Omnio raises €30m to expand BaaS product across Europe
UK-based provider is also seeking to launch a future IPO.
Platform-as-a-Service/PaaS
Nationwide moves payments processing to the cloud with Form3
UK building society says the platform’s deployment “is an exciting moment”.
Hana Financial Group completes cloud migration with Oracle
South Korean firm shifts 15 million customer accounts off premises.
SEB signs Google Cloud partnership extension
SEB to deploy Google services across wider segments of the bank.
Paysafe inks Azure cloud deal with Microsoft
The two firms extend an existing tech partnership.
TransferWise rebrands as Wise to push platform capabilities
It’s dropping the first part of its name in a bid to underpin its expansion as a platform player.
Wealthtech Elinvar raises €25 million funding
Founded in 2016 in Berlin, Elinvar has “the vision to connect the entire wealth management ecosystem”.
The end to end benefits of cloud first transformation
Cloud has become a go-to technology for many in the financial services industry.
Unit raises Series A funding to offer banking intergration
The start-up has raised a total of $18.6 million to-date.
Deutsche Bank expands Google cloud partnership
Major German lender expands cloud usage to lending and retail banking.
Bank of England selects Appvia for two-year cloud development scheme
Appvia wins selection process started in January 2020.
Australian lender RedZed is first live on SAP’s Cloud for Banking service
RedZed goes live on SAP package deal, hosted on Amazon Web Services.
Solarisbank migrates entire infrastructure to AWS cloud
German BaaS provider claims to be first of its kind to make such a move.
Prospective Philippines digital bank Uno picks Mambu
Uno’s parent DigiBankAsia is working with Philippine regulators to obtain a licence.
UK challenger Monument partners with Mambu, AWS & Accenture
“Monument concluded that no appropriate single solution existed”.
UK BaaS provider Griffin lands £6.5m to fund banking licence
Ex-Airbnb software engineer David Jarvis leads Griffin.
UK BaaS Railsbank lands $37m for US credit expansion
“Railsbank [is] set out on a mission to be a truly global platform.”
Standard Chartered signs five-year cloud deal with AWS
The bank deepens its relationship with cloud hosting giant.
Afterpay signs up to Westpac banking-as-a-service platform
Afterpay plans to launch a savings account on the Aussie bank’s software.
Trio of European start-ups raise fresh funding
Factris, KodyPay, and Swan all complete funding rounds this week.
Volt Bank partners with Microsoft to launch BaaS platform
Volt aims to provide retailers and incumbent banks with digital banking services.
Destination public cloud
It is estimated that global public cloud revenues will grow by about 17% this year.
Refinitiv and Microsoft agree on Azure partnership
Microsoft’s flagship cloud platform to support Refinitiv going forward.
Banking Technology September 2020 issue out now
Tipping point: Google vs Oracle showdown.
Back & middle-office disruptor LemonTree launches first product
The start-up is challenging clients to get up and running in 90 days.
SimCorp puts Dimension on the cloud with Microsoft Azure
Investment systems vendor signs public cloud deal with Microsoft.
Standard Chartered signs multi-year cloud deal with Microsoft
The bank is shifting a series of systems to the cloud by 2025.
RBC taps Red Hat and Nvidia for new AI private cloud
The Canadian bank aims to run thousands of simulations for “millions of data points.”
Lloyds partners with Form3 to create group-wide payments platform
The UK bank is acquiring an undisclosed minority equity stake in Form3.
HSBC signs multi-year cloud deal with AWS
Amazon Web Services is to become a “long-term strategic partner” for HSBC.
FNZ and State Street collaborate on wealth management servicing venture
FNZ will acquire a majority stake in State Street’s Wealth Manager Services business.
Infrastructure that gives you an edge: payments-as-a-service
The only technology model for future payments ecosystems.
solarisBank lands $67.5m in Series C round
The funding was led by German VC firm HV Holtzbrinck Ventures.
OakNorth partners with major US lender PNC Bank
The bank is using OakNorth’s COVID Vulnerability Rating (CVR) framework.
IBM signs services deal with Dutch insurance giant Aegon
IBM set to manage Aegon’s run-off life insurance until 2066.
IBM signs payments modernisation deal with 75 Canadian credit unions
Big Blue to outfit Canadian CUs across three provinces.
Glafka Capital implements Valk’s Corda-based solution
R3’s Corda platform underpins 40 other investment banks.
Singtel’s NCS and NETS to develop electronic payments platform for central banks
The firms will also create a “next-generation” suite of central banking products.
US-based Customers Bank adopts OakNorth’s lending platform
The US bank holds $11.5 billion in assets.
Free Senegal migrates to Comviva to boost mobile money offering
The mobile network operator has 4.4 million subscribers for its digital wallet.
