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HSBC digitises global trade with IBM

HSBC digitises global trade with IBM

HSBC and IBM are working on a project “to develop a cognitive intelligence solution combining optical character recognition with advanced robotics to make global trade safer and more efficient”.

Bank of Cyprus in digital transformation with IBM

Bank of Cyprus embraces digital with IBM

Bank of Cyprus has selected IBM as its “strategic partner” for its digital transformation plan.

IBM launches security testing services for IoT developers

IBM working with Standard Life and ING Direct Australia

IBM’s security arm is launching testing services for the internet of things (IoT) – with Watson IoT offering configuration and management capabilities for IoT environments, reports Finovate (Banking Technology’s sister company). IoT technologies are on the rise – in fact, Gartner predicts that connected things will reach 20.4 billion by 2020. This flood of new capabilities comes with the […]

No silver lining for IBM cloud revenues

IBM working with Standard Life and ING Direct Australia

Despite a big push in its cloud-coated ambitions, IBM has revealed a drop in revenues for its technology services and cloud platforms. For its Q2 2017 results, revenues for this largest part of its business (including infrastructure services, technical support services and integration software) was $8.4 billion, down 5.1%. However, in its “strategic imperatives”, IBM […]

IBM blockchain powers Borsa Italiana’s digital securities scheme

Italy

Italy’s only stock exchange Borsa Italiana, part of London Stock Exchange Group, and IBM are building a blockchain solution to digitise the issuance of securities for unlisted small and medium enterprises (SMEs) in Europe. The aim is to simplify the tracking and management of shareholding information, and create a distributed shared registry containing a record […]

IBM unveils data protection engine for cloud era

IBM working with Standard Life and ING Direct Australia

IBM has unveiled IBM Z, a new transaction system, capable of running more than 12 billion encrypted transactions per day and designed for use in the cloud. The firm is looking to address data breaches, which it reckons are a major factor in the $2 trillion cybercrime impact on the global economy by 2019. IBM […]

Top fintech stories this week – 14 July 2017

Banking Technology logo

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Aktia Bank finally live with Temenos T24 core banking system “Some system repairs will be carried out during the following weeks.” HSBC and Barclays pilot banking without borders Testing use of a citizen’s national digital identity. ANZ, Westpac […]

ANZ, Westpac and IBM trial blockchain for bank guarantees

Blockchain

Australia and New Zealand-based banking group, ANZ, and Westpac have teamed with IBM and shopping centre operator Scentre Group to use blockchain to digitise the bank guarantee process for commercial property leasing. The trial used distributed ledger technology (DLT) to eliminate the need for current paper-based bank guarantee documents, resulting in a “single source of […]

Top fintech stories this week – 30 June 2017

Banking Technology logo

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

IBM and seven European banks team for SME trade finance blockchain project

SAP launches Blockchain-as-a-Service

A group of seven large European banks, Digital Trade Chain Consortium, have turned to IBM to build and host a new trade finance platform, based on IBM Blockchain powered by Hyperledger Fabric.

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