News

Financial applications

• 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

• June 28, 2016 28 Jun'16

  Finland’s prisons move to a cashless world

  Inmates in Finland’s prisons will no longer need to use cash as a pre-paid card system is rolled out

• June 27, 2016 27 Jun'16

  Banking IT community faces uncertain Brexit future

  The financial services IT community faces a period of uncertainty as finance firms reassess plans following the EU referendum result

• June 24, 2016 24 Jun'16

  Netherlands rushes to mobile payments

  Following the wave of e-commerce that has swept the Netherlands, there is a surge to use mobile payment systems

• June 22, 2016 22 Jun'16

  Hundreds of UK IT and back office roles at RBS cut

  The Royal Bank of Scotland is cutting 900 IT and back office jobs as part of a reorganisation that involves offshoring roles

• June 20, 2016 20 Jun'16

  Nets and Coinify launch blockchain development lab in Denmark

  Nordic payments technology firms work together on blockchain proof-of-concept developments

• June 15, 2016 15 Jun'16

  Gulf Air tinkers with Oracle suite and explores hybrid cloud models

  Bahraini airline Gulf Air is looking to make productivity gains across its enterprise resource planning system

• June 15, 2016 15 Jun'16

  Only quarter of banks have company-wide digital strategy

  Almost all banks are doing some kind of digital transformation, but they are missing out on the full benefits due to a lack of focus on end-to-end change, according to research

• June 13, 2016 13 Jun'16

  Singapore banks adopt voice biometrics for user authentication

  Banks in Singapore are rolling out biometric technology to improve customer services by speeding up the authentication process

• June 13, 2016 13 Jun'16

  Nordic CIO interview: Johnny Bröms, Swedish fast-food chain Max Burger

  The CIO of Swedish fast-food chain tells Computer Weekly how digital technology is increasing sales and supporting expansion

• June 07, 2016 07 Jun'16

  Swedish bank Sparbanken Syd expands IT outsourcing to trading

  Swedish bank Sparbanken Syd outsources the IT that runs its trading business to Finland's Tieto supplier, to cut costs and improve the quality of its services

• June 06, 2016 06 Jun'16

  ‘Considerable risk’ if Post Office replaced Horizon system, says chairman

  Post Office chairman Tim Parker says there would be ‘considerable risk’ associated with changing its Horizon computer system

• May 31, 2016 31 May'16

  Natural Resources Wales adopts Unit4 ERP in digital transformation drive

  The Welsh government’s environmental protection body is using Unit4 enterprise resource planning, from Trustmarque, as part of a digital transformation programme

• May 27, 2016 27 May'16

  Bristol Water outsources IT as business model transforms

  Bristol Water outsources IT to Wipro to support it through a period of transformation to its operating model

• May 26, 2016 26 May'16

  Santander uses blockchain for international payments

  Bank is using blockchain to underpin its latest app, which enables customers to make international payments 24 hours a day, which clear the next day

• May 26, 2016 26 May'16

  UK challenger bank OakNorth puts its core systems in AWS cloud

  UK challenger bank OakNorth is putting core banking systems in the Amazon Web Services cloud

• May 24, 2016 24 May'16

  Australia’s government commits to fintech innovation and blockchain

  Australia’s latest government budget included commitment to the financial technology revolution, but what developments are already afoot?

• May 23, 2016 23 May'16

  Middle East CIOs put ambitious IT projects on hold as cheap oil hurts business

  A lack of business confidence leads some organisations in the Middle East to delay or abandon ambitious IT projects that may not show an immediate return

• May 19, 2016 19 May'16

  ING Turkey uses digital technology to improve services and grow customer base

  Turkish bank uses business process management technology to offer financial services through 1,500 grocery stores, technology outlets and post offices

• May 18, 2016 18 May'16

  Sapphire 16: SAP’s McDermott stresses customer empathy as Microsoft pact declared

  Microsoft’s Nadella says companies have ‘an existential need to bring our best together’

• May 17, 2016 17 May'16

  Theft of customer data is top Asean retailer worry

  Southeast Asian retailers say securing customer payments is a major challenge as new payment technology is forced on them by market and consumer pressure

• May 16, 2016 16 May'16

  Telefonica launches own bank using challenger’s technology

  Spanish broadband and mobile operator ready to offer financial services via O2 Banking using the technology of startup Fidor

• May 13, 2016 13 May'16

  European IT buyers prioritise BI and data management over ERP and CRM

  Data warehousing and business intelligence top dogs in the UK, finds 2016 TechTarget IT spending priorities survey

• May 12, 2016 12 May'16

  Hundreds more jobs to go at RBS as digital replaces branch services

  RBS is cutting more jobs and closing branches as customers increasingly prefer digital services

• May 12, 2016 12 May'16

  Barclays develops contactless payments app for Android mobile OS

  Barclays bank is developing its own contactless payments service for users of the Android mobile phone operating system (OS) – hoping to launch in June 2016

