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
02 Jul 2024
Nordic banks pursue AI in battle with digital competitors
Traditional Nordic banks are raising their investments in artificial intelligence to help them retain market share in increasingly populated sector 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
27 Jun 2018
Nationwide Building Society to fund tech startups to the tune of £50m
With an available fund of £50m, Nationwide Building Society is the latest traditional financial services provider to support tech startups Continue Reading
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News
22 Jun 2018
IBM early findings on disastrous TSB core banking system migration released
Report released by Treasury Committee criticises lack of rigour in preparation for core banking system migration, but TSB says report’s content is out of date Continue Reading
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News
19 Jun 2018
Young generation tempted by Amazon bank-like services
Tech firms offering banking services will be inevitable in the future as more than half of young people are tempted by such a prospect Continue Reading
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E-Zine
14 Jun 2018
CW Europe: Lufthansa’s HR IT project takes off
Lufthansa says it is confident of landing a company-wide HR IT project after having to go back to the drawing board. Also in this issue, read about the ComputerWeekly/TechTarget IT Priorities survey’s findings that many European technology leaders are expecting to increase IT spending through 2018, and how a major report has reassured Swedish society that artificial intelligence will be a positive force for change despite fears of job losses. Continue Reading
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News
06 Jun 2018
Sapphire 2018: SAP will take over CRM market, says McDermott
SAP’s chief executive Bill McDermott tells 2018 Sapphire conference the supplier will storm the CRM market with its C/4 Hana business applications suite Continue Reading
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Blog Post
04 Jun 2018
Xero highlights the role of the modern software ecosystem
I recently caught up with Gary Turner, co-founder and managing of director of Xero. I was interested in meeting him as Xero has a reputation as the company that broke all the rules of ... Continue Reading
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News
04 Jun 2018
Subpostmasters told to expect decision on alleged unfair prosecutions in August
The Criminal Courts Review Commission is expected to announce the findings of an investigation into alleged unfair subpostmaster prosecutions in August Continue Reading
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News
01 Jun 2018
Visa card payments system goes down across the UK and Ireland
Millions of businesses across the UK and Ireland are unable to accept VIsa card payments because of a "service disruption" Continue Reading
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News
23 May 2018
Singapore to adopt European e-invoicing standard
The city-state is the first country outside Europe to embrace the Peppol e-invoicing standard to speed up business transactions and lower operating costs for SMEs Continue Reading
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Blog Post
22 May 2018
The UK fintech economy will create different pockets of excellence all over the country
London should not be seen as competition for fintechs in the North and they should not try to emulate London's fintech model Continue Reading
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News
22 May 2018
A third of people would buy insurance from Google or Amazon
Consumers are increasingly likely to buy insurance from tech giants as the insurtech industry hits the mainstream Continue Reading
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News
17 May 2018
Case study: British Airways’ global B2B sales gathered under Salesforce cloud
British Airways has gathered its international business-to-business sales under Salesforce Sales Cloud to bust silos Continue Reading
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News
16 May 2018
Nordic banks plan major digital transformation of operations
Banks in the Nordic region are set to accelerate their spending on technology as digital services take-up accelerates Continue Reading
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Blog Post
15 May 2018
Higher interest rates would tempt me even though TSB has just had an IT disaster
I would be tempted to move to a bank that offered higher interest rates even though it had just had an IT disaster Continue Reading
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News
15 May 2018
TSB refused help from Lloyds as IT meltdown began
TSB turned down an offer of help from Lloyds Banking Group as the migration of customers accounts to its new banking system went wrong Continue Reading
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News
15 May 2018
Santander latest traditional player to open digital bank
Santander is the latest traditional bank to follow an industry trend and develop a digital banking unit Continue Reading
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News
14 May 2018
HSBC blockchain trial proves trade finance utility model
HSBC and ING used blockchain to successfully complete a real-world trade financing transaction as part of a pilot Continue Reading
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News
11 May 2018
Virgin Trains on using AI and virtual reality to boost customer experience
Speaking at the Knowledge 18 ServiceNow conference in Las Vegas, Virgin Trains outlined the potential role immersive and data-driven technologies can play in improving customer experience Continue Reading
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Opinion
11 May 2018
Building a tech future between the UK and India
A new tech partnership between the UK and India will benefit the digital economy in both countries, says secretary of state for digital, culture, media and sport Matt Hancock Continue Reading
