AWS reportedly eyeing deal for big data start-up Sqrrl
The big data analytics start-up could help AWS add an additional layer of security to its public cloud.
Data & Analytics
Fintech trends 2017: blockchain, big data… what’s next?
2017 ends with the Bitcoin having surpassed the $19,000 mark. Could this perhaps be a taste of our future?
Symbiont smart contracts to simplify index data sharing for Vanguard
Smart contracts platform Symbiont has teamed up with Centre for Research in Security Prices (CRSP).
SBDA Group closes Series A investment round
Banking personalisation firm SBDA landed investment from FinSight Ventures and Digital Space Ventures.
Banking Technology December 2017/January 2018 issue out now
In the eye of the storm we provide clarity.
Fortune 500 fuel IBM quantum computing quest
IBM has revealed the first clients to tap into its IBM Q early-access commercial quantum computing systems.
PayPal’s TIO network data breach hits 1.6m customers
PayPal has revealed that a potential compromise of personally identifiable information for approximately 1.6 million customers has been found on its TIO Networks.
ING has a thing for data analytics
ING Wholesale Banking has set out its plans to increase investments in data analytics and put more resources into Asia and the Americas. It’s very early days as its ambitions and goals offer no real specifics. Stats and timelines are like good service in shops in the UK – i.e. almost nowhere to be seen. […]
HPE enterprise sales sluggish in Q4
Hewlett Packard Enterprise (HPE) saw revenue up 5% year-over-year to $7.8 billion, but it’s having trouble gaining traction with enterprise sales – and its CEO is leaving, reports Enterprise Cloud News (Banking Technology’s sister publication). For the fourth quarter ending 31 October, combined net revenue for HPE was $7.8 billion, including $174 million associated with […]
Dell makes case for cloud “core”
Make another space on your buzzword bingo card, as Dell is talking about the cloud “core”, reports Enterprise Cloud News (Banking Technology’s sister publication). “We decided instead of the edge and the cloud we need one more point – the core,” Jason Shepherd, Dell director of IoT strategy and partnerships tells Enterprise Cloud News. The […]
Investec Bank to use iMeta for client data management
Investec Bank has selected iMeta’s client lifecycle management (CLM) platform to help with the automation and streamlining of data management processes. The platform consists of know your customer (KYC) support; credit and legal help (such as with MiFID II); and standing settlement instruction (SSI) for data management processes to provide a centralised hub of reference […]
Token and Envestnet | Yodlee team up for open banking
Open banking platform provider Token has partnered with Envestnet | Yodlee, a data analytics platform, for payments and financial data aggregation. The partnership will use Token’s operating system, TokenOS, which offers PSD2 compliant payments and gives access to banks for third-party service providers, via an API. In addition, the deal will use Envestnet | Yodlee’s […]
Talend acquires API design and test specialist Restlet
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 […]
Microsoft looks to secure clouds with Project Cerberus
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 […]
Crime thriller: Trading Down, by Stephen Norman – part 3
Over the past few weeks, we’ve been sharing some extracts from a new crime thriller, Trading Down, by Stephen Norman, long serving CIO/CTO of RBS Global Markets. Here, in the third and final extract, we return to the action at the Hamilton Datacentre crisis.
IBM’s Watson Data Platform focuses on AI
The IBM Watson Data Platform already provides data scientists with the ability to crunch numbers and share large data sets across different public and private clouds. Now the company has its sights set on artificial intelligence (AI), reports Enterprise Cloud News (Banking Technology‘s sister publication). Big Blue has announcing expanded capabilities and tools for the […]
Crime thriller: Trading Down, by Stephen Norman – part 2
Here’s a second extract from Trading Down, by Stephen Norman, which continues the drama in the Hamilton Datacentre.
SIBOS Interview: SmartStream – the future of banking
Rocky Martinez, CTO and Haytham Kaddoura, CEO at SmartStream talk about the future of banking and how fintechs can help clients grow their business.
JP Morgan implements Mosaic MSX for fixed income data analytics
Mosaic Smart Data’s real-time data analytics platform, MSX, has been deployed by JP Morgan to optimise the productivity and profitability of its global fixed income sales and trading division.
Crime thriller: Trading Down, by Stephen Norman
A sneak preview of a debut novel by Stephen Norman, long serving CIO/CTO of RBS Global Markets and previously Merrill Lynch. A fast-paced crime thriller – published on 9 November 2017.
MapD partners with IBM Power Systems
Analytics platform MapD has partnered with IBM Power Systems to enhance its analytical performance. California-based MapD has optimised its MapD Core database and MapD Immersive visual analytics client to take advantage of IBM Power Systems to target the speed at which SQL queries can be performed.
Credit Suisse strengthens SmartStream deal for derivatives brokerage fees
SmartStream Technologies, the financial transaction lifecycle management (TLM) solutions provider, has revealed that its original agreement with Credit Suisse was recently expanded to include the processing of listed derivatives brokerage fees which began in February of this year.
BNP Paribas selects SmartStream’s fees and expense management solution
The derivatives execution and clearing (DEC) business of BNP Paribas has implemented SmartStream Technologies transaction lifecycle management (TLM) Fees and Expense Management (FEMS) solution.
