News

Financial applications

• October 19, 2023 19 Oct'23

  Post Office auditors presumed subpostmasters were ‘on the fiddle’ or ‘in a muddle’

  Public inquiry into Post Office scandal hears how head office staff routinely made negative assumptions about subpostmasters in small branches

• October 18, 2023 18 Oct'23

  SuiteWorld 23: Oracle NetSuite pushes business efficiency by way of AI

  Oracle NetSuite’s Evan Goldberg posited AI old and new as means for organisations to do more with fewer resources, speaking at the company’s annual global SuiteWorld conference in Las Vegas

• October 16, 2023 16 Oct'23

  Oracle’s Steve Miranda: Customers nearing inflection point with Fusion

  In a Q&A with Computer Weekly at Oracle Open World, applications head Steve Miranda discussed how its customers are moving from project-driven to business-driven approaches, and how GenAI is for real

• October 13, 2023 13 Oct'23

  ‘Angry’ lawyer warned against Post Office computer investigation in 2010 email

  Angered by his exclusion from an important discussion, former Royal Mail lawyer told colleagues of the risks to the Post Office if, as planned, they publicly investigate allegations against its computer system

• October 03, 2023 03 Oct'23

  Amnesia hides names of individuals behind Post Office’s ‘head on a spike’ strategy

  Former Post Office lawyer deflects individual responsibility for a strategy that crushed subpostmasters, blaming the organisation as a whole

• September 29, 2023 29 Sep'23

  First subpostmaster Horizon conviction overturned in Scotland

  Scotland has seen its first Post Office Horizon conviction overturned, taking the UK total to 92

• September 29, 2023 29 Sep'23

  Government ‘breached privacy’ of Horizon victims with compensation offer, says lawyer

  The government breached the privacy of victims of the Post Office Horizon scandal through making a compensation offer public

• September 18, 2023 18 Sep'23

  Government offers £600,000 to subpostmasters with overturned convictions

  Subpostmasters wrongfully convicted of financial crimes based on evidence from faulty Horizon software will be offered £600,000 compensation by government

• September 08, 2023 08 Sep'23

  HSBC collaborates on hybrid quantum optimisation

  The bank, which wants to be at the forefront of quantum computing, is looking at how it can manage collateral assets more efficiently

• September 05, 2023 05 Sep'23

  London Stock Exchange plans blockchain-based market

  The London Stock Exchange plans to have a blockchain-based trading venue available in the next 12 months

• August 31, 2023 31 Aug'23

  GenAI outranks cloud as business IT strategic priority

  Enterprise Strategy Group research on the use cases for generative AI shows it as strategic for corporate IT, with impacts on customer experience, software development and IT Ops

• August 17, 2023 17 Aug'23

  MP calls for review of computer evidence rule which led to subpostmasters being wrongly convicted

  MP writes to minister in charge of courts requesting he looks at the controversial rules on the use of computer evidence in court

• July 28, 2023 28 Jul'23

  ServiceNow Q2 2023: 23% year-on-year growth with GenAI to fore

  ServiceNow has announced second-quarter 2023 revenue of $2.15bn, up 23% on the same quarter in 2022. The digital workflows automation supplier stressed GenAI developments and partnerships

• July 25, 2023 25 Jul'23

  CCRC refers two more subpostmaster convictions for appeal

  Two more subpostmaster convictions referred to appeal court by the Criminal Cases Review Commission

• 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