Financial Services/Finserv


Bankers and retailers – will we see roles switch? Or simply morph into a single discipline?

Technology is having a tremendous impact on the way communities shop so changes are more or less expected as we see these shopping mall operators push back on so many dire predictions being made about them. But can they change and yes, could these changes lead to a greater overlap with banking as it exists today? Do we even need differentiation between the two and yes, will they both be able to keep us satisfied when it comes to access to our cash?

VMware and Amazon grow hybrid cloud tie-up

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 […]

Wealthtech: a market poised for extended growth

Rapid changes are occurring in the wealth management space and the level of disruption in how advice and capital are managed is only beginning. Wealth management is a monumental industry. The players in the space run the gamut from gigantic hedge funds to individuals who manage their own investments. This changing wealth management landscape is driving a significant uptick in transactions.

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. […]

Forrester: don’t give up on private clouds, yet

For the past several years, private clouds have taken a backseat to the big public cloud providers, with Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform sucking up all the oxygen around the conversation of how to manage enterprise infrastructure, reports Enterprise Cloud News (Banking Technology’s sister publication). Now, however, private clouds are […]

Payments round-up: 22 November 2017

Hot on the heels from Monday’s (20 November) round-up, here are more lively adventures in the paytech space. Featuring Manigo powering up; Volante Technologies and eVision in North Africa; and ACI Worldwide and Payworks getting friendly. Digital money platform Manigo has launched. The firm, which is based in London’s tech hub Level39, says it will […]

SumUp teams with BancoEstado for cool mobile card deal in Chile

SMEs in Chile have just won a new ally when it comes to making it easier to accept mobile card payments. The country’s largest national bank, BancoEstado de Chile, has partnered with SumUp to launch a joint venture (JV) that will give Chilean businesses the ability to offer “anytime, anywhere” mobile card acceptance without fees […]

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 […]

Blockchain and Bitcoin round-up: 21 November 2017

From major crimes to KYC times. Our latest blockchain and Bitcoin round-up features Tether, Metal, Deutsche Bank and IBM. Digital currency firm Tether is feeling under the weather as it has reported that “funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker”. The amount is a rather large […]

Configo launches cloud environment

Digital sales and engagement firm Configo is taking its technology to the cloud. The company is making its Live Experience Platform – which gives FIs the ability to create customer-centric, personalised digital experiences – available as a Software-as-a-Service (SaaS) solution, reports David Penn at Finovate (Banking Technology’s sister company). Until now, Configo’s platform was installed on-premise. The new cloud […]

AWS and VMware vs Cisco and Google: a cloud fight worth watching

At one time in the not-so-distant past, Amazon Web Services (AWS), Cisco, Google and VMware all competed against each other in the cloud market space. While AWS and Google succeeded with their cloud ambitions, Cisco, with its Intercloud platform, and VMware, with vCloud Air, failed to gain much traction Enterprise Cloud News (Banking Technology’s sister […]

Faure to fintech – what music can teach us about communicating the benefits of tech

On the surface Handel or Shostakovich seem a world away from the world of finance. Yet, strange as it may seem, the similarities are there. This is because both the mechanics behind music and the technology underpinning the digital transformation are – unless you’ve had first-hand experience of either – pretty abstract concepts to understand.

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 […]

Multicloud can lead to management nightmare – survey

As enterprises move to a multicloud universe that combines different public and private clouds, the question now becomes how to manage all these competing platforms as the complexity builds? Enterprise Cloud News (Banking Technology’s sister publication) reports that’s the question at the heart of a study released this week by research firm opinion.life and sponsored […]

All aboard the Amex blockchain payments express

American Express has launched blockchain-enabled, business-to-business cross-border payments with Santander using Ripple’s network. The Amex FX International Payments (FXIP) business is working with Ripple to make blockchain payments commercially available, “reducing the time and cost of settlement”. Santander UK is the selected partner to initiate this new transaction channel. Marc Gordon, EVP and CIO at […]

Give donations better with Betterment

Robo advisory platform Betterment says it is not only making it easier to give to charities, it is also giving consumers more reasons to do so, reports Julie Muhn at Finovate (Banking Technology’s sister company). Starting 28 November, on “Giving Tuesday”, Betterment investors will be able to donate shares of long-term investments from their taxable accounts directly to […]

TransferTo and Fern Software get UN funding for payments push

Cross-border mobile payments network TransferTo and banking software provider Fern Software have both been awarded a grant as a part of the United Nations Capital Development’s Shaping Inclusive Finance Transformation (Shift) Challenge Fund, reports Julie Muhn at Finovate (Banking Technology’s sister company). The goal of the fund is to use remittances to improve the economic power of women […]

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 […]

When are we going to look at the human cost of AI?

Another week has passed, and another piece of research has emerged about the potential of artificial intelligence (AI), but the human cost is starting to become a very big elephant, reports Telecoms.com (Banking Technology‘s sister publication). The research itself is from SAS and highlights businesses are becoming normalised to the idea of AI. The concept […]

Cisco creates $1bn financing programme for smart cities

Cisco is looking to expand its presence in the smart city and internet of things (IoT) markets with a $1 billion financing program that will allow communities to make investments in their infrastructure with the vendor’s financial backing, reports Enterprise Cloud News (Banking Technology’s sister publication). The City Infrastructure Financing Acceleration Programme also has backing […]

Blockchain and Bitcoin round-up: 14 November 2017

Hot on the heels of yesterday’s (13 November) action, here’s our latest blockchain and Bitcoin round-up. Featuring Bitcoin Gold, OTC Exchange Network, Deloitte and Github. Bitcoin Gold (BTG), the newest fork of the Bitcoin blockchain, has officially gone live. It’s not the first to breakaway from Bitcoin, as previously in August, Bitcoin Cash (BCC) launched. […]

Rackspace and HPE offering OpenStack as private cloud service

With most of the chatter in the cloud computing market focused on the big public cloud providers, it’s easy to forget that private cloud is a viable option for many larger enterprises. Now, Rackspace and Hewlett Packard Enterprise (HPE) are looking to change that, reports Enterprise Cloud News (Banking Technology’s sister publication). The two companies […]

Fintech funding round-up: 10 November 2017

Just when you thought there couldn’t be more following yesterday’s (9 November), Wednesday’s (8 November) and Tuesday’s (7 November) fintech funding round-ups, here’s more news action. Featuring Crux, Accern and Blume Ventures.

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 […]

Mobey Day Barcelona: disruption, money and forward thinking

This year’s Mobey Day continues with the consistent collaboration between banks, start-ups and fintechs. Focusing on the development of technology during a time of disruption, the biggest players drew attention to leading in future challenges and trends.

Avoid a bank branch nightmare this Halloween

Trick or treat! It’s Halloween and brands everywhere are using spooky season as a way to have some fun with customers. However, any ghoulish behaviour belongs firmly in the land of fun, and should not creep into everyday customer interactions

Fintech funding round-up: 27 October 2017

Just when you thought there couldn’t be more; the latest stories from the fintech funding world returns for another round. Features Constellation, Credit Sesame and Jirnexu.

Map: fintech landscape

A very detailed map of the current fintech landscape, produced by VentureBeat, listing hundreds of companies in the banking, payments, investments, financing, insurance, infrastructure and enabling technologies verticals.