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.

News 23 Sep 2022
Copenhagen Fintech connects its members to the world

Copenhagen-based startup initiative is driving fintech developments across the Nordic region, with Mastercard its latest global partner Continue Reading
E-Zine 09 Sep 2022
CW Europe: Why Russia could become the world’s biggest market for illegal IT

Faced with international sanctions and the departure of many global IT suppliers from Russia, companies there are seeking alternative, and sometimes illegal, routes to access IT products. Also read how new requirements are driving scientists and engineers in Europe back to the lab to start developing 6G technology. Continue Reading

News 28 Apr 2023

More Post Office software-related convictions overturned takes total to 86

A total of 86 former subpostmasters wrongly prosecuted for financial crimes after computer errors showed phantom losses have had convictions overturned Continue Reading
News 27 Apr 2023

Zopa’s emotional journey to becoming a bank

Zopa Bank’s CEO sees no reason why the app-based bank should not be as big as the high street giants Continue Reading
News 25 Apr 2023

Lloyds Bank joins industry IT standards group

UK banking giant Lloyds Banking Group has joined an industry group which promotes global IT standards Continue Reading
Feature 24 Apr 2023

How artificial intelligence and automation can streamline procurement

We speak to chief procurement officers about the role of artificial intelligence in helping their organisations reduce costs and tackle the economic slowdown Continue Reading
News 20 Apr 2023

Banks don’t want to develop fintech in-house

Banks are increasingly partnering with fintechs to gain access to their platforms, with few interested in developing such capabilities in-house Continue Reading
News 14 Apr 2023

Former TSB CIO fined for migration meltdown

Both TSB and its CIO have now been fined for the catastrophic migration of TSB’s core banking system Continue Reading
News 06 Apr 2023

CCRC says ‘door open’ for more reviews of subpostmaster convictions

The Criminal Cases Review Commission (CCRC) has told former Post Office workers the door is still open for them to come forward if they were prosecuted for financial crimes based on evidence from Horizon software Continue Reading
News 05 Apr 2023

The Folio Society turns over new leaf with NetSuite

Well known for its illustrated, hardback editions of books, The Folio Society has brought its finance systems up to date, in part to aid international growth, with Oracle NetSuite Continue Reading
News 03 Apr 2023

Lloyds and NatWest banks join Barclays in latest round of branch closures

Lloyds and NatWest banks announce more branch closures as UK high streets continue to be stripped of banking services Continue Reading
News 27 Mar 2023

JP Morgan pilots palm and face-recognition technology in US

JP Morgan is testing out its biometric payment technology in selected retailer stores and at the upcoming Formula 1 Grand Prix in Miami Continue Reading
Podcast 24 Mar 2023

Everywoman in Tech, datacentre heat reuse – Computer Weekly Downtime Upload podcast

The team talks about disclosure regarding diversity and inclusion programmes, datacentre heat reuse in swimming pools, and NetSuite supporting business transformation at Guinness World Records Continue Reading
E-Zine 21 Mar 2023

The risks of an imbalance in AI

In this week’s Computer Weekly, a leading AI expert explains the risks of an arms race in artificial intelligence caused by the domination of private sector providers. Our latest buyer’s guide examines ways to reduce IT’s energy use. And we analyse the latest damning revelations from the Post Office scandal inquiry. Read the issue now. Continue Reading
News 15 Mar 2023

How industry cloud platforms are shaping the future of business applications

More than half of enterprises are expected to use industry cloud platforms that combine cloud-based infrastructure, platform and application services to accelerate their business by 2027 Continue Reading
14 Mar 2023

Guinness World Records goes digital

Over the past 20 years, Guinness World Records has transformed from book publishing to digital content creation, most recently marshalling NetSuite. Continue Reading
News 13 Mar 2023

Subpostmaster demands names of Post Office executives who crushed him to suffocate truth

One Post Office scandal victim was deliberately destroyed by the Post Office to deter other subpostmasters from challenging the integrity of its core computer system Continue Reading
Podcast 08 Mar 2023

