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
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
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News
22 Sep 2021
JP Morgan Chase to replace core banking system with Google-inspired cloud platform
JP Morgan Chase is the latest bank to acquire the cloud-native core banking technology of UK fintech Thought Machine Continue Reading
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News
15 Sep 2021
UN human rights chief calls for moratorium on AI technologies
High commissioner’s call for a moratorium on the use of AI systems that pose a serious risk to human rights is accompanied by a UN report on the negative human rights impacts associated with the technology Continue Reading
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News
14 Sep 2021
Government minister holds secret meeting with Post Office Horizon scandal victims
BEIS minister Paul Scully has Zoom call with three subpostmasters who were victims of the Post Office Horizon scandal Continue Reading
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News
14 Sep 2021
CCRC refers six more subpostmaster convictions for appeal
An additional six subpostmasters’ convictions have been referred for appeal in Post Office IT scandal Continue Reading
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E-Zine
14 Sep 2021
Is 3D printing about to hit the mainstream?
In this week’s Computer Weekly, we find out about the emerging consumer services using 3D printing and ask if the technology is about to go mainstream. Our latest buyer’s guide looks at the importance of sustainable datacentres. And we analyse the risks of increasing contactless card spending limits and whether tech could help. Read the issue now. Continue Reading
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News
06 Sep 2021
Saudi tourism development fund goes cloud-first with Oracle
$4bn fund will be used to invest in developing Saudi Arabia’s tourism industry as the country reduces its economic reliance on oil and gas Continue Reading
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News
31 Aug 2021
Subpostmasters demand more clarity on Horizon public inquiry before committing their support
Subpostmaster campaign group founder demands that financial redress for members be included in public inquiry before it ‘willingly’ participates Continue Reading
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Opinion
25 Aug 2021
Basel III: How fintech can provide allocated gold for banks
Banking rules that were over 10 years in the making as a response to the financial crisis have finally come into effect, marking a seismic shift for European banks and their dealings with gold – potentially completely altering the landscape of precious metal investment. Sylvia Carrasco, CEO of Goldex, explains Continue Reading
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News
19 Aug 2021
Challenger banks make reputational gains in business banking
The business banking sector is a big target for digital challengers and some are already building good reputations in the market Continue Reading
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News
17 Aug 2021
Overturned convictions of subpostmasters mount up, but 555 victims no closer to justice
The government has failed to provide fair compensation to the subpostmasters who exposed the full extent of the Horizon scandal to the world Continue Reading
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News
11 Aug 2021
Hacker makes off with $600m in world’s largest crypto-heist
Despite bagging $600m worth of cryptocurrency in what has been described as the biggest decentralised finance hack, the hacker has already started returning the funds Continue Reading
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News
11 Aug 2021
Four more subpostmasters set to have convictions overturned
A further four subpostmasters are set to have their wrongful convictions overturned in the latest development in the Post Office Horizon scandal Continue Reading
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News
11 Aug 2021
Global fintech investments reach new heights
The global financial technology industry is emerging from the pandemic-triggered slowdown with record levels of investment to fuel further growth Continue Reading
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News
05 Aug 2021
SAP customers more alert to internal than external threats
SAP customers are more concerned by insider threats than by external attacks, according to a report. And yet the average SAP customer has around 2,500 vulnerabilities within their customised SAP code Continue Reading
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Podcast
03 Aug 2021
DWP IR35 bill, women in tech – Computer Weekly Downtime Upload podcast
In this episode of the Computer Weekly Downtime Upload, Caroline Donnelly, Clare McDonald and Brian McKenna speak about the DWP’s IR35 tax bill, the Most Influential Women in UK Technology, and company culture Continue Reading
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News
27 Jul 2021
Gaming could reduce the gamble for users of online finance
Financial gaming platform designed to educate the increasing number of amateur traders Continue Reading
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News
22 Jul 2021
Government to fund interim compensation of up to £100,000 for each wrongly convicted subpostmaster
The government will pay interim compensation within weeks to subpostmasters who were wrongly convicted of crimes due to computer errors Continue Reading
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News
21 Jul 2021
Interview: Chano Fernandez, co-CEO of Workday – a European co-helming a Californian enterprise
Chano Fernandez, co-CEO of Workday, explains how the company’s storied and humane employee culture needs constant tending, and looks forward to a post-Covid acceleration Continue Reading
