News

Financial applications

January 26, 2022 26 Jan'22
TigerGraph roars into APAC

The graph database technology supplier is approaching the region with a solution-based strategy and partnering with universities to grow local capabilities
January 25, 2022 25 Jan'22
Subpostmaster campaign group to meet government over unfair compensation settlement

A group of subpostmasters excluded from fair compensation in the Horizon scandal is to meet government department to discuss their demands
January 24, 2022 24 Jan'22
CIO interview: Sheri Rhodes, CIO, Workday

The coronavirus pandemic has accelerated digital change for many businesses – and even for cloud software leader Workday, there are always new things to learn and introduce
January 24, 2022 24 Jan'22
Heathrow Airport takes to the cloud with Oracle Fusion Applications

Airport has implemented a full spread of Oracle Cloud Applications, including ERP and HCM, as it looks to recover from the pandemic

January 20, 2022 20 Jan'22
Government ‘has nothing against’ paying 555 subpostmasters fair compensation

Government officials are open to finding a way to properly compensate victims of the Horizon scandal without setting a dangerous legal precedent
January 20, 2022 20 Jan'22
Zopa Bank hits £1bn deposits in just 18 months

Bank has seen rapid growth since its launch and has set ambitious targets for the next 12 months
January 18, 2022 18 Jan'22
Amazon puts UK Visa ban on hold

Online retail giant Amazon continues to allow UK Visa credit card payments as negotiations over fees with the card provider continue
January 18, 2022 18 Jan'22
Government widens subpostmaster miscarriage of justice compensation

Government changes its position in billion-pound Horizon scandal compensation
January 14, 2022 14 Jan'22
Post Office received £1bn taxpayer subsidy last year as part of IT scandal compensation

The Post Office has received over £1bn in taxpayer subsidies for its Horizon scandal compensation scheme
January 13, 2022 13 Jan'22
2021 a blockbuster year for mobile apps

Research from App Annie reveals most mobile-first environment ever seen, with more time than ever before spent in mobile apps, reaching 4.8 hours a day in the top mobile-first markets

January 11, 2022 11 Jan'22
Post Office can’t access records of all money paid to it by victims of the Horizon scandal

A parliamentary select committee was told that the Post Office is unable to access information to accurately calculate compensation for some Horizon scandal victims
January 10, 2022 10 Jan'22
MPs call for fair compensation for excluded victims of Post Office scandal

Almost 100 MPs have backed a call for the government to reverse its decision to exclude 555 subpostmasters from fair compensation for their suffering and losses as a result of the Post Office Horizon scandal
December 30, 2021 30 Dec'21
Top 10 Post Office Horizon stories of 2021

The past 12 months have seen some of the biggest landmarks in the unravelling of the Post Office Horizon scandal. Computer Weekly takes a look at a selection of key articles in 2021
December 29, 2021 29 Dec'21
Top 10 business applications stories of 2021

2021 saw enterprise software suppliers and users envisaging a nimbler future, beyond the Covid pandemic, with more loosely coupled ERP systems, more flexible business processes, and a renewed digital-first focus on customers
December 23, 2021 23 Dec'21
Top 10 ASEAN IT stories of 2021

Here are Computer Weekly’s top 10 ASEAN IT stories of 2021
December 22, 2021 22 Dec'21
Top 10 financial services and fintech stories of 2021

Computer Weekly selects 10 key stories from the financial services IT sector over the past year
December 21, 2021 21 Dec'21
UK tech startups raise almost £30bn in record year

The UK tech sector has achieved record growth in the past 12 months after the Covid pandemic paused investment
December 15, 2021 15 Dec'21
Pressure on government to pay fair compensation to subpostmasters left out of current schemes

MPs demand that the subpostmasters who defeated the Post Office in court should be properly compensated for their losses and suffering
December 14, 2021 14 Dec'21
Government must go further after agreeing to pay compensation for wrongly convicted subpostmasters

The government has agreed to pay compensation to former subpostmasters wrongly convicted in the Post Office Horizon IT scandal, but continues to refuse to pay a significant group of victims
December 07, 2021 07 Dec'21
Zopa to focus on banking after closing peer-to-peer lending

Peer-to-peer lending pioneer Zopa to focus on its banking operation after the closure of its original business
December 07, 2021 07 Dec'21
Former TSB CEO joins money-sharing fintech

Paul Pester teams up with fintech heavyweights to target multibillion-pound money-sharing market
December 01, 2021 01 Dec'21
Cloud-based Redwood becomes latest challenger bank to make a profit

Cloud-based business bank becomes the latest of the new wave of challengers to achieve profit
November 26, 2021 26 Nov'21
Post Office inquiry clears up opaque stance on subpostmaster compensation

The chair of the Post Office scandal public inquiry has confirmed the compensation of a group of subpostmasters will be revisited
November 19, 2021 19 Nov'21
Subpostmasters asked to withdraw support for Post Office scandal inquiry

Subpostmaster campaign group founder calls for members to withdraw support for public inquiry into Horizon IT scandal over lack of adequate compensation
November 17, 2021 17 Nov'21
Post Office agrees to share privileged legal information with Horizon scandal inquiry

