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Amazon to use banking software to increase transaction times

It was recently announced that Amazon Web Services has recently adopted a banking software in order to increase the transaction times. Indeed, the tech giant has partnered with Temenos with the aim to process 100,000 transactions a second, the fastest ever. To do so, it will be using the online…

Banking institutions to use more IT automation

Following an IT outage that affected severely the Bank of America’s online banking platform in early October, the banking sector is looking to automate more of its services to future-proof their businesses. Indeed, investing in automation will help organizations prevent outages, identify the reasons for outages quicker, and get the systems…

Brazilian consumers don’t feel confident sharing their data under Open Banking

A recent study by NPS Prism revealed that most Brazilians do not feel confident about sharing their banking data under Open Banking. Indeed, Open Banking allows third-party financial services firms to access consumer banking, transactional and other data through application programming interfaces (APIs). However, it was found out that 59%…

Coconut Software receives $1.75m in debt financing from CIBC Innovation Banking

Coconut Software, a Saskatoon-based enterprise scheduling solution, has received $1.75m (£1.3m) in debt financing from CIBC Innovation Banking, according to a press release. Coconut Software said it will use the funds to supports its strategic plan and to invest in its expansion. Founded in 2007 by CEO Katherin Regnier, Coconut…
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Metro Bank launches developer portal for open banking

Metro Bank launches its developer portal, opening up the bank’s platform to FCA-registered third-parties wishing to build services on top of its APIs and helping to create more choice and opportunities for consumers

Metro Bank