Latest Cloud News: Finextra Research

Tesco Bank embarks on tech staff hiring spree

The banking arm of UK Supermarket giant Tesco is creating 120 technology jobs in Edinburgh and Newcastle.

23 January 2020

Managing data beyond the tipping point of cloud

While 52% of asset management firms use the cloud for data management today, a further 28% plan to migrate data management to the cloud in the next 18 months.

20 January 2020

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Estate agency platform Reapit joins DLT-based home-buying consortium

Reapit, the UK's largest estate agency platform, has joined the IPN Consortium, a gaggle of industry players developing a distributed ledger technology-based system that lets customers go through the entire home buying process through their mobile phones.

20 January 2020

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Lloyds goes all in on Microsoft Managed Desktop

Lloyds Banking Group is to roll out the Microsoft Managed Desktop across its entire business, making it the world's largest financial firm to put the technology into production.

16 January 2020

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Ant Financial preps huge fintech conference

China's Ant Financial is flexing its muscles by organising a massive fintech conference in Shanghai this April.

15 January 2020

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Banco Sabadell and TSB sign $1 billion cloud services deal with IBM

Banco Sabadell has signed a ten-year $1 billion deal with IBM to advance its hybrid cloud strategy, while UK subsidiary TSB contracts with Big Blue to rebuild its technological infrastructure after last year's disastrous IT meltdown.

15 January 2020

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Ping An Technology and Intel form innovation lab

Ping An Technology and Intel are building an innovation lab in Shenzhen to experiment in areas such as cloud, AI, security and storage.

15 January 2020

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ML in the cloud enhances the financial data journey

While there are troves of financial data that have the potential to drive and inform critical business decisions, data remains siloed due to challenges associated with managing multiple data sources and aging infrastructure. Many financial institutions (FIs) face challenges – from limited storage and compute capacity to resource-intensive network deployments – that impede the ability to generate data-led insights powered by analytics.

13 January 2020

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Cloud as the enabler of AI’s competitive advantage

Data is just the beginning. Financial institutions (FIs) are now hyper-focused on surfacing meaningful, timely, and actionable insights from proprietary and third-party data. Technologies such as the cloud and artificial intelligence (AI) are forming new partnerships between humans and machines.

13 January 2020

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Natural language processing is the next step to automation

78% of institutional investors agree that technology has made financial markets ‘better and more efficient.’ This figure is staggering when compared to the 20% of participants who feel that technology has ‘made financial markets overly complicated.’ But where does the cloud fit in?

13 January 2020

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Meeting due diligence requirements is akin to conducting an orchestra

Compliance officers in financial services should think of themselves as orchestra conductors, according to Charles Gaddy, co-founder of identity verification service company, Global Data Consortium.

08 January 2020

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Banking predictions for 2020 – more competition, more collaboration and new sources of revenue

As 2019 draws to a close, financial services commentators and vendors have made their customary end-of-year predictions for the 12 months ahead, with increased competition through supercharged PSD2 the principal driving force.

23 December 2019

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