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E-Zine
10 May 2018
CW Benelux: Rotterdam charts course to become world’s smartest port
The Port of Rotterdam in the Netherlands is using internet of things and artificial intelligence technology from IBM in a bid to become the world’s smartest port. Also read how companies in the Netherlands are only partly ready for the country’s version of the EU’s General Data Protection Regulation (GDPR), and why the European Central Bank thinks cash will remain in use in the Eurozone for a very long time. Continue Reading
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News
09 May 2018
NatWest fintech investments bear fruit as SME loans platform goes live
Online lending platform enables small businesses to apply for loans of up to £150,000 in 10 minutes Continue Reading
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News
09 May 2018
HSBC launches open banking app
In line with open banking regulation, HSBC has launched an app that enables users to see accounts from 21 different banks in one place Continue Reading
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News
08 May 2018
TSB offers interest rate sweetener as IT issues continue at the bank
TSB is offering customers higher interest rate to go towards making up for the problems its core banking system migration caused customers Continue Reading
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News
02 May 2018
Workday to continue investing heavily in APAC
Cloud applications supplier has increased its investments in the region by more than 50% in the past year, and is looking to maintain its double-digit growth in international markets Continue Reading
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E-Zine
01 May 2018
Making music with AI
In this week’s Computer Weekly, we look at how artificial intelligence is being used in the creative industries such as music and books, and ask whether AI can ever replace human creativity. TSB’s IT meltdown is symptomatic of the tech challenges facing UK banks – we examine the issues. And our latest buyer’s guide analyses the trends in big data. Read the issue now. Continue Reading
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Blog Post
01 May 2018
Could Agile and DevOps be to blame for banking IT failures?
Is the use of Agile and Devops partly to blame fir the increasing number of IT failures at banks on recent years and is there anther way? Continue Reading
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Blog Post
30 Apr 2018
Fintech professional’s tech predictions: 6– Banks to sell more unbranded services to websites
Banks are taking their brand names off the high street and might increasingly do so for services they offer to ecommerce companies Continue Reading
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Blog Post
27 Apr 2018
How machine learning is used to detect fraud
One of machine learning’s most well-known use cases is fraud detection, an area that has drawn the attention of a growing number of technology suppliers looking to develop the best algorithms and ... Continue Reading
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News
26 Apr 2018
British banks target Israeli security technology
British banks are turning to Israel’s high-tech sector to protect against cyber attacks Continue Reading
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News
26 Apr 2018
TSB banking service tech problems continue
TSB customers are still experiencing problems using online and mobile banking services after almost a week of disruption Continue Reading
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Blog Post
26 Apr 2018
TSB chaos: When choosing bank people should look at core banking platform and not just funky apps
If customers don't want to suffer glitches in their banking service they should ask about complexities of a bank's IT systems before selecting where to out their money Continue Reading
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Blog Post
25 Apr 2018
About one million NatWest bank customers to move to RBS digital bank
More details of RBS's digital bank revealed Continue Reading
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Blog Post
25 Apr 2018
Human error to blame for Ulster bank glitch, but computer seen fleeing scene of crime.
Human error to blame for problems at Ulster bank but a computer was involved Continue Reading
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News
25 Apr 2018
TSB IT meltdown has the makings of an epic
TSB’s very public IT problems will send shivers down the spine of IT teams at large banks that are yet to migrate to new core banking systems Continue Reading
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News
24 Apr 2018
Criminal Courts Review Commission findings in Post Office computer case raise further enquiries
The Criminal Courts Review Commission forensic examination of the IT system at the centre of a legal case against the Post Office has raised further questions Continue Reading
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News
24 Apr 2018
SAP Q1 2018: Cloud revenue breaks €1bn, 400 more S/4 customers
SAP’s overall first-quarter revenue was flat, but cloud revenue and profitability were up, while its S/4 Hana customer base stands at 8,300 Continue Reading
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News
23 Apr 2018
The dawn of open banking in Australia
Financial services firms will need to embrace DevOps and modernise their IT infrastructure to compete with more nimble fintech companies in an open banking regime Continue Reading
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Blog Post
23 Apr 2018
TSB IT system chaos as bank cuts rope from Lloyds systems
TSB customers have experiienced serious proiblems as the bank migrates to its new core banking platform Continue Reading
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Opinion
19 Apr 2018
Blockchain: Paving the way for broad adoption
