Tagged: cloud

July 23, 2020 @ 7:53 am By Omar Faridi  |  

Lloyds Bank, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, will be acquiring a minority stake in Form3, a cloud-powered payments technology provider. The acquisition is part of Lloyds’ plans to upgrade its legacy payments… Read More

July 19, 2020 @ 5:05 pm By Omar Faridi  |  

In June 2020, the Ontology (ONT) team celebrated two years since the launch of the Ontology mainnet, which aims to serve as a “high-performance” enterprise blockchain or distributed ledger technology (DLT) platform. Last month, the blockchain developers also launched Ontology 2.0, which involved the integration… Read More

July 17, 2020 @ 2:45 pm By Omar Faridi  |  

Activate, by ConsenSys Codefi, is reportedly the first platform developed specifically for creating decentralized networks and allowing users to purchase, manage, and use their digital tokens through a single application. Leading Ethereum development studio ConsenSys announced on July 16, 2020, that the SKALE Network’s SKALE… Read More

July 16, 2020 @ 9:53 pm By Omar Faridi  |  

HSBC, a British multinational bank and financial services holding company with over $2.5 trillion in total assets, has partnered with the Hong Kong Science and Technology Parks Corporation (HKSTP) in order to assist startups with their Open Banking programs (in Hong Kong). The API EcoBooster… Read More

July 14, 2020 @ 10:03 pm By Omar Faridi  |  

NYMBUS, a core banking modernization firm, has teamed up with digital payments company Payrailz in order to enhance its cloud-powered “Smart Ecosystem” of digital-first banking products and services. NYMBUS aims to serve as an effective alternative to the legacy business model. The company plans to… Read More

July 12, 2020 @ 2:44 pm By Omar Faridi  |  

The global COVID-19 outbreak has negatively impacted businesses in many different industries throughout the world. Remote working is increasingly becoming the “new normal” for many people. Employees are able to perform most of their daily tasks from home, and don’t need to be at a… Read More

July 9, 2020 @ 9:33 pm By Omar Faridi  |  

Tencent Cloud, the cloud computing division of Tencent Holdings, a major provider of internet value-added services in China, revealed on July 8, 2020, that it has committed to a Memorandum of Understanding (MoU) with Singapore’s Asia Digital Bank Corporation (ADBC). As mentioned in a release,… Read More

June 23, 2020 @ 9:45 pm By Omar Faridi  |  

Max Chuard, CEO at Temenos (SIX: TEMN), a Switzerland-based banking software company, notes that the COVID-19 outbreak has accelerated the demand for the latest banking technologies and other cost-cutting performance efficiencies. Chuard says Cloud technologies and AI could potentially help banks weather significant socio-economic changes… Read More

June 22, 2020 @ 1:14 am By Omar Faridi  |  

We recently caught up with Jay Nair, Senior Vice President of Financial Services at Infosys (NYSE: INFY), a global leader in digital services and consulting. The company has clients in 45 countries who use its services to develop their digital transformation strategies. The firm has… Read More

June 9, 2020 @ 9:45 pm By Omar Faridi  |  

The global COVID-19 crisis has limited the ability of consumers to visit physical bank branch locations to take care of their banking needs or requirements. Customer service departments at banks have seen a dramatic increase in calls from clients who may have many questions and… Read More

June 9, 2020 @ 12:49 pm By Samantha Hurst  |  

Xignite, a provider of market data cloud solutions for financial institutions and fintech companies, announced on Tuesday the enhancements for two of its financial data cloud APIs. Now offering functionality built for greater speed and specificity, these APIs enable fintech companies to provide their users… Read More

June 7, 2020 @ 4:42 pm By Omar Faridi  |  

A blockchain or distributed ledger technology (DLT)-enabled pilot for handling various notary services has reportedly been introduced in Suzhou, China. China Quality News reports that Suzhou’s authorities are supporting the DLT pilot, which could potentially assist millions of residents with gaining secure access to legal… Read More

June 6, 2020 @ 11:39 am By Omar Faridi  |  

The Fintech sector continues to attract significant investments across the Middle East and Europe. However, the world is currently trying to cope with the socio-economic challenges created by the deadly COVID-19 outbreak. Competition in the Fintech space has been increasing steadily, with many new startups… Read More

June 5, 2020 @ 2:26 pm By Samantha Hurst  |  

CaixaBank, a retail banking group based in Spain, announced on Thursday it has reached an agreement with IBM Services (NYSE:IBM) to accelerate its “hybrid cloud journey” and increase the bank’s capability to develop innovative, digital-first solutions to enhance client experiences. According to CaixaBank, IBM has… Read More

May 26, 2020 @ 11:26 pm By Omar Faridi  |  

12CM (pronounced One-two-cee-em), the “smart” stamp software platform provider and a member company of the Born2Global Center, has partnered with Naver Business Platform (NBP). 12CM has reportedly been an active Born2Global Center member for the past couple of years. Through the partnership, 12CM will work… Read More

May 23, 2020 @ 9:13 pm By Omar Faridi  |  

  The Suseong University in South Korea will be working with the Korea Artificial Intelligence Association (KORAIA), in order to establish a blockchain or distributed ledger technology (DLT) and AI-focused campus in Daegu, a city located in the country’s North Gyeongsang province. Local media outlet… Read More

May 16, 2020 @ 12:32 pm By Omar Faridi  |  

US-headquartered nCino, an established cloud banking provider, has teamed up Sweden’s small business lender, Yourban, in order to support SME lending via the nCino Bank Operating System. Through the partnership, Yourban will be using a system that has been configured to meet the bank’s requirements…. Read More

May 14, 2020 @ 4:21 pm By Omar Faridi  |  

Danish small business accounting platform Billy aims to leverage Open Banking technology and processes, in order to gain access to SMEs’ data from banks. Billy aims to use its cloud platform to transform how SMEs perform their accounting work. Billy claims around 18,000 customers in… Read More

March 24, 2020 @ 8:18 am By Samantha Hurst  |  

Northmill, a banking group based in Sweden, recently announced it has invested in a new cloud-based platform from CRM company Zendesk, Inc., which is being used by companies such as Airbnb and Uber. According to Northmill, the purpose of the investment is to give the… Read More

March 23, 2020 @ 8:15 am By JD Alois  |  

On March 20, 2020, Finastra, a financial services software provider, announced that a “bad-actor” was attempting to introduce malware into their network in what was described as a “common ransomware attack.” Finastra is a company spanning retail banking, transaction banking, lending, and treasury and capital… Read More