Transactions: Google, Santander team up on cloud software

Google Cloud and $147 billion Banco Santander recently unveiled Dual Run, a solution that simplifies the migration of legacy mainframe systems to the cloud. Dual Run is built on Madrid-based Santander’s technology and enables parallel processing, which allows customers to run workloads on existing mainframes as well as Google Cloud, perform real-time testing, and gather data on performance and stability without disrupting workflow. The technology also integrates with Micro Focus ’ enterprise IT modernization platform. “By moving mainframe systems to the cloud, organizations have an opportunity to better utilize their data, implement stronger cybersecurity protections, and build a foundation for their digital transformations that will drive their future growth,” Sachin Gupta, vice president and general manager of infrastructure at Google Cloud, said in a release. Bank of America extends payment solution in Europe Bank of America ’s real-time payment solution, Pay by Bank, is available for euro currency payments in France, Germany and Spain eight months after launching in the U.K. Pay by Bank transactions are based on open banking and take place in real time, requiring neither credit nor debit card information. The service streamlines reconciliation and connects to a company’s existing payment system via API. “Our Merchant Services clients annually process 8.7 billion transactions ($438.3 billion by volume) online and in-store, in the U.S., Canada and Europe,” Natalie Willems-Rosman, head of Europe, Middle East, and Africa merchant services at $3.1 trillion Bank of America, said in a release. The bank will continue to add more countries and currencies in 2023, according to the release. Rapid Finance acquires Thrive Finance solutions provider Rapid Finance has acquired digital lending platform provider Thrive . The terms of the deal were not disclosed. San Francisco-based Thrive’s platform streamlines the origination process and underwriting for consumers and small- to medium-sized business lending. Thrive will become part of Bethesda, Md.-based Rapid’s Finance Technology unit, according to a release. “Since its inception, Thrive was purpose-built to address the need for more efficient lending through intelligent automation of application, origination, underwriting, decisioning and servicing,” Kunal Sehgal, co-founder and CEO of Thrive, said in a release. “By becoming part of an established industry leader like Rapid Finance, we are well-positioned to build on that foundation and accelerate our growth.” Deutsche Bank, Fiserv launch payments company Deutsche Bank and global payments fintech Fiserv have launched Vert , a payment acceptance and banking services provider to small- and medium-sized enterprises (SME), in Germany. Vert combines payment acceptance and processing with traditional banking solutions. The company also offers next-banking-day payouts to give merchants quicker access to their funds, according to a release. “Vert brings together the expertise of two market leaders in cash management and payment acceptance technology. In cooperation with Vert, we can provide accounts, payment solutions and banking services to our SME customers,” Kilian Thalhammer, head of merchant solutions at $1.4 trillion Deutsche Bank, said in a release. Q2 acquires Sensibill Banking platform provider Q2 Holdings has acquired Toronto-based Sensibill , a machine learning (ML)-based solution for financial institutions (FIs), for an undisclosed amount. Sensibill’s ML platform enables FIs to capture and categorize granular spending details to better serve small business and consumer account holders, according to a release. “Sensibill’s solution enables financial institutions to better understand the spending behaviors of their account holders, positioning them to deliver tailored products and services, drive loyalty and increase engagement,” Kirk Coleman, chief banking officer at Q2, said in a release.

Transactions: Google, Santander team up on cloud software

BofA extends payment solution to Euro

Citi to launch 24/7 cross-border payments

U.S. consumers embrace digital banking

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Transactions: Google, Santander team up on cloud software

BofA extends payment solution to Euro

Citi to launch 24/7 cross-border payments

U.S. consumers embrace digital banking

Related Posts

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