The foundations have been laid for organisations to begin standardising on the technology, talent and platforms that will drive future blockchain initiatives Continue Reading
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News
17 Apr 2018
Artificial intelligence will help Metro Bank customers manage their money
Service will use AI and predictive analytics to provide personalised prompts to help customers control their spending Continue Reading
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News
17 Apr 2018
Norway’s tax administration combats economic crime through IT
Authority has updated its IT system to step up the fight against tax evasion Continue Reading
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News
16 Apr 2018
Santander uses Ripple technology to offer international payments
Santander has launched an international fund transfer service for retail customers in the UK about two years after it started testing the blockchain-based application Continue Reading
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E-Zine
12 Apr 2018
CW Middle East: UAE makes artificial intelligence leap
The United Arab Emirates wants to be at the heart of the artificial intelligence (AI) revolution and is already testing its mettle as a global tech advocate and innovator. Also in this issue, read how Abu Dhabi is open to developing its fintech ecosystem, with the next 12 months expected to see more focus on the sector, and how Dubai’s transport authority has enlisted Here Technologies to build a high-definition map of the city to support its goals around self-driving cars. Continue Reading
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Blog Post
10 Apr 2018
AI will cut huge chunks out of banking compliance workforce and London high streets might die
What will happen to London's high streets when robots replace the people that buy all the flat whites? Continue Reading
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News
10 Apr 2018
PayPal is latest tech giant to eye traditional banking
PayPal set to launch launch traditional retail banking services in the first half of this year Continue Reading
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News
09 Apr 2018
HSBC adopts fintech to fight money laundering
HSBC is using technology from a fintech startup to help it monitor transactions for potential money laundering Continue Reading
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News
09 Apr 2018
Dubai's gamble on bitcoin property sales
Dubai is pioneering the use of bitcoin in the real world, with the property sector leading the way Continue Reading
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News
06 Apr 2018
UK challenger bank gives up banking licence to focus on fintech
CivilisedBank plans to serve small and medium-sized enterprises with savings and investment products Continue Reading
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News
05 Apr 2018
Deutsche Bank system replacement already paying back
Deutsche bank is replacing a complex IT infrastructure that helps its traders operate and automates regulatory compliance processes Continue Reading
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Feature
05 Apr 2018
Silicon Valley startups pitch in to the remaking of corporate IT
Enterprise IT is being remade by DevOps, cloud, containerisation and the incursion of AI. We look at one group of Silicon Valley-based suppliers attacking different vectors of new model IT Continue Reading
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Feature
26 Mar 2018
How to make the leap from traditional bank to digital bank
To compete effectively in an increasingly digital financial landscape, conventional banks need to build greater efficiency, value and trust through technology Continue Reading
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News
22 Mar 2018
Colt pioneers blockchain in telco voice wholesaling
Colt Technology Services and Hong Kong Telecom’s international unit PCCW Global teamed up to trial the use of blockchain in wholesale voice settlements Continue Reading
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News
22 Mar 2018
Fintechs weigh up their partnership options
Fintechs need to consider what type of companies they should work with to make the most of open banking regulations Continue Reading
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News
22 Mar 2018
What would coders do in ethical grey areas?
Software developers are writing code that affects the lives of millions of people and how businesses are run, but what do coders think about some of the ethical questions they face? Continue Reading
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News
21 Mar 2018
RBS said to be setting up its own digital bank
Royal Bank of Scotland is reportedly setting up a standalone digital bank to take advantage of changing customer habits Continue Reading
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Blog Post
20 Mar 2018
Innovate Finance Global Summit gets fintech ready for adulthood
Fintech is coming of age and faces all the challenges that growing up entails Continue Reading
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E-Zine
20 Mar 2018
Where neuroscience meets technology
In this week’s Computer Weekly, we find out how computer scientists are using data, cloud and virtual reality to understand the brain and improve mental wellbeing. We analyse newly published government documents detailing the early problems with the Universal Credit IT project. And we look at how emerging artificial intelligence techniques can help improve cyber security. Read the issue now. Continue Reading
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News
19 Mar 2018
First Direct enables customers to pay by Siri
Customers of online bank First Direct can now use voice commands to transfer money through Apple’s digital assistant Continue Reading
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Blog Post
14 Mar 2018
Is paying for a bus using cryptocurrency really that shocking?
