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
17 Dec 2024
Government promises redress and justice to Post Office Capture system users
The government has officially recognised that users of the Post Office’s Capture software experienced shortfalls caused by the system’s errors Continue Reading
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News
13 Dec 2024
Post Office scandal 2024 – part 3: Fujitsu’s 12-month fall from grace
After years of refusing to comment, Fujitsu was unable to continue hiding from its role in the Post Office Horizon IT scandal as politicians and a public inquiry demanded answers Continue Reading
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News
05 Mar 2018
How to improve SAP ROI with smart licensing
A recent study suggested most SAP projects have a 50% chance of failure. The risk of having incorrect SAP licensing could be far higher Continue Reading
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News
01 Mar 2018
Are mobile wallets about to make contactless cards look outdated?
Mobile wallets look set to take root as consumers increasingly use their mobile phones to pay for goods and services Continue Reading
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Blog Post
28 Feb 2018
Post 2008 early challenger banks are now the challenged
Virgin Money was one of the earlier challengers to traditional banks and is now creating a digital bank to keep up with the times Continue Reading
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News
28 Feb 2018
Virgin Money launches digital bank
Virgin Money is setting up a digital bank to expand into the current account and SME business account markets Continue Reading
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News
26 Feb 2018
NatWest opens four UK fintech hubs
NatWest has expanded its financial technology support programme at a time when entrepreneurs are more apprehensive than ever Continue Reading
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News
23 Feb 2018
RBS’s first profit in a decade accompanied by major first for mobile channel
News of its first profit in 10 years might overshadow a major first for the Royal Bank of Scotland’s mobile channel Continue Reading
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E-Zine
22 Feb 2018
CW Nordics: Nordics CIOs’ priorities in 2018
A select group of CIOs and analysts in Denmark, Finland, Norway and Sweden give their views on the top IT priorities in 2018. As in 2017, digital transformation will continue to be a buzzword. Also read how Sweden is tightening up its cyber security defences as part of a wider national security strategy, and how Nordic banks cannot afford to slow their digital transformations as PSD2 comes into force. Continue Reading
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News
21 Feb 2018
Lloyds Bank announces three-year digital transformation
Lloyds Bank has announced plans to transform how it serves customers through substantial digital investment Continue Reading
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News
20 Feb 2018
UK finance regulator collaborates with US counterpart on fintech
The FCA is working with a US finance regulator to support financial technology companies on both sides of the Atlantic Continue Reading
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News
19 Feb 2018
Lauri Love can stay in UK: prosecutors will not appeal extradition ruling
Crown Prosecution Service gives undertaking to Lauri Love that it will not appeal against a court decision not to extradite him to the US – but prosecutors are seeking leave to appeal over part of the court ruling on extradition procedure Continue Reading
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News
14 Feb 2018
Technology spend growing at expense of trader salaries
Investment firms are spending a larger proportion of their budgets on software as data and artificial intelligence technology is seen to provide a competitive advantage Continue Reading
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News
14 Feb 2018
Australia’s national payment system will ease peer-to-peer payments
New Payments Platform is expected to accelerate the decline of cash and cheques in Australia, as well as simplify invoicing for businesses through overlay services Continue Reading
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News
13 Feb 2018
London joins Citibank IT innovation network
Citibank has made London home to its latest IT innovation hub, which will focus on applying data science and high performance computing to the business Continue Reading
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Blog Post
13 Feb 2018
How worried about Brexit are fintech companies?
