IBM is adding capacity to CEO Ginni Rometty's pledge to make enterprise cloud services central to the company's future growth plans, with the addition of 12 new data centers around the world....
Cloud Lending, the cloud-based infrastructure provider specializing in the non-bank lending market has launched a new platform aimed at providing a turnkey cloud-based infrastructure for peer-to-peer and marketplace lending.
Banks used to give out free toasters, but in an effort to court entrepreneurs and small- and medium-sized businesses, Barclays is planning to give a much larger freebie. The bank plans to give small...
Dutch bank ABN Amro and IBM have signed a 10-year, multibillion-dollar outsourcing deal through which IBM will use a cloud-based model to manage the IT infrastructure supporting the bank's global operations. Exact terms of the deal were not disclosed, but the companies say the transition to a cloud infrastructure is expected to yield financial savings for ABN Amro over the life of the deal.
Moscow Exchange is beginning a relocation of its primary data center to a Tier III accredited facility, with plans to be fully operational by mid-2016. The move will give the exchange more space and internationally-recognized data center certification to continue to attract and support its growing western client base.
Deutsche Bank is reportedly working with IBM, Microsoft and India's HCL Technologies to set up joint innovation labs in Berlin, London and Palo Alto. The firm plans to send bankers across business units to these labs in an effort to spur innovation and improve digital services, the Wall Street Journal reported.
Nasdaq is reportedly about to unveil the high-tech renovations to its Times Square headquarters building. The exchange reportedly spent $10 million to add features to the building, which is already...
Technology investment has been key to managing the low interest rate environment, Bank of America Merrill Lynch CEO Brian Moynihan said Wednesday, by helping the firm improve efficiency while at the same time funding projects that could offer competitive advantages.
Barclays plans to devote considerable IT resourced to supporting an ambitious open source data project underway at Commonwealth Bank of Australia. The project, which involves building an extract, transform and load (ETL) tool that can run on Hadoop, has already been underway at CommBank for three years.
When Long Beach, Calif.-based Farmers & Merchants Bank decided to implement an enterprise content management system years ago, automated audit trails and centralized management of business processes were not part of the plan. Instead, the firm simply wanted to free up storage space.