Latest financial services publications
Deutsche Bank and Google Cloud have signed a multi-year strategic partnership to fast-track the bank’s cloud migration in what is being heralded a landmark agreement between a major cloud provider and large financial services organisation.
US banks have already made 40 deals with fintech companies this year despite economic uncertainty surrounding COVID-19, according to a new report.
CB Insights analysed equity investments made by US banks to private fintech companies since 2010, revealing the most active US banks to be Goldman Sachs, Citigroup and JP Morgan Chase & Co.
IT spending can be difficult to justify at times when finances are tight, and even harder to justify when there’s no sign of an upturn in the foreseeable future. Organisations that find themselves fighting for survival are more likely to instinctively want to redirect money to the frontline rather than the back office.
The majority of financial services institutions are developing multi-cloud strategies, with 70 percent expecting to have live deployments by 2024, according to a new report from British software company YellowDog.
The company surveyed 200 IT business decision makers from UK and US financial services institutions with over 500 employees about their cloud strategies, finding that 98 percent are using a hybrid strategy and none to be entirely dependent on on-premise infrastructure.