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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Feature
21 Nov 2024
Post Office Horizon scandal explained: Everything you need to know
Computer Weekly has investigated the Post Office Horizon scandal since 2008 and is, in fact, part of the story. This guide contains essential information about the scandal Continue Reading
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News
19 Nov 2024
Subpostmasters hit by Post Office scandal plan to meet over 'nuclear option'
Members of campaign group Justice for Subpostmasters Alliance will discuss taking legal action in their pursuit of full, fair and final financial redress Continue Reading
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News
11 Jul 2023
Peer calls for every Post Office prosecution to be reviewed
Post Office prosecutions should be reviewed in light of damning evidence laid bare by statutory public inquiry into Horizon scandal, says peer James Arbuthnot Continue Reading
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News
10 Jul 2023
Post Office inquiry must examine rule on IT evidence if miscarriages of justice are to be avoided
Public inquiry must examine role of court rules around use of computer evidence that enabled Post Office to prosecute innocent people Continue Reading
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News
06 Jul 2023
Former Fujitsu IT chief evidence postponed after late Post Office disclosure
Post Office has disrupted Horizon inquiry schedule through late disclosure of ‘significant’ evidence as key IT witness evidence is postponed Continue Reading
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News
03 Jul 2023
Deutsche Bank completes migration of millions of Postbank customers
Deutsche Bank has completed the migration of 12 million Postbank customers to its banking platform Continue Reading
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Opinion
26 Jun 2023
Post Office scandal inquiry phase four: Here come the lawyers…
The Post Office scandal was triggered by computer errors, but the cover-up and miscarriages of justice implicate the Post Office, government and lawyers, as professor of law and ethics Richard Moorhead explains Continue Reading
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News
21 Jun 2023
Software spending grows fastest as finance firms spend $652bn on tech in 2023
Banks and investment firms are increasing their spending on IT despite gloomy economic outlook, but priorities have changed Continue Reading
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News
20 Jun 2023
ServiceNow’s Bill McDermott: a ‘work in progress’
Bill McDermott, president and CEO of ServiceNow, speaks to Computer Weekly about his vision for the company and the technology industry, which he believes to be in the throes of exponential change Continue Reading
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News
20 Jun 2023
Post Office will not oppose potential Horizon conviction appellants
Post Office CEO told MPs that the organisation is telling some subpostmasters it won't oppose them if they appeal Continue Reading
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News
14 Jun 2023
Banks still investing heavily in legacy payments systems
Banks are missing out on additional revenues through payment services because they are stuck with inflexible legacy payments systems. Continue Reading
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News
28 May 2023
Australia’s Disability Trust picks Boomi integration platform
The non-profit organisation is using Boomi’s integration platform to integrate a mix of legacy and new systems to deliver real-time data updates and improve payroll processing, among other goals Continue Reading
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News
25 May 2023
Fintech pioneer Anne Boden steps aside from challenger bank CEO role
Fintech pioneer to step aside for a new CEO after 10 years building a UK banking unicorn Continue Reading
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News
24 May 2023
JPMorgan’s UK digital retail bank adds more than a million customers in a year
The app-based bank launched in the UK by US giant JPMorgan has added one million customers in the past 12 months Continue Reading
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Definition
22 May 2023
core banking system
A core banking system is the software that banks use to manage their most critical processes, such as customer accounts, transactions and risk management. Continue Reading
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E-Zine
16 May 2023
Microsoft and Google go into battle for enterprise AI
In this week’s Computer Weekly, as developments in generative AI accelerate, Microsoft and Google have each unveiled their plans around enterprise applications. Nobody doubts the importance of digital transformation – but experts say it won’t work without cultural change as well. And we examine the emerging practice of FinOps as part of cloud automation projects. Read the issue now. Continue Reading
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News
12 May 2023
IT Priorities 2023: Business automation intensifies as data governance returns
