News

Financial applications

October 27, 2017 27 Oct'17
Airbus saves millions after building a digital learning library

Airbus has created a digital learning library that is helping more than 100,000 staff in 35 countries keep their skills updated
October 24, 2017 24 Oct'17
Apple Pay launches in Nordic region with Nordea, Jyske Bank and St1 partnerships

Nordic banks take on Apple Pay to give the mobile payments service a regional boost
October 24, 2017 24 Oct'17
Nordic finance watchdogs losing patience over anti-money laundering systems at banks

The financial services watchdogs have informed banks that they have to do more to improve anti-money laundering systems
October 19, 2017 19 Oct'17
Post Office computer system legal case reaches important procedural juncture

Sub-postmasters group action against the Post Office reaches an important milestone

October 13, 2017 13 Oct'17
WEF gets to grips with risks posed by transformative technologies

World Economic Forum is bringing technology, insurance and government sectors together to better understand the risks posed by technology failures
October 10, 2017 10 Oct'17
Consumers' personalised banking needs are not being met

Banks are failing to give customers the personal services they crave, leaving the door open to tech-savvy competitors
October 10, 2017 10 Oct'17
Cyber heist hits banks in Russia and eastern Europe

Criminals hired mules to open rogue bank accounts and manipulated risk ratings and overdraft limits, paving the way for millions of dollars to be stolen
October 09, 2017 09 Oct'17
TSB reschedules final roll-out of new banking platform because of expected interest rate rise

Bank decides to delay the full customer roll-out of its new banking platform until early next year
October 04, 2017 04 Oct'17
Global IT spending to hit $3.7tn next year, says Gartner

IT spending is taking on a different shape as organisations embark on, and accelerate, digital transformation projects
October 04, 2017 04 Oct'17
Russia’s state-owned bank backs blockchain

Vneshekonombank puts its weight behind blockchain technology as the country’s public sector looks on

October 02, 2017 02 Oct'17
OpenWorld 2017: Ellison declares autonomous database 'revolutionary'

Oracle’s Larry Ellison claims revolutionary cast for autonomous 18c database at the supplier’s 2017 OpenWorld conference in San Francisco
September 29, 2017 29 Sep'17
Sweden investigates introducing its own e-currency

Nordic country’s central bank is planning for a future e-currency as cash becomes less relevant
September 27, 2017 27 Sep'17
RHB Bank rolls out chatbot for loan applications

The Malaysian lender hopes to improve the loan application experience and grow its personal loan business by 60% through a new chatbot
September 25, 2017 25 Sep'17
Two-thirds of UK businesses have adopted fintech

Most UK businesses are using financial technology products and services in some way, with cost savings being the main attraction
September 22, 2017 22 Sep'17
European banks getting rid of human interaction in retail services

Traditional banks know they need to modernise IT to retain market share, but replacing legacy systems is like defusing a bomb
September 20, 2017 20 Sep'17
CIO interview: John Mountain, Starling Bank

Starling Bank’s CIO tells Computer Weekly about life at a bank that is challenging traditional IT thinking
September 20, 2017 20 Sep'17
BMW opens its second tech startup programme in the UK

BMW has launched its latest programme to support tech startups in the UK
September 20, 2017 20 Sep'17
Oracle announces simplified pricing model for cloud computing

Ahead of Oracle’s OpenWorld 2017 event, Larry Ellison announces simplification of cloud pricing, attached to increased automation in database and middleware
September 15, 2017 15 Sep'17
Banks across Europe cut thousands of staff and branches as IT replaces them

Banks across Europe cut jobs and close thousands of branches as IT shakes the industry
September 15, 2017 15 Sep'17
Oracle 2017-18 Q1 results: Cloud revenue jumps by 51%

Oracle’s first quarter 2017-18 results show jump in cloud revenue of 51%, boosted by NetSuite acquisition. Executives continue to be bullish on cloud growth, and the AI makeover of core database is flagged
September 14, 2017 14 Sep'17
Enterprise appetites for cloud-based financial apps on the rise, Gartner research suggests

Research into corporate appetites for cloud-based financial apps suggest demand is growing faster than expected, claims Gartner
September 08, 2017 08 Sep'17
Half of UK fintech firms confident in growth but have doubts over skills

UK fintech companies are confident that revenues will double over the next year, but have concerns over talent and customer take up of services
September 08, 2017 08 Sep'17
Hillarys Blinds unveils SUSE Linux Enterprise Server as SAP Hana OS

Blinds manufacturer Hillarys, a long-time SAP customer and Hana advocate, has revealed the SUSE Linux Enterprise Server for SAP Applications to be the operating system underlying its stack
September 07, 2017 07 Sep'17
Barclays Bank ahead of schedule in ring-fencing project

