News

Financial applications

January 26, 2016 26 Jan'16
Could Sweden become the first cashless society?

Sweden is fast becoming a country where cash is on the periphery of payments, and some think it might be the first to become cashless
January 26, 2016 26 Jan'16
Challenger finance firms will kill only those banks that fail to evolve

It’s not doom and gloom for the UK’s traditional banks – as long as they can learn from fintech and transform themselves
January 22, 2016 22 Jan'16
SAP doubles cloud revenues to €2.3bn in 2015 financial year

SAP saw its cloud revenues nearly double to €2.3bn and 11% of its overall revenue of €20.8bn for the 2015 financial year
January 21, 2016 21 Jan'16
UK contactless card payments hits £1bn in a month

Contactless cards accounted for more than £1bn worth of UK payments in November 2015

January 21, 2016 21 Jan'16
Current account switching rate declines again

The number of UK consumers changing the provider of their current accounts dropped in 2015, despite the investment of millions of pounds in a system to make it easier
January 20, 2016 20 Jan'16
Young high-earners driving fintech revolution

Consumers are quickly adopting fintech products and services, with young high-earners leading the charge
January 20, 2016 20 Jan'16
Mobile services helping banks retain customers and add revenue

Investments in mobile banking services are helping banks increase revenue and retain customers
January 14, 2016 14 Jan'16
One-fifth of consumers will trust tech firms for all financial products by 2025

Research suggests fintech companies will progress rapidly from niche products and services suppliers to join the financial mainstream
January 14, 2016 14 Jan'16
Over a million Visa contactless payments made to travel in London on a single day

Over one million journeys on the London tube network were paid for using contactless Visa cards in a single day in the run-up to Christmas
January 11, 2016 11 Jan'16
Smartphone-based UK bank gets additional £48m backing

Starling bank, which only offers a smartphone-based current account, has received multi-million pound backing and named its board of directors

January 05, 2016 05 Jan'16
HSBC suffers major online banking failure

HSBC customers unable to access online banking services as the UK bank suffers internal technical issue.
December 24, 2015 24 Dec'15
Top 10 financial services IT stories of 2015

The financial services industry is undergoing unprecedented change, driven by IT and regulation.
December 21, 2015 21 Dec'15
Top 10 HR technology stories in 2015

2015 saw businesses replacing their on-premise HR systems with cloud services at an accelerating rate. More companies are turning to virtual reality, analytics and other disruptive technologies to help recruit and retain talented staff
December 18, 2015 18 Dec'15
More than a quarter of Brits bank on mobile, but branches still popular

More and more people in the UK are banking on their smartphones, but more than a third still visit branches regularly
December 17, 2015 17 Dec'15
Oracle Q2 2015-16 results: Strong US dollar affects revenue growth

Oracle’s Q2 results for the 2016 fiscal year indicate 26% growth in cloud revenue to $649m, 7% of its total revenue
December 17, 2015 17 Dec'15
SThree to rein in IT budget by moving to cloud

Recruitment group plans to expand by 10% a year, but moving to the cloud will allow it to do more with the same IT budget
December 09, 2015 09 Dec'15
Volvo finance department expands system support beyond Sweden

Volvo Group Treasury has extended an outsourcing agreement with Virtusa to give it the same support response times worldwide
December 03, 2015 03 Dec'15
Workday ringfences support in Europe after Safe Harbour ruled unsafe

US cloud HR and financial services provider reponds to Safe Harbour failure by ringfencing European data
November 23, 2015 23 Nov'15
UKISUG 2015: Minority of users see SAP as digital protagonist

An SAP user organisation survey, released at the 2015 UK & Ireland SAP User Group conference, indicates that the supplier is seen as a digital transformation leader by around one-fifth of customers
November 20, 2015 20 Nov'15
Group litigation against Post Office being prepared in Horizon dispute

Subpostmasters who believe they have been wrongly punished for misaccounting or theft due to flawed computer system prepare group legal action against Post Office
November 18, 2015 18 Nov'15
Post Office IT support email reveals known Horizon flaw