Fintech companies could be the hardest hit tech firms in the UK if there is no good deal with the EU after Brexit Continue Reading
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News
12 Feb 2018
APAC fintech market set to bloom
Government support, the rise of digital payments and a new breed of financial services will put the region’s financial technology market in overdrive over the next few years Continue Reading
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News
07 Feb 2018
Stay of execution for RBS branches and free devices for some customers
RBS is offering free training and devices to some customers in Scotland to help them eventually live without bank branches Continue Reading
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News
06 Feb 2018
Lloyds Bank cuts CIO workforce
Lloyds Banking Group is changing the skills make-up of its IT team to support demand for digital services Continue Reading
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Blog Post
05 Feb 2018
Buying cryptocurrency on credit is so risky Lloyds Banking Group won’t let customers do it
If you are a Lloyds Banking Group credit card holder that fancies a flutter on cryptocurrencies ,think again it's banned. Continue Reading
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News
31 Jan 2018
Swedish banks embrace rapidly evolving chatbots
Artificial intelligence is playing an increasingly important business role for Sweden’s banks – and chatbots are the starting point for many Continue Reading
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News
30 Jan 2018
SAP 2017 results: Cloud revenue nears €3.8bn, 7,900 S/4 Hana customers
SAP has declared full year 2017 revenue of €23.5bn, of which nearly €2.8bn was cloud, alongside acquisition of Callidus, a cloud-based “lead to money” service Continue Reading
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Blog Post
29 Jan 2018
Bank systems glitch leaves thousands unable to access funds, but bank doesn’t explain what happened
Monzo bank has broke the mould be giving customers a detailed explanation of what cause a glitch in their banking service Continue Reading
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Feature
25 Jan 2018
Scrutinize details when buying accounting software systems
Two resellers and a CPA offer tips on getting into the right mindset and conducting a rigorous process that pinpoints the account package that meets your current and future needs. Continue Reading
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News
25 Jan 2018
Robots are needed to manage the automation robots
The next decade will see robots transform from invisible forces obeying our commands to lifelike objects interacting with humans on a daily basis Continue Reading
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News
25 Jan 2018
Forensic investigation into Post Office IT system at centre of legal case nears completion
The investigation into the fairness of court cases brought against sub-postmasters is close to finishing its forensic examination of the IT system at the heart of the controversy Continue Reading
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News
23 Jan 2018
Mastercard sets biometric ID deadline for banks
Mastercard has committed to guaranteeing that every one of its customers will have access to biometric authentication services by April 2019 Continue Reading
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22 Jan 2018
Retail banking regulations hit UK with the potential of a ‘Big Bang’ moment
The UK retail banking sector is at the beginning of a journey towards to a more competitive future as new regulation hits them. Continue Reading
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News
22 Jan 2018
IT of world’s banks is moving on from crippling regulation
Banks need to invest more in fintech and IT skills as they emerge from years of stagnation Continue Reading
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News
18 Jan 2018
Nordic IT executive interview: Daniel Kjellén, CEO, Tink
Sweden could have a head start in the race to open up banking through the European Union’s PSD2 regulation Continue Reading
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News
18 Jan 2018
Demand for cloud services drives increase in IT outsourcing
Cloud services spending in Europe, the Middle East and Africa offset a drop in traditional IT outsourcing in 2017 Continue Reading
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News
16 Jan 2018
Financial savings just the beginning for CIOs who understand code quality
Businesses need to understand the quality of the code in their applications if they are to avoid unnecessary costs and glitches Continue Reading
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News
16 Jan 2018
Abu Dhabi continues fintech agenda in 2018
Abu Dhabi is open to developing its fintech ecosystem, with the next 12 months expected to see more focus on the sector Continue Reading
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News
11 Jan 2018
Retail banking regulations hit UK with the potential of a ‘Big Bang’ moment
