Companies & Products

ING to consolidate payments platforms

ING bank card

ING will be combining its payments systems applications onto one platform. Currently, the bank is running three different versions of the BASE24 (B24) payments application on HP Nonstop servers. B24 is an application for payments that was first developed by ACI Worldwide, a provider of electronic banking solutions, in the seventies. ING will consolidate its »

How OakNorth Bank became the first bank in the UK to move to the cloud and why they did it

Much of the banking headlines over the last few years have been dominated by news of customers being unable to access their accounts online, make transfers or withdraw cash, and one of the sources of these issues has been the legacy IT the banks are burdened with. In addition to wanting to avoid these time-consuming »

Special Preview: The QA Financial Forum New York, November 29th

Capital One's Adam Auerbach

When Capital One’s co-founder and CEO Richard Fairbank launched his digital banking strategy in earnest with a $9.9 billion acquisitions of ING’s online banking business in the US back in 2009, he noted that the US had more bank branches that gas stations. While he could see the need for gas stations, he couldn’t see »

Amazon Teams With VMware for Hybrid Cloud to Rival Microsoft

VMware will deliver, sell and support a product that lets customers use their existing VMware software with access to Amazon’s cloud-based storage, database and analytic software, the companies said Thursday in a statement. Hybrid solutions allow customers to run applications on their own servers and through various remote cloud-based applications simultaneously. Called VMware Cloud on AWS, »

Accenture and Applause announce strategic partnership

Applause vice president of marketing.

Consulting firm Accenture has cemented its strategic partnership with the US crowdsourced testing provider Applause with an acquisition of a minority stake in the company. Though no financial details of the deal with Accenture were made public, Applause raised $35 million in its latest round of funding, a part of which came from Accenture’s investment. »

Infosys Cuts Sales Forecast Again as Clients Trim Spending

Sales in U.S. dollar terms will rise 7.5 percent to 8.5 percent in the 12 months ending March, the Bangalore-based company said Friday. That compares with a July forecast by Asia’s second-most valuable exporter of software services for growth of more than 10 percent. The company also posted second-quarter net income of 36.1 billion rupees »

Tata Consultancy Beats Estimates on New Contracts, Services

Tata Consultancy Services Ltd. posted quarterly profit that beat analyst estimates on new contracts and a push into cloud computing and digital services that is helping weather lackluster global IT spending. Net income rose to 65.9 billion rupees ($985 million) in the three months ended September, the Mumbai-based company said Thursday. That compares with the »

This Bank-Beating Trading Powerhouse Doesn’t Use Human Traders

But in a world where the difference between profit and loss can be tiny fractions of a second, XTX says it relies more on smarts than speed. Instead of building microwave networks to ferret out prices a microsecond before anyone else, XTX uses mathematical models that are tuned with massive data sets. It says its technology »

Wells Fargo Forms Tech-Payments Group, Promotes Two Managers

Wells Fargo Forms Tech-Payments Group, Promotes Two Managers

As head of the Payments, Virtual Solutions and Innovation unit, Modjtabai will report to Chief Operating Officer Tim Sloan, according to a statement Monday from the San Francisco-based bank that also disclosed two promotions and other management changes. The new business brings together seven leaders responsible for operations including technology innovation, consumer cards, deposit products »

Cigniti releases test platform with predictive analytics

Cigniti, a test service provider publically listed on the Mumbai and National Stock exchanges with headquarters in Hyderabad, has released BlueSwan, which it describes as “a next-generation testing platform”. BlueSwan is not sold independently, but is offered as part of Cigniti’s testing service offering. It is the next step in the development of the Cigniti’s »

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