Swift has launched an Industry Challenge to find two winning fintechs who will be granted €100,000 to further develop new overlay services that leverage its Swift global payments innovation (gpi) platform.
Banco Santander is overhauling the operations of its direct banking subsidiary in Spain, transferring all IT assets and client transactions to the cloud and revamping its online and mobile presence as part of a group-wide mission to recruit 30 million digital customers by 2018.
Lloyds Bank has finally put pen to paper on a long-mooted £1.3 billion, 10-year mega outsourcing deal with IBM, which will see 1500 staff and contractors moved to Big Blue.
The US Depository Trust and Clearing Corporation is to extend its use of cloud computing after deciding that off-premise hosting has surpassed the achievements available via inhouse data centres.
Frank and Mike Sanchez, the men behind the Profile core banking platform, have raised $12 million in seed funding for their new cloud-based fintech firm Finxact.
UBS, the world's largest wealth management firm, has moved its risk management platform to Microsoft Azure cloud technology.
American online brokerage Scottrade says a mistake by third party vendor Genpact resulted in the sensitive information of around 20,000 customers being left exposed.
Deutsche Bank has opened an innovation lab in New York, its fourth globally after Silicon Valley, Berlin and London.