News
Financial applications
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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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%
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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April 28, 2015
28
Apr'15
Banks risk losing payments business as third-party providers muscle in
Banks and retailers invest in payment technologies to meet customers' expectations and fight the competition threatening their supply chain
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April 28, 2015
28
Apr'15
Brits like digital only banks but still want traditional services
Research has revealed that 13% of British people are already planning to move their current account to a digital-only alternative
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April 27, 2015
27
Apr'15
Tesco Bank upgrades banking app to support Apple Watch
Tesco Bank is the latest company to enable customers to access mobile banking services using an Apple Watch
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April 24, 2015
24
Apr'15
Poor customer engagement at banks opens door to competitors
Customer experience levels at banks have failed to improve for the second year in a row and customers are more likely than ever to leave their bank
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April 24, 2015
24
Apr'15
Changing IT trends power banking in Norway
Norway's banking system is undergoing a seismic shift in technology as the country aims for a fully digitised society
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April 23, 2015
23
Apr'15
SAP users plan in majority for Hana and hybrid
SAP customers have a lot of work to do make the most of their SAP environments before they can move to Hana-based systems
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April 22, 2015
22
Apr'15
Merrill Lynch fined £13.2m by FCA for reporting failures
Investment bank Merrill Lynch International has been fined £13.2m by the FCA for failures related to reporting transactions
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April 21, 2015
21
Apr'15
BT sets out ambition to become enterprise's cloud integrator of choice
BT outlines its 'Cloud of Clouds' vision to allow users to access cloud apps and services, regardless of where their systems are hosted
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April 21, 2015
21
Apr'15
SAP core banking platform will ease Deutsche Bank split following strategic retail review
Deutsche Bank plans a major IT project as strategic review advises spinning off its retail operations – but its SAP platform will ease the split
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April 21, 2015
21
Apr'15
Nearly £13bn to be moved via digital banking a week by 2020
The amount of money being moved via digital banking technologies in the UK will increase by 50% over the next five years
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April 21, 2015
21
Apr'15
Bloomberg global trading outage a risk to users' confidence, says trading software CEO
A repeat of Bloomberg's outage – when terminals failed, leaving traders unable to conduct business – could leave users looking for plan B
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April 20, 2015
20
Apr'15
RBS and NatWest mobile app experiences major outage
RBS and NatWest customers have encountered problems using the firms' mobile banking app as it experiences intermittent service
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April 20, 2015
20
Apr'15
Post Office failed to investigate account shortfalls before legal action, report claims
Post Office too quick to take legal action against subpostmasters, finds independent report
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April 17, 2015
17
Apr'15
Payments firm Monitise puts application programming interfaces in cloud to provide services
Monitise puts its application programming interfaces (APIs) in the cloud for banks and payment firms to use its technology in their services
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April 15, 2015
15
Apr'15
Barclays pays customers to bank online
The importance of online and mobile banking in the future of UK banks is clear as Barclays starts to pay customers to use the channel
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April 14, 2015
14
Apr'15
Lintel bank steers clear of traditional bank IT development
Lintel Bank applies for a UK banking licence and plans to join a growing number of new banks taking on the high street incumbents
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April 13, 2015
13
Apr'15
IT error affects Nordea customers across Finland
Nordea's online systems are back up and running after an unspecified technical problem affected customers in Finland
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April 13, 2015
13
Apr'15
UK consumers to spend over £50bn a year through mobile devices
UK citizens are set to make payments of £53bn a year using mobile devices by 2024 compared to the £9.7bn currently spent
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April 02, 2015
02
Apr'15
Foods manufacturer ConAgra expects to save $5m a year with data analytics
Food manufacturer ConAgra Foods is using data analytics technology to improve how it makes decisions about hiring and deploying its workforce
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March 31, 2015
31
Mar'15
IT is more important than marketing for banks
IT spending will grow at the expense of other areas such as marketing as optimism in financial services increases
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March 30, 2015
30
Mar'15
KPMG teams up with Microsoft to boost enterprise cloud adoption
Advisory firm to draw on Microsoft technologies to deliver cloud-based data analytics, and business transformation services to clients
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March 30, 2015
30
Mar'15
Finance firms leading the way in automation software adoption
Financial services firms are leading the way in the adoption of software robots to complete repetitive tasks
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March 27, 2015
27
Mar'15
Talk Talk moves HR systems to cloud
Managers now have accurate information on their workforce numbers, salary and overtime costs
