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Lloyds in £1.3bn tech outsourcing deal with IBM

Lloyds tech gallops offshore UK-based banking group Lloyds is to outsource its tech to IBM in a seven-year deal worth £1.3 billion, according to FT. More than 1,900 jobs will be shifted to IBM and £760...

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IBM Cloud comes to China

Wanda Plaza, Beijing Wanda Internet Technology and IBM have signed an agreement for the former to enter the public cloud business in China. This will be done via a new firm – Wanda Cloud Company –...

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Philippines’ UnionBank picks IBM Cloud for app overhaul

UnionBank of the Philippines (UnionBank) has selected IBM Cloud to build, deploy, run and manage new apps for its digital customer base. Through the IBM Bluemix cloud platform and IBM API Connect,...

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Fintech boosted by IBM’s quantum computing leap

IBM Q Fintech innovation could be getting a push as IBM has built and tested its most powerful universal quantum computing processors. IBM says this development opens up a range of possibilities within...

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Finastra heads to IBM cloud for digital banking

Fintech titan Finastra is turning to IBM to power its banking operations with cloud and cognitive technologies. As reported yesterday (14 June), Misys and DH Corporation (D+H) joined forces to create...

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No silver lining for IBM cloud revenues

Despite a big push in its cloud-coated ambitions, IBM has revealed a drop in revenues for its technology services and cloud platforms. For its Q2 2017 results, revenues for this largest part of its...

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TradeIt teams with IBM Cloud for Financial Services

TradeIt and IBM Cloud for Financial Services have teamed up to help developers add universal brokerage functionality to financial apps, platforms, and websites, reports David Penn at Finovate. TradeIt...

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Red Hat to be acquired by IBM in “game changing” $34bn deal

Ginni Rometty, IBM: the acquisition of Red Hat “changes everything about the cloud market” IBM has reached a definitive agreement with Red Hat to acquire it for approximately $34 billion ($190 per...

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BNP Paribas and IBM show cloud commitment

The year is young but BNP Paribas and IBM will grow old together as they are extending their fintech partnership for eight years. Extending its partnership with IBM for eight years This alliance...

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CaixaBank extends IBM partnership to underpin new CloudNow service

CaixaBank has signed an extended partnership agreement with IBM to underpin its new CloudNow project. Caixa and IBM have a decades-long partnership The Spanish bank is aiming to improve its core...

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