Business automation and a renewed focus on data governance to get more value from data have attracted more interest for UK enterprise software investment, says the TechTarget IT Priorities 2023 survey Continue Reading
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News
12 May 2023
Post Office lawyer bragged how team ‘destroyed attack on the Horizon system’ and put woman in prison
A senior Post Office lawyer appeared gleeful in email about how his team helped prosecute a subpostmaster who was sent to prison Continue Reading
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News
11 May 2023
Google Cloud and SAP in enterprise open data push
Long-time technology collaborators Google Cloud and SAP are embarking on a push to make it easier for enterprises to derive value from their data and put it to use in artificial intelligence and machine learning settings Continue Reading
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News
11 May 2023
Fujitsu staff had ‘unrestricted and unauditable’ remote access to Post Office branch systems
Fujitsu engineers could make changes to Post Office branch accounts without anyone knowing Continue Reading
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Feature
01 May 2023
The role of AI as an everyday life assistant
We speak to the co-author of a book that explores the idea of artificial intelligence-powered automation that enables machines to become customers Continue Reading
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News
28 Apr 2023
More Post Office software-related convictions overturned takes total to 86
A total of 86 former subpostmasters wrongly prosecuted for financial crimes after computer errors showed phantom losses have had convictions overturned Continue Reading
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News
27 Apr 2023
Zopa’s emotional journey to becoming a bank
Zopa Bank’s CEO sees no reason why the app-based bank should not be as big as the high street giants Continue Reading
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News
25 Apr 2023
Lloyds Bank joins industry IT standards group
UK banking giant Lloyds Banking Group has joined an industry group which promotes global IT standards Continue Reading
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Feature
24 Apr 2023
How artificial intelligence and automation can streamline procurement
We speak to chief procurement officers about the role of artificial intelligence in helping their organisations reduce costs and tackle the economic slowdown Continue Reading
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News
20 Apr 2023
Banks don’t want to develop fintech in-house
Banks are increasingly partnering with fintechs to gain access to their platforms, with few interested in developing such capabilities in-house Continue Reading
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News
14 Apr 2023
Former TSB CIO fined for migration meltdown
Both TSB and its CIO have now been fined for the catastrophic migration of TSB’s core banking system Continue Reading
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News
06 Apr 2023
CCRC says ‘door open’ for more reviews of subpostmaster convictions
The Criminal Cases Review Commission (CCRC) has told former Post Office workers the door is still open for them to come forward if they were prosecuted for financial crimes based on evidence from Horizon software Continue Reading
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News
05 Apr 2023
The Folio Society turns over new leaf with NetSuite
Well known for its illustrated, hardback editions of books, The Folio Society has brought its finance systems up to date, in part to aid international growth, with Oracle NetSuite Continue Reading
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News
03 Apr 2023
Lloyds and NatWest banks join Barclays in latest round of branch closures
Lloyds and NatWest banks announce more branch closures as UK high streets continue to be stripped of banking services Continue Reading
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News
27 Mar 2023
JP Morgan pilots palm and face-recognition technology in US
JP Morgan is testing out its biometric payment technology in selected retailer stores and at the upcoming Formula 1 Grand Prix in Miami Continue Reading
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Podcast
24 Mar 2023
Everywoman in Tech, datacentre heat reuse – Computer Weekly Downtime Upload podcast
The team talks about disclosure regarding diversity and inclusion programmes, datacentre heat reuse in swimming pools, and NetSuite supporting business transformation at Guinness World Records Continue Reading
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E-Zine
21 Mar 2023
The risks of an imbalance in AI
In this week’s Computer Weekly, a leading AI expert explains the risks of an arms race in artificial intelligence caused by the domination of private sector providers. Our latest buyer’s guide examines ways to reduce IT’s energy use. And we analyse the latest damning revelations from the Post Office scandal inquiry. Read the issue now. Continue Reading
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News
15 Mar 2023
How industry cloud platforms are shaping the future of business applications
More than half of enterprises are expected to use industry cloud platforms that combine cloud-based infrastructure, platform and application services to accelerate their business by 2027 Continue Reading
