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SumUp appoints CEO, CFO, and new board members

Global fintech SumUp has reinforced its European operations with a series of strategic executive appointments based at its Dublin office. Niall Mac an tSionnaigh is now CEO of SumUp Limited, SumUp’s Irish operating company, and Alastair Nolan, who joined as SumUp Group’s CFO Europe, will serve as SumUp Limited’s Head of Finance.

/devops

Edge computing company inq. prepares for pan-African play

In a strategic move aimed at enhancing client experience, inq., a global leader in Edge solutions, has directed its efforts on better servicing clients through South Africa, a key region with a significant presence of multinational corporations. This aligns with the new group-level strategy to leverage South Africa's robust market landscape, ensuring that its diverse client base expectations are exceeded through the concentration of efforts in the region.

/payments

PAX Technology unveils revolutionary eSIM solution for payments

PAX Technology, Inc., a leading global payment solution provider, is pleased to announce the groundbreaking eSIM solution, Airlink, an IoT data service, powered by Uptrillion™, revolutionizing the way businesses stay connected.

/cloud

SC Ventures leads funding for cloud provider Hive

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is leading a €12 million (USD $13 million) Series A round for distributed cloud provider Hive, to increase access to sustainable, high-powered computing resources for businesses and individuals

/markets

Viva.com activates Cartes Bancaires on Tap to Pay on iPhone in France

Viva.com proudly stands as the first among other acquirers such as Adyen, Banque Populaire, Caisse d’Epargne, and BNP Paribas, to activate Cartes Bancaires on Tap to Pay on iPhone.

SumUp releases suite of new product features

/payments

SumUp releases suite of new product features

Global fintech SumUp has announced its array of new product features to support small businesses at the company’s annual event.

/startups

Luminovo raises €11 million in seed round to innovate electronics industry

Luminovo, the AI-powered software suite helping electronics leaders bring vital innovations to market faster, cheaper and more sustainably – has raised €11 million in a seed round led by Chalfen Ventures with participation by Tencent, Verve Ventures and Khadjavi Capital Partners, as well as existing investors La Famiglia and Cherry Ventures.

Success in the cloud: Strategic insights and best practices

/cloud

Success in the cloud: Strategic insights and best practices

The cloud is now the new normal and financial institutions are harnessing and deriving value from the massive amount of data that they possess. Finextra Research’s latest report in association with Amazon Web Services highlights that technology needs to be adopted as quickly, easily and cost-effectively as possible, for scale and flexibility.

The Future of Cloud: Powering the Financial Services Industry

/Hardware

The Future of Cloud: Powering the Financial Services Industry

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Hong Kong exchange suffers cyber attack

/Hardware

Hong Kong exchange suffers cyber attack

The chief executive of the Hong Kong Stock Exchange (HKEx) has conceded that the trading venue was subject to a series of cyber attacks this week but has insisted that an outage which brought derivatives trading to a halt was related to a software bug and not a hacker.

/ai

JPMorgan Chase locks in five year deal with AI marketing platform Persado

JPMorgan Chase today announced a five-year, enterprise-wide deal with Persado, the leader in using AI to generate the highest performing marketing creative. After a successful pilot, Chase is expanding its partnership across the company to cover marketing creative that will reach millions of current and potential customers. Persado uses AI to generate more effective marketing copy. In its pilot, Chase saw as high as a 450% lift in click-through rates on ads rendered by Persado, compared with others in the 50-200% range.

/Hardware

Velocimetrics trims trading latency with Napatech partnership

Velocimetrics, in partnership with Napatech™ (OSLO: NAPA.OL), has been working with a global Tier 1 investment bank in Europe to reduce its tick-to-trade latency.

Japanese banks join quantum computing hub

/Hardware

Japanese banks join quantum computing hub

Japanese banks MUFG and Mizuho are to join a new IBM Q Hub at Keio University to experiment with future applications for quantum computing in the financial sector.

/Hardware

Metamako buys xCelor’s hardware business

Metamako, provider of the world’s leading low-latency, FPGA-enabled network solutions, announced today the acquisition of xCelor’s network device business.

/Hardware

Edmond de Rothschild banks on LzLabs for modern mainframe alternative

LzLabs today announced Edmond de Rothschild (Suisse) S.A., the investment house, as its latest customer.

Intel granted review into its €1bn EU fine

/Hardware

Intel granted review into its €1bn EU fine

Chip processor Intel has taken a significant step towards overturning a €1bn fine imposed by the European Commission (EC) after it won the right to a review.

/Hardware

Ingenico Group launches first Open Payment fare system in Italy

Ingenico Group, the global leader in seamless payment, today announced the successful implementation of the first Open Payment system in Italy on the Malpensa Express shuttle line, and its selection as preferred payment partner by Lombardy’s rail operator Trenord.

/Hardware

Hewlett-Packard hardware to come with Corda Inside

Hewlett Packard Enterprise (HPE) is pleased to announce that we have entered into a partnership with R3 to bring Corda to Mission Critical HPE Systems.

/Hardware

Commonwealth Bank and QxBranch release quantum computing simulator

QxBranch, the quantum computing and data analytics software company, today announced the release of a quantum computing simulator for the Commonwealth Bank of Australia (CBA).

/Hardware

Huawei ports Infosys Finacle to KunLun server environment

Huawei today demonstrated the availability of the Infosys Finacle core banking solution on Huawei KunLun.

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