Procurement AI: A Computer Weekly Downtime Upload podcast

We speak to BT’s procurement chief about the role of artificial intelligence and how conversational AI will improve workflows Continue Reading
News 08 Mar 2023

Executive interview: BT chief procurement officer, Cyril Pourrat

BT Sourced is part of BT Group and aims to tackle the telecommunications giant’s multibillion-pound spending. We speak to its procurement chief Continue Reading
News 07 Mar 2023

IT worker evidence reveals a toxic Post Office IT helpdesk that discriminated against subpostmasters

IT worker tells public inquiry that the Post Office Horizon helpdesk was toxic, rudderless and racist Continue Reading
Feature 07 Mar 2023

Culture eats technology in digital transformation

Digital transformation without culture change is an empty phrase, but get the balance right and you can reap rewards Continue Reading
E-Zine 07 Mar 2023

Can the UK keep its fintech crown?

In this week’s Computer Weekly, two years after the Kalifa report laid out a roadmap for continued fintech sector growth, UK entrepreneurs and startups are worried about the lack of progress. We look at the top tech trends in retail and find out which companies are leading the way. And we examine six ways to slash IT emissions. Read the issue now. Continue Reading
News 06 Mar 2023

Fintech industry calls for regulatory change to help struggling consumers

Fintech trade body calls for regulatory changes to allow fintechs to broaden services for people struggling in the cost-of-living crisis Continue Reading
News 06 Mar 2023

Guinness World Records goes digital

Guinness World Records has been around since 1955. Over the past 20 years, it has transformed from book publishing to consultancy and digital content creation, most recently marshalling NetSuite Continue Reading
News 06 Mar 2023

How to get mainframe modernisation right

Around a third of mainframe modernisation efforts fail, but that doesn’t need to be the case if organisations can harness the best of mainframe and distributed architectures, according to Rocket Software Continue Reading
News 03 Mar 2023

Shawbrook Bank uses Pegasystems for low-code business process rewrite

SME lending and savings bank Shawbrook Bank is using a low-code platform from Pegasystems to rewrite outdated business processes Continue Reading
News 28 Feb 2023

Post Office’s most senior executives hushed up Horizon errors, public inquiry told

The Post Office messaging strategy was designed to reassure staff that the Horizon accounting system was robust after Computer Weekly first revealed problems in 2009 Continue Reading
News 21 Feb 2023

NetSuite and Oracle executives optimistic about economy

Oracle NetSuite’s recent SuiteConnect event in London found executives in optimistic mood about the economy and positive about synergies between the two businesses Continue Reading
News 21 Feb 2023

Average consumer spent more than £3,300 using contactless payments in 2022

The amount of money spent using contactless payment technology continues to rise as consumers take advantage of higher allowable spending limits Continue Reading
Feature 15 Feb 2023

Challenges and benefits of cloud for the finance department

Moving the finance function to the cloud can help companies. Learn about some of the benefits that can result from doing so, as well as potential challenges. Continue Reading
News 08 Feb 2023

CDO interview: Very’s Steve Pimblett on finding UB40

The chief data officer of online retailer Very, Steve Pimblett, explains the place of data cataloguing in its data strategy, both for governance and innovation Continue Reading
News 07 Feb 2023

‘Profound’ digital pound decision faces policymakers

The UK Treasury has launched a consultation paper to help lay the foundations for a ‘profound decision’ over a digital currency Continue Reading
News 07 Feb 2023

TSB pilots pods as branch replacements

TSB joins Barclays in adopting banking pods to ensure customers have access to physical banking services as the number of high street branches declines Continue Reading
News 01 Feb 2023

PayPal slashes 2,000 jobs in face of tough economic outlook

Fintech giant making thousands of redundancies as global economic outlook remains poor Continue Reading
News 31 Jan 2023

Crédit Agricole tests quantum in finance

The corporate and investment bank has run experiments with Pasqal and Multiverse to demo quantum computing in finance Continue Reading
News 27 Jan 2023

