editor's corner

  • Looking to bring innovation to the data center

    Founded in 2013, the OpenPOWER Foundation is an open technical membership organization that IBM hopes will enable data centers to rethink their approach to technology. Members are encouraged to customize IBM POWER CPU processors and system platforms for their business needs.


Anti-money laundering challenges may cause retrenchment from correspondent banking, study shows

Anti-money laundering requirements can be costly and challenging to implement in general. In the correspondent banking world, the challenge can be magnified by multiple additional layers of complexity. This complexity has prompted some banks to pull back from correspondent banking, a recent PwC report argues, creating a new phenomenon in the correspondent banking world known as de-risking.


Fidelity boosts activity monitoring to protect aging clients

In an effort to better protect aging clients who may have diminished capacity, Fidelity is partnering with technology provider EverSafe for enhanced identity theft protection and activity monitoring.

In the unbundling of banking, TransferWise sets sights on cross-border payments

The banking industry has become accustomed to the term peer-to-peer lending, but a 4-year-old company is seizing an opportunity to apply the peer-to-peer concept to another piece of banking: international money transfers. TransferWise, has created what is essentially an automated global matching platform for international money transfer, and is now supporting money transfers in more than 400 currency pairs.

Diebold, Wincor Nixdorf emphasize software and services in forming largest ATM maker

Diebold's $1.8 billion acquisition of German rival Wincor Nixdorf will create the world's largest ATM maker. But in combining, the two companies highlighted their shared vision for software and services and their joint research and development expertise more than their combined ATM might.

Genpact taps RAGE to integrate artificial intelligence into risk and middle- and back-office functions

Fintech provider Genpact, whose Lean Digital platform streamlines and automates middle and back offices for financial firms, will partner with RAGE Frameworks to add the power of artificial intelligence to bank processes.