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14 Mar 2023
Guinness World Records goes digital
Over the past 20 years, Guinness World Records has transformed from book publishing to digital content creation, most recently marshalling NetSuite. Continue Reading
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News
13 Mar 2023
Subpostmaster demands names of Post Office executives who crushed him to suffocate truth
One Post Office scandal victim was deliberately destroyed by the Post Office to deter other subpostmasters from challenging the integrity of its core computer system Continue Reading
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Podcast
08 Mar 2023
Procurement AI: A Computer Weekly Downtime Upload podcast
We speak to BT’s procurement chief about the role of artificial intelligence and how conversational AI will improve workflows Continue Reading
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News
08 Mar 2023
Executive interview: BT chief procurement officer, Cyril Pourrat
BT Sourced is part of BT Group and aims to tackle the telecommunications giant’s multibillion-pound spending. We speak to its procurement chief Continue Reading
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News
07 Mar 2023
IT worker evidence reveals a toxic Post Office IT helpdesk that discriminated against subpostmasters
IT worker tells public inquiry that the Post Office Horizon helpdesk was toxic, rudderless and racist Continue Reading
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Feature
07 Mar 2023
Culture eats technology in digital transformation
Digital transformation without culture change is an empty phrase, but get the balance right and you can reap rewards Continue Reading
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E-Zine
07 Mar 2023
Can the UK keep its fintech crown?
In this week’s Computer Weekly, two years after the Kalifa report laid out a roadmap for continued fintech sector growth, UK entrepreneurs and startups are worried about the lack of progress. We look at the top tech trends in retail and find out which companies are leading the way. And we examine six ways to slash IT emissions. Read the issue now. Continue Reading
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News
06 Mar 2023
Fintech industry calls for regulatory change to help struggling consumers
Fintech trade body calls for regulatory changes to allow fintechs to broaden services for people struggling in the cost-of-living crisis Continue Reading
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News
06 Mar 2023
Guinness World Records goes digital
Guinness World Records has been around since 1955. Over the past 20 years, it has transformed from book publishing to consultancy and digital content creation, most recently marshalling NetSuite Continue Reading
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News
06 Mar 2023
How to get mainframe modernisation right
Around a third of mainframe modernisation efforts fail, but that doesn’t need to be the case if organisations can harness the best of mainframe and distributed architectures, according to Rocket Software Continue Reading
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News
03 Mar 2023
Shawbrook Bank uses Pegasystems for low-code business process rewrite
SME lending and savings bank Shawbrook Bank is using a low-code platform from Pegasystems to rewrite outdated business processes Continue Reading
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News
28 Feb 2023
Post Office’s most senior executives hushed up Horizon errors, public inquiry told
The Post Office messaging strategy was designed to reassure staff that the Horizon accounting system was robust after Computer Weekly first revealed problems in 2009 Continue Reading
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News
21 Feb 2023
NetSuite and Oracle executives optimistic about economy
Oracle NetSuite’s recent SuiteConnect event in London found executives in optimistic mood about the economy and positive about synergies between the two businesses Continue Reading
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News
21 Feb 2023
Average consumer spent more than £3,300 using contactless payments in 2022
The amount of money spent using contactless payment technology continues to rise as consumers take advantage of higher allowable spending limits Continue Reading
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Feature
15 Feb 2023
Challenges and benefits of cloud for the finance department
Moving the finance function to the cloud can help companies. Learn about some of the benefits that can result from doing so, as well as potential challenges. Continue Reading
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Definition
10 Feb 2023
Opex (operational expenditure)
Opex (operational expenditure) is the money a company or organization spends on an ongoing, day-to-day basis to run its business. Continue Reading
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News
08 Feb 2023
CDO interview: Very’s Steve Pimblett on finding UB40
The chief data officer of online retailer Very, Steve Pimblett, explains the place of data cataloguing in its data strategy, both for governance and innovation Continue Reading
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News
