News

Financial applications

April 24, 2017 24 Apr'17
SAP board member talks Middle East investment

In an interview with Computer Weekly, SAP’s chief financial officer, Luka Mucic, talks up the significance of the UAE and wider Middle East region in terms of IT transformation
April 24, 2017 24 Apr'17
Danish bank group first to offer mobile payments with Dankort

A group of banks in Denmark are working together on a mobile payments service
April 24, 2017 24 Apr'17
Criminal Courts Review Commission appoints forensic accountants for Post Office IT system cases

Investigation into claims of miscarriages of justice in relation to a Post Office accounting system has appointed a forensic accountant firm
April 20, 2017 20 Apr'17
Mastercard integrates biometric technology into cards

MasterCard tests out biometric technology embedded into payment cards, with further trials in Europe planned

April 20, 2017 20 Apr'17
Banks suffer average of 85 attempted serious cyber attacks a year, and one-third are successful

Banks face daily cyber attacks, many of which succeed in stealing data, research finds
April 20, 2017 20 Apr'17
InterContinental Hotel Group reveals extent of malware attack

Hotel group InterContinental (IHG) reveals that malware attempting to glean payment card details sat undetected on its network in the US for three months
April 19, 2017 19 Apr'17
IBM sales and profits down, but future focus areas see growth

IBM experiences another fall in sales, but it continues to sell more in areas that will make up its future business
April 18, 2017 18 Apr'17
SAP S/4 Hana gains traction in APAC

While SAP now counts companies such as China’s Ameco Beijing as clients, it is also going all out to address hitches that stand in the way of wider adoption of its S/4 Hana software
April 12, 2017 12 Apr'17
Chatbots, Fitbits and AI: IT suppliers identify the top trends in HR technology

Businesses are using Fitbits, artificial intelligence and chatbots to improve working life as competition increases to recruit talented ‘millennials’
April 07, 2017 07 Apr'17
Cyber security fears are a barrier to fintech innovation

Survey shows most large financial services firms believe better visibility of cyber security controls within fintechs would improve prospects of partnering with them

April 06, 2017 06 Apr'17
Research fires warning at banks over branch closures

Traditional retail banks cannot rely on customer loyalty if service levels drop as a result of branch closures and staff cuts
April 05, 2017 05 Apr'17
Technology investments core to JP Morgan Chase success

US investment bank is reaping the benefits of its $9.5bn annual technology spend
April 05, 2017 05 Apr'17
Chocolate maker Barry Callebaut gets sweet on cloud

Chocolate maker Barry Callebaut is increasingly using cloud-based apps to improve productivity and reduce costs
April 03, 2017 03 Apr'17
Australian banks’ move to boycott Apple Pay denied

Australia’s competition watchdog is concerned that the proposed conduct is likely to reduce or distort competition
March 30, 2017 30 Mar'17
UK insurtech startups follow fintech example

UK startups focused on technology for insurance companies saw capital investments double last year
March 28, 2017 28 Mar'17
1,000 sub-postmasters apply to join IT-related group litigation against Post Office

Group legal action against Post Office relates to allegedly faulty Horizon computer system
March 24, 2017 24 Mar'17
Serco uses HR technology to cut recruitment bill

International outsourced services supplier Serco is investing in HR recruitment technology to help it hire 15,000 to 20,000 people a year
March 20, 2017 20 Mar'17
Half of banks think more payments will be via fintechs by 2020

Fintechs have gone from being an emerging threat to banks to an opportunity for collaboration, according to an EIU report
March 19, 2017 19 Mar'17
Middle East fintech sector to accelerate this year with UAE leading the way

The financial technology industry could be at the start of a period of rapid growth in the Middle East
March 19, 2017 19 Mar'17
SAP to invest $200m in United Arab Emirates

European software maker plans investment to get near customers in the Middle East
March 17, 2017 17 Mar'17
Singapore startup partners IBM to pilot blockchain technology

Invictus’ distributed ledger prototype will offer financing options for small and medium-sized enterprises
March 16, 2017 16 Mar'17
HMRC urged to delay digital tax plan for businesses

Lords committee echoes previous criticism by MPs over timetable for Making Tax Digital programme and calls for further trials
March 16, 2017 16 Mar'17
Nordea goes beyond what is mandatory for PSD2

Nordic bank prepares for the introduction of the latest banking regulations through a platform that is open to third parties
March 16, 2017 16 Mar'17
Oracle Q3 2016-17 results: cloud revenue up, overall growth 2%

Oracle’s third-quarter results for fiscal year 2017 show 2% growth in overall revenue, with cloud representing 13% of the total. Executives are bullish on cloud ERP growth prospects
March 09, 2017 09 Mar'17
Nordea brings social aspect to saving with fintech startup Spiff