Is it that shocking that people will be paying for buses using cryptocurrency within seven years? Continue Reading
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Opinion
14 Mar 2018
How to make the most of your SAP licences
There is no point in paying for something you never use – or worse, using the wrong licence. Doing the bare minimum for SAP licence management is not enough Continue Reading
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News
14 Mar 2018
Most people think cryptocurrency will be accepted on buses by 2025
Cryptocurrency is a mystery to many people, yet 55% of respondents to a survey expect shops and buses to accept digital money in seven years’ time Continue Reading
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Feature
12 Mar 2018
Have traditional banks weathered the fintech challenge?
How will the financial technology-based challenger banks evolve as the traditional retail banking industry ups its digital game? Continue Reading
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News
09 Mar 2018
Amazon bank could have 70 million customers in five years
Amazon could have more banking customers in the US than the UK has citizens within five years Continue Reading
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News
08 Mar 2018
EC reveals plan to make Europe global fintech hub
The European Commission has unveiled proposals to boost the EU’s financial technology sector Continue Reading
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E-Zine
08 Mar 2018
CW Europe: Germany’s Lemoncat takes catering to the cloud
Business catering startup Lemoncat has taken advantage of the affordable cost of living in Berlin and is shaking up the catering sector by harnessing the Amazon and Salesforce clouds. Also in this issue, read how Moscow’s government is taking advantage of high penetration of broadband and mobile internet to expand innovative services under the Russian capital’s smart city programme, and how organisations in the Netherlands still have much to do to comply with the General Data Protection Regulation. Continue Reading
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News
07 Mar 2018
World Economic Forum creates fintech focus group for cyber security
WEF consortium of companies will focus on protecting financial technology firms from cyber threats Continue Reading
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News
05 Mar 2018
How to improve SAP ROI with smart licensing
A recent study suggested most SAP projects have a 50% chance of failure. The risk of having incorrect SAP licensing could be far higher Continue Reading
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News
01 Mar 2018
Are mobile wallets about to make contactless cards look outdated?
Mobile wallets look set to take root as consumers increasingly use their mobile phones to pay for goods and services Continue Reading
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Blog Post
28 Feb 2018
Post 2008 early challenger banks are now the challenged
Virgin Money was one of the earlier challengers to traditional banks and is now creating a digital bank to keep up with the times Continue Reading
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News
28 Feb 2018
Virgin Money launches digital bank
Virgin Money is setting up a digital bank to expand into the current account and SME business account markets Continue Reading
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News
26 Feb 2018
NatWest opens four UK fintech hubs
NatWest has expanded its financial technology support programme at a time when entrepreneurs are more apprehensive than ever Continue Reading
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News
23 Feb 2018
RBS’s first profit in a decade accompanied by major first for mobile channel
News of its first profit in 10 years might overshadow a major first for the Royal Bank of Scotland’s mobile channel Continue Reading
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E-Zine
22 Feb 2018
CW Nordics: Nordics CIOs’ priorities in 2018
A select group of CIOs and analysts in Denmark, Finland, Norway and Sweden give their views on the top IT priorities in 2018. As in 2017, digital transformation will continue to be a buzzword. Also read how Sweden is tightening up its cyber security defences as part of a wider national security strategy, and how Nordic banks cannot afford to slow their digital transformations as PSD2 comes into force. Continue Reading
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News
21 Feb 2018
Lloyds Bank announces three-year digital transformation
Lloyds Bank has announced plans to transform how it serves customers through substantial digital investment Continue Reading
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News
20 Feb 2018
UK finance regulator collaborates with US counterpart on fintech
The FCA is working with a US finance regulator to support financial technology companies on both sides of the Atlantic Continue Reading
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News
19 Feb 2018
Lauri Love can stay in UK: prosecutors will not appeal extradition ruling
Crown Prosecution Service gives undertaking to Lauri Love that it will not appeal against a court decision not to extradite him to the US – but prosecutors are seeking leave to appeal over part of the court ruling on extradition procedure Continue Reading
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News
14 Feb 2018
Technology spend growing at expense of trader salaries
Investment firms are spending a larger proportion of their budgets on software as data and artificial intelligence technology is seen to provide a competitive advantage Continue Reading
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News
14 Feb 2018
Australia’s national payment system will ease peer-to-peer payments
New Payments Platform is expected to accelerate the decline of cash and cheques in Australia, as well as simplify invoicing for businesses through overlay services Continue Reading
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News
13 Feb 2018
London joins Citibank IT innovation network
Citibank has made London home to its latest IT innovation hub, which will focus on applying data science and high performance computing to the business Continue Reading
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Blog Post
13 Feb 2018
How worried about Brexit are fintech companies?
