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October 14, 2021
On the web
Shopify Enlists Microsoft, Oracle for Business Tools on App
Reuters
“Canadian e-commerce platform Shopify Inc (SHOP.TO) is teaming up with top cloud companies including Microsoft Corp (MSFT.O) and Oracle Corp (ORCL.N) to help merchants streamline their business operations. Business owners on the platform can now access Enterprise Resource Planning (ERP) tools including Microsoft Dynamics 365 Business Central, Oracle NetSuite and Infor on the Shopify app. Earlier, they had to rely on third-party applications to connect to Shopify their ERP tools ranging from financial trackers to inventory management systems.”
April 16, 2021
On the web
SAP Forms Financial Services Alliance With Investor Dediq
Reuters
“Business software group SAP (SAPG.DE) said on Tuesday it was forming a joint venture with Munich-based investor Dediq to develop new digital solutions for banking and insurance. Under the deal, Dediq will invest more than 500 million euros ($595 million) in developing premium products for financial services while SAP will contribute intellectual property in return for a 20% stake.”
May 12, 2020
On the wires
IBM Canada and Prairie Credit Unions Team up for Digital Transformation and Payments Modernization on IBM Public Cloud
“A new Prairie Payments Joint Venture (PPJV) and IBM (NYSE: IBM) have signed an 8-year, multi-million dollar agreement to digitally transform and modernize credit union payment services in Canada. This marks the largest agreement of its kind in Canada for the credit union system. The new joint venture between the Credit Union Centrals of Alberta, Saskatchewan and Manitoba collectively represent more than 75 credit unions across the three prairie provinces.”
May 11, 2020
On the wires
FIS Cuts the Wait for New Credit and Debit Cardholders to Access Accounts
“Financial technology leader FIS ™ (NYSE: FIS) announced FIS Digital Issuance, a first-to-market solution that allows financial institutions to provide newly approved applicants with immediate mobile access to their credit and debit accounts. Avidia Bank is the first financial institution to begin offering the new FIS solution. Available to FIS credit or debit card processing clients, the solution allows consumers who are approved for a new credit or debit card to use a mobile app to set up their card securely in their phone’s mobile wallet.”
September 14, 2018
On the web
Nasdaq to buy Sweden’s Cinnober for $190m
Financial Times (paywall)
“Cinnober supplies clearing software to some of the world’s largest exchanges, such as B3 of Brazil, the London Metal Exchange and the Japan Exchange. However it has struggled for profitability in the past 18 months after losing some key customers and changing the way it charged customers for its software.”
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