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
20 Dec 2019
Has Y2K windowing been addressed by banks or is Y2.02K a risk?
Big banks that haven't replaced legacy systems or fixed temporary windowing solutions to Y2K could have problems at the beginning of 2020 Continue Reading
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News
20 Dec 2019
National Federation of Subpostmasters cries foul after court ruling on controversial computer system
The National Federation of Subpostmasters said it was misled by the Post Office about the robustness of the IT systems its members use Continue Reading
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News
17 Dec 2019
Subpostmasters proved right on IT system failures as calls for full public inquiry mount
Post Office has been “in denial” about the robustness of its core retail system, which a judge said was to blame for problems experienced by subpostmasters in a multimillion-pound group action Continue Reading
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News
13 Dec 2019
Subpostmasters got the best deal possible in legal battle with the Post Office, says lawyer
Subpostmasters ended their legal battle with the Post Office at the optimal time, according to the lawyer that managed the High Court action Continue Reading
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E-Zine
12 Dec 2019
CW Europe: Deutsche Bank creates innovation division
German banking giant Deutsche Bank is opening a division focused on innovation which will be led by former SAP executive Bernd Leukert. It will create agile teams with business and infrastructure divisions leading teams of technologists, using agile principles. Also read why China’s Huawei has offered governments an anti-industrial espionage commitment, and how software robots are helping social workers in Sweden. Continue Reading
- 11 Dec 2019
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News
09 Dec 2019
Dubai’s Kentech kicks off digital transformation drive
Energy and industrial support company will go live in Oracle’s cloud next month Continue Reading
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News
06 Dec 2019
Barclays opens large tech operation in India, hiring thousands
Barclays opens tech centre in Pune as part of its global delivery network Continue Reading
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News
03 Dec 2019
Insurtechs help traditional players differentiate
Traditional insurers are harnessing the agile development techniques of the tech startup community through partnerships with insurtechs Continue Reading
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News
28 Nov 2019
NatWest digital bank goes live
NatWest has announced the availability of its standalone digital challenger bank, known as Bó Continue Reading
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News
27 Nov 2019
Finland’s OP Financial Group accelerates open banking push
Finnish banking group is working with a Danish fintech to add open banking functionality to its offerings Continue Reading
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News
26 Nov 2019
Peer calls for clear-out of Post Office board after Court of Appeal confirms major court defeat
Conservative peer championing subpostmasters’ long-running battle with Post Office suggests management clear-out after Court of Appeal rejects appeal bid Continue Reading
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News
25 Nov 2019
How ServiceNow is empowering Asia’s mobile workforce
ServiceNow’s newly minted managing director in Asia talks up the company’s sweet spots and traction in the region, and what it’s doing to abstract away workflow complexities for mobile workers Continue Reading
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News
22 Nov 2019
Court of Appeal dismisses Post Office application to appeal damning judgment
The Court of Appeal has rejected a Post Office application to appeal judgments made in the first trial of its multimillion-pound battle with subpostmasters over IT system failures. Continue Reading
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News
22 Nov 2019
TSB tech woes continue with overnight systems failure
TSB customers have experienced problems receiving money into their accounts due to an IT error, just days after the bank was slammed in a report on its IT problems last year Continue Reading
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Feature
21 Nov 2019
CPM software Prophix organizes Spacesaver sales info for success
CPM software helped consolidate financial data, which allowed Spacesaver to cut its monthly close time by two-thirds and replace Excel spreadsheets with OLAP-based analytics. Continue Reading
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News
21 Nov 2019
Western Union transfers to AWS cloud
Western Union is the latest financial services form to set out a future in the Amazon Web Services cloud Continue Reading
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E-Zine
21 Nov 2019
CW Nordics: Automation pays off for Sweden’s social workers
Software robots are freeing up time for social workers in Sweden to help benefits claimants find employment and to receive the money they are entitled to. Also in this issue, read how Sweden’s SEB bank is using a Google-inspired, cloud-native core banking platform, and why India is leading the pack when it comes to IT outsourcing from the Nordic countries. Continue Reading
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News
20 Nov 2019
Holy grail of digital banking is, at first glance, a new channel, not a new concept
Details of Google’s plans in the financial services sector have emerged with nothing groundbreaking so far, but the sector is guessing what comes next Continue Reading
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News