Nordea launches a mobile savings app from Norwegian finanical technology company Spiff
March 08, 2017 08 Mar'17
Abu Dhabi finance regulator pens fintech agreement with Singapore central bank

The financial services regulator in Abu Dhabi is co-operating with its counterpart in Singapore to promote financial technology developments
March 08, 2017 08 Mar'17
Investment industry to spend $2.8bn on AI by 2021, expected to cut quarter of a million jobs

230,000 jobs in the capital markets sector globally will be defunct because of the adoption of artificial intelligence technology
March 07, 2017 07 Mar'17
Bank branches still more popular than mobile apps for new accounts

Major research reveals the opportunities and challenges facing fintech firms
March 01, 2017 01 Mar'17
Over 100 Norwegian banks join forces in mobile payments

Nordic banks form an alliance on mobile payments and take over the Vipps platform
February 28, 2017 28 Feb'17
UK fintech investment down in 2016

Investment in UK fintech went down in 2016 but is still ahead of 2014 numbers, according to figures from FinTech Global
February 28, 2017 28 Feb'17
What are CIOs doing about the rise of blockchain?

Six CIOs share their views on the rise of blockchain and how to take advantage of this emerging technology
February 27, 2017 27 Feb'17
Santander bank to work with IBM developing mobile apps for staff

Santander bank wants to make its staff more productive through mobile apps, which it will create alongside IBM
February 27, 2017 27 Feb'17
Hundreds more sub-postmasters apply to join group action against Post Office

Initial hearing regarding sub-postmasters who say they were wrongly punished for false accounting reveals admission by Post Office legal team
February 24, 2017 24 Feb'17
Number of people hit by professional financial cyber attack grows after lull

Kaspersky Labs reports that the number of people hit by financial cyber attack grew in 2016 after falling in the previous two years
February 23, 2017 23 Feb'17
Starling Bank opens API with hackathon

Challenger bank Starling opens its API up to developers in hackathon at Google’s London Campus
February 21, 2017 21 Feb'17
Visa opens London technology centre

Visa opens a space in London where it can test out technologies alongside customers and suppliers
February 20, 2017 20 Feb'17
Netherlands expertise unravels enterprise blockchain

Dutch hackathons, pilots and projects are building new applications based on blockchains
February 17, 2017 17 Feb'17
High Court rules for SAP, against Diageo in indirect licensing case

Judge rejects Diageo’s submission that SAP PI is a “gatekeeper” licence for gaining access to the SAP suite of applications and database
February 16, 2017 16 Feb'17
Oracle executives claim more comprehensive reach for cloud business

At a recent customer conference in London, US-based Oracle executives gave accounts of the supplier’s cloud business as becoming at once more enterprise and more mid-market
February 14, 2017 14 Feb'17
Diablo targets flash in DIMM slots at in-memory apps

Apps such as Apache Spark need memory. Diablo has changed tack to provide flash as memory in DIMM slots that acts as cache behind regular DRAM so apps don’t have to hit disk storage
February 13, 2017 13 Feb'17
Singapore's central bank sets up analytics group

The move by The Monetary Authority of Singapore is part of larger efforts to position Singapore's financial sector for the digital economy
February 13, 2017 13 Feb'17
Santander introduces voice-controlled payments

Santander has taken its voice-controlled banking initiative to the next phase, with customers now able to make payments by voice
February 09, 2017 09 Feb'17
SAP connects S/4 Hana in the cloud with ‘intelligent’ ERP

SAP has announced an intensification of S/4 Hana cloud delivery, together with an infusion of its enterprise resource planning with artificial intelligence
February 08, 2017 08 Feb'17
HM Treasury committee questions costs of HMRC’s Making Tax Digital programme

Committee chairman Andrew Tyrie asks government to clarify costs after small businesses estimate price to be significantly higher
February 01, 2017 01 Feb'17
Middle East bank claims blockchain first in payments

The National Bank of Abu Dhabi is to use blockchain-based technology to offer cross-border payments service to its customers
January 31, 2017 31 Jan'17
HMRC aims to ease transition to digital tax returns for UK businesses

HM Revenue & Customs sticks to 2018 deadline despite warnings from MPs, but three-year transition will cost firms £1bn before savings kick in
January 31, 2017 31 Jan'17
SAP aims to clarify S/4 Hana, cloud apps roadmaps for customers

The SAP board has launched an initiative to publish and clarify roadmaps, especially in respect of S/4 Hana and its cloud applications, and one product of this is a new technology choice tool
January 29, 2017 29 Jan'17
Artificial intelligence will increase productivity by sharpening human mind

