News

Financial applications

• 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

• July 26, 2022 26 Jul'22

  Lambeth maps future with cloud applications

  With its funding dramatically cut, Lambeth Council has turned to cloud delivery of its business applications to have a simpler technology stack and be nimbler in delivering services to its 330,000 population

• July 26, 2022 26 Jul'22

  Six more subpostmaster convictions overturned in Horizon scandal

  More former subpostmasters have their wrongful convictions for theft and fraud overturned in the Court of Appeal

• July 20, 2022 20 Jul'22

  Starling Bank withdraws application for licence in Ireland

  App-based bank decides against completing its application for a banking licence in Ireland after concluding it did not offer enough value

• July 13, 2022 13 Jul'22

  APAC organisations renew focus on ERP

  Organisations in Asia-Pacific are looking to renew their enterprise resource planning systems as they emerge from the throes of the pandemic

• July 12, 2022 12 Jul'22

  Is time running out for legacy payments technology used by banks?

  The company bringing Google-like processing to core banking for banks has added the same proposition in payments

• July 06, 2022 06 Jul'22

  Most APAC banks to spend more on cloud this year

  More than nine in 10 banks across Asia-Pacific are increasing their cloud spending in 2022 after years of hesitation due to initial regulatory hurdles

• June 30, 2022 30 Jun'22

  Subpostmaster campaigning forces government to set up compensation scheme and make interim payments

  Subpostmaster campaign group is a step closer to achieving what it was originally set up to do as government launches compensation scheme for its members who did not receive fair payouts

• June 30, 2022 30 Jun'22

  Independent scrutiny brought into compensation negotiations for wrongly prosecuted subpostmasters

  Former Supreme Court judge will offer his view on the valuation of compensation for wrongly convicted subpostmasters

• June 29, 2022 29 Jun'22

  Inside Bendigo and Adelaide Bank’s cloud journey

  With a strong DevOps culture, Australian bank has been moving its most important applications to the cloud in a journey that has already reaped returns

• June 27, 2022 27 Jun'22

  Manchester Airports Group taps Rise with SAP service to speed recovery

  Manchester Airports Group, which includes London Stansted and East Midlands as well as Manchester, has chosen SAP’s Rise package, on AWS, as it seeks to ‘build back smarter’ post-pandemic

• June 21, 2022 21 Jun'22

  Post Office IT investigator to be released from confidentiality obligations for inquiry

  Forensic accounting firm that ‘knows where the bodies are buried’ will be released from confidentiality obligations by the Post Office to give evidence to public inquiry

• June 20, 2022 20 Jun'22

  Minister says compensation offer to 555 subpostmasters close

  Government minister says an announcement on subpostmaster compensation could be made within weeks

• June 20, 2022 20 Jun'22

  Neo4j teams up with Deloitte in ASEAN push

  Neo4j is partnering with consulting firm Deloitte to meet the demand for graph technology on the back of its growing business in the ASEAN region

• June 13, 2022 13 Jun'22

  HSBC to give thousands of staff fintech training

  Thousands of HSBC staff will receive training in fintech technologies through a course developed with Saïd Business School

• June 13, 2022 13 Jun'22

  Tech startups raise more than £12bn in 2022 to date

  The £12.4bn in venture capital raised is more than was raised in the whole of 2020, putting the UK ahead of every country other than the US

• June 09, 2022 09 Jun'22

  More wrongful convictions quashed in Post Office IT scandal

  Two more Post Office Horizon scandal victims have had their wrongful convictions overturned

• May 26, 2022 26 May'22

  The barristers that broke their backs to break the Post Office’s shield of lies

  Computer Weekly spoke to the barristers at Henderson Chambers that fought the Post Office in the High Court to expose the widest miscarriage of justice in UK history

• May 17, 2022 17 May'22

  Post Office scandal victim calls for government’s role in silencing victims to be investigated

  Victims of the Post Office Horizon scandal in Scotland raise further questions about Post Office and government conduct

• May 17, 2022 17 May'22

  Controversial Post Office IT system to be replaced by 2025

  Work is ongoing by the Post Office to replace the controversial Horizon retail and accounting system used in nearly 12,000 branches

• May 11, 2022 11 May'22

  Sapphire 2022: Klein majors on sustainability and supply chain resilience

  At SAP’s first in-person Sapphire customer conference in three years, CEO Christian Klein and his top team revisited the themes of sustainability and supply chain resilience, which were prominent in 2020 and 2021