19 Nov 2019
TSB programme pulled apart in report on IT meltdown
City law firm tears into TSB’s management of botched core banking platform migration Continue Reading
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News
18 Nov 2019
How DBS is pushing the limits of IT efficiency
Besides shrinking its datacentre footprint by 75%, Singapore’s DBS Bank is running twice as many virtual machines on a single socket and decoupling applications from its infrastructure stack Continue Reading
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News
15 Nov 2019
Businesses move key applications off public cloud to save costs
A new study has shown that while many enterprises are able to keep public cloud costs under control, spending can quickly escalate Continue Reading
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News
11 Nov 2019
Major report on TSB IT disaster expected soon
A damning report into the 2018 IT disaster at TSB is expected to heavily criticise executives when it is published in November Continue Reading
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News
11 Nov 2019
Goldman Sachs probed over alleged Apple Card gender discrimination
US financial services regulator is investigating allegations that Goldman Sachs’ credit decisions for its Apple Card offering show gender bias Continue Reading
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News
08 Nov 2019
GoCardless and TransferWise create global network for direct debits
Fintechs’ network will make it easier for small companies to expand their customer bases internationally Continue Reading
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Feature
07 Nov 2019
Satellite firm SES saves millions with cloud project management tools
Discover how satellite firm SES modernised project management with a cloud-based system from Precursive, based on live data and tailored in its reporting to different managerial roles Continue Reading
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News
07 Nov 2019
Zopa opens testing for its banking products to customers
Zopa's move into the banking sector is gathering pace as customers test out its savings product Continue Reading
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E-Zine
07 Nov 2019
CW Benelux: Dutch banks fight money laundering
Dutch banks are sharing expertise and resources to help reduce money laundering through their accounts. Also read in this issue how companies could lose loyal IT staff because salary rises do not match those at rival employers, and why a Dutch province is pioneering a no-code software development platform. Continue Reading
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News
06 Nov 2019
Machine learning will have bigger impact than cloud
Workday’s vice-chairman explains how machine learning can help employees become more effective, and hints at the company’s moves beyond finance and HR software Continue Reading
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News
06 Nov 2019
Sage brings cloud-based Intacct to UK market
Sage is bringing its cloud-based accountancy software acquired with US-based Intacct to the UK, and publishes research advancing a digital CFO concept Continue Reading
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News
05 Nov 2019
Cloud native core banking enables consumers to personalise what they buy
Google inspired core banking platform could help banks offer personalised products to millions of people. Continue Reading
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News
29 Oct 2019
Post Office IT trial judgement within days
The judgment in the second trial in a multimillion-pound legal battle over an allegedly faulty IT system at the Post Office is imminent Continue Reading
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News
28 Oct 2019
Unit4 CEO Mike Ettling: enterprise customers won’t pay extra for AI
Mike Ettling, chief executive, Unit4, spoke to Computer Weekly at the Unleash HR conference in Paris about ERP trends, and how he is positioning the firm he started running this year Continue Reading
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22 Oct 2019
Public cloud computing is early on its journey to core of the bank
Banks are no longer reluctant to use the cloud as the technology pierces the outer layer of the banking sector and begins its journey to the core. Continue Reading
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E-Zine
22 Oct 2019
Microsoft vs Google – who’s winning the cloud email race?
In this week’s Computer Weekly, there’s a two-horse race for dominance in the cloud email market between Microsoft and Google, but they are not alone – we examine the runners and riders. Our latest buyer’s guide looks at governance, risk and compliance solutions. And we assess the progress of public cloud in the banking sector. Read the issue now. Continue Reading
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News
18 Oct 2019
Huge rise in rogue banking apps driving fraud attacks
Fraud perpetrated through fake mobile apps purporting to be from legitimate banks has seen a statistically significant spike, says RSA Continue Reading
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Blog Post
16 Oct 2019
Financial services firms reveal their fintech status in major study
Fintech leaders in traditional banks are making significant progress but major challenges remain Continue Reading
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News
16 Oct 2019
Zopa continues in its mission to apply a Netflix user experience to banking
Zopa has made a credit scoring tool available as it continues to expand the portfolio of products it offers beyond loans. Continue Reading
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E-Zine
10 Oct 2019
CW Middle East: Saudi banks trial biometrics in ATMs
