Banking

NatWest first UK bank to unveil biometric card

The first biometric fingerprint card issued by a UK bank enters circulation today. As part of a national trial NatWest is piloting cutting edge, biometric fingerprint technology with 200 customers. Customers can now use their fingerprint to verify transactions above the £30 contactless limit, increasing security and making it easier for customers when paying for goods or services at the tills as no PIN is required. As well as retaining... more Read more »

Instantor Presents Report on Digital Trust: The New Currency for Financial Organisations

Today Instantor, the second fastest-growing Swedish FinTech, who makes tough calls easy within credit risk management presents How to leverage trust and improve conversion through digitalisation, a report that demonstrates how digitalisation is a critical factor to build trust today and drive business. Read more »

BS/2 Provides Cash Monitoring tools for VTB Bank in Georgia to Improve Cash Efficiency

VTB Bank is one of the leading banks in the Georgian financial market. With almost 15 years in business, it established itself as a modern financial institution, introducing innovations and improving the quality of services. Since the beginning of 2019, technical support for all bank self-service devices has been entrusted to BS/2 Georgia. Read more »

Unisys Launches New Version of Elevate™ Omnichannel Banking Platform to Facilitate Shift to Open Banking

 Unisys Corporation (NYSE: UIS) today announced the availability of the latest version of its Unisys Elevate™ omnichannel banking software platform, which enables banks to adopt an open banking approach to deliver an unrivaled customer experience. Read more »

People Who Do Not Have Bank Account Pay £500 Extra a Year in Bills

People who do not have access to a bank account pay an extra £485 a year for everyday bills and services, research from an account provider suggests. More than 1.2 million Britons do not have a bank account, so miss out on discounts reserved for those who pay bills by direct debit, said Pockit. This ramps up the cost of energy bills, broadband and phone contracts, it said. "For many of us, having a bank account is a basic fact of life," said... more Read more »

NPM Capital Acquires 35% Stake in Ohpen

First and long-time investor Amerborgh sells a part of its stake in Ohpen to NPM Capital, that upon the transaction, will have a 35% stake in Ohpen. Amerborgh wanted to sell this stake to finance ongoing and future projects, like the arts and culture centre "het HEM" in Zaandam. Ohpen is a fast-growing Fintech company. The Ohpen SaaS, cloud native core banking platform administers retail investment and savings accounts for banks and other... more Read more »

Remitly Brings Faster, Affordable International Money Transfers to France

Remitly, the largest independent digital remittance company in North America, has launched its award-winning service to France, making international money transfers more fair, transparent, and cost-effective when sending money from France to international destinations. Read more »

First BELLIN Customer Goes Live with gpi for Corporates (g4C)

BELLIN, a global leader in providing web-based treasury software and services for multinational corporations, has successfully integrated SWIFT gpi for Corporates (g4C) technology in its tm5 treasury management system. BELLIN client Darling Ingredients Inc. just went live with g4C and has processed the first g4C payments in tm5, together with JPMorgan Chase bank. Read more »

NPM Capital Acquires 35% Stake In Ohpen

First and long-time investor Amerborgh sells a part of its stake in Ohpen to NPM Capital, that upon the transaction, will have a 35% stake in Ohpen. Amerborgh wanted to sell this stake to finance ongoing and future projects, like the arts and culture centre "het HEM" in Zaandam. Ohpen is a fast-growing Fintech company. The Ohpen SaaS, cloud native core banking platform administers retail investment and savings accounts for banks and other... more Read more »

Praxia Bank to Offer Deposit Products via Cross-border Deposit Marketplace

A new deposit acquisition strategy capitalizing on cutting-edge technology and globalized market opportunities. Read more »

Customer engagement key differentiator for banks as total redress payments increase

Statistics from the recent FCA complaints handling report show that the total redress paid to consumers was £2.26 billion, 12% (£216 million) increase compared to £2.57 billion in 2018 this time last year. Read more »

Ameen Al-Iraq Islamic Bank for Investment and Finance powers digital banking with iMAL

Ameen Al-Iraq Islamic Bank for Investment and Finance (known as: Ameen Al-Iraq) has just signed for Path Solutions’ iMAL Islamic core banking platform in preference to other core banking systems for its new digital banking business in Iraq. The contract signing took place in Beirut, Lebanon. Read more »

Provident Bank Selects NCR for Digital Banking

NCR Corporation (NYSE: NCR), a global enterprise technology provider for the financial industry, today announced that New Jersey-based Provident Bank has selected NCR Digital Banking to support their digital strategy for customer growth and retention. Provident Bank looked to improve the customer experience through better capabilities, a more intuitive design and easy integration with their core banking systems.  As recently reported in Magnify... more Read more »

NBT Bank Empowers Employees to Deliver Tailored Digital Services

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that New York-based NBT Bancorp Inc. (NASDAQ: NBTB), the parent company of NBT Bank, is empowering employees to deliver digital banking services tailored to the needs of customers using technology from Fiserv. Read more »

Entersekt Survey: Banking App Innovation Key to Boosting Adoption and Everyday Usage

Entersekt today released further results from its recent online survey conducted by The Harris Poll among over 1,300 US adults who use banking apps once a month or more often (regular banking app users). The mobile-first fintech provider commissioned the independent market research firm to better understand US consumer attitudes towards mobile app-based banking and payments. Read more »

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