News
Financial applications
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November 30, 2016
30
Nov'16
Blockchain-based gold trading planned for 2017
Thousand-year-old organisation The Royal Mint is the latest financial services business to harness blockchain technology
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November 28, 2016
28
Nov'16
Commercial Bank of Dubai to launch digital-only bank
Dubai bank is set to launch a digital-only bank that will be based on mobile phones
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November 24, 2016
24
Nov'16
Competition authority wants feedback on open banking plan
The government’s Competition and Markets Authority is asking for feedback on its proposals to introduce competition in the retail banking sector
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November 23, 2016
23
Nov'16
Nationwide breaks norm and opens branch because of technology
Nationwide Building Society is bringing a bank branch back to Glastonbury to try out new technology on customers
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November 23, 2016
23
Nov'16
Axa offers on-demand insurance via mobile app
Insurance company launches app that offers quick and easy insurance cover for individual items owned by customers
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November 22, 2016
22
Nov'16
Middle East bank to launch AI for customer support
Middle East bank Emirates NBD is piloting artificial intelligence to automate customer services
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November 22, 2016
22
Nov'16
Barclays pilots contactless cash withdrawals
Barclays bank is piloting technology to enable customers to withdraw cash by just tapping their smartphone or contactless card on a reader
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November 21, 2016
21
Nov'16
Future of Apple Pay Australia still unresolved
There are still uncertainties over Apple Pay among Australia’s big banks, but smaller finance firms are looking at ways to offer the payment service to their customers
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November 21, 2016
21
Nov'16
Singapore central bank tests blockchain for bank-to-bank payments
Singapore's central bank is overseeing a project that could lead to a single blockchain system being used for banks to transact with each other
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November 18, 2016
18
Nov'16
Elekta turns to workforce analytics to inform board decisions
Board executives at healthcare company Elekta are analysing workforce data to make better strategic decisions
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November 17, 2016
17
Nov'16
Dutch bank ING to spend millions ‘disrupting’ its own business
Dutch bank ING used digital technology to reinvent itself following the financial crash, and is about to reinvent itself again, says its global CTO, Brendan Donovan
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November 17, 2016
17
Nov'16
Lending platform pioneer Zopa aims to become a UK bank
Zopa, the company that pioneered the peer-to-peer lending sector with its tech platform, looks to add more disruption to the retail banking market
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November 17, 2016
17
Nov'16
Citibank Australia to go cashless as digital technology takes hold
Citibank will no longer handle cash at its six branches in Australia as digital channels reduce demand for cash transactions
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November 16, 2016
16
Nov'16
Barnsley Council maximises adoption of mobile apps though staff consultation
Barnsley Metropolitan Borough Council is rolling out SAP Fiori apps in HR initially, and learning how to adapt to user needs from surgeries and workshops
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November 16, 2016
16
Nov'16
UK almost bottom of OECD pile for ICT investment
The UK ranks low in terms of how much it invests in the ICT infrastructure as a proportion of GDP
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November 16, 2016
16
Nov'16
Finland’s Automatia launches real-time platform
Finnish ATM network operator launches a mobile payments platform that banks and service providers can offer their customers
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November 12, 2016
12
Nov'16
Gulf Cooperation Council’s local companies eye regional shared services
Enterprises indigenous to the Gulf region are taking their first step into business and IT shared services through internal developments
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November 09, 2016
09
Nov'16
Fintech disruption hits UK cheque processing industry
Cheque processing company makes huge cuts to its operation as new technology reduces demand for its services
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November 08, 2016
08
Nov'16
ANZ bank puts cloud expert in leading IT role
Australian bank has recruited another senior executive from the IT supplies sector to support its digital developments
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November 07, 2016
07
Nov'16
Oracle consummates acquisition of NetSuite, eyes $1bn cloud revenue
$9.3bn acquisition is in line with Oracle’s avowed move to cloud as a delivery mode for its business applications
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November 02, 2016
02
Nov'16
Three-quarters of banks see startups as best way to access latest technology
The latest survey of banks by Efma and Infosys reveals a big appetite for working with startups in the traditional banking sector
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November 01, 2016
01
Nov'16
Insurers face same legacy system battle as retail banks
The biggest barrier to insurance companies adopting digital technology is their heavy reliance on legacy IT systems
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October 26, 2016
26
Oct'16
Botched IT migration cost Vodafone customers thousands
Ofcom imposes multimillion-pound fine on mobile operator after an investigation uncovered multiple failings arising from a problematic IT systems migration
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October 25, 2016
25
Oct'16
Insurers are joining fintech party
Insurers are held back from digital transformation by legacy systems, but insurance-focused IT startups offer them hope
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October 24, 2016
24
Oct'16
UAE telco launches mobile wallet
Etisalat signs deal with technology company to offer its customers a mobile wallet service, as fintech expands in the Middle East
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October 20, 2016
20
Oct'16
Dutch bank ING returns to the UK with a mobile app
ING is offering a mobile app that allows consumers to manage accounts with different banks in one place
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October 19, 2016
19
Oct'16
Emirates NBD pilots blockchain-based money transfers
UAE bank becomes the latest to test out the potential of blockchain technology for improving financial services processes
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October 18, 2016
18
Oct'16
Abu Dhabi Securities Exchange uses blockchain for e-voting
Abu Dhabi Securities Exchange offers controlled access to the AGM information of listed companies through a blockchain-based service
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October 14, 2016
14
Oct'16
Three-quarters of Brits use mobile banking
Europeans are rapidly taking up mobile banking which, combined with the adoption of contactless cards, is driving the digital payments sector
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October 07, 2016
07
Oct'16
Digital-only Atom banks is open to public
Following an invite-only launch and some fine-tuning, digital-only Atom bank is now fully open in the UK
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October 05, 2016
05
Oct'16
Businesses need to put more focus on internal IT services
Businesses are failing to offer staff the service levels they expect for internal company services, such as human resources and finance, says Fruition Partners survey
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October 03, 2016
03
Oct'16
Amex Global Business Travel pools data lake to bolster ‘duty of care’
Amex Global Business Travel is investing in modern IT, including cloud analytics, to pivot its business towards serving the traveller in their whole journey
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September 28, 2016
28
Sep'16
Mastercard woos software developers with API platform
Credit card company Mastercard is investing heavily in digital payments and wants to engage with developers and startups
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September 28, 2016
28
Sep'16
UK Oracle MD: companies repeating tangled architectures in cloud
Oracle’s UK, Ireland and Israel managing director, Dermot O’Kelly takes stock of Open World 2016 and urges CIOs not to reinvent on-premise “accidental architectures” in the cloud
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September 26, 2016
26
Sep'16
Unprecedented hardware problem brings down Australian Stock Exchange
Financial regulator launches probe after hardware failure in main database led to problems for stock exchange market system
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September 26, 2016
26
Sep'16
Emirates Islamic bank and the Muslim finance revolution
The CIO at Dubai-based bank Emirates Islamic tells Computer Weekly how IT is supporting the company through industry change
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September 23, 2016
23
Sep'16
RBS tests claim blockchain could replace UK’s Faster Payments bank clearing scheme
Researchers at the Royal Bank of Scotland investigate the use of distributed ledger technology for bank clearing systems
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September 21, 2016
21
Sep'16
Finland’s OP Financial Group outlines digital ambitions
Chief digital officer at financial services group describes how new technology is fundamentally changing the business
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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?
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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?
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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
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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
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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’
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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May 06, 2016
06
May'16
Swedbank boosts customer service with a virtual assistant
Nuance Nina will offer basic frontline support for online customers
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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
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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
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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
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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
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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
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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