Temenos, the software specialist for banking and finance, today announces that Cooperative Bank of Oromia (CBO) has gone live with its UniversalSuite. As the bank increases its footprint in Ethiopia, this new technology will enable the bank’s growth strategy, supported by an agile core banking solution, powerful analytics, and a central platform to drive growth across all distribution channels. United System Integrators (USi) led the implementation of Temenos’ Core Banking platform at CBO.

Compuware today made Topaz, its flagship solution for mainframe Agile/DevOps, available on Amazon Web Services (AWS). This marks the industry’s first cloud access to modern mainframe development, enabling enterprises to deploy agile tools for COBOL and other core codebases in minutes.

It can now take as little as 9 minutes for stolen card and account data to be used via the dark web.

At FinovateFall in New York, Sensibill shared their vision for personalization in banking with a demonstration of their new data insights tool, 

In accordance with the Financial Market Infrastructure Act (FMIA), all companies with a registered office in Switzerland are obliged to report derivative transactions to an authorised trade repository. In response to client demand, SIX Securities Services today launched its FINMA-accredited central trade repository for the reporting of OTC and exchange-traded derivative (ETD) transactions under FMIA. As of today, in accordance with the FMIA deadline, the system is officially up and running.

Atos, a global leader in digital transformation, believes waiting for digital threats to materialise will soon be consigned to history as we enter a new age of predictive cyber security capability able to ward off cyber threats even before they occur.

Our large sell side clients all have implemented MiFID II programs, but they're still a work in progress. Given the state of these programs many, if not most, are going to have trouble meeting the deadlines.

“The problem banks are having isn’t in getting a system together that sends the data to the regulators; that’s the easy part. The hard part is with specific problems in departments like fixed income, where almost two thirds of trades are still done by voice.”

The Malaysian RHB Banking Group has launched a chatbot via the RinggitPlus comparison website.

The chatbot is a blend of an “advisor” and “salesperson” for consumers applying for a personal loan. During the conversation the chatbot co-ordinates all the necessary information and communicates eligibility via SMS.  

The RHB Banking Group targeted outcome is to grow their personal loan business through the RinggitPlus channel by 60%.

Here are some insights from this announcement:

Beehive, MENA's leading peer to peer lending (P2P) platform, has secured $5m investment as part of a Series A round led by Riyad TAQNIA Fund and supported by the Mohammed Bin Rashid Fund (MBRF), the financial arm of Dubai SME, as well as several other regional investors. This latest fundraise brings the total raised by Beehive to $10.5m since its launch.

Craig Moore, Beehive Founder and CEO, said: