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
09 Dec 2024
Inside Prudential’s AI strategy
Prudential is leveraging AI across its operations, from enhancing customer interactions and streamlining internal processes to empowering its workforce through upskilling initiatives Continue Reading
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News
09 Dec 2024
Post Office senior leadership warned of IT project data safeguarding risk
Post Office board members and senior executives have been made aware of the risk to data related to its ill-fated Horizon system replacement project Continue Reading
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News
16 May 2019
How Open University went from bespoke IT to vanilla SAP
It’s hard convincing users their business processes are a dud. But this is what Chris Youles, chief information officer of the Open University, needed to do to transform the organisation Continue Reading
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Blog Post
16 May 2019
Brits want their banks to offer the latest fintech services but are not ready to use them
London might be one of world’s fintech hubs, but Brits are still wary of new tech for banking Continue Reading
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Blog Post
26 Apr 2019
Tink is building the foundation of every bank in the world: Fintech interview part 20
Tink is a Swedish fintech which realised a complete change of its business model was in order if it were to meet its growth potential Continue Reading
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News
24 Apr 2019
SAP Q1 2019 results: 400 more S/4 Hana sign-ups, €1.5bn in cloud
SAP’s first-quarter 2019 financial results indicate cloud revenue at 26% of total, and 400 new customers for S/4 Hana. Senior executive losses, restructure and Qualtrix acquisition cost bite into profit Continue Reading
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Blog Post
23 Apr 2019
Nationwide Building Society challenges seven fintechs to develop apps for financially vulnerable
Nationwide Building Society offering fintechs funding and mentoring in a challenge to create apps for the financially vulnerable Continue Reading
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News
17 Apr 2019
HM Land Registry completes blockchain trial
HM Land Registry’s blockchain project is part of a wider digital transformation initiative which aims to simplify and speed up the process of buying and selling property Continue Reading
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News
17 Apr 2019
Government says no conflict of interest in trial despite Post Office chairman’s dual role
BEIS refutes MP’s suggestion of Post Office chairman’s conflict of interest in group litigation case involving Horizon IT system Continue Reading
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Blog Post
17 Apr 2019
Facebook shutters Messenger payments in UK as Brits just not into it
Facebook is closing its peer to peer payments service within Messenger in the UK because of limited take up Continue Reading
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News
16 Apr 2019
MP questions government over Post Office Horizon case
Labour MP asks the government about the costs associated with the Post Office Horizon legal battle Continue Reading
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E-Zine
11 Apr 2019
CW Middle East: Visibility and security of networks are top IT priorities
The 2019 Computer Weekly/TechTarget IT Priorities survey shows that enterprise buyers in the Middle East, like those in the UK and Europe, are looking to lock down their networks in the face of an almost constant barrage of threats and malicious actors. Also read how Facebook planned to use its Android app to track the location of its customers and to allow advertisers to send political advertising, and what further details operator O2 has revealed about how it is planning for the advent of 5G. Continue Reading
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Blog Post
10 Apr 2019
Consumers will ditch bank if online experience falls short
Would you ditch your bank or building society if its digital services didn't match up to Google? Continue Reading
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News
10 Apr 2019
Should you buy SaaS ERP or best-of-breed enterprise software?
The major ERP providers are pushing their customers to their cloud offerings. It makes sense, but there are plenty of SaaS alternatives Continue Reading
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News
04 Apr 2019
Post Office to appeal judgment from first Horizon trial
The Post Office will appeal against some of the judgments from the first trial concerning the Horizon computer system used by subpostmasters Continue Reading
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News
03 Apr 2019
Del Monte Foods enlists Accenture to help guide move to AWS cloud
US-based food producer has moved hundreds of servers and business applications to the AWS public cloud as part of a push to modernise its IT estate and boost its overall business agility Continue Reading
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News
02 Apr 2019
Post Office could face huge costs bill for first Horizon trial
Subpostmaster claimants’ legal team makes application for the Post Office to pay millions of pounds of costs associated with trial Continue Reading
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News
29 Mar 2019
Middle East countries accelerate quantum computing research
Gulf countries must invest in quantum computing research to ensure they continue to to remain digital pioneers Continue Reading
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News
29 Mar 2019
Major shake-up of TSB IT after core banking system migration disaster
TSB has restructured its IT team to give its internal team control of its core banking system Continue Reading
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Opinion
28 Mar 2019
Audit services – the next frontier for tech giants?
