Credit Suisse’s Canadian arm goes live with London fintech Torstone
“The opportunity to reduce our total cost of ownership was a key driver,” says bank.
Software-as-a-Service/SaaS
Japan’s NEC buys Swiss core banking firm Avaloq in $2.2bn deal
Major investor Warburg Pincus currently owns 45% of Avaloq.
Destination public cloud
It is estimated that global public cloud revenues will grow by about 17% this year.
The Oracle versus Google copyright case could shape the future of software
The fate of open APIs lies in the hands of the US Supreme Court.
Banking Technology September 2020 issue out now
Tipping point: Google vs Oracle showdown.
Cloud: the new frontier in banking
Demystifying the move to the cloud is the first step to becoming more agile.
Swedish Export Credit Corporation picks FIS for loan origination
SEK picks Commercial Loan Origination and FIS Ambit.
Xero to acquire Aussie invoice lending platform Waddle for $57m
Xero’s shares hit more than AUD 100 on 25 August.
Palantir lost $579m in 2019 according to leaked S-1 filing
Big data SaaS firm had net loss percentage of 78% last year.
Standard Chartered signs multi-year cloud deal with Microsoft
The bank is shifting a series of systems to the cloud by 2025.
Streamlining manual processes amid COVID-19
Find out how to digitise manual documentation processes with Foxit Software.
Bank of Baroda credit card subsidiary picks Fiserv’s FirstVision
FirstVision will be deployed on an outsourced basis.
Siepe closes series A funding led by HNW individuals
It will use the proceeds to expand its cloud-based Software-as-a-Service.
HSBC signs multi-year cloud deal with AWS
Amazon Web Services is to become a “long-term strategic partner” for HSBC.
Why there’s no slowdown in SaaS
How SaaS reconciliation tech can help banks to properly process and control mission-critical transactional, operational and reference data.
Singapore’s ADBC signs MoU with Tencent Cloud
New Singapore bank plans cloud boost.
Why mid-sized players should embrace the direct-to-consumer model
It’s imperative for businesses to be able to help customers directly.
Mambu inks partnership with Google Cloud
Technology firm will host its platform on Google infrastructure.
Two founders turned bankruptcy into growth
The start-up landed a €2.5m seed investment this year from Paris-based investor BlackFin.
Report: Ten trends in reshaping banking in 2020
Business model, agile organisation, ubiquitous automation, technology modernisation, and culture and workforce transformation.
UniCredit teams with fintech Taulia to boost trade finance capacity
The fintech will allow the bank to serve more clients in and outside of Europe.
CaixaBank signs cloud management deal with IBM
The two firms have worked together since 2011.
Mambu snaps up MD for North America arm from Finastra
Johanna Pugh spent four years at core banking provider Finastra.
Santander invests in Brazilian alternative lender a55
“We began our journey in a kitchen trying to lend our own money,” says start-up.
Banco Itaú International picks Temenos Infinity to revamp wealth management
The Brazilian financial group is revamping its international and Swiss operations.
BHD Leon picks Temenos Transact to power geographic expansion
The Dominican bank is aiming for a wholesale digital transformation.
Bank of the Philippine Islands deploys Avaloq Banking Suite as SaaS
The new client is Avaloq’s first in the Philippines.
Yemen’s Al Kuraimi Islamic Bank selects Temenos for digital banking
KIB currently serves 1.2 million customers.
Minna Technologies pilots subscription management for RBI’s Tatra banka
The pilot is part of RBI’s ‘Elevator Lab Programme’.
IBM names former Bank of America exec as new cloud head
Howard Boville steps in as Arvind Krishna takes over from chief Ginni Rometty.
NatWest’s Mettle gives users access to FreeAgent’s accounting software
User will need to make one transaction per month minimum for the free service.
KBC spins out wealthtech business into new start-up ‘everyoneINVESTED’
The start-up will focus on B2B services to help firms attract younger investors.
Trustonic lands security deal with South Korea’s biggest bank
“KB Bank are taking a more open market approach,” says Trustonic.
Poland’s KIR issues e-signatures with Cryptomathic
The release will push along deals otherwise on hold due to social distancing measures.
Digital app One selects Finxact core banking system
New digital player to deploy Finxact on the cloud.
Path Solutions signs Somalian challenger MyBank for iMAL core
Path Solutions says it now has a “stronger focus” on the Somali market.
Appian unveils software to help banks operate amid coronavirus outbreak
The application is only available to companies with more than 1,000 employees.
Goldbell Financial Services picks Mambu to power debt investment
Singapore finance provider picks Mambu’s SaaS banking platform.
Al Ansari Exchange chooses Pelican’s AI-based AML solution
Al Ansari Exchange hopes to create “an industry-leading compliance framework”.
UniCredit finds two new partners in Tel Aviv’s PayKey and equensWorldline
PayKey is a social app payments integrator, and equensWorldline a pan-European payments processor.
