Latest Cloud News: Finextra Research

IBM and EY build centre of excellence to help FIs transition to the cloud

IBM and EY have joined forces to create a centre of excellence dedicated to helping financial institutions accelerate their digital transformations with hybrid cloud solutions.

11 May 2021

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Goldman Sachs makes quantum breakthrough

Goldman Sachs is claiming a quantum computing breakthrough, designing algorithms it says could be used on hardware that may be available in as little as five years.

30 April 2021

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Thought Machine integrates Wise platform into core engine

Thought Machine has integrated Wise's international money transfer platform into its core banking engine, Vault.

29 April 2021

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Funding Options unveils cloud-based lending platform for SMEs

Funding Options, the data driven marketplace for SMEs, has launched Funding Cloud, an integrated real-time cloud-based platform to navigate the complexity of the fragmented lending market.

27 April 2021

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Japan's first app-only bank to run entirely on Google Cloud

Minna Bank, Japan's first app-only bank, is set to open for business in May after acquiring a banking licence from the country's Financial Services Agency.

21 April 2021

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SAP sets up dedicated financial services unit

SAP is to set up a dedicated financial services unit in a joint venture with investment firm Dediq that will see the ERP vendor develop a new suite of products covering the full spectrum of commercial banking and insurance operations.

14 April 2021

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Microsoft bids to overhaul ID verification

Microsoft has taken a major step in its efforts to create an identity verification system that can be used across organisations.

08 April 2021

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Fintech is here to stay, says JPMorgan chief Jamie Dimon

Fintech companies are set to win significant market share from banks says JPMorgan's Chase chief Jamie Dimon, who laments the regulatory constraints that hobble banks as they face up to the threat from Big Tech competitors.

07 April 2021

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Alkami preps $2 billion-plus IPO

Cloud-based digital banking technology vendor Alkami has launched a preliminary prospectus for a proposed public offering of shares on the Nasdaq Global select Market that would value the company at somewhere above $2 billion.

06 April 2021

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How cloud enables banking transformation towards contextual finance

Companies adapting to the new normal brought on by the pandemic have been forced to undergo a digital shift toward contactless payments and a surge in online transactions. As a result, many are looking to Banking-as-a-Service (BaaS) to enable innovative financial and payments services that can be embedded into digital apps and products. Further, the deployment of BaaS enables a faster time to market for more personalised propositions.

01 April 2021

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Goldman Sachs leads $50m round for Striim

Goldman Sachs Growth Equity has led a $50 million Series C funding round for Striim, the firm behind a platform that helps businesses move data in real-time to the cloud.

01 April 2021

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Commerzbank enters five-year relationship with Google Cloud

Commerzbank has entered a five-year partnership with Google, that will see more applicatons moved to the cloud and delivery of on-the-fly updates to software code.

29 March 2021

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