As data analytics, AI and automation technology advance, could we be about to see technology firms take on some of the responsibilities of the big financial audit firms? Continue Reading
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News
28 Mar 2019
Post Office made to repay public money it allocated to fund Horizon litigation
A senior civil servant asked the Post Office to repay public money it had wrongly allocated to paying legal costs Continue Reading
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News
28 Mar 2019
Businesses losing out on early payment discounts due to outdated software
Chief financial officers need to upgrade their accounting software to benefit from discounts available for paying suppliers early Continue Reading
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News
27 Mar 2019
Insurance company Tokio Marine HCC overhauls legacy systems
Tokio Marine HCC has partnered with Incessant Technologies to implement business process automation software, which is helping the company to mitigate the risks associated with its disparate legacy systems Continue Reading
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26 Mar 2019
Subpostmasters achieve ‘stunning victory’ against Post Office in Horizon court case
High Court judge rules that Post Office showed “oppressive behaviour” in response to claimants accused of accounting errors they blamed on Horizon IT system, and cultivated a “culture of secrecy and confidentiality”. Continue Reading
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Podcast
26 Mar 2019
Podcast: The Computer Weekly Downtime Upload – Episode 9
In this week’s episode of The Computer Weekly Downtime Upload podcast, Caroline Donnelly hosts the show as Brian McKenna recovers from his latest jaunt to San Francisco, while Clare McDonald discusses women in technology, and the team once again talks about the need for unbiased artificial intelligence Continue Reading
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News
20 Mar 2019
CCRC watching Post Office Horizon trial closely
The Criminal Courts Review Commission considering judgment in subpostmasters versus Post Office litigation trial Continue Reading
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News
20 Mar 2019
Post Office ‘lacked humanity’ in the treatment of subpostmasters, says peer
Peer slams Post Office after High Court judgment reveals its oppressive style of managing the people who run its branches Continue Reading
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News
19 Mar 2019
Post Office director cross-examination confirms lack of investigation into branch IT problems
A high court judge heard that the Post Office did not investigate a computer system error that could cause losses, despite being offered evidence Continue Reading
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News
15 Mar 2019
Subpostmasters achieve ‘stunning victory’ against Post Office in Horizon case
Judge rules that Post Office showed “oppressive behaviour” in response to claimants accused of accounting errors they blamed on Horizon IT system Continue Reading
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News
12 Mar 2019
Post Office considered Horizon IT system ‘high risk’, court told
The Post Office considered Horizon a high operational risk in an internal review, a trial focused on alleged fallibilities in the system used in thousands of Post Office branches has heard Continue Reading
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Blog Post
07 Mar 2019
Nationwide Building Society creating digital platform with fintech 10x
Nationwide Building Society creating business banking platform with 10 X Continue Reading
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News
07 Mar 2019
Tech under spotlight at High Court in second subpostmasters versus Post Office trial
The second trial in a court battle between the Post Office and the people who run branches analyses alleged bugs in the computer system they use Continue Reading
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E-Zine
05 Mar 2019
Modernising IT at the Bank of England
In this week’s Computer Weekly, we talk to the Bank of England as it starts the modernisation programme for its core system – one that the UK economy relies on. We look at the rise of DevSecOps and how it can help deal with increasingly complex security threats. And we examine the different approaches to storage for structured and unstructured data. Read the issue now. Continue Reading
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Blog Post
05 Mar 2019
NatWest launches its baseline open banking feature
NatWest is the latest bank to offer its baseline open banking service Continue Reading
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News
04 Mar 2019
IT Priorities 2019: APAC keeping pace with digital transformation
Digital transformation is well underway among APAC enterprises which are looking to spend more on refreshing their IT infrastructure and technologies that improve employee productivity Continue Reading
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News
