BANKING & ENTERPRISE TECH

BANKING & ENTERPRISE TECH

Blockchain inadvertently fuelling cloud adoption

hilst just about every other industry has made the transition, banks have been one of the last to adopt cloud technology. Read more: www.finextra.com

Spend management software Ivalue nabs $70m for KKR

Spend management software company Ivalua has secured $70m in a growth equity investment from KKR. Read more: www.fintechroundup.com

88% of global banks sweat over losing revenue to FinTech

A new report from PwC has found that a large majority of financial services intend to team up with FinTech companies in the next three to five years. Read more: www.cryptocoinsnews.com

The CDO of Deutsche Bank explains FinTech strategy

Deutsche Bank, Germany's biggest bank, is spending €750 million for its digitisation by 2020. Read more: uk.businessinsider.com

Autobooks snaps up $5.5m for SME accounting platform

SME accounting and payments software provider Autobooks has picked up $5.5m in a Series A venture round led by Draper Triangle Ventures. Read more: www.fintechroundup.com

Khushhali Bank revamp with Temenos and NDC

Khushhali Microfinance Bank is to overhaul its technology with Temenos’ T24 core banking system and Temenos Connect. Read more: www.bankingtech.com

Resolute Ventures backs AI expense auditing, compliance startup AppZen

Resolute Ventures has helped AI-centric automated expense report auditing and compliance startup AppZen to a $2.9m funding round.

New treasury software deal for Infosys Finacle in India

Federal Bank is to overhaul its treasury operations with Infosys’ Finacle banking system. Read more: www.bankingtech.com

OpenFin takes $15m from Wall Street firms

New York-based startup OpenFin has landed $15m in its Series B round from a host of Wall Street firms and their venture arms. Read more: www.fintechroundup.com

What Silicon Valley expects from banks

Financial Innovation Now, a lobbying group that brings together five of the largest technology companies, has been slowly weighing in on issues that affect the banking industry. Read more: www.americanbanker.com

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