News

Financial applications

• February 21, 2023 21 Feb'23

  NetSuite and Oracle executives optimistic about economy

  Oracle NetSuite’s recent SuiteConnect event in London found executives in optimistic mood about the economy and positive about synergies between the two businesses

• February 21, 2023 21 Feb'23

  Average consumer spent more than £3,300 using contactless payments in 2022

  The amount of money spent using contactless payment technology continues to rise as consumers take advantage of higher allowable spending limits

• February 08, 2023 08 Feb'23

  CDO interview: Very’s Steve Pimblett on finding UB40

  The chief data officer of online retailer Very, Steve Pimblett, explains the place of data cataloguing in its data strategy, both for governance and innovation

• February 07, 2023 07 Feb'23

  ‘Profound’ digital pound decision faces policymakers

  The UK Treasury has launched a consultation paper to help lay the foundations for a ‘profound decision’ over a digital currency

• February 07, 2023 07 Feb'23

  TSB pilots pods as branch replacements

  TSB joins Barclays in adopting banking pods to ensure customers have access to physical banking services as the number of high street branches declines

• February 01, 2023 01 Feb'23

  PayPal slashes 2,000 jobs in face of tough economic outlook

  Fintech giant making thousands of redundancies as global economic outlook remains poor

• January 31, 2023 31 Jan'23

  Crédit Agricole tests quantum in finance

  The corporate and investment bank has run experiments with Pasqal and Multiverse to demo quantum computing in finance

• January 27, 2023 27 Jan'23

  SAP 2022: 11% revenue growth, 2.5% staff targeted by restructure

  SAP has announced full-year 2022 revenue of nearly €31bn, up 11% year on year. In 2023, it will explore a sell-off of Qualtrics stake and do a restructure, with an impact on 2.5% of staff

• January 26, 2023 26 Jan'23

  Final months of 2022 saw highest ever number of bank account switches

  More people than ever before switched their current account provider using the government’s switching service

• January 24, 2023 24 Jan'23

  SMEs keen on embedded finance, but more choice needed to increase take-up

  Suppliers to small and medium-sized enterprises need to offer more choice when embedding financial products in their services if take-up is to increase

• January 18, 2023 18 Jan'23

  Advisory board goal for Post Office scandal victims to be returned to rightful financial position

  The board set up to monitor the compensation scheme for Post Office scandal victims agrees goal of returning them to the financial position they would be in had the scandal never happened

• January 17, 2023 17 Jan'23

  UK fintech payments unicorn cuts back as Covid-19 boost wears off

  Payments infrastructure firm Paddle downsizes as Covid-19-generated business boost runs out of steam

• January 15, 2023 15 Jan'23

  Thai enterprises spend more on software amid growing digitalisation

  The majority of software spending in Thailand during the first half of 2022 went into applications followed by infrastructure software and development tools, according to IDC

• January 12, 2023 12 Jan'23

  How Indian banks can drive automation in corporate banking

  Banks should prioritise their processes for automation based on the level of human intervention, understand their processes thoroughly and put employees at the centre of their automation efforts

• January 11, 2023 11 Jan'23

  SMEs eye moving business to challenger bank

  Known for their consumer banking success, challenger banks are now winning over hearts and minds in the small business sector

• January 10, 2023 10 Jan'23

  Latest Innovate Finance report reveals decrease in UK fintech investment, but like-for-like increase

  Innovate Finance’s latest figures on fintech investment show reduction in UK, but report methodology leaves this open to change

• January 10, 2023 10 Jan'23

  Belfast Harbour sails out with Oracle cloud applications

  Belfast Harbour spies a more efficient and flexible future on the horizon as it sets sail with Oracle Fusion Cloud ERP

• January 10, 2023 10 Jan'23

  Former subpostmaster Alan Bates, who ‘pulled up trees and moved mountains’, turns down OBE offer

  Alan Bates, who fought for decades to expose the Post Office Horizon IT scandal, says it would be inappropriate to accept an OBE when former Post Office CEO Paula Vennells still holds her CBE

• January 04, 2023 04 Jan'23

  Traditional banking under threat from platform-based alternatives

  Banking as a service embedded in non-banking business offerings will take large chunks from traditional banks

• December 30, 2022 30 Dec'22

  Top 10 business applications stories of 2022

  As the Covid crisis gave way to the energy crisis and economic turmoil, enterprise software suppliers have urged customers to step up modernisation and evince more empathy for employees

• December 20, 2022 20 Dec'22

  TSB hit with huge fine after IT migration disaster

  TSB has been fined nearly £50m due to failings during its IT migration catastrophe

• December 14, 2022 14 Dec'22

  Criminal Cases Review Commission calls on more convicted subpostmasters to come forward

  The Criminal Cases Review Commission wants more former subpostmasters to come forward if they think they were prosecuted by the Post Office based on data from the error-prone Horizon computer system

• December 07, 2022 07 Dec'22

  Post Office scandal – “cock-up or cook-up”?