28 Feb 2019
APAC financial firms face roadblocks with RPA
IDC monitored the automation projects of over 30 early adopters of RPA in financial services and found that most were unable to scale up their implementations of the technology Continue Reading
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Blog Post
21 Feb 2019
Nearly a third of UK tech startups are setting up presence in mainland Europe because of Brexit
A third of UK startups are readying themselves for Brexit by setting up operations on mainland Europe Continue Reading
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E-Zine
21 Feb 2019
CW Nordics: Sweden to test e-krona and plans cashless society
Sweden’s vision of a cashless society has gained traction after the Riksbank (central bank) rolled out plans to test a digital currency, the e-krona. Also read how the Nordic region’s longer-established companies are playing a forceful role to advance digital transformation, and how Finland’s IT sector has rebounded strongly after Microsoft’s takeover of Nokia’s mobile phones and smart devices business units in 2014. Continue Reading
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Blog Post
07 Feb 2019
Finastra business expands with fintech disruption: Fintech interview part 14
Finastra is an IT supplier build on very old foundations but fintech disruption has forced it to extend beyond them Continue Reading
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Blog Post
05 Feb 2019
Could Atom bank’s deal with Thought Machine be a stepping stone for legacy replacement at BBVA?
Could BBVA follow Lloyds Banking Group onto the Google inspired banking platform from Thought Machine Continue Reading
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News
01 Feb 2019
TSB blames IT disaster for huge losses
TSB made a huge loss in its latest financial year because of costs it incurred as a result of an IT disaster Continue Reading
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News
29 Jan 2019
SAP FY 2018: Cloud revenue nears €5bn, 10,500 customers for S/4 Hana
SAP’s full-year 2018 results show cloud revenue at 20% of the total, which was €24.7bn, while the fourth quarter saw 1,000 customers added to its flagship S/4 Hana Continue Reading
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News
24 Jan 2019
Lloyds Bank to migrate hundreds of thousands of customers to Google-inspired fintech
Following its announcement that it was exploring the use of a fintech platform, Lloyds Bank has been quick to plan customer migration Continue Reading
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News
24 Jan 2019
Santander announces latest branch closures as digital channels take over
Bank to close 140 more UK branches as in-branch transactions fall and digital banking accelerates Continue Reading
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Blog Post
23 Jan 2019
What the fintechs think about open banking’s progress? Part 1 TrueLayer
Open banking is one year old, but how has the first year been for the fintech's who will give it meaning Continue Reading
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News
22 Jan 2019
Mastercard fined over half a billion euros for unfair payment fees
Mastercard has been heavily fined for having rules on interchange fees which distorted the EU single market Continue Reading
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E-Zine
22 Jan 2019
Moving beyond network boundaries
In this week’s Computer Weekly, we look at how businesses are adapting to the challenges of perimeterless network security. We examine how digital transformation is bringing increased complications for identity and access management (IAM). And we ask if public cloud providers are becoming a threat to the funding model for open source software. Read the issue now. Continue Reading
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17 Jan 2019
Singapore’s Redmart finds speed and agility with cloud ERP
Online grocer has slashed the time it takes to close the books from more than a week to just three days with Oracle’s cloud-based financial application Continue Reading
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Blog Post
15 Jan 2019
Open banking will transform financial services through osmosis
Open banking regulation will transform the financial services sector but don't expect changes overnight Continue Reading
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News
15 Jan 2019
Thousands of known errors on controversial Post Office computer system to be revealed
Known errors log concerning Horizon IT system set to be announced during second High Court trial in subpostmasters’ long-running dispute with Post Office over financial losses Continue Reading
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E-Zine
10 Jan 2019
CW Middle East: Bahrain aims to be fintech hub
Bahrain’s government wants to make the country the go-to place in the Middle East for financial technology companies. It hopes to capitalise on its banking know-how to establish an ambitious fintech “ecosystem”. Also read about Dubai’s plans for the Smart Data platform and the UAE Pass, a digital ID and signature, and how Shell is using AI to amplify the human impact of its workforce. Continue Reading
