Bank ABC joins R3
Bahrain-based Bank ABC, MENA’s leading international banking group, has recently joined blockchain-inspired consortium headed by R3, a financial innovation firm, headquartered in New York City.
The over 80-strong consortium of the world’s biggest financial institutions is spearheading research and development of blockchain-inspired distributed ledger technologies (DLT) to build the next generation of financial services infrastructure.
DLT enables participating parties to form and maintain consensus about the existence, status and evolution of a set of shared facts on their stakeholders. These systems allow competing firms to collaborate to maintain secure, shared databases and reduce cost and execution time.
FICO has selected AWS selected as cloud provider
Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced that Fico (NYSE: FICO) has selected AWS as its cloud provider.
FICO has migrated several core applications, including myFICO.com and its flagship analytics platform, the Decision Management Suite (DMS), to AWS, and will migrate additional applications over the next three years.
“When we started to plan for our digital transformation, time to value, velocity, scalability, cost control and security were our top priorities. AWS’s experience with other companies in highly regulated industries, combined with its industry leading technology, made AWS the obvious choice for FICO,” said Jeet Kaul, VP Engineering at FICO. “Today, we’re taking a cloud-first approach to development with AWS as our cloud infrastructure provider. This will allow us to get out of the business of building data centers, so we can continue our 60-plus-year history of pioneering data and analytics software to help businesses improve the precision, consistency, and agility of their complex decisions.”
Deposit Solutions acquires Savedo
Deposit Solutions, the leading Open Banking platform for deposits and operator of investment platform ZINSPILOT, today announced that it has acquired Berlin-based platform for retail deposits SAVEDO.
With the acquisition of SAVEDO, Deposit Solutions is further expanding its B2C capabilities, adding more than 18,000 registered clients, 13 partner banks and two new regions – Austria and the Netherlands – to its existing portfolio.
Founded in 2011, Deposit Solutions offers a unique Open Banking solution for instant-access and fixed-term savings, and has established itself as an infrastructure provider for the European deposit market.
Australia’s ClearView selects Iress Prime
IRESS announced that ASX-listed wealth management, financial advice and insurance group, ClearView, has selected XPLAN Prime as its objectives-based, scaled-advice solution.
XPLAN Prime allows financial advisers to deliver objectives-based scalable advice to meet a range of client needs and save significant time, by leveraging the advice capabilities of the XPLAN platform.
IRESS Managing Director for Wealth Management, Tizzy Vigilante, said: “We are delighted to be delivering Prime for ClearView. XPLAN Prime is available and suitable for all businesses providing financial advice.”
