Companies & Products

Google’s AI Brainiacs Achieve Speech-Generation Breakthrough

Google’s DeepMind unit, which is working to develop super-intelligent computers, has created a system for machine-generated speech that it says outperforms existing technology by 50 percent. U.K.-based DeepMind, which Google acquired for about 400 million pounds ($533 million) in 2014, developed an artificial intelligence called WaveNet that can mimic human speech by learning how to »

Misys moves to platform-as-a-service strategy

Trading and risk systems vendor Misys has announced a Platform-as-a-Service (PaaS) strategy, which will see the company open up a new service platform called FusionFabric.cloud. This will open up Misys’s core systems to third parties to drive innovation and collaboration across financial services, the firm says. “FusionFabric.cloud is the future of financial services software,” said Robin Cr... »

Survey confirms banks’ growing confidence in the public cloud

Survey confirms banks’ growing confidence in the public cloud

Financial firms are ahead of other industry verticals in their adoption of the public cloud, according to Capgemini’s annual World Quality Report. The consulting firm found the 18% of financial firms cloud-based applications are now in the public cloud, ahead of the 17.5% average across industries. However, the  survey also found firms are being increasingly »

Israel Says Foreign Tech Workers Won’t Dilute Jewish Majority

Israel Says Foreign Tech Workers Won’t Dilute Jewish Majority

Israel can admit highly-skilled foreign workers to address a labor shortage in the tech industry without diluting its Jewish majority, said Shai Babad, Director General of the country’s Finance Ministry. The government is looking to ease restrictions on some foreign professionals as it prepares to slash corporate taxes for large tech companies that register intellectual »

Nordic Capital looking to sell Itiviti for $500 million

Scandinavian private equity firm Nordic Capital is looking to sell Stockholm-based firm Itiviti for $500 million. The Swedish company specialises in financial messaging infrastructure. Bloomberg reported that Morgan Stanley has been engaged to find a buyer. Itiviti is the result of a recent between Orc Group, a provider of trading and electronic execution software, and »

Growth will bounce back, says Infosys

(Bloomberg) — Infosys Ltd. expects growth to bounce back from last quarter’s disappointing showing but warned that the IT services industry will take a short-term hit from Britain’s decision to depart the European Union. Infosys, a barometer for the health of the $3 trillion global enterprise IT spending market, slashed its annual sales forecast in July, »

Credit unions choose Validata for continuous testing

Two Canadian credit unions, FirstOntario and Integris, will work with UK-based ALM software provider, Validata, to facilitate their transition away from legacy systems to the Temenos T24 core banking platform. The firm will provide its Software Asset Suite (SAS) Automated Lifecycle Management platform to the financial firms to drive their digital transformation. The credit unions »

Round-up: Regulatory and Company News

SWIFT criticises negligent banks in leaked email SWIFT, the interbank payments consortium, has warned banks that there have been successful cyber attacks on its members since the $81m February theft from the Bangladesh central bank. In a letter obtained by Reuters, SWIFT suggested that the attacks exploited lax security measures to send fraudulent transfer requests. »

ABN Amro embraces private cloud for testing

ABN manager takes steps towards private cloud

Mobile Labs, an Atlanta-based mobile app testing provider, has announced a deal with Dutch bank ABN Amro to provide access to deviceConnect, Mobile Labs’ private cloud solution for mobile testing. The deviceConnect service is run on a machine the size of a photocopier located inside the customer firm and connected to the customer’s private  internal »

Australian bank moves towards continuous delivery

The Australian Bendigo and Adelaide Bank has chosen TestPlant’s eggPlant tool to implement automated testing. The test automation project, which began in Q2 of this year, was conducted in cooperation with Tata Consultancy Services (TCS). The implementation enabled Bendigo and Adelaide Bank to move from manual testing to automated testing and continuous delivery. The eggPlant »

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