IBM sees strong demand for AI, cloud modernization
IBM clients continue to prioritize digital transformation through the cloud and investment in AI as tech spend remains strong across...
Core & Cloud
Q4 transactions: Ally, Microsoft team up on gen AI
In 2023, financial institutions continued to look to third-party vendors for innovative solutions to enhance their offerings. Courtesy/Getty Images A...
82% of FIs plan to migrate to the cloud in next 5 years
Eight in 10 financial institutions will migrate at least half their core systems to the cloud starting in 2024 in...
Fintech Funding: Fintech venture fund Canapi raised $750M
As the global economy faced macroeconomic headwinds coupled with rising rates, fintech funding in 2023 remained subdued compared to prior...
European Transactions: Santander Bank moves CIB operations to Google Cloud
Santander Bank has successfully moved its corporate investment banking business to the cloud as part of its effort to migrate...
Migrating to the cloud turbocharges AI for banks
Efficiency and cost-savings are two reasons financial institutions are tapping into their cloud providers’ AI capabilities rather than building the...
UK consults on plans to regulate tech firms critical to finance
The UK has started consulting on its proposals to oversee the cloud computing and data analytics services that banks depend...
Fintech funding: Mega rounds increase 50% QoQ
Global fintech funding dropped marginally in the third quarter sequentially, but deals worth more than $100 million substantially increased as...
European Transactions: Deutsche Bank invests in AI-driven fintech
Deutsche Bank made a seed investment in AI-driven information and documentation processing company Kodex AI last month. The Berlin-based startup...
Jack Henry focuses on tech modernization
Jack Henry continued to prioritize its tech modernization strategy during its fiscal first quarter as it worked to bring its...
