JPMorgan Chase & Co.‘s acquisition of Nutmeg and Lloyds Banking Group PLC’s takeover of Embark may spur further purchases of wealth management-focused financial technology firms as U.K.-based banks seek to cut costs and reach new customers. JPMorgan in June acquired Nutmeg Saving and Investment Ltd., a so-called robo-adviser, or online […]
Banks
Banks are moving their core operations into the cloud at a rapid rate. But new tech brings new challenges
Cloud computing is seen as a key technology in helping to future-proof the banking industry. Image: NurPhoto / Contributor / Getty Images Banks are increasingly turning to the cloud in an effort to modernize their outdated IT models and better compete for customers’ favors, finds a new report commissioned […]