Banking technology major Temenos has announced that Kingdom Bank, a specialized United Kingdom-based lender catering to churches, charities, and individuals, has successfully gone live on its Software-as-a-Service (SaaS) platform running on Microsoft Azure. The major technological transition represents a significant milestone for the niche financial institution as it looks to upgrade its digital infrastructure, phase […]
Artificial intelligence is a fundamentally transformational technology that is well worth heavy corporate investment, but capital markets must exercise caution and selectivity when funding the massive data center infrastructure underpinning the boom, according to the head of one of the world’s largest financial institutions. Speaking in an interview with CNBC’s Dan Murphy, HSBC Chief Executive […]
The London Stock Exchange Group (LSEG) has agreed to acquire credit data firm Octus for US$3.535 billion in cash, marking a major strategic expansion into the booming private credit market. The transaction is designed to fortify LSEG’s fixed income business by bridging a critical gap, adding comprehensive private, illiquid, and distressed credit data to a […]