News

Financial applications

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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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