DBS launches new cloud-based data centre
DBS Bank has teamed with American multinational firm Equinix to make one of its traditional data centres in Singapore “cloud-optimised”.
DBS Bank has teamed with American multinational firm Equinix to make one of its traditional data centres in Singapore “cloud-optimised”.
Talend, which specialises in big data and cloud integration, is acquiring the outstanding shares of Restlet SAS, a France-based company that specialises in API design and testing, reports Enterprise Cloud News (Banking Technology‘s sister publication). Although no financial details were released, all 16 members of the Restlet staff along with the company’s founder will join […]
It’s a tale as old as tech start-ups – a software developer creates a new app and is convinced it will take the world by storm. The only problem? No idea how to monetise the brilliant creation. Xconomy (Banking Technology‘s sister publication) reports that a US fintech start-up based in Bloomington, Indiana, called Cheddar aims […]
For several years, it appeared the role of the CIO had been eclipsed by others – CMO, CFO, chief digital officer – who looked to claim a greater role and say over what information technologies their enterprises would invest in, reports Enterprise Cloud News (Banking Technology‘s sister publication). It’s not so much over what specific […]
Microsoft is looking to make cloud infrastructure safer at the hardware level with a new offering called “Project Cerberus,” which is the company’s latest contribution to the Open Compute Project (OCP), reports Enterprise Cloud News (Banking Technology‘s sister publication). Company engineers unveiled Cerberus at Zettastructure, the European digital infrastructure conference, which is taking place this […]
Janus Henderson Investors has chosen BNP Paribas Securities Services to assume responsibility for most of its back office; fund administration and fund accounting, middle office and custody functions in the US.
Google’s enterprise momentum is building, as Google and Salesforce have combined online and offline analytics, reports Enterprise Cloud News (Banking Technology‘s sister publication). Google also becomes a preferred Salesforce infrastructure partner – but not the preferred infrastructure partner, a Salesforce executive noted carefully. The analytics collaboration will allow enterprises to aggregate analytics for both online […]
Thailand-based Krungsri (Bank of Ayudhya) and IBM have completed a blockchain pilot project to streamline the bank’s contract management process across its offerings.
Revolut is building its own in-house processor, following a string of outages caused by its current third party provider.
Bar Harbor Bank & Trust has implemented new core banking software, Jack Henry & Associates’ Silverlake, provided on an outsourced basis.
Cisco and its partners want to put IT back in charge of their enterprise technology infrastructure, reports Enterprise Cloud News (Banking Technology’s sister publication). Years of deploying technology in multiple locations have left enterprise IT with cloud sprawl, workloads spread over multiple public, private and hybrid clouds. By applying the right technology and business services, […]
Thailand’s central bank, Bank of Thailand, has selected SimCorp Dimension as its new investment management platform to support reserve management and monetary policy operations of its $226 billion reserves.
Start-up YugaByte, which is run by ex-Facebook engineers, thinks it’s got a database that can compete with Oracle and a crowded market of other established proprietary and open source incumbents, reports Enterprise Cloud News (Banking Technology’s sister publication). YugaByte, which comes out of stealth with $8 million funding, says it stands out from the crowd […]
IBM is looking to use its clout in the private cloud market to make it easier for more customers to create hybrid and multi-cloud cloud deployments with a new software platform called Cloud Private.
Iberiabank has selected nCino’s cloud-based Bank Operating System to process services across several lines of business, including commercial and SME lending and treasury management.
Microsoft is the fastest-growing of the four big US cloud service providers, with revenue up 90% year-over-year in the third quarter, writes Enterprise Cloud News (Banking Technology‘s sister publication).
Google wants to become an enterprise cloud provider, so why not team up with the company that rules enterprise-networking market share?
Someday, the consistent growth in sales for Amazon Web Services (AWS) and Microsoft Azure will have to stop, writes Enterprise Cloud News (Banking Technology’s sister publication). “Someday” isn’t today.
$43.7 billion for Amazon, $27.7 billion for Google and $24.5 billion for Microsoft. And it hasn’t even hit the Christmas sales period yet.
Natasha Kyprianides, group head of digital banking and innovation at Hellenic Bank, gives the lowdown on how to apply the partnership strategy in practice and achieve real results.
