Financial applications
Find news stories, analysis and case studies to help you best leverage financial applications to drive forward business and corporate strategies. Stay abreast of new financial applications developments, and get expert advice on how to evaluate corporate performance management (CPM) software, and manage corporate performance management systems. Learn how to best use software to improve financial management processes such as forecasting, planning and budgeting. And read about how to use financial analytics software to create performance dashboards to aid decision-making.
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News
11 Jun 2024
Cobol knowledge crisis threatens Dutch financial systems
Expertise in complex Cobol systems, critical to major financial institutions, is dwindling in The Netherlands, resulting in retired professionals returning work Continue Reading
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News
15 Jan 2024
Santander bank added 4,500 tech staff last year
Santander added thousands of IT staff to its global operation last year, as part of its digital transformation Continue Reading
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News
22 Nov 2016
Middle East bank to launch AI for customer support
Middle East bank Emirates NBD is piloting artificial intelligence to automate customer services Continue Reading
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News
17 Nov 2016
Dutch bank ING to spend millions ‘disrupting’ its own business
Dutch bank ING used digital technology to reinvent itself following the financial crash, and is about to reinvent itself again, says its global CTO, Brendan Donovan Continue Reading
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News
17 Nov 2016
Lending platform pioneer Zopa aims to become a UK bank
Zopa, the company that pioneered the peer-to-peer lending sector with its tech platform, looks to add more disruption to the retail banking market Continue Reading
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News
16 Nov 2016
UK almost bottom of OECD pile for ICT investment
The UK ranks low in terms of how much it invests in the ICT infrastructure as a proportion of GDP Continue Reading
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E-Zine
15 Nov 2016
Counting the cost of financial cyber crime
In this week’s Computer Weekly, the cyber security of banks is under scrutiny after an attack on Tesco Bank leads to millions lost in fraudulent transactions. Our latest buyer’s guide, on server operating systems, looks at the new features in Windows Server 2016. And Coca-Cola explains how a move to the cloud is helping motivate staff. Read the issue now. Continue Reading
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News
07 Nov 2016
Oracle consummates acquisition of NetSuite, eyes $1bn cloud revenue
$9.3bn acquisition is in line with Oracle’s avowed move to cloud as a delivery mode for its business applications Continue Reading
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News
01 Nov 2016
Insurers face same legacy system battle as retail banks
The biggest barrier to insurance companies adopting digital technology is their heavy reliance on legacy IT systems Continue Reading
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News
26 Oct 2016
Botched IT migration cost Vodafone customers thousands
Ofcom imposes multimillion-pound fine on mobile operator after an investigation uncovered multiple failings arising from a problematic IT systems migration Continue Reading
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News
25 Oct 2016
Insurers are joining fintech party
Insurers are held back from digital transformation by legacy systems, but insurance-focused IT startups offer them hope Continue Reading
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News
24 Oct 2016
UAE telco launches mobile wallet
Etisalat signs deal with technology company to offer its customers a mobile wallet service, as fintech expands in the Middle East Continue Reading
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News
18 Oct 2016
Abu Dhabi Securities Exchange uses blockchain for e-voting
Abu Dhabi Securities Exchange offers controlled access to the AGM information of listed companies through a blockchain-based service Continue Reading
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E-Zine
18 Oct 2016
Singapore aims to become a digital leader
In this week’s Computer Weekly, we find out how the city-state of Singapore is investing in skills and technology to become a leading digital nation – and what the UK could learn. We examine how to prevent legacy IT becoming a hindrance to digital transformation. And we look at the impact of controversial new tax rules on the UK’s IT contractor community. Read the issue now. Continue Reading
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News
28 Sep 2016
Mastercard woos software developers with API platform
Credit card company Mastercard is investing heavily in digital payments and wants to engage with developers and startups Continue Reading
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News
26 Sep 2016
Emirates Islamic bank and the Muslim finance revolution
The CIO at Dubai-based bank Emirates Islamic tells Computer Weekly how IT is supporting the company through industry change Continue Reading
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E-Zine
22 Sep 2016
Computer Weekly 50th anniversary special
It’s been 50 years since Computer Weekly's launch on 22 September 1966. To mark this achievement, we have compiled a special edition of the magazine to reflect on how much the British technology industry has contributed over that time – and, of course, to celebrate our role in keeping IT professionals in touch with those developments – week-in, week-out, for half a century. Read this 100-page anniversary special now. Continue Reading
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News
13 Sep 2016
Banks and fintech firms respect each other, says HSBC boss
The relationship between banks and fintech companies has sweetened over the past five years with mutual respect evident, says HSBC boss Continue Reading
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News
13 Sep 2016
DNB and Nordea to merge IT operations for Baltic super bank
Two of the Nordic region’s banks will use joint operations, including IT, to help them grow in the Baltic area Continue Reading
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News
08 Sep 2016
Bank IT spending to hit $241bn across four major global regions
IT spending across four major economic regions will increase by around 4% in 2016, but Europe is the least certain Continue Reading
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News
07 Sep 2016
Barclays uses blockchain for trade finance transactions