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News
19 Jul 2021
A dozen more subpostmaster prosecutions quashed in Horizon scandal
Twelve more former subpostmasters have had wrongful convictions for financial crimes overturned in the Court of Appeal Continue Reading
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News
15 Jul 2021
Fintech sector continues to attract investment as Revolut hits $33bn valuation
Revolut has become the most valuable financial technology firm in the UK after its latest round of investment, with plans for a ‘superapp’ Continue Reading
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News
14 Jul 2021
EC approves pan-Nordic payments platform
Pan-Nordic payments platform will move to its next phase after receiving merger approval from the European Commission Continue Reading
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News
13 Jul 2021
Oracle’s Miranda advances customer wins against SAP for cloud applications suite
Steve Miranda, executive vice-president of applications development for Oracle globally, is showcasing three US customer wins against SAP at the supplier’s quarterly Oracle Live event Continue Reading
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News
13 Jul 2021
Automation is key to digital transformation
Automation will enable IT teams to focus on driving transformative projects instead of supporting tasks that can be automated, says UiPath CEO Daniel Dines Continue Reading
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News
12 Jul 2021
Taxpayers will have to pay at least £300m to bail out Post Office after scandal
The cost of a scheme set up to compensate subpostmasters who were victims of the Horizon IT scandal will exceed £300m even before damages are paid to all those who suffered Continue Reading
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News
09 Jul 2021
Government commitment to Post Office Horizon victims was a ‘false promise’
The government has made no contact with subpostmasters two months after it said it would work with them to ensure they get speedy and fair compensation for their losses as a result of Post Office IT scandal Continue Reading
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Feature
07 Jul 2021
Oracle Fusion cloud applications pathways tend towards pragmatic
Oracle’s full suite of cloud applications can be a pragmatic step-by-step journey for customers – we look at some examples Continue Reading
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News
01 Jul 2021
Ten more former subpostmasters set to have wrongful convictions overturned
Another 10 subpostmasters are set to have their criminal convictions quashed as part of one of the biggest miscarriage of justice in British history Continue Reading
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News
01 Jul 2021
SAP claims ‘huge momentum’ for Rise in APAC
A top SAP executive claims the region is leading the way in the ‘Rise with SAP’ cloud transformation programme which has been bolstered with modular cloud enterprise resource planning offerings Continue Reading
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News
29 Jun 2021
Bank branches will be a thing of the past in five years, say bankers
Traditional bank branches are likely to disappear from the high street in the next five years, but banking ecosystems will ensure customer service levels are high, say bankers Continue Reading
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News
28 Jun 2021
Zopa Bank to make profit in its first year
Bank set up by peer-to-peer lending fintech firm expected to make a profit in its first year Continue Reading
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News
28 Jun 2021
German merger to fuel savings fintech expansion
German savings fintechs merge and plan European and US expansion Continue Reading
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News
21 Jun 2021
Post Office pays 400 subpostmasters compensation for losses caused by computer errors
The Post Office has so far compensated 400 subpostmasters who suffered losses because of errors in the organisation’s Horizon computer system Continue Reading
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News
18 Jun 2021
Digital banks could dominate once baby boomers pass on their wealth
Traditional banks face challenges in the coming years due to an increasing number of millennials only using digital banks Continue Reading
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News
16 Jun 2021
Contactless payments accounted for a quarter of all UK payments in 2020
Restrictions in everyday life brought by the Covid-19 pandemic fuelled an increase in the use of contactless payment technology during 2020 Continue Reading
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E-Zine
15 Jun 2021
Discovering great ideas – innovation at the Discovery Channel
In this week’s Computer Weekly, we talk to the owner of the Discovery Channel about how collaboration software enabled a culture of innovation. Our latest buyer’s guide looks at developments in cloud printing technology. And we hear from the technology chief at Rightmove about the online property site’s digital transformation. Read the issue now. Continue Reading
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News
14 Jun 2021
HammondCare takes procurement to the cloud
The Australian health and aged care provider migrated its procurement and invoicing systems to the cloud in just six months to improve efficiency and security Continue Reading
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News
09 Jun 2021
BBVA to cut 3,000 jobs in Spain as digital technology transforms industry
Spanish bank is the latest to announce swingeing branch and job cuts amid increased digital competition Continue Reading
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News
08 Jun 2021
Did government allow Post Office to sack forensic accountants to cover up Horizon scandal?