Barclays Bank is set to meet the government’s ring-fencing legislation well before the deadline
September 06, 2017 06 Sep'17
Europeans slowly catching up with Asia for mobile payments

Consumers are increasingly using their mobile phones to make payments in Europe, finds survey
September 05, 2017 05 Sep'17
China cracks down on initial coin offerings

Financial services regulators in China have cracked down on the use of Initial Coin Offerings to raise funds
September 04, 2017 04 Sep'17
CIO interview: Adrenaline junkie leaps from big pharma to cloud services

Diana McKenzie, CIO of Workday and triathlon competitor, on analytics, data lakes and the relationship between IT and business
September 01, 2017 01 Sep'17
Two-thirds of British people have used contactless cards

The take up of contactless payment technology continues at a pace, according to research by Visa
September 01, 2017 01 Sep'17
European investors back cloud, IoT and big data for insurance sector

Investors are putting their money behind suppliers of technology to the European insurance sector
August 31, 2017 31 Aug'17
App-based challenger bank Starling enters next stage of its journey

Thousands of people are downloading Starling’s app every week as the bank builds its customer base
August 30, 2017 30 Aug'17
Challenger bank Fidor reaches 200,000 customers

Fintech trailblazer Fidor now has more than 200,000 people using its banking services, but its CEO believes the fintech environment is getting tougher
August 29, 2017 29 Aug'17
Danske Bank taps into the cognitive capabilities of IBM Watson

Danish bank is using IBM Watson as part of a major IT outsourcing deal
August 23, 2017 23 Aug'17
Sub-prime lender links technology upgrade to financial problems

Lender partly blames new automation software for its poor performance
August 23, 2017 23 Aug'17
Thailand’s Ascend Money eyes regional mobile payments market

Ascend Money’s TrueMoney Wallet service will be rolled out in five other Southeast Asian countries that offer growth opportunities, albeit in a highly fragmented market
August 22, 2017 22 Aug'17
Blockchain skills in high demand and jobs being swept up quickly

Job vacancies for people with blockchain skills are being filled in just seven days, on average, once they are advertised online
August 21, 2017 21 Aug'17
HSBC streamlines mortgages with Capita software

Bank is using software to improve its mortgage application processes and subsequently increase business through brokers
August 18, 2017 18 Aug'17
Contactless payments through mobile phones no longer a novelty

The amount of contactless payments made through mobile devices increased by 336% compared with 2016, according to figures from Worldpay
August 17, 2017 17 Aug'17
Barclays ring-fencing project means downtime for customers

Many Barclays services will be unavailable this weekend as part of the bank's project to separate retail and investment operations
August 16, 2017 16 Aug'17
A decade of IT change since banking meltdown

With 10 years passing since Northern Rock had to be bailed out by the government, we look at how banking IT has changed since the financial crisis
August 16, 2017 16 Aug'17
RBS to cut 880 IT staff in London

Royal Bank of Scotland aims to reduce London-based IT workforce by 40%
August 11, 2017 11 Aug'17
BBVA tops Forrester mobile bank app chart

Spanish bank BBVA has the best mobile banking app in the world, according to Forrester Research
August 11, 2017 11 Aug'17
HSBC uses IBM to automate the processing of 100 million document pages

In another instance of banks adopting automation to lower costs and drive productivity, HSBC uses IBM analytics technology to cut down on its paper trail
August 10, 2017 10 Aug'17
Consumers unaware of bank account switching service despite £750m spent on IT system

TSB Bank believes the Competition and Markets Authority needs to do more to promote account switching system to consumers
August 07, 2017 07 Aug'17
TSG 1899 Hoffenheim gets 'faster in the head' with SAP analytics

TSG 1899 Hoffenheim has been using SAP’s Hana database and applications to speed up players mentally, as well as using SAP Hybris to sell shirts
August 02, 2017 02 Aug'17
Fruit firm W B Chambers uses IFS suite to grow business

W B Chambers, a Kentish fruit farm, has chosen IFS to support its business growth and to guard against the labour pool uncertainties of Brexit
July 25, 2017 25 Jul'17
Australian businesses bullish on AI

Demand for artificial intelligence technology is growing in Australia amid looming fears over job losses
July 20, 2017 20 Jul'17
SAP Q2 2017 results: cloud revenue €932m, 500 new S/4 customers

SAP’s second-quarter revenue of €5.78bn included €932m for cloud subscription and support – 16% of the total – while new S/4 Hana customers included Centrica and Google
July 20, 2017 20 Jul'17
TSB to introduce iris scan authentication in September 2017

TSB customers will soon be able to access their mobile bank accounts through iris scanning, which is regarded as the most secure biometric authentication available
July 19, 2017 19 Jul'17
Oracle expands Cloud at Customer, adds 1,000 cloud sales Emea staff