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News
02 Jan 2019
How e-signatures fix broken digitisation
A big barrier to the end-to-end digitisation of business processes is that certain steps require paper – but DocuSign plans to fix this Continue Reading
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News
02 Jan 2019
Subpostmasters suing Post Office over IT failures stunned by CEO’s honour
Subpostmasters’ campaign group attacks Post Office CEO Paula Vennells’ New Year honour amid ongoing court case Continue Reading
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News
20 Dec 2018
Top 10 financial services stories of 2018
Here are Computer Weekly's top 10 financial services stories of 2018 Continue Reading
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News
17 Dec 2018
Financial services giant transforms application delivery through HCL
Dutch financial services firm Aegon is outsourcing the management of its fintech supplier network Continue Reading
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E-Zine
13 Dec 2018
CW Europe: Russia banks on electronic payments
A recent study by Sberbank, Russia’s largest state-run lender, shows the country has experienced a cashless payment boom over the past decade. Also read about the attempt by four Russians to break into the networks of the Organisation for the Prohibition of Chemical Weapons in The Hague, and why the Estonian government is directly targeting IT professionals in the UK. Continue Reading
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News
13 Dec 2018
Chief technology officers in high demand in finance sector
Financial services firms need to hire experienced chief technology officers as the sector is transformed through fintech Continue Reading
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News
07 Dec 2018
Court orders Post Office to explain inability to access encrypted file
Post Office unable to open encrypted recording of an interview that forms part of its evidence in High Court case Continue Reading
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News
07 Dec 2018
Complex Post Office Horizon case set to continue into 2020
Court case where subpostmasters are suing the Post Office set to span at least four trials and extend into 2020 Continue Reading
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News
04 Dec 2018
Zopa gains banking licence and prepares launch
Peer-to-peer lending pioneer Zopa is turning its attention to retail banking in the UK, with plans to offer savings, credit and money management products Continue Reading
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News
04 Dec 2018
Barclays staff to transfer to HCL as IT deal is expanded
Bank announces closure of operation in Lithuania, with employees transferring to IT services company HCL Continue Reading
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News
04 Dec 2018
Lloyds to use core banking technology from Google-inspired UK fintech
Banking group explores cloud-based core banking technology as part of a major transformation programme Continue Reading
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News
30 Nov 2018
CCRC may hold off subpostmaster decision until after Post Office Horizon trial
The Criminal Courts Review Commission is deciding whether to delay its decision on subpostmasters’ claims of wrongful prosecution until after a related court case Continue Reading
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News
28 Nov 2018
Challenger bank signs up Google-inspired platform
Cloud-based platform offers functionality around smart contracts and a workflow engine for bank processes Continue Reading
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News
28 Nov 2018
FCA deeply concerned as no end in sight for IT failures in banking
The FCA has reported a massive increase in the number of banking IT failures in the UK and admitted there is no end in sight Continue Reading
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News
28 Nov 2018
UK competition watchdog concerned with PayPal’s fintech acquisition
Competition and Markets Authority fears $2.2bn deal could reduce competition for payment services in the UK Continue Reading
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News
27 Nov 2018
Treasury Committee launches inquiry into bank IT failures
With IT outages in the financial sector a regular occurrence, the Treasury Committee is investigating the causes and consequences of these failures, and what industry and regulators are doing to promote resilience Continue Reading
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News
27 Nov 2018
High Court trial over Horizon computer system completes witness cross-examinations
The High Court trial in which subpostmasters are suing the Post Office has reached an important stage Continue Reading
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Podcast
21 Nov 2018
