Tagged: idc

Arrcus, a Multi-Cloud Network Infrastructure Provider, Raises $50M to Support 5G, Data Center Technologies

Arrcus, the hyperscale networking software company and a leader in core, edge and multi-cloud network infrastructure, announced the close of a financing round “that brings to $50 million the total capital raised since the last venture financing round.” Prosperity7 Ventures is leading the Series D… Read More

Banks Accelerate Move to Cloud with Oracle Banking Services

With transaction volumes, customer expectations, and competitive threats at an all-time high, banks must “adapt quickly to keep pace.” To address these challenges, Oracle launched Oracle Banking Cloud Services, a new suite of componentized, composable cloud native services. The six new services available “provide banks… Read More

Laiye Eliminates Intelligent Automation Risks with Business Results “Guarantee”

  Global Intelligent Automation company Laiye, serving 70% of the top 10 global Fortune 500 companies, has announced an offer to ensure businesses “make the leap to Intelligent Automation by committing to refunding 100% of the license cost if its solutions do not achieve the… Read More

Bill.com Finalizes $2.5B Stock and Cash Acquisition of Spend Management Fintech Divvy

Bill.com (NYSE:BILL), an established provider of Cloud-powered software that simplifies, digitizes, and automates back-office financial operations for SMBs, revealed on Monday (June 1, 2021) that it had finalized its acquisition of Divvy, a spend management solution provider, for around $2.5 billion “in stock and cash.”… Read More

Private Identity Firm Incognia Introduces Location-based Behavioral Biometrics Solutions for Banks, Fintech Companies

Private identity solution provider, Incognia, has introduced a location-based behavioral biometrics software product that aims to reduce or eliminate the growing rates of mobile fraud. According to a press release shared with CI, Incognia’s anti-fraud software development kit (SDK) and APIs aim to improve standard… Read More

APAC Region Expected to Experience Significantly Increased Adoption of Digital Banking and Fintech Platforms by 2025: Report

Digital banking services are increasingly being adopted in the Asia Pacific (APAC) region. The use of all-digital banks and platforms is expected to increase further in the coming years. This, as 63% of consumers responding to a recent survey said they’d be willing to switch… Read More

80% of Chinese Banks to Integrate Fintech Solutions from Cloud Market: Report

Approximately 80% of all Chinese banks will acquire and integrate Fintech solutions from the cloud market, according to International Data Corporation (IDC), a leading multinational market intelligence company.  China’s Fintech sector is known for quickly adopting a broad range of information technologies including cloud computing,… Read More

China’s Blockchain Industry Is Expected to be Valued at Over $2 Billion By 2023: Report

A recent report published by global market intelligence company IDC has revealed that China’s blockchain industry is on track to experience substantial growth in the next few years. As reported by Xinhuanet, China’s blockchain ecosystem is expected to be valued at more than $2 billion… Read More

Did the Apple Watch Help Power Pebble Smartwatch Growth? (Video)

Did the forthcoming launch of the Apple Watch boost Pebble and its most recent, record breaking, crowdfunding campaign for the Pebble Time? Well that is a good questions. The wearable tech industry is so new that having a high profile company like Apple jump into… Read More

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