SAP 2022: 11% revenue growth, 2.5% staff targeted by restructure

SAP has announced full-year 2022 revenue of nearly €31bn, up 11% year on year. In 2023, it will explore a sell-off of Qualtrics stake and do a restructure, with an impact on 2.5% of staff Continue Reading
News 26 Jan 2023

Final months of 2022 saw highest ever number of bank account switches

More people than ever before switched their current account provider using the government’s switching service Continue Reading
News 24 Jan 2023

SMEs keen on embedded finance, but more choice needed to increase take-up

Suppliers to small and medium-sized enterprises need to offer more choice when embedding financial products in their services if take-up is to increase Continue Reading
News 18 Jan 2023

Advisory board goal for Post Office scandal victims to be returned to rightful financial position

The board set up to monitor the compensation scheme for Post Office scandal victims agrees goal of returning them to the financial position they would be in had the scandal never happened Continue Reading
News 17 Jan 2023

UK fintech payments unicorn cuts back as Covid-19 boost wears off

Payments infrastructure firm Paddle downsizes as Covid-19-generated business boost runs out of steam Continue Reading
News 15 Jan 2023

Thai enterprises spend more on software amid growing digitalisation

The majority of software spending in Thailand during the first half of 2022 went into applications followed by infrastructure software and development tools, according to IDC Continue Reading
News 12 Jan 2023

How Indian banks can drive automation in corporate banking

Banks should prioritise their processes for automation based on the level of human intervention, understand their processes thoroughly and put employees at the centre of their automation efforts Continue Reading
News 11 Jan 2023

SMEs eye moving business to challenger bank

Known for their consumer banking success, challenger banks are now winning over hearts and minds in the small business sector Continue Reading
News 10 Jan 2023

Latest Innovate Finance report reveals decrease in UK fintech investment, but like-for-like increase

Innovate Finance’s latest figures on fintech investment show reduction in UK, but report methodology leaves this open to change Continue Reading
News 10 Jan 2023

Belfast Harbour sails out with Oracle cloud applications

Belfast Harbour spies a more efficient and flexible future on the horizon as it sets sail with Oracle Fusion Cloud ERP Continue Reading
News 10 Jan 2023

Former subpostmaster Alan Bates, who ‘pulled up trees and moved mountains’, turns down OBE offer

Alan Bates, who fought for decades to expose the Post Office Horizon IT scandal, says it would be inappropriate to accept an OBE when former Post Office CEO Paula Vennells still holds her CBE Continue Reading
News 04 Jan 2023

Traditional banking under threat from platform-based alternatives

Banking as a service embedded in non-banking business offerings will take large chunks from traditional banks Continue Reading
News 30 Dec 2022

Top 10 business applications stories of 2022

As the Covid crisis gave way to the energy crisis and economic turmoil, enterprise software suppliers have urged customers to step up modernisation and evince more empathy for employees Continue Reading
News 20 Dec 2022

TSB hit with huge fine after IT migration disaster

TSB has been fined nearly £50m due to failings during its IT migration catastrophe Continue Reading
E-Zine 20 Dec 2022

The Post Office IT scandal – cock-up or cover-up?

In this week’s Computer Weekly, the second phase of the Post Office IT scandal inquiry revealed further shocking details at every turn – we review the latest evidence. We examine progress of the roll-out of fast broadband connectivity across the UK. And as the Online Safety Bill returns to Parliament, we look at the ongoing arguments about how to keep the internet safe. Read the issue now. Continue Reading
News 14 Dec 2022

Criminal Cases Review Commission calls on more convicted subpostmasters to come forward

The Criminal Cases Review Commission wants more former subpostmasters to come forward if they think they were prosecuted by the Post Office based on data from the error-prone Horizon computer system Continue Reading
News 07 Dec 2022

Post Office scandal – “cock-up or cook-up”?

