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Google, IBM rush to sell banks cloud software


As the pandemic speeds digital adoption at financial institutions, the technology giants are pitching products that scan in data from mortgage documents and provide security and compliance controls used by in-house tech developers.


LendingClub reinforces its cyber defenses


The online lender has deployed new software designed to spot security risks early, especially the kind of cloud-data issues that led to the Capital One-Amazon breach.


Why more banks are ditching their legacy core vendors


Newcomers Nymbus, Neocova, Finxact and Technisys and older competitors like Temenos, Infosys and Oracle are winning over community and regional banks by offering what some bankers describe as more flexible technology at fairer prices.


Security isn't banks' only hang-up about moving to cloud


Liability for missteps by vendors, jurisdictional headaches tied to locations of servers and legacy technology are other potential impediments.


Klarna Bank picks Amazon for expanded cloud services


In a move to aid faster expansion and provide more security and regulatory compliance tools, Klarna Bank in Sweden is strengthening its longtime relationship with Amazon Web Services by making it the bank's preferred cloud provider.


Bank of America, IBM collaborating on a financial services cloud


Executives from the bank and the tech company have been working for months to create a cloud designed to address the challenges that often slow financial institutions' adoption of cloud computing.


BofA, IBM eye compliance in cloud for banks; Dimon seeks permanent liquidity fix


Service would help with compliance; JPM CEO sees more short-term lending rate spikes if no long-term solution implemented.


Cloud banking provider nCino raises $80 million


The company will use the funds to increase research and development efforts as well as expand its global presence.


PNC on M&A, API call uptick, next in GSE reform: Top stories of the week


The Pittsburgh company is not interested in bank acquisitions, CEO Demchak says; why Citi, Wells, JPMorgan are seeing a spike in API calls; FHFA's Mark Calabria details next steps on GSE reform; and more from this week's most-read stories.


Unfazed by Capital One breach, KeyBank begins migration to cloud


The bank is moving a large analytics program and a massive amount of data into Google's public cloud, which its tech chief says is more efficient, secure and better able to handle spikes in demand.