‘Digital Bank of the Future’ on Display at Money 20/20

‘Digital Bank of the Future’ on Display at Money 20/20

This week, VMware is at Money 20/20 – one of the largest financial services industry events of the year – and have made several exciting announcements while at the show.

Firstly, VMware shared results of a recent survey of banking professionals that explores how technology will shape the future of the banking industry. The survey, commissioned by VMware, revealed banks are laying the foundation for the digitisation of their businesses and anticipate emerging technologies – from IoT to biometric authentications and blockchain – to make a substantial impact on the industry within five years. To dive into the findings of the survey you can download the whitepaper or read the press release.

Secondly, VMware presented how the company is actively participating in advancing blockchain technology – a distributed ledger that cryptographically store “blocks” of data – to provide secure, reliable and scalable blockchain platforms for a variety of customers in the financial services industry. VMware unveiled its initial proof of concept at Money 20/20, marking an important step in the company’s blockchain journey. To learn more about how VMware is advancing blockchain technology, read our blog post.

Finally, VMware and Temenos announced a collaboration with Bank Leumi, Israel’s leading bank, to create an advanced digital banking platform for banks worldwide. The new solution available today is based on the platform originally developed for Pepper, Bank Leumi’s fully-mobile bank. The new platform combines Pepper’s innovative product base with Temenos’ Core Banking platform, and deployed on VMware’s cloud infrastructure either on premises or in the public cloud. For full details, read our press release.