Companies & Products

RenovITe acquires UK consulting firm Q-ATM

RenovITe Technologies, a California-based payments solutions provider that specialises in the “refreshment” of  legacy platforms to enable them to more effectively compete with new fintech players, has acquired a UK-based payments consulting company, Q-ATM. Jim Tomaney, formerly Managing Director at Q-ATM, will join the RenovITe executive team as chief operating officer. Tomaney’... »

Ex-Barclays CEO Jenkins Bags $46 Million for His Fintech Startup

Now Jenkins has the opportunity to practice what he preaches. Today his fintech startup, 10X Future Technologies Ltd., announced it has raised 34 million pounds ($46 million) in a Series A round led by Ping An Insurance (Group) Company of China Ltd., a financial services firm in Shenzhen, and Oliver Wyman, a consulting firm owned »

Equifax Falls After Signs It Was Slow to Fix Flaw Hackers Used

Equifax Falls After Signs It Was Slow to Fix Flaw Hackers Used

The disclosure suggests that Equifax may have been slow to take basic steps to secure its most sensitive data, and will likely add to calls for stronger oversight of an industry whose information in the hands of criminals can enable the worst kinds of identity theft and fraud. The company faces a Federal Trade Commission »

TestPlant launches new automation suite

London-based test automation vendor, TestPlant, has launched a new platform that it says will predict, verify and monitor an application before and after each release, and rate it on key criteria of user satisfaction, its success in conversion – or the change in functionality from the legacy app – adoption and retention. Research commissioned by »

Perfecto appoints investor Jim Moran, to executive chairman role

Perfecto said Moran’s focus will be to accelerate the company’s growth in quality assurance services. Moran was previously the managing director at North Bridge Venture, a venture capital firm, and Growth Equity Partners, an independent private equity company which invests in growing UK SMEs. Moran supervised investments in early-stage companies, including Paydiant, the cloud-based financial »

SQS results for H1 hit by banking client loss

SQS results for H1 hit by banking client loss

SQS, the Cologne and London-listed software testing service provider, revealed on September 13 that the loss of a major banking client had contributed to the a decrease in revenues for the first half of 2017. The lost contract was worth €7.0m, SQS said, leading to a like-for-like revenue decrease of 3.9% to €160.1m, compared to »

Caribbean-based insurance providers, Advantage, choose Graphite GTC platform for software improvement

The Graphite GTC platform serves business owners in risk management and financial planning and says its tools and technology enable the development of large-scale software projects and applications. Advantage said it will use the no-code development platform to build business processes related to insurance and data management. It said the GTC platform will develop more »

Luxoft acquires derivIT,  Singapore-based IT consultancy and Murex partner

DerivIT has been a partner of Murex, the leading trading and risk systems provider, since 2008, and provides installation and testing services to Murex customers in the APAC region. Group managing director and global head of Excelian, Luxoft’s financial services division, Roman Trakhtenberg, said: “We are excited to join forces with derivIT and continue to »

IBM to Invest $240 Million to Develop AI Research Lab With MIT

The MIT-IBM Watson AI Lab will fund projects in four broad areas, including creating better hardware to handle complex computations and figuring out applications of AI in specific industries, the Armonk, New York-based company said Thursday in a statement. While IBM has always conducted long-term research internally, it decided AI was such a vast field »

HCL expands its European presence with new headquarters in Sweden

HCL Technologies, the multinational IT services company, opened a delivery centre in Gothenburg, Sweden, employing more than 150 people. The centre will become HCL’s global headquarters for global delivery network and act as a base for its mainframe and automotive services. Senior Vice President and Head of Nordics at HCL, Pankaj Tagra, said:  “The Nordics »

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