Aegon is to collaborate with core banking engine provider Ohpen to develop a new platform for use throughout the full scope of Aegon’s Dutch services. The financial services provider will use the platform for multiple labels, including Knab, for the administration and distribution of its savings, pension and investment products. Ohpen’s core banking platform will enable Aegon to offer its products, for which it is a market leader, in a future-proof manner.

Infrastructure of the future

According to the survey, most bankers believe that open banking will have a dramatic effect on the market structure and competitive environment for consumer banking services. Nearly 90% believe that Millennials will be using banking services from a variety of providers that are accessed through a single aggregation portal, significantly impacting the relationship banks currently enjoy with their customers.

Computer Service Professionals, Inc. (CSPI) the provider of digital banking platform, has partnered with fintech firm Geezeo to offer digital financial management tools to CSPIs financial institution clients. 

Today New Access Banking Software, a leading global provider of critical front-office software solutions to the private banking industry, announced the acquisition of the Ambit Private Banking business from FIS.  The Ambit Private Banking business, provides a comprehensive suite of software solutions, including Apsys and CIM, designed to help Swiss and international private banks to build a strong competitive advantage. The solution suite includes core banking, client management, analysis and control, market management, fund accounting and alternative investments solutions.

Today Fenergo, the industry standard for Client Lifecycle Management software solutions for investment, private and corporate banks reported that Spencer G. Lake, a former Vice Chairman of HSBC Global Banking and Markets, has joined its Board of Directors in the capacity of Vice Chairman. 

Today Remitly, the biggest independent digital remittance company in the United States, announces its expansion into the United Kingdom, its third send country after the United States and Canada. Remitly offers UK residents a modern and convenient remittance experience that allows them to send money across borders quickly and at less cost through its mobile app and website.

Today CIMB Group announced the impending appointment of Olivier Crespin as the Chief FinTech Officer for its newly set-up unit, CIMB FinTech, which is a standalone unit that will actively explore new, innovative banking solutions.

Today Fleximize, the UK’s first revenue-based finance provider, reported that it has closed a new financing facility of £16,300,000 from Hadrian’s Wall Secured Investments Limited, a specialised investment fund. 

Global business intelligence experts, Creditsafe, has been granted full Financial Conduct Authority (FCA) accreditation.

The private bank Julius Baer has successfully revealed the newest generation in mobile banking. The bank is the first to offer its customers the opportunity to log into online banking using only their smartphone. This means that they can use all functions while out and about.