banking

Financial industry adopts cloud solutions

The financial services sector (FSS) has reached a tipping point, according to an ITPro article on technology within the financial industry. “We have reached the point where banks, in particular, must consider and position themselves not just as financial entities, but as lifestyle brands too,” shared Bharat Bhushan, IBM CTO, Banking and Financial Services. The […]

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Introducing IBM Cloud Private Experiences: Find your path to AI

Artificial intelligence (AI) is no longer the next big thing. It’s a present reality of IT, and it’s only becoming more important. In a recent study by MIT Sloan Management Review, 91 percent of business leaders said they expected AI to deliver new business growth by 2023. The study also showed that firms that had […]

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UK software firm chooses IBM Cloud for cloud-native banking platform

Thought Machine, a software developer based in the United Kingdom, has teamed with IBM to accelerate its new cloud-native banking platform. The platform, called Vault, “allows banks to fully realize the benefits of IBM Cloud and has been developed to be highly flexible, giving banks the ability to quickly add new products, accommodate shifts in […]

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3 ways cloud is transforming the banking industry

Banking firms have many of the same IT challenges of any other industry: infrastructure scalabity requirements, the need for application modernization and a pressure to use data to build better customer experiences. At the same time, banking firms also face some of the most stringent security and compliance standards of any industry. Cloud technology can […]

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3 ways IBM MQ helps with daily life

Imagine a world without functioning online bookings for air travel, without trustworthy online shopping inventory controls or without reliable online bank transactions. If your company uses IBM MQ, you probably know firsthand that the average person doesn’t think about MQ very often. Unless it stops working. Then, it’s the top priority. This is something our […]

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IBM and Intellect Design Arena aim to transform large banks with cloud

A new set of solutions from IBM and Intellect Design Arena will bring APIs, machine learning, predictive analytics and more cloud capabilities to automate and customize corporate banking. IBM will work with Intellect Global Transaction Banking (iGTB), a subdivision of Intellect Design Arena, to “jointly develop applications, cloud services and infrastructure for financial institutions (FIs), […]

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Mobile payment cloud provider powers some of North America’s largest banks

We live in an idea economy. The ability to take an idea and deliver it to market and drive value faster than the competition is key to success across industries. But in financial services, many organizations have legacy infrastructure, which often means that when they implement a new technology or user experience, by the time […]

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Australian digital-only bank improves the customer home loan experience

In the world of digital banking, bigger isn’t always necessarily better. Australian digital-only bank UBank is aiming to disrupt the banking industry to deliver a simpler, better, smarter customer experience. Founded in 2008, UBank has been consistently pushing the boundaries of traditional banking, including introducing the first online home loan application in Australia. Today, the […]

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Mizuho Bank builds connections with cloud APIs

One of Japan’s largest banks is embracing application programming interfaces (APIs) to connect with customers and partners, and it’s doing it on IBM Cloud. Mizuho’s Bank’s new API banking initiative will run on the IBM Japan FinTech API solution and IBM API Connect on the IBM Cloud and IBM DataPower Gateway. The goal of the […]

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Westpac Bank rolls out first stages of move to cloud

Westpac, a bank based in Sydney, has moved two core banking processes to the cloud since the end of March, and leaders are planning to move 20 more by early 2018, The Australian Financial Review reported. The bank’s move to platform as a service on IBM hybrid cloud is a big shift, but Westpac Chief […]

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Philippines-based UnionBank chooses IBM Cloud to develop new apps

UnionBank, a technology-savvy bank based in the Philippines, announced this week that it will use the IBM Bluemix platform to develop new customer-facing apps. The bank is looking to provide customers with a richer menu of services by embracing APIs, and it will use IBM API Connect to make that happen. The IBM Cloud-based service […]

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Paygilant prevents mobile payment fraud with IBM Cloud technology

People around the world do almost everything with their mobile devices. Paying for purchases with them is just another use case that makes sense. According to Grand View Research, Inc., the global mobile wallet market is expected to reach $7,581.91 billion by 2024. That’s why the issuers — banks, financial markets, communications service providers and […]

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