An email from Post Office IT support reveals a problem with the Horizon system and supporting processes that could lead to accounting errors
November 17, 2015 17 Nov'15
Deutsche Bank signs India’s HCL Technologies for digital services and systems integration

Deutsche Bank is expanding its long-established relationship with IT services supplier HCL Technologies as it forges on with its digital transformation
November 13, 2015 13 Nov'15
Framework agreement boosts public-sector digitisation in Sweden

Swedish public sector procurement organisation creates a framework to make it easier for organisations to offer digital services
November 06, 2015 06 Nov'15
Inforum 2015 Europe: Infor targets majority cloud revenue

Infor is aiming at half its licence revenue coming from cloud installations in 2016, according to president Stephan Scholl
November 04, 2015 04 Nov'15
Finance industry will invest more than $1bn in blockchain in the next two years

Financial firms will spend more than $1bn on blockchain technology projects over the next two years, according to researchers
October 26, 2015 26 Oct'15
Malaysia’s AmBank Group increases digital banking spend

AmBank Group is using middleware to integrate its core banking platforms with its legacy infrastructure
October 26, 2015 26 Oct'15
Oracle OpenWorld 2015: Larry Ellison vaunts Oracle’s cloud services over rivals

Larry Ellison promoted his company’s cloud services and berated rivals in his opening keynote at Oracle OpenWorld 2015
October 26, 2015 26 Oct'15
Transforming Singapore Post through modern technology

When Singapore Post realised it had to change its business model to survive, it appointed its first CIO to front the technology transformation
October 22, 2015 22 Oct'15
New Zealand beauty firm moves business onto Netsuite

New Zealand based beauty product supplier The Beauty Collective talks to Computer Weekly about its transformation to business software in the cloud
October 21, 2015 21 Oct'15
James Arbuthnot takes Post Office IT fight to House of Lords

James Arbuthnot takes his seat in the House of Lords and continues campaign for subpostmasters who claim to have been wronged by faulty Horizon IT system
October 20, 2015 20 Oct'15
SAP Q3 2015 results: On-premise and cloud grow in parallel, says Cohen

SAP’s third-quarter 2015 results show overall cloud revenue growth of 116% year on year, and SAP European president Cohen says parallel on-premise growth is strong
October 19, 2015 19 Oct'15
Quarter of Europeans are active mobile banking users

The use of mobile banking services is increasing in Europe despite security fears
October 19, 2015 19 Oct'15
Norwegian mobile payments provider strikes deal with SpareBank 1

Norwegian banking group has agreed a deal that will see it take over the systems and customers of payments service provider mCash in Norway
October 19, 2015 19 Oct'15
Opera chooses Workday over Oracle as it moves HR to cloud

Browser company Opera opts for slick internal IT as it competes with Apple and Google for skilled technologists
October 15, 2015 15 Oct'15
Why blockchain heralds a rethink of the entire banking industry

Blockchain, the distributed ledger technology behind bitcoin, is both a threat and an opportunity for financial services – and the banks are taking it very seriously
October 08, 2015 08 Oct'15
Take part in the Computer Weekly Technology Industry Survey 2016

Share your views in Computer Weekly’s annual Technology Industry Survey, which provides an insight into the trends, challenges and aspirations of today’s IT professionals
October 05, 2015 05 Oct'15
Workday seeks growth, not profit, as it expands in Europe

Cloud services company Workday is setting its sights on growth as it expands from cloud HR, to finance, learning and analytics
October 01, 2015 01 Oct'15
CIO interview: Mikko Vastela, LähiTapiola

Mikko Vastela, the CIO of newly formed Nordic insurance company LähiTapiola, tells Computer Weekly about the importance of informing employees and stakeholders what IT is doing
October 01, 2015 01 Oct'15
HP Cloud 28+ enters beta and introduces self-certification scheme for providers

Hewlett-Packard (HP) gears up to launch its Cloud 28+ service catalogue in December 2015, talking up the opportunities it presents for European providers
September 29, 2015 29 Sep'15
Nationwide Building Society deploys artificial intelligence to reduce back-end complexity

