Revolut Secures Its Banking License – Crowning A Decade Of Digital Banks
Forrester IT
JULY 25, 2024
Digital banks are gaining traction among consumers, globally. Learn what incumbent banks should do to compete.
Banking Up For Grab In Singapore
Forrester IT
JUNE 12, 2019
Following in Hong Kong’s footsteps, Singapore’s regulator – Monetary Authority of Singapore (MAS) – has confirmed that it is currently studying the possibility of issuing digital-only banking licenses to organizations with a “non-bank” parentage, which was first reported on May 7th, 2019 by various news outlets.
Banking 
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Singapore’s New Digital Banks Will Change The Banking Landscape Forever, Maybe
Forrester IT
DECEMBER 8, 2020
In a landmark announcement made on December 4, 2020 Singapore’s Monetary Authority (MAS) awarded banking licenses to four players, two of which will serve the retail banking market using a digital full bank license (DFB). known for […].
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What telco mobile money licenses mean for Nigeria’s financial services sector
CIO Business Intelligence
MAY 11, 2022
That may change as telecommunications companies such as Airtel and MTN jump into the mobile money market, after recently receiving licenses to do so. Nigeria’s mobile money landscape, however, has been dominated by banks and other financial services companies. Mobile money is not entirely new to Nigeria.
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Virtual banks in Hong Kong set to rekindle the retail banking experience
Forrester IT
SEPTEMBER 20, 2019
(Co-authored with Nancy Lin, Senior Associate) The Hong Kong Monetary Authority (HKMA) recently announced 8 new virtual banking licenses in the market and their operators will all launch new digital-only banks there before or in early 2020.
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Pursuing A New Future of Innovation Through Digital Banking Strategy
CIO Business Intelligence
AUGUST 28, 2022
How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6
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Pursuing A New Future of Innovation Through Digital Banking Strategy
CIO Business Intelligence
SEPTEMBER 2, 2022
How has banking evolved during the rapid digitisation of recent years? Banks are no longer the key players in the market, with fintech companies, digital-first start-ups, and tech giants delivering their own brand of financial services. One example is Banking-as-a-Service, with the market expected to reach US$3.6
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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy
CIO Business Intelligence
OCTOBER 26, 2022
Digitalization is a double-edged sword for banks, especially when it comes to security. As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy.
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EXL Code Harbor streamlines platform migration, data governance, and workflow assessment
CIO Business Intelligence
FEBRUARY 18, 2025
It further avoids IP infringement by training AI models that are trained on coding data with permissive licenses. Banks see faster migrations Enterprises in the financial services industry are already reaping the benefits. A top UK bank worked with EXL to move its extract, transform, load codebase from SAS to Python.
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Merck Life Sciences banks on RPA to streamline regulatory compliance
CIO Business Intelligence
JUNE 5, 2023
The pharmaceutical industry is a highly regulated one, especially for multinationals doing business across the globe.
Banking 245
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Moonstone Bank, the Washington state bank with ties to FTX, will wind down crypto operations
GeekWire
JANUARY 21, 2023
(Bigstock Image) Moonstone Bank , the digital lender with ties to FTX, announced this week it will wind down plans to offer banking services for industries such as crypto and cannabis. It was acquired in 2020 by FBH Corporation, owned by Jean Chalopin, also the chairman of Bahamas-based Deltec Bank. Its net worth was $5.7
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How Birmingham’s $48M Oracle ERP project turned into an epic failure
CIO Business Intelligence
FEBRUARY 21, 2025
Licensing and customization fees added further strain to the budget. A particular point of concern centers on the custom Bank Reconciliation System (BRS). While third-party expertise was essential, it also weakened internal control over the projects financial and operational outcomes.
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SASE Reality Check: Security and SD-WAN Integration Journey
CIO Business Intelligence
NOVEMBER 1, 2022
The EdgeConnect SD-WAN is an all-in-one WAN edge branch platform and includes a Foundation license that is simpler to deploy and support for enterprises with lean IT teams and can replace existing branch routers and firewalls with a combination of SD-WAN, routing, multi-cloud on-ramps, and advanced security.
