Tagged: cloud computing

May 31, 2025 @ 3:15 pm By Omar Faridi  |  

The artificial intelligence (AI) evolution is reshaping industries, and the world’s top three cloud providers—Amazon, Microsoft, and Alphabet—are at the forefront of this transformation. As AI workloads surge, these cloud providers are investing to capture market share and monetize the demand for computing power. According… Read More

March 23, 2025 @ 12:28 pm By Tony Zerucha  |  

This past week, Finastra, a global provider of financial services software applications, and IBM (NYSE: IBM) unveiled their collaboration on an enhanced cloud-based lending managed services offering. Finastra’s Lending Cloud Service (LCS) offers options for its Corporate Lending solutions — Loan IQ, Trade Innovation and… Read More

December 29, 2024 @ 6:11 pm By Omar Faridi  |  

Quai Network, a Layer 1 blockchain built for scalability and decentralized innovation, announces its integration with Akash Network, a key player focused on decentralized cloud computing. This integration combines Quai’s multi-shard blockchain tech with Akash’s decentralized computing infrastructure to enhance blockchain performance, promote “transaction efficiency,… Read More

December 22, 2024 @ 12:50 pm By Omar Faridi  |  

Quai Network, a Layer 1 blockchain built for scalability and decentralized innovation, announces a partnership with Akash Network, a key player focused on decentralized cloud computing. This collab merges Quai’s “multi-shard” blockchain tech with Akash’s decentralized computing infrastructure to enhance blockchain performance, enable transaction efficiency,… Read More

April 7, 2022 @ 3:20 pm By Omar Faridi  |  

  Pocket Network, a relay infrastructure middleware protocol that provides abundant blockchain bandwidth from “a globally distributed network of 40k+ full nodes to applications in Web3 across 40+ blockchains, including Ethereum, Polygon, Solana, Fuse, Avalanche, and Harmony,” announced its protocol has “processed a record number… Read More

November 24, 2021 @ 5:12 pm By Tony Zerucha  |  

A recently released report from Temenos, a large banking software provider, on cloud technology adoption in different business sectors attempts to determine why the banking industry has been slower to adopt it than other sectors. The survey of IT executives in the banking sector, conducted… Read More

September 29, 2021 @ 3:52 pm By Tony Zerucha  |  

Scotiabank and Google Cloud today announced a strategic partnership to accelerate the bank’s global data and analytics strategy. As a Scotiabank trusted cloud partner for data and analytics, Google Cloud will help create a more personal and predictive banking experience for Scotiabank customers in the… Read More

September 3, 2021 @ 8:43 am By Omar Faridi  |  

Ontology (ONT), a high-performance blockchain platform focused on digital identity solutions, is teaming up with 4EVERLAND, a Web 3.0 Cloud computing platform supporting global acceleration of digital tech, privacy protection, distributed storage and various other technical features to enable the transition to Web 3.0. As… Read More

November 16, 2020 @ 7:06 pm By Omar Faridi  |  

Phillip Liu, GM at Alibaba Cloud Intelligence for the MENA region, recently commented on what’s required for regional Fintech firms to succeed in an increasingly competitive global environment. Fintech platforms are beginning to transform the traditional financial services sector. Fintech companies have developed solutions to… Read More

October 5, 2020 @ 10:53 pm By Omar Faridi  |  

Chinese e-commerce giant Alibaba Group’s (NYSE:BABA) cloud services business may now be on track to generate profits as it continues to receive support from China’s evolving digital economy. Last year, Alibaba Cloud had been ranked as the third-largest infrastructure-as-a-service provider, which is right behind Amazon… Read More

July 24, 2020 @ 1:26 pm By Omar Faridi  |  

The Royal Bank of Canada (RBC), a multinational financial services company and the largest bank in Canada by market cap, has reportedly shifted applications under developments at its AI research division, Borealis AI, to a private cloud infrastructure. The high-performance cloud platform will be supported… Read More

July 19, 2020 @ 5:05 pm By Omar Faridi  |  

In June 2020, the Ontology (ONT) team celebrated two years since the launch of the Ontology mainnet, which aims to serve as a “high-performance” enterprise blockchain or distributed ledger technology (DLT) platform. Last month, the blockchain developers also launched Ontology 2.0, which involved the integration… Read More

June 22, 2020 @ 10:21 pm By Omar Faridi  |  

Mambu, a Berlin-based SaaS cloud banking platform provider, has teamed up with Google Cloud. Through the partnership, Mambu clients will be able to use a cloud-agnostic platform to launch and expand existing banking and lending operations into other countries. Mambu will aso be able to… Read More

May 15, 2020 @ 7:20 pm By Omar Faridi  |  

  Colombia-based Fintech firm Minka has secured $3 million in capital through a funding round led by Fintech Collective. Colle Capital Partners, the Collaborative Fund, multinational firm Carvajal Tecnología y Servicios, and Mastercard also took part in Minka’s latest round. The Fintech company said it… Read More

April 17, 2020 @ 5:17 pm By Omar Faridi  |  

NICE Actimize, a NICE company (Nasdaq: NICE) business offering autonomous financial crime management solutions, has launched KYC Xpress, a cloud-powered solution. According to a release, KYC Xpress automates manual know-your-customer (KYC) processes. It aims to enhance the overall speed, accuracy, and efficiency of processing KYC… Read More

March 31, 2020 @ 10:19 pm By Omar Faridi  |  

ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has joined Microsoft’s (NASDAQ:MSFT) partner program, One Commercial Partner, which provides various cloud-powered solutions. ThetaRay’s anti-money laundering (AML) solution for correspondent banking can be accessed through Microsoft’s Azure Marketplace. A large US bank… Read More

February 7, 2020 @ 1:33 pm By Omar Faridi  |  

Multinational financial giant Standard Chartered (SC) has teamed up with Infor, an established business cloud software firm, in order to digitize the financial industry supply chain for SC’s customers. By using the “Infor Nexus” network, created by New York-headquartered Infor, SC aims to assist its… Read More

January 26, 2020 @ 3:29 am By Omar Faridi  |  

The Bank of England (BoE) is reportedly looking for a cloud build partner, which will be a part of its One Bank Service Transformation strategy. The UK’s reserve bank notes that it is planning to work with “an experienced partner to assist in design, construction… Read More

January 15, 2020 @ 12:05 pm By Omar Faridi  |  

Expertise or prior experience working with blockchain or distributed ledger technology (DLT) has quickly become the number-one “hard skill” that firms are now looking for on LinkedIn. According to a recently published job trends report, LinkedIn researchers examined user profiles who were “getting hired at… Read More

January 15, 2020 @ 7:49 am By Omar Faridi  |  

Netherlands-based Backbase has introduced its new managed cloud platform Backbase-as-a-Service (BaaS). It provides financial institutions access to the firm’s entire portfolio, which consists of various banking products and innovation tools. The online banking software developer officially launched the product at Backbase Connect, the firm’s annual… Read More