07 Feb 2023
‘Profound’ digital pound decision faces policymakers
The UK Treasury has launched a consultation paper to help lay the foundations for a ‘profound decision’ over a digital currency Continue Reading
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News
07 Feb 2023
TSB pilots pods as branch replacements
TSB joins Barclays in adopting banking pods to ensure customers have access to physical banking services as the number of high street branches declines Continue Reading
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News
01 Feb 2023
PayPal slashes 2,000 jobs in face of tough economic outlook
Fintech giant making thousands of redundancies as global economic outlook remains poor Continue Reading
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News
31 Jan 2023
Crédit Agricole tests quantum in finance
The corporate and investment bank has run experiments with Pasqal and Multiverse to demo quantum computing in finance Continue Reading
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News
27 Jan 2023
SAP 2022: 11% revenue growth, 2.5% staff targeted by restructure
SAP has announced full-year 2022 revenue of nearly €31bn, up 11% year on year. In 2023, it will explore a sell-off of Qualtrics stake and do a restructure, with an impact on 2.5% of staff Continue Reading
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News
26 Jan 2023
Final months of 2022 saw highest ever number of bank account switches
More people than ever before switched their current account provider using the government’s switching service Continue Reading
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News
24 Jan 2023
SMEs keen on embedded finance, but more choice needed to increase take-up
Suppliers to small and medium-sized enterprises need to offer more choice when embedding financial products in their services if take-up is to increase Continue Reading
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News
18 Jan 2023
Advisory board goal for Post Office scandal victims to be returned to rightful financial position
The board set up to monitor the compensation scheme for Post Office scandal victims agrees goal of returning them to the financial position they would be in had the scandal never happened Continue Reading
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News
17 Jan 2023
UK fintech payments unicorn cuts back as Covid-19 boost wears off
Payments infrastructure firm Paddle downsizes as Covid-19-generated business boost runs out of steam Continue Reading
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News
15 Jan 2023
Thai enterprises spend more on software amid growing digitalisation
The majority of software spending in Thailand during the first half of 2022 went into applications followed by infrastructure software and development tools, according to IDC Continue Reading
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News
12 Jan 2023
How Indian banks can drive automation in corporate banking
Banks should prioritise their processes for automation based on the level of human intervention, understand their processes thoroughly and put employees at the centre of their automation efforts Continue Reading
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News
11 Jan 2023
SMEs eye moving business to challenger bank
Known for their consumer banking success, challenger banks are now winning over hearts and minds in the small business sector Continue Reading
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News
10 Jan 2023
Latest Innovate Finance report reveals decrease in UK fintech investment, but like-for-like increase
Innovate Finance’s latest figures on fintech investment show reduction in UK, but report methodology leaves this open to change Continue Reading
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News
10 Jan 2023
Belfast Harbour sails out with Oracle cloud applications
Belfast Harbour spies a more efficient and flexible future on the horizon as it sets sail with Oracle Fusion Cloud ERP Continue Reading
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News
10 Jan 2023
Former subpostmaster Alan Bates, who ‘pulled up trees and moved mountains’, turns down OBE offer
Alan Bates, who fought for decades to expose the Post Office Horizon IT scandal, says it would be inappropriate to accept an OBE when former Post Office CEO Paula Vennells still holds her CBE Continue Reading
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News
04 Jan 2023
Traditional banking under threat from platform-based alternatives
Banking as a service embedded in non-banking business offerings will take large chunks from traditional banks Continue Reading
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News
30 Dec 2022
Top 10 business applications stories of 2022
As the Covid crisis gave way to the energy crisis and economic turmoil, enterprise software suppliers have urged customers to step up modernisation and evince more empathy for employees Continue Reading
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News
20 Dec 2022
TSB hit with huge fine after IT migration disaster
TSB has been fined nearly £50m due to failings during its IT migration catastrophe Continue Reading
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E-Zine
20 Dec 2022
The Post Office IT scandal – cock-up or cover-up?