Biometric and blockchain technologies are being used in tandem to provide ID verification at Saudi Arabian cash machines. Also read about the first government organisation in Bahrain to migrate to Amazon Web Services, and an interview with Yasmeen Al Sharaf, head of fintech and innovation unit, Central Bank of Bahrain. Continue Reading
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News
08 Oct 2019
Sweden’s SEB explores core banking in the cloud
Swedish Bank is the latest organisation to agree to start using a Google-inspired, cloud-native core banking platform Continue Reading
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News
08 Oct 2019
Deutsche Bank to set up innovation division to drive digital transformation
More details about Deutsche Bank’s new technology division in internal company email Continue Reading
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News
07 Oct 2019
Public cloud computing is early on its journey to core of the bank
Banks are no longer reluctant to use the cloud as the technology pierces the outer layer of the banking sector and begins its journey to the core Continue Reading
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News
07 Oct 2019
Southeast Asia’s internet economy hits $100bn milestone
The digital economy in Southeast Asia grew 39% this year but the growth momentum can only be sustained if talent gaps are filled Continue Reading
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News
30 Sep 2019
Australia gets ready for open banking
Traditional banks and fintech firms alike will need to bite the bullet in the crucial startup period if Australia’s open banking regime is to succeed Continue Reading
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Blog Post
26 Sep 2019
All bank staff will have to understand APIs as the industry transforms
Can you describe what an API is in two sentences? If you work in a bank you might have to. Continue Reading
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News
25 Sep 2019
Executive interview: Speed is cloud apps benefit, says Oracle’s Miranda
In a Q&A with Computer Weekly at Oracle Open World 2019, applications head Steve Miranda discussed the supplier’s approach to cloud applications, digital assistants and machine learning Continue Reading
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News
19 Sep 2019
Direct Line built an insurtech it can tweak a thousand times a day
Insurance group Direct Line has added a new business to its portfolio, designed to let it act as a sandbox for its digital journey Continue Reading
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Blog Post
19 Sep 2019
Going online for a SIBOS press pass was harder than applying for a bank account
My troubles getting a press pass online for SIBOS made m,e appreciate how easy mobile banking is Continue Reading
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News
13 Sep 2019
Fintech lender increases loan limit as customer demand accelerates
Small business lender Esme Loans has increased its loan limit to quarter of a million pounds as businesses are drawn to its simple and fast digital platform Continue Reading
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News
12 Sep 2019
Less than quarter of fintechs prepared for no-deal Brexit
A survey reveals that less than a quarter of UK fintech companies have their businesses prepared for the UK's exit from the EU Continue Reading
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News
11 Sep 2019
Fintech Fluidly combines Google’s cloud and AI tech to ease SME cashflow management woes
London-based fintech Fluidly explains how its recent all-in move to the Google Cloud is supporting its continued growth, and delivers new features to customers faster Continue Reading
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Blog Post
11 Sep 2019
A Deep Learning experience was the spark for Evolution AI: Fintech interview 27
Evolution AI is selling technology to banks that can enable a computer to read any text in any document and make decisions based on what it reads Continue Reading
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News
10 Sep 2019
Inside NatWest Ventures
NatWest Ventures is helping NatWest bank to remain relevant to its SME businesses customer community through digital innovation Continue Reading
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News
05 Sep 2019
Digital challenger banks in UK to triple customer base
Digital challenger banks are increasing their amount of customers fast, but face major challenges if they are to make serious in-roads into the banking sector Continue Reading
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Blog Post
05 Sep 2019
Don’t forget fintech the service amid the record investment headlines
Fintech is not just about investors making money Continue Reading
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News
02 Sep 2019
TSB works with Silicon Valley tech firm to help SME customers take card payments
UK bank will offer its small business customers card-processing and point-of-sale technology by partnering with a fintech set up by Twitter CEO Continue Reading
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News
02 Sep 2019
APAC enterprises warm to S/4 Hana
SAP customers in Asia-Pacific are assessing migration options in the run-up to 2025, when the German software giant will stop supporting older ERP applications Continue Reading
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Blog Post
29 Aug 2019
Cross border payments fintech Azimo makes first profit
Azimo has made its first profit as the fintech moves onto its next phase of growth Continue Reading
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News
27 Aug 2019
ASX partners VMware and DA on digital ledger tech
