Deutsche Bank is launching a Digital Factory in Frankfurt that will employ 400 digital specialists and banking experts working cooperatively to modernize the bank's technology infrastructure. The Frankfurt facility will work closely with the bank's existing innovation labs in Berlin, London and Silicon Valley.
Infosys is launching a framework for rapidly deploying blockchain-based services in financial services. The framework, called EdgeVerve Blockchain Framework, is being launched by Infosys subsidiary EdgeVerve Systems.
In an in-depth technological study conducted in partnership with Accenture, SWIFT outlined the gaps that need to be addressed before the blockchain or other distributed ledger technologies are ready for mission-critical use in financial services. The study is also a blueprint of what criteria must be met for its own services to include a distributed ledger offering, SWIFT says.
As financial companies increasingly leverage big data, they have explored and embraced non-relational databases for their most advanced analytics. But NoSQL database provider Aerospike envisions bigger use cases in finance.
As a large corporation that is also an Amazon Web Services (AWS) user, Capital One last year began developing a product to improve the efficiency of its AWS cloud resource management. Today, that tool, which Capital One calls Cloud Custodian, is not only in use by Capital One, but it is also being published by the company to the open source community.
Bank of America Merrill Lynch is planning to pull a significant chunk of its mortgage business in-house from outsourced mortgage solutions provider PHH Corporation, PHH announced Monday. The bank plans to handle the business through its internal operations.
Deutsche Bank has opened an innovation lab in Silicon Valley for evaluating emerging technology that could enhance its products, services and internal processes. The bank is partnering with IBM,...
Blackstone Group aims to introduce Indian IT outsourcing firm Mphasis to its portfolio of companies once its deal to take a majority stake in the company is completed. The giant investment firm sees Mphasis having particular strength in financial services.
Financial firms will have strong representation in the Linux Foundation's Hyperledger Project, as many of the newly announced leadership roles have been filled by financial industry players.
The hiring of 100 people in the bank's equity trading operations has already begun, and will strengthen Deutsche Bank's operations in the United States, Europe and Asia.