News

Financial applications

• March 10, 2022 10 Mar'22

  Open banking’s next big thing could replace direct debits

  Variable recurring payments could fuel the next stage of open banking take-up in the UK

• March 08, 2022 08 Mar'22

  Horizon inquiry hearing sheds light on subpostmaster federation’s role in hushing up IT problems

  A National Federation for Subpostmasters official had huge unexplained loss written off by Post Office despite many in the same position being convicted for crimes they didn't commit

• March 03, 2022 03 Mar'22

  Post Office warned of software flaw in 2006, but failed to alert subpostmaster network

  The Post Office and Fujitsu failed to alert subpostmasters to a software error that caused them to be wrongly blamed for accounting shortfalls

• February 28, 2022 28 Feb'22

  Government set to backtrack on untenable position on subpostmaster compensation

  The government looks set to backtrack on its previous stance and outline a means of providing fair compensation to a group of Post Office Horizon scandal victims so far left out of compensation schemes

• February 22, 2022 22 Feb'22

  Horizon inquiry questioning raises hopes of fair compensation for victims so far left out

  Post Office Horizon scandal victims left out of current compensation schemes have had their hopes raised that the statutory public inquiry is seriously addressing their demands for fair financial redress

• February 18, 2022 18 Feb'22

  The British people are waking up to the scandal that happened under their noses

  Victims of the Post Office Horizon scandal have been suffering in silence for many years, but the current public inquiry is giving them a voice, and people are listening

• February 16, 2022 16 Feb'22

  MPs demand urgent compensation for Post Office scandal victim group

  MPs have called for the government to urgently provide fair compensation to a group of victims of the Post Office Horizon scandal who have so far been left out of compensation schemes

• February 09, 2022 09 Feb'22

  Post Office scandal victims to tell their stories in public

  Victims of the Post Office Horizon scandal are due to tell their devastating stories to the statutory inquiry

• February 08, 2022 08 Feb'22

  UK fintech investment sees sevenfold increase in a year

  UK fintech investment rose from $5.2bn in 2020 to $37.3bn in 2021, with 603 private equity, venture capital and merger and acquisition deals

• February 03, 2022 03 Feb'22

  Cack-handed government compensation scheme prolongs suffering of Horizon scandal victims

  Victims of the Post Office Horizon scandal are being denied the millions of pounds they are owed as the government delays compensation resolution

• February 03, 2022 03 Feb'22

  UAE chooses Accenture to develop national payments platform

  Consortium led by Accenture to build new payments infrastructure in the United Arab Emirates

• February 01, 2022 01 Feb'22

  Dutch software engineers join campaign for research funding

  Software researchers from all over Europe are sounding the alarm: to maintain a strong international competitive position, more financial resources must be committed to software research

• January 27, 2022 27 Jan'22

  Bank account switching accelerates as consumers choose digital services

  Surge in UK consumers changing current account providers is a sign that digital banking services are eating into the traditional sector

• January 26, 2022 26 Jan'22

  Demands on Fujitsu to contribute to £1bn Horizon scandal compensation costs

  Fujitsu cannot hide away as taxpayers pick up the bill for the Post Office scandal triggered by its IT system, say peers

• 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