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BT adds Volante messaging tools to Radianz cloud

BT Radianz says the new technology will improve the efficiency of clearing

Financial network BT Radianz has added Volante Technologies’ tools to the BT Radianz Cloud, in a move the two firms say will improve the reliability of clearing, settlement and payment transaction processing while cutting costs.

Citihub and Excel IT ally for cloud data centre services

Citihub Consulting, a global IT advisory firm, has partnered with IT services specialist Excel IT to offer a combined proposition covering infrastructure strategy and architecture through to migration logistics and ongoing support.

Barclays launches cloud contingency payments with AccessPay

Barclays has launched a cloud-based contingency service

Barclays has launched a cloud-based contingency payment service for corporates, which the bank says will help corporates to make payments even if they are unable to use their primary channel, for example during an internet outage. The deal comes as financial institutions and corporates increase their focus on risk mitigation.

ANZ extends IBM partnership with £200m+ strategic deal for cloud-based innovation lab

ANZ has had a relationship with IBM for 40 years

ANZ has signed a five-year, A$450 million (£208 million) strategic agreement with IBM, the centrepiece of which is the establishment of a cloud-based Innovation Lab based on IBM’s Bluemix cloud development platform-as-a-service.

Ciber machine will convert Cobol into cloud ready code

Service provider Ciber claims to have solved one of the most expensive problems in business: upgrading legacy systems to make them secure and cloud friendly. Its new system, Ciber Momentum, converts the code from languages such as Cobol, Ada and Pascal into a more cloud-ready format.

How the Internet of Things is helping banks put their customers first

Jane Tweddle is

At the SAP Financial Services Forum in London last month, the topic of digital transformation dominated the agenda. From legacy banks with lumbering IT systems to nimble fintech startups, the consensus was clear: The long-standing status quo is simply unsustainable in an increasingly digital economy

Cloud – not just the remit of the financial technology start-up

Ian Massingham is UK technical evangilst at Amazon Web Services

Over the past few years the financial industry has started to reinvent how it operates. Organisations are changing the way they serve their potential and existing customers, while maintaining the high levels of compliance and security that their customers and regulators require. The technologies available today mean that financial services organisations aren’t constrained in the way they once were. They can now access secure and compliant technology, on-demand, in the cloud which is helping them to create new ways to bring value to customers. But not all financial institutions have been able to take advantage of these technologies in the same way as newer entrants to the market have

Cloud: lit from within

David Ar

Cloud-based technologies are spreading rapidly through the business world: the research firm IDC expects the cloud software market to be worth more than $100 billion by 2018, implying compound annual growth of more than 21%, roughly five times faster than traditional packaged software. It is clear that cloud computing is on course to become an […]

Leeds Building Society targets “customer engagement” with HP deal

Leeds Building Society has already shifted its savings and lending business onto a hosted HP platform

Leeds Building Society is to revamp its customer engagement tools through a ten-year deal with HP Enterprise Services, which will encompass a number of independent software vendors working on different parts of the business. The deal builds on the earlier deal between the two firms in 2013, which focused on the building society’s core banking platform.

The next phase of outsourcing: change the bank with digital transformation

xyz

Financial services firms have always faced market volatility, but new challenges are forcing most to rethink their traditional operating models in favor of outsourcing. The expanded use of outsourcing models will help improve revenue and create new business opportunities

@banking
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