The Australian Securities Exchange is working with VMware and Digital Asset to replace its Chess clearing and settlement system with digital ledger technology Continue Reading
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E-Zine
22 Aug 2019
CW Nordics: Copenhagen woos tech startups
Copenhagen offers all the advantages startups need to get off the ground and many are setting up with the intention of staying there for the long haul. Also read how shipping giant Maersk is employing a cloud-first strategy to disrupt competition and build innovation, and why three Finnish banks are sharing a core IT platform. Continue Reading
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Blog Post
21 Aug 2019
Mid-life crisis was the trigger for Funding Options’ fintech dating platform: Fintech interview 26
Funding Options took a few years to realise that dating sites were the perfect model for a fintech helping small businesses get access to the right loans for them Continue Reading
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News
20 Aug 2019
Restaurant group pays staff almost £1m early through fintech app
Wagestream app enables Casual Dining Group employees to receive salary payments in advance for a small fee Continue Reading
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News
15 Aug 2019
Latest Post Office Horizon problems fixed with software update to blame
The Post Office has fixed the latest problems with its Horizon system, affecting hundreds of branches Continue Reading
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News
15 Aug 2019
European fintech investment continues to grow as global investment falls
European countries are continuing to see significant growth in financial technology investment as total global investment decreases Continue Reading
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News
14 Aug 2019
UK finance regulator gives extra time for companies to meet payment security rules
Financial Conduct Authority gives companies under its watch an extra 18 months to meet an EU payments security standard Continue Reading
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News
12 Aug 2019
Hundreds of Post Office branches hit by new Horizon problem
Subpostmasters suffering slow running and frozen terminals while Post Office searches for a fix to issues apparently caused by a software update Continue Reading
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E-Zine
08 Aug 2019
CW Benelux: Dutch academic hunts the personality behind the hacker
Rutger Leukfeldt, senior researcher on cyber crime at the Netherlands Institute for the Study of Crime and Law Enforcement, is working to help organisations understand the personalities behind criminal hackers. Also in this issue, read about research that shows over half of Dutch organisations admit their knowledge of blockchain is substandard. We also feature an article about ABN Amro’s work with researchers to explore how quantum computing can be used to secure online banking. Continue Reading
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News
06 Aug 2019
ICO joins international call for transparency around Facebook’s Libra currency
Data protection regulators from around the world have signed a statement raising privacy concerns about Libra Continue Reading
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News
05 Aug 2019
CIO interview: Simon McNamara, chief administrative officer, RBS Group
Brought in after a catastrophic IT failure that affected 6.5 million customers, the IT chief at Royal Bank of Scotland Group says the bank is now a leader in innovation Continue Reading
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Blog Post
01 Aug 2019
FutureBricks is helping an industry lay foundations: Fintech interview 25
FutureBricks is offering savers better rates through lending to the SME building industry Continue Reading
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E-Zine
30 Jul 2019
Digital takes the racing line in Formula One
In this week’s Computer Weekly, we talk to the CIO of Formula One racing team Haas F1 to find out how technology is helping to compete with better-funded rivals. We examine the latest best practice advice on disaster planning. And we look at what the troubles at Deutsche Bank tell us about the rise of fintech startups. Read the issue now. Continue Reading
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News
30 Jul 2019
Six Nordic banks form alliance to offer KYC as a service
Nordic Know Your Customer joint venture will create a common Nordic platform based on advanced data management technologies Continue Reading
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Blog Post
22 Jul 2019
TSB enables customers to open an account with a selfie
TSB has integrated biometric ID technology into its mobile app to enable people to open accounts with a selfie Continue Reading
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News
22 Jul 2019
Latest investments in Atom Bank will support cloud platform project
Bank has raised £50m more finance, which will contribute to funding its project to migrate to the cloud Continue Reading
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Blog Post
18 Jul 2019
Esme Loans sprouts from firm foundations: Fintech interview 24
Esme Loans has emerged from an RBS innovation initiative and after a controlled launch is ready to scale its business Continue Reading
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News
17 Jul 2019
Facebook accused of ‘breathtaking arrogance’ over Libra cryptocurrency plan
US senators grill Facebook’s David Marcus over social media giant’s plans to launch cryptocurrency Continue Reading
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Blog Post
10 Jul 2019
People that have never heard of the cloud enjoy cloud services, so why should open banking differ?
