Remove Banking Remove Capital Remove Management Remove Marketing
article thumbnail

Atos calls for help after plan to raise new capital falters

CIO

French IT services company Atos has called on a third-party trustee to help it negotiate debt refinancing with its banks after plans to raise €720 million in new capital through a rights issue fell through. IT Operations, Managed IT Services There’s no certainty these negotiations will result in an agreement,” Atos said Monday.

Capital 617
article thumbnail

Schrodinger’s Open Banking

CIO

I can’t help but think of open banking in the United States — it’s not here, and, at the same time, it’s very much here. In essence, they’re not waiting for the kind of regulatory open banking mandates that have been handed down in other parts of the world. They’re building their own open banking environment.

Banking 615
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Schrodinger’s Open Banking

CIO

I can’t help but think of open banking in the United States — it’s not here, and, at the same time, it’s very much here. In essence, they’re not waiting for the kind of regulatory open banking mandates that have been handed down in other parts of the world. They’re building their own open banking environment.

Banking 615
article thumbnail

Atos receives four offers of help

CIO

The loss-making IT services company is struggling to repay or reschedule its debts and has been looking for new sources of capital for almost two years , including the sale of various parts of the company, so far without success. Managed IT Services, Technology Industry Atos has given itself a month to choose between the offers.

Capital 650
article thumbnail

Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO

It is already at work in our business — preventing market interruptions, creating new kinds of intelligence for investors, and stopping financial criminals in their tracks,” Peterson says. billion in 2022, derives roughly 30% of its business from its markets, trading, and exchange business — and about 40% from software sales and licensing.

Banking 725
article thumbnail

IT services company Atos finalizes plan for IBM-style split

CIO

IT services company Atos has found a buyer for its legacy managed infrastructure services business as it prepares for an IBM-style split between faster- and slower-growing activities. EPEI has little experience managing technology companies. We can create a lot of value through our focus on the most attractive markets.”

IT 617
article thumbnail

Step 1 to becoming a business-savvy CIO

CIO

It requires knowing how the organization operates, its market context, and what must be achieved by the organization as a whole to ensure its success. So, if the bank sees that too many of its loans are defaulting, resulting in losses, how much would an AI-driven loan decisioning software be able to help?

Business 696