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March 27, 2015
27
Mar'15
Retiring MP aims to uncover truth of alleged Post Office computer system problems
Retiring MP James Arbuthnot is determined to get to the bottom of problems with the Post Office system that led to subpostmasters being blamed for account shortfalls
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March 27, 2015
27
Mar'15
Unit4 unites ERP brands as Business World for services organisations
Unit4 has brought its Agresso, Coda and other products under a new banner, Business World
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March 27, 2015
27
Mar'15
Gocompare puts banks on the defensive
The UK could be on the cusp of dramatic changes in retail banking following the launch of a current account comparison service
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March 26, 2015
26
Mar'15
Ovum urges service providers to get serious about cloud security
Analyst Ovum's report into enterprise cloud adoption warns service providers to stop treating customers' security as an afterthought
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March 25, 2015
25
Mar'15
Monitise no longer up for sale
Mobile banking software company Monitise to continue as an independent company rather than seek to be taken over
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March 24, 2015
24
Mar'15
MPs seek reassurance over Post Office mediation scheme
Business Innovation and Skills (BIS) select committee seeks reassurances over the Post Office mediation scheme
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March 23, 2015
23
Mar'15
Deutsche Bank retail split looms as IT overhaul nears completion
Deutsche Bank may separate as it restructures, with bank executives said to prefer a spin-off and stock market listing of retail operations
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March 23, 2015
23
Mar'15
Sabadell to migrate TSB IT to proprietary banking platform with £450m sweetener
Spanish bank Sabadell will move TSB IT systems to its own in-house core banking platform
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March 19, 2015
19
Mar'15
Current account comparison from Gocompare announced in Budget 2015
The government used the Budget to announce changes in the banking sector that will increase consumer and business choice
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March 18, 2015
18
Mar'15
Six technology companies to hasten the demise of retail bank giants
UK retail banks are under pressure from regulation, costs and increasing competition
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March 17, 2015
17
Mar'15
TfL now fastest growing contactless merchant in UK
Transport for London has been named as the fastest growing contactless merchants in the UK and Europe
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March 13, 2015
13
Mar'15
IBM could create blockchain-based digital payments infrastructure for central banks
IBM has held informal talks with some central banks about building an infrastructure that can provide them with bitcoin-like digital payments systems
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March 12, 2015
12
Mar'15
Lack of awareness of switching service could hit challenger banks
A lack of consumer awareness about the system that enables bank accounts to be switched in seven days could restrict its impact
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March 11, 2015
11
Mar'15
Google and Amazon bigger threat to retail banks than new entrants
Retail banks are more concerned with competition from technology firms than from new banks or payment platforms such as PayPal
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March 11, 2015
11
Mar'15
Post Office ends working group for IT system investigation day before potentially damaging report
The Post Office closed a working group involved in an investigation into claims against allegedly faulty accounting software used by subpostmasters
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March 10, 2015
10
Mar'15
Innovate finance aims to connect fintech hubs outside London
Membership body Innovate Finance launches strategy to connect finance technology hubs across the UK and promote innovation
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March 10, 2015
10
Mar'15
Technology key as challenger bank OakNorth gets licence
SME-focused challenger bank OakNorth says financial services technology will enable it to serve customers fast
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March 05, 2015
05
Mar'15
Financial sector cloud adoption on the rise despite security concerns
Cloud Security Alliance research reveals softening attitude towards off-premise technologies from financial services firms
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March 04, 2015
04
Mar'15
Latest new UK bank launches virtually
Challenger financial services firm Charter Savings Bank has been launched, taking advantage of the lower cost of a virtual presence
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March 03, 2015
03
Mar'15
RBS should be broken into 130 local banks that use the same IT systems
The UK economy would receive a multibillion-pound boost by breaking up the majority state-owned RBS into 130 local banks, according to a think tank
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February 27, 2015
27
Feb'15
Mobile World Congress: Visa considers future of mobile payments
Visa makes a number of enhancements around its mobile payments strategy ahead of Mobile World Congress 2015
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February 24, 2015
24
Feb'15
Digital cheque processing could prove fatal blow to hundreds of bank branches
Banks have reneged on their promise to keep bank branches open, blaming changing consumer habits and digital technology
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February 23, 2015
23
Feb'15
Sainsbury’s latest retailer to commit to banking with branches planned
Sainsbury’s plans to open bank branches in some stores as it expands further into financial services
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February 10, 2015
10
Feb'15
Barclays to have iPad branches
Barclays community bankers will create bank branches on iPads to give customers a branch-like experience wherever they are