Digital finance transformation lets CFOs shift focus to value
In a podcast from the MIT Sloan CFO Summit, Ash Noah of the Association of International Certified Professional Accountants explains how digital technology is helping finance to polish a value lens that guides the business. Continue Reading
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News
21 Nov 2018
Post Office held back information about Horizon IT system errors
Post Office director admits to Horizon errors and not sharing details with subpostmaster network Continue Reading
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News
16 Nov 2018
Post Office executives cross-examined in Horizon IT system trial
A High Court trial, where subpostmasters are suing the Post Office for damages caused by an allegedly faulty IT system, ended its second week. Continue Reading
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News
15 Nov 2018
The Gym Group flexes its muscles with data analytics
No-frills fitness company The Gym Group is using analytics technology to find insights from its financial, HR and membership data, as it limbers up for rapid expansion in the UK Continue Reading
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News
14 Nov 2018
NetSuite finds sweet spot in Asia
With a fast-growing economy and government programmes to drive digital transformation, Asia is proving to be fertile ground for the cloud ERP pioneer Continue Reading
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News
13 Nov 2018
Sweden’s central bank to test digital currency
Riksbank e-krona initiative follows government plan for a cashless society by 2030 Continue Reading
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News
13 Nov 2018
Post Office trial throws up known problem with Horizon system
High Court case in which subpostmasters are suing the Post Office has revealed a known problem with the computer system at the core of the dispute Continue Reading
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News
12 Nov 2018
Singapore’s Redmart finds speed and agility with cloud ERP
Online grocer has slashed the time it takes to close the books from more than a week to just three days with Oracle’s cloud-based financial application Continue Reading
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News
09 Nov 2018
High court Post Office trial puts subpostmasters’ contract under microscope
Case against Post Office in relation to allegedly faulty computer system begins in High Court Continue Reading
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E-Zine
08 Nov 2018
CW Benelux: Bikes face scooter challenge in Netherlands
The concept of rental scooters is perfect for the Netherlands, where bicycles are already the most widely used method of transport. Scooter startups see the potential to apply the latest smart technologies to the concept, but regulations could be a barrier. Also in this issue, read how chatbots are taking off with Dutch organisations, with KLM's chatbot a pioneering example, and find out how Dutch bank ING is getting a financial boost from an employee performance management rethink. Continue Reading
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E-Zine
06 Nov 2018
Post Office IT system goes on trial
In this week’s Computer Weekly, 10 years after we revealed concerns over the Post Office’s Horizon accounting system, affected subpostmasters finally get their day in court. We look at how businesses are turning to wearable technology to help employees stay healthy. And we analyse the key players and products in the market for object storage. Read the issue now. Continue Reading
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News
05 Nov 2018
Deutsche Bank to create cloud-based digital cheque processing system
German banking giant Deutsche Bank will replace manual and paper-intensive cheque processing methods with an automated system in the cloud Continue Reading
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Blog Post
02 Nov 2018
Fidor Bank to separate from BCPE after short marriage
The integration of digital bank Fidor to BCPE's business fails to materialise Continue Reading
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News
01 Nov 2018
SAP’s Atzberger vaunts front to back office capability
Alex Atzberger, president, SAP Customer Experience, recently went through the company’s customer-focused software strategy with Computer Weekly Continue Reading
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News
01 Nov 2018
How Bahrain plans to become a regional fintech hub
Bahrain is a small island with big plans for its financial technology industry Continue Reading
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News
30 Oct 2018
Traditional financial services firms face extinction within 12 years
A large number of large banks could disappear within 12 years unless they change business models and economics Continue Reading
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News
29 Oct 2018
Why subpostmasters and Post Office are battling it out in the High Court
