Intel’s Diane Bryant jumps over to Google Cloud
Diane Bryant’s leave of absence at Intel has become permanent, as she’s joining Google Cloud as COO, working with Diane Greene.
North America
Equinix makes major global cloud play
Equinix has announced a major expansion of its Equinix Cloud Exchange and in the process, dove much deeper into the enterprise market.
WePay to power payments for Volusion
Having finalised its acquisition of WePay, JP Morgan Chase announced that it has already put the payments platform to work: powering commerce platform Volusion, reports Finovate (Banking Technology’s sister company).
Barclaycard building digital bank in US
Barclaycard is rebranding itself to Barclays in the US as part of its retail digital banking strategy in 2018.
Hartford InsurTech Hub hails hearty start-ups for 2018
Connecticut-based Hartford InsurTech Hub, powered by Startupbootcamp, has unveiled its 2018 cohort of start-ups for its inaugural insurance acceleration programme. The 11 selected firms comprise a mix from sectors such as artificial intelligence (AI), big data analytics and natural language processing (NLP) combined with cybersecurity, smart home and health insurance. According to the hub, over […]
AWS goes on GuardDuty for cloud security
While Amazon Web Services (AWS) is considered the undisputed leader in public cloud services, the company continues to make improvements to its platform. Security is now the next step, reports Enterprise Cloud News (Banking Technology’s sister publication). At its re:Invent 2017 customer showcase in Las Vegas this week, AWS unveiled its new security service called […]
RightCapital integrates with Envestnet | Tamarac API
Thanks to a new partnership between RightCapital and Envestnet | Tamarac, financial advisors on RightCapital’s platform will be able to use Tamarac’s API to directly access account and holdings information from their clients, enabling real-time financial and tax planning advisory, reports David Penn at Finovate (Banking Technology’s sister company). RightCapital’s technology used Monte Carlo simulations to enable […]
Amazon launches private cloud connection service
Amazon Web Services (AWS) is launching the PrivateLink private network service to allow Software-as-a-Service (SaaS) developers to provide private endpoints to users, increasing security for enterprises by eliminating the need to expose data to the public internet, reports Enterprise Cloud News (Banking Technology’s sister publication). AWS PrivateLink also connects services across multiple accounts and virtual […]
VMware’s cloud fortunes continue in Q3
VMware continues to expand beyond its traditional role in the virtualisation market into areas such as cloud computing and software-defined data centre offerings, and the company’s bets on these areas are paying off, reports Enterprise Cloud News (Banking Technology’s sister publication). The firm released its third-quarter financial results, beating Wall Street expectations by $0.07 per […]
Amazon brings machine learning to “everyday developers”
Amazon Web Services (AWS) is looking to bring machine learning (ML) to ordinary developers, launching the SageMaker service to simplify building applications, reports Enterprise Cloud News (Banking Technology’s sister publication). ML is too complicated for ordinary developers, AWS CEO Andy Jassy said at a keynote during the AWS re:Invent event. “If you want to enable most […]
Ephesoft clearly unveils mobile document capture solution
Document capture and analytics solution developer Ephesoft has released version 4.0 of its Transact Mobile SDK, reports David Penn at Finovate (Banking Technology’s sister company). The latest version of the technology takes advantage of innovations in everything from deep learning to mobile architecture to give consumers more accuracy and flexibility when it comes to document capture with […]
HPE: can new boss bring back the magic?
Meg Whitman was a wartime CEO for Hewlett Packard Enterprise (HPE). Now, she says, the company needs new leadership – Antonio Neri, a technologist who came up through the company ranks, reports Enterprise Cloud News (Banking Technology’s sister publication). In a transition announced last week, Whitman is leaving the CEO position in February, replaced by […]
Validata lands core banking testing deal in US
Validata has inked a deal with a large US bank to deliver quality assurance for the bank’s Temenos T24 core banking transformation project. Banking Technology understands this is Commerce Bank.
Integris Credit Union in core banking tech revamp with Validata
Canada-based Integris Credit Union has deployed Validata’s suite of products to support its transition to Temenos’ T24 core banking system.