Nationwide Building Society is using artificial intelligence to help it reduce the complexity of its back-end systems as it introduces more digital products
September 25, 2015 25 Sep'15
SAP user group finds big minority adopting Run Simple mantra

SAP UK and Ireland User Group research suggests big minority of SAP customers are moving to Simple Finance
September 24, 2015 24 Sep'15
Lloyds Banking Group launches scheme to develop digital talent

Lloyds Banking Group has formalised a graduate programme to develop digital banking skills, with 29 graduates embarking on the two-year scheme
September 24, 2015 24 Sep'15
Nordea Bank signs Temenos and Accenture for core banking transformation

Nordea Bank AB has chosen the core banking system it wants to build its digital future on, signing Temenos and Accenture as technology partners
September 23, 2015 23 Sep'15
Government IT spending to be hit hardest by rising US dollar strength, warns Gartner

Gartner predicts IT spending declines across all industries and vertical markets during 2015
September 15, 2015 15 Sep'15
Accenture buys Cloud Sherpas for SaaS applications push

Accenture sets out plans to acquire Salesforce consultancy business and give enterprises a helping hand with moving to the cloud
September 14, 2015 14 Sep'15
Haircare firm GHD rehomes hybrid cloud infrastructure in new Rackspace datacentre

Haircare product maker shifts hybrid website infrastructure to Rackspace's Crawley datacentre in preparation for Christmas rush
September 09, 2015 09 Sep'15
Danske Bank brings MobilePay to Norway

Banks in the Nordic region are fighting it out in the mobile payments space as they woo a digital-savvy population
September 03, 2015 03 Sep'15
Al Rayan Bank finds business agility in cloud applications

Al Rayan Bank believes its investment in cloud applications gives it an edge in business agility
August 28, 2015 28 Aug'15
HSBC BACS glitch leaves thousands without bank holiday pay

IT failure affecting the bank’s BACS system has led to thousands of payments failing to arrive on time
August 24, 2015 24 Aug'15
Asean banks use technology to reach rural areas

Floating bank charts new course to provide banking services to remote populations
August 12, 2015 12 Aug'15
FOI response reveals G-Cloud suppliers escape fines for missing MISO sales data deadlines

Freedom of Information response suggests Cabinet Office is taking a softly-softly approach to clamping down on non-compliant G-Cloud suppliers
August 12, 2015 12 Aug'15
Paym transaction value races to £70m

The volume and value of transactions using the Paym mobile-to-mobile payments service have increased significantly in the past six months
August 11, 2015 11 Aug'15
Small IT firms most susceptible to going under due to late payments

Small businesses, particularly those supplying IT, should look at alternative financing models as late payments put them at risk of closure
August 05, 2015 05 Aug'15
Sage Summit 2015: The move to cloud technology and the death of ERP

Accountancy software firm Sage has released new cloud-based software, highlighting the gap between the use of cloud and on-premise in the workplace and declaring a move away from traditional ERP
July 28, 2015 28 Jul'15
IoT device makers stand to lose out on software licensing revenues, warns Gartner

Gartner claims many IoT device manufacturers could lose out on recurring revenues by failing to safeguard their software investments
July 23, 2015 23 Jul'15
Notion Capital unveils $120m investment fund for European cloud startups

Venture capital firm hopes to increase fund size to $150m by the time it reaches final close later this year
July 23, 2015 23 Jul'15
GDS unveils payments platform prototype in government-as-a-platform strategy

New system would provide a standardised way to take payments from citizens for online public services
July 23, 2015 23 Jul'15
Software project will save Ford tens of millions a year in car repair bills

Car maker Ford is rolling out sophisticated warranty software to 12,000 dealers worldwide in a project that is expected to bring rapid financial returns
July 16, 2015 16 Jul'15
Puppet Labs hails importance of IT managers in winning over DevOps sceptics in the enterprise

Automation supplier's fourth annual DevOps research report highlights the important role IT managers play in ensuring enterprise-wide adoption
July 15, 2015 15 Jul'15
The obstacles to software-as-a-service adoption in banking