The UK retail banking sector is at the beginning of a journey towards to a more competitive future as new regulation hits them Continue Reading
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Feature
10 Jan 2018
Inside DBS Bank’s digital journey
The Singapore-based bank laid the foundation for its digital strategy a decade ago, starting with an overhaul of its IT systems before going big on cloud computing in later years Continue Reading
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News
10 Jan 2018
Marks and Spencer eyes £30m annual cost savings from digital-first retail push
High-street retailer has fleshed out plans to put digital at the heart of its business to boost operational efficiency in response to changing consumer demands Continue Reading
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News
09 Jan 2018
Google puts its payment services under one roof
Internet giant is bringing all its payment services under the Google Pay brand, making them “simpler, safer and more consistent” Continue Reading
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Feature
05 Jan 2018
Cloud-based accounting software can be hub of tailored 'ERP'
Users explain why they chose their cloud core financial system and the thought process that goes into adding applications for key functions, like procurement, HR and case management. Continue Reading
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Opinion
05 Jan 2018
Blockchain’s promise goes beyond fintech
By reducing the cost of peer-to-peer data and resource transfer, blockchain can remove the need for third parties and middlemen across industries Continue Reading
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News
04 Jan 2018
Nordic banks face digitisation decisions over PSD2
With the latest version of the EU payment services directive coming into force, traditional Nordic banks can’t afford to slow their digital transformations Continue Reading
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News
19 Dec 2017
Top 10 enterprise IT in the Nordics stories in 2017
The Nordic region might be best known in IT circles for its startup communities – but it has much more to offer Continue Reading
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E-Zine
14 Dec 2017
CW Europe: Eurosport pumps up digital technology for cycling fans
Read how Eurosport is using a novel combination of technology and information to develop immersive viewing experiences for sports fans across a range of platforms. Also find out how Russian state bank Vneshekonombank expects to become a vehicle for a blockchain revolution in the country’s public sector, and what the European Parliament's approval of a new electronic system to store biometric information might mean for UK citizens after Brexit. Continue Reading
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News
08 Dec 2017
Santander UK recruits digital banking expert from Barclays
Santander UK has poached Michael Harte from Barclays to drive digital transformation Continue Reading
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News
06 Dec 2017
CIO interview: Carlos Abarca, TSB
Carlos Abarca is guiding TSB through its migration from systems hosted by a competitor to a digitally focused in-house core banking platform. Continue Reading
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News
06 Dec 2017
Mayor of London opens Bangalore office to strengthen links with Indian businesses
City of London’s office in India’s tech hub aims to promote Indian investment and IT jobs in UK capital Continue Reading
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Feature
05 Dec 2017
The death of the mainframe is greatly exaggerated, says CA
With mainframe software tools forming a key part of its overall growth strategy, CA Technologies remains proud of its mainframe heritage Continue Reading
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News
28 Nov 2017
Dutch digital coin miners offered datacentre space to reduce costs
The Netherlands’ Datacenter Group is providing digital coin miners with space in a professional datacentre Continue Reading
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News
28 Nov 2017
Fintech is increasing operational risk to banks
European Banking Association report reveals fear of greater operational risk because of increased take-up of fintech in financial services sector Continue Reading
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E-Zine
23 Nov 2017
CW Nordics: IT companies focus on job satisfaction
The Nordics IT industry’s increasing focus on job satisfaction is paying off. Computer Weekly’s global salary survey shows Nordic IT professionals are happy with their pay and training opportunities and few are actively seeking a new job. Also in this issue, read how there is still gender inequality in the IT sector despite Nordic countries being hailed as pioneers of digital and equal worker rights. And Anna Eriksson, CIO of the Swedish National Land Survey, talks about the organisation’s approach to digital transformation. Continue Reading
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News
22 Nov 2017
CIO interview: David Southern, director of ICT, WWF UK
