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.
FX risk reduction utility CLS has gone live with CLSNet, a bilateral payment netting application running on distributed ledger technology from IBM
Management and technology consultancy BearingPoint, which ranks among the leading providers of Regulatory and Risk Technology (RegTech/RiskTech), announced today that its RegTech product unit has formed a partnership with IBM Services for regulatory reporting.
Marc Andrews, Vice President of Watson Financial Services, IBM, speaks at Sibos 2018 in Sydney about how the banking industry is coping with the increasing burden of regulatory demand, how beneficial AI is to managing regulation and how AI led solutions help banks to manage risk and financial crime.
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.
Bank Zero, a digital-only South African bank co-founded by former FNB chief executive Michael Jordaan, has begun alpha testing its app after securing a mutual banking license.
IBM (NYSE:IBM) and Red Hat (NYSE:RHT), the world's leading provider of open source cloud software, announced today that the companies have reached a definitive agreement under which IBM will acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion.
Banking not-for-profit Bian has launched a free online market, containing APIs developed by firms including IBM, Microsoft, Citi and PNC.
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.
Western Union, Barclays and Lloyds Banking Group are backing a new project that uses IBM's Watson technology to tap into financial data to help track and combat human trafficking.
© Finextra Research 2018