Tagged: digital transformation

Thrive Acquires Edge Tech Group to Become Major Cybersecurity Managed Services Provider

Thrive, a provider of cybersecurity and digital transformation managed services, announced  that it has acquired Connecticut-based Edge Technology Group, a global technology advisory and fully-managed IT service provider for alternative investment managers. The acquisition of Edge Technology Group “adds new global offices and data centers… Read More

Wise Co-founder Taavet Hinrikus Partners on €250M Technology Fund

Taavet Hinrikus, the Co-founder of Fintech firm Wise, has launched Plural, a €250 million (appr. £216 million) investment platform aimed at supporting a new generation of technology startups and digital entrepreneurs. Other founders of the Group reportedly include Songkick businessman Ian Hogarth, tech investor Khaled… Read More

Glia Acquires Finn AI to Offer Banking Virtual Assistants for Digital Customer Service

Glia, the provider of Digital Customer Service, has acquired Finn AI, the AI-powered chatbot platform for banks and credit unions. The deal aims to mainstream virtual assistants for financial services companies “by making Finn AI’s proven conversational AI solutions an integral part of Glia’s …… Read More

Citi Teams Up with METACO to Develop Institutional Digital Asset Custody Capabilities

Citi (NYSE: C) announced that it has selected METACO to develop and pilot digital asset custody capabilities. This collaboration “brings together METACO’s technology and digital solutions with Citi’s expansive custody network to develop a platform to enable clients to store and settle digital assets seamlessly… Read More

Pure IT Credit Union Services Receives $6.8M Investment

Pure IT Credit Union Services, a technology CUSO, has received a $6.8 million investment from several credit unions and credit union service organizations (CUSO). These organizations decided to invest in Pure IT as an established partner to further the alignment of IT resources with financial… Read More

October Comments on the Ongoing Digitalization in European SMEs

The phenomenon of digitalization is becoming a vital part of our daily life, according to an update from October. So, considering digitalization in European SMEs, the team at October looks into where we currently stand. While new digital solutions are increasingly being used in the… Read More

Efma Rebrands to Qorus, Will Offer Support for the Future of Financial Services

Efma has recently unveiled a new name, new logo, and new purpose “as part of an extensive rebranding initiative.” Now, Efma is called Qorus (pronounced kaw-ruhs). Efma has “approached the half-century mark of its existence and undertaken the most important transformation in its history –… Read More

US Banking Group Selects Temenos Banking Cloud to Improve its Investment in Midwest Communities

Temenos (SIX: TEMN) announced that TS Banking Group, an Iowa-based banking institution, has selected Temenos Banking Services “delivered on the Temenos Banking Cloud for a complete front-to-back digital transformation.” TS Banking Group will “migrate the entirety of its banking operations to Temenos’ leading open platform… Read More

CaixaBank, Microsoft Establish Innovation Lab for AI, Metaverse

CaixaBank and Microsoft (NASDAQ: MSFT) have established a joint innovation agreement with the aim of “promoting the application of Artificial Intelligence (AI) in new financial solutions, as well as creating new innovative work environments located in the Metaverse.” The agreement involves the launch of an… Read More

Kiya.ai Introduces Indian Banking Metaverse

Ever imagine visiting your banking branch virtually (without having to leave your residence) or conveniently discussing investment plans with a financial advisor? Well, the day is not so far away when you may have the option to transact, access banking details and access various banking… Read More

Web3 Computing has Significant Growth Potential, Could Capture Web2 Computing Market Share: Report

While the adoption of Web2 computing technologies has gained traction in the consumer and enterprise segments, security breaches and privacy concerns “continue to mar this space,” according to an update from Huobi. Web3 computing, with its inherent ability to alleviate such issues, “will likely see… Read More

Crypto-Native Worlds Decentraland, The Sandbox Let Users Leverage NFTs to Express Digital Personalities: Report

The non-fungible token (NFT) boom of 2021 not only brought “mainstream attention” to digital art investment, it also “catalyzed increased development of the crypto metaverse,” according to an update from Kraken. The Metaverse — a previously “esoteric” term first used in the 1992 science fiction… Read More

Digital Transformation: Natwest, Accenture, Microsoft to Replace Outdated Frontline Architecture

NatWest announced that it is working cooperatively with Accenture (NYSE: ACN) and Microsoft (NASDAQ: MSFT) in order to build an innovative client engagement platform that will aim to replace its multi-system, legacy frontline architecture. As mentioned in the update, the platform will aim to integrate… Read More

Cybersecurity Now an Integral Part of All Systems, Policies, Procedures, Industry Standards, Regulations: Report

Cybersecurity has been around for many years, albeit initially “confined to antivirus software with a limited understanding of network security,” according to an update from Juniper Research. The “exponential” growth of interconnectivity and personal and business information online in the late 1990s and 2000s, and… Read More

Digital Documentation: Arteria AI Receives Investment Co-Led by Citi SPRINT, BDC Capital

Arteria AI, a global “leader” in enterprise digital documentation, has announced it has received strategic investments from Citi SPRINT (Spread Products Investment Technologies), the strategic investing arm of the bank’s Global Spread Products division, and BDC Capital. Arteria’s software has been “deployed at numerous top-tier… Read More

Craig Blitz: Chief Product Officer at Digital Asset Reveals that Goldman Sachs Is Using Daml 2.0 for its Initiatives

We recently connected with Craig Blitz, Chief Product Officer at Digital Asset, which is building the platform, developer tools, and leveraging the best modern infrastructure providers “to change how businesses interact.” Digital Asset (the company) is the creator of the Daml multi-party application platform. Our… Read More

KuCoin Introduces “Decentralized” Digital Currency Wallet to Provide Users Web 3.0 Services

KuCoin, which claims to be a “leading” global cryptocurrency trading platform, has launched its “brand-new” decentralized product — KuCoin Wallet, with its website “going live for users to access the service starting June 1st.” The official app of KuCoin Wallet is also expected “to launch… Read More

Fintech Merge Finalizes $9.5M Round to Bring Banking, Payments Infrastructure to Web3 Economy

Merge has secured $9.5 million in capital via a seed round in order to create its API-powered banking and payments solution, effectively bridging the gap between fiat and cryptocurrency-based ecosystems. Merge aims to address the ongoing struggle that many firms in the crypto economy face… Read More

Payments Fintech Adyen, KMPG Share Insights from 2022 Retail Report

When you expect the “unexpected,” you can set your business up to “weather turbulent times,” according to an update from Adyen. If the past few years of the global pandemic have done anything, “they’ve proven that adage true.” When it became clear that the retail,… Read More

Firework Finalizes $150M SoftBank Vision Fund 2-Led Series B to Build Commerce Solution

Firework, the live-streaming commerce and digital transformation platform, has secured $150 million in Series B financing, “led by SoftBank Vision Fund 2.” The announcement comes as public sentiment towards Big Tech’s “walled-gardens” – the large, closed ecosystems typified by the likes of Facebook and Amazon… Read More

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