Dirk Vesper, Vice President Product Management, valantic at Sibos 2019

No industry is as driven by the technology transformation as fintech is. According to PwC, 

more than 81% of banking CEOs are considering the impact of digitalization on their field. 

Rapid deployment and innovation are required in today’s digital banking market. Seventy-two percent of online-only bank users are now more likely to switch banks for better digital services.*

NYMBUS licensed NCR’s D3 Digital Banking platform (D3) to provide comprehensive digital interactions in conjunction with its SmartCore® private cloud-based core processing platform. The combination of the NCR and NYMBUS platforms will allow financial institutions to rapidly deploy new digital bank brands to consumer and business customers.

Tide, the leading digital business banking platform, has today announced it has raised £44.1 million (US$54.3 million) in a first-round of Series B funding*. The round was led by specialist fintech investment companies, The SBI Group and Augmentum Fintech plc (“Augmentum”). 

Japan-based The SBI Group is one of the world’s leading fintech investment companies, Augmentum is one of Europe’s leading fintech VCs and the UK’s only listed fund specialising in fintech.

Being a vast majority among businesses worldwide, SMEs generate only about a fifth of banks’ income. Looks like a great big pool of unmet needs. 

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its Exception Manager platform has passed an important milestone, managing more than 2 million records related to 849,556 transactions/trades/exceptions and representing over $100 billion in market activity.

Kantox, a leader in FX management and payment solutions for businesses, announced today that it is providing Citi’s Commercial Bank with a seamless user experience for its foreign exchange (FX) clients in the United States through a customised solution that connects directly to Citi’s foreign currency payments platform.

The software – part of Citi’s Dynamic Management Foreign Exchange (“DMFX”) initiative – also provides treasury automation for local and cross-border payments in multiple currencies for corporate and commercial bank clients.

Temenos (SIX: TEMN), the banking software company, has been recognized as one of the best places to work in India out of 900 participating organizations by Great Place to Work®. Certification comes as a result of independent analysis carried out by the global research and consulting firm and highlights Temenos’ dedication to creating an outstanding workplace culture.