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.
FinTech
Simility adds PayPal as investor in $17.5m funding round
Risk management firm Simility locks in $17.5 million in new funding, with help from PayPal.
AWS opens second cloud region in China
Amazon Web Services now plans to open its second cloud computing region in China.
Emirates NBD appoints chief digital officer, seeks fintech partnerships
Emirates NBD’s new chief digital officer is on the lookout for partnerships with fintechs.
Kaspersky names WannaCry “vulnerability of the year”
The baddest boy on the security block.
PSD2: regulation as a catalyst for innovation
PSD2 comes into force on 13 January 2018. It aims to open up the European payments market to greater competition and transparency, but its effect will be more far-reaching, acting as a catalyst for innovation not just in payments, but in the wider financial services market.
Google shows love for AI with new centre in China
Google has unveiled an AI centre in China as it searches out humans with ML talent.
Fintech funding round-up: 13 December 2017
This round-up features Finstar, State Street, FRISS and iZettle.
Nesta reveals ten winners of SME innovation challenge
Nesta names prize winners at the conclusion of stage one of its Open Up Challenge.
IBM hot for bots with asset exchange launch
IBM has unveiled its Bot Asset Exchange – a place for chatbot development.
GDPR vs PSD2: a challenging contradiction or two sides of the same coin?
Are GDPR and PSD2 really that dissimilar and incompatible? Or do they combine to create a robust security mind set?
Gremlin looks to bring “chaos engineering” to cloud masses
US start-up is looking to help enterprises improve cloud applications’ reliability.
Cisco study finds an IoT data paradox
People like what IoT does, but don’t trust firms with the data that sensors and connected devices collect.
Atos bids €4.3bn for Gemalto to create IoT giant
An attempt to create an industry powerhouse in the markets for cybersecurity and digital products.
ING cuts bond trading time with AI-powered Katana
The name’s bond. Tamed bond.
Avoka raises $16m in new funding
Digital customer acquisition technology firm gets equity funding in a round managed by Moelis Australia.
Microsoft releases quantum development kit for AI
Microsoft sets out ambitions to create a quantum computer that can be used to address complex issues such as AI.
Rise of the machines will be monitored
The Financial Stability Board has stated in its first report on AI that the risks they pose need monitoring.
Blockchain and Bitcoin round-up: 11 December 2017
Featuring the Gibraltar Parliament; Cboe Global Markets; and Waves Platform, Ethereum and Deloitte teaming up.
IoT spending to reach $772bn in 2018 – report
Spending on IoT could reach $772.5 billion by the end of 2018, with the whole market headed toward $1 trillion by 2020.
Best Innovation Group brings Enrichment to credit union with Amazon Alexa
Enrichment FCU has rolled out Best Innovation Group’s financial interaction voice experience Amazon Alexa skill.
Fintech funding round-up: 11 December 2017
This round-up features WorldRemit, PAIR Finance and an update on Sophia the AI robot and SingularityNET.
Cisco buys cloud optimisation firm Cmpute.io
Looking to take some of the pain out of managing multicloud environments.
Fintech companies will be a new kind of business in 2018
Fintech companies will find that they are a different kind of business in 2018 than they were in 2017.
Report: Global security spending will top $96bn in 2018
New regulations are forcing enterprises to spend more of their IT budgets on security.
Blockchain and Bitcoin round-up: 8 December 2017
The latest features IOTA, Microsoft, Indonesia’s central bank and Australian Securities Exchange.
Coinbase caught up in Bitcoin blowout
What happens when you’re facilitating the trade of a product that is experiencing extreme hockey stick growth?
Dell posts smaller Q3 loss
The company continues to absorb its EMC acquisition, as well as branch out into new areas, such as IoT.
UK cybersecurity centre showcases second wave of start-ups
The UK’s National Cyber Security Centre has revealed its latest batch of nine cybersecurity start-ups.
Fifth Third Bank chooses FIS for real-time payments
US-based Fifth Third Bank has chosen FIS to enable real-time payments (RTP) for its customers through The Clearing House’s (TCH) payments system.
Startupbootcamp launches Scale innovation programme for start-ups
Startupbootcamp has unveiled the launch of Startupbootcamp Scale, an innovation programme for growth stage start-ups in emerging markets.
Survey report: UK bank account opening comparison
Have any UK high street or challenger banks made the jump to 100% digital onboarding?
Alior Bank to launch fintech accelerator
Alior Bank has unveiled its acceleration programme for technology start-ups using the OpenAPI environment based on IBM technology, implemented by business solutions developer Tuatara.
What is the future of digital cash?
The recent World Economic Forum (WED) report “Sweden could stop using cash by 2023”, says that the country is moving towards favouring cards and mobile payment apps. Yet retailers are expected to accept cash for at least a couple of years afterwards.
Top fintech stories this week – 8 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Fintech Connect Live 2017: the unleashing of AI and ML
Fintech Connect Live 2017 is a gathering of some of the biggest players in the fintech. With the looming rise of open banking and the cryptocurrency surge, it’s the smaller start-ups and innovators of smart technologies in banking that are making headway with use of artificial intelligence (AI), machine learning (ML).
Blockchain and Bitcoin round-up: 7 December 2017
Blockchain and Bitcoin round-up – features a nasty hack on NiceHash; Pundi X in Indonesia; a Deluge Network for ICOs; and Blockchain Centre Vilnius in Lithuania.
Prevoty raises $13m in Series B funding
Real-time app security platform Prevoty has got an investment of $13 million. The Series B round was led by Trident Capital Cybersecurity, and featured participation from existing investors such as USVP.
Viola plans to pull strings with $100m fintech fund
Israeli investment group Viola has tuned up nicely with an initial closing of $100 million toward a target of $120-$150 million for its new global fintech fund.
The missing link: the supply side of cryptocurrency
Supply and demand are the bedrock of market-based economics. To achieve economic equilibrium, supply and demand must be in balance. If one is too high or too low, the system is in a state of disequilibrium, associated with inefficient allocation of goods – not a healthy state.