Fintech companies could be the hardest hit tech firms in the UK if there is no good deal with the EU after Brexit Continue Reading
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News
12 Feb 2018
APAC fintech market set to bloom
Government support, the rise of digital payments and a new breed of financial services will put the region’s financial technology market in overdrive over the next few years Continue Reading
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News
07 Feb 2018
Stay of execution for RBS branches and free devices for some customers
RBS is offering free training and devices to some customers in Scotland to help them eventually live without bank branches Continue Reading
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News
06 Feb 2018
Lloyds Bank cuts CIO workforce
Lloyds Banking Group is changing the skills make-up of its IT team to support demand for digital services Continue Reading
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Blog Post
05 Feb 2018
Buying cryptocurrency on credit is so risky Lloyds Banking Group won’t let customers do it
If you are a Lloyds Banking Group credit card holder that fancies a flutter on cryptocurrencies ,think again it's banned. Continue Reading
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News
31 Jan 2018
Swedish banks embrace rapidly evolving chatbots
Artificial intelligence is playing an increasingly important business role for Sweden’s banks – and chatbots are the starting point for many Continue Reading
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News
30 Jan 2018
SAP 2017 results: Cloud revenue nears €3.8bn, 7,900 S/4 Hana customers
SAP has declared full year 2017 revenue of €23.5bn, of which nearly €2.8bn was cloud, alongside acquisition of Callidus, a cloud-based “lead to money” service Continue Reading
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Blog Post
29 Jan 2018
Bank systems glitch leaves thousands unable to access funds, but bank doesn’t explain what happened
Monzo bank has broke the mould be giving customers a detailed explanation of what cause a glitch in their banking service Continue Reading
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Feature
25 Jan 2018
Scrutinize details when buying accounting software systems
Two resellers and a CPA offer tips on getting into the right mindset and conducting a rigorous process that pinpoints the account package that meets your current and future needs. Continue Reading
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News
25 Jan 2018
Robots are needed to manage the automation robots
The next decade will see robots transform from invisible forces obeying our commands to lifelike objects interacting with humans on a daily basis Continue Reading
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News
25 Jan 2018
Forensic investigation into Post Office IT system at centre of legal case nears completion
The investigation into the fairness of court cases brought against sub-postmasters is close to finishing its forensic examination of the IT system at the heart of the controversy Continue Reading
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News
23 Jan 2018
Mastercard sets biometric ID deadline for banks
Mastercard has committed to guaranteeing that every one of its customers will have access to biometric authentication services by April 2019 Continue Reading
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22 Jan 2018
Retail banking regulations hit UK with the potential of a ‘Big Bang’ moment
The UK retail banking sector is at the beginning of a journey towards to a more competitive future as new regulation hits them. Continue Reading
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News
22 Jan 2018
IT of world’s banks is moving on from crippling regulation
Banks need to invest more in fintech and IT skills as they emerge from years of stagnation Continue Reading
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News
18 Jan 2018
Nordic IT executive interview: Daniel Kjellén, CEO, Tink
Sweden could have a head start in the race to open up banking through the European Union’s PSD2 regulation Continue Reading
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News
18 Jan 2018
Demand for cloud services drives increase in IT outsourcing
Cloud services spending in Europe, the Middle East and Africa offset a drop in traditional IT outsourcing in 2017 Continue Reading
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News
16 Jan 2018
Financial savings just the beginning for CIOs who understand code quality
Businesses need to understand the quality of the code in their applications if they are to avoid unnecessary costs and glitches Continue Reading
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News
16 Jan 2018
Abu Dhabi continues fintech agenda in 2018
Abu Dhabi is open to developing its fintech ecosystem, with the next 12 months expected to see more focus on the sector Continue Reading
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News
11 Jan 2018
Retail banking regulations hit UK with the potential of a ‘Big Bang’ moment
The UK retail banking sector is at the beginning of a journey towards to a more competitive future as new regulation hits them Continue Reading
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Feature
10 Jan 2018
Inside DBS Bank’s digital journey
The Singapore-based bank laid the foundation for its digital strategy a decade ago, starting with an overhaul of its IT systems before going big on cloud computing in later years Continue Reading
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News
10 Jan 2018
Marks and Spencer eyes £30m annual cost savings from digital-first retail push
High-street retailer has fleshed out plans to put digital at the heart of its business to boost operational efficiency in response to changing consumer demands Continue Reading