Al Wifaq International Islamic Bank for Investment and Finance, a newly established bank in Iraq, has selected the most holistic Islamic banking software; ICS BANKS ISLAMIC from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to start its Islamic operations in Baghdad, Iraq.
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Al Wifaq International Islamic Bank Selects ICS BANKS ISLAMIC from ICSFS to Maximise its Financial Efficiency
Monday, March 16, 2020 - 06:37
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Financial IT
How AI can be used to improve corporate transparency
News stories of late have pointed to the need to compile and verify vital data on listed companies. The London Stock Exchange-listed company Lekoil, for example, fell afoul of an alleged fraudulent financing deal, while FTSE 100 firm NMC Health found itself embroiled in an investigation into incorrect shareholder reporting.
For private equity firms, accessing current and precise information about potential targets is a necessity when carrying out due diligence and to inform speculative buyout offers.
Monday, March 16, 2020 - 06:30
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Financial IT
Backbase and Finxact Partner to Help Financial Institutions in North America Innovate at Speed and Move Away from Vendor Lock-In
Backbase, the omni-channel Digital Banking platform and Finxact, the Core-as-a-Service platform, have entered into a strategic partnership to help banks and credit unions unlock the full potential of their digital transformation with a next-gen front-to-back solution. The partnership combines Backbase’s portfolio of turn-key online and mobile banking applications with Finxact’s next-gen cloud native core banking platform. The combined front-to-back SaaS solution empowers clients to launch a greenfield bank in under three months.
Monday, March 16, 2020 - 06:20
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Financial IT
Smartlands Receives “Best Crowdfunding Platform 2020” Award from FinTech Breakthrough Awards
Smartlands is excited to announce that Smartlands has received the “Best Crowdfunding Platform” Award from the FinTech Breakthrough Awards that recognises the top companies and products in the financial services and technology industry today.
Friday, March 13, 2020 - 12:53
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Financial IT
ING invests in London-based provider of natural language processing (NLP) technology Eigen Technologies (‘Eigen’)
ING’s reputation for adopting cutting edge technologies was enhanced today with the announcement that it would make an investment in London-based provider of natural language processing (NLP) technology Eigen Technologies (‘Eigen’).
“Eigen provides a strategic capability in use cases across both retail and wholesale banking.” - Benoît Legrand
Friday, March 13, 2020 - 12:10
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/news/investment/ing-invests-london-based-provider-natural-language-processing-nlp-technology-eigen
Financial IT
Nordea offers instalment-free periods for mortgage and small and medium-sized business customers in light of corona outbreak
As the biggest bank in the Nordics, Nordea has a special responsibility to our customers and the societies during tough times. Nordea has decided to offer instalment-free periods to those personal and business customers in all Nordic countries who are in need of help because of the corona outbreak.
Friday, March 13, 2020 - 10:59
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Financial IT
The race to scale up automation in financial services
As financial services organizations look ahead to the new decade, they will be aware the next ten years are set to bring about dramatic changes in how they go to market and their service offerings and how they engage with customers.
Digital transformation and increasing consumer expectations will place heightened pressure on banks and insurance companies to deliver intuitive and personalized customer experience, far beyond what we currently see in the market.
Friday, March 13, 2020 - 10:52
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Financial IT
MoneyGram Launches Referral Program to Grow Peer-to-Peer (P2P) Payments and Money Transfers
MoneyGram International, Inc. , a global leader in cross-border P2P payments and money transfers, today announced the launch of a new referral program, which provides MoneyGram users with discounts after referring new customers.
"The launch of our customer-centric referral program supports our company strategy to accelerate digital growth," said Alex Holmes, MoneyGram Chairman and CEO. "Our customers continue to provide incredibly positive feedback on our leading digital capabilities, and we're excited to make it easier for them to share their experience with friends and family."
Friday, March 13, 2020 - 10:40
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Financial IT
How Prepared are Insurtechs Against the Threat of Coronavirus?
The losses and costs resulting from the outbreak of coronavirus are estimated to be in the enormous sum of four trillion US dollars – but we don’t see this as reason to panic. Thanks to a mobile-first approach, technical infrastructure and direct sales, insurtechs are protected against the crisis and, right now, they are one of the most promising business models, in one of the largest markets in the world. The developments surrounding coronavirus could therefore even be described as a catalyst for insurtechs. Crises reveal how strong a digital business model is.
Friday, March 13, 2020 - 10:06
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Assetz Capital secures £15m British Business Investments funding to help boost UK housebuilding
Assetz Capital has become the first property-focused marketplace platform to receive funding from British Business Investments (BBI), a commercial subsidiary of the British Business Bank.
The £15m commitment from British Business Investments will support in excess of £100m of new lending to smaller businesses and smaller housing developers, helping them grow as well as helping fuel the development of new homes across the UK.
The funding will be used for development finance loans and SME commercial mortgages originated by Assetz Capital.
Friday, March 13, 2020 - 09:56
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Financial IT
