Latest Cloud News: Finextra Research

Banks cite cyber security and outsourcing as operational risk concerns grow

More than half of European banks foresee an increase in operational risk as the fintech revolution brings concerns about cyber-security, IT failures and outsourcing problems to the fore, according to research from the EBA.

28 November 2017

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DBS re-architects data centre for the cloud

Singapore's DBS is expecting to slash 75% of the running costs of its main data centre by shifting it to a cloud-based environment.

13 November 2017

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How banks are leveraging the power of regtech - new Finextra research

Compliance constitutes a major part of banks’ expenditure and new regulations such as PSD2 and the updated GDPR are adding fuel to the momentum of regtech, that strain of fintech that is coming increasingly to the fore.

23 October 2017

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OakNorth joins unicorn club with £154m funding round

OakNorth, a UK challenger bank targeting small- and medium-sized businesses, is looking to ramp up lending and license its technology around the world after raising £154 million from a group of international investors.

12 October 2017

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Thomson Reuters commits $100m to Toronto technology centre

A year on from its launch, Thomson Reuters is doubling down on its Toronto technology centre, committing another US$100 million to the project, which will eventually be home to 1500 staffers working on areas such as cloud computing, big data and AI.

12 October 2017

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Ex-PayPal boss Thompson backs Canadian fintech Payment Rails

Payment Rails, a Canadian startup building an API-first payouts platform for businesses, has won a high-profile backer in the shape of ex-PayPal president Scott Thompson, who has invested in the firm and signed on as a board advisor.

11 October 2017

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ECB ponders bigger liquidity requirements for 'fintech banks'

The European Central Bank says that, because they pose unique risks, it may start asking fintech firms seeking banking licenses to hold bigger capital buffers and larger liquidity.

22 September 2017

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Ex-Barclays chief Jenkins gets Ping An backing for fintech startup

Former Barclays chief executive Antony Jenkins has raised £34 million in a funding round led by Chinese insurer Ping An to help bring his new fintech startup to Asia, according to the Financial Times.

21 September 2017

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IBM and UBS team on blockchain payments for cars

UBS, IBM and car parts manufacturer ZF are working together to build a blockchain-based payments system that automatically collects fees for things such as parking and power charging.

12 September 2017

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Options lands $100 million PE investment

UK capital markets technology outfit Options has scored a significant $100 million investment from New York-based private equity house Bregal Sagemount.

16 August 2017

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FS industry security concerns drive UK outsourcing market

The financial services sector drove the UK outsourcing market to record levels in the first half of 2017, with big firms signing major IT contracts.

04 August 2017

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SAP Financial Services Forum, London - Day 2 live blog

Welcome to Finextra's live coverage from Day 2 of the SAP Financial Services Forum in London. The theme for this event is 'winning in the digital moment'. The agenda will examine how technologies such as AI, machine learning, analytics, blockchain, open APIs and the cloud can be best leveraged to deliver truly digitised financial services.

05 July 2017

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