Big data

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/cloud

Coupa opens local data centre in the UAE

Coupa, the leading AI-driven platform that helps you operate smarter and grow faster, today announced the launch of its first data center in the Middle East, inaugurated in collaboration with the Amazon Web Services (AWS) team in Dubai. The grand opening, marked by a ribbon-cutting ceremony, happened on Wednesday, February 28, 2024.

/identity

Hazy and Unbanx launch ethical synthetic data cooperative

Leading generative AI firm, Hazy, and Open Banking data ownership platform, Unbanx, announced today the launch of the first ethical data cooperative comprising synthetically generated financial transaction data.

/markets

KPMG forms AI innovation boosting partnership with Databricks

KPMG UK has formed a strategic alliance with Databricks, a leader in data and artificial intelligence. The alliance will help the firm’s clients get the most out of their data and AI and empower them to innovate at a faster pace.

/wealth

Ammonite raises £250k investment

Industrial Thought Ltd. – a group of companies focused on accelerating the future of wealth management – has announced a £250K investment in Ammonite, developers of hybrid financial advice technology. This raise comes during a period of significant economic pressures but also a period of rapid transformation for the industry, with financial advisors forced to meet a new wave of digital demands. As a result of the investment, Ammonite can speed up the pace of its development and enable more advisory firms to grow their customer base.

/startups

Open data platform Okredo enters UK market

Okredo, an open data platform that merges open data, open banking, and credit bureau functionalities, aims to give SMEs in the UK a competitive advantage by offering access to the most recent data about other UK businesses.

/wholesale

Origin develops tool for digitising debt markets

Origin, the London-based fintech digitising debt capital markets, has launched Origin Extract to digitise any manually created bond termsheet, extracting structured data to automate and streamline the processes that depend on them.

/security

FIA Tech launches Cash and Collateral data service

FIA Tech, the leading technology provider to the exchange-traded derivative industry, announced today the launch of FIA Tech’s Cash and Collateral reference data service.

/retail

Nationwide partners with AND Digital to enhance data strategy

Digital transformation company AND Digital today announces its partnership with Nationwide Building Society (NBS) to transform its member data strategy, as the world’s largest building society looks to enhance the experience for its 16 million members.

/cloud

Nth Exception and IBM aim to reduce ISO 20022 Migration risk

Nth Exception announces availability of their ISO 20022 Migration Governance Tool on IBM zSystems, Red Hat OpenShift and IBM LinuxONE.

/startups

Scrypt joins Visa Fintech Fast Track programme

Scrypt, the next level payables automation provider, today announced that it has joined Visa’s Fintech Fast Track program, speeding up the process of integrating with Visa, a world leader in digital payments.

/devops

Tech Mahindra adopts Alveo’s FiDaaS solution

Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services, has selected Alveo’s FiDaaS solution, a leader in market data integration and analytics solutions for financial services, to offer its customers integrated Financial Data as a Service Proposition to the Financial Services Industry.

/startups

Opensee Big Data analytics platform goes live at SocGen

Opensee, the Paris-based fintech offering financial institutions a real-time self-service analytics platform, has gone live with its big data solution at Societe Generale, one of Europe's leading financial services groups.

/devops

Australian direct bank data feed provider SISS releases feeds for SAP customers

Australia’s largest independent provider of direct bank data feeds, SISS Data Services, has today released ACSISS Connect for SAP Business One. The new solution, available via SAP Business One partners, will enable SAP customers to receive their bank transaction data automatically each day, eliminating the traditional download/import or manual data entry process.

/security

VTB & Rostelecom’s Big Data platform completes MPC testing

Specialists from VTB and Rostelecom’s ‘Big Data Platform’ joint venture have tested a new, confidential computing technology called Multi-Partial Computations (MPC).

/startups

Euronext partners with Early Metrics for SME analytics

Euronext announced today that it has partnered with Early Metrics, a leader in independent start-up ratings, valuations and analysis of tech trends, to deploy free automated analytical reports about Small and Medium Enterprises (SMEs) in the technology sector listed on Euronext.

/markets

VTB Digital Investments Fund acquires stake in big data outfit ADS-Holding

The ‘Digital Investments’ fund, a closed-end mutual investment fund under the management of VTB Group, has acquired a stake in ADS-Holding, a company which owns a controlling stake in Arenadata – developer of an enterprise data platform designed for collection and storage of big data.

/regulation

BaFin sets out supervisory principles for Big Data and AI

On 15 June 2021, BaFin published supervisory principles for the use of algorithms in decision-making processes by financial institutions.

/wholesale

Quantexa doubles revenues

Quantexa, the data and analytics software company pioneering Contextual Decision Intelligence (CDI), today announced it more than doubled revenues during fiscal year 2020, with 67% coming from new client wins.

/cloud

AWS launches FinSpace analytics service for FS firms

Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), announced Amazon FinSpace, a purpose-built analytics service that reduces the time it takes FSI organizations to find, prepare, and analyze financial data from months to minutes.

/wholesale

VTB teams up with Moscow Institute of Physics and Technology on AI and big data

VTB and the Moscow Institute of Physics and Technology (MIPT) have agreed to open a joint research & development facility to support the activities of MIPT employees, which aim to develop the use Big Data technologies and artificial intelligence (AI) in banks.

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