Cloud Innovations in Finance

Alibaba plans US$3.17 billion note sale to fund cloud and AI buildout

Muhammad Zulhusni — Thu, 11 Sep 2025 07:57:36 +0000

Chinese tech firms are trying to raise cash as the fight for market share in AI heats up, and Alibaba is taking the lead. The e-commerce giant is seeking about US$3.17 billion through the sale of zero-coupon convertible notes, a deal set to be the largest of its kind this year. The notes, due in […]

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Meta strikes $10 billion cloud deal with Google to support AI growth

Muhammad Zulhusni — Mon, 25 Aug 2025 09:00:00 +0000

Meta is betting big on AI, agreeing to spend more than $10 billion on Google’s cloud services over the next six years, according to people familiar with the deal. The arrangement, which includes servers, storage, networking, and other infrastructure, marks one of the largest agreements in Google Cloud’s 17-year history. Neither company would comment on […]

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Digital Operational Resilience Act: Compliance will only take banks so far

Duncan MacRae — Mon, 20 Jan 2025 12:49:31 +0000

The EU’s Digital Operational Resilience Act (DORA) regulation came into full effect on January 17, 2025, two years after its official adoption. The regulation aims to strengthen the resilience of the financial sector against various digital risks, including cyber threats and technology failures. It establishes a comprehensive framework that requires financial institutions to put in […]

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Oracle Cloud Service enables banks to manage climate change risk across portfolios

Duncan MacRae — Tue, 30 Apr 2024 06:50:00 +0000

Financial institutions are under increased pressure from regulatory bodies to understand their environmental footprint and that of the companies they finance or invest in, otherwise known as financed emissions. To help banks better assess climate risk Oracle today announced Oracle Climate Change Analytics Cloud Service. With built-in AI, the new reporting and analytics solution is […]

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Sopra Banking Software and AWS expand work to bring banks to the cloud

Duncan MacRae — Mon, 25 Mar 2024 09:23:49 +0000

Sopra Banking Software (SBS) has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS Partners who provide software solutions that run on or integrate with AWS. The ISV program helps AWS Partners drive new business and accelerate sales cycles by directly connecting participating ISVs with the AWS […]

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HSBC partners with Google Cloud to grow climate tech ecosystem

Duncan MacRae — Mon, 12 Feb 2024 08:21:00 +0000

HSBC has partnered with Google Cloud to accelerate climate mitigation and resilience through financing and support for companies in the Google Cloud Ready – Sustainability (GCR-Sustainability) programme. GCR-Sustainability is a validation programme for companies with solutions available on Google Cloud that help customers achieve goals including carbon emission reduction, increased sustainability in value chains, and processing of […]

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Kyndryl unveils banking and financial industry services for Google Cloud customers

Duncan MacRae — Mon, 06 Nov 2023 08:26:02 +0000

Kyndryl, a technology infrastructure services provider, has unveiled new services for financial services organisations seeking to use Google Cloud to safely store and protect their confidential and sensitive data. Kyndryl’s new services are designed to enable a unified, scalable and security-rich data platform to support customers’ regulatory and compliance activities and requirements. Kyndryl developed the […]

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UK startups wasting over two weeks per year – costing the UK an estimated £37bn in GDP

Duncan MacRae — Mon, 23 Oct 2023 14:00:37 +0000

UK startups and microbusinesses are wasting over two working weeks every year on admin tasks, including managing mobile phone contracts, choosing energy providers, and buying insurance – according to new research. The study, conducted by Beasy, which surveyed 500 business owners employing between 1-9 people, found that startup founders are spending an average of 5.5 […]

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Google Cloud launches AI-powered anti-money laundering product

Duncan MacRae — Mon, 26 Jun 2023 16:59:28 +0000

Google Cloud has unveiled its Anti Money Laundering AI (AML AI), an artificial intelligence (AI)-powered product designed to help global financial institutions more effectively and efficiently detect money laundering. Money laundering is a complex problem with a growing global impact. The amount of money laundered each year is estimated to be 2-5% of global GDP, […]

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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 […]

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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, […]

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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 […]

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