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Bank of China and Deutsche Bank open Singapore innovation labs

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Bank of China and Deutsche Bank open Singapore innovation labs

Singapore's status as a top fintech hub has been boosted by the news that Bank of China and Deutsche Bank have both opened innovation labs on the island.

Lloyds invests in cloud-based core banking startup Thought Machine

/cloud

Lloyds invests in cloud-based core banking startup Thought Machine

Lloyds Banking Group has paid £11 million for a 10% stake in core banking developer Thought Machine as part of a strategic partnership designed to accelerate the UK lender's digital transformation plan.

Oracle seeks fintech startups to join cloud portfolio

/cloud

Oracle seeks fintech startups to join cloud portfolio

Oracle is on the hunt for mature financial technology startups to join its cloud-based ecosystem, collaborating with Belgian fintech hub B-Hive on a six-week 'ScaleUp' programme

Westpac bets the bank on cloud computing

/cloud

Westpac bets the bank on cloud computing

Australia's Westpac is expecting big returns from a $500 million investment in a new cloud computing hub, despite posting flat profits for the full-year 2018.

DTCC begins testing DLT platform for credit derivatives

/cloud

DTCC begins testing DLT platform for credit derivatives

The Depository Trust & Clearing Corporation (DTCC) is ploughing ahead with its project to re-platform its credit derivatives Trade Information Warehouse (TIW) on distributed ledger technology and cloud, enlisting 15 of the world's largest banks for a testing phase.

NAB and Microsoft test facial recognition for ATM withdrawals

/cloud

NAB and Microsoft test facial recognition for ATM withdrawals

National Australia Bank has teamed up with Microsoft on a proof-of-concept that taps AI to let customers make ATM withdrawals using facial recognition and a PIN.

Sibos: IBM introduces Open Banking platform

/cloud

Sibos: IBM introduces Open Banking platform

IBM is looking to cash on the open banking era, launching a platform designed to bridge the gap between legacy systems and the API future while helping banks meet new regulatory requirements such as PSD2.

Swift tests payment flows over Microsoft Azure

/cloud

Swift tests payment flows over Microsoft Azure

Swift is testing whether its messaging infrastructure can be hosted on Microsoft Azure to enable cloud-native payments.

Global regulatory alignment needed to benefit from tech advances - Deutsche Bank

/cloud

Global regulatory alignment needed to benefit from tech advances - Deutsche Bank

The potential of open APIs, cloud, blockchain and AI to transform the financial services sector will only be realised if regulators keep up and accept the "new realities" created by emerging technologies, argues a new Deutsche Bank white paper.

ANZ turns to Google Cloud for better data analytics

/cloud

ANZ turns to Google Cloud for better data analytics

Australia's ANZ is tapping into Google Cloud in order to boost its data and analytics capabilities and deliver better business insights to its institutional customers.

Financial Services Seizing the Opportunity in New York

/cloud

Financial Services Seizing the Opportunity in New York

Innovation in Payments, Technology and Cyber Risk Management were all key topics at the Swift Business Forum New York 2018. 600 financial services professionals and industry experts recently gathered in the Big Apple to discuss the opportunities that innovation and collaboration provide.

Mastercard unveils global trade platform

/cloud

Mastercard unveils global trade platform

Mastercard has launched a global trade platform, powered by Microsoft Azure, that is designed to streamline and automate the procure-to-pay process for companies around the world.

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