News

Financial applications

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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