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.
USA
Two more US credit unions join Fiserv in tech revamp
Illinois Educators Credit Union and Members Financial select Fiserv for their tech overhauls.
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.
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.
Dell posts smaller Q3 loss
The company continues to absorb its EMC acquisition, as well as branch out into new areas, such as IoT.
Five US credit unions in core tech revamp with Fiserv’s DNA
Five credit unions in the US have opted to implement Fiserv’s DNA core processing platform.
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.
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.
Payoneer lands funding from China Broadband Capital
Cross-border payments company Payoneer announced today it has received funding from China Broadband Capital (CBC). While the amount of funding was undisclosed, the company specified that this week’s Series E-1 round follows the $220+ million Series E round received last year. This adds to the company’s total funding amount, which previously stood at $270 million.
CoreOS extends Tectonic into open cloud services
CoreOS is continuing to move up the stack by adding developer services into Tectonic, the start-up’s Kubernetes implementation.
Tungsten Network and BNP Paribas e-invoicing takes away pain in supply chain
Tungsten Network will work with BNP Paribas to offer e-invoicing linked receivables purchase and e-invoicing linked supply chain finance (e-SCF) to large corporates in the US and Canada.
First Bank chooses Crmnext’s human touch for branch revamp
North Carolina-based First Bank has selected Crmnext’s customer relationship management (CRM) solution for a branch overhaul.
Intel’s Diane Bryant jumps over to Google Cloud
Diane Bryant’s leave of absence at Intel has become permanent, as she’s joining Google Cloud as COO, working with Diane Greene.
Equinix makes major global cloud play
Equinix has announced a major expansion of its Equinix Cloud Exchange and in the process, dove much deeper into the enterprise market.
WePay to power payments for Volusion
Having finalised its acquisition of WePay, JP Morgan Chase announced that it has already put the payments platform to work: powering commerce platform Volusion, reports Finovate (Banking Technology’s sister company).
Barclaycard building digital bank in US
Barclaycard is rebranding itself to Barclays in the US as part of its retail digital banking strategy in 2018.
Hartford InsurTech Hub hails hearty start-ups for 2018
Connecticut-based Hartford InsurTech Hub, powered by Startupbootcamp, has unveiled its 2018 cohort of start-ups for its inaugural insurance acceleration programme. The 11 selected firms comprise a mix from sectors such as artificial intelligence (AI), big data analytics and natural language processing (NLP) combined with cybersecurity, smart home and health insurance. According to the hub, over […]
AWS goes on GuardDuty for cloud security
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 […]
RightCapital integrates with Envestnet | Tamarac API
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 launches private cloud connection service
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’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 […]
Amazon brings machine learning to “everyday developers”
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 […]
Ephesoft clearly unveils mobile document capture solution
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 […]
HPE: can new boss bring back the magic?
Meg Whitman was a wartime CEO for Hewlett Packard Enterprise (HPE). Now, she says, the company needs new leadership – Antonio Neri, a technologist who came up through the company ranks, reports Enterprise Cloud News (Banking Technology’s sister publication). In a transition announced last week, Whitman is leaving the CEO position in February, replaced by […]
Validata lands core banking testing deal in US
Validata has inked a deal with a large US bank to deliver quality assurance for the bank’s Temenos T24 core banking transformation project. Banking Technology understands this is Commerce Bank.