Security tops the reasons why banks don't use software as a service for banking-specific applications
July 10, 2015 10 Jul'15
PayPal most trusted mobile wallet in UK as Apple Pay set for launch

Although it expects rapid adoption, Apple Pay faces challenges scaling in the UK with consumer trust in other providers – notably PayPal
July 10, 2015 10 Jul'15
Lotus Formula 1 gears up for racing with Microsoft Dynamics

Microsoft Dynamics tools drive the Lotus F1 team's data analytics in ratcheting the performance of its cars, engineers – and business
July 09, 2015 09 Jul'15
AWS adds Chef to cloud Marketplace to drive up DevOps adoption

Chef sets sights on winning over more AWS users with its DevOps-friendly automation tools
July 08, 2015 08 Jul'15
Do we really need bank branches?

Bank branches are being used less and less, but that doesn't mean customers are getting a less personal service
July 08, 2015 08 Jul'15
Summer Budget 2015: George Osborne announces support for technology research

Chancellor George Osborne delivers Budget commitments to roll out business tax reform and more money for research funding and the digital economy
July 07, 2015 07 Jul'15
Manchester City group joins forces with SAP to further global goals

The City Football Group, which includes Manchester City, has teamed up with SAP to further its global development goals
July 07, 2015 07 Jul'15
Campaigners call for independent inquiry into Post Office Horizon IT system dispute

George Freeman MP repeats Post Office claims that a report found no flaws in the Horizon IT system – but campaigners respond by calling for an inquiry
July 07, 2015 07 Jul'15
Microsoft Azure price hike to hit cloud users in the Eurozone from 1 August

The on-going economic instability affecting Europe could prompt further price increases from Microsoft and others, analysts warn
July 06, 2015 06 Jul'15
SAP executives on what digital transformation means for CIOs

SAP Europe president Franck Cohen and CEO Bill McDermott discuss what digital transformation means for CIOs and the supplier’s partners
June 30, 2015 30 Jun'15
Top suppliers as UK software and services market approaches £50bn

The top five software and IT services firms in the UK are Capita, HP, IBM, Capgemini and Accenture, according to the latest figures from TechMarketView
June 30, 2015 30 Jun'15
Post Office looking to replace controversial Horizon system with IBM, says MP

Days could be numbered for controversial Post Office computer system at the centre of miscarriages of justice, according to one MP
June 29, 2015 29 Jun'15
Challenger finance firms taunt banks over legacy IT at SAP services conference

Challenger finance companies presented at a SAP financial services event to inject some urgency into the banking sector
June 26, 2015 26 Jun'15
Norway’s DNB was inspired by Danish bank for new app

DNB in Norway has taken inspiration from Danske Bank in Denmark when creating its latest payment app.
June 25, 2015 25 Jun'15
Manchester Airports Group chooses Capgemini for SAP S/4 Hana project

Manchester Airports Group has opted to put SAP’s S/4 Hana ERP suite at the centre of its business efficiency plans, with Capgemini for project delivery
June 23, 2015 23 Jun'15
Automated predictive analytics on the rise, says SAP’s UK chief technologist

Mark Darbyshire, SAP UK and Ireland’s chief technologist, reflects on the supplier’s updated predictive analytics software and service pack 10 for Hana
June 23, 2015 23 Jun'15
Pharmaceutical companies use BPM to cut cost of clinical trial drugs

Pharmaceutical companies have developed an IT system to secure the supply of medicines they need for clinical studies, saving hundreds of thousands on their drugs bill in the process
June 19, 2015 19 Jun'15
Goldman Sachs datacentre deal sees IO open first European site in Slough

US datacentre provider IO has opened its first facility in the UK, with the help of global investment bank Goldman Sachs
June 19, 2015 19 Jun'15
Legacy systems holding back 90% of businesses

Most businesses are being held back from making digital advances by their reliance on legacy applications
June 18, 2015 18 Jun'15
IC Tomorrow selects fintech winners for £175,000 prize

