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Why cyber resilience remains an underrated element of the security strategy

James Bourne — Wed, 29 Mar 2023 12:13:00 +0000

A curious article from February 1’s issue of the Borneo Post shone a light on the gap between expectation and reality when it comes to cyber recovery. Professional services provider KPMG surveyed Asia-Pacific organisations and found almost three quarters (73%) of CISOs did not have the influence to protect their companies fully. Moreover, while progress... Read more »

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Belfast Harbour sets sail with Oracle Fusion Cloud ERP

Duncan MacRae — Thu, 12 Jan 2023 11:14:15 +0000

Belfast Harbour, Northern Ireland’s principal maritime gateway and logistics hub, has selected Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Enterprise Performance Management (EPM) to streamline its financial operations, increase agility, improve insights, and enhance decision making across the organisation. Belfast Harbour is Northern Ireland’s primary maritime gateway for trade by operating a sustainable and world-leading regional... Read more »

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Microsoft buys stake in London Stock Exchange Group in twist on digital transformation deals

James Bourne — Thu, 15 Dec 2022 15:25:55 +0000

Microsoft has announced a 10-year strategic partnership with the London Stock Exchange Group (LSEG) to put the financial markets providers’ infrastructure and data analytics onto the Microsoft cloud – and has acquired a 4% stake in the group in the process. Seasoned cloud industry watchers will know how these sorts of strategic partnerships play out.... Read more »

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BankID expands Digital Identity Protection with OneSpan

Duncan MacRae — Wed, 07 Sep 2022 08:40:00 +0000

OneSpan, a digital agreements security company, has expanded its OneSpan Cloud Authentication service with BankID. BankID first launched with OneSpan in September 2021 and has already reached a multi-million user milestone that is expected to continue growing as BankID’s technology adoption increases. This expanded partnership further solidifies the crucial role BankID has entrusted to OneSpan... Read more »

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NatWest Markets partners with Google Cloud to bolster its data capabilities and customer experiences

Duncan MacRae — Wed, 13 Jul 2022 11:48:03 +0000

NatWest Markets has migrated to Google Cloud in order to achieve limitless scalability, power predictive risk modelling with analytics capabilities, and streamline regulatory compliance. Founded in 2016 as the investment arm of Natwest Group, NatWest Markets helps its corporate and institutional customers manage their financial risks and achieve financial goals while navigating changing markets and regulation. Today,... Read more »

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Spanish neobank Plazo partners with cloud banking platform Mambu

Duncan MacRae — Wed, 08 Jun 2022 12:16:50 +0000

Spanish neobank Plazo has closed a strategic partnership with Mambu, a cloud banking technology platform. This alliance allows Plazo to accelerate the development of cutting-edge lending solutions, with access to more than 30,000 new product combinations and fuel its expansion to further consolidate as the go-to financial wellness app covering people’s daily purchase, saving and... Read more »

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Rakuten Europe Bank partners with Temenos to take banking to the cloud

Duncan MacRae — Tue, 22 Mar 2022 12:10:56 +0000

Rakuten Europe Bank – part of the Rakuten software group, a unique ecosystem of 70+ businesses and over 1.6 billion members worldwide – has signed with Temenos to deliver banking services including Rakuten Pay on the Temenos Banking Cloud. Powered by Temenos open platform, it is hoped Rakuten Europe Bank will accelerate its growth across... Read more »

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Prudential Regulation Authority concerned over banks’ reliance on cloud

Fin Strathern — Mon, 10 Jan 2022 12:36:59 +0000

The Prudential Regulation Authority (PRA), responsible for regulating UK banks, credit unions, and insurers, plans to increase its scrutiny of major cloud computing providers. Concerns stem from the growing reliance the banking sector has on the Big Three to maintain its systems and the threat an outage or hack could pose. As a result, the... Read more »

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Bank of England warns that banks are overly reliant on cloud

Fin Strathern — Fri, 16 Jul 2021 08:18:57 +0000

The Bank of England is calling for increased powers to oversee the banking and finance sector’s switch to cloud computing. Its concerns stem from cloud adoption making systems more secretive and concentrating sensitive data in the hands of a select few tech giants like Amazon and Microsoft. The central bank has said it will need... Read more »

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Commerzbank continues Google Cloud partnership in multi-cloud migration plan

James Bourne — Mon, 29 Mar 2021 10:22:41 +0000

German commercial bank Commerzbank is moving into a five-year deal with Google Cloud to migrate a ‘significant number’ of its banking applications into the cloud. The expanded agreement will mean Google offers the bank ‘a deeper set of platform services to enable its digital transformation’, the companies noted. Commerzbank developers will be able to follow... Read more »

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