In this week’s Computer Weekly, the second phase of the Post Office IT scandal inquiry revealed further shocking details at every turn – we review the latest evidence. We examine progress of the roll-out of fast broadband connectivity across the UK. And as the Online Safety Bill returns to Parliament, we look at the ongoing arguments about how to keep the internet safe. Read the issue now. Continue Reading
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News
14 Dec 2022
Criminal Cases Review Commission calls on more convicted subpostmasters to come forward
The Criminal Cases Review Commission wants more former subpostmasters to come forward if they think they were prosecuted by the Post Office based on data from the error-prone Horizon computer system Continue Reading
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News
07 Dec 2022
Post Office scandal – “cock-up or cook-up”?
The second phase of the Post Office Horizon IT scandal raised more questions over who did what, when and where, with shocking revelations at every turn Continue Reading
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News
07 Dec 2022
Vingroup to run SAP systems on Google Cloud
The Vietnam conglomerate and EV maker is planning to migrate all its SAP systems to Google Cloud in a move that is expected to reap cost savings and improve product quality Continue Reading
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News
02 Dec 2022
Post Office boosted its ‘coffers’ as Horizon system threw up unexplained shortfalls, inquiry told
The Post Office was ‘keen’ to make subpostmasters cover unexplained accounting shortfall as its business struggled, public inquiry hears Continue Reading
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News
25 Nov 2022
Fujitsu put pressure on UK government to sign off troubled Horizon project, public inquiry hears
Telegram from British Embassy in Tokyo to UK government reveals pressure on ministers to sign off controversial contract Continue Reading
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News
23 Nov 2022
Oracle’s Steve Miranda on the value of turning inside out
In a Q&A with Computer Weekly at Oracle Open World, applications head Steve Miranda discussed the supplier’s opening out and its intensification of an industry cloud approach, signally with healthcare Continue Reading
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News
18 Nov 2022
Post Office scandal inquiry’s expert IT witness ‘troubled’ by his findings
Controversial Post Office Horizon system lacked the integrity required to trust accounting data and contained ‘joke’ coding akin to an ‘overly engineered mousetrap’, inquiry told Continue Reading
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News
15 Nov 2022
Post Office changed view of Horizon problems before roll-out, because of a ‘sunk cost fallacy’
Insider tells public inquiry that the Post Office continued to roll out the controversial Horizon system despite a ‘considerable’ number of errors, because it was too committed Continue Reading
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Feature
08 Nov 2022
NetSuite hits high note with School of Rock
Over the past five years, School of Rock has grown rapidly, which has also meant much more complexity to deal with. We see how the school has deployed leading business automation technology to stay in tune Continue Reading
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Feature
07 Nov 2022
Why automating finance is just an integration game
We look at how the software that powers finance departments can help businesses navigate the worsening economic climate Continue Reading
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News
03 Nov 2022
Russia risks shortage of PCs and software
Russian consumers and businesses could face a shortage of IT equipment including PCs and software Continue Reading
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News
02 Nov 2022
Game of ‘hardball’ in Horizon negotiations left subpostmasters exposed to tragedy
‘Hardball’ negotiations between the government, the Post Office and ICL meant subpostmasters were ignored and thrown into a tragedy that could have been averted Continue Reading
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E-Zine
01 Nov 2022
How the pandemic accelerated tech adoption in hospitality
In this week’s Computer Weekly, we look at how the hospitality sector is turning to technology to rebuild after it was devastated by the pandemic. Google’s cloud business is growing but remains well behind the market leaders – what does its future look like? And we look at the benefits of AIOps for storage. Read the issue now. Continue Reading
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Feature
31 Oct 2022
The tech helping organisations manage their finances
With a worsening economic climate, software has an important role in helping finance departments control budgets and spending Continue Reading
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Tip
25 Oct 2022
How financial institutions can streamline compliance with AI
AI systems help make compliance processes more efficient and effective for financial institutions. Automation can reduce problems like human error and regulatory breaches. Continue Reading
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E-Zine
25 Oct 2022
The Most Influential Women in UK Technology 2022
In this week’s Computer Weekly, we reveal our annual list of the 50 Most Influential Women in UK Technology. We talk to the No.1 on the list, Flavilla Fongang, about how to improve diversity and inclusion in the sector. And we introduce our seven rising stars – the future female leaders of UK IT. Read the issue now. Continue Reading
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Feature
20 Oct 2022
What do the US’s new software security rules mean for UK organisations?