Sibos 2017 opening plenary: data is the new battleground
Welcome to Sibos 2017 in Toronto – bringing together 8,000+ delegates from 150 countries. And this year we have a new (or the vintage new?) theme: data. Not the “big data” though (that everyone was talking about a few Sibos conferences ago), but just data.
SmartStream launches latest version of TLM reconciliations solution
SmartStream Technologies, the financial transaction lifecycle management (TLM) solutions provider, has unveiled its latest reconciliations solution.
IBM combining data science and AI for analytics advance
IBM is looking to offer big data number crunchers and data scientists a way to add more machine learning and deep learning technology into the analytics process by combining two of the company’s platforms developed specifically for artificial intelligence (AI) and scientific research. Enterprise Cloud News (Banking Technology’s sister publication) reports that two IBM executives, […]
Tascet teams with Secured2 to launch Algo5 data security offering
Identification technology company Tascet is partnering with Secured2 to launch a new data security offering. The product, Algo5, aims to protect data against both internal and external breaches, hacks, and disasters, reports Julie Muhn at Finovate (Banking Technology‘s sister company). The new data storage solution combines Tascet’s SuperToken, which verifies a user’s identity, with Secured2’s Beyond Encryption, […]
Bank of England fintech accelerator feels the fourth for innovation
The Bank of England’s (BoE) fintech accelerator has unleashed four new initiatives in the fields of distributed ledger technology (DLT), data storage and analysis, machine learning and cybersecurity. As reported in July, BoE revealed the third stage – such as its work with machine learning Mindbridge AI, DLT darling Ripple, and regtech bouncer Enforcd. Now […]
Tibco acquires Cisco’s data virtualisation business
Integration, analytics, and event-processing software company Tibco has agreed to acquire Cisco Data Virtualization (formerly Composite Software), reports Julie Muhn at Finovate (Banking Technology‘s sister company). The solution powers enterprise-scale data virtualisation and offers associated consulting and support services. Tibco will leverage the new solution to “enhance its portfolio of analytics products and will help clients onboard analytics […]
The United Nations of Data – an interesting idea
One of the big problems of the digital economy is unity. Everyone is out for themselves which could mean no one wins, reports Telecoms.com (Banking Technology’s sister publication). What we’re talking about here are the rules – the legislation and regulation which defines how a company can operate in the connected economy. There sure are […]
E-book: Principles of data wrangling
Through the last decades of the twentieth century and into the twenty-first, data was largely a medium for bottom-line accounting: making sure that the books were balanced, the rules were followed, and the right numbers could be rolled up for executive decision-making. Attitudes toward data have changed radically in the past decade, as new people, […]
Mastercard Wants to Help Issuers Fight Card Fraud Faster after Data Breaches
On the heels of Equifax’s massive data breach that compromised 143 million identities, Mastercard today (Oct. 2) announced the launch of Early Detection System, which alerts banks to high-risk cards and accounts that are exposed in security incidents or data breaches.
Whole Foods Market Reports Breach
On Sept. 28, Whole Foods Market announced it had recently received information regarding unauthorized access of payment card data used at certain venues such as taprooms and table-service restaurants located within some of its stores.
The four things that will make or break bank risk management
What will make or break bank risk management? Victoria Chatterton, strategic director of RiskMinds, gives the lowdown.
TCS makes Intel-ligent move for new AI centre
Tata Consultancy Services (TCS) will set up an artificial intelligence (AI) “Centre of Excellence” (CoE) with Intel as they join the horde hoping to prosper in this highly competitive market. The new AI CoE will be equipped with the usual technologies and experts to assist “Intel Nervana AI Academy” members – including developers, data scientists, […]
Banks going Kodak
When was the last time you visited a bank branch? While the rise of the internet, banking shifted the customer interaction from the branch to the web, the business was still owned and run end-to-end by the bank and at lower cost. For a few years now, the landscape has altered significantly bringing Kodak to […]
Are you data breach fatigued?
Data breaches are nothing new – quite the contrary – in fact their very frequency makes it likely that we’re fatigued to the point of indifference by the number of leaks which are surfacing, reports Telecoms.com (Banking Technology’s sister publication). Knowing the value of money is a lesson parents have been teaching children for years, […]
EDI challenges NYSE corporate actions monopoly
Exchange Data International (EDI) says it has broken the NYSE corporate actions monopoly with its launch of a “like-for-like service at less than 50% of the redistribution costs charged by NYSE”.
Big Xyt going trading places with new data analytics hub
Big Xyt, a smart data and analytics provider, has unveiled its new hub for trading firms to integrate tick data and analytics via a single API. According to the firm, the Xyt hub allows companies to consume, analyse and visualise data through cloud-based technologies, featuring Data-as-a-Service (DaaS) and nice Analytics-as-a-Service (AaaS) functionalities. Bats has signed […]
Fintech funding round-up: 13 September 2017
Quickly following on from the fintech funding round-up on 11 September, here’s more action in a concise form. Features InfoSum, Neyber, Goldman Sachs, Forward Partners and BlackRock. Data tech start-up InfoSum has added $5 million to its seed funding, taking the total raised to date to $8 million. Joining existing investors Mark Suster (Upfront Ventures) […]
