Latest Cloud News: Finextra Research

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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FSB highlights risks arising from bank outsourcing and third party relationships

The Financial Stability Board is attempting to develop a co-ordinated regulatory approach to the risks arising from bank outsourcing and third party relationships.

09 November 2020

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BBVA moves market data network to AWS

BBVA has moved its market data distribution network to Amazon Web Services, providing an at-scale platform for the equity markets area of its Corporate & Investment Banking unit that is capable of handling increasingly vast volumes of data

04 November 2020

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Personalisation and customisation with data in the banking and payments industry

As customers increasingly experience more consistent, personalised treatment from companies across a wide variety of industries, it is natural for them to expect—and require—the same of financial services providers.

30 October 2020

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Société Générale CIO: how BaaS is future-proofing banking business models

Claire Calmejane, chief innovation officer of Société Générale, tells Finextra Research that Banking-as-a-Service platforms are playing for both sides of the field with both greenfield and incumbent banks future-proofing their businesses against the evolving face of financial services.

30 October 2020

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PeoplesBank launches digital-only bank

Massachusetts-based PeoplesBank has enlisted cloud-based core banking provider Nymbus to help it launch a digital-only subsidiary called Zynlo.

20 October 2020

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Google Cloud releases AI-powered mortgage processing tool

Google Cloud has unveiled an AI-powered tool designed to speed up the notoriously slow mortgage application process.

20 October 2020

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Thoma Bravo agrees AxiomSL acquisition

Private equity firm Thoma Bravo has agreed to buy a controlling stake in cloud-enabled risk management and regulatory reporting technology outfit AxiomSL. Financial terms were not disclosed.

19 October 2020

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