Latest Cloud News: Finextra Research

ACI acquires tech assets for omnichannel payments offering

ACI Worldwide has bought technology assets from RevChip and TranSend to boost its UP Merchant Payments offering with new cloud-based, omni-channel in-store capabilities.

11 February 2019

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Morgan Stanley agrees to pay $900m for employee stock plan manager

Morgan Stanley has struck a $900 million cash deal to buy Solium Capital, a Canadian provider of cloud-enabled share plan administration services.

11 February 2019

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Top Image Systems board recommends Kofax takeover offer

The board of Top Image Systems is recommending a cash takeover offer from Kofax that will see shareholders receive a hefty premium over the content processing firm’s share price.

04 February 2019

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IBM scores $260m deal with Bank of the Philippine Islands

The Bank of the Philippine Islands (BPI) is looking to boost its digital transformation through a $260 million, multi-year services agreement with IBM.

24 January 2019

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BNP Paribas goes deeper into the cloud with IBM

BNP Paribas has extended its partnership with IBM for a further eight years as the French bank looks to ramp up its cloud approach in support of a digital transformation programme.

22 January 2019

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State Street signs up for AWS Backup service

Financial services giant State Street is one of the first firms to sign on for Amazon Web Services' new AWS Backup, a fully-managed, centralised service to automate backups of data and meet regulatory requirements.

18 January 2019

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Scotland's fintechs treble in number

The number of fintechs based in Scotland has increased threefold in the last 12 months following an initiative between government, academia and the finance industry designed to boost the sector.

11 January 2019

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The Innovation Game: Escaping legacy with new technology

APIs and cloud-based systems and low code developer tools are enabling banks to create a more open service, and this hybrid utilisation of new technology with legacy systems is a way to deliver new services, fast, without undergoing wholesale core transformation.

09 January 2019

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Investment Association opens second fintech cohort

The trade body for the UK's fund management industry, the Investment Association (IA), has extended its fintech accelerator initiative with the launch of a second cohort.

09 January 2019

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Challenger bank Chetwood gets UK banking licence

Chetwood Financial, which is backed by UK hedge fund Elliott Management, is the latest challenger bank to be granted a full UK banking licence.

07 January 2019

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AI, Big Tech and the cloud will damage the banking industry if not embraced - Citibank

Citibank’s global head of bank research Ronit Ghose kicked off this year’s EMEA Media Summit by highlighting how artificial intelligence, Big Tech and core banking systems on the cloud will disrupt financial services.

05 December 2018

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IBM teams up with Thought Machine to hawk cloud-based core banking system

Thought Machine, the core banking startup set up by a gaggle of former Google engineers, has inked a global implementation partnership deal with IBM, gaining a heavyweight partner in its efforts to win over big clients.

04 December 2018

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