The White House announced recently that all software supplied to the US government and its agencies needs to be secure, so what does this mean for the UK and EU security sectors? Continue Reading
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Definition
19 Oct 2022
pegged cryptocurrency
A pegged cryptocurrency is a cryptocurrency whose value is linked to a specific bank-issued currency, financial instrument or tradable commodity. Continue Reading
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News
18 Oct 2022
Subpostmaster federation failed its members when they needed it most
A dereliction of duty saw subpostmaster federation ignore its members when IT problems hit and allowed the Post Office destroy their lives Continue Reading
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News
04 Oct 2022
Next phase of open banking already gathering pace
Open banking has had a major impact on the banking industry as finance forms harness data to provide better services, but the next phase of open finance promises even more Continue Reading
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News
03 Oct 2022
Security regulation cuts online payment fraud at 73% of retailers
New online payments security standard, Strong Customer Authentication (SCA), sees immediate fall in fraudulent payments to retailers Continue Reading
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News
29 Sep 2022
Cost-of-living crisis could spur fintech adoption
The cost-of-living crisis could have a similar impact on fintech and digital banking as the Covid-19 pandemic did, inducing further innovation in the fintech sector Continue Reading
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News
27 Sep 2022
Robo investment platform adopts open banking-based payments
Nordic consumer investment fintech simplifies customer experience through open banking software from Mastercard-owned Aiia Continue Reading
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News
23 Sep 2022
Copenhagen Fintech connects its members to the world
Copenhagen-based startup initiative is driving fintech developments across the Nordic region, with Mastercard its latest global partner Continue Reading
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News
23 Sep 2022
Post Office scandal inquiry chair intervenes in slow compensation progress
Chair of statutory public inquiry into the Post Office Horizon scandal has aired his disappointment over the slow progress in making interim payments to victims Continue Reading
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News
23 Sep 2022
Mini-Budget 2022: HMRC tells firms to update payroll software ahead of November NI tax cut
HMRC is urging employers to ensure their payroll software systems are updated now, before the reversal of the previous government’s National Insurance tax hike kicks in Continue Reading
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News
14 Sep 2022
US to see huge increase in embedded finance transactions
Retailers and other non-financial businesses are increasingly offering their customers financial services, such as credit and payment options Continue Reading
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News
13 Sep 2022
JP Morgan acquires fintech for payments modernisation
JP Morgan acquires cloud-native payments technology as it modernises its IT infrastructure Continue Reading
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E-Zine
13 Sep 2022
Source responsibly: Tech sector efforts to root out forced labour are failing
In this week’s Computer Weekly, we analyse the technology industry’s failure to extirpate forced labour and slavery from its supply chains. We find out how cyber security firm Okta is rebuilding customer trust after a major security incident. And we discover how Caterpillar is modernising its data management to offer better customer service. Read the issue now. Continue Reading
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News
12 Sep 2022
Mistakenly transferred $504m to be returned to Citigroup
Judge rules that creditors should return $504m that was accidentally transferred to them by Citigroup Continue Reading
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News
12 Sep 2022
Lloyd’s of London is digitally transforming through the front door
Centuries-old financial services organisation is transforming its complex IT infrastructure through digital data Continue Reading
