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Latest Results from /cloud

/cloud

Pico to go public via $1.75bn Spac merger

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).

/cloud

SAP jumps aboard IBM Cloud for Financial Services.

German software giant SAP is onboarding two of its finance and data management solutions to IBM Cloud for Financial Services.

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Goldman Sachs boosts transaction banking biz with Fiserv tie-up

Goldman Sachs is looking to scale up its new transaction banking business by teaming up with Fiserv to offer the fintech giant's clients services, starting with cross-border supplier payments.

/cloud

Solarisbank raises EUR190m; buys Contis

Berlin-based banking-as-a-service platform Solarisbank has set its sights on conquering Europe after raising EUR190 million in a Series D funding round at a EUR1.4 billion valuation and buying UK outfit Contis.

/cloud

Barclays, HSBC, Lloyds and others hit by major DNS outage

Late Thursday afternoon Akamai reported a problem with its Edge DNS service, resulting in outages at thousands of websites.

/cloud

Fidelity taps Finbourne to drive data strategy

Fidelity International has picked technology from Finbourne to drive its data strategy in a deal that also sees the asset manager make a strategic investment in the London-based startup.

/cloud

Capital One leads $15m Lightico raise

Lightico, a startup that helps firms - including banks - collect forms, signatures, documents and payments from customers digitally, has raised $15 million in a follow-on Series B round led by Capital One Ventures.

/cloud

Mastercard eases access to Faster Payments with PayPort+

Mastercard has launched a cloud-native, real-time payment gateway designed to ease access for institutions connecting to the UK's Faster Payments network.

/cloud

Tink appoints former AWS sales lead as chief revenue officer

Open Banking platform Tink has appointed the former financial services lead for Amazon Web Services, Rowan Taylor, as chief revenue officer.

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Bank of England frets over stability of Big Tech cloud providers

The Bank of England is warning that additional policy measures may be required to mitigate financial stability risks from the growing concentration of power in the hands of global cloud providers.

/cloud

CIBC inks Microsoft Azure deal

The Canadian Imperial Bank of Commerce (CIBC) has agreed a multi-year deal to use Microsoft Azure as its primary cloud platform.

/cloud

Goldman Sachs joins $170m funding round for French fintech Younited

Younited, a Paris-based credit and payment platform, has raised $170 million in a funding round joined by Goldman Sachs and Bridgepoint.