Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, announced that Standard Bank’s short-term insurance business in South Africa has selected TCS BaNCS™ Cloud for Insurance to power its digital claims transformation and reaffirm its leadership in the region. TCS BaNCS Cloud for Insurance will be offered on a SaaS model…
Cloud adoption—including hybrid and multi-cloud adoption—is expanding fast among both private and public sector organisations of all sizes. At the enterprise level, consulting firm BCG estimates that two-thirds of companies globally already use multiple clouds. It predicts that by 2025, up to 60 percent of consumer-facing applications, almost 40 percent of data warehouse and analytics…
The Mauritius Commercial Bank Ltd (MCB) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant growth in its Commodity Trade Finance (CTF) business. TRAC is a Trade Risk and Collateral Management system supporting Structured Trade Commodity Finance. The TRAC solution handles not only Transactional Commodity Finance but Borrowing Base…
Nutanix, a player in private cloud, hybrid and multicloud computing, has announced that Nedbank, one of Africa’s largest financial institutions, is leveraging the Nutanix cloud platform to improve and facilitate the rapid delivery of its virtual desktop infrastructure (VDI) during the COVID-19 pandemic, enabling employees to work from home. To ensure that the banking industry…
HSBC has become the first financial institution to move software firm R3’s blockchain platform Corda Enterprise on to Google Cloud. The move will cut client onboarding times from months to weeks, improving the client experience and significantly reducing costs. The bank currently uses R3’s Corda technology for Digital Vault, HSBC’s custody blockchain platform. …
Temenos, the banking software company, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, have announced that Temenos Transact, its next generation core banking product is now certified on Alibaba Cloud. Financial institutions will be able to run Temenos’ mission-critical core banking applications on Alibaba Cloud and benefit from elastic scalability, cost…
Standard Bank South Africa is moving its core SAP Cloud Platform services to Microsoft Azure to significantly improve the experience customers have with the bank, while enabling it to introduce new solutions to market more efficiently. This accelerates the digital transformation of SAP customers to S/4HANA by partnering with Microsoft and using jointly developed reference…
Actifio, the pioneer of multi-cloud copy data management software, has been chosen to provide comprehensive data backup and application development support for KCB Group, East Africa’s largest commercial bank. The bank has placed the Actifio platform at the center of its DevOps and data management initiatives to assure stability and continuing business growth. KCB Group…
Temenos, the banking software company, has announced that Barko Financial Services has selected Temenos software to replace its legacy systems, in both core and front office, to offer a compelling and personalized customer experience. The microfinance institution will use cloud-native, cloud-agnostic Temenos T24 Transact, the next generation in core banking, and Temenos Infinity, the breakthrough…
Infobip, a global cloud communications company for businesses and leader in omnichannel engagement is enhancing its presence in Kenya by partnering with banks and businesses. Housing Finance Group, an integrated property and financial solutions provider in Kenya believes tailored dialogue is key in building long term relationships with their customers. ”It is imperative to listen…
