Lloyds Banking Group, IBM sign $1.66 billion cloud deal

IBM has signed a ten-year cloud services agreement with Lloyds Banking Group in the UK with a contract value of roughly $1.66 billion (£1.3 billion, including VAT). The company says it will...

Carnival to offer Alipay payment services across its Asian fleet

Leisure travel company Carnival has signed an agreement to offer Alipay payment services onboard its cruise ship fleet in Asia, including multiple ships in China. The partnership will enable Chinese guests...

IBM, Santiago Exchange introducing securities lending blockchain solution

IBM and Chile's Santiago Exchange have inked a partnership to introduce blockchain technology across the country's financial sector. The agreement makes the Santiago Exchange the first stock market in Latin America to apply...

Transamerica chooses Salesforce Financial Services Cloud Einstein

Transamerica Financial Network (TFN), a North American distribution channel of Transamerica— is deploying Salesforce Financial Services Cloud Einstein.

Financial Services Compensation Scheme selects Cognizant for modernization services

The United Kingdom's Financial Services Compensation Scheme (FSCS) has selected Cognizant as its technology partner. As part of a three-year agreement, Cognizant will help simplify, modernize and secure a range of FSCS'...

Bank of America using ModoPayments digital payments hub

Bank of America Merrill Lynch and ModoPayments have inked a strategic relationship that will give the bank access to Modo's digital payments hub. Modo’s digital payments hub takes monetary value from multiple sources, and can...

Vivo Initio CRM signs up investment banking firm Navidar

Navidar, an investment banking firm with presences in Austin, Cleveland, Dallas, Denver, Indianapolis, Minneapolis and San Antonio, has selected the Vivo Initio CRM platform to manage its marketing initiatives. Vivo Initio, located in Austin,...

Mizuho Financial Group and IBM working on blockchain test project

Japanese financial services company Mizuho Financial Group and IBM are working on a pilot project to test the feasibility of using blockchains as virtual currency in the organization's settlement business. Mizuho will be exploring...

MiddleOak selects Guidewire software for Billing Management

Commercial specialty insurance company MiddleOak as selected Guidewire BillingCenter to manage the company’s billing operations. The company will be deploying BillingCenter for its commercial (habitational) lines of business, with deployment expected in the second...

Exane BNP Paribas using Corvil analytics platform

European broker dealer Exane BNP Paribas, is using the Corvil analytics platform for financial markets. Antoine Baptiste at Exane BNP Paribas said, "With the ever increasing speed and complexity requirements of...

AmFed selects eBaoTech for cloud services

AmFed National Insurance Company based in Ridgeland, Mississippi has selected eBaoTech for cloud-based policy administration processing for its Homeowners, Dwelling, and Workers Compensation (voluntary and assigned) products. AmFed will be using eBao...

China’s Fujian Rural Credit Selects IBM For Storage And Cloud Solutions

China's Fujian Rural Credit (FJRC) has selected IBM for its storage infrastructure and cloud-based financial applications. The new services include convenient service outlets, mobile service vehicles, and mobile banking. FJRC's operation is built...

Tally Secures $15M In Series A Funding

San Francisco-based financial technology startup Tally has raised a $15 million Series A round, led by Shasta Ventures.

EBay To Acquire Braintree For $800 Million

EBay has agreed to acquire online payment platform Braintree for roughly $800 million in cash. Once the acquisition is completed, Braintree will continue to operate as a separate service within PayPal, under...

Vietnam Bank of Social Policies Goes With Polaris

Polaris Software announced that Vietnam Bank of Social Policies (VBSP) has chosen Polaris’ IntellectTM Global Universal Banking M180 (GUB) to centralize its operations across the bank. Polaris will offer the bank...