Open banking has some way to go before and banks' shouldn't pin all their hopes on Millennials Continue Reading
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News
09 Jul 2019
Post Office fixes technical problem causing accounting errors in Horizon
Problem revealed during High Court trial left subpostmaster with £18,000 surplus after IT system failed to register full amount of cash scanned in Continue Reading
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News
08 Jul 2019
Eventful second Post Office Horizon trial ends
The latest High Court trial in the long-running dispute between the Post Office and subpostmasters has concluded, with part three set for March 2020 Continue Reading
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News
03 Jul 2019
Why PSD2 adoption in the Netherlands is lagging behind
The Netherlands appears to be falling behind in open banking, even though the Dutch are digitally proficient and are often early adopters of new technology. What is going on? Continue Reading
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News
03 Jul 2019
APAC firms in developed markets warm up to cloud ERP
A majority of large enterprises in Australia, New Zealand, Hong Kong and Singapore are planning to move their financial applications to the cloud within a year Continue Reading
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News
02 Jul 2019
Post Office back-office error leaves subpostmaster with thousands of pounds extra
The Post Office has admitted that some subpostmasters are at risk of accounts not balancing due to an error it does not understand Continue Reading
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News
01 Jul 2019
The Great Eastern way to digital transformation
Regional insurance company Great Eastern has rolled out a new digital platform to better serve customers while morphing its DNA from the inside out Continue Reading
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News
28 Jun 2019
Interview: Yasmeen Al Sharaf, head of fintech and innovation unit, Central Bank of Bahrain
Yasmeen Al Sharaf heads up financial technology strategy at Bahrain’s central bank, which is on a mission to grow and diversify the sector in the Middle East island state Continue Reading
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News
25 Jun 2019
Three Finnish banks, one core IT platform
Can a shared core IT platform enable three Finnish banks to become more efficient yet maintain individual competitiveness? Continue Reading
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25 Jun 2019
Facebook unveils its cryptocurrency plans
Facebook has released details about its Libra cryptocurrency, but questions still remain over how, and if, it will work Continue Reading
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News
20 Jun 2019
Facebook officially unveils cryptocurrency plans
Facebook has released details about its Libra cryptocurrency, but questions still remain over how, and if, it will work Continue Reading
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News
18 Jun 2019
Facebook announces global digital currency Libra
Facebook is launching digital coin to open up affordable financial services to the world Continue Reading
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Blog Post
18 Jun 2019
London Tech Week opinion 2: UK tech is more than just London
There is life in UK tech beyond the Big Smoke Continue Reading
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News
17 Jun 2019
Post Office asks Court of Appeal for permission to appeal judgment in first Horizon trial
The Post Office has applied to the Court of Appeal to appeal judgment in Horizon trial Continue Reading
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Blog Post
17 Jun 2019
Lloyds bank adds savings and credit card to open banking
Lloyds Banking Group launches the latest edition of its open banking journey Continue Reading
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News
06 Jun 2019
Half of CFOs frustrated by complex accounting systems
Chief financial officers need to upgrade to easier-to-use accounting systems, but are strapped for time and lack the resources to make the right choices, according to survey Continue Reading
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Blog Post
06 Jun 2019
HSBC drops Connected Money and integrates best features to main mobile banking app
HSBC is taking advantage of fintech to test out features before fully integrating them into the main mobile app Continue Reading
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News
05 Jun 2019
Emirates NBD builds bank of future with Amazon Web Services
UAE bank is accessing the latest technology through a close relationship with IT giant Amazon Web Services Continue Reading
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Blog Post
04 Jun 2019
NatWest Video banking service adds fuel to a future without branches
Bank branches are no longer needed for that hum an touch Continue Reading
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News
24 May 2019
Post Office told to pay over £5m of its opponent’s costs for first Horizon trial
The judge in the Post Office Horizon trial has ordered the organisation to pay the legal costs of its courtroom adversaries, and refused to give permission to appeal a major judgment Continue Reading
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E-Zine
23 May 2019
CW Nordics: Nordea links up with IBM to meet fintech challenge
IBM’s €473m managed services contract with Nordea reflects an increasing trend among Nordic banks to outsource more of their IT to help meet the challenge of fintechs. Also read how a shortage of women in the boardroom is a problem in the Nordics but the tech sector points to a more promising future, and find out why the Norwegian government has launched a regulatory sandbox for the fintech sector. Continue Reading
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News
22 May 2019
Hundreds of European retail banks will disappear as challengers scoop up customers
One in every 10 banks in Europe will no longer exist as digital challengers take customers from them Continue Reading
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E-Zine
21 May 2019
Using fintech to fight poverty
In this week’s Computer Weekly, we talk to the Bill & Melinda Gates Foundation to find out how technology is fighting poverty by increasing financial inclusion. We examine how best to manage the challenges of Microsoft’s new plan for ongoing Windows 10 updates. And we find out how data innovation at Lloyd’s of London is supporting a wider digital modernisation at the 330-year-old insurance market. Read the issue now. Continue Reading
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News
20 May 2019
Post Office applies to appeal damning judgment in first Horizon trial
The Post Office has applied for permission to appeal judgments from the first trial in its IT-related legal battle with subpostmasters Continue Reading