Barclays Bank has successfully tested the use of blockchain technology to complete a large trade finance agreement, which promises huge efficiencies Continue Reading
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News
05 Aug 2016
RBS abandons IT project for hiving off 300+ bank branches
RBS has abandoned a project to create an IT platform to support the sell-off of more than 300 bank branches Continue Reading
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News
04 Aug 2016
Singapore’s DBS Bank signs up to Amazon cloud
The latest move in the cloud journey of DBS bank in Singapore is an agreement with Amazon Web Services Continue Reading
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E-Zine
21 Jul 2016
CW Middle East: July-September 2016
In this issue of CW Middle East, we look at how CIOs in the region are formulating their virtualisation strategies as organisations warm to the benefits of cloud computing. Today, virtualisation in the Middle East has gone beyond a shoddy virtual private network (VPN) installed on a desktop, to more sophisticated cloud-based technologies that are enabling a more mobile, more agile workforce. Read the issue now. Continue Reading
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Opinion
12 Jul 2016
Was that it? Business as usual for fintechs after Brexit vote
Following the Brexit vote, Fintech Times editor Bird Lovegod describes how financial services IT startups are getting on with business as usual Continue Reading
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News
11 Jul 2016
Visa’s Dubai innovation centre to focus on digital payments
Visa has opened a technology innovation centre in Dubai to focus on cashless payments Continue Reading
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News
28 Jun 2016
Finland’s prisons move to a cashless world
Inmates in Finland’s prisons will no longer need to use cash as a pre-paid card system is rolled out Continue Reading
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Feature
28 Jun 2016
CW@50: Spreadsheets and ERP – 50 years of software coding business
Business software has been a rich field for IT professionals over the past five decades, and we are on the cusp of a new era of customers rolling their own for competitive advantage Continue Reading
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News
27 Jun 2016
Banking IT community faces uncertain Brexit future
The financial services IT community faces a period of uncertainty as finance firms reassess plans following the EU referendum result Continue Reading
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News
13 Jun 2016
Singapore banks adopt voice biometrics for user authentication
Banks in Singapore are rolling out biometric technology to improve customer services by speeding up the authentication process Continue Reading
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News
13 Jun 2016
Nordic CIO interview: Johnny Bröms, Swedish fast-food chain Max Burger
The CIO of Swedish fast-food chain tells Computer Weekly how digital technology is increasing sales and supporting expansion Continue Reading
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News
06 Jun 2016
‘Considerable risk’ if Post Office replaced Horizon system, says chairman
Post Office chairman Tim Parker says there would be ‘considerable risk’ associated with changing its Horizon computer system Continue Reading
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News
27 May 2016
Bristol Water outsources IT as business model transforms
Bristol Water outsources IT to Wipro to support it through a period of transformation to its operating model Continue Reading
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News
19 May 2016
ING Turkey uses digital technology to improve services and grow customer base
Turkish bank uses business process management technology to offer financial services through 1,500 grocery stores, technology outlets and post offices Continue Reading
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E-Zine
12 May 2016
CW Nordics: May 2016
The Nordics is seen as a pioneer of the latest IT. The populations of the region are keen to try out new IT services and it has a large population of IT startups creating them. In banking, for example, the region is pushing the tech boundaries. One of the most overt changes digital technology has brought to people’s lives is how they do their day-to-day banking. Most developed economies are seeing the same trends: bank branches closing; people using cashless payments; and mobile phones becoming the most popular banking tools. But the Nordics could be a pioneer. In this quarter’s issue of CW Nordics, we feature a debate about whether Sweden, the region’s biggest economy, could become the first country in the world to go cashless. Continue Reading
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News
09 May 2016
Post Office apologises as system goes down
The Post Office computer system failed on 9 May 2016, leaving sub-postmasters unable to open branches Continue Reading
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News
06 May 2016
Swedbank boosts customer service with a virtual assistant
Nuance Nina will offer basic frontline support for online customers Continue Reading
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E-Zine
06 May 2016
CW ANZ: May 2016
The Australian payments system is being transformed with mobile banking and programmable tap-to-pay terminals now ubiquitous and a major shake-up of the national payments system underway. It’s clear the country’s biggest banks aren’t afraid of innovation, with investments being made in the financial services digital development trend, known as fintech. But why are Australian banks afraid of Apple Pay, which has been mostly ignored by banks? Continue Reading
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News
15 Apr 2016
Capgemini to build 100-strong team of blockchain specialists
The IT services firm is building a team of 100 blockchain experts as banks start to consider the technology as the future of financial services Continue Reading
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News
12 Apr 2016
UK poised to lead global fintech sector, says Tech City chair Eileen Burbidge
Tech City chair and venture capital expert says the UK is in a position to become a world leader in financial services and sheds light on how cloud can provide failing firms with a stay of execution Continue Reading
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News
23 Mar 2016
Android Pay UK launch announced by Google
Google is entering the UK mobile phone payments market, with Android Pay expected to be available in months Continue Reading
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News
16 Mar 2016
