IBM to acquire two data platforms from Software AG for $2.3bn LeapRate

December 18, 2023 BY Nick Ranga

IBM to acquire two data platforms from Software AG for $2.3bn

The transaction is contingent on customary closing conditions and regulatory approvals, with completion expected in Q2 2024. This strategic move aligns with IBM's ongoing efforts to enhance its technological capabilities and expand its footprint in the enterprise software domain. Rob Thomas, Senior Vice President, Software and Chief Commercial Officer, IBM, noted: Together with IBM's Watsonx.ai and…

November 23, 2023 BY Elizabeth Anderson

Broadcom scoops up VMware for $69bn after Chinese regulatory approval

The $69bn deal is one of the biggest in the international tech arena and became public knowledge in May 2022. This announcement triggered worldwide regulatory scrutiny, starting a lengthy back-and-forth before obtaining the go-ahead from China and the European Commission. China gave its stamp of approval on Tuesday, which effectively dotted and crossed all requirements.…

December 30, 2019 BY Valentina Kirilova

Huobi Indonesia launches a local fiat gateway

Huobi Indonesia has announced that it has launched a local fiat gateway to enable a direct fiat-to-crypto trading facility between the Indonesian Rupiah (IDR) and Tether (USDT). Indonesian investors will now be able to use the local fiat currency to trade over 250 cryptocurrencies available on Huobi Indonesia's digital asset exchange. Local customers can now…

December 23, 2019 BY Valentina Kirilova

Blockchain leaders to tackle inefficiencies in the global FX market

Fnality and Finteum have announced last week that they have joined forces to deliver interoperability between the Finteum application, built on R3’s Corda platform, and Fnality’s Utility Settlement Coin (USC) solution, based on Ethereum. LeapRate reminds that Corda Network facilitates full interoperability between applications and businesses on Corda. This allows data used on one application to be shared…

December 17, 2019 BY Valentina Kirilova

XSpot Markets teams up with TraderEvolution

CySEC regulated brokerage company XSpot Markets (EU) Ltd., has just announced that it has teamed up with innovative brokerage technology company TraderEvolution Global. The firm will deliver its multi-market trading software suite to enable access to a true multi-asset offering. XSpot Markets will be using a multi-market trading software tailored for brokers and banks and…

December 10, 2019 BY Valentina Kirilova

GCEX teams up with Gold-i for liquidity distribution

GCEX, FCA regulated digital technology solutions provider in Cryptoassets and Currencies for the institutional and professional segments, has just announced that it has joined Gold-i’s Matrix NETwork. GCEX will now be offering its crypto liquidity to Gold-i’s clients via the Gold-i Crypto Switch™ 2.0, part of the Matrix suite of products. GCEX (GC Exchange Limited)…

November 28, 2019 BY Valentina Kirilova

How will Google’s Cache product leverage banking links for unique value?

It has been nearly two weeks since Google threw its hat into the competitive ring of large tech companies trying to leverage their respective customer bases by associating in some way with the payments industry. Financial institutions control the payment arena from the consumer through the merchant sector, but banks tend to be slow in…

Microsoft announces expansion of blockchain offering on Azure Cloud

November 26, 2019 BY Valentina Kirilova

Saxo Bank Japan teams up with Torstone to enhance regulatory reporting in the cloud

Torstone Technology, a global provider of post-trade securities and derivatives processing, has just announced that investment and trading company Saxo Bank Securities Ltd. Japan has gone live with the first phase of its migration to Inferno. Saxo Bank Japan has replaced its legal ledger legacy system with Inferno to support regulatory reporting on the cloud…

November 26, 2019 BY Valentina Kirilova

EU launches €400M investment fund to enable AI and Blockchain projects

The European Commission and European Investment Fund (EIF) has launched a new investment program for the benefit of developments in Artificial Intelligence (AI) and Blockchain technology. The initial scope of the fund will be €400 million, but it could grow to €2 billion over time. The new initiative is seen as a stopgap measure to…

October 15, 2019 BY Valentina Kirilova

VivCourt extends the use of Itiviti tech, supports its global Asian derivatives business

Itiviti, a technology, and service provider to financial institutions worldwide, has announced that Vivienne Court Trading (VivCourt) has extended the use of Itiviti’s trading technology. VivCourt is an Australia-based, socially conscious investment firm, which trades across Asia and is now expanding into China, EMEA and Brazil. VivCourt has been using Itiviti's technology since 2011 for options…

Tag: technology