finance Archives - Cloud Computing News

Digital Operational Resilience Act: Compliance will only take banks so far

Duncan MacRae — Mon, 20 Jan 2025 12:49:31 +0000

The EU’s Digital Operational Resilience Act (DORA) regulation came into full effect on January 17, 2025, two years after its official adoption. The regulation aims to strengthen the resilience of the financial sector against various digital risks, including cyber threats and technology failures. It establishes a comprehensive framework that requires financial institutions to put in […]

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Sopra Banking Software and AWS expand work to bring banks to the cloud

Duncan MacRae — Mon, 25 Mar 2024 09:23:49 +0000

Sopra Banking Software (SBS) has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS Partners who provide software solutions that run on or integrate with AWS. The ISV program helps AWS Partners drive new business and accelerate sales cycles by directly connecting participating ISVs with the AWS […]

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Kyndryl unveils banking and financial industry services for Google Cloud customers

Duncan MacRae — Mon, 06 Nov 2023 08:26:02 +0000

Kyndryl, a technology infrastructure services provider, has unveiled new services for financial services organisations seeking to use Google Cloud to safely store and protect their confidential and sensitive data. Kyndryl’s new services are designed to enable a unified, scalable and security-rich data platform to support customers’ regulatory and compliance activities and requirements. Kyndryl developed the […]

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Google Cloud launches AI-powered anti-money laundering product

Duncan MacRae — Mon, 26 Jun 2023 16:59:28 +0000

Google Cloud has unveiled its Anti Money Laundering AI (AML AI), an artificial intelligence (AI)-powered product designed to help global financial institutions more effectively and efficiently detect money laundering. Money laundering is a complex problem with a growing global impact. The amount of money laundered each year is estimated to be 2-5% of global GDP, […]

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Bank of England warns that banks are overly reliant on cloud

Fin Strathern — Fri, 16 Jul 2021 08:18:57 +0000

The Bank of England is calling for increased powers to oversee the banking and finance sector’s switch to cloud computing. Its concerns stem from cloud adoption making systems more secretive and concentrating sensitive data in the hands of a select few tech giants like Amazon and Microsoft. The central bank has said it will need […]

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