In his 17 years in the IT department at the WWF, David Southern has seen many changes – and the advent of cloud computing is one of the biggest Continue Reading
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News
21 Nov 2017
IR35 reforms: Economic concerns raised over prospect of private sector roll-out
With the government’s stance on rolling out the IR35 reforms to the private sector appearing to soften, IPSE and others air concerns over the threat this move could pose to the post-Brexit economy Continue Reading
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News
16 Nov 2017
Post Office court case judge issues warning to legal teams
The high court judge managing the sub-postmasters versus Post Office legal case over an allegedly faulty computer system tells legal teams to cooperate Continue Reading
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News
09 Nov 2017
TSB customers can use their faces to authenticate payments
Bank’s latest addition to its mobile apps is a facial recognition option for Apple iPhone X users Continue Reading
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E-Zine
09 Nov 2017
CW Benelux: Young wayward hackers could help fill Dutch IT skills gap
In this issue, read how an initiative in Rotterdam is helping young people get into the IT sector by targeting those overlooked by traditional methods. Also find out how Amsterdam’s Schiphol airport is utilising open source software to create and use a multi-cloud platform with an open API, and how the Netherlands’ Rabobank has moved from tape libraries and robotic arms to a platform-based storage and retrieval system. Continue Reading
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News
06 Nov 2017
Bank of Scotland testing out artificial intelligence on customer iPhone app
Bank of Scotland pilots artificial intelligence within its iPhone banking app. Continue Reading
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Blog Post
03 Nov 2017
DBS Bank shows off API platform in fintech gold rush
DBS Bank, Southeast Asia’s largest bank by market cap, has claimed the honour of having the world’s biggest banking API (application programming interface) platform with over 155 APIs that ... Continue Reading
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News
31 Oct 2017
Image recognition system clears cheques in one day
All cheques paid in the UK will be cleared on the next working day once an image-based clearing system is fully rolled out Continue Reading
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News
30 Oct 2017
Court dates set for Post Office accounting system trials
An end is in sight for sub-postmasters’ campaign against alleged wrongful prosecution, which they blame on a faulty computer system Continue Reading
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News
27 Oct 2017
Nordea lays off 6,000, citing digital transformation as the driver
Nordea is cutting staff as a result of its ongoing digital transformation, which means it needs less people Continue Reading
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News
27 Oct 2017
Carglass France feels benefit of employee knowledge sharing
Automobile glass repair company Carglass France is using knowledge-sharing technology to distribute expertise among 3,000 employees Continue Reading
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News
27 Oct 2017
Airbus saves millions after building a digital learning library
Airbus has created a digital learning library that is helping more than 100,000 staff in 35 countries keep their skills updated Continue Reading
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News
24 Oct 2017
Nordic finance watchdogs losing patience over anti-money laundering systems at banks
The financial services watchdogs have informed banks that they have to do more to improve anti-money laundering systems Continue Reading
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News
19 Oct 2017
Post Office computer system legal case reaches important procedural juncture
Sub-postmasters group action against the Post Office reaches an important milestone Continue Reading
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News
02 Oct 2017
OpenWorld 2017: Ellison declares autonomous database 'revolutionary'
Oracle’s Larry Ellison claims revolutionary cast for autonomous 18c database at the supplier’s 2017 OpenWorld conference in San Francisco Continue Reading
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News
27 Sep 2017
RHB Bank rolls out chatbot for loan applications
The Malaysian lender hopes to improve the loan application experience and grow its personal loan business by 60% through a new chatbot Continue Reading
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News
20 Sep 2017
Oracle announces simplified pricing model for cloud computing
Ahead of Oracle’s OpenWorld 2017 event, Larry Ellison announces simplification of cloud pricing, attached to increased automation in database and middleware Continue Reading
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E-Zine
19 Sep 2017
Can DevOps deliver on its productivity promises?
