Latest Cloud News: Finextra Research

Fiserv to buy Finxact

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

07 February 2022

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

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Google Cloud reveals DeFi ambitions with new Digital Assets Team

The cloud provider has announced that it is launching a dedicated Digital Assets Team to explore the potential of blockchain-based platforms.

28 January 2022

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TD Bank to hire 2000 tech staff

Canada's TD Bank plans to hire 2000 tech staff over the course of the year as the battle for talent in the banking sector escalates.

27 January 2022

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Al Rajhi Bank Malaysia picks Thought Machine for Islamic digital bank

Al Rajhi Bank Malaysia (ARBM) has selected Thought Machine to power its upcoming next-generation digital bank.

25 January 2022

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Lunar taps Thought Machine for core banking revamp

Nordic fintech Lunar has selected Thought Machine - the same cloud native core banking technology used by JP Morgan - to modernise its core systems and develop new services across the region.

18 January 2022

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JPMorgan Chase to spend $12bn on tech this year

JPMorgan Chase will spend more than $12 billion on technology in 2022, contributing to an eight per cent rise in expenses that could hurt the bank's profitability targets.

17 January 2022

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Itaú Unibanco acquires Brazilian cloud-based brokerage firm Ideal

Latin American bank Itaú Unibanco will purchase Ideal in two stages, acquiring 50.1% of the share capital initially before making a secondary acquisition of shares worth R$651 million (US$117 million) and taking control of the company.

14 January 2022

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UK FS regulator takes aim at cloud giants - FT

The UK's Prudential Regulation Authority (PRA) is looking at ways to access more data from Amazon Web Services, Microsoft Azure and Google Cloud amid concern about how important the three have become to the financial services sector, according to the Financial Times.

10 January 2022

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Finextra's year in review

With 2021 drawing to a close, we take a look back at our most popular news items and community engagement activities over the course of the past year.

23 December 2021

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Visa completes acquisition of Currencycloud

First announcing the deal in July 2021, Visa has completed its acquisition of Currencycloud - a global platform enabling banks and fintechs to provide foreign exchange solutions for cross-border payments.

21 December 2021

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