The second phase of the Post Office Horizon IT scandal raised more questions over who did what, when and where, with shocking revelations at every turn Continue Reading
News 07 Dec 2022

Vingroup to run SAP systems on Google Cloud

The Vietnam conglomerate and EV maker is planning to migrate all its SAP systems to Google Cloud in a move that is expected to reap cost savings and improve product quality Continue Reading
News 02 Dec 2022

Post Office boosted its ‘coffers’ as Horizon system threw up unexplained shortfalls, inquiry told

The Post Office was ‘keen’ to make subpostmasters cover unexplained accounting shortfall as its business struggled, public inquiry hears Continue Reading
News 25 Nov 2022

Fujitsu put pressure on UK government to sign off troubled Horizon project, public inquiry hears

Telegram from British Embassy in Tokyo to UK government reveals pressure on ministers to sign off controversial contract Continue Reading
News 23 Nov 2022

Oracle’s Steve Miranda on the value of turning inside out

In a Q&A with Computer Weekly at Oracle Open World, applications head Steve Miranda discussed the supplier’s opening out and its intensification of an industry cloud approach, signally with healthcare Continue Reading
News 18 Nov 2022

Post Office scandal inquiry’s expert IT witness ‘troubled’ by his findings

Controversial Post Office Horizon system lacked the integrity required to trust accounting data and contained ‘joke’ coding akin to an ‘overly engineered mousetrap’, inquiry told Continue Reading
News 15 Nov 2022

Post Office changed view of Horizon problems before roll-out, because of a ‘sunk cost fallacy’

Insider tells public inquiry that the Post Office continued to roll out the controversial Horizon system despite a ‘considerable’ number of errors, because it was too committed Continue Reading
Feature 08 Nov 2022

NetSuite hits high note with School of Rock

Over the past five years, School of Rock has grown rapidly, which has also meant much more complexity to deal with. We see how the school has deployed leading business automation technology to stay in tune Continue Reading
Feature 07 Nov 2022

Why automating finance is just an integration game

We look at how the software that powers finance departments can help businesses navigate the worsening economic climate Continue Reading
News 03 Nov 2022

Russia risks shortage of PCs and software

Russian consumers and businesses could face a shortage of IT equipment including PCs and software Continue Reading
News 02 Nov 2022

Game of ‘hardball’ in Horizon negotiations left subpostmasters exposed to tragedy

‘Hardball’ negotiations between the government, the Post Office and ICL meant subpostmasters were ignored and thrown into a tragedy that could have been averted Continue Reading
E-Zine 01 Nov 2022

How the pandemic accelerated tech adoption in hospitality

In this week’s Computer Weekly, we look at how the hospitality sector is turning to technology to rebuild after it was devastated by the pandemic. Google’s cloud business is growing but remains well behind the market leaders – what does its future look like? And we look at the benefits of AIOps for storage. Read the issue now. Continue Reading
Feature 31 Oct 2022

The tech helping organisations manage their finances

With a worsening economic climate, software has an important role in helping finance departments control budgets and spending Continue Reading
Tip 25 Oct 2022

How financial institutions can streamline compliance with AI

AI systems help make compliance processes more efficient and effective for financial institutions. Automation can reduce problems like human error and regulatory breaches. Continue Reading
E-Zine 25 Oct 2022

The Most Influential Women in UK Technology 2022

In this week’s Computer Weekly, we reveal our annual list of the 50 Most Influential Women in UK Technology. We talk to the No.1 on the list, Flavilla Fongang, about how to improve diversity and inclusion in the sector. And we introduce our seven rising stars – the future female leaders of UK IT. Read the issue now. Continue Reading
Feature 20 Oct 2022

What do the US’s new software security rules mean for UK organisations?

