Latest Cloud News: Finextra Research

UK finance industry faces urgent skills crisis

Urgent action is needed to tackle a skills and talent crisis in UK financial services, according to an independent review commissioned by HM Revenue which warns the industry is in for a bumpy ride in the face of the technological revolution and Brexit.

29 January 2020

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Visa joins $80m Currencycloud funding round

London-based B2B cross-border payments outfit Currencycloud has raised $80 million in a Series E funding round joined by blue-chip investors such as Visa, BNP Paribas and Siam Commercial Bank.

27 January 2020

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Bank of England opens bidding for cloud partner

The Bank of England is seeking a cloud build partner as part of its One Bank Service Transformation strategy.

24 January 2020

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Neocova secures $9.5 million in funding from community banking customers

A host of US community banks have rallied around to pump $9.5 million into AI-based, API-driven banking technology supplier Neocova.

24 January 2020

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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

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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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