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Senators ask regulators to investigate bank and crypto ties, citing Washington state bank
GeekWire
DECEMBER 10, 2022
bank regulators to investigate the ties between the banking industry and cryptocurrency firms including Farmington, Wash.-based based Moonstone Bank. They also note that Jean Chalopin, who is the head of Moonstone’s parent company FBH, is also the chair of Bahamas-based Deltec Bank. Elizabeth Warren (D-Mass.)
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Cloud, SaaS boost Oracle sales, but competition exacts costs
CIO Business Intelligence
MARCH 11, 2022
In the financial services sector, Oracle signed TD Bank, Silicon Valley Bank, Societe Generale in France, and the company expects to close a deal with BNP Paribas soon, Ellison said, according to a transcript from Seeking Alpha. While overall revenue including services and license support rose 4% year over year to reach $10.5
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Will enterprises soon keep their best gen AI use cases under wraps?
CIO Business Intelligence
APRIL 17, 2024
“Suddenly, you can create engaging customer-facing videos at the click of a button,” says Oliver Banks, retail consultant and author of Driving Retail Transformation: How to navigate disruption and change. The new ads were created very quickly,” says Banks. So far, Castillo has been publishing her work with open-source licenses.
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Technology News and Hot Topics
CTOvision
DECEMBER 4, 2014
Facial recognition software that can identify suspects, databases that can be tapped to track suspects’ movements and locations, automatic license plate … Read more on Los Angeles Times. Rush-hour traffic forces banks to embrace technology. Royal Bank of Scotland Fined Million Over Technology Failure.
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Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure
GeekWire
NOVEMBER 29, 2022
A bank in rural Washington state sought to distance itself from FTX on Tuesday following a report last week detailing its connections to the failed cryptocurrency exchange. 23 that FBH, the parent company of Farmington State Bank, received $11.5 Moonstone Bank’s reputation as well.” Moonstone Bank’s reputation as well.”
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Inside Nasdaq’s AI-fueled pivot to SaaS provider
CIO Business Intelligence
SEPTEMBER 14, 2023
billion in 2022, derives roughly 30% of its business from its markets, trading, and exchange business — and about 40% from software sales and licensing. It has also made significant acquisitions, notably of Newfoundland-based Verafin, whose AI-based financial crime management solution supports 2,400 banking customers globally.
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Balancing innovation with value, cost, and practicality: The CIO’s guide to future proofing technology investments
CIO Business Intelligence
JULY 2, 2024
Master the quartet: Balancing innovation, value, cost, and practicality A leading bank embarked on a cloud transformation journey in 2021, focusing on innovation by shifting critical operations to the cloud to enable AI-driven services. To manage costs, the bank selected a hybrid cloud model, optimizing expenses and data control.
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Microsoft's Docs.com is sharing dangerously sensitive personal files and information
Network World
MARCH 27, 2017
PCWorld found social security numbers, health insurance ID numbers, bank records, job applications, personal contact details, legal correspondence, and drivers license numbers with just a few minutes of searching. That means anyone can search Docs.com for sensitive personal information that wasn’t manually set private.
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Dreamforce 2024: Latest news and insights
CIO Business Intelligence
SEPTEMBER 11, 2024
28, Morgan Stanley Analyst Keith Weiss noted that with Salesforce promising big productivity gains from AI agents investors are worried that Salesforce customers will need to license fewer seats. They want to make sure it’s the best model that’s compliant, fits their security standards, and doesn’t break the bank.”
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Goldman Sachs releases new font you’re not allowed to criticize Goldman Sachs with
The Verge
JUNE 25, 2020
Investment bank Goldman Sachs has released its very own typeface: an inoffensive set of sans-serif fonts dubbed Goldman Sans. As their license states , you’re free to use Goldman Sans for just about anything you like so long as you don’t use it to criticize Goldman Sachs. Here are the relevant passages from the license: C.c.
