Financial applications
Find news stories, analysis and case studies to help you best leverage financial applications to drive forward business and corporate strategies. Stay abreast of new financial applications developments, and get expert advice on how to evaluate corporate performance management (CPM) software, and manage corporate performance management systems. Learn how to best use software to improve financial management processes such as forecasting, planning and budgeting. And read about how to use financial analytics software to create performance dashboards to aid decision-making.
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News
11 Jun 2024
Cobol knowledge crisis threatens Dutch financial systems
Expertise in complex Cobol systems, critical to major financial institutions, is dwindling in The Netherlands, resulting in retired professionals returning work Continue Reading
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News
15 Jan 2024
Santander bank added 4,500 tech staff last year
Santander added thousands of IT staff to its global operation last year, as part of its digital transformation Continue Reading
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News
10 May 2022
CCRC to contact 88 more former subpostmasters with potentially wrongful convictions
The Criminal Cases Review Commission is to contact 88 more potentially wrongfully convicted Post Office workers Continue Reading
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News
10 May 2022
Post Office scandal inquiry chair brings forward urgent compensation hearings
The chair of the Post Office Horizon scandal inquiry has brought forward hearings about compensation as victims warn that at this rate “people will die” before they get anything Continue Reading
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News
09 May 2022
Post Office scandal victims in Scotland to tell their stories, raising questions of law
Inquiry into Post Office scandal moves to Scotland, with differences in English and Scottish law raising further serious questions about subpostmaster prosecutions Continue Reading
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News
06 May 2022
How Rimini Street is growing its footprint in ASEAN
Rimini Street is expanding its reach in ASEAN as more companies, such as Malaysian carmaker Proton, look for cheaper software maintenance options Continue Reading
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News
04 May 2022
Judicial intervention 'inevitable' as Post Office compensation valuation falls short
Lawyer negotiating compensation for victims of Post Office scandal says the two sides are 'poles apart' on valuations Continue Reading
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News
03 May 2022
Post Office scandal CEO could be stripped of CBE
Honours Forfeiture Committee to review Paula Vennells’ CBE in the light of Post Office scandal Continue Reading
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E-Zine
03 May 2022
A prescription for digital accessibility at Boots
In this week’s Computer Weekly, millions of people have difficulties when using websites – we find out how Boots is making its e-commerce offering fully accessible. Our new buyer’s guide examines communications as a service. And we talk to Trainline’s CTO about how the rail app provider survived and thrived post-pandemic. Read the issue now. Continue Reading
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News
27 Apr 2022
Police question former Fujitsu worker again in Post Office scandal perjury investigation
Police have interviewed a former Fujitsu employee for the third time in the investigation into potential perjury during trials of wrongfully convicted subpostmasters Continue Reading
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News
25 Apr 2022
Post Office scandal victims still waiting for compensation a year after convictions overturned
Former subpostmasters at the centre of one of biggest miscarriage of justice in modern history are still waiting for compensation a year after their wrongful convictions were overturned Continue Reading
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News
22 Apr 2022
SAP Q1 2022: Revenue up 11%, Ukraine war impact projected to be €300m
SAP has announced first-quarter revenue of more than €7.1bn, and the Ukraine war is projected to have a €300m impact for 2022 Continue Reading
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News
21 Apr 2022
NexGen Networks deploys Equinix platform to scale business in Europe
Digital infrastructure company teams with fibre optic-based network systems provider to expand capacity in Europe in response to increasing demand for secure, low-latency interconnection Continue Reading
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News
21 Apr 2022
More Scottish subpostmaster conviction reviews expected as part of Post Office scandal
The Scottish Criminal Cases Review Commission expects more subpostmasters with potential wrongful convictions to come forward Continue Reading
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News
20 Apr 2022
Nationwide Building Society streamlines payment dispute process through software
Building society has speeded up the resolution of customer disputes over Visa payments by using Pegasystems software Continue Reading
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News
13 Apr 2022
Oracle vaunts ME as employee experience platform geared to post-crisis workforce realities
Oracle has launched an employee experience platform, dubbed ME, said to be designed for post-Covid, individualistic pandemic workforce trends Continue Reading
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News
07 Apr 2022
Banks should be able to integrate e-krona into existing systems, says Swedish regulator
Swedish financial services regulator says banks and service providers should be able to integrate a potential digital currency into existing systems Continue Reading
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Video
07 Apr 2022
The rise and rise of blockchain technology
The growing use of blockchain across Asia-Pacific is set to continue, with spending on the technology slated to hit $2.4bn this year, according to IDC Continue Reading
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News
06 Apr 2022
APAC organisations to spend more on AI
The higher investments in AI will be led by the region’s banking industry which is harnessing AI systems to mitigate risks and detect fraud Continue Reading
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News
05 Apr 2022
Zopa bank profitable after just 21 months
The bank that emerged from peer-to-peer lending pioneer has hit its first profit after 21 months of operation Continue Reading
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News
30 Mar 2022
Compensation goal finally in sight for 555 Post Office scandal victims
The subpostmaster campaign group which exposed the Post Office Horizon scandal could be close to achieving the objective it was established for, with fair compensation for its members in sight Continue Reading
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News
30 Mar 2022
Acquisition of UK fintech Azimo will address home-working challenges for enterprises
UK fintech acquired by Papaya Global is looking to improve cross-border employee payments Continue Reading
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News
30 Mar 2022
Lax money laundering controls lands N26 with ban from Italian central bank