The White House announced recently that all software supplied to the US government and its agencies needs to be secure, so what does this mean for the UK and EU security sectors? Continue Reading
News 18 Oct 2022

Subpostmaster federation failed its members when they needed it most

A dereliction of duty saw subpostmaster federation ignore its members when IT problems hit and allowed the Post Office destroy their lives Continue Reading
News 04 Oct 2022

Next phase of open banking already gathering pace

Open banking has had a major impact on the banking industry as finance forms harness data to provide better services, but the next phase of open finance promises even more Continue Reading
News 03 Oct 2022

Security regulation cuts online payment fraud at 73% of retailers

New online payments security standard, Strong Customer Authentication (SCA), sees immediate fall in fraudulent payments to retailers Continue Reading
News 29 Sep 2022

Cost-of-living crisis could spur fintech adoption

The cost-of-living crisis could have a similar impact on fintech and digital banking as the Covid-19 pandemic did, inducing further innovation in the fintech sector Continue Reading
News 27 Sep 2022

Robo investment platform adopts open banking-based payments

Nordic consumer investment fintech simplifies customer experience through open banking software from Mastercard-owned Aiia Continue Reading
News 23 Sep 2022

Copenhagen Fintech connects its members to the world

Copenhagen-based startup initiative is driving fintech developments across the Nordic region, with Mastercard its latest global partner Continue Reading
News 23 Sep 2022

Post Office scandal inquiry chair intervenes in slow compensation progress

Chair of statutory public inquiry into the Post Office Horizon scandal has aired his disappointment over the slow progress in making interim payments to victims Continue Reading
News 23 Sep 2022

Mini-Budget 2022: HMRC tells firms to update payroll software ahead of November NI tax cut

HMRC is urging employers to ensure their payroll software systems are updated now, before the reversal of the previous government’s National Insurance tax hike kicks in Continue Reading
News 14 Sep 2022

US to see huge increase in embedded finance transactions

Retailers and other non-financial businesses are increasingly offering their customers financial services, such as credit and payment options Continue Reading
News 13 Sep 2022

JP Morgan acquires fintech for payments modernisation

JP Morgan acquires cloud-native payments technology as it modernises its IT infrastructure Continue Reading
E-Zine 13 Sep 2022

Source responsibly: Tech sector efforts to root out forced labour are failing

In this week’s Computer Weekly, we analyse the technology industry’s failure to extirpate forced labour and slavery from its supply chains. We find out how cyber security firm Okta is rebuilding customer trust after a major security incident. And we discover how Caterpillar is modernising its data management to offer better customer service. Read the issue now. Continue Reading
News 12 Sep 2022

Mistakenly transferred $504m to be returned to Citigroup

Judge rules that creditors should return $504m that was accidentally transferred to them by Citigroup Continue Reading
News 12 Sep 2022

Lloyd’s of London is digitally transforming through the front door

Centuries-old financial services organisation is transforming its complex IT infrastructure through digital data Continue Reading
E-Zine 09 Sep 2022

CW Europe: Why Russia could become the world’s biggest market for illegal IT

Faced with international sanctions and the departure of many global IT suppliers from Russia, companies there are seeking alternative, and sometimes illegal, routes to access IT products. Also read how new requirements are driving scientists and engineers in Europe back to the lab to start developing 6G technology. Continue Reading
News 07 Sep 2022

Tech Nation Libra programme selects 35 scaleups for second cohort

The Libra 2.0 programme is designed to help underrepresented founders in the UK who are growing and seeking specific support for scaling up their business Continue Reading
News 02 Sep 2022

Interview: Sibstar, the fintech app for dementia sufferers

Creator of app and debit card designed to support people living with dementia tells Computer Weekly how the idea developed Continue Reading
News 02 Sep 2022

BBVA to add 2,000 software engineers to workforce this year

Spanish bank BBVA is boosting its IT department while its traditional workforce reduces amid digital transformation Continue Reading
News 01 Sep 2022

Police interview Horizon scandal victim in investigation into potential perjury by Fujitsu staff

The Met Police have interviewed a former subpostmaster as part of an investigation into potential perjury by former Fujitsu staff Continue Reading
Feature 29 Aug 2022

