Tagged: cloud

Asia Is Expected to Experience a Dramatic Surge in Digital Banking and Fintech Adoption, with Around 50 New Challengers

Asia might be getting ready to experience a digital banking revolution. During the next few years, the continent is expected to see over 50 new digital banks that could completely transform the financial services sector. GFT’s Christopher Ortiz claims that these developments may just be… Read More

Simplify Asset Management Set to Announce New Exchange-Traded Funds For Fintech, Pop Culture, RoboCar, & Cloud/Cybersecurity

Simplify Asset Management, a U.S.-based investment adviser, announced on Monday the launch of four exchange-traded funds (ETFs) for fintech, pop culture, robocar, cloud/cybersecurity. Founded earlier this year, Simplify was created to help advisors tackle pressing portfolio challenges with option-based strategies. “By accounting for real-world investor… Read More

Industrial Bank of Korea Partners Naver’s Cloud Affiliate for Development of Fintech Services to Enhance AI Capabilities

The Industrial Bank of Korea (IBK) has teamed up with a platform managed by Naver’s Cloud affiliate for digital innovation and development of Fintech-related services, the state-run bank confirmed on December 23, 2020. Through the partnership, both organizations will aim to enhance their Cloud and artificial… Read More

Netherlands based Core Banking Platform Five Degrees Secures €22 Million in Capital

Netherlands-based core banking platform Five Degrees has acquired €22 million in capital through an investment round that was led by Velocity Capital Fintech Ventures. Reggeborgh and Atlas Invest also took part in the round. Karmijn Kapitaal, 5Square and several other existing investors made contributions to… Read More

CBDCs: Modern Central Sandbox Introduced by EMTECH to Help with Testing Central Bank Digital Currencies

EMTECH has introduced its “pilot-ready” innovation and regulatory compliance platform, the Modern Central Bank Sandbox, which will focus on serving reserve banks that are planning to “streamline regulatory reviews,” work with innovators on emerging technology (EmTech), or safely test their Central Bank Digital Currencies (CBDC)…. Read More

Wilmington based Fintech nCino Is Reportedly Planning to Make Strategic Investments including Hiring New Staff Members

Pierre Naude, CEO at nCino (NASDAQ:NCNO), a Wilmington, North Carolina based Fintech firm that offers a Cloud banking platform built on the Salesforce platform, says his company will invest in various opportunities as the COVID-19 pandemic accelerates the shift towards all-digital platforms and services. Naude… Read More

Outsourcing Cloud Tech Requirements Allows Fintechs to Focus on Core Business, According to Phillip Liu from Alibaba Cloud Intelligence

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

Nasdaq CEO Adena Friedman Says COVID-19 Is “Fundamentally Accelerating” Adoption of Fintech and Software as a Service Solutions

Adena Friedman, CEO at Nasdaq, the world’s second-largest stock exchange with a market cap of around $17 trillion, notes that the COVID-19 pandemic is “fundamentally accelerating” the adoption of Software-as-a-Service (SaaS) solutions. According to Friedman, the current environment has also led to the increased usage… Read More

PAG, a Major Asian Investment Group, has Selected Broadridge as Cloud enabled Portfolio Management Solution Provider

Broadridge Financial Solutions, Inc. (NYSE:BR), an established provider of investor communications and tech-driven solutions to banks and asset managers, has announced that PAG, a major Asia-focused investment group, has selected Broadridge as a Cloud-enabled portfolio management solution provider. As confirmed in a release, the enhancement… Read More

Nasdaq CEO Adena Friedman Reveals that the Stock Exchange Is Embarking on a Cloud Centric Strategy

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that Nasdaq began transforming financial markets with the launch of the very first electronic stock market back in 1971. Friedman notes: “From day one,… Read More

Eran Noam From Shield Explains How Natural Language Processing and Financial Context Recognition Help with Business Compliance Processes

Israel based Regtech firm Shield was recently chosen to join the IBM Cloud for Financial Services ecosystem. Many financial institutions have been migrating or deploying new applications on Cloud-powered platforms that streamline routine banking and related business processes. We recently caught up with Eran Noam,… Read More

Accenture to Invest $3 Billion in Fintech Initiatives that Will Help Companies become Cloud First Businesses

David Jimenez Maireles, Customer Experience Officer at TNEX, a Vietnam based digital bank, claims that despite the skeptics, banks have been “no laggard when it comes to cloud adoption.” Banks have been migrating incrementally, and today “the average bank has 58% of its workloads in… Read More

Australian SME Banking Challenger Judo Bank to Use Cloud based Bank Operating System Developed by nCino

Australia-based SME challenger bank Judo Bank has chosen nCino (NASDAQ: NCNO) to help streamline its lending processes. Judo Bank will be using nCino’s Cloud-powered platform to enhance its services which are mainly intended for small businesses. nCino, Inc. is an established cloud banking and digital… Read More

Michael Rennie: Product Manager at Mendix Explains How Low-Code Addresses Developer Talent Shortage, Delivers on Desired Business Outcomes

We recently connected with Michael Rennie, a U.K.-based product manager for Mendix, a Siemens business and the global leader in enterprise low-code. Mendix pioneered the low-code product category 15 years ago. The low-code approach addresses the coder crunch, the growing demand for software applications, and… Read More

Digital Transformation: Fintech Finastra to Provide Core Banking Solutions to Detroit’s First Independence Bank

Finastra, a financial services software provider, has revealed that its Fusion Phoenix core product will be used by the First Independence Bank, which was established in 1970. The institution has been serving the banking needs or requirements of the Detroit Metropolitan area. It’s one of… Read More

Digital Transformation: Qatar Financial Center Regulatory Authority to Migrate Online Services to Microsoft Cloud

The Qatar Financial Center Regulatory Authority (QFCRA) recently revealed that it will be migrating its online services to the Microsoft Cloud in order to move forward with its digital transformation strategy. The move to Microsoft Cloud comes after the Middle Eastern nation’s Ministry of Transport… Read More

Fintech and Digital Solutions Provider Thales to Assist Commercial Bank of Kuwait with Offering Secure Contactless Payments

Digital solutions provider Thales is reportedly supplying the Commercial Bank of Kuwait (CBK) with its Gemalto Trusted Services Hub (TSH), which will allow the bank’s customers to perform secure contactless payments from their smartphones. According to a release, a tokenization process will be used to… Read More

European Central Bank Warns Against Potential Threat of Dominance of Big Tech in Financial and Cloud Services

The European Central Bank (ECB), the reserve bank of the Eurozone, which is a monetary union of 19 EU member states which employ the Euro, has noted that there doesn’t seem to be an EU challenger that’s capable of matching the capabilities of Big Tech… Read More

UK’s Nationwide Building Society Introduces Cloud Native Speed Layer for Quickly Launching New Products and Services

The UK’s Nationwide Building Society (NBS), a British mutual financial institution, the seventh largest cooperative financial institution and the world’s largest building society with 15 million members, has introduced a cloud-native Speed Layer so that it can quickly launch new products and services. Headquartered in… Read More

Blockchain Platform Ontology (ONT) Aims to Establish Trust in the Automotive Sector with Decentralized Digital ID Solutions

The developers of Ontology (ONT) have noted that they’re focused on establishing trust in the automotive industry through the implementation of a blockchain-enabled, decentralized digital identity solution that allows driving data to be recorded, stored, and verified in “a safe and secure” manner. The developers… Read More

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