Future of Money

Digital Transformation in Banking News

Digital Transformation in Banking by Essentials is the daily digest that only curates the most insightful news from trusted experts in the industry of online banking. Discover all the latest in digital banking trends, find out what's in store for the future of fintech, and much more.


Cloud computing, Amazon Web Services, Bank, Google, Financial services, Amazon.com

@Finextra shared
On Jul 28, 2022
Finextra Long Read: Leveraging cloud connectivity https://t.co/ypNCoj6SQj #fintech https://t.co/touXo15IX5
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Leveraging cloud connectivity

This is an excerpt from Finextra’s report, 'The Future of Digital Banking in the UK 2022'. When digi...

@Finextra shared
On Jul 28, 2022
Finextra Long Read: Leveraging cloud connectivity https://t.co/ypNCoj6SQj #fintech https://t.co/touXo15IX5
Open
Leveraging cloud connectivity

Leveraging cloud connectivity

This is an excerpt from Finextra’s report, 'The Future of Digital Banking in the UK 2022'. When digi...

US Lawmakers Seek Tighter Regulation Of Financial Cloud Services

US Lawmakers Seek Tighter Regulation Of Financial Cloud Services

House Representatives Katie Porter and Nydia Velázquez have asked the FSOC to look into tighter oversight of Big Tech cloud services in the financial sector.

How Traditional Institutions Can Raise Their Game in the Cloud

How Traditional Institutions Can Raise Their Game in the Cloud

Two banks kiss antiquated technology goodbye and stake their future on the public cloud to reduce cost and have fintech-like speed-to-market.

With Fintechs gaining rapid market share, are traditional banks in trouble? Sudipta Kumar Ghosh who is a thought leader in the fintech space answers

With Fintechs gaining rapid market share, are traditional banks in trouble? Sudipta Kumar Ghosh who is a thought leader in the fintech space answers

Spotlight News: For this, financial institutions also need to understand what their expectations for migrating to the cloud are. Some of the core competencies that th

Microsoft Cloud for Financial Services — Architect Perspective

Microsoft Cloud for Financial Services — Architect Perspective

Financial institutions have embraced digital innovation at a recorded pace to adopt new ways of working and serving the financial needs of the customer base.

IBM, Bank of America team up to launch financial services-specific cloud

IBM, Bank of America team up to launch financial services-specific cloud

International Business Machines Corp said on Wednesday that it has built financi...

Will the Cloud Eliminate Enterprise Data Centers?

Will the Cloud Eliminate Enterprise Data Centers?

Companies large and small are moving away from data centers toward cloud computing. Here's why your business should join them.

Bank of America taps IBM for public cloud as Big Blue unveils financial services-focused platform

Bank of America taps IBM for public cloud as Big Blue unveils financial services-focused platform

IBM's work with Bank of America on the public cloud platform began 18 months ago and the bank is "committing to use this public cloud environment for even sensitive data," IBM Cloud CTO ...

Banking and the cloud: should banks adopt cloud computing solutions?

Banking and the cloud: should banks adopt cloud computing solutions?

Should banks migrate their data to cloud-based storage solutions? This article examines the benefit of cloud-computing solutions for banks.

EQ Bank Moves Core Banking System to the Cloud

EQ Bank Moves Core Banking System to the Cloud

TORONTO – November 21, 2019 – Today, EQ Bank, the digital arm of Canada's Challenger Bank™ Equitable Bank (TSX: EQB and EQB.PR.C), announced it has moved its entire core banking system to ...

Innovate and Launch: How banks can securely leverage cloud to expand into new markets

Innovate and Launch: How banks can securely leverage cloud to expand into new markets

A Finextra Research Impact Study in Association with Mambu and Amazon Web Services (AWS). The cloud can power innovation for financial institutions. According to McKinsey, 70% of banks are ...

Exclusive: ‘Elevated Decisions’ – Marcus Chambers, VMWare in “The Fintech Magazine”

Exclusive: ‘Elevated Decisions’ – Marcus Chambers, VMWare in “The Fintech Magazine”

Financial institutions, with a timely nudge from COVID-19, have woken up to the transformational potential of the Cloud. We spoke […]

CTO interview: Paul Clark, Tandem Bank

CTO interview: Paul Clark, Tandem Bank

Tandem Bank’s chief technology officer had a close encounter with legacy banking when he left his previous job to pursue a career in fintech.

Cloud Usage Report 2019 Shows Shift in How Companies Consume Cloud Services

Cloud Usage Report 2019 Shows Shift in How Companies Consume Cloud Services

Study finds appetite for cloud services is growing, and companies are turning to Microsoft Azure faster than AWS to manage workloads in the public cloud.

Standard Chartered Selects AWS to Power Its Strategic Banking Systems and Workloads

Standard Chartered Selects AWS to Power Its Strategic Banking Systems and Workloads

Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), and Standard Chartered Bank plc (LON: STAN), a leading internation

Cloud computing giants under scrutiny from Financial Services regulators

Cloud computing giants under scrutiny from Financial Services regulators

The UK’s Prudential Regulation Authority (PRA), which oversees financial stability, is to take steps to bolster banks on the cloud.

IT’s Sudden Challenge: Connecting a Distributed Workforce

IT’s Sudden Challenge: Connecting a Distributed Workforce

With thousands of businesses enabling a work-from-home strategy, millions of employees must quickly adapt to communicating and collaborating in entirely new ways to maintain business ...

Look to Efficiency and Innovation to Drive Competitive Advantage in Banking

Look to Efficiency and Innovation to Drive Competitive Advantage in Banking

We’re seeing a wave of change sweeping the industry directly related to financial institutions’ need to innovate and transform to compete.

‘Legacy institutions have the scale, but not the agility’: How Google wants to help banks digitize their processes

‘Legacy institutions have the scale, but not the agility’: How Google wants to help banks digitize their processes

Finance Everywhere Cloud computing, embedded finance and self-service tools will be the main areas of focus for the finance industry this year, according to Zac Maufe, head of retail ...