German digital bank N26 has had problems with anti-money laundering regulations in the past, and is now banned in Italy Continue Reading
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News
29 Mar 2022
UK tech ecosystem reaches $1tn valuation
The onset of the Covid-19 pandemic prompted massive investment in the UK’s digital companies, which are collectively valued at $1tn Continue Reading
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News
29 Mar 2022
HSBC chooses IBM support for its quantum leap
UK bank moves to the next stage of its work with quantum computers through a deal with IBM Continue Reading
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News
28 Mar 2022
IT professionals wary of government campaign to limit end-to-end encryption
Members of the Chartered Institute of IT, the professional body for technology professionals in the UK, warn against limiting end-to-end encryption Continue Reading
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News
28 Mar 2022
Most big businesses are taking up banking as a service
API-based banking services allow corporate customers to offer financial services without the need for heavy tech development or regulatory approval Continue Reading
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Definition
28 Mar 2022
GAAP (generally accepted accounting principles)
GAAP (generally accepted accounting principles) is a collection of commonly followed accounting rules and standards for financial reporting. Continue Reading
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Definition
25 Mar 2022
general ledger (GL)
A general ledger (GL) is a set of numbered accounts a business uses to keep track of its financial transactions and to prepare financial reports. Continue Reading
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News
24 Mar 2022
Unipart maps way ahead with Rise with SAP service
Unipart has chosen the Rise with SAP S/4 Hana-based service as it seeks to develop further the systems integration side of its business Continue Reading
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News
24 Mar 2022
Recognising APAC’s trailblazers in digital transformation
The region’s top industry innovators were recognised for their digital transformation efforts at the Computer Weekly Innovation Awards APAC 2022 Continue Reading
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News
24 Mar 2022
CW Innovation Awards: How WLTH is disrupting traditional banking
The fintech company built its own technology stack that delivers data analytics and other capabilities as it seeks to win market share from traditional banks Continue Reading
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News
23 Mar 2022
SAP to invest S$250m in Singapore innovation lab
New lab will double SAP’s engineering workforce in Singapore by 2025 and help to shape the company’s product development roadmap Continue Reading
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News
22 Mar 2022
Competition watchdog contacts Barclays and Lloyds banks over API failures
Barclays and Lloyds banks have failed to meet some of the open banking rules, says competition watchdog Continue Reading
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News
22 Mar 2022
555 subpostmasters to get fair compensation after government U-turn
Government finally agrees to pay 555 Post Office scandal victims fair compensation Continue Reading
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News
14 Mar 2022
‘Technical issues’ leave Post Office branches with ATM cash discrepancies
Discrepancies of up to £2,000 reported after an ‘IT change’ impacted more than 200 Post Office branches Continue Reading
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News
10 Mar 2022
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 Continue Reading
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E-Zine
10 Mar 2022
CW Europe: Luxembourg sees big role in global fintech market
Read about Luxembourg’s aim to play a larger role in the rapidly growing global financial technology market. Also find out how a Siri-like digital assistant will automate the completion of government service requests in Estonia, and how drones can get life-saving equipment to heart attack victims in Sweden before emergency services can arrive on the scene. Continue Reading
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Opinion
08 Mar 2022
Subpostmasters won their David and Goliath battle, but initial goal still not reached
Despite exposing the Post Office Horizon scandal, Alan Bates, the former subpostmaster who drove the campaign for the truth, says the goal of repaying people what they lost has not yet been achieved Continue Reading
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News
08 Mar 2022
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 Continue Reading
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News
03 Mar 2022
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 Continue Reading
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E-Zine
01 Mar 2022
Post Office Horizon scandal enters public conscience – at last
In this week’s Computer Weekly, 13 years after Computer Weekly first reported on flaws in the Post Office IT system, a public inquiry finally allows victims to reveal the devastating impact on their lives. Enterprises are starting to evaluate the uses of 5G. And we look at how SMEs have turned to e-commerce after the pandemic. Read the issue now. Continue Reading
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News
28 Feb 2022
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 Continue Reading
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News
22 Feb 2022
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 Continue Reading
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News
18 Feb 2022
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 Continue Reading
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News
16 Feb 2022
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 Continue Reading
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Tip
15 Feb 2022
How SAP tools could help you move to continuous accounting
SAP tools like SAP Business Planning and Consolidation can help companies switch from periodic closing to continuous accounting and planning. Learn more about how it works. Continue Reading
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Tip
14 Feb 2022
Solving GAAP vs. IFRS, other accounting challenges with SAP
SAP ERP products can help users with international accounting challenges like GAAP vs. IFRS. Learn how the software can potentially make the process easier. Continue Reading
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News
09 Feb 2022
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 Continue Reading
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News
08 Feb 2022
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 Continue Reading
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News
03 Feb 2022
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 Continue Reading
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News
03 Feb 2022
UAE chooses Accenture to develop national payments platform
Consortium led by Accenture to build new payments infrastructure in the United Arab Emirates Continue Reading
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Tip
02 Feb 2022
How can SAP's Financial Closing Cockpit streamline closing?
