Dell makes case for cloud “core”

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Make another space on your buzzword bingo card, as Dell is talking about the cloud “core”, reports Enterprise Cloud News (Banking Technology’s sister publication). “We decided instead of the edge and the cloud we need one more point – the core,” Jason Shepherd, Dell director of IoT strategy and partnerships tells Enterprise Cloud News. The […]

Multicloud can lead to management nightmare – survey

Datacenter with two Cloud storage symols

As enterprises move to a multicloud universe that combines different public and private clouds, the question now becomes how to manage all these competing platforms as the complexity builds? Enterprise Cloud News (Banking Technology’s sister publication) reports that’s the question at the heart of a study released this week by research firm and sponsored […]

Fintech funding round-up: 17 November 2017


Following on from yesterday’s (16 November) fintech funding fun, here’s another summary. Features Flender, Tipigo Ventures, India Accelerator, Kuants, Sumeru and a handy $2 billion in Singapore. Return to Flender. Address known. As reported in May, peer-to-peer lending start-up Flender was seeking to get €1 million in funding and is targeting a UK launch after […]

Wanted: US-based bank for crypto-friendly fun

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It wasn’t spotted on Craigslist but here’s an unusual request. If you are the owner of a small or medium-sized bank in the US and are ready to sell it completely (or partially) – you have a buyer! Vladislav (aka Slava) Solodkiy, managing partner at venture capital (VC) firm Life.Sreda, is being refreshingly direct and […]

Alogent adds Jwaala to digital banking tech portfolio

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US firm Alogent has acquired a Texas-based digital banking tech vendor, Jwaala, for an undisclosed amount. Alogent, which is based in the US state of Georgia, says it will continue to support Jwaala’s collection of solutions, which will be marketed under the new name, Alogent Digital. Dede Wakefield, Alogent CEO, describes the acquisition as “the […]

PoC-ketful of fintech pinnacles for Kickstart Accelerator

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Fintech is running like clockwork in Switzerland as over 30 proof of concepts (PoCs) and partnerships have been secured at Zurich-based Kickstart Accelerator’s tech programme. The accelerator – an initiative of digitalswitzerland and operated by Impact Hub Zurich – saw 29 start-ups as well as an intrapreneur team from AXA Winterthur and Swisscom working in […]

Raiffeisen Switzerland sheds its stake in core banking tech vendor Avaloq


Raiffeisen, the third largest banking group in Switzerland, is selling its 10% stake in core banking tech vendor Avaloq to private equity firm Warburg Pincus.

Veridium and Wala bring blockchain power to Africa’s unbanked


Biometrics firm Veridium has teamed with Wala, a blockchain-powered financial services platform, as they target the unbanked and underbanked population in Africa. The duo will collaborate on a pilot programme in sub-Saharan Africa to demonstrate their digital model offering “zero-fee banking”. This pilot is funded by a grant awarded to Veridium from the Digital Financial […]

Facebook data privacy lawsuit is worth keeping an eye on


Large companies getting sued is nothing particularly new, but a lawsuit over whether Facebook has violated the data privacy rights of European citizens might make quite a splash, reports (Banking Technology‘s sister publication). As reported back in September, Facebook was slapped with a fine from the Spanish data protection watchdog for inappropriately collecting and […]

Actiance acquired by K1 Capital Management


Communications compliance and analytics company Actiance has made its exit this week. The California-based company has been acquired by K1 Investment Management, an investment firm focused on acquisition-based growth opportunities, reports Julie Muhn at Finovate (Banking Technology’s sister company). K1 will join Actiance with its rival, Smarsh, which specialises on archiving compliance. The combined company will reach […]