News

Financial applications

• November 30, 2023 30 Nov'23

  Slow government response to Post Office scandal compensation forces new legislation

  Subpostmasters who exposed widest miscarriage of justice in UK history still waiting for compensation after decades of fighting

• November 29, 2023 29 Nov'23

  Paula Vennells’ email fuelled Post Office Horizon cult, inquiry told

  Faced with serious questions about the robustness of its core computer system, the Post Office doubled down on reliability myth, public inquiry told

• November 22, 2023 22 Nov'23

  Controversial Fujitsu contract with Post Office extended again

  IT from Fujitsu is at the heart of the widest miscarriage of justice in UK history, yet the government keeps handing millions of pounds of taxpayers’ money to the IT giant

• November 17, 2023 17 Nov'23

  Oracle NetSuite CEO Goldberg: AI a sleeping giant coming to life

  Speaking with Computer Weekly at SuiteWorld, Evan Goldberg, executive vice-president of Oracle NetSuite, discussed how artificial intelligence has emerged from obscurity to be of business moment

• November 16, 2023 16 Nov'23

  Post Office scandal inquiry postpones more key witness hearings

  Yet more witness hearings are cancelled due to the Post Office's late disclosure of documents

• November 08, 2023 08 Nov'23

  Former Post Office manager has no memory of preparing witness statement in legal dispute

  Evidence of computer problems was omitted from the witness statement of a former Post Office manager in a legal battle with a subpostmaster blamed for unexplained accounting shortfalls

• November 08, 2023 08 Nov'23

  SAP touts Business Technology Platform as foundation for S/4Hana migrations

  SAP claims its Business Technology Platform can help customers ease their transition to S/4Hana and lay the foundation for artificial intelligence initiatives

• October 30, 2023 30 Oct'23

  Devon County digitises with Unit4 ERP

  Unit4 and Embridge Consulting have paired up to help Devon County Council digitise its organisation, data and services

• October 23, 2023 23 Oct'23

  Taxpayers to fund a further £150m for Post Office IT scandal

  Total bill for the scandal goes well over £1bn, as subpostmaster campaign leader considers private prosecutions of Post Office executives

• October 20, 2023 20 Oct'23

  Collaboration paramount in KPN’s successful business transformation

  KPN tells Oracle CloudWorld 2023 how it transformed when its legacy systems became obstacles to supporting its customers on their digital journeys

• 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