Application service provider

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AWS announces generative AI service to create apps

/ai

AWS announces generative AI service to create apps

Named AWS App Studio, financial institutions, fintech firms and virtually any organisation are now able to build an application that could have taken a professional developer days to create from scratch, but in minutes.

Amazon Web Services and Microsoft cloud duopoly to be investigated by Ofcom

/cloud

Amazon Web Services and Microsoft cloud duopoly to be investigated by Ofcom

Historically, it could be argued that financial institutions were beholden to pick between AWS, Google Cloud and Microsoft Azure for all workloads due to availability, but with other smaller cloud providers offering private cloud fabrics, financial organisations are considering hybrid or multicloud options. However, Ofcom has an alternative view.

US banking heavyhitters invest $20m in low-code platform Genesis

/devops

US banking heavyhitters invest $20m in low-code platform Genesis

Bank of America, BNY Mellon and Citi have invested $20 million into the low-code platform, Genesis Global.

Nasdaq unveils dark pool hosting plan

/Application service provider

Nasdaq unveils dark pool hosting plan

Nasdaq is apparently in negotiations with a number of banks and brokers about taking over the running of their dark pools, according to Reuters.

Stripe cuts red tape for startups entering the US

/Application service provider

Stripe cuts red tape for startups entering the US

Payments processor Stripe has launched a service which lets entrepreneurs incorporate a US company, open a bank account and start accepting payments within days, sidestepping the bureaucratic red tape that small companies must navigate when expanding into new markets.

CaixaBank invests EUR500m in contactless ATMs

/Application service provider

CaixaBank invests EUR500m in contactless ATMs

Spain's CaixaBank has struck a EUR500 million deal with Fujitsu to build 8500 cash machines fitted with contactless readers.

Microsoft issues warning to India's XP-loving banks

/Application service provider

Microsoft issues warning to India's XP-loving banks

The Indian banking industry's reliance on Windows XP could put more than 34,000 branches at risk when Microsoft ends support for the operating system in April.

Temenos targets US SaaS banking market through TriNovus acquisition

/Application service provider

Temenos targets US SaaS banking market through TriNovus acquisition

Temenos has acquired TriNovus in a move designed to help the Swiss core banking vendor break into the US software-as-a-service (SaaS) market.

ION Group agrees FFastFill acquisition

/Application service provider

ION Group agrees FFastFill acquisition

ION Group's acquisition spree shows no sign of ending, with the fintech firm's Pattington subsidiary agreeing to buy FFastFill in a cash deal which values the UK derivatives trading vendor at £106.1 million.

Global core banking market set to reach $5.1 billion as banks loosen purse strings - Celent

/Application service provider

Global core banking market set to reach $5.1 billion as banks loosen purse strings - Celent

The global core banking market was worth around $4.8 billion last year and is expected to grow to $5.1 billion by the end of 2013, according to research house Celent.

Temenos partners Wipro on core banking ASP offering; posts Q1 loss

/Application service provider

Temenos partners Wipro on core banking ASP offering; posts Q1 loss

Swiss fintech vendor Temenos has teamed with Indian counterpart Wipro to punt a core banking offering on an application service provider (ASP) model to small European banks.

FIS buys Gifts Software

/Application service provider

FIS buys Gifts Software

FIS has acquired Gifts Software, a provider of funds transfer, cash management and anti-money laundering (AML) technology. Financial terms of the deal were not disclosed.

Deutsche Bank puts TSU to the test with first live corporate

/Application service provider

Deutsche Bank puts TSU to the test with first live corporate

Almost five years since it was among 19 banks to begin testing Swift's Trade Services Utility, Deutsche Bank has conducted its first live transactions with a corporate customer using the utility.

Barclaycard partners KashFlow on e-invoicing trial

/Application service provider

Barclaycard partners KashFlow on e-invoicing trial

Barclaycard has teamed with UK Software-as-a-Service (SaaS) accounting firm KashFlow to pilot an e-invoicing service for merchants.

Misys and SmartStream forge post-trade STP tie-up

/Application service provider

Misys and SmartStream forge post-trade STP tie-up

Fintech vendors Misys and SmartStream Technologies have formed a partnership designed to tackle risk control problems and inefficiency across the trade transaction lifecycle.

Fidessa launches LatentZero as a Service

/Application service provider

Fidessa launches LatentZero as a Service

Fidessa has launched a Software as a Service (SaaS) version of LatentZero, its front office offering for buy-side institutions.

Bank of America sells B2B e-payment and invoice business to Bottomline

/Application service provider

Bank of America sells B2B e-payment and invoice business to Bottomline

Bank of America is selling its business-to-business electronic payment and invoice network, PayMode to Bottomline Technologies as part of a multi-year agreement with the vendor. Financial terms were not disclosed.

SmartStream unveils new CEO, launches on-demand recs service

/Application service provider

SmartStream unveils new CEO, launches on-demand recs service

Philippe Chambadal, head of DIFC Investment's acquisition vehicle DClear, has taken the reins at SmartStream after Ken Archer stepped down in February. DClear became SmartStream's parent company in November 2007 when DIFC stepped in to acquire the vendor after its aborted IPO. Chambadal's first major task as CEO has been overseeing the development and launch of a software-as-a-service (SaaS)-based delivery model for the company's TLM Reconciliations product.

Finextra launches Innovation Showcase

/Application service provider

Finextra launches Innovation Showcase

Finextra has launched the Innovation Showcase, a new feature on Finextra.com highlighting the most innovative financial technology developments over the past 12 months. Across a broad range of categories it showcases technologies that demonstrate uniqueness and impact, clever ways of solving a problem and projects at the leading edge of new industry trends.

Instinet Europe implements Broadridge back office ASP

/Application service provider

Instinet Europe implements Broadridge back office ASP

Instinet Europe has signed for outsourcing provider Broadridge Financial Solutions' international securities processing system, Gloss.

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