Latest Cloud News: Finextra Research

Migrating market data to the cloud

Market data is the lifeblood of financial institutions (FIs) with banks, brokers, wealth managers, asset managers and hedge funds relying on quality pricing and trade-related data to power their business applications. But today customers expect to access to data on their personal devices and FIs are stepping up their digital transformation game.

27 August 2019

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ASX brings VMware into blockchain project

With a blockchain-based settlement system already in the pipeline, the Australian Securities Exchange (ASX) is now looking to expand its use of distributed ledger technology though a partnership with cloud computing giant VMware.

26 August 2019

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APIs in the cloud are now the prevailing archetype

The future lies in microservices in the cloud. While the financial services industry continues to discuss digital transformation, actions speak louder than words. Organisations that want to meet the needs of the next generation of consumers will use software comprising small services that communicate over well-defined application programming interfaces (APIs) deployed independently – the microservices approach.

16 August 2019

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How to drive business value with APIs in the cloud

The cloud simplifies and accelerates delivery of open banking standards, providing opportunities to improve awareness, transparency, and scale. Industry players would benefit by forging ahead with more effective and structured collaboration, facilitated by application programming interface (API) standardisation and shared customer data insights.

16 August 2019

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Scaling for the next generation with APIs in the cloud

Today’s generation of consumers expect a digital-first experience from their providers. Whether they’re shopping online, streaming content or interacting with financial institutions, anything less than on-demand is no longer acceptable. However, when considering the US, retail banking is not yet fully digital, and customers must still visit a branch to fill out paperwork when opening an account.

16 August 2019

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Finastra wins second neo banking client for cloud-based core package

Finastra has scored its second core cloud banking deal with an up-and-coming UK neo bank, adding SME-focused startup Gravity to its client roster.

15 August 2019

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Northern Trust applies machine learning to securities lending

Northern Trust has developed a pricing engine for securities lending that utilises machine learning and advanced statistical techniques to forecast lending rates for 34 global markets.

14 August 2019

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Capital One data breach inquiry launched by Republicans

The US House of Representatives Committee on Oversight and Reform has requested a briefing with Capital One over the data breach that left 106 million credit card holders and applicants in the US and Canada at risk of their personal information being stolen.

02 August 2019

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Is RegTech encouraging a cloud revolution?

The deployment of new applications and the migration of core systems onto the cloud is in full swing, and financial institutions (FIs) could arguably soon be free of the legacy shackles that prevent them from moving forward into the age of digitalisation.

30 July 2019

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Finastra sells cloud-based core model to regional startup revverbank

Revverbank, a Manchester-based new bank for regional businesses and savers in the UK, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities.

24 July 2019

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Visa invests in Indonesian ride-hailing app Gojek; buys Payworks

Visa has invested in Indonesian ride-hailing firm Gojek as part of a deal that will see the pair work together to spread digital payments throughout South East Asia.

17 July 2019

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BMO taps Demica supply chain finance tech

Bank of Montreal is joining forces with working capital outfit Demica to provide clients with supply chain finance options.

15 July 2019

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