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February 09, 2015
09
Feb'15
MarkLogic introduces bi-temporality with eye to regulated industries
NoSQL database supplier MarkLogic adds feature which allows organisations to look at data as it has been at different points in time
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February 03, 2015
03
Feb'15
SAP unveils S/4Hana as 'biggest launch in 23 years'
SAP launches what CEO Bill McDermott calls “our biggest launch in 23 years, if not in the entire history of the company”, SAP S/4Hana
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February 03, 2015
03
Feb'15
Post Office CIO would talk to any subpostmaster about IT problems, promises CEO
The CEO of the Post Office defended the organisation’s support for users of its accounting system in a select committee inquiry into alleged problems
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February 03, 2015
03
Feb'15
Paym sends £26m in payments
More than 1.8 million people have registered to make payments to people using only their mobile phone number
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February 02, 2015
02
Feb'15
UK peer-to-peer lending exceeded £1bn in 2014
Peer-to-peer lending accounted for more than £1.2bn of UK loans in 2014, with confidence growing in IT-enabled access to credit
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January 28, 2015
28
Jan'15
Post Office faces grilling by MPs over Horizon accounting system
The Post Office faces a grilling by MPs over its mediation scheme for subpostmasters penalised by its Horizon accounting system
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January 27, 2015
27
Jan'15
CIO interview: Phil Pavitt, global CIO, Specsavers
Phil Pavitt, the new global CIO of Specsavers, has fixed his sights on helping the high-street optician take a great IT leap forward
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January 26, 2015
26
Jan'15
Banks must prepare for state-sponsored cyber crime, says Bank of England
In a survey of 36 UK financial firms, the Bank of England says it found no immediate gaps in defence, but warns against complacency
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January 23, 2015
23
Jan'15
Bank account switching in 2014 more than 2013 but less than 2012
Fewer people changed their current account provider in 2014 than before the seven-day switching service was available
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January 21, 2015
21
Jan'15
MPs force inquiry into Post Office subpostmaster mediation scheme
MPs force inquiry into Post Office scheme to redress grievances of subpostmasters claiming to have been wrongly punished for false accounting
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January 20, 2015
20
Jan'15
SAP’s Cohen on 2014 results: Europe strong north and south
SAP’s Emea president Franck Cohen optimistic about the supplier’s growth prospects in southern and northern Europe
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January 20, 2015
20
Jan'15
CIO interview: Sarah Flannigan leads change at the National Trust
National Trust CIO’s IT strategy is a £40m transformation that represents the biggest change project in the charity's history
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January 13, 2015
13
Jan'15
SAP’s 2014 preliminary cloud revenue grows by 45% to €1.1bn
SAP’s preliminary 2014 financial results indicate total revenue of €17.58bn, of which €1.1bn was cloud subscriptions and support
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January 09, 2015
09
Jan'15
European Commission defends US gagging order
The European Commission said the US has the right to prevent access to a document about data sharing
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January 09, 2015
09
Jan'15
Standard Chartered bank cuts thousand of jobs in digital strategy
Standard Chartered is the latest bank to cut thousands of jobs as it cuts costs and encourages its customers to use digital channels
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January 08, 2015
08
Jan'15
Sainsbury's Bank IT system problems a warning to new banks
Sainsbury's Bank has experienced IT problems that left customers unable to use their credit cards for a day
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January 07, 2015
07
Jan'15
Oracle will lose out unless it changes its software licensing
In an open letter, Campaign for Clear Licensing highlights the risk to Oracle’s future earnings due to aggressive licensing
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January 07, 2015
07
Jan'15
Case study: UniCredit uses Fico to apply prescriptive analytics to risk management
Italian bank UniCredit is using Fico software to apply prescriptive analytics to risk management
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January 05, 2015
05
Jan'15
Enterprise mobility is now all about applications
2014 was an excellent year for mobile applications, with many businesses investing in apps to improve mobility
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December 18, 2014
18
Dec'14
MP accuses Post Office of acting "duplicitously" in IT investigation
MPs claim Post Office was being "high handed" towards MPs and running a "flawed, deteriorating" accounting system
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December 16, 2014
16
Dec'14
MPs to debate subpostmaster IT injustice claims
Debate about the Post Office scheme to redress grievances of subpostmasters will be held in Westminster Hall
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December 12, 2014
12
Dec'14
IT spending grows at fastest rate in five years
Agile IT departments are emerging with the ability to flex their budgets quickly to meet new business demands
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December 11, 2014
11
Dec'14
Interview: SAP ramps up pressure on customers to move to Hana
Philip Adams, chairman of the UK and Ireland SAP User Group, says SAP is increasing pressure on customers to move to Hana
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December 10, 2014
10
Dec'14
Faster Payments plans to widen UK scheme
The UK’s Faster Payments Scheme has proposed changes to its infrastructure to enable more businesses to connect to its network