Oracle Database@Azure may backfire financially; Oracle points to advantages
Further details surrounding the deal between Oracle and Azure could make the whole thing a financial setback. The partnership should make Oracle hardware and software available in Azure data centres.
Oracle is charging double to run certain products in Azure's cloud. Indeed, the company writes i... Read more
Workday further elasticates adaptive planning
Work, like life, is difficult. But work is now being defined as an increasingly complex and convoluted process, only established and executed through massively interrelated processes, which are now increasingly digitised and subsequently compartmentalised into what the technology industry now likes... Read more
Can Workday HCM and Finance stay ahead of the big platforms?
Workday is the next major software company to offer a complete suite through a cloud platform. Customers can customize the cloud platform through low-code. At Workday, the suite consists of two core products; Human Capital Management and Financial Management. In our conversation with Jens Löhmar, ... Read more
British bank TSB to pay €56 million fine over mishandled IT migration
UK authorities fined British lender TSB £49 million (€56 million) for a botched IT platform upgrade that shut millions of clients out of bank accounts in 2018.
According to the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), the IT update "immediately experienced ... Read more
ForwardOne raises €145 million for European tech companies
ForwardOne closes a €145 million investment fund for European tech companies. The Dutch venture capitalist wants to invest the fund in startups and small businesses in Scandinavia, Germany and the Netherlands.
Most of the money was raised from family funds and entrepreneurs, according to Dutc... Read more
‘Lack of CIO-CFO cooperation hinders growth’
Companies digitalize at a rapid pace, but according to Workday, financial processes often fall by the wayside. The organization's latest research report suggests that CIOs and CFOs need to collaborate more to achieve goals.
Workday surveyed nearly 500 finance and IT leaders in the EMEA region fo... Read more
Workday accelerates cloud migrations with Industry Accelerators
The Workday Industry Accelerators program is now available in the EMEA region. The program consists of software and consulting services for banks, insurers and other financial companies. According to Workday, the services help quickly migrate finance and HR processes to the cloud.
The Workday I... Read more
Belgian provider EDPnet is in dire financial straits
Belgian provider EDPnet is in financial trouble, according to website Data News. The provider was granted temporary creditor protection by a Belgian court. The company is said to have debts with network operator Proximus, among others.
Data News stated that EDPnet obtained creditor protection fr... Read more
Deloitte and AWS collaborate on fintech and banking services
Deloitte and AWS will jointly develop cloud-based banking services. The partners want to help financial organizations introduce digital banking tools and modernize fintech solutions.
As part of the partnership, Deloitte is bringing its ConvergePROSPERITY BankingSuite platform to AWS' public clou... Read more
Foreign buyers are snatching up UK tech companies
Fast growing British tech companies have become attractive targets for acquisition by foreign concerns.
A wave of foreign buyers is coming after British technology companies, according to Bloomberg News. The trend threatens to deprive the UK market of the little exposure it still has to high-gro... Read more