region are taking their first step into business and IT shared services through internal developments
November 09, 2016 09 Nov'16
Fintech disruption hits UK cheque processing industry

Cheque processing company makes huge cuts to its operation as new technology reduces demand for its services
November 08, 2016 08 Nov'16
ANZ bank puts cloud expert in leading IT role

Australian bank has recruited another senior executive from the IT supplies sector to support its digital developments
November 07, 2016 07 Nov'16
Oracle consummates acquisition of NetSuite, eyes $1bn cloud revenue

$9.3bn acquisition is in line with Oracle’s avowed move to cloud as a delivery mode for its business applications
November 02, 2016 02 Nov'16
Three-quarters of banks see startups as best way to access latest technology

The latest survey of banks by Efma and Infosys reveals a big appetite for working with startups in the traditional banking sector
November 01, 2016 01 Nov'16
Insurers face same legacy system battle as retail banks

The biggest barrier to insurance companies adopting digital technology is their heavy reliance on legacy IT systems
October 26, 2016 26 Oct'16
Botched IT migration cost Vodafone customers thousands

Ofcom imposes multimillion-pound fine on mobile operator after an investigation uncovered multiple failings arising from a problematic IT systems migration
October 25, 2016 25 Oct'16
Insurers are joining fintech party

Insurers are held back from digital transformation by legacy systems, but insurance-focused IT startups offer them hope
October 24, 2016 24 Oct'16
UAE telco launches mobile wallet

Etisalat signs deal with technology company to offer its customers a mobile wallet service, as fintech expands in the Middle East
October 20, 2016 20 Oct'16
Dutch bank ING returns to the UK with a mobile app

ING is offering a mobile app that allows consumers to manage accounts with different banks in one place
October 19, 2016 19 Oct'16
Emirates NBD pilots blockchain-based money transfers

UAE bank becomes the latest to test out the potential of blockchain technology for improving financial services processes
October 18, 2016 18 Oct'16
Abu Dhabi Securities Exchange uses blockchain for e-voting

Abu Dhabi Securities Exchange offers controlled access to the AGM information of listed companies through a blockchain-based service
October 14, 2016 14 Oct'16
Three-quarters of Brits use mobile banking

Europeans are rapidly taking up mobile banking which, combined with the adoption of contactless cards, is driving the digital payments sector
October 07, 2016 07 Oct'16
Digital-only Atom banks is open to public

Following an invite-only launch and some fine-tuning, digital-only Atom bank is now fully open in the UK
October 05, 2016 05 Oct'16
Businesses need to put more focus on internal IT services

Businesses are failing to offer staff the service levels they expect for internal company services, such as human resources and finance, says Fruition Partners survey
October 03, 2016 03 Oct'16
Amex Global Business Travel pools data lake to bolster ‘duty of care’

Amex Global Business Travel is investing in modern IT, including cloud analytics, to pivot its business towards serving the traveller in their whole journey
September 28, 2016 28 Sep'16
Mastercard woos software developers with API platform

Credit card company Mastercard is investing heavily in digital payments and wants to engage with developers and startups
September 28, 2016 28 Sep'16
UK Oracle MD: companies repeating tangled architectures in cloud

Oracle’s UK, Ireland and Israel managing director, Dermot O’Kelly takes stock of Open World 2016 and urges CIOs not to reinvent on-premise “accidental architectures” in the cloud
September 26, 2016 26 Sep'16
Unprecedented hardware problem brings down Australian Stock Exchange

Financial regulator launches probe after hardware failure in main database led to problems for stock exchange market system
September 26, 2016 26 Sep'16
Emirates Islamic bank and the Muslim finance revolution

The CIO at Dubai-based bank Emirates Islamic tells Computer Weekly how IT is supporting the company through industry change
September 23, 2016 23 Sep'16
RBS tests claim blockchain could replace UK’s Faster Payments bank clearing scheme

Researchers at the Royal Bank of Scotland investigate the use of distributed ledger technology for bank clearing systems
September 21, 2016 21 Sep'16
Finland’s OP Financial Group outlines digital ambitions

Chief digital officer at financial services group describes how new technology is fundamentally changing the business
September 19, 2016 19 Sep'16
Singapore spells out e-payment vision

Singapore outlines its strategy to use electronic payments to improve things for businesses and consumers
September 19, 2016 19 Sep'16
OpenWorld 2016: Ellison stakes claim for infrastructure as a service

In his opening keynote at Oracle OpenWorld 2016, Oracle chairman and CTO cites AWS, Workday and Microsoft as main competitors for cloud revenue in enterprise IT
September 16, 2016 16 Sep'16
Bank of England sets date for core payments system replacement

