Latest Cloud News: Finextra Research

PPRO buys Alpha Fintech for payments orchestration play

UK cross-border e-payments firm PPRO has boosted its presence in Asia Pacific through the acquisition of Alpha Fintech. Financial terms of the deal were not disclosed.

08 March 2022

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CaixaBank makes quantum computing breakthrough

CaixaBank has joined forces with vendor D-Wave Systems to apply quantum computing in investment portfolio hedging calculation in the insurance sector.

07 March 2022

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NextGen Nordics: Circular economy startup Loopfront sees 300% increase in users

Ahead of our NextGen Nordics conference on 27 April 2022, we will be putting together a weekly briefing of all the top stories that are emerging out of the region and setting the blueprint for payments innovation across Denmark, Finland, Iceland, Norway, and Sweden.

04 March 2022

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Westpac appoints first BaaS chief

Westpac has appointed Damien MacRae as its first BaaS chief executive, overseeing the Australian lender's efforts to deepen its relationship with non-bank partners looking to embed banking services.

03 March 2022

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US Bank picks Microsoft Azure for cloud migration

US Bank says it is making a "substantial" investment in modernising its technology foundation by choosing Microsoft Azure as its primary cloud provider for its applications.

24 February 2022

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SoFi to buy cloud-based banking platform Technisys for $1.1bn

Online lender SoFi Technologies has agreed to buy cloud-native core banking platform Technisys in an all-stock deal worth around $1.1 billion.

22 February 2022

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Intesa Sanpaolo invests £40m in Thought Machine

Intesa Sanpaolo has backed up its recent contract with Thought Machine by investing £40 million in the cloud-based core banking vendor.

14 February 2022

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Fiserv to buy Finxact

Fiserv has struck a deal to acquire cloud-based core banking player Finxact for around $650 million.

07 February 2022

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BNY Mellon partners Verituity on real-time digital payouts

BNY Mellon has added fintech startup Verituity to its accelerator programme to work towards providing faster, smarter, verified payouts.

03 February 2022

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Shawbrook taps AI to make loan pricing decisions faster

UK specialist lender Shawbrook Bank says it is generating personal loan rates five times quicker since rolling out an in-house built AI-enabled pricing environment.

01 February 2022