• May 11, 2016 11 May'16

  Can mobile technology bring Myanmar in line with other Asean nations

  Recent regulations in Myanmar widen the financial services market to include non-banking institutions

• May 10, 2016 10 May'16

  Nordea Bank launches crowdfunding platform in Finland

  The Nordic financial services group offers a technology bringing together investors and startup businesses

• May 10, 2016 10 May'16

  Eurovision Song Contest launches contactless payments in Stockholm

  Eurovision Song Contest sponsor Visa Europe equips visitors with contactless payment wristbands backed by Gemalto’s Allynis events platform

• May 09, 2016 09 May'16

  SAP users lack clarity on cloud portfolio

  The UK and Ireland SAP user group has found a majority of members to be using the supplier’s cloud portfolio, but many are unconvinced by its business value

• May 09, 2016 09 May'16

  Post Office apologises as system goes down

  The Post Office computer system failed on 9 May 2016, leaving sub-postmasters unable to open branches

• May 06, 2016 06 May'16

  Swedbank boosts customer service with a virtual assistant

  Nuance Nina will offer basic frontline support for online customers

• April 29, 2016 29 Apr'16

  IT challenges may force RBS to miss EU deadline to split businesses

  Problems related to creating an IT platform for the Royal Bank of Scotland’s planned divestment look set to cause delays

• April 27, 2016 27 Apr'16

  Mainstream adoption of blockchain by banks is 10 years away

  Banks could be putting blockchain under the microscope in a lab environment for the next 10 years, according to Forrester

• April 18, 2016 18 Apr'16

  The secrets of Nordic fintech boost

  London has become the undisputed European capital for financial technology, but the Nordic countries have strong ambitions to challenge for the number one spot

• April 15, 2016 15 Apr'16

  Capgemini to build 100-strong team of blockchain specialists

  The IT services firm is building a team of 100 blockchain experts as banks start to consider the technology as the future of financial services

• April 12, 2016 12 Apr'16

  Want to adopt Blockchain? Better start playing, says panel

  A panel of financial services experts discussed adoption of blockchain technologies at the Innovate Finance 2016 Summit

• April 12, 2016 12 Apr'16

  UK poised to lead global fintech sector, says Tech City chair Eileen Burbidge

  Tech City chair and venture capital expert says the UK is in a position to become a world leader in financial services and sheds light on how cloud can provide failing firms with a stay of execution

• April 07, 2016 07 Apr'16

  Cargotec saves €2m by moving HR systems to the cloud

  Cargo handling equipment manufacturer Cargotech reduces the cost of managing its 11,000 employees by moving HR systems to the cloud

• April 06, 2016 06 Apr'16

  Atom banking app goes live

  Digital-only bank makes app available to iPhone and iPad users, with Android version to follow soon

• April 05, 2016 05 Apr'16

  Barclays bank succumbs to Apple Pay

  Barclays Bank brings Apple Pay to its customers nine months after its main competitors, with the announcement of its support of the app

• April 01, 2016 01 Apr'16

  Barclays Bank closes US technology hub

  Barclays Bank's investment banking arm will close its technology centre in McKinney, Texas, and move about 200 jobs

• April 01, 2016 01 Apr'16

  Financial services regulator reveals backlog approving peer-to-peer lenders

  There is a backlog of firms waiting for FCA approval to become authorised peer-to-peer lending platforms

• March 31, 2016 31 Mar'16

  Fintech axe to fall on a third of banking jobs over next 10 years

  More than a third of jobs at European banks will disappear over the next decade as the adoption of fintech-based services grows

• March 23, 2016 23 Mar'16

  Android Pay UK launch announced by Google

  Google is entering the UK mobile phone payments market, with Android Pay expected to be available in months

• March 22, 2016 22 Mar'16

  Santander launches voice-controlled banking

  Santander has made technology available that enables its customers to control its mobile banking app and access information using their voices

• March 17, 2016 17 Mar'16

  CIO interview: Mogens Kristensen, Sydbank

  Danish bank’s IT head explains the advantages of sharing some IT systems with other banks

• March 16, 2016 16 Mar'16

  Fintechs want to take one-third of traditional banks’ business

  Banks know they could lose large chunks of business to fintech firms, but if the challengers have their way, it will be more than expected

• March 16, 2016 16 Mar'16

  Rolls-Royce cloud HR project will pay for itself in two years

  HR IT director Mark Judd explains how engineering and aerospace firm swapped ageing ERP and spreadsheets for a company-wide core HR system

• March 16, 2016 16 Mar'16

  Atom Bank to offer artificial intelligence-based customer support

  Digital bank is integrating AI into its mobile banking app for customers to access support

• March 16, 2016 16 Mar'16

  Oracle Q3 2016: cloud revenue grows, US currency strength takes toll

  SaaS and PaaS combined contributed $583m in third quarter, up 57% in US dollar terms, while IaaS was down 2% in dollars to $152m