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The AI cat and mouse game has begun
CIO Business Intelligence
APRIL 29, 2024
The incident involved scammers who, using publicly available videos and audio from YouTube of targeted senior executives, created deepfake representations to deceive a finance employee into executing multiple transactions to bank accounts in Hong Kong, resulting in significant financial damage to the company.
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Peer-to-peer banking - Trends in the Living Networks
Trends in the Living Networks
FEBRUARY 13, 2006
The principle is simple – you lend to individuals at interest rates based on their credit rating, and since you’re cutting out the bank as middleman, both lender and depositer get more attractive interest rates than they can get commercially. Banks are the archetypical intermediary, in this case between depositers and lenders.
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What is data science? Transforming data into value
CIO Business Intelligence
APRIL 22, 2022
Examples include credit card fraud monitoring solutions used by banks, or tools used to optimize the placement of wind turbines in wind farms. TensorFlow: Developed by Google and licensed under Apache License 2.0, Incrementally, presentations that communicate what the team is up to are also important deliverables.
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Marc Andreessen on the future of technology and the nature of government services
CTOvision
MAY 26, 2014
Consider the many services that states are already moving online, like driver licenses and car registration. Many young people today interact with their financial services in ways that will never require them to visit a bank. By 2030 we should expect to have virtual adjudication in many cases. This is just one domain.
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IBM on the state of network security: Abysmal
Network World
MARCH 29, 2017
The most popular types of malcode we observed in 2016 were Android malware, banking Trojans, ransomware offerings and DDoS-as-a-service vendors. Since DDoS tools are mostly sold as a service and not as malware per se, we will focus here on banking Trojans, Android malware and ransomware.
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Want to Unlock China’s Potential? You First Have to Scale the Regulatory Great Wall
CIO Business Intelligence
APRIL 8, 2022
Failure to comply despite your best efforts may spell fines of up to 50 million yuan (approximately US$8 million), with the possibility of suspension, revocation of business licenses, and even jail time. 1 The World Bank, “The World Bank in China”, [link]. A guide is key to navigate China’s regulatory landscape.
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Paul G. Allen Family Foundation giving $1.4M in COVID-19 relief aimed at underserved communities
GeekWire
JANUARY 25, 2021
WA Food Fund , a statewide initiative launched to support food banks across the state to meet the high demand for food assistance as a result of the pandemic. The data from the online survey will help inform public agencies and food banks about the needs of people experiencing economic and food insecurity. Pride Foundation ?
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ICE just signed a contract with facial recognition company Clearview AI
The Verge
AUGUST 14, 2020
The purchase order for $224,000 describes “clearview licenses” and lists “ICE mission support dallas” as the contracting office. As first reported by BuzzFeed News , thousands of companies, including the NBA, Bank of America, Macy’s, and Walmart, were discovered to be using Clearview’s technology.
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The HP-Autonomy lawsuit: Timeline of an M&A disaster
CIO Business Intelligence
MARCH 19, 2024
Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue. Its Agentware internet search tools are used by enterprises including Barclays Bank and Unilever and sold as shrink-wrapped software through retail outlets.
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IBM is using VMware Cloud Foundation to help enterprises address challenges and accelerate innovation
CIO Business Intelligence
JUNE 20, 2024
VMware Cloud Foundation is a refreshed strategy that offers IBM and VMware clients the ability to bring multiple offerings and licenses to IBM Cloud. This will aim to make it more seamless for clients looking to transform their workloads, while addressing their security and compliance requirements.”
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Chappelle’s Show returns to Netflix now that Dave got paid
The Verge
FEBRUARY 12, 2021
Photo By: Will Heath/NBC/NBCU Photo Bank via Getty Images. Netflix began airing Chappelle’s Show on November 1st but pulled it on November 24th after the comedian complained that Comedy Central’s owner ViacomCBS licensed the show without his approval. “I Dave Chappelle reclaims his namesake. And I got my name back.