US-based Regions Bank has gone live with the SEI Wealth Platform, following an 18-month transition of its private wealth, asset management and institutional services businesses to the new platform.
The UK peer-to-peer (P2P) lending market has flourished in the last decade. Lending volumes among the major platforms are increasing rapidly, pushing the cumulative total above £7 billion for the first time, as the understanding of the investment model continues to grow.
Bank of Asia, a start-up digital bank in the British Virgin Islands focused on companies that have ties to Asia, has signed for the Avaloq Banking Suite core platform.
A Kansas-based banking software developer, Data Centre Inc (DCI), has signed four new clients for its flagship core banking system, iCore360.
US-based Teradata has got Amazon Web Services (AWS) and Azure in its sights with the launch of Teradata Analytics Platform, offering a choice of analytic engines to get round the issue of siloes. Oliver Ratzesberger, EVP and chief product officer at Teradata, says: “Many different users have many different analytic needs and this dynamic causes […]
Castle Trust has appointed Phoebus Software for all of its mortgage servicing, allowing to “significantly” reduce the time and cost it takes to service its mortgage book.
Volante Technologies has made its entire range of VolPay payments processing products available on Micosoft’s Azure cloud platform.
Canada’s ATB Financial has gone live with a new treasury and capital markets (TCM) solution, MX.3, supplied by Murex. The solution is delivered on a Software-as-a-Service (SaaS) basis.
The Banking Industry Architecture Network (BIAN), a not-for-profit fintech industry body, has launched its latest release of its service landscape. Termed SL 6.0, the framework is designed to provide a “globally standardised and simplified” banking architecture structure, using a service-based architecture.
New Jersey-based ConnectOne Bank has selected nCino’s Bank Operating System for account opening, lending and portfolio management. According to nCino, Bank Operating System gives ConnectOne a single cloud-based platform, built on Salesforce, that combines customer relationship management (CRM), loan origination, account opening, workflow, enterprise content management, business process management, digital engagement and instant reporting. Frank […]
Eyes right. US start-up ShiftLeft has emerged from stealth and wants to shift enterprise cloud security strategy from reactive to preventative. Enterprise Cloud News (Banking Technology‘s sister publication) reports that ShiftLeft is an alternative to finding vulnerabilities and attacks as they crop up and defending against them. Instead, ShiftLeft’s service scans application and microservices source […]
How do you try and become one of the biggest and most influential technology companies in the world? Just move the $15 billion you have stashed away into the R&D business.
NCR Corporation has signed a five-year deal with UK’s TSB Bank to look after the bank’s 900+ ATMs and IDMs as well as provide service desk support for its employees across its branch network.
Utkarsh Small Finance Bank, a microfinance institution in India, has rolled out Intellect Design Arena’s core banking system. The bank received its licence last year, and according to Intellect, one of the key requirements for Utkarsh was to have a joint liability group solution that would enable it to provide group loans to the microfinance […]
New technology has been billed as a means to make us more efficient in the work place, but we are actually becoming less productive. So what’s missing from the equation? Telecoms.com (Banking Technology’s sister publication) reports. The point was made by Joshua Meltzer from the Brookings Institute at the “Nordic Digital Business Summit” in Helsinki. […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
There have been another problematic 24 hours for fintech firms and challenger banks after being hit with a slew of card payments issues.
Standard Chartered is using TradeIX’s TIX blockchain platform and Infor’s GT Nexus Commerce Network for two separate digitalisation efforts in trade finance. The TradeIX platform enabled Standard Chartered’s unnamed client to “help its customers increase their payment terms whilst maintaining the company’s receivables at current terms”. The financing was offered by Standard Chartered with credit […]
Salesforce has unleashed “Financial Services Cloud for Retail Banking”, a new application that lets bank employees have a “complete view” of their customers and work collaboratively. New features in the application comprise a retail banking data model and console. This includes all customer data – such as bank accounts and personal identification documents – which […]
Bank of Ireland’s new CEO is understood to be reviewing its five-year €900 million modernisation initiative – aka Project Omega – according to the Irish Times. As Banking Technology reported last year, the new set-up will be hosted by Capgemini. The bank was known to be evaluating a joint Software-as-a-Service (SaaS) offering from Temenos and […]