Welcome to our recap of the top 5 fintech news from this week.
We’ll cover the most exciting developments in financial technology, from groundbreaking innovations and major partnerships to regulatory updates and market trends. Stay tuned to catch up on the latest advancements shaping the future of finance with Financial Technology Insights.
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Top 5 Fintech News Of This Week
IBM Brings Apptio Product Portfolio to the Microsoft Cloud
As IT leaders grapple with growing technology budgets and managing new generative AI-fueled compute needs, they are facing increasing pressure to prove the value of their investments.
Now available on the Azure Marketplace, IBM Targetprocess EAP software helps portfolio managers and finance teams plan and manage budgets and align their workforces across various technology priorities, while applying technology business management (TBM) industry best practices. As a native software-as-a-service solution from IBM’s acquisition of Apptio, Targetprocess integrates with Azure DevOps to provide simplified management, increased efficiencies and potential cost savings by allowing clients to use Microsoft Azure Consumption Commitments.
As a leader in IDC’s MarketScape for Worldwide Value Stream Management and Agile Project and Portfolio Management and Gartner’s Enterprise Agile Planning Magic Quadrant, IBM Targetprocess enhances Azure DevOps’ capabilities, providing end-to-end visibility from the team level up. It also supports various Agile frameworks, including SAFe, and offers flexibility to align with each organization’s business practices – providing a single source of truth for tech spend and labor allocation.
Nubank Launches NuCel, New Mobile Phone Service
Nubank, the largest digital bank platform outside of Asia, announces NuCel in the Brazilian market, a mobile phone service designed to transform customer experience and expand the company’s portfolio beyond financial services. Focusing on customer-centric decisions, eliminating complexities, ensuring transparency, and offering high-level service and support, Nubank aspires to lead a new transformation in the mobile telephony sector.
The product was developed to simplify users’ lives with flexible and no-commitment plans. Additionally, NuCel customers will have benefits that are part of the Nubank ecosystem, such as “Caixinhas Turbo”, a tool that allows users to save money with a personalized return of 120% of the CDI. Ultravioleta and Nubank+ customers will automatically receive extra gigabytes if their data allowance is exceeded.
TCS Partners with Insper to Accelerate Innovation Across South America
Tata Consultancy Services (TCS), a leading global company in IT services, consultancy and business solutions, has signed a 10-year strategic partnership with Insper, one of Brazil’s leading higher education and research institutions. This collaboration aims to advance industry innovation for TCS customers in South America by leveraging technologies like AI, GenAI, IoT, and spatial computing.
The collaboration between TCS and Insper will include academic research work, development of technology prototypes, and organization of seminars, hackathons and technology talks using the TCS PaceTM methodology for innovation at scale. TCS will offer its customers across the region exclusive access to its cutting-edge research and innovation capabilities, combined with Insper’s academic expertise, ecosystem, labs, and expert resources.
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Accenture Completes Acquisition of Camelot Management Consultants
Accenture has completed the acquisition of Camelot Management Consultants, an international SAP®-focused management and technology consulting firm from Germany, with specific strengths in supply chain, data and analytics. The acquisition further enhances Accenture’s SAP and AI-driven supply chain capabilities, helping clients build the intelligent and resilient supply chains that today’s business landscape demands. The acquisition of Camelot Management Consultants, previously announced on July 22, 2024, bolsters Accenture’s ability to drive the reinvention of its clients’ entire supply chains. Camelot also brings experience in analytics, data strategy and modernization, helping organizations build a strong foundation for accelerating the adoption of AI.
Founded in 1996, Camelot is a leading SAP partner in Germany, Austria and Switzerland with a broad client portfolio of large and midsize companies in the chemicals , life sciences , consumer goods and industrial manufacturing industries. With headquarters in Mannheim, Germany, Camelot also has offices in the United States, United Arab Emirates, Poland, Spain and Switzerland. Camelot brings a team of highly qualified professionals to Accenture, including SAP, data and supply chain experts.
Accelerate Your Fintech Success with Mastercard’s Enhanced Product Express Platform
After the successful launch in Latin America earlier this year, Product Express now enables fintechs in Africa and Middle East, Europe and North America to launch a card program in as fast as 15 days. Mastercard has today announced the expansion of its Product Express platform in Africa and Middle East, Europe, North America, and more markets in Latin America to help fintechs launch card programs quickly and through a process that’s simple and transparent. Mastercard Product Express is designed for fintechs, enabling the innovation necessary to meet their customer needs, and helping reduce their time to market by providing them with the tools, resources and partners required to launch and scale.
Through the platform, fintechs can easily select the product that best meets their needs, choose plan-certified partners ready to implement, e.g. with live BINs and pre-approved card designs, and the ability to track progress in full transparency across all steps to be completed by all parties. This allows them to drastically reduce the time to market with the platform providing a way for fintechs to launch card programs in as fast as 15 days*.
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Thank you for joining us for this recap of the top 5 fintech news from this week. We hope you found these updates insightful and exciting. Stay tuned for more news and developments in the fintech world. Keep innovating and exploring the future of finance with us. Until next time, stay informed and stay ahead in the fintech space. We will be covering more such updates on Financial Technology Insights.
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