Latest Cloud News: Finextra Research

UK communications watchdog launches cloud competition probe

Ofcom has announced its probe into cloud service providers Amazon, Microsoft and Google. The investigation will look into these providers, which generate around 81% of revenues in UK public cloud, to ensure the market is working properly and not limiting innovation or growth.

23 September 2022

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Finastra and Visa introduce global BaaS offering integrating Visa Direct

Finastra and Visa are working on a Banking-as-a-Service collaboration that will enable thousands of banks and financial institutions to offer faster cross-border payouts for their customers via Visa Direct.

23 September 2022

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Wall Street giants join $60m AccessFintech funding round

Capital markets specialist AccessFintech has closed a $60 million Series C funding round led by WestCap and joined by a host of big banks, including BNY Mellon and Bank of America.

22 September 2022

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JP Morgan to buy payments firm Renovite

JP Morgan has struck a deal to buy cloud-native payments technology firm Renovite Technologies. Financial terms were not disclosed.

12 September 2022

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SteelEye raises $21m Series B

In what has been dubbed the largest RegTech raise by a European firm in 2022, SteelEye has raised $21 million in a Series B round led by Ten Coves Capital.

08 September 2022

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Metaverse and decentralised identity flagged as emerging tech to watch - Gartner

Research by Gartner identified 25 “must-know” emerging technologies across three key areas which it predicts will greatly impact business and society over the next two to ten years.

12 August 2022

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Equifax coding issue leads to inaccurate credit scores

Equifax says a "coding issue" is to blame for it providing inaccurate credit scores for millions of Americans.

03 August 2022

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Finextra announces inaugural Financial Cloud Summit

Finextra is pleased to announce the launch of its inaugural Financial Cloud Summit, set to take place in early 2023.

03 August 2022

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Co-operative Bank shifts treasury operations to the cloud

The UK's Co-operative Bank is to migrate its treasury operations to the cloud, utilising Finastra's Kondor platform running on Microsoft Azure.

03 August 2022

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Financial software provider Savana raises $45m

Savana, a financial software player that helps banks and fintechs go digital, has raised $45 million in a Series A funding round led by growth-stage investor Georgian.

02 August 2022

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Microsoft and Nexi collaborate to innovate across the European payments landscape

Nexi has announced a strategic partnership with Microsoft to digitise payments solutions and secure cloud-based infrastructures across the European market.

29 July 2022

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CommBank to create hundreds of tech jobs at new Melbourne hub

Commonwealth Bank of Australia has opened a technology hub in Melbourne that will house more than 400 software developers, cloud engineers and cyber specialists.

28 July 2022

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