Bank prepares to replace one of the UK's core financial systems, with Real Time Gross Settlement service set to be modernised
September 16, 2016 16 Sep'16
Oracle Q1 2016-17: Oracle's cloud sales grow to almost $1bn

Oracle’s first-quarter fiscal 2017 revenue increased by 2% year-on-year, with cloud revenue for the quarter reaching $969m
September 14, 2016 14 Sep'16
Yorkshire Bank to invest in online banking to support cost cutting

Clydesdale and Yorkshire group to invest in technology at retail bank while reducing staff and number of branches
September 13, 2016 13 Sep'16
Banks and fintech firms respect each other, says HSBC boss

The relationship between banks and fintech companies has sweetened over the past five years with mutual respect evident, says HSBC boss
September 13, 2016 13 Sep'16
DNB and Nordea to merge IT operations for Baltic super bank

Two of the Nordic region’s banks will use joint operations, including IT, to help them grow in the Baltic area
September 08, 2016 08 Sep'16
Bank IT spending to hit $241bn across four major global regions

IT spending across four major economic regions will increase by around 4% in 2016, but Europe is the least certain
September 07, 2016 07 Sep'16
Barclays uses blockchain for trade finance transactions

Barclays Bank has successfully tested the use of blockchain technology to complete a large trade finance agreement, which promises huge efficiencies
September 07, 2016 07 Sep'16
SAP Hana implementation pattern research yields contradictory results

Research into the user adoption of SAP’s Hana database platform and its S/4 Hana ERP system presents a confusing pattern. Storming ahead or running aground?
September 07, 2016 07 Sep'16
Thousands of jobs at risk in Scotland’s finance sector if technology adoption is slow

Scotland's financial services industry must get to grips with fintech quickly if it is to prosper, according to academic research
August 09, 2016 09 Aug'16
Retail banks ordered to open up APIs

The Competitions and Markets Authority opens up the banking apps market following an investigation into how to create greater competition in banking
August 05, 2016 05 Aug'16
RBS abandons IT project for hiving off 300+ bank branches

RBS has abandoned a project to create an IT platform to support the sell-off of more than 300 bank branches
August 04, 2016 04 Aug'16
Singapore’s DBS Bank signs up to Amazon cloud

The latest move in the cloud journey of DBS bank in Singapore is an agreement with Amazon Web Services
August 04, 2016 04 Aug'16
Why Asean SMBs increasingly opt for SaaS

Region is seeing a rapid take-up of cloud-based business software driven by SMBs and large firms expanding in Southeast Asia
August 03, 2016 03 Aug'16
Blockchain could be decades away for Australian enterprises

Blockchain use by Australian enterprises could be decades away despite the hive of activity around the technology
July 28, 2016 28 Jul'16
Oracle buys NetSuite, but vows to respect independence

Oracle has agreed to buy NetSuite but the acquired company will retain autonomy says Oracle
July 21, 2016 21 Jul'16
Banking via websites in decline as mobile apps take over

The use of mobile apps to bank is growing fast and fewer people use the internet to handle their financial affairs
July 21, 2016 21 Jul'16
IT outsourcing falls steeply in second quarter but IT as a service sees strong growth

Sales of IT as a service growth in Europe helped offset a huge fall in the total value of traditional IT and business process outsourcing contracts
July 20, 2016 20 Jul'16
Insurance firm frees itself from legacy shackles

Insurance intermediary is moving its IT infrastructure into the cloud in a 12-month project that also sees it update its end-user computing technologies
July 18, 2016 18 Jul'16
Oracle targets cloud sales at Asia Pacific’s mid-sized firms

Software giant aims to hire 1,000 professionals to drive mid-market growth in Apac region
July 14, 2016 14 Jul'16
Challenger bank Starling gets UK banking licence

Starling Bank, which will offer smartphone-based current accounts, has been given a UK banking licence
July 13, 2016 13 Jul'16
Biometrics on payments devices safe, say three-quarters of consumers

Most consumers think biometric authentication is the best way to secure payments via mobile devices, Visa survey finds
July 13, 2016 13 Jul'16
UK retail banks could get Google-like legacy IT replacement

Former Google engineers apply their experience to solving the huge handicap that core legacy systems place on the banking industry
July 11, 2016 11 Jul'16
Visa’s Dubai innovation centre to focus on digital payments

Visa has opened a technology innovation centre in Dubai to focus on cashless payments
June 30, 2016 30 Jun'16
Lloyds Banking Group wields axe to IT staff

Lloyds Banking Group announces it is cutting IT jobs as part of a cost-cutting plan, which also sees 23 branches close