Whatever the Post Office told government about its decision to sack investigators examining subpostmaster prosecutions for theft could identify if the government was part of a cover-up Continue Reading
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News
07 Jun 2021
Bank of England calls for feedback on digital currencies
The UK financial services regulator is calling for feedback from organisations, including tech firms, on the use of cryptocurrency Continue Reading
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News
01 Jun 2021
Post Office scandal public inquiry finally begins after chances to address problems were ignored
The Post Office Horizon scandal inquiry begins with subpostmaster campaign group waiting for full details before committing its support Continue Reading
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News
31 May 2021
Great Eastern doubles down on data analytics
Singapore insurer Great Eastern has started a centre of excellence to drive adoption of data analytics and hone its capabilities in data governance and data engineering Continue Reading
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News
27 May 2021
BCS demands reform to rules on computer evidence following Post Office Horizon scandal revelations
Professional IT body wants changes to how computer evidence is used in court in the wake of the Post Office case Continue Reading
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News
26 May 2021
‘It's a good day when we refer a case,’ CCRC tells MPs during review of Post Office prosecutions
Criminal Cases Review Commission will not allow pressure on its resources to prevent subpostmasters seeking a review of their criminal convictions Continue Reading
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News
20 May 2021
Subpostmaster campaign group to meet Post Office scandal inquiry chair
The subpostmaster campaign group JFSA refused to cooperate with initial inquiry because it ‘lacked teeth’, but is now willing to talk after it was put on a statutory footing Continue Reading
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News
14 May 2021
More former subpostmasters have criminal convictions quashed
Two former subpostmasters pushed to the brink of suicide after being convicted for financial crimes finally have their names cleared Continue Reading
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E-Zine
13 May 2021
CW Benelux: Netherlands university launches centre of expertise in applied AI
Amsterdam University of Applied Sciences has launched a centre of expertise in applied artificial intelligence, and students from all faculties of the university will learn how to apply AI in their field of study. Also in this issue, read why a training ‘roadmap’ is needed to get Netherlands police officers up to speed with tackling cyber crime. Continue Reading
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News
12 May 2021
Fujitsu bags £3bn in public sector contracts while software errors wreck the lives of subpostmasters
The supplier at the centre of the Post Office Horizon scandal has so far escaped the ramifications of its role in the biggest miscarriage of justice in UK history Continue Reading
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Opinion
11 May 2021
Why the Post Office Horizon scandal kept me awake at night
Reverend Richard Coles tells Computer Weekly why there needs to be a statutory public inquiry into the Post Office Horizon scandal Continue Reading
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News
10 May 2021
Miscarriages of justice are the potent tip of Post Office scandal
The miscarriages of justice involving subpostmasters are the most disturbing element of the Post Office Horizon scandal – but it goes much deeper Continue Reading
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News
07 May 2021
Post Office contacts over 500 subpostmasters potentially wrongly prosecuted for financial crimes
The Post Office has contacted hundreds of people it might have wrongly prosecuted for financial crimes Continue Reading
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News
07 May 2021
Minister promises ‘fair and speedy’ compensation for 555 subpostmasters who defeated Post Office
Government says it wants to ensure a fair pay-out for the 555 subpostmasters who defeated the Post Office in a legal battle but were then excluded from the resulting compensation scheme Continue Reading
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News
05 May 2021
Post Office dishonesty in Horizon scandal is reason enough for statutory public inquiry
