News
Financial applications
-
January 11, 2022
11
Jan'22
Post Office can’t access records of all money paid to it by victims of the Horizon scandal
A parliamentary select committee was told that the Post Office is unable to access information to accurately calculate compensation for some Horizon scandal victims
-
January 10, 2022
10
Jan'22
MPs call for fair compensation for excluded victims of Post Office scandal
Almost 100 MPs have backed a call for the government to reverse its decision to exclude 555 subpostmasters from fair compensation for their suffering and losses as a result of the Post Office Horizon scandal
-
December 30, 2021
30
Dec'21
Top 10 Post Office Horizon stories of 2021
The past 12 months have seen some of the biggest landmarks in the unravelling of the Post Office Horizon scandal. Computer Weekly takes a look at a selection of key articles in 2021
-
December 29, 2021
29
Dec'21
Top 10 business applications stories of 2021
2021 saw enterprise software suppliers and users envisaging a nimbler future, beyond the Covid pandemic, with more loosely coupled ERP systems, more flexible business processes, and a renewed digital-first focus on customers
-
December 23, 2021
23
Dec'21
Top 10 ASEAN IT stories of 2021
Here are Computer Weekly’s top 10 ASEAN IT stories of 2021
-
December 22, 2021
22
Dec'21
Top 10 financial services and fintech stories of 2021
Computer Weekly selects 10 key stories from the financial services IT sector over the past year
-
December 21, 2021
21
Dec'21
UK tech startups raise almost £30bn in record year
The UK tech sector has achieved record growth in the past 12 months after the Covid pandemic paused investment
-
December 15, 2021
15
Dec'21
Pressure on government to pay fair compensation to subpostmasters left out of current schemes
MPs demand that the subpostmasters who defeated the Post Office in court should be properly compensated for their losses and suffering
-
December 14, 2021
14
Dec'21
Government must go further after agreeing to pay compensation for wrongly convicted subpostmasters
The government has agreed to pay compensation to former subpostmasters wrongly convicted in the Post Office Horizon IT scandal, but continues to refuse to pay a significant group of victims
-
December 07, 2021
07
Dec'21
Zopa to focus on banking after closing peer-to-peer lending
Peer-to-peer lending pioneer Zopa to focus on its banking operation after the closure of its original business
-
December 07, 2021
07
Dec'21
Former TSB CEO joins money-sharing fintech
Paul Pester teams up with fintech heavyweights to target multibillion-pound money-sharing market
-
December 01, 2021
01
Dec'21
Cloud-based Redwood becomes latest challenger bank to make a profit
Cloud-based business bank becomes the latest of the new wave of challengers to achieve profit
-
November 26, 2021
26
Nov'21
Post Office inquiry clears up opaque stance on subpostmaster compensation
The chair of the Post Office scandal public inquiry has confirmed the compensation of a group of subpostmasters will be revisited
-
November 19, 2021
19
Nov'21
Subpostmasters asked to withdraw support for Post Office scandal inquiry
Subpostmaster campaign group founder calls for members to withdraw support for public inquiry into Horizon IT scandal over lack of adequate compensation
-
November 17, 2021
17
Nov'21
Post Office agrees to share privileged legal information with Horizon scandal inquiry
The Post Office will waive professional legal privilege for documents relating to legal advice it received regarding subpostmaster prosecutions
-
November 15, 2021
15
Nov'21
Convictions of eight former subpostmasters in Scotland under review
The Scottish Criminal Cases Review Commission is investigating eight potential miscarriages of justice linked with faulty Post Office IT system
-
November 12, 2021
12
Nov'21
Cost reduction is still the biggest driver of banks’ cloud adoption
More than 80% of banks now have a clear cloud strategy following a injection of urgency during the Covid-19 pandemic
-
November 10, 2021
10
Nov'21
Traditional banks could get revenue boost if they copy digital challengers
Traditional banks could see huge sales increases if they adopted the business models of their digital challengers
-
November 09, 2021
09
Nov'21
Government and Post Office should stop discussing Horizon victim compensation and pay it
The first hearing in the Post Office Horizon scandal public inquiry hears why victims should be paid compensation immediately
-
November 05, 2021
05
Nov'21
Number of subpostmasters appealing convictions reaches 137 at one legal firm
Former subpostmasters convicted of crimes based on data from error-prone Post Office computer system continue to embark on appeals
-
November 04, 2021
04
Nov'21
Rise with SAP attracts 11% interest from SAP customers
Research from the UK & Ireland SAP User Group has found only 11% of members plan to use SAP’s Rise with SAP business transformation as a service offering
-
November 04, 2021
04
Nov'21
Women grossly underrepresented in global fintech
Women are CEOs at less than 6% of global financial technology firms and even fewer hold top tech jobs
-
November 04, 2021
04
Nov'21
Fujitsu escaped huge lawsuit because Post Office behaved so badly in Horizon scandal
How Fujitsu has so far avoided a huge lawsuit in relation to its role in the Horizon scandal
-
October 26, 2021
26
Oct'21
Thought Machine: Google-inspired banking fintech to unicorn and beyond
UK fintech unicorn Thought Machine is transforming the IT of large traditional banks, while working with fledgling digital-only challengers
-
October 22, 2021
22
Oct'21
Post Office board ‘appalling’ and ‘short-sighted’, said minister researching Horizon project in 2000
A government minister investigating the controversial Horizon IT project in 2000 described the Post Office board of directors as ‘appalling, short-sighted and partisan’
