Tagged: cloud

August 4, 2021 @ 10:36 pm By Omar Faridi  |  

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), an established  technology-as-a-service platform for financial institutions based in China, has released its unaudited financial results for Q2 2021 and H1 for the period ending June 30, 2021. As noted by OneConnect, revenue surged 25.0% YoY to RMB968… Read More

August 4, 2021 @ 9:11 am By Omar Faridi  |  

Only a few weeks after finalizing its Series A-2 funding round of almost $3.8 million from 10 different investors, Insurtech Synchrono Group Inc., which offers services under a trademarked brand called SynchronoSure, is introducing another product, company Chief Executive and Chair Steve Hartmank reveals. In… Read More

July 31, 2021 @ 5:41 pm By Omar Faridi  |  

The Akash Network and Filebase will be providing multi-Cloud decentralized storage options, according to an update shared with CI. Today, Akash Network, an open-source, decentralized Cloud revealed that they’ve partnered with Filebase, the world’s “first object-based storage” platform in order to offer multi-Cloud, decentralized web… Read More

July 31, 2021 @ 9:06 am By Omar Faridi  |  

Payments specialist Banking Circle notes in a recent update on the payments, banking and Fintech space that there have been record-level investments in the UK’s vibrant Fintech sector, with $5.7 billion of VC invested across 317 deals so far in 2021. Banking Circle‘s CIO, Michel… Read More

July 28, 2021 @ 9:48 pm By Omar Faridi  |  

GoodData, the leader in Data as a Service (DaaS) analytics infrastructure, reveals that it has acquired a $45 million credit facility from J.P. Morgan (NYSE: JPM). Building on the firm’s recent adoption momentum and the release of the GoodData Cloud Native platform (GoodData.CN), GoodData’s management… Read More

July 27, 2021 @ 12:50 am By Omar Faridi  |  

The team at Blockstream, which claims to be the global leader in Bitcoin and blockchain tech, notes that they’re pleased to introduce Greenlight, which is their latest Lightning Network (LN) service. Blockstream, which aims to make financial markets more efficient by reducing reliance on trust… Read More

July 26, 2021 @ 8:51 pm By Omar Faridi  |  

Xero, a Cloud-powered accounting software application for SMBs, reveals that it has expanded its existing collaboration with UOB (SGX: U11) in order to provide companies with free access to the UOB Start Digital (for those that qualify). This offer will be available via the platform… Read More

July 24, 2021 @ 7:30 pm By Omar Faridi  |  

Banking Circle, the Payments Bank for the digital economy, has chosen SIA, an established European hi-tech firm in payment services and infrastructures, controlled by CDP Equity, in order to introduce its instant payments service in Europe “connecting to the TARGET Instant Payment Settlement (TIPS) service… Read More

July 23, 2021 @ 5:21 pm By Omar Faridi  |  

InvestCloud, a global Fintech company that designs and creates financial software for established banks, wealth managers and asset managers, has been chosen by BNP Paribas Wealth Management to offer Client Relationship Management (CRM) and Client Lifecycle Management (CLM) services for onboarding and “nurturing” high-net-worth (HNWI)… Read More

July 21, 2021 @ 7:25 pm By Omar Faridi  |  

Jumio, an established provider of AI-enhanced end-to-end identity verification and eKYC services, reveals that its sales and revenue increased more than 150% during Q2 2021 when compared to Q2 2020. The growth has reportedly been fueled by “an ongoing need for modern enterprises to know… Read More

July 16, 2021 @ 8:40 pm By Omar Faridi  |  

Profile Software, a global financial solution provider, reveals that it has introduced a new version of its Treasury platform, Acumen.plus. As noted in the announcement, the upgraded, STP, real-time Cloud-native platform aims to provide advanced UX and automation to the modern Treasurer, internationally. Leveraging its… Read More

July 16, 2021 @ 7:51 pm By Omar Faridi  |  

Aptys Solutions, an established provider of Cloud-powered, end-to-end, virtual payment services to more than 4,500 financial institutions (including quicker payments, mobile P2P, wire, ACH, and inclearing), reveals that Alloya Corporate Federal Credit Union, a major corporate credit union serving 1,400+ credit unions, has converted to… Read More

July 15, 2021 @ 3:30 pm By Omar Faridi  |  

Mosaic Smart Data, the real-time capital markets data analytics firm, and Limeglass, the financial research innovation firm, have teamed up to enable banking platforms to tap into the value that lies within the research reports associated with the transactions their customers have performed. Mosaic and… Read More

July 15, 2021 @ 11:57 am By Omar Faridi  |  

Tipalti, an established payables automation firm, reportedly grew its revenue by 83% during H1 2021 when compared to H1 2020. Tipalti reports that it maintained its steady growth, exceeding $23 billion in annualized transactions in H1 2021, up considerably from $18 billion in H1 2020… Read More

July 12, 2021 @ 7:22 pm By Omar Faridi  |  

The Canadian Imperial Bank of Commerce (CIBC) (TSE: CM), a multinational banking and financial services corporation headquartered in Toronto, Ontario, has entered a multi-year deal to use Microsoft Azure as its main Cloud platform. The partners noted in the announcement that Microsoft Azure should help… Read More

July 9, 2021 @ 12:24 am By Omar Faridi  |  

Full-service payment service provider (PSP) of local digital payment solutions, Paymaster24, has reportedly chosen Banking Circle in order to improve its existing service proposition for merchants. Importantly, the collaboration with Banking Circle should assist Paymaster24 with speeding up payments while offering additional currencies to its… Read More

July 3, 2021 @ 9:42 pm By Omar Faridi  |  

KT, one of South Korea’s largest telecom companies, reveals that it will be investing KRW 23.6 billion (appr. $20.9 million) into the operations of Webcash Group. The investment will be part of a plan to form an alliance relationship for the B2B sector. Webcash Group… Read More

June 26, 2021 @ 10:36 am By Omar Faridi  |  

Digital Asset has teamed up with Nasdaq in order to bring Daml to the Nasdaq Marketplace Services Platform. As mentioned in a release shared with CI, the integration of Daml with the Nasdaq Marketplace Services Platform will aim to create new opportunities for customers interested… Read More

June 24, 2021 @ 1:12 am By Omar Faridi  |  

Accenture (NYSE: ACN) has reportedly made an investment, via Accenture Ventures, into Imburse, a Cloud-powered, payments-as-a-service enterprise platform that aims to simplify the way businesses gain access to the international payments ecosystem. Established in Zurich, Switzerland in 2018, Imburse works cooperatively with various insurers, banking… Read More

June 21, 2021 @ 8:51 pm By Omar Faridi  |  

ALPIMA, the software-as-a-service (SaaS) platform for investment management and product design has been selected by the BBVA for scaling its Quantitative Investment Solutions (QIS) business. ALPIMA is a business-to-business (B2B) tech and advisory firm serving banking institutions, fund managers and wealth management companies globally. Its… Read More