• March 11, 2016 11 Mar'16

  Payments regulator makes progress in introducing competition

  UK payments regulator has slashed the time it takes for finance firms to join and use real-time payments system

• March 03, 2016 03 Mar'16

  World’s biggest banks complete joint blockchain trials

  Forty major global banks have jointly run tests of the use of blockchain in wholesale banking

• March 01, 2016 01 Mar'16

  Australia’s fintech community will target China

  The Australian government is injecting money into the country’s financial technology community to help firms break into lucrative Asian markets

• February 26, 2016 26 Feb'16

  Londoners lead mobile banking switch

  People in London are the most likely to manage their finances using a smartphone, according to a survey of consumers in England and Wales

• February 26, 2016 26 Feb'16

  52 contactless payments made every second in UK last December

  Contactless card payments continue to rise at a rapid rate, with nearly £8bn spent in the UK last year using the technology

• February 26, 2016 26 Feb'16

  Israeli high-tech startups seek UK funding

  Israeli high-tech startup companies visit London in search of venture capital and angel investors

• February 25, 2016 25 Feb'16

  Payments regulator wants banks to sell stakes in Vocalink

  The UK payments regulator wants banks to loosen their grip on the payments infrastructure by selling off some of their stake in it

• February 24, 2016 24 Feb'16

  Citi’s corporate clients do $1tn in mobile banking

  Citi bank's mobile service for corporate finance departments has notched up $1tn in transactions since its launch in 2011

• February 23, 2016 23 Feb'16

  Samsung Pay processes $500m in first six months

  Samsung Pay is being used by around five million people in the US and South Korea, with China being the next step in its global launch

• February 23, 2016 23 Feb'16

  MasterCard selfie payment system to be launched in US after Dutch success

  MasterCard rolls out fingerprint and facial recognition identification technology for online payments following a successful Dutch pilot

• February 18, 2016 18 Feb'16

  Alternative finance sector accounts for £3.2bn investments in UK

  Alternative online finance provided 3% of lending to SMEs and 13% of lending to small businesses last year, but overall growth rate slowed

• February 15, 2016 15 Feb'16

  Peer-to-peer lender wants to acquire traditional mortgage firm

  LendInvest suggests acquisition could help it become “the biggest mortgage lender in the country”

• February 15, 2016 15 Feb'16

  Sweden’s NFT Ventures looks to Finland for fintech startups

  Swedish startup fund that targets financial technology developers has expanded its reach into Finland

• February 10, 2016 10 Feb'16

  Insurance giant RSA announces another outsourcing deal

  Insurance company RSA has penned its second major outsourcing contract in a week as it extends a BPO contract with Accenture

• February 08, 2016 08 Feb'16

  Post Office faces group litigation over Horizon IT as subpostmasters fund class action

  Subpostmasters who claim to have been wrongly convicted of fraud take the Post Office to court after getting the funds for a group action

• February 05, 2016 05 Feb'16

  Visa opens up its technology to developers

  Software developers at fintech companies and banks are to be given access to Visa’s technology

• January 26, 2016 26 Jan'16

  Could Sweden become the first cashless society?

  Sweden is fast becoming a country where cash is on the periphery of payments, and some think it might be the first to become cashless

• January 26, 2016 26 Jan'16

  Challenger finance firms will kill only those banks that fail to evolve

  It’s not doom and gloom for the UK’s traditional banks – as long as they can learn from fintech and transform themselves

• January 22, 2016 22 Jan'16

  SAP doubles cloud revenues to €2.3bn in 2015 financial year

  SAP saw its cloud revenues nearly double to €2.3bn and 11% of its overall revenue of €20.8bn for the 2015 financial year

• January 21, 2016 21 Jan'16

  UK contactless card payments hits £1bn in a month

  Contactless cards accounted for more than £1bn worth of UK payments in November 2015

• January 21, 2016 21 Jan'16

  Current account switching rate declines again

  The number of UK consumers changing the provider of their current accounts dropped in 2015, despite the investment of millions of pounds in a system to make it easier

• January 20, 2016 20 Jan'16

  Young high-earners driving fintech revolution

  Consumers are quickly adopting fintech products and services, with young high-earners leading the charge

• January 20, 2016 20 Jan'16

  Mobile services helping banks retain customers and add revenue

  Investments in mobile banking services are helping banks increase revenue and retain customers

• January 14, 2016 14 Jan'16

  One-fifth of consumers will trust tech firms for all financial products by 2025

  Research suggests fintech companies will progress rapidly from niche products and services suppliers to join the financial mainstream

• January 14, 2016 14 Jan'16

  Over a million Visa contactless payments made to travel in London on a single day

  Over one million journeys on the London tube network were paid for using contactless Visa cards in a single day in the run-up to Christmas