Digital hub IC Tomorrow has injected £175,000 into the financial technology industry by funding five specially selected financial technology startups
June 17, 2015 17 Jun'15
Royal Bank of Scotland goes back to 1970s values with big data

RBS, once the world's largest bank, is using analytics technology to go back to the era of personal customer service
June 09, 2015 09 Jun'15
US state of Maine turns to BPM to cut admin costs

The US state of Maine is automating a range of government processes in a bid to cut administration costs by more than 10%
June 08, 2015 08 Jun'15
Renault latest to offer UK financial services through online account

Renault is offering a UK savings account, with more financial products set to follow
June 03, 2015 03 Jun'15
NHS Shared Business Services expands through acquisition

NHS Shared Business Services acquires to grow customer base and expand offering
June 01, 2015 01 Jun'15
Interview: Praveen Akkiraju, CEO, VCE

Six months on from becoming an EMC-owned company, VCE CEO Praveen Akkiraju talks about how the move will benefit his firm
May 22, 2015 22 May'15
Denmark legislation another step towards a cashless Nordic region

Selected types of Danish retailer could soon be permitted to turn away customers who can’t pay electronically
May 22, 2015 22 May'15
Cloud gives SMEs a competitive edge over the enterprise, claims Salesforce

The rise of cloud computing means enterprises need to keep a closer eye on their SME competitors, claims Sage and Salesforce.com
May 21, 2015 21 May'15
Metro Bank and Zopa collaboration a sign of the future

Challenger financial services firm Metro Bank is offering loans through peer-to-peer lending platform Zopa
May 20, 2015 20 May'15
IT system related to subpostmaster prosecutions under review by CCRC

The Criminal Cases Review Commission (CCRC) receives 20 applications from subpostmasters related to prosecutions for account shortfalls
May 20, 2015 20 May'15
Leeds Building Society embarks on digital services push with HP Cloud

The building society wants to make it easier for customers to manage their money online using HP technology and support services
May 14, 2015 14 May'15
TrustFord chooses virtual load balancers to guarantee network performance

Auto retailer TrustFord picks Kemp’s virtualised load balancers to deliver high availability and performance across the network
May 12, 2015 12 May'15
Global banking IT group completes standardised IT architecture

The Banking Industry Architecture Network (Bian) has announced its standardised global IT architecture for banks
May 08, 2015 08 May'15
CIO interview: Mikael Ludvigsen, DLG Group

It is not an easy job to be the CIO of DLG Group, the ninth largest company in Denmark and the second largest agricultural firm in Europe
May 08, 2015 08 May'15
Use of Halifax mobile banking app doubles

Halifax customers logged into their bank accounts 40 million times in March 2015, double the amount in the same month in 2014
May 06, 2015 06 May'15
American Express joint venture puts finances on Netsuite

American Express Global Business Travel puts its financial operations on a cloud based platform from Netsuite to support its growth
May 06, 2015 06 May'15
EU revamp of payment services draws nearer

The EU cannot afford to continue with costly payment services if it wants to be globally competitive, says MEP
May 05, 2015 05 May'15
Sapphire 2015: McDermott declares SAP natively digital

SAP CEO Bill McDermott declares the company “digital” at Sapphire 2015 and made “empathy” the watchword of his keynote
May 01, 2015 01 May'15
TSB invests £250m in traditional and digital banking

TSB is investing £250m in its digital services and branches to support its belief that customers should not have to choose between the two
April 29, 2015 29 Apr'15
Criminal Courts Review Commission set to review subpostmasters' claims of wrongful prosecution

The Criminal Courts Review Commission (CCRC) reviews subpostmasters' claims of wrongful prosecution by the Post Office due to IT problems
April 29, 2015 29 Apr'15
Deutsche Bank to spend €1bn to go digital

Deutsche Bank is spending up to €1bn on digital technology over the next three to five years following the modernisation of its core banking platform
April 29, 2015 29 Apr'15
MasterCard buys cloud data analytics firm Applied Predictive Technologies for $600m

MasterCard buys cloud-based data analytics company Applied Predictive Technologies (APT) for $600m to offer customers big data services