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 […]
Who doesn’t love a trilogy? Following on from the round-ups on Thursday (30 November) and Tuesday (28 November) here’s another slice of fintech funding action. Features Deposit Solutions, Hanson Robotics’ Sophia, and BNP Paribas Asset Management. Germany’s Deposit Solutions, an open banking platform for deposits, has closed an investment round of $20 million led by […]
“We have created a more digital, agile and flexible TSB,” stated Paul Pester, CEO of TSB, at the unveiling of the bank’s new technology platform, Proteo4UK.
Visa has come out victorious after the UK High Court dismissed the case against processing fees made by UK supermarket chain Sainsbury’s.
Quickly following on from yesterday’s (30 November) blockchain and Bitcoin round-up, here’s more action. Features money laundering in Japan; Coinsource ATMs in Georgia; Cardano Foundation, IOHK and Emurgo teaming up; and PwC in Hong Kong. Over in Japan, Kyodo and Jiji news sites have reported 170 cases of suspected money laundering linked to cryptocurrencies were […]
The agreement by Silicon Valley accelerator Plug and Play and Abu Dhabi Global Market (ADGM) is the latest sign that the hot MENA fintech sector is about to get a lot warmer, reports David Penn at Finovate (Banking Technology’s sister company). The new partnership calls for Plug and Play to open a new office in Abu Dhabi […]
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 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 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 […]
There is another wave of cuts as the Royal Bank of Scotland (RBS) is closing 259 more branches and axing 680 jobs. This development follows the previous branch closure announcements which resulted in over 500 branches being lost. In June, RBS said 443 jobs are to go from its business loans department. Many of these […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
CNP Cyprus insurance holdings has chosen Profile Software’s IMSplus solution to manage its assets and fund management requirements to achieve “operational efficiency”.
Customers of Lloyds and Bank of Scotland have reported a host of payment processing problems as UK banks yet again fail to deliver banking services. In the repellent realm of Twitter, some users reported that wages weren’t paid at the end of the month. With the processing system down, bosses couldn’t pay their staff and […]
Allianz with its in-house incubator, Allianz X, has switched gears and pivoted towards a new range of digital investments.
Coming straight after yesterday’s (29 November) fun and games, here’s another quick summary of the blockchain and Bitcoin action. Features the European Central Bank, Tieto, Coinsilium Group and StartupToken. Well, Bitcoin went past $11,000. And then dropped. As you read this it will have changed again. So, opinions are aplenty. And… banks should speed up […]
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 […]
We did say there will be no quiet days. Coming straight after yesterday’s (29 November) action, we bring another payments round-up. Features Interac, nanopay, Remitr, ADGM, Nordea, Nets, Facebook and Amazon.
Quickly following on from Tuesday’s (28 November) funding round-up, here are more stories from a cash-drenched world. Features 1QB Information Technologies, FinTecSystems, Betalo, Nordea and Constellation Digital Partners. 1QB Information Technologies (1QBit), a quantum computing firm based in Vancouver, has closed a CA$45 million ($34.9 million) Series B round comprising equity and revenue contracts. This […]
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 […]
Business expense management firm Concur has introduced a new receipt solution, integrated with China’s WeChat platform, that makes it easier for businesses and their employees working in China to track expenses and remain compliant, reports David Penn at Finovate (Banking Technology’s sister company). The technology, Concur e-Fapiao (it means “e-receipt”), gives employers real-time access to an employee’s […]
Société Générale has unveiled plans to cut costs and push itself forward towards digital banking – translation: the closure of branches and job cuts in France by 2020.
The UK trade union Unite has revealed that Lloyds has informed staff it will be closing another 49 branches of the Halifax, Bank of Scotland and Lloyds, resulting in 99 job losses. Rob MacGregor, Unite national officer, says: “Having returned to profitability Lloyds needs to stop ignoring its corporate social responsibilities. Just over six months […]
FIS has unveiled Code Connect – an online gateway that allows its clients and third-party developers to access FIS APIs for use in developing and testing new solutions. With APIs more popular than free alcohol at a fintech conference, FIS joins the masses seeking to capitalise on the API fever. Code Connect includes more than […]
German digital account exchange provider FinReach has expanded into Austria and Spain – meaning its service is now used by over 500 banks in three countries. In Austria, FinReach has partnered with, amongst others, banking group Raiffeisen Austria, which includes 434 banks and has 1.7 million customers. In terms of the Spanish market, Self Bank, […]
In the tech world, an arms race usually a metaphor for two companies battling for supremacy, but McAfee thinks it might be a bit more literal for artificial intelligence (AI) as hackers upskill to make use of the breakthrough, reports Telecoms.com (Banking Technology‘s sister publication). As one of its predictions for 2018, security software vendor […]
Bitcoin high, Russian firsts, trade finance digitisation, US moves, and an interoperability alliance. Another day of action in the busy blockchain and Bitcoin world. Features Sberbank, IBM, Infosys Finacle, BitFlyer and the Blockchain Interoperability Alliance. Doubt you missed it, but Bitcoin has reached an all time high of $10,000. We were inundated with similar comments […]
Who can not get enough of top ten lists? This latest infographic shows the top ten benefits of the SEPA Instant Credit Transfer scheme.
