Westpac invests $800m in digital revamp
Includes migration of 100 apps onto cloud infrastructure platforms.
Financial Results
NAB to migrate 35% of IT portfolio to cloud
As well as shutting down 15-20% of its IT applications.
Banking Technology Awards 2018: shortlist announced!
Winners will be unveiled on 13 December in London!
Revolut records annual loss but revenue grows fivefold
Revolut’s 2017 revenue stands at £12.8m and customer base at 1.3m.
Starling to power RBS and Natwest digital payments
Starling’s growth has attracted attention from big players.
Why be a part of Banking Technology Awards?
Nominate best fintech projects and people by 31 August!
Temasek favouring fintech investment over US banks
Singapore-based firm sees it as a more profitable industry.
ID Finance revels in 97% revenue growth
No pain in Spain for data science and credit scoring firm.
Oracle cloud left fuming over Firefighters’ Pension Fund lawsuit
Claims Oracle misrepresented true drivers of its cloud revenue growth.
Euronext moves cash markets to its Optiq platform
It wants Optiq to pump up performance.
TSB’s April IT crash leads to £107m loss
Results in a loss of customers and increased post-migration costs.
Powerful PayPal parades financial prowess
Revenue, income and payment volumes are all up.
Earthport brings in new staff to stop rocky financials
CEO and CFO change as payments company reports increasing losses.
Banking Technology Awards 2018: celebrating people that make things happen!
Taking place on 13 December in London.
Zesty Zopa reveals record lending figures
Zopa achieved revenues of $61 million in 2017.
Monzo faces challenging times with £33m losses
But user numbers did treble for UK mobile-only challenger.
Payments pleasure as Adyen IPO hits €13bn
Valuation last month put it at €9 billion.
R3 hits back at financial woe story
Company calls them “malicious rumours”.
SuperCharger’s latest programme raises $14.4m and inks 47 deals
SuperCharger accelerator results in 47 deals after 12 weeks, and a lot of funding.
ABN Amro profits from digital revamp
Dutch bank gets net profit of €595 million for Q1 2018.
FairFX posts first full year profits
CEO of FairFX describes the year as “ground-breaking” for the company.
Opportunity cost and the gender pay gap: the market value of decency
It’s not about women or money. It’s about what hiring and rewarding with integrity does for your business.
New customers drive Avaloq to record 2017 revenue
Swiss core banking vendor reveals record revenue of over $584.4m.
Virgin Money’s digital bank edges to beta testing
Beta testing expected in the second half of this year.
Lloyds preps for PSD2 with £3bn digital investment
Three-year strategy to bolster its digital capabilities – job cuts are included.
Temenos enjoys software licensing growth of 22%
Revels in a decent 2017 and keeps the momentum gained in 2016.
Podcast: [the SME sector is] so hot right now
11:FS Fintech Insider show featuring FinTech Futures’ Tanya Andreasyan.
Cardlytics first fintech firm to go public in 2018
Data driven marketing tech firm Cardlytics is now listed on Nasdaq.
IBM hits growth for first time in 23 quarters
Did it in style – exceeding analyst revenue expectations by almost $500 million.
Infographic: history of Ripple coin
Buyripple explains “how banks fell in love with Ripple” in this infographic.
Cloud market soared to $180bn in revenue in 2017 – study
A 24% year-over-year increase, according to new research by Synergy Research Group.
Oracle cloud revenue bursts 44%
Oracle reported total cloud revenues up 44% to $1.5 billion for Q2 of its fiscal 2018.
Dell posts smaller Q3 loss
The company continues to absorb its EMC acquisition, as well as branch out into new areas, such as IoT.
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 […]
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 […]
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% […]
NAB plans 6,000 job losses in digital banking revamp
National Australia Bank (NAB) will make 6,000 job cuts over the next three years with its digital banking revamp and long-term strategy to maintain profit. Andrew Thorburn, NAB’s CEO, says: “I think all big businesses – particularly incumbent businesses – the reshaping of the workforce is going to be significant. And I think it’s important […]
For Amazon and Microsoft, the cloud keeps giving
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.
What adds up to $95 billion? Q3 for Google, Microsoft and Amazon
$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.
Samsung loses its CEO despite record profits
The CEO of Samsung Electronics – Oh-Hyun Kwon – has thrown in the towel, citing an “unprecedented crisis” at the company as his reason, reports Telecoms.com (Banking Technology’s sister publication). The specifics of that crisis were not revealed in “an emotional letter” (according to the Samsung press release) sent to all employees by Kwon, who […]