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Hortonworks Named a Leader in Big Data Hadoop Distributions Report
CTOvision
JANUARY 25, 2016
For example, Hortonworks acquired XA Secure, a company with a commercially licensed security solution, and contributed the code to Apache as Apache Ranger. IBM is Developing an Open-Source Blockchain with Tech and Banking Giants (cryptocoinsnews.com). How Hortonworks Unlocks Choices for Enterprise Data and Analytics (hortonworks.com).
Big Data 150
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Lawsuit claims IBM falsely used mainframe sales to boost AI, cloud businesses
CIO Business Intelligence
JANUARY 18, 2023
Essentially, it’s alleged that IBM promoted its less popular cloud, analytics, mobile, social, and security products (CAMSS) products as “growth opportunities,” allowing investors to think they were much in demand when, in fact, they were being tacked onto three- to five-year mainframe Enterprise License Agreements (ELA) that were popular with large (..)
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Sourced Group an Amdocs Company, empowers the growth of BaaS for Standard Chartered nexus
CIO Business Intelligence
DECEMBER 6, 2022
Banking as a Service (BaaS) is revolutionising the finance sector. It leverages the expertise and experience of trusted banks, such as Standard Chartered, so they can offer a wider range of services to existing and new customers. SC nexus was planning to make that migration by 2025.
Groups 147
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X partners with Visa: Soon you’ll send money like a tweet
Dataconomy
JANUARY 30, 2025
An option to transfer funds to traditional bank accounts will also be available. There is an] option to instantly transfer funds to your bank account. His interest in such an all-in-one service initiated in the late 1990s with the establishment of X.com, an online banking startup that eventually merged into what became PayPal.
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Re-Tooling Your Way to a More Efficient Enterprise
CIO Business Intelligence
SEPTEMBER 30, 2022
This way the company only pays for software licenses that run the storage solution off the decommissioned hosts. Taking an honest look at what you have and re-tooling systems is a surefire way for businesses to continue driving innovation without breaking the bank. Learn more about HPE PointNext Tech Care here. __.
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Vouched raises $3M as pandemic drives demand for its ID verification tech
GeekWire
DECEMBER 10, 2020
Its software analyzes images of photo identity documents including passports and driver’s licenses. Vouched has more than 80 customers in banking, healthcare, and other industries. Vouched uses artificial intelligence to help companies verify the identity of their customers, clients and contractors.
Healthcare 134
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20 powerful women shaping the networking industry
Network World
MARCH 25, 2025
Her resume includes stints at Deloitte Consulting, USB Investment Bank, Red Hat, Oracle, GE Digital, and Microsoft. Fun fact: She is a licensed English-as-a-Second Language teacher. Johnson was named president and CEO of Lumen (formerly CenturyLink) in 2022.Saddled It was quite a juggle.
Network 351
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The digital transformation of an island nation: how Bahrain rose to lead cloud adoption in the GCC Region
CIO Business Intelligence
SEPTEMBER 11, 2023
This year, Singapore-based Whampoa Group also selected Bahrain as the HQ location for its new digital bank.
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Washington state launches center to cater to — and potentially regulate — crypto and fintech companies
GeekWire
MAY 24, 2021
Facing explosive growth in NFTs and cryptocurrencies coupled with vague regulations for the wave of new financial technology and investment startups in Washington, the state recently announced a new Center for FinTech Information to warehouse in one place licensing guidelines and regulations. “It needs to get significantly easier.”
Company 122
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McDermott data innovations fuel business transformation
CIO Business Intelligence
MAY 23, 2022
Although McDermott’s shift to the cloud is nearly complete, the company banks on a hybrid “cloud first but not cloud forced” philosophy, Dave says. These products, now available commercially, provide another example of productized IT becoming a revenue generator.
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