DevOps and agile working are often cited as key elements of successful digital transformation – in this week’s Computer Weekly, we examine the challenges to delivering on that promise. Many retailers are investing in emerging technologies to gain an edge – but are they getting too far ahead of the curve? And we hear how a new spirit of collaboration could help UK broadband roll-out. Read the issue now. Continue Reading
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Feature
18 Sep 2017
AI for finance adoption affected by legal, ethical issues
Some experts say that for the foreseeable future, machine learning algorithms and other AI technologies will require human oversight for finance services and data privacy. Continue Reading
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News
15 Sep 2017
Banks across Europe cut thousands of staff and branches as IT replaces them
Banks across Europe cut jobs and close thousands of branches as IT shakes the industry Continue Reading
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News
15 Sep 2017
Oracle 2017-18 Q1 results: Cloud revenue jumps by 51%
Oracle’s first quarter 2017-18 results show jump in cloud revenue of 51%, boosted by NetSuite acquisition. Executives continue to be bullish on cloud growth, and the AI makeover of core database is flagged Continue Reading
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News
31 Aug 2017
App-based challenger bank Starling enters next stage of its journey
Thousands of people are downloading Starling’s app every week as the bank builds its customer base Continue Reading
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News
30 Aug 2017
Challenger bank Fidor reaches 200,000 customers
Fintech trailblazer Fidor now has more than 200,000 people using its banking services, but its CEO believes the fintech environment is getting tougher Continue Reading
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News
29 Aug 2017
Danske Bank taps into the cognitive capabilities of IBM Watson
Danish bank is using IBM Watson as part of a major IT outsourcing deal Continue Reading
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E-Zine
24 Aug 2017
CW Nordics: Banks and startups increase collaboration
First they were deemed a threat, now they are potential partners. According to a new report by Nordic accelerator Fintech Mundi, banks are increasingly turning to financial technology (fintech) startups in their hunt for new ideas and market opportunities. Also in this issue, read now Baker Brun, a bakery company in Norway, is modernising its business processes through the latest technologies, and hear how Stockholm’s CIO is relishing the challenge of trying to make the Swedish capital the smartest city in the world. Continue Reading
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E-Zine
22 Aug 2017
How banking technology has changed since the crash
In this week’s Computer Weekly, 10 years after the financial crash, we examine how banking technology has changed as a result of the economic crisis. We look at how GDPR, the EU’s new data protection laws, will affect your data storage strategies. And we ask if the cryptocurrency boom will remain a niche pursuit or whether the underlying technologies can bring benefits for enterprise IT. Read the issue now. Continue Reading
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News
22 Aug 2017
Blockchain skills in high demand and jobs being swept up quickly
Job vacancies for people with blockchain skills are being filled in just seven days, on average, once they are advertised online Continue Reading
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News
21 Aug 2017
HSBC streamlines mortgages with Capita software
Bank is using software to improve its mortgage application processes and subsequently increase business through brokers Continue Reading
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News
17 Aug 2017
Barclays ring-fencing project means downtime for customers
Many Barclays services will be unavailable this weekend as part of the bank's project to separate retail and investment operations Continue Reading
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News
16 Aug 2017
A decade of IT change since banking meltdown
With 10 years passing since Northern Rock had to be bailed out by the government, we look at how banking IT has changed since the financial crisis Continue Reading
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News
11 Aug 2017
BBVA tops Forrester mobile bank app chart
Spanish bank BBVA has the best mobile banking app in the world, according to Forrester Research Continue Reading
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News
11 Aug 2017
HSBC uses IBM to automate the processing of 100 million document pages
In another instance of banks adopting automation to lower costs and drive productivity, HSBC uses IBM analytics technology to cut down on its paper trail Continue Reading
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News
07 Aug 2017
TSG 1899 Hoffenheim gets 'faster in the head' with SAP analytics
TSG 1899 Hoffenheim has been using SAP’s Hana database and applications to speed up players mentally, as well as using SAP Hybris to sell shirts Continue Reading
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News
02 Aug 2017
Fruit firm W B Chambers uses IFS suite to grow business
W B Chambers, a Kentish fruit farm, has chosen IFS to support its business growth and to guard against the labour pool uncertainties of Brexit Continue Reading
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E-Zine
01 Aug 2017
The fields of Athenry – how Apple’s datacentre plans are causing turmoil in a small Irish town
In this week’s Computer Weekly, we look into Apple’s controversial plans to build a huge datacentre in a small town in the west of Ireland, and hear the local arguments it has caused. We find out how the Met Office is managing the vast quantities of data it uses for weather forecasting. And we examine Google plans to bring artificial intelligence tools to the job recruitment market. Read the issue now. Continue Reading
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Feature
27 Jul 2017
Is cloud ERP software ready for prime time?
