The Co-operative Bank is to invest another £500m in upgrading its IT systems over the next three years as the Co-operative Group cedes control of its troubled bank to US hedge funds. The news was revealed as the Bank unveiled a ...
Tags: Computer Products, bank, software
The Co-operative Bank has written down £148.4m after deciding not to go ahead with the implementation of a new core banking platform. The bank revealed the write down as part of its financial results for the six months to 30 June ...
Tags: Computer Products
Nissan and some other big brands have suspended advertising campaigns on Facebook after ads were apparently displayed next to offensive content on the site. The campaigns were put on hold in the U.K. just as Facebook rolled out new ...
Tags: Facebook, Ads, Computer Products
Nationwide Building Society has been hit by an IT glitch, with many of its customers flocking to social network Twitter to show their frustration. Chelsey Strode tweeted "thanks Nationwide for being a massive inconvenience", while Chloe ...
Tags: Computer Products, software
IBM has started a new practice to help organizations interact more effectively with their customers through the use of social media and other emerging technologies. "Today, businesses have a completely different way of engaging ...
Tags: IBM, Computer Products
The industry that you expect to hit the IT headlines on a regular basis has not let us down in the last 12 months,despite continued tough market conditions. With customer demands changing,banks have to innovate around things like mobile ...
Tags: Financial Services, IT, bank, mobile banking, Barclays, RBS
Hardly a day goes by without a story about the UK banking community messing up in some way or other. Some of the highest profile stories of the year have been around banks side-stepping regulation and fixing the markets for their own ...
Tags: UK banking community, profile stories, banks, benefit
The UK's financial services sector needs urgent investment in its IT infrastructure in order to identify and mitigate systemic risks,according to a report by the trade association for the UK technology sector,Intellect. In its Biting the ...
Tags: Banks, IT infrastructure, financial system, RBS
Tony Prestedge is COO at Nationwide.He joined the building society halfway through a GBP1bn IT transformation which he then took charge of.He talks to Computer Weekly about the progress being made,the benefits already being seen and what ...
Tags: ageing IT systems, up to date, virtualise desktops, data warehouses
The latest milestone to be reached in Nationwide's GBP1bn five-year IT transformation sees the launch of its mobile banking service as the project moves towards the final straight. The building society launched its mobile banking service ...
Tags: Mobile Banking, building society, internet bank, virtual desktops
NatWest has admitted the outage it suffered on Thursday 26 July was down caused by a hardware failure in one of its datacentres. The error hit customers around 3pm, leaving them with no access to online banking and unable to use debit ...
Tags: NatWest, hardware, datacentres, online banking, debit cards