After over a decade of controversy, next week marks the beginning of a court battle between subpostmasters and the Post Office over allegations of faults in an accounting system leading to unfair prosecutions Continue Reading
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Opinion
26 Oct 2018
The lesson of TSB – testing, 1, 2, 3
An organisation’s IT system might look good on the surface, but you can’t fix a problem if you don’t know it’s there Continue Reading
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News
24 Oct 2018
Oracle Open World 2018: CEO Mark Hurd says SAP ERP customers will defect
Oracle co-CEO Mark Hurd opined at Open World that SAP ECC6 customers will defect, in some measure, to Oracle in preference to S/4 Hana Continue Reading
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News
23 Oct 2018
Software suites will dominate the business applications market
Oracle co-CEO Mark Hurd contends that having a common user interface and the ability to support data flows across a business are key capabilities that will spur the dominance of software suites over time Continue Reading
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News
19 Oct 2018
Russians using less cash after accelerated use of electronic payments
Russians are increasingly using electronic payments rather than cash, a recent study by Sberbank has found Continue Reading
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News
18 Oct 2018
SAP Q3 2018: Cloud revenue up 39%
SAP’s Q3 2018 results show cloud revenue now at 22% of total and indicate momentum. S/4 Hana customers number 9,500 Continue Reading
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Blog Post
12 Oct 2018
The fintech interview: Part 4 Akoni
Finetch Akoni brings corporate treasury capabilities to the SME sector with Google functionality the Holy Grail Continue Reading
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E-Zine
11 Oct 2018
CW Middle East: Middle East warms to humanoid robots
Countries in the Middle East are warming to humanoid robotics, robotic process automation and artificial intelligence as these technologies become widely accepted globally. Also in this issue, read why Saudi Arabia has called on London’s fintechs to set up in the country with the promise of government support, and find out how the Gulf Warehousing Company has introduced cloud-based technology to replace paper processes used by its HR department. Continue Reading
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Blog Post
11 Oct 2018
Is Indian tech sector a threat or opportunity to UK’s fintech sector?
India is an opportunity and a threat when it comes to any tech focused sector and the UK government wants to ensure it is a friend in Fintech. Continue Reading
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Blog Post
10 Oct 2018
Taming the flow monster in real-time payments
This is a guest post by Bhupendra Warathe, chief information officer for corporate and institutional Banking, information technology and operations at Standard Chartered Bank As the world adopts ... Continue Reading
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News
09 Oct 2018
Blockchain adoption hotting up in Australia
The emerging technology is being tested in several industries in a country aspiring to be a global leader in blockchain development Continue Reading
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Blog Post
09 Oct 2018
IT professionals losing faith in direction IT is going at banks
Banking IT professional speaks out against worrying software development methods used in the UK Continue Reading
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Blog Post
05 Oct 2018
The fintech interview: Part 3 Wrisk
Read how UK insurtech Wrisk was born and raised Continue Reading
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Blog Post
03 Oct 2018
Why do UK banks suffer more software failures than those in other countries?
Why do UK banks suffer more outages than banks in other countries? Continue Reading
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News
02 Oct 2018
Filling the blockchain chasm
Blockchain as a term is becoming common language, but there is a long way to go before it will mean anything to the performance of most organisations Continue Reading
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News
02 Oct 2018
Government explores blockchain to make buying and selling property easier and cheaper
HM Land Registry moves into the next phase of a project that will use the latest technologies to speed up property transactions Continue Reading
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Blog Post
02 Oct 2018
UK Blockchain startups, who are you?
Who are the UK companies trying to have a share of the trillions of pounds that will be created by the Blockchain industries Continue Reading
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News
28 Sep 2018
No let-up in digital banking glitches as TSB and HSBC customers are hit on payday
Online and mobile app banking outages continue to increase in regularity as TSB and HSBC customers report problems Continue Reading