-
October 20, 2021
20
Oct'21
Oracle NetSuite embeds HSBC corporate banking services into ERP
Oracle Netsuite integrates HSBC corporate banking services into its latest software
-
October 19, 2021
19
Oct'21
Zopa becomes unicorn with latest funds to go to bank operation
Zopa will invest in its growing digital bank operation after becoming a unicorn in its latest fund-raising round
-
October 14, 2021
14
Oct'21
SocGen to cull thousands of jobs and move to single IT platform in merger with subsidiary
French bank’s move to a single banking platform will enable it to cater for changing customer demands
-
October 13, 2021
13
Oct'21
Post Office Horizon scandal inquiry announces first public hearing
Public inquiry into the Post Office Horizon scandal will hold its first public hearing next month
-
October 12, 2021
12
Oct'21
Morgan Stanley brings diverse fintech innovation to London
US bank expands its diversity-focused fintech accelerator programme to Europe with an initial £1m investment
-
October 12, 2021
12
Oct'21
Nearly half of finance firms will acquire or partner fintechs in next year
UK financial services firms are preparing to acquire or partner fintechs as they target business growth
-
October 06, 2021
06
Oct'21
Tech Nation adds 30 fintech scaleups to growth programme as funding continues to rise
UK government-backed startup network adds 30 fintechs to its growth programme amid record investments in finance tech sector
-
September 30, 2021
30
Sep'21
Digital bank fined by regulator due to weak anti-money laundering controls
German digital bank is fined by financial services regulator for failing in relation to its anti-money laundering practices
-
September 22, 2021
22
Sep'21
JP Morgan Chase to replace core banking system with Google-inspired cloud platform
JP Morgan Chase is the latest bank to acquire the cloud-native core banking technology of UK fintech Thought Machine
-
September 15, 2021
15
Sep'21
UN human rights chief calls for moratorium on AI technologies
High commissioner’s call for a moratorium on the use of AI systems that pose a serious risk to human rights is accompanied by a UN report on the negative human rights impacts associated with the technology
-
September 14, 2021
14
Sep'21
Government minister holds secret meeting with Post Office Horizon scandal victims
BEIS minister Paul Scully has Zoom call with three subpostmasters who were victims of the Post Office Horizon scandal
-
September 14, 2021
14
Sep'21
CCRC refers six more subpostmaster convictions for appeal
An additional six subpostmasters’ convictions have been referred for appeal in Post Office IT scandal
-
September 06, 2021
06
Sep'21
Saudi tourism development fund goes cloud-first with Oracle
$4bn fund will be used to invest in developing Saudi Arabia’s tourism industry as the country reduces its economic reliance on oil and gas
-
August 31, 2021
31
Aug'21
Subpostmasters demand more clarity on Horizon public inquiry before committing their support
Subpostmaster campaign group founder demands that financial redress for members be included in public inquiry before it ‘willingly’ participates
-
August 19, 2021
19
Aug'21
Challenger banks make reputational gains in business banking
The business banking sector is a big target for digital challengers and some are already building good reputations in the market
-
August 17, 2021
17
Aug'21
Overturned convictions of subpostmasters mount up, but 555 victims no closer to justice
The government has failed to provide fair compensation to the subpostmasters who exposed the full extent of the Horizon scandal to the world
-
August 11, 2021
11
Aug'21
Hacker makes off with $600m in world’s largest crypto-heist
Despite bagging $600m worth of cryptocurrency in what has been described as the biggest decentralised finance hack, the hacker has already started returning the funds
-
August 11, 2021
11
Aug'21
Four more subpostmasters set to have convictions overturned
A further four subpostmasters are set to have their wrongful convictions overturned in the latest development in the Post Office Horizon scandal
-
August 11, 2021
11
Aug'21
Global fintech investments reach new heights
The global financial technology industry is emerging from the pandemic-triggered slowdown with record levels of investment to fuel further growth
-
August 05, 2021
05
Aug'21
SAP customers more alert to internal than external threats
SAP customers are more concerned by insider threats than by external attacks, according to a report. And yet the average SAP customer has around 2,500 vulnerabilities within their customised SAP code
-
July 27, 2021
27
Jul'21
Gaming could reduce the gamble for users of online finance
Financial gaming platform designed to educate the increasing number of amateur traders
-
July 22, 2021
22
Jul'21
Government to fund interim compensation of up to £100,000 for each wrongly convicted subpostmaster
The government will pay interim compensation within weeks to subpostmasters who were wrongly convicted of crimes due to computer errors
-
July 21, 2021
21
Jul'21
Interview: Chano Fernandez, co-CEO of Workday – a European co-helming a Californian enterprise
Chano Fernandez, co-CEO of Workday, explains how the company’s storied and humane employee culture needs constant tending, and looks forward to a post-Covid acceleration
-
July 19, 2021
19
Jul'21
A dozen more subpostmaster prosecutions quashed in Horizon scandal
Twelve more former subpostmasters have had wrongful convictions for financial crimes overturned in the Court of Appeal
-
July 15, 2021
15
Jul'21
Fintech sector continues to attract investment as Revolut hits $33bn valuation
Revolut has become the most valuable financial technology firm in the UK after its latest round of investment, with plans for a ‘superapp’