  The second phase of the Post Office Horizon IT scandal raised more questions over who did what, when and where, with shocking revelations at every turn

• December 07, 2022 07 Dec'22

  Vingroup to run SAP systems on Google Cloud

  The Vietnam conglomerate and EV maker is planning to migrate all its SAP systems to Google Cloud in a move that is expected to reap cost savings and improve product quality

• December 02, 2022 02 Dec'22

  Post Office boosted its ‘coffers’ as Horizon system threw up unexplained shortfalls, inquiry told

  The Post Office was ‘keen’ to make subpostmasters cover unexplained accounting shortfall as its business struggled, public inquiry hears

• November 25, 2022 25 Nov'22

  Fujitsu put pressure on UK government to sign off troubled Horizon project, public inquiry hears

  Telegram from British Embassy in Tokyo to UK government reveals pressure on ministers to sign off controversial contract

• November 23, 2022 23 Nov'22

  Oracle’s Steve Miranda on the value of turning inside out

  In a Q&A with Computer Weekly at Oracle Open World, applications head Steve Miranda discussed the supplier’s opening out and its intensification of an industry cloud approach, signally with healthcare

• November 18, 2022 18 Nov'22

  Post Office scandal inquiry’s expert IT witness ‘troubled’ by his findings

  Controversial Post Office Horizon system lacked the integrity required to trust accounting data and contained ‘joke’ coding akin to an ‘overly engineered mousetrap’, inquiry told

• November 15, 2022 15 Nov'22

  Post Office changed view of Horizon problems before roll-out, because of a ‘sunk cost fallacy’

  Insider tells public inquiry that the Post Office continued to roll out the controversial Horizon system despite a ‘considerable’ number of errors, because it was too committed

• November 03, 2022 03 Nov'22

  Russia risks shortage of PCs and software

  Russian consumers and businesses could face a shortage of IT equipment including PCs and software

• November 02, 2022 02 Nov'22

  Game of ‘hardball’ in Horizon negotiations left subpostmasters exposed to tragedy

  ‘Hardball’ negotiations between the government, the Post Office and ICL meant subpostmasters were ignored and thrown into a tragedy that could have been averted

• October 18, 2022 18 Oct'22

  Subpostmaster federation failed its members when they needed it most

  A dereliction of duty saw subpostmaster federation ignore its members when IT problems hit and allowed the Post Office destroy their lives

• October 04, 2022 04 Oct'22

  Next phase of open banking already gathering pace

  Open banking has had a major impact on the banking industry as finance forms harness data to provide better services, but the next phase of open finance promises even more

• October 03, 2022 03 Oct'22

  Security regulation cuts online payment fraud at 73% of retailers

  New online payments security standard, Strong Customer Authentication (SCA), sees immediate fall in fraudulent payments to retailers

• September 29, 2022 29 Sep'22

  Cost-of-living crisis could spur fintech adoption

  The cost-of-living crisis could have a similar impact on fintech and digital banking as the Covid-19 pandemic did, inducing further innovation in the fintech sector

• September 27, 2022 27 Sep'22

  Robo investment platform adopts open banking-based payments

  Nordic consumer investment fintech simplifies customer experience through open banking software from Mastercard-owned Aiia

• September 23, 2022 23 Sep'22

  Copenhagen Fintech connects its members to the world

  Copenhagen-based startup initiative is driving fintech developments across the Nordic region, with Mastercard its latest global partner

• September 23, 2022 23 Sep'22

  Post Office scandal inquiry chair intervenes in slow compensation progress

  Chair of statutory public inquiry into the Post Office Horizon scandal has aired his disappointment over the slow progress in making interim payments to victims

• September 23, 2022 23 Sep'22

  Mini-Budget 2022: HMRC tells firms to update payroll software ahead of November NI tax cut

  HMRC is urging employers to ensure their payroll software systems are updated now, before the reversal of the previous government’s National Insurance tax hike kicks in

• September 14, 2022 14 Sep'22

  US to see huge increase in embedded finance transactions

  Retailers and other non-financial businesses are increasingly offering their customers financial services, such as credit and payment options

• September 13, 2022 13 Sep'22

  JP Morgan acquires fintech for payments modernisation

  JP Morgan acquires cloud-native payments technology as it modernises its IT infrastructure

• September 12, 2022 12 Sep'22

  Mistakenly transferred $504m to be returned to Citigroup

  Judge rules that creditors should return $504m that was accidentally transferred to them by Citigroup

• September 12, 2022 12 Sep'22

  Lloyd’s of London is digitally transforming through the front door

  Centuries-old financial services organisation is transforming its complex IT infrastructure through digital data

• September 07, 2022 07 Sep'22

  Tech Nation Libra programme selects 35 scaleups for second cohort

  The Libra 2.0 programme is designed to help underrepresented founders in the UK who are growing and seeking specific support for scaling up their business

• September 02, 2022 02 Sep'22

  Interview: Sibstar, the fintech app for dementia sufferers

  Creator of app and debit card designed to support people living with dementia tells Computer Weekly how the idea developed

• September 02, 2022 02 Sep'22

  BBVA to add 2,000 software engineers to workforce this year

  Spanish bank BBVA is boosting its IT department while its traditional workforce reduces amid digital transformation

• September 01, 2022 01 Sep'22

  Police interview Horizon scandal victim in investigation into potential perjury by Fujitsu staff

  The Met Police have interviewed a former subpostmaster as part of an investigation into potential perjury by former Fujitsu staff

• August 04, 2022 04 Aug'22

  Financial Ombudsman Service mining for gold in cloud HR and finance

  The Financial Ombudsman Service is reaping the benefits of the cloud-based human resources and finance system it implemented last year

• August 03, 2022 03 Aug'22

  More than 60% of world population will use digital wallets by 2026

  Global take-up of digital wallets will accelerate over the next four years, driven by ‘super apps’ and QR code-based payments

• July 26, 2022 26 Jul'22

  Post Office attacked subpostmasters who questioned Horizon, say victims

  When the Post Office’s lie about the Horizon system failed to silence subpostmaster critics, it took more extreme measures, say victims of the scandal