Business Cloud News

IBM signs cloud development agreement with ANZ bank

Financial services companies are warming to cloud services

ANZ has signed a five-year, A$450 million (£208 million) strategic agreement with IBM, the centrepiece of which is the establishment of a cloud-based Innovation Lab based on IBM’s Bluemix cloud development platform-as-a-service, reports Banking Technology.

Infosys takes financial suite of Verizon Cloud

Infosys is deploying its core and digital banking suite on Verizon's cloud

Infosys and Verizon announced a deal this week that will see the Indian outsourcing specialist offer its financial suite of software services on Verizon’s cloud platform in the US. The move is part of a broader effort to update its strategy for the times and go all in on cloud.

Cloud banking: lit from within

Financial services companies are warming to cloud services

In a world where, as John Schlesinger, chief enterprise architect at Temenos, argues, servers are about to stop getting cheaper, the advantages of cloud computing in terms of cost and customer experience look more compelling than ever. In the banking market, however, the spread of cloud systems has been slower than elsewhere due to factors including concern about data security, uncertainty about the position regulators will take on cloud technologies and the challenge of managing migration from the in-house, legacy IT systems that currently run banks’ critical functions.

Deutsche Bank signs 10-year modernisation deal with HP

Deutsche Bank HQ

Deutsche Bank and Hewlett-Packard have announced a 10-year, multi-billion dollar agreement that will see parts of the bank’s global IT systems rationalised and migrated to HP platforms.

Cloud and economics means third party app providers will flourish, says HP Enterprise Services VP

According to Conaway, nearly every employee of Brent Council has a smartphone or tablet

Yorkshire Building Society (YBS) this week announced a shared services alliance that will see the building society’s core mortgage and savings application shift to the cloud, a move which HP Enterprise Services’ vice president of the financial services industry Jeremy Suddards said will become increasingly popular in the financial services sector moving forward.