SAP's Financial Closing Cockpit and its next-generation cloud iteration could help companies manage their closing more efficiently. Learn more about the applications' capabilities. Continue Reading
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Feature
02 Feb 2022
Finland brings cryostats and other cool things to quantum computing
Not only is Finland the clear leader in refrigeration technology for quantum computers, but it also leads in fundamental research into the underlying quantum information theory Continue Reading
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News
01 Feb 2022
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 Continue Reading
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News
27 Jan 2022
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 Continue Reading
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News
26 Jan 2022
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 Continue Reading
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News
26 Jan 2022
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 Continue Reading
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News
25 Jan 2022
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 Continue Reading
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News
24 Jan 2022
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 Continue Reading
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News
24 Jan 2022
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 Continue Reading
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News
20 Jan 2022
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 Continue Reading
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News
20 Jan 2022
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 Continue Reading
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E-Zine
18 Jan 2022
The race to quantum computing
In this week’s Computer Weekly, researchers are racing to create the first commercially useful quantum computer – we look at one of the European candidates. Cyber security is one of the greatest risks facing the global economy, warns the World Economic Forum. And we examine the role of employee experience in hybrid working. Read the issue now. Continue Reading
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News
18 Jan 2022
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 Continue Reading
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News
18 Jan 2022
Government widens subpostmaster miscarriage of justice compensation
Government changes its position in billion-pound Horizon scandal compensation Continue Reading
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News
14 Jan 2022
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 Continue Reading
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News
13 Jan 2022
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 Continue Reading
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News
11 Jan 2022
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 Continue Reading
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News
10 Jan 2022
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 Continue Reading
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News
30 Dec 2021
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 Continue Reading
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News
29 Dec 2021
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 Continue Reading
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News
23 Dec 2021
Top 10 ASEAN IT stories of 2021
Here are Computer Weekly’s top 10 ASEAN IT stories of 2021 Continue Reading
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Opinion
22 Dec 2021
A trial relying on computer evidence should start with a trial of the computer evidence
Learning from the Post Office Horizon scandal - the most widespread miscarriage of justice in recent British legal history Continue Reading
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News
22 Dec 2021
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 Continue Reading
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News
21 Dec 2021
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 Continue Reading
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News
15 Dec 2021
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 Continue Reading
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News
14 Dec 2021
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 Continue Reading
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News
07 Dec 2021
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 Continue Reading
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News
07 Dec 2021
Former TSB CEO joins money-sharing fintech
Paul Pester teams up with fintech heavyweights to target multibillion-pound money-sharing market Continue Reading
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News
01 Dec 2021
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 Continue Reading
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News
26 Nov 2021
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 Continue Reading
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News
19 Nov 2021
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 Continue Reading
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News
17 Nov 2021
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 Continue Reading
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News
15 Nov 2021
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 Continue Reading
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News
12 Nov 2021
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 Continue Reading
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News
10 Nov 2021
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 Continue Reading
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News
09 Nov 2021
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 Continue Reading
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News
05 Nov 2021
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 Continue Reading
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News
04 Nov 2021
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 Continue Reading
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News
04 Nov 2021
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 Continue Reading
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News
04 Nov 2021
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 Continue Reading
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News
26 Oct 2021
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 Continue Reading
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News
22 Oct 2021
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’ Continue Reading
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News
20 Oct 2021
Oracle NetSuite embeds HSBC corporate banking services into ERP
Oracle Netsuite integrates HSBC corporate banking services into its latest software Continue Reading
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News
19 Oct 2021
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 Continue Reading
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News
14 Oct 2021
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 Continue Reading
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News
13 Oct 2021
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 Continue Reading
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News
12 Oct 2021
Morgan Stanley brings diverse fintech innovation to London
US bank expands its diversity-focused fintech accelerator programme to Europe with an initial £1m investment Continue Reading
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News
12 Oct 2021
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 Continue Reading
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News
06 Oct 2021
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 Continue Reading
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News
30 Sep 2021
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 Continue Reading