Companies & Products

HPE’s Whitman Struggles in Shift to Smaller Size, Cloud Pressure

Whitman on Thursday cut the company’s adjusted profit forecast for the current fiscal year, missing analysts’ estimates. At the same time, Hewlett Packard Enterprise reported sales that missed projections for the third consecutive quarter. Though citing some challenges beyond her control, Whitman said she pushed some executives too hard while the information technology provider frees… »

Big banks declare war on PayPal’s Venmo

Nineteen banks, including Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, are teaming up to start Zelle, a website and app that will let users send and request money much as Venmo does. Bank of America says it is the first to incorporate all of Zelle's capabilities—including the ability to split bills between users—into its own mobile app,… »

Cyber Security Firm’s 50 Percent Drop Fuels Takeover Talk

In a statement issued late Tuesday, the company announced a review into its assurance division, which performed below expectations, and cut its full-year profit outlook by 20 percent. NCC shares were down 20 percent at 101 pence at 2:50 p.m. in London. The company’s market capitalization, which stood at just over 1 billion pounds ($1.18… »

Banks to Test London Gold-Trading Platform in Transparency Push

Banks to Test London Gold-Trading Platform in Transparency Push

Several banks will be asked to input mock trades into the platform built by Autilla Inc. which will then feed into a new trade data repository developed by Boat Services Ltd., Autilla Chief Executive Officer Mike Greenacre said. Testing may take up to four weeks and the platform may start around late March. The two… »

Fintech Pressure Spurs Top Thai Bank to Create New Platform

The goal is faster, easier and lower-cost online banking transactions, according to Kattiya Indaravijaya, one of four presidents at the Bangkok-based company. Kasikornbank is in talks with overseas financial-technology companies to develop the payments platform, she said. The lender already has an existing, separate collaboration with Ant Financial’s Alipay, she added. “There are a lot… »

Eurobank selects Itiviti tool for FIX testing

Eurobank Equities Investment Firm SA, the brokerage arm of Athens-based Eurobank, has made a deal with Itiviti, the Stockholm-based firm that specialises in financial messaging infrastructure. The Swedish financial technology firm will be providing Eurobank with its Catalys FIX engine as well as its VeriFIX testing tool.   The Catalys engine executes FIX trading and… »

Microsoft Adds Patent Suit Protections For Cloud Customers

As more companies host their applications and services on Microsoft's Azure and other cloud providers, they are increasingly becoming the target of lawsuits from companies seeking to make money by claiming patent infringement. Microsoft, the second-biggest cloud infrastructure services vendor behind Amazon.com Inc., will help customers fight back by offering them one of its own… »

Silicon Valley Hedge Fund Takes On Wall Street With AI Trader

"Humans have bias and sensitivities, conscious and unconscious," says Hodjat, a computer scientist who helped lay the groundwork for Apple's Siri. "It's well documented we humans make mistakes. For me, it's scarier to be relying on those human-based intuitions and justifications than relying on purely what the data and statistics are telling you." Hodjat, with… »

ANZ creates role of Chief Data Officer

ANZ, Australia’s fourth largest bank, has announced it is appointing Emma Gray as the firm’s first chief data officer. She will be responsible for the bank’s data strategy, which includes how data is defined, gathered, managed, and made secure. Gray’s employment history lies outside of the financial sector. Previously, she was Chief Loyalty and Data… »

Validata Group partners with Tech Mahindra

Validata Group, a testing firm for the financial services with headquarters in Cypress, has formed a strategic alliance with India’s multinational information technology provider, Tech Mahindra. The two companies will collaborate in the area of quality assurance and testing. The partnership announcement comes on the back of Validata Group’s recent expansion into Asia. The testing… »

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