Oracle Cloud Service enables banks to manage climate change risk across portfolios

Financial institutions are under increased pressure from regulatory bodies to understand their environmental footprint and that of the companies they finance or invest in, otherwise known as financed emissions.

To help banks better assess climate risk Oracle today announced Oracle Climate Change Analytics Cloud Service. With built-in AI, the new reporting and analytics solution is designed to help financial institutions understand financed emissions, address statutory compliance,...

Sopra Banking Software and AWS expand work to bring banks to the cloud

Sopra Banking Software (SBS) has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS Partners who provide software solutions that run on or integrate with AWS.

The ISV program helps AWS Partners drive new business and accelerate sales cycles by directly connecting participating ISVs with the AWS sales organization. Since 2016, SBS has been working with AWS to power its digital, cloud-native banking platforms for...

Kyndryl unveils banking and financial industry services for Google Cloud customers

Kyndryl, a technology infrastructure services provider, has unveiled new services for financial services organisations seeking to use Google Cloud to safely store and protect their confidential and sensitive data.

Kyndryl’s new services are designed to enable a unified, scalable and security-rich data platform to support customers’ regulatory and compliance activities and requirements.

Kyndryl developed the new services on Google Cloud’s reference architecture for...

UK startups wasting over two weeks per year – costing the UK an estimated £37bn in GDP

UK startups and microbusinesses are wasting over two working weeks every year on admin tasks, including managing mobile phone contracts, choosing energy providers, and buying insurance – according to new research. 

The study, conducted by Beasy, which surveyed 500 business owners employing between 1-9 people, found that startup founders are spending an average of 5.5 hours per week choosing and managing the business services they need to run their company – equating to a...

Google Cloud launches AI-powered anti-money laundering product

Google Cloud has unveiled its Anti Money Laundering AI (AML AI), an artificial intelligence (AI)-powered product designed to help global financial institutions more effectively and efficiently detect money laundering. 

Money laundering is a complex problem with a growing global impact. The amount of money laundered each year is estimated to be 2-5% of global GDP, or up to $2 trillion annually. Money laundering proceeds are connected to illegal activities, ranging from drug and...

BankID expands Digital Identity Protection with OneSpan

Who are you? written in Scrabble tiles.

OneSpan, a digital agreements security company, has expanded its OneSpan Cloud Authentication service with BankID.

BankID first launched with OneSpan in September 2021 and has already reached a multi-million user milestone that is expected to continue growing as BankID’s technology adoption increases. This expanded partnership further solidifies the crucial role BankID has entrusted to OneSpan to provide high-assurance security and meet compliance standards within the Norwegian...

NatWest Markets partners with Google Cloud to bolster its data capabilities and customer experiences

NatWest signage at Newquay branch.

NatWest Markets has migrated to Google Cloud in order to achieve limitless scalability, power predictive risk modelling with analytics capabilities, and streamline regulatory compliance.

Founded in 2016 as the investment arm of Natwest Group, NatWest Markets helps its corporate and institutional customers manage their financial risks and achieve financial goals while navigating changing markets and regulation. Today, beyond providing products and solutions centred across...

Spanish neobank Plazo partners with cloud banking platform Mambu

A Spanish flag waving in the wind.

Spanish neobank Plazo has closed a strategic partnership with Mambu, a cloud banking technology platform.

This alliance allows Plazo to accelerate the development of cutting-edge lending solutions, with access to more than 30,000 new product combinations and fuel its expansion to further consolidate as the go-to financial wellness app covering people’s daily purchase, saving and lending needs.

Customers will be able to access the new lending products through Plazo...

Rakuten Europe Bank partners with Temenos to take banking to the cloud

A pile of Euro notes.

Rakuten Europe Bank – part of the Rakuten software group, a unique ecosystem of 70+ businesses and over 1.6 billion members worldwide – has signed with Temenos to deliver banking services including Rakuten Pay on the Temenos Banking Cloud.

Powered by Temenos open platform, it is hoped Rakuten Europe Bank will accelerate its growth across Europe. The move to Temenos open platform for composable banking will allow Rakuten Europe Bank to continue to enhance the member experience,...

Bank of England warns that banks are overly reliant on cloud

Bank of England, London

The Bank of England is calling for increased powers to oversee the banking and finance sector’s switch to cloud computing.

Its concerns stem from cloud adoption making systems more secretive and concentrating sensitive data in the hands of a select few tech giants like Amazon and Microsoft.

The central bank has said it will need “additional policy measures” to make sure it can assess the industry’s IT infrastructure, even when it’s run by third...