Amazon Web Services (AWS) kicked off its annual re:Invent conference with a new service designed to make its cloud more competitive to enterprise IT in performance and security, reports Enterprise Cloud News (Banking Technology’s sister publication). EC2 Bare Metal Instances gives enterprises the “best of both worlds,” Peter DeSantis, AWS VP of global infrastructure, said, […]
No quiet days, and no respite from the action. Our latest paytech round-up stars Instarem, Form3, Starling Bank, Optile and Worldpay. Singapore-headquartered start-up Instarem has expanded into Malaysia, “solidifying its presence” in Asia Pacific (APAC). The firm already has individual and corporate customers in Singapore, Australia and Hong Kong. Instarem says it has licences in […]
AlphaPoint has announced plans to build a new public blockchain network that will enable users to digitise real-world assets and monetise them across new markets, reports David Penn at Finovate (Banking Technology’s sister company). The network, dubbed the AlphaPoint Public Network (APN), will be the first public blockchain built based on Intel SGX technology. AlphaPoint will fund […]
Microsoft and SAP are expanding their current cloud partnership to include additional support for SAP software running on the Azure public cloud. The two companies also plan to use each other’s applications internally, reports Enterprise Cloud News (Banking Technology’s sister publication). The expanded partnership coincides with Microsoft’s biggest rival for public cloud – Amazon Web […]
It’s been a good year for banks as in a first since the launch in 2014, the (BoE) reveals that no bank needed to strengthen its capital position as a result of its latest stress test.
Sprechen Sie Deutsch? Switzerland’s PostFinance has unveiled a German language virtual assistant on its website – generating automatic replies to customers’ most frequently asked questions. PostFinance, keen to tap into the fintech zeitgeist for artificial intelligence (AI), says it’s the “first Swiss financial institution” to launch such a chatbot. It was developed by the IT […]
Business and financial software company Intuit has chosen Amazon Web Services (AWS) as its standard for machine learning (ML) and artificial intelligence (AI) workloads.
VMware and Amazon Web Services (AWS) are expanding their hybrid cloud partnership to run VMware workloads at “very large scale” on AWS, a VMware executive says. VMware is launching new tools for migrating and scaling production applications to AWS, as well as business continuity and disaster recovery services, reports Enterprise Cloud News (Banking Technology’s sister […]
No slowing down when it comes to the fintech funding action and this week we’ve got three of the latest stories for another ever-informative round-up. Featuring MoneyMe, TreasuryXpress and Chip.
With PSD2 on its way in January next year, the European Commission has confirmed the deadline for its regulatory technical standards (RTS) will be around September 2019. By way of recap, the security measures outlined in RTS stem from two key objectives of PSD2: “ensuring consumer protection and enhancing competition”. RTS introduces requirements that payment […]
Nordea’s start-up and growth unit has unveiled a new partnership agreement with Nordic Business Angel Network (NordicBAN), a network of start-up investors in the Nordics and Baltics.
With our newest conferences – FinovateAsia and FinovateMiddleEast – back-to-back, we wanted to examine unique trends to those regions, reports Julie Muhn at Finovate (Banking Technology’s sister company). Each place has its own distinctive culture, and with that comes not only individual financial needs, but also a particular set of regulatory rules. These factors not only create […]
BehavioSec has partnered with identity management firm Crossmatch in a deal that will add keystroke capture to Crossmatch’s composite authentication platform, DigitalPersona, reports David Penn at Finovate (Banking Technology’s sister company). “We selected BehavioSec’s platform because they are singularly focused on behavioural biometrics and have well-established and proven technology that already serves more than 35 million end […]
