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Kingdom of Bahrain Eyes Global Leadership in Open Banking

Signalling the pace at which the Kingdom of Bahrain is embracing the new era of open banking, in just one week the Kingdom’s regulator, the Central Bank of Bahrain, has mandated open banking adoption for Bahraini retail banks that provide online banking services to their customers and provided an in-principle confirmation to the first domestic open banking infrastructure provider, Almoayed Technologies.

Thursday, December 13, 2018 - 07:05

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Nordic Finance chooses Tieto’s leasing platform to start offering leases and disrupt the leasing market

Tieto has signed an agreement with Swedish leasing broker Nordic Finance to provide a leasing system that disrupts conventional processes and gives customers a smoother experience through digitalisation and automation.

Thursday, December 13, 2018 - 07:03

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Wolters Kluwer Indicator Survey: U.S. Regulatory & Risk Concerns Remain High

Wolters Kluwer’s Compliance Solutions business has released the results of its annual Regulatory and Risk Management Indicator survey for the U.S. The highly anticpated survey shows a Main Indicator Score of 85, representing continued anxiety on certain risk and regulatory issues that demand close attention. However, there is a notable easing in the anxiety levels of U.S.

Thursday, December 13, 2018 - 07:01

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PerfectCard joins Banking Circle for fast and cost-effective payment reconciliation

PerfectCard, the FinTech provider of employee reward and corporate expense solutions, has joined Banking Circle to streamline payment reconciliation. Financial utility, Banking Circle, provides ground-breaking financial services infrastructure, helping banks and FinTechs to provide their customers with fast and cost-effective banking and payment solutions, without having to make significant investment in in-house systems.

Thursday, December 13, 2018 - 06:59

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Ecobank, the Pan African Bank, appoints MFS Africa Ltd as Digital payment partner

Thursday, December 13, 2018 - 06:56

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UnionPay maintains its position as the world’s largest card scheme

Brand new research from RBR reveals that the number of payment cards in circulation worldwide reached 15 billion at the end of 2017, with UnionPay continuing to hold the largest share

Financial inclusion initiatives drive growth in card issuing

Thursday, December 13, 2018 - 06:53

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First EU merchant live on unified neobanking & payments platform

iSignthis Ltd subsidiary, iSignthis eMoney Ltd, trading as ISXPay® (“the Company”), is pleased to announce its first merchant has gone live on its own integrated and unified neobanking platform comprising principal acquiring platform for Visa, Mastercard and JCB, with fund settlements being deposited to ISXPay issued ISEMCY22 International Bank Account Numbers (IBANs).

Thursday, December 13, 2018 - 06:49

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Nordea announces organisational changes

Nordea Bank Abp (Nordea) has decided to further increase focus and strengthen execution within risk and compliance by consolidating resources in these areas. Two roles in Group Executive Management will be changed.

Thursday, December 13, 2018 - 06:46

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Temenos acquires US-headquartered SaaS vendor Avoka to strengthen its leading Digital Front Office banking product

Temenos (SIX: TEMN), the banking software company, today announces it has agreed to acquire Avoka, a leader in digital customer acquisition and onboarding, subject to regulatory approvals. The acquisition further strengthens the Temenos Digital Front Office product, which has over 300 banking clients and has been recognized as a leader by top analyst houses such as Forrester and Ovum. The Avoka platform will be integrated with the Temenos Digital Front Office product, providing banks with a comprehensive single solution for their omni-channel digital banking needs.

Wednesday, December 12, 2018 - 14:50

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Financial IT

PayPal launches Xoom in Canada