The combination of AI and humans will triple productivity if businesses get the balance right for different roles
January 27, 2017 27 Jan'17
Post Office facing group litigation over Horizon computer system after watershed decision

The group action against the Post Office that alleges sub-postmasters have been wrongly punished for accounting errors gets a green light from the High Court of Justice
January 24, 2017 24 Jan'17
Post Office offers banking for all UK accounts as bank branch closures continue

Customers of all UK banks can receive branch services through the Post Office after a deal agreed last year takes effect
January 24, 2017 24 Jan'17
SAP 2016 results: cloud revenue almost €3bn, 5,400 S/4 customers

SAP declares full-year 2016 revenue of €22bn, of which nearly €3bn was cloud – almost 14%
January 23, 2017 23 Jan'17
Singapore and Indonesia stand out for IT spend in Apac banking sector

Singapore is the top spender on IT for banking of all developed economies in the Apac region, while Indonesia has the fastest growth rate in IT spending
January 23, 2017 23 Jan'17
Schroders staff to complete daily tasks on mobile devices

The asset management company wants to make it easier for its staff to complete everyday tasks by linking mobile devices to enterprise systems
January 18, 2017 18 Jan'17
MasterCard offers remedies to watchdog fears over VocaLink acquisition

MasterCard and VocaLink respond to Competition and Markets Authority’s concerns over proposed merger
January 17, 2017 17 Jan'17
Blockchain can cut investment bank infrastructure costs by 30%

Investment banks can make huge cuts to their IT infrastructure costs through blockchain, according to analysis
January 13, 2017 13 Jan'17
Davos: Technology poses new risks to jobs, economies and society

Politicians and business leaders will discuss the risks posed by technology to jobs, political stability and cyber security at the World Economic Forum in Davos
January 12, 2017 12 Jan'17
Lloyds Bank digital banking problems an industry warning

Lloyds Bank’s digital banking problems still unresolved after a second day
January 12, 2017 12 Jan'17
People attracted to financial advice from robots because they consider it impartial

Consumer acceptance of software robots providing banking support is increasing and banks are investing heavily in the technology
January 05, 2017 05 Jan'17
Robots replace staff at Japanese insurance firm

Japanese insurance company Fukoku Mutual Life Insurance replaces 34 members of its claims assessment team with IBM Watson
January 04, 2017 04 Jan'17
Pernod Ricard toasts better demand forecasting with Infor

Drinks company Pernod Ricard, known for its Absolut, Malibu and Jameson tipples, has improved demand forecast accuracy with Infor software
December 22, 2016 22 Dec'16
Top 10 business applications stories of 2016

Artificial intelligence and machine learning, along with the internet of things, have been the emerging elements in business applications in 2016. Cloud, too, has shaped supplier agendas
December 21, 2016 21 Dec'16
2017 UK IT budgets show increased CRM and business automation focus

CRM has emerged as the number one UK IT spending priority for 2017, in terms of packaged business applications. Beyond packaged, the top three software initiatives were business process automation, data quality and governance
December 21, 2016 21 Dec'16
Top 10 CW Middle East stories of 2016

Read the most popular articles about enterprise IT in the Middle East
December 20, 2016 20 Dec'16
Top 10 CW Nordics stories of 2016

Read the top 10 Nordic enterprise IT stories from Computer Weekly
December 19, 2016 19 Dec'16
Review of 2016: Top 10 CW Benelux articles

Here are the 10 most popular Benelux-focused Computer Weekly articles of 2016
December 16, 2016 16 Dec'16
Oracle Q2 2016-17 results: cloud growth but overall revenue flat

Oracle’s Q2 results for fiscal year 2017 indicate 70% growth in cloud revenue from $649m in same year ago quarter to $1.1bn, 12% of overall revenue, flat at $9bn
December 13, 2016 13 Dec'16
Metro Bank moves IT infrastructure to cloud

Metro Bank moves its IT infrastructure to a private Rackspace cloud platform, which will allow it to keep up with the latest technologies and reduce costs
December 09, 2016 09 Dec'16
From Symbian to finance apps – Nokia expertise harnessed by banks

Banks in the Nordic region are taking advantage of the Nokia legacy left in Finland
December 06, 2016 06 Dec'16
Blow for Australian banks in Apple dispute

Australia's big banks might not be granted leave to collectively bargain with and boycott Apple over its Apple Pay service
December 05, 2016 05 Dec'16
Top 10 ANZ enterprise IT stories of 2016

Here is a rundown of Computer Weekly’s most popular ANZ enterprise IT articles for 2016
December 05, 2016 05 Dec'16
Top 10 Asean enterprise IT stories of 2016

The 10 most popular Asean articles of 2016
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