ING has a thing for data analytics

€300m for fintech investment

ING Wholesale Banking has set out its plans to increase investments in data analytics and put more resources into Asia and the Americas. It’s very early days as its ambitions and goals offer no real specifics. Stats and timelines are like good service in shops in the UK – i.e. almost nowhere to be seen. […]

BMO Financial Group injects $2m into Montreal AI lab

BMO Bank of Montreal logo

BMO Financial Group is putting $2 million into Creative Destruction Lab Montreal (CDL-Montreal) to fund artificial intelligence (AI) and data science projects. CDL-Montreal will target seed-stage start-ups by providing business and technology mentoring, equity opportunities and business development partnerships. On 15 December, the first cohort of 28 businesses, made up entirely of AI start-ups, will […]

UK urged to improve data protection for the digitally naive

uk flag

Several consumer groups have written to UK Minister for Digital Matt Hancock urging changes to data privacy and protection rules, removing grey areas which allow companies to navigate breaches unscathed, reports (Banking Technology‘s sister publication). Many rules and regulations should be viewed as dated today. This is not necessarily anyone’s fault, but is more […]

Forrester: don’t give up on private clouds, yet

Cloud - DEP A

For the past several years, private clouds have taken a backseat to the big public cloud providers, with Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform sucking up all the oxygen around the conversation of how to manage enterprise infrastructure, reports Enterprise Cloud News (Banking Technology’s sister publication). Now, however, private clouds are […]

Payments round-up: 22 November 2017

digital payments

Hot on the heels from Monday’s (20 November) round-up, here are more lively adventures in the paytech space. Featuring Manigo powering up; Volante Technologies and eVision in North Africa; and ACI Worldwide and Payworks getting friendly. Digital money platform Manigo has launched. The firm, which is based in London’s tech hub Level39, says it will […]

Robots have got OCBC’s retail banking backend covered


Hey humans! Feeling down? Well let’s get down some more. OCBC Bank has launched two robots to enhance internal backend processing speeds in its retail banking secured lending (CSL) and finance teams. The robot attached to the CSL team assists with housing loan re-pricing. This includes processing time, which “has been almost entirely reduced” (i.e. […]

Standard Chartered and Axis Bank launch cross-border payments via Ripple


Standard Chartered and Axis Bank have unveiled a real-time cross-border payment service for corporates using Ripple’s distributed ledger technology (DLT) solution. This offering is now commercially available between Standard Chartered (Singapore) and Axis Bank India, and, accessible through Standard Chartered’s corporate digital banking platform, Straight2Bank. Himadri Chatterjee, president, transaction banking, Axis Bank, says by using […]

SumUp teams with BancoEstado for cool mobile card deal in Chile

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SMEs in Chile have just won a new ally when it comes to making it easier to accept mobile card payments. The country’s largest national bank, BancoEstado de Chile, has partnered with SumUp to launch a joint venture (JV) that will give Chilean businesses the ability to offer “anytime, anywhere” mobile card acceptance without fees […]

HPE enterprise sales sluggish in Q4

HPE logo

Hewlett Packard Enterprise (HPE) saw revenue up 5% year-over-year to $7.8 billion, but it’s having trouble gaining traction with enterprise sales – and its CEO is leaving, reports Enterprise Cloud News (Banking Technology’s sister publication). For the fourth quarter ending 31 October, combined net revenue for HPE was $7.8 billion, including $174 million associated with […]

Commercial Bank of Ceylon in digital banking tech revamp with Fiserv

New tech project for Fiserv in Sri Lanka

Commercial Bank of Ceylon (Combank), a long-standing user of Fiserv’s Signature core banking system, is now extending the vendor’s tech to the front office.