Supplier adds SaaS elements to hybrid cloud service and aims to recruit 1,000 staff in Emea to accelerate cloud business
July 19, 2017 19 Jul'17
London Stock Exchange uses IBM blockchain technology

The London Stock Exchange is testing out IBM's blockchain technology in a platform to help SME operations become more transparent
July 17, 2017 17 Jul'17
Post Office defence in computer system legal case due this week

The Post Office will this week present its defence against allegations brought by subpostmasters in a group legal action
July 13, 2017 13 Jul'17
HMRC delays digital tax for businesses until 'at least' 2020

HMRC has pushed back the go-live date of its Making Tax Digital project following concerns the timetable was too risky
July 13, 2017 13 Jul'17
HPE and CSC merger wins confidence of Zurich

Zurich Insurance has demonstrated confidence in CSC's merger with HPE through a contract extension
July 13, 2017 13 Jul'17
Visa encourages US businesses to go cashless with £500,000 in hard cash

Card giant offers small US businesses financial support to upgrade their payments technology if they agree to abandon cash
July 13, 2017 13 Jul'17
Figures suggest blockchain is a 'no brainer' in financial services

Blockchain has quickly established itself in financial services businesses, with companies in other industries likely to see a similar trend
July 12, 2017 12 Jul'17
Contactless technology pushes card payments ahead of cash in retail sector

Retail payments made by debit cards exceeded the number made by cash for the first time last year
July 10, 2017 10 Jul'17
Experian admits mobile and online issues after system upgrade

Some customers of credit referencing company are having problems accessing a service they pay for following an IT upgrade and large customer migration to a new system
July 10, 2017 10 Jul'17
Interview: Davide Cervellin, EMEA director of analytics, PayPal

PayPal’s EMEA director of analytics talks about making customers feel secure, using data analytics and problems with embracing big data
July 07, 2017 07 Jul'17
Govia Thameslink rail operator picks Worldline for mobile ticketing

Rail operator Govia Thameslink sets out to replace its desktop ticket issuing service with a Worldline mobile solution
July 07, 2017 07 Jul'17
Lloyds Bank joins Swift blockchain proof-of-concept project

Twenty-eight banks collaborate in blockchain project that will enable the real-time management of accounts used to make cross-border payments
July 06, 2017 06 Jul'17
TfL figures reveal massive contactless adoption

Transport for London figures for the use of contactless payments on its network add weight to its plans to sell its expertise to other cities
July 05, 2017 05 Jul'17
Experian upgrade causes glitches in service

Credit scoring company recently upgraded its systems and introduced a new mobile app that caused temporary issues for some customers
June 29, 2017 29 Jun'17
App-based banking continues its ascent in the UK

The number of people banking from their mobile phones is increasing as more services are made available through the channel
June 27, 2017 27 Jun'17
Danish mobile payments users get lock-screen and Touch ID technology

Holders of Denmark’s national debit card can use their fingerprints to instigate payments
June 23, 2017 23 Jun'17
Housing developer rolls out HCM to pave way for stock market listing

Bonava, which provides affordable and sustainable housing in Northern and Eastern Europe, rolled out HR technology in record time to meet a deadline to list on the Stockholm Stock Exchange
June 22, 2017 22 Jun'17
Insurance industry transformation will mirror travel sector through insurtech

Insurtech is gaining momentum, and companies in the sector of all sizes and ages can learn from startups
June 21, 2017 21 Jun'17
The human apprentices behind robotic automation

IT apprentices are helping large businesses transform their back-office processes through software robots
June 19, 2017 19 Jun'17
Hovis boosts job applications after HR tech roll-out

Baker and flour miller expects a quick payback from HR technology project
June 19, 2017 19 Jun'17
Bahrain’s central bank creates fintech testing environment

Regulatory sandbox will enable fintech companies to test out their products and services
June 16, 2017 16 Jun'17
Greggs bakes in business change programme with SAP

UK baker and food-to-go retailer says it has significantly advanced its business change programme with a full panoply of SAP software
June 15, 2017 15 Jun'17
Majority of Brits would use artificial intelligence, survey finds

The level of trust for using artificial intelligence for customer services has increased among British people, although they may have little choice as businesses flock towards the technology
June 14, 2017 14 Jun'17
Microchips implanted in hands could be in use for payments in 20 years

UK consumers are becoming more accepting that biometric authentication will become the norm for payments
June 14, 2017 14 Jun'17
HR technology essential to cutting-edge customer service, say big businesses

If you can’t get your internal HR systems right, the business will suffer – Jaguar Land Rover, Lufthansa and Russia’s Sberbank explain why
June 09, 2017 09 Jun'17
Patent group prepares for tough data protection laws by moving HR to the cloud