Fintechs want to take one-third of traditional banks’ business
Banks know they could lose large chunks of business to fintech firms, but if the challengers have their way, it will be more than expected Continue Reading
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News
16 Mar 2016
Rolls-Royce cloud HR project will pay for itself in two years
HR IT director Mark Judd explains how engineering and aerospace firm swapped ageing ERP and spreadsheets for a company-wide core HR system Continue Reading
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News
16 Mar 2016
Atom Bank to offer artificial intelligence-based customer support
Digital bank is integrating AI into its mobile banking app for customers to access support Continue Reading
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News
16 Mar 2016
Oracle Q3 2016: cloud revenue grows, US currency strength takes toll
SaaS and PaaS combined contributed $583m in third quarter, up 57% in US dollar terms, while IaaS was down 2% in dollars to $152m Continue Reading
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E-Zine
15 Mar 2016
Robots at your service
In this week’s Computer Weekly, we find out how financial services firms are investing in artificial intelligence to create robo-advisors to help customers with financial advice online. We ask if virtual reality is ready for mainstream business adoption or is still just an over-hyped technology. And we examine the key steps needed to successfully build smart cities using internet of things and networking technologies. Read the issue now. Continue Reading
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News
25 Feb 2016
Payments regulator wants banks to sell stakes in Vocalink
The UK payments regulator wants banks to loosen their grip on the payments infrastructure by selling off some of their stake in it Continue Reading
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News
15 Feb 2016
Sweden’s NFT Ventures looks to Finland for fintech startups
Swedish startup fund that targets financial technology developers has expanded its reach into Finland Continue Reading
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News
10 Feb 2016
Insurance giant RSA announces another outsourcing deal
Insurance company RSA has penned its second major outsourcing contract in a week as it extends a BPO contract with Accenture Continue Reading
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News
08 Feb 2016
Post Office faces group litigation over Horizon IT as subpostmasters fund class action
Subpostmasters who claim to have been wrongly convicted of fraud take the Post Office to court after getting the funds for a group action Continue Reading
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News
05 Feb 2016
Visa opens up its technology to developers
Software developers at fintech companies and banks are to be given access to Visa’s technology Continue Reading
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News
26 Jan 2016
Could Sweden become the first cashless society?
Sweden is fast becoming a country where cash is on the periphery of payments, and some think it might be the first to become cashless Continue Reading
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News
20 Jan 2016
Mobile services helping banks retain customers and add revenue
Investments in mobile banking services are helping banks increase revenue and retain customers Continue Reading
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News
05 Jan 2016
HSBC suffers major online banking failure
HSBC customers unable to access online banking services as the UK bank suffers internal technical issue. Continue Reading
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News
24 Dec 2015
Top 10 financial services IT stories of 2015
The financial services industry is undergoing unprecedented change, driven by IT and regulation. Continue Reading
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News
18 Dec 2015
More than a quarter of Brits bank on mobile, but branches still popular
More and more people in the UK are banking on their smartphones, but more than a third still visit branches regularly Continue Reading
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News
09 Dec 2015
Volvo finance department expands system support beyond Sweden
Volvo Group Treasury has extended an outsourcing agreement with Virtusa to give it the same support response times worldwide Continue Reading
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News
03 Dec 2015
Workday ringfences support in Europe after Safe Harbour ruled unsafe
US cloud HR and financial services provider reponds to Safe Harbour failure by ringfencing European data Continue Reading
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News
20 Nov 2015
Group litigation against Post Office being prepared in Horizon dispute
Subpostmasters who believe they have been wrongly punished for misaccounting or theft due to flawed computer system prepare group legal action against Post Office Continue Reading
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News
18 Nov 2015
Post Office IT support email reveals known Horizon flaw
An email from Post Office IT support reveals a problem with the Horizon system and supporting processes that could lead to accounting errors Continue Reading
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News
17 Nov 2015
Deutsche Bank signs India’s HCL Technologies for digital services and systems integration
Deutsche Bank is expanding its long-established relationship with IT services supplier HCL Technologies as it forges on with its digital transformation Continue Reading
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News
26 Oct 2015
Oracle OpenWorld 2015: Larry Ellison vaunts Oracle’s cloud services over rivals
Larry Ellison promoted his company’s cloud services and berated rivals in his opening keynote at Oracle OpenWorld 2015 Continue Reading
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News
26 Oct 2015
Transforming Singapore Post through modern technology
When Singapore Post realised it had to change its business model to survive, it appointed its first CIO to front the technology transformation Continue Reading
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E-Zine
26 Oct 2015
Blockchain sparks change in banking industry
In this week's Computer Weekly, we find out why blockchain, the technology that underpins bitcoin, is making waves in the banking sector. EasyJet tells us why digital is increasingly important for airlines. And we look at the forces driving digital disruption and why some sectors are changing faster than others. Read the issue now. Continue Reading
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Feature
21 Oct 2015
Is digital disruption a threat or an opportunity for banks?
