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European capital market participants are calling on supervisory authorities to remove regulatory barriers to cloud adoption, arguing that broad-brush diktats on portability and multi-cloud strategies would present significant challenges to implementation by financial firms.
23 September 2021
JPMorgan Chase is to replace its current retail core banking system in the US with technology from Thought Machine.
22 September 2021
Wells Fargo has signed major Cloud deals with Microsoft and Google as part of an overhaul of its digitial infrastructure.
16 September 2021
Arvest, the operator of a collection of small community banks in the US, has struck a deal to implement for Thought Machine's cloud-native core banking platform, Vault.
15 September 2021
Allied Payment Network has launched a bitcoin wallet app for banks and credit unions on Finastra's FusionStore.
14 September 2021
Oliver Dowden, the UK Secretary of State for Digital, Culture, Media and Sport, has announced that new ‘data adequacy’ partnerships will be struck with the likes of the US, Australia, and the Republic of Korea.
27 August 2021
Australian startup Acacia is emerging from stealth mode with the launch of it money management app that uses open banking and data analytics to give user insights into their financial and environmental arrangements.
18 August 2021
NAB, CIBC, Itaú Unibanco and NatWest Group have joined forces with Amazon Web Services to run a global open finance challenge, inviting fintechs, universities and other large organisations to prototype and develop new digital banking services.
16 August 2021
Barclays, Bank of Montreal and JPMorgan have joined an US$80.75 million Series E funding round for Toronto-based cloud accounting software firm Freshbooks.
13 August 2021
Kroo, a UK startup building a "social" bank, has raised £17.7 million in Series A funding round led by tech entrepreneur Rudy Karson.
10 August 2021
US-based financial infrastructure company Pico is set to go public through a $1.75 billion merger with fintech entrepreneur Betsy Cohen's special-purpose acquisition company (Spac).
06 August 2021
German software giant SAP is onboarding two of its finance and data management solutions to IBM Cloud for Financial Services.
30 July 2021
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