CPA Global to replace ERP-based HR system as it gears up to comply with the General Data Protection Regulation
June 07, 2017 07 Jun'17
Challenger bank technology arm hires former ABN Amro IT executive as CIO

Bank and banking technology supplier Fidor hires an experienced banking CIO to support its international expansion
May 31, 2017 31 May'17
Hundreds of sub-postmasters have applied to join IT-related legal action since March

The number of sub-postmasters who claim to have suffered as a result of a faulty Post Office IT system has reached 1,300
May 30, 2017 30 May'17
Taiwan’s OwlTing taps blockchain to improve food safety

The e-commerce company is using blockchain technology to provide consumers with greater transparency on food sources and production processes
May 25, 2017 25 May'17
Old foes, new friends: Nordic banks and startups increase collaboration

Banks and startups in the Nordic region are working together to develop new ideas in financial technology
May 25, 2017 25 May'17
Debit card transactions to overtake cash payments, thanks to contactless

The number of payments made using debit cards will exceed the number made by cash three years earlier than expected, as a result of the success of contactless technology
May 24, 2017 24 May'17
Dubai financial services regulator launches temporary licence aimed at fintechs

Dubai is making it easier for financial technology companies to test out their ideas through a temporary licence
May 24, 2017 24 May'17
SAP aligns with Saudi Arabia’s IT transformation agenda

Global software giant SAP sees an opportunity for its wide portfolio in Saudi Arabia as the Middle Eastern country transforms
May 24, 2017 24 May'17
Twenty years of online banking has increased financial awareness

Online banking is helping people manage their finances better and reduce their debt as a result
May 24, 2017 24 May'17
Digital-only business bank gets regulatory approval

The latest challenger bank gets its regulatory approval and puts modern technology at the core of its offering
May 22, 2017 22 May'17
Denmark's Spar Nord bank in app dispute with Apple

Danish bank Spar Nord considers legal dispute with Apple over the supplier’s rejection of mobile app
May 17, 2017 17 May'17
London digital sector continues to grow faster than rest of UK

The gap between the number of digital tech firms in London and the rest of the UK is growing
May 16, 2017 16 May'17
Customer experience transformation at Macquarie bank brings legacy system retirement as a bonus

Australia’s Macquarie bank builds a data layer on top of legacy IT systems to transform customer experience
May 16, 2017 16 May'17
Samsung Pay finally hits the UK

Mobile payments app available in the UK nearly two years after its launch
May 15, 2017 15 May'17
Nordea moves staff to Stockholm Fintech Hub

Nordic bank is shifting some of its workforce closer to fintech activity in the Swedish capital
May 11, 2017 11 May'17
London will lose its European tech leadership status because of Brexit

London is at risk of being usurped as the tech capital of Europe because of the UK's impending withdrawal from the benefits of EU membership
May 10, 2017 10 May'17
RBS cuts hundreds of UK IT jobs

The Royal Bank of Scotland is cutting hundreds of tech jobs as it prepares for life as a smaller organisation
May 10, 2017 10 May'17
Blockchain economy on the horizon

Blockchain technologies will enable many new and disruptive business models than the internet itself, an expert predicts
May 09, 2017 09 May'17
Blockchain gains momentum in the Middle East

Blockchain is gathering pace in the Middle East, with the United Arab Emirates leading the way
May 09, 2017 09 May'17
Brexit yet to dampen fintech recruitment in London

Fintechs are still recruiting in London as large banks start to make plans to move staff to EU countries
May 08, 2017 08 May'17
Unit4 adds machine learning to services-centric ERP system

Unit4, which majors on business applications software for professional services firms and universities, adds machine learning to its product suite, as announced at a customer event in Rotterdam
May 03, 2017 03 May'17
SAP focuses on training young Arab graduates in Middle East

SAP has a raft of initiatives planned in the Middle East which includes a strategy to equip young people and entrepreneurs with the IT skills required as the region transforms.
May 03, 2017 03 May'17
Barclays Bank opens startup hub in London

Bank aims to support fintech firms in their early stages
April 27, 2017 27 Apr'17
TSB launches first fruit of its owner’s proprietary system

TSB launches its first IT-based service built on its new core IT platform called Proteo
April 25, 2017 25 Apr'17
SAP Q1 2017 results: cloud revenue €906m, 5,800 customers for S/4

SAP has announced €5.29bn in first quarter 2017 revenue, of which €906m was for cloud subscription and support, 17% of the total. Supplier adds 400 S/4 Hana customer in quarter
April 25, 2017 25 Apr'17
UK trade department in New York to promote fintech firms

Group of financial technology firms taken to New York to show off their knowledge of regulatory compliance software
April 24, 2017 24 Apr'17
Gulf Air refreshes storage and server farm hardware with Dell EMC

Airline completes major project to revamp its storage infrastructure with Dell EMC technologies