Banks have been relatively unaffected by the digital revolution that has transformed other industries – but that's about to change Continue Reading
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News
21 Oct 2015
James Arbuthnot takes Post Office IT fight to House of Lords
James Arbuthnot takes his seat in the House of Lords and continues campaign for subpostmasters who claim to have been wronged by faulty Horizon IT system Continue Reading
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News
19 Oct 2015
Opera chooses Workday over Oracle as it moves HR to cloud
Browser company Opera opts for slick internal IT as it competes with Apple and Google for skilled technologists Continue Reading
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News
15 Oct 2015
Why blockchain heralds a rethink of the entire banking industry
Blockchain, the distributed ledger technology behind bitcoin, is both a threat and an opportunity for financial services – and the banks are taking it very seriously Continue Reading
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News
05 Oct 2015
Workday seeks growth, not profit, as it expands in Europe
Cloud services company Workday is setting its sights on growth as it expands from cloud HR, to finance, learning and analytics Continue Reading
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News
29 Sep 2015
Nationwide Building Society deploys artificial intelligence to reduce back-end complexity
Nationwide Building Society is using artificial intelligence to help it reduce the complexity of its back-end systems as it introduces more digital products Continue Reading
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News
24 Sep 2015
Nordea Bank signs Temenos and Accenture for core banking transformation
Nordea Bank AB has chosen the core banking system it wants to build its digital future on, signing Temenos and Accenture as technology partners Continue Reading
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News
03 Sep 2015
Al Rayan Bank finds business agility in cloud applications
Al Rayan Bank believes its investment in cloud applications gives it an edge in business agility Continue Reading
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Feature
03 Sep 2015
Why Pegasystems' CEO, Alan Trefler, has learned to think smaller
Pegasystems has made its name supplying CRM, analytics and case management software to the world's largest companies. Now CEO Alan Trefler plans to use cloud computing to broaden Pega's appeal Continue Reading
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News
11 Aug 2015
Small IT firms most susceptible to going under due to late payments
Small businesses, particularly those supplying IT, should look at alternative financing models as late payments put them at risk of closure Continue Reading
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News
05 Aug 2015
Sage Summit 2015: The move to cloud technology and the death of ERP
Accountancy software firm Sage has released new cloud-based software, highlighting the gap between the use of cloud and on-premise in the workplace and declaring a move away from traditional ERP Continue Reading
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Feature
03 Aug 2015
Digital transformation needs business leaders to develop new skills
A panel of experts discuss the capabilities business leaders and corporate IT need to develop for digital Continue Reading
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News
23 Jul 2015
Software project will save Ford tens of millions a year in car repair bills
Car maker Ford is rolling out sophisticated warranty software to 12,000 dealers worldwide in a project that is expected to bring rapid financial returns Continue Reading
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News
15 Jul 2015
The obstacles to software-as-a-service adoption in banking
Security tops the reasons why banks don't use software as a service for banking-specific applications Continue Reading
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News
07 Jul 2015
Manchester City group joins forces with SAP to further global goals
The City Football Group, which includes Manchester City, has teamed up with SAP to further its global development goals Continue Reading
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News
07 Jul 2015
Campaigners call for independent inquiry into Post Office Horizon IT system dispute
George Freeman MP repeats Post Office claims that a report found no flaws in the Horizon IT system – but campaigners respond by calling for an inquiry Continue Reading
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News
30 Jun 2015
Top suppliers as UK software and services market approaches £50bn
The top five software and IT services firms in the UK are Capita, HP, IBM, Capgemini and Accenture, according to the latest figures from TechMarketView Continue Reading
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News
30 Jun 2015
Post Office looking to replace controversial Horizon system with IBM, says MP
Days could be numbered for controversial Post Office computer system at the centre of miscarriages of justice, according to one MP Continue Reading
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News
26 Jun 2015
Norway’s DNB was inspired by Danish bank for new app