While cloud-based enterprise resource planning applications are more widely adopted in the Asia-Pacific region, some companies are still hanging on to on-premise systems that remain core to their business Continue Reading
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News
20 Jul 2017
TSB to introduce iris scan authentication in September 2017
TSB customers will soon be able to access their mobile bank accounts through iris scanning, which is regarded as the most secure biometric authentication available Continue Reading
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News
19 Jul 2017
London Stock Exchange uses IBM blockchain technology
The London Stock Exchange is testing out IBM's blockchain technology in a platform to help SME operations become more transparent Continue Reading
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News
17 Jul 2017
Post Office defence in computer system legal case due this week
The Post Office will this week present its defence against allegations brought by subpostmasters in a group legal action Continue Reading
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News
13 Jul 2017
HPE and CSC merger wins confidence of Zurich
Zurich Insurance has demonstrated confidence in CSC's merger with HPE through a contract extension Continue Reading
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News
13 Jul 2017
Visa encourages US businesses to go cashless with £500,000 in hard cash
Card giant offers small US businesses financial support to upgrade their payments technology if they agree to abandon cash Continue Reading
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E-Zine
13 Jul 2017
CW Middle East: How women can fill the tech skills gap
The growth of the IT sector continues to drive both innovation and employment in the Gulf, but women – as with all industries in the region – are under-represented in technology by significant margins, and could help to fill the tech skills gap. Also in this issue, read about growing threats in Saudi Arabia’s cyber sector, and how Dubai is becoming a world leader in smart city developments. Continue Reading
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News
10 Jul 2017
Experian admits mobile and online issues after system upgrade
Some customers of credit referencing company are having problems accessing a service they pay for following an IT upgrade and large customer migration to a new system Continue Reading
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News
29 Jun 2017
App-based banking continues its ascent in the UK
The number of people banking from their mobile phones is increasing as more services are made available through the channel Continue Reading
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Feature
23 Jun 2017
Côte banishes planning ‘pain and anguish’ from menu with Anaplan
Restaurant chain has replaced spreadsheets with Anaplan financial planning software as it seeks more strategic control over growth Continue Reading
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News
21 Jun 2017
The human apprentices behind robotic automation
IT apprentices are helping large businesses transform their back-office processes through software robots Continue Reading
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News
16 Jun 2017
Greggs bakes in business change programme with SAP
UK baker and food-to-go retailer says it has significantly advanced its business change programme with a full panoply of SAP software Continue Reading
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News
14 Jun 2017
Microchips implanted in hands could be in use for payments in 20 years
UK consumers are becoming more accepting that biometric authentication will become the norm for payments Continue Reading
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News
14 Jun 2017
HR technology essential to cutting-edge customer service, say big businesses
If you can’t get your internal HR systems right, the business will suffer – Jaguar Land Rover, Lufthansa and Russia’s Sberbank explain why Continue Reading
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News
09 Jun 2017
Patent group prepares for tough data protection laws by moving HR to the cloud
CPA Global to replace ERP-based HR system as it gears up to comply with the General Data Protection Regulation Continue Reading
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News
07 Jun 2017
Challenger bank technology arm hires former ABN Amro IT executive as CIO
Bank and banking technology supplier Fidor hires an experienced banking CIO to support its international expansion Continue Reading
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News
31 May 2017
Hundreds of sub-postmasters have applied to join IT-related legal action since March
The number of sub-postmasters who claim to have suffered as a result of a faulty Post Office IT system has reached 1,300 Continue Reading
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News
30 May 2017
Taiwan’s OwlTing taps blockchain to improve food safety
The e-commerce company is using blockchain technology to provide consumers with greater transparency on food sources and production processes Continue Reading