HPE adding AI to data centres with Nimble acquisition
Earlier this year, Hewlett Packard Enterprise (HPE) went on an acquisition spree meant to help the company improve its standing in the data centre market with products to address a range of issues customers faced as they moved to the cloud, reports Enterprise Cloud News (Banking Technology’s sister publication). Now, one of those deals is […]
Kabbage expands small business funding with $200m credit facility
Alternative credit company Kabbage has a lot to be thankful for this week. The Atlanta-based start-up received a new $200 million revolving credit facility from Credit Suisse bringing its total debt funding to $750 million, reports Julie Muhn at Finovate (Banking Technology’s sister company). Kabbage emphasised that this credit facility diversifies its funding sources, which will help it […]
Coinbase goes into Custody to let investors store digital assets
Who knows how much more appreciation in the price of Bitcoin will be required to encourage notorious cryptocurrency skeptic and JP Morgan CEO Jamie Dimon to endorse investing in digital assets. But when he does, a new company launched by Coinbase called Coinbase Custody will be there to make sure he does it the right […]
ForwardLane unveils new AI APIs
US-based ForwardLane has introduced a pair of new artificial intelligence (AI) APIs that apply natural language processing and deep learning AI for managing research data and communication, reports David Penn at Finovate (Banking Technology’s sister company). “The two APIs empower the world’s leading asset managers, wealth mangers, and insurers augment the capabilities of their star performers and […]
Wanted: US-based bank for crypto-friendly fun
It wasn’t spotted on Craigslist but here’s an unusual request. If you are the owner of a small or medium-sized bank in the US and are ready to sell it completely (or partially) – you have a buyer! Vladislav (aka Slava) Solodkiy, managing partner at venture capital (VC) firm Life.Sreda, is being refreshingly direct and […]
Alogent adds Jwaala to digital banking tech portfolio
US firm Alogent has acquired a Texas-based digital banking tech vendor, Jwaala, for an undisclosed amount. Alogent, which is based in the US state of Georgia, says it will continue to support Jwaala’s collection of solutions, which will be marketed under the new name, Alogent Digital. Dede Wakefield, Alogent CEO, describes the acquisition as “the […]
Actiance acquired by K1 Capital Management
Communications compliance and analytics company Actiance has made its exit this week. The California-based company has been acquired by K1 Investment Management, an investment firm focused on acquisition-based growth opportunities, reports Julie Muhn at Finovate (Banking Technology’s sister company). K1 will join Actiance with its rival, Smarsh, which specialises on archiving compliance. The combined company will reach […]
Top fintech stories this week – 17 November 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
InvestCloud goes Neon and Gray for wealthtech way
US-based InvestCloud has released two new lines of financial apps – Gray and Neon – to run on its digital platform. InvestCloud Gray digitises client interactions, providing a platform for wealth managers. While InvestCloud Neon enables wealth managers and financial institutions to automate trading, accounting and middle-office workflows. It also supports the real-time processing of […]
Microsoft doubles down on open source and analytics for developers
Microsoft’s embrace of open source software is about to get a lot bigger as the company is rolling out several new tools and services designed to help developers create applications designed for the cloud, as well as highly specialised apps for artificial intelligence (AI) and the internet of things (IoT), reports Enterprise Cloud News (Banking […]
Rainmaking Colab kicks up a storm for fintech innovation
Rainmaking Colab is looking to make its new model of innovation reign via a theme-based fintech programme that taps into mature markets. Created by the founders of Rainmaking and Startupbootcamp FinTech, they say “mature fintech markets like New York and London are starting to experience ‘accelerator fatigue’ and require a new way of thinking to […]
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% […]
Microsoft warns of multicloud risk
Some enterprises worry about giving all their public cloud business to one provider and getting locked in. But multicloud has its own risks, says Microsoft Azure chief technology officer Mark Russinovich. Enterprise Cloud News (Banking Technology’s sister publication) reports that enterprises pursue a multicloud strategy to help negotiate a better pricing, among other reasons. But […]
TrueAccord lands $22m to humanise debt collection
Online debt collection service TrueAccord has received $22 million in funding – bringing its total amount to almost $34.5 million, reports Julie Muhn at Finovate (Banking Technology’s sister company). Leading the round was Arbor Ventures. A mix of existing and new investors, including Arbor, Nyca Investment Partnership, Assurant Growth Investing, Caffeinated Capital Fund, Felicis Venture, TenOneTen and Crystal […]