Subpostmasters, MPs and the public call for a full statutory judge-led public inquiry into the Post Office Horizon scandal, following another damning court judgment Continue Reading
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News
26 Apr 2021
Another 38 subpostmasters submit appeals against convictions
The biggest miscarriage of justice in UK history is set to get bigger as more subpostmasters take their cases to the Court of Appeal Continue Reading
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News
26 Apr 2021
Post Office scandal CEO steps down from roles after massive miscarriage of justice is laid bare
Former Post Office CEO Paula Vennells has left roles in the church, Morrisons and Dunelm after postmasters’ convictions were overturned in the Court of Appeal Continue Reading
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Feature
26 Apr 2021
How AI and automation drive better customer service
Forrester analysts explore the benefits of combining artificial intelligence with automation Continue Reading
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News
23 Apr 2021
Post Office scandal victims have criminal convictions overturned in Court of Appeal
Subpostmasters have their criminal convictions overturned after a judge rules that the Post Office prosecuted them without investigating computer errors Continue Reading
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News
22 Apr 2021
SAP Q1 2021: Revenue nudges up 2% year-on-year, S/4 adoption up 2.5% on prior quarter
SAP has reported first quarter 2021 revenue of €6.35bn, up 2% on the same year-ago quarter. Cloud revenue has increased by 1% year-on-year, and S/4 adoption is up 2.5% on the previous quarter Continue Reading
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Opinion
16 Apr 2021
Post Office’s full and final settlement with Horizon scandal victims in plain English
The legal settlement with subpostmaster victims of the Horizon scandal that the government and the Post Office say is “full and final” is anything but Continue Reading
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News
15 Apr 2021
Only government standing in the way of fair compensation for subpostmasters
The UK government is the only block to fair compensation for subpostmasters who were wrongly punished for accounting shortfalls Continue Reading
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News
11 Apr 2021
Executive interview: Unleashing blockchain’s potential
Labrys founder and CEO Lachlan Feeney offers his observations about blockchain adoption in Australia, and what his firm is doing to help organisations unleash the full potential of the technology Continue Reading
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News
08 Apr 2021
Post Office Horizon contract extension is part of project to bring Fujitsu work in-house
The Post Office is to move work done by Fujitsu in-house when its outsourcing contract ends, and is already recruiting IT experts Continue Reading
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News
07 Apr 2021
A billion extra contactless payments in year since limit increase
Visa said there was an extra one billion contactless payments made by its customers last year Continue Reading
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News
07 Apr 2021
Post Office gives controversial Fujitsu contract another year
The Post Office's controversial contract with Fujitsu has been extended another year to help the organisation manage its exit Continue Reading
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News
06 Apr 2021
Demands for changes to ‘barmy’ rules on digital evidence have government’s ear
The government is listening to calls for changes in how digital evidence is considered in court, as Post Office IT scandal spells out current rule's inadequacy Continue Reading
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News
29 Mar 2021
CW Innovation Awards: How DBS is transforming credit processes
DBS Bank’s credit architecture programme has digitised and reimagined credit processes through a unified platform that has improved the productivity and efficiency of its credit teams Continue Reading
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News
25 Mar 2021
Government faces judicial review into plans for Post Office Horizon inquiry
Subpostmasters that suffered great hardship at the hands of the Post Office are applying for a judicial review of a government inquiry into the scandal, which they see as a "whitewash" Continue Reading