3 strategies for better finance-IT collaboration

Lack of communication between a company's finance and IT departments can cause problems with organizational goals and decisions. Learn how to improve finance-IT collaboration. Continue Reading
E-Zine 25 Aug 2022

CW Nordics: Norway struggles to keep up with demand for tech specialists

The growing importance of IT in all industries, along with a shortage in skills, make for an excellent high-tech job market for candidates in Norway. Read how recruiters are struggling to keep up with demand. Also read how the Danish government encourages research in strategic fields to attract tech companies. Continue Reading
News 04 Aug 2022

Financial Ombudsman Service mining for gold in cloud HR and finance

The Financial Ombudsman Service is reaping the benefits of the cloud-based human resources and finance system it implemented last year Continue Reading
News 03 Aug 2022

More than 60% of world population will use digital wallets by 2026

Global take-up of digital wallets will accelerate over the next four years, driven by ‘super apps’ and QR code-based payments Continue Reading
E-Zine 02 Aug 2022

How to create a datacentre capacity plan

In this week’s Computer Weekly, planning datacentre capacity is a growing challenge – we ask the experts for the latest best practice. Victims of the Post Office IT scandal explain why they think they were targeted for speaking out. And we look at the digital skills gap in retail and find out how employers can source talent. Read the issue now. Continue Reading
Podcast 29 Jul 2022

Green IT, nominate top tech women – Computer Weekly Downtime Upload podcast

Caroline Donnelly, Clare McDonald and Brian McKenna discuss the CW IT sustainability think-tank, the launch of the Most Influential Women in UK Technology 2022 list, and Lambeth Council in the cloud Continue Reading
News 26 Jul 2022

Post Office attacked subpostmasters who questioned Horizon, say victims

When the Post Office’s lie about the Horizon system failed to silence subpostmaster critics, it took more extreme measures, say victims of the scandal Continue Reading
News 26 Jul 2022

Lambeth maps future with cloud applications

With its funding dramatically cut, Lambeth Council has turned to cloud delivery of its business applications to have a simpler technology stack and be nimbler in delivering services to its 330,000 population Continue Reading
News 26 Jul 2022

Six more subpostmaster convictions overturned in Horizon scandal

More former subpostmasters have their wrongful convictions for theft and fraud overturned in the Court of Appeal Continue Reading
News 20 Jul 2022

Starling Bank withdraws application for licence in Ireland

App-based bank decides against completing its application for a banking licence in Ireland after concluding it did not offer enough value Continue Reading
News 13 Jul 2022

APAC organisations renew focus on ERP

Organisations in Asia-Pacific are looking to renew their enterprise resource planning systems as they emerge from the throes of the pandemic Continue Reading
News 12 Jul 2022

Is time running out for legacy payments technology used by banks?

The company bringing Google-like processing to core banking for banks has added the same proposition in payments Continue Reading
News 06 Jul 2022

Most APAC banks to spend more on cloud this year

More than nine in 10 banks across Asia-Pacific are increasing their cloud spending in 2022 after years of hesitation due to initial regulatory hurdles Continue Reading
News 30 Jun 2022

Subpostmaster campaigning forces government to set up compensation scheme and make interim payments

Subpostmaster campaign group is a step closer to achieving what it was originally set up to do as government launches compensation scheme for its members who did not receive fair payouts Continue Reading
News 30 Jun 2022

Independent scrutiny brought into compensation negotiations for wrongly prosecuted subpostmasters

Former Supreme Court judge will offer his view on the valuation of compensation for wrongly convicted subpostmasters Continue Reading
News 29 Jun 2022

Inside Bendigo and Adelaide Bank’s cloud journey

With a strong DevOps culture, Australian bank has been moving its most important applications to the cloud in a journey that has already reaped returns Continue Reading
News 27 Jun 2022

Manchester Airports Group taps Rise with SAP service to speed recovery

Manchester Airports Group, which includes London Stansted and East Midlands as well as Manchester, has chosen SAP’s Rise package, on AWS, as it seeks to ‘build back smarter’ post-pandemic Continue Reading