Author: The SaaS Outlook

LONDON, Nov 4 (Reuters) – Starling Group has signed a 10-year agreement to upgrade core software at Tangerine, a Canadian digital bank owned by Bank of Nova Scotia (BNS.TO), opens new tab, as the British-based bank continues its global expansion, Starling said on Tuesday. The deal is the biggest yet for the British digital bank’s Engine by Starling software services subsidiary, and will see Tangerine migrate its digital banking operations to Engine’s cloud-based Software-as-a-Service platform. The partnership follows Engine’s expansion into North America earlier this year, with new offices in Toronto and New York, and marks Engine’s first North American client.…

ct 28 (Reuters) – Banking software company Temenos (TEMN.S), opens new tab raised its 2025 outlook on Tuesday and reported third quarter earnings which were ahead of market expectations while stating its search for a new chief executive continues. In early September Temenos parted ways with CEO Jean-Pierre Brulard, who had been in the position for only 16 months. The company appointed finance chief Takis Spiliopoulos to the role on an interim basis. Temenos shares fell 15% following news of Brulard’s departure. “We are making good progress and are actively considering a number of internal and external candidates,” Chairman Thibault de Tersant said in…

Nov 4 (Reuters) – Deutsche Telekom (DTEGn.DE), opens new tab and Nvidia (NVDA.O), opens new tab are launching an AI cloud for industrial applications in a 1 billion euro ($1.2 billion) partnership that is set to go live in the first quarter of 2026, the German group said on Tuesday. The cloud will operate from a refurbished Munich data centre housing up to 10,000 Nvidia Blackwell graphics processing units (GPUs), with SAP (SAPG.DE), opens new tab providing the software stack for the cloud, Deutsche Telekom said. Companies will be able to book computing power as needed to develop industrial AI applications, Deutsche Telekom CEO Tim Hoettges…

Oct 16 (Reuters) – Cloud-computing firm Salesforce (CRM.N), opens new tab was hit with a proposed class action lawsuit by two authors who alleged the company used thousands of books without permission to train its artificial intelligence software. Novelists Molly Tanzer and Jennifer Gilmore said in the complaint, opens new tab filed on Wednesday that Salesforce infringed copyrights by using their work to train its xGen AI models to process language. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. A Salesforce spokesperson declined to comment on the lawsuit on Thursday. “It’s important that companies…