Cloud and big data boost IBM as it announces Apple partnership July 17, 2014 IBM reported higher-than-expected quarterly revenue and profits last night, as it pressed ahead with its shift to higher-end businesses such as big data, cloud computing, and security and mobile services. The business technology giant’s total revenue fell two per cent to $24.4bn (£14.3bn) in the second quarter, above analysts’ average estimate of $24.1bn. Profit rose [...]
Apple and IBM team up to create new business apps July 16, 2014 Apple and IBM are partnering up to co-develop business-centric apps for iPhones and iPads, which they intend to make available later this year. The new class of “made-for-business apps” will target specific industry issues and opportunities for clients in sectors such as retail, healthcare, banking, travel and insurance. The two companies intend to [...]
US stocks rise with tech firms poised to rally – New York Report April 20, 2015 CHINA also boosted Wall Street yesterday as shares ended sharply higher, also buoyed by investors snapping up technology stocks on cautious optimism over upcoming earnings reports. The Dow Jones industrial average rose 208.63 points, or 1.17 per cent, to end at 18,034.93. The S&P 500 gained 19.22 points, or 0.92 per cent, to 2,100.4, and [...]
Apple is going to join the Dow Jones on 18 March March 6, 2015 Apple is to jump across to the Dow Jones, becoming the fifth highest-ranked company on the index. AT&T will be the casualty, with the switch taking place on 18 March this year. Apple is the world’s largest company, but won’t top the Dow as companies are ranked by share price, not by market cap. The [...]
These are the FinTech startups being backed by Citi May 29, 2015 Four FinTech startups have won $100,000 (£65,400) backing from Citi after a search for new technology and innovation to transform banking and business. London-based Swave, an app that encourages users to monitor spending and make saving easier, trading platform Trade It, a supply chain solution created by Umati Capital and textbook subscription app Kytabu were [...]
London Technology Week: The hunt for London’s unicorn tech startups June 15, 2015 There's no doubting the impressive numbers rolling out of London Tech Week. There’s also no lack of people willing to shout about these impressive feats, whether it be entrepreneurs, investors, economists, or the mayor himself. More than a dozen of London’s tech types today gathered near the summit of the Shard to kick off London [...]
Monitise share price falls as founder Alastair Lukies exits and sale option is ditched March 25, 2015 Monitise shares tanked 17 per cent in early trading as the British tech firm took itself off the market and revealed its founder and co-chief executive is exiting. Alastair Lukies is stepping down, leaving Elizabeth Buse as sole chief executive, although he will remain as a strategic adviser. At the beginning of the year, the struggling Aim-listed [...]
Deutsche Bank’s Hewlett Packard outsourcing deal February 24, 2015 Deutsche Bank has signed a “multi-billion dollar agreement” to outsource large parts of its US banking IT infrastructure to Hewlett-Packard (HP). The 10 year deal, which mainly covers Deutsche Bank’s wholesale banking, will see HP provide dedicated data centre services with the aim of reducing infrastructure costs for the bank. Deutsche will retain activities such [...]
Monitise on the block after sales targets missed January 22, 2015 ONCE one of London’s shining financial technology stars, Monitise put itself up for sale yesterday after issuing its third revenue warning in 12 months. Business giant IBM, a close partner of Monitise since 2013, was among the interested parties considering a bid for the firm yesterday, City A.M. understands. Monitise shares collapsed 25 per cent [...]
The non-bank of Facebook, AliBay, and AI: The future of global fintech March 5, 2015 The global fintech industry has seen some remarkable developments since we launched Level39 two years ago. But what of the future? I’d like to suggest two possibilities for what might happen, and challenge one that, contrary to some current thinking, I don’t think will. FACEBOOK: THE NON-BANK BANK More than any other social media platform, [...]