DNB in Norway has taken inspiration from Danske Bank in Denmark when creating its latest payment app. Continue Reading
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News
23 Jun 2015
Pharmaceutical companies use BPM to cut cost of clinical trial drugs
Pharmaceutical companies have developed an IT system to secure the supply of medicines they need for clinical studies, saving hundreds of thousands on their drugs bill in the process Continue Reading
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News
19 Jun 2015
Legacy systems holding back 90% of businesses
Most businesses are being held back from making digital advances by their reliance on legacy applications Continue Reading
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News
17 Jun 2015
Royal Bank of Scotland goes back to 1970s values with big data
RBS, once the world's largest bank, is using analytics technology to go back to the era of personal customer service Continue Reading
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News
20 May 2015
IT system related to subpostmaster prosecutions under review by CCRC
The Criminal Cases Review Commission receives 20 applications from subpostmasters related to prosecutions for account shortfalls Continue Reading
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News
12 May 2015
Global banking IT group completes standardised IT architecture
The Banking Industry Architecture Network (Bian) has announced its standardised global IT architecture for banks Continue Reading
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News
08 May 2015
Use of Halifax mobile banking app doubles
Halifax customers logged into their bank accounts 40 million times in March 2015, double the amount in the same month in 2014 Continue Reading
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News
06 May 2015
EU revamp of payment services draws nearer
The EU cannot afford to continue with costly payment services if it wants to be globally competitive, says MEP Continue Reading
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News
05 May 2015
Sapphire 2015: McDermott declares SAP natively digital
SAP CEO Bill McDermott declares the company “digital” at Sapphire 2015 and made “empathy” the watchword of his keynote Continue Reading
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News
29 Apr 2015
Criminal Courts Review Commission set to review subpostmasters' claims of wrongful prosecution
The Criminal Courts Review Commission (CCRC) reviews subpostmasters' claims of wrongful prosecution by the Post Office due to IT problems Continue Reading
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News
24 Apr 2015
Poor customer engagement at banks opens door to competitors
Customer experience levels at banks have failed to improve for the second year in a row and customers are more likely than ever to leave their bank Continue Reading
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News
24 Apr 2015
Changing IT trends power banking in Norway
Norway's banking system is undergoing a seismic shift in technology as the country aims for a fully digitised society Continue Reading
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News
21 Apr 2015
SAP core banking platform will ease Deutsche Bank split following strategic retail review
Deutsche Bank plans a major IT project as strategic review advises spinning off its retail operations – but its SAP platform will ease the split Continue Reading
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News
20 Apr 2015
Post Office failed to investigate account shortfalls before legal action, report claims
Post Office too quick to take legal action against subpostmasters, finds independent report Continue Reading
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News
14 Apr 2015
Lintel bank steers clear of traditional bank IT development
Lintel Bank applies for a UK banking licence and plans to join a growing number of new banks taking on the high street incumbents Continue Reading
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News
02 Apr 2015
Foods manufacturer ConAgra expects to save $5m a year with data analytics
Food manufacturer ConAgra Foods is using data analytics technology to improve how it makes decisions about hiring and deploying its workforce Continue Reading
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News
31 Mar 2015
IT is more important than marketing for banks
IT spending will grow at the expense of other areas such as marketing as optimism in financial services increases Continue Reading
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News
30 Mar 2015
KPMG teams up with Microsoft to boost enterprise cloud adoption
Advisory firm to draw on Microsoft technologies to deliver cloud-based data analytics, and business transformation services to clients Continue Reading
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News
27 Mar 2015
Talk Talk moves HR systems to cloud
Managers now have accurate information on their workforce numbers, salary and overtime costs Continue Reading
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News
27 Mar 2015
Retiring MP aims to uncover truth of alleged Post Office computer system problems
Retiring MP James Arbuthnot is determined to get to the bottom of problems with the Post Office system that led to subpostmasters being blamed for account shortfalls Continue Reading