Infographics: CPPO study reveals Canadian prepaid market grew 17%
The Canadian Prepaid Providers Organization (CPPO) released its second annual benchmark study, “Canadian Open-Loop Prepaid Market: 2016”, that shows 17% growth of the open-loop prepaid card market in Canada between 2015 and 2016.
BMO Financial Group injects $2m into Montreal AI lab
BMO Financial Group is putting $2 million into Creative Destruction Lab Montreal (CDL-Montreal) to fund artificial intelligence (AI) and data science projects. CDL-Montreal will target seed-stage start-ups by providing business and technology mentoring, equity opportunities and business development partnerships. On 15 December, the first cohort of 28 businesses, made up entirely of AI start-ups, will […]
HPE adding AI to data centres with Nimble acquisition
Earlier this year, Hewlett Packard Enterprise (HPE) went on an acquisition spree meant to help the company improve its standing in the data centre market with products to address a range of issues customers faced as they moved to the cloud, reports Enterprise Cloud News (Banking Technology’s sister publication). Now, one of those deals is […]
RBC to open AI lab in Montreal
Borealis AI, a Royal Bank of Canada (RBC) Institute for Research, will open an artificial intelligence (AI) lab in Montreal. Borealis AI has partnered with McGill University Professor, Jackie Cheung, as academic advisor for the lab and will work with the Montreal Institute for Learning Algorithms (MILA). The team anticipates opening the doors of the […]
Q&A with Bob Raffo, FirstView Financial
Joining FirstView Financial in July 2017 as president and CEO, Bob Raffo has quickly become a proponent of developing the paytech segment, the opportunities it presents to serve larger consumer and B2B bases and accelerate payment processes.
Kabbage expands small business funding with $200m credit facility
Alternative credit company Kabbage has a lot to be thankful for this week. The Atlanta-based start-up received a new $200 million revolving credit facility from Credit Suisse bringing its total debt funding to $750 million, reports Julie Muhn at Finovate (Banking Technology’s sister company). Kabbage emphasised that this credit facility diversifies its funding sources, which will help it […]
Coinbase goes into Custody to let investors store digital assets
Who knows how much more appreciation in the price of Bitcoin will be required to encourage notorious cryptocurrency skeptic and JP Morgan CEO Jamie Dimon to endorse investing in digital assets. But when he does, a new company launched by Coinbase called Coinbase Custody will be there to make sure he does it the right […]
ForwardLane unveils new AI APIs
US-based ForwardLane has introduced a pair of new artificial intelligence (AI) APIs that apply natural language processing and deep learning AI for managing research data and communication, reports David Penn at Finovate (Banking Technology’s sister company). “The two APIs empower the world’s leading asset managers, wealth mangers, and insurers augment the capabilities of their star performers and […]
Wanted: US-based bank for crypto-friendly fun
It wasn’t spotted on Craigslist but here’s an unusual request. If you are the owner of a small or medium-sized bank in the US and are ready to sell it completely (or partially) – you have a buyer! Vladislav (aka Slava) Solodkiy, managing partner at venture capital (VC) firm Life.Sreda, is being refreshingly direct and […]
Alogent adds Jwaala to digital banking tech portfolio
US firm Alogent has acquired a Texas-based digital banking tech vendor, Jwaala, for an undisclosed amount. Alogent, which is based in the US state of Georgia, says it will continue to support Jwaala’s collection of solutions, which will be marketed under the new name, Alogent Digital. Dede Wakefield, Alogent CEO, describes the acquisition as “the […]
Actiance acquired by K1 Capital Management
Communications compliance and analytics company Actiance has made its exit this week. The California-based company has been acquired by K1 Investment Management, an investment firm focused on acquisition-based growth opportunities, reports Julie Muhn at Finovate (Banking Technology’s sister company). K1 will join Actiance with its rival, Smarsh, which specialises on archiving compliance. The combined company will reach […]
Top fintech stories this week – 17 November 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
InvestCloud goes Neon and Gray for wealthtech way
US-based InvestCloud has released two new lines of financial apps – Gray and Neon – to run on its digital platform. InvestCloud Gray digitises client interactions, providing a platform for wealth managers. While InvestCloud Neon enables wealth managers and financial institutions to automate trading, accounting and middle-office workflows. It also supports the real-time processing of […]
Microsoft doubles down on open source and analytics for developers
Microsoft’s embrace of open source software is about to get a lot bigger as the company is rolling out several new tools and services designed to help developers create applications designed for the cloud, as well as highly specialised apps for artificial intelligence (AI) and the internet of things (IoT), reports Enterprise Cloud News (Banking […]
Rainmaking Colab kicks up a storm for fintech innovation
Rainmaking Colab is looking to make its new model of innovation reign via a theme-based fintech programme that taps into mature markets. Created by the founders of Rainmaking and Startupbootcamp FinTech, they say “mature fintech markets like New York and London are starting to experience ‘accelerator fatigue’ and require a new way of thinking to […]
Cisco’s Q1 beats Wall Street expectations
After several quarters of less-than-stellar results, Cisco managed to beat analysts’ expectations with a better-than-expected report for its first quarter of fiscal 2018, reports Enterprise Cloud News (Banking Technology’s sister publication). For the quarter ended 28 October 2017, Cisco reported GAAP revenue of $12.1 billion, a 2% year-over-year decline. However, GAAP net income increased 3% […]
Microsoft warns of multicloud risk
Some enterprises worry about giving all their public cloud business to one provider and getting locked in. But multicloud has its own risks, says Microsoft Azure chief technology officer Mark Russinovich. Enterprise Cloud News (Banking Technology’s sister publication) reports that enterprises pursue a multicloud strategy to help negotiate a better pricing, among other reasons. But […]
TrueAccord lands $22m to humanise debt collection
Online debt collection service TrueAccord has received $22 million in funding – bringing its total amount to almost $34.5 million, reports Julie Muhn at Finovate (Banking Technology’s sister company). Leading the round was Arbor Ventures. A mix of existing and new investors, including Arbor, Nyca Investment Partnership, Assurant Growth Investing, Caffeinated Capital Fund, Felicis Venture, TenOneTen and Crystal […]
Ex-Googlers have LightStep for hybrid app performance
LightStep, founded by ex-Googlers, has come out of stealth to introduce its first product, for application performance management in environments combining microservices with legacy apps, reports Enterprise Cloud News (Banking Technology’s sister publication). Called LightStep [x]PM, it provides application performance management that operates across all application components, including web and mobile clients, monolithic applications and […]
The Clearing House makes history with new US payments system
The Clearing House (TCH) has launched its 24×7 real-time payments (RTP) system, the first new core payments infrastructure in the US in more than 40 years. RTP was designed and built through the “collaborative effort” of TCH’s 25 owner banks and meets the objectives of the Federal Reserve Faster Payments Task Force. RTP is open […]
Financial innovation in LatAm calls for open collaboration with start-ups
Fintech is upending the way we understand the financial sector in Latin America; financial services are experiencing deep transformations as a result of start-ups’ love for change driven by new technologies.
China overtakes US in latest top 500 supercomputer list
The release of the semiannual Top 500 Supercomputer List is a chance to gauge the who’s who of countries that are pushing the boundaries of high performance computing (HPC). The most recent list shows that China is now in a class by itself, reports Enterprise Cloud News (Banking Technology’s sister publication). China now claims 202 […]
Dell makes machine learning road-ready
While Oracle, IBM and others are pushing machine learning in the cloud, many enterprises see advantages to keeping IT infrastructure in-house. Dell is looking to fill that desire with a line of hardware servers and services for machine learning for the enterprise, reports Enterprise Cloud News (Banking Technology’s sister publication). Dell Machine and Deep Learning […]
Top tier US bank in cash management tech revamp with Temenos and Finastra
EXCLUSIVE: A top tier US-based bank is modernising its global cash management ops with technology from Temenos and Finastra (formerly D+H Corporation).
Cheddar on mission to help software developers monetise faster
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 […]
A CIO ‘Renaissance’ needs the cloud
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 […]