The Post Office will waive professional legal privilege for documents relating to legal advice it received regarding subpostmaster prosecutions
November 15, 2021 15 Nov'21
Convictions of eight former subpostmasters in Scotland under review

The Scottish Criminal Cases Review Commission is investigating eight potential miscarriages of justice linked with faulty Post Office IT system
November 12, 2021 12 Nov'21
Cost reduction is still the biggest driver of banks’ cloud adoption

More than 80% of banks now have a clear cloud strategy following a injection of urgency during the Covid-19 pandemic
November 10, 2021 10 Nov'21
Traditional banks could get revenue boost if they copy digital challengers

Traditional banks could see huge sales increases if they adopted the business models of their digital challengers
November 09, 2021 09 Nov'21
Government and Post Office should stop discussing Horizon victim compensation and pay it

The first hearing in the Post Office Horizon scandal public inquiry hears why victims should be paid compensation immediately
November 05, 2021 05 Nov'21
Number of subpostmasters appealing convictions reaches 137 at one legal firm

Former subpostmasters convicted of crimes based on data from error-prone Post Office computer system continue to embark on appeals
November 04, 2021 04 Nov'21
Rise with SAP attracts 11% interest from SAP customers

Research from the UK & Ireland SAP User Group has found only 11% of members plan to use SAP’s Rise with SAP business transformation as a service offering
November 04, 2021 04 Nov'21
Women grossly underrepresented in global fintech

Women are CEOs at less than 6% of global financial technology firms and even fewer hold top tech jobs
November 04, 2021 04 Nov'21
Fujitsu escaped huge lawsuit because Post Office behaved so badly in Horizon scandal

How Fujitsu has so far avoided a huge lawsuit in relation to its role in the Horizon scandal
October 26, 2021 26 Oct'21
Thought Machine: Google-inspired banking fintech to unicorn and beyond

UK fintech unicorn Thought Machine is transforming the IT of large traditional banks, while working with fledgling digital-only challengers
October 22, 2021 22 Oct'21
Post Office board ‘appalling’ and ‘short-sighted’, said minister researching Horizon project in 2000

A government minister investigating the controversial Horizon IT project in 2000 described the Post Office board of directors as ‘appalling, short-sighted and partisan’
October 20, 2021 20 Oct'21
Oracle NetSuite embeds HSBC corporate banking services into ERP

Oracle Netsuite integrates HSBC corporate banking services into its latest software
October 19, 2021 19 Oct'21
Zopa becomes unicorn with latest funds to go to bank operation

Zopa will invest in its growing digital bank operation after becoming a unicorn in its latest fund-raising round
October 14, 2021 14 Oct'21
SocGen to cull thousands of jobs and move to single IT platform in merger with subsidiary

French bank’s move to a single banking platform will enable it to cater for changing customer demands
October 13, 2021 13 Oct'21
Post Office Horizon scandal inquiry announces first public hearing

Public inquiry into the Post Office Horizon scandal will hold its first public hearing next month
October 12, 2021 12 Oct'21
Morgan Stanley brings diverse fintech innovation to London

US bank expands its diversity-focused fintech accelerator programme to Europe with an initial £1m investment
October 12, 2021 12 Oct'21
Nearly half of finance firms will acquire or partner fintechs in next year

UK financial services firms are preparing to acquire or partner fintechs as they target business growth
October 06, 2021 06 Oct'21
Tech Nation adds 30 fintech scaleups to growth programme as funding continues to rise

UK government-backed startup network adds 30 fintechs to its growth programme amid record investments in finance tech sector
September 30, 2021 30 Sep'21
Digital bank fined by regulator due to weak anti-money laundering controls

German digital bank is fined by financial services regulator for failing in relation to its anti-money laundering practices
September 22, 2021 22 Sep'21
JP Morgan Chase to replace core banking system with Google-inspired cloud platform

JP Morgan Chase is the latest bank to acquire the cloud-native core banking technology of UK fintech Thought Machine
September 15, 2021 15 Sep'21
UN human rights chief calls for moratorium on AI technologies

High commissioner’s call for a moratorium on the use of AI systems that pose a serious risk to human rights is accompanied by a UN report on the negative human rights impacts associated with the technology
September 14, 2021 14 Sep'21
Government minister holds secret meeting with Post Office Horizon scandal victims

BEIS minister Paul Scully has Zoom call with three subpostmasters who were victims of the Post Office Horizon scandal
September 14, 2021 14 Sep'21
CCRC refers six more subpostmaster convictions for appeal

An additional six subpostmasters’ convictions have been referred for appeal in Post Office IT scandal
September 06, 2021 06 Sep'21
Saudi tourism development fund goes cloud-first with Oracle

$4bn fund will be used to invest in developing Saudi Arabia’s tourism industry as the country reduces its economic reliance on oil and gas
August 31, 2021 31 Aug'21
Subpostmasters demand more clarity on Horizon public inquiry before committing their support

Subpostmaster campaign group founder demands that financial redress for members be included in public inquiry before it ‘willingly’ participates
August 19, 2021 19 Aug'21
Challenger banks make reputational gains in business banking

The business banking sector is a big target for digital challengers and some are already building good reputations in the market