Latest Cloud News: Finextra Research

Microsoft’s Satya Nadella on how to build partnerships ‘beyond two ships passing in the night’

Months after striking a deal with Microsoft to become a ‘cloud-first’ bank and migrate all core applications to the cloud by 2025, Bill Winters, group chief executive of Standard Chartered joins Satya Nadella, CEO of Microsoft at Singapore Fintech Festival 2020 to discuss resilience, the future of digital transformation and why a good partnership is central to achieving this.

07 December 2020

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Moov raises $27m for open source banking platform

Moov Financial, the US startup behind an open source embedded banking platform, ha raised $27 million in a Series A funding round led by a16z.

04 December 2020

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Sber unveils cloud-based AI model training platform

Sber has developed a cloud platform for AI model training that the Russia bank says will help data scientists push ahead with their experiments.

04 December 2020

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Appvia wins Bank of England cloud development tender

The Bank of England has handed a two-year cloud development contract to London-based Appvia.

02 December 2020

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Solarisbank migrates to the cloud

Berlin-based banking-as-a-service platform Solarisbank has migrated its entire technology stack to Amazon Web Services as part of a plan to extends its business across new European markets next year.

30 November 2020

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EBAday 2020: Banks, fintechs or card networks, what will be disintermediated after cloud adoption?

While day one discussions centred around how open banking needs to reach a point where it is just accepted as a conventional way that consumers, corporates and banks can manage their accounts and make payments, panel sessions on the second day of EBAday 2020 focused on how the cloud and Payments as a Service (PaaS) can also act as an enabler for open banking, potentially cutting out rails that are currently acting as intermediaries.

25 November 2020

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Cynergy Bank contracts with Google Cloud and Wipro to blend human touch with neobanking know-how

SME bank Cynergy Bank has contracted with Google Cloud and Wipro for the build of a digital relationship platform, aligning face-to-face contact with the technical know-how of an app-only startup.

23 November 2020

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Driving decisions through cloud migration and data governance

In today’s environment, data is produced and consumed at a rapid pace. However, the way it is currently being stored, accessed, and processed is inefficient.

20 November 2020

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Monument picks tech vendors to build bank for mass affluent

Monument, a new digital-first UK bank for the mass affluent, has brought in Mambu, Salesforce, Amazon Web Services, Persistent Systems and Accenture for its technology build.

18 November 2020

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Electrifying cloud migration with strategy and security

The cloud can power innovation for financial institutions. As reported by McKinsey, 70% of banks are reviewing their core banking platforms and are beginning to leverage the potential that cloud-native services can deliver, as well as the offerings provided by technology vendors.

13 November 2020

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How the cloud adds value to open banking business models and strategy

While open banking was initially regarded by many as a typical compliance exercise, following the implementation of the Second Payments Services Directive (PSD2), banks are now shifting gears and going beyond the regulatory requirements by leveraging the benefits of open APIs to cater to customer needs and innovate open banking business models.

13 November 2020

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Standard Chartered to put customer-facing applications in the cloud

Standard Chartered Bank has struck a five-year deal with Amazon Web